Shanebal

Where are you based in the big State of ours?

Cheers Richard
richard@fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Hi Helen

I can’t beleive no one has answered your post yet so let me be the first.

Last Thursday we purchased a 3 bedroom house in Country Qld for $45,000 which is currently being rented out for $130 on a 12 month lease. All our research on the town stacked up and indeed the agent advised us that we could probably put the rent up in a year.

To…[Read more]

Hi Waulok

Firstly welcome to the forum. Feel free to ask as many questions as you like that’s we are here for.

Secondly congratulations on seeing the light and moving upto the Sunshine State. We are a Brisbane Company specialising in finance and orgainising wraps for investors. If you need a hand with finance for the new house or want to discuss…[Read more]

Guieseppe

Using a professional package with a discount off the Standard VR the payment would come down to approximately $185/ week.

Whilst you stil have to cover the other costs if the property is in a good area and easily rented why not consider using the equity and purchasing a positive cash flow property. A bit of balance and diversification…[Read more]

Suzanna

Like picja happy to offer you some help.

We have wraped over 120 properties ourselves and same again on behalf of investors so think we now what we are talking about when it comes to +cash flow.

Cheers Richard
richard@fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Judith

I now we are a long way away but email is a wonderful tool.

I am a mortgage broker as well as a Director of the largest wrap organisation in Qld. Happy to help if you need someone.

Cheers Richard
richard@fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Chris

Either myself, Terry or any of the other brokers on the forum are always happy to crunch some figures for you

Cheers Richard
richard@fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Celivia

Kym is right about sub-divisions being more complicated than most investors appreciate.

Once option subject to you minimum boundary clearances is to re-align the boundary on your neighbours side incorpating the strip of land under your title.

You will probably have to purchase the property first to be able to do this or your neighbour…[Read more]

Gavin

Not sure how you work out your rate of return but you are right you need the full amount of money in your super fund to cover the purchase price of the property and acquisition costs.

Cheers Richard
richard@fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Hi Caribbean

Wish i could say “Welcome to sunny Qld” today but alas not.

We have our offices in Milton and feel that the Brisbane market is certainly starting to ease.

Auction clearance rates over the last 4 weeks have fallen and whilst certainly in some suburbs the activity is still frantic in others there is a definate softening.

With…[Read more]

Hi Marvin

We are based in Brisbane so if you need a local contact to bounce ideas off or just need information please feel to email me.

Cheers Richard
richard@fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Myydral

Happy to help.

Cheers Richard
richard@fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

John (Taxman) is right.

The rules changed a few years ago to stop a SMSF investing in a Unit Trust and then the Trust borrowing.

I started mine around 6 years ago and feel that for most people you would need a minimum of $75,000 in super to make it viable.

A Super fund cannot borrow or trade so avoid buying in super, renovating and then selling…[Read more]

Bear

As Eigentum writes higher the return higher the risk.

Whilst with a registered 2nd mortgage you do have the rights to execute your powers as mortgagee in possession in the event of default you will then have 2 choices”

1) Sell the property under your powers and repay the first mortgagee. You will get whats left.

2) Repay the first…[Read more]

Hi Luckyphil

Yes you can. We have financed several over the years. Normally limited to 50% of the value of the rent roll so if you can come up with the balance in equity (Lender will normally go to 80% of your equity) you may have a deal.

Suggest someone like Anz they can then tell you who they would want to undertake the valuation.

Cheers…[Read more]

Hi Gambeau

Considering it takes an hour to fly to Brisbane and another to fly to some of the regional areas within the State the simple answer is Yes.

Cheers Richard
richard@fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

belle

With equity you can always build cash flow.

Wrapping is an ideal way to increase your long term income and popular with many of our clients who consider capital growth in the major cities maybe a thing of the past in the next couple of years.

Happy to explore the options with you.

Cheers Richard
richard@fhog.com.au

There is no such…[Read more]

belle

With equity you can always build cash flow.

Wrapping is an ideal way to increase your long term income and popular with many of our clients who consider capital growth in the major cities maybe a thing of the past in the next couple of years.

Happy to explore the options with you.

Cheers Richard
richard@fhog.com.au

There is no such…[Read more]

Rodney

If you get fed up searching in Vic try Qld.

Cheers Richard
richard@fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Hi creach

You mention that the property has doubled in value over the past few years and you are doing renovation work which I assume will again increase the valuation. Presumably you have increased your borrowing to carry out the extension work.

Wouldn’t your equity (being the difference between your borrowing and the valuation) have increased…[Read more]