Forum Replies Created
Charlie – how long you been broking? Its a perfect time to win new clients, and perhaps focus on marketing to a specific niche, the upfronts will cover your costs and you can build your trail….then find a trail book later on. Also, look at what else are you providing other than broking? the market I believe will be based on a product suite rather than specialist mortgage broking…
Cheers Ivan
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I’m not interested in buying any property at any price….
Ok maybe you should look at shares….this is a property forum, i’d say most punters here are looking at property = to buy or sell.
Cheers Ivan
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Yson – I assume it is a serious question, I would hope you would not consider investing in a mining town now or in the near future. Whether it is QLD or WA – there have been extreme horror stories. I am happy to share a number of these if you like – however I would suggest you move away from mining towns as a consideration for investment in the short term and long term.
Cheers Ivan
Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
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What does TLDR mean?
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Hi All,
I attended the Income Education seminar last night and the way they have presented it this time is you sign up attend the seminar and once you have completed your first transaction you will get your course fee refunded in full. Am thinking of doing it. I would like hear form anyone else that has attended their 3 day seminar. I am inteseted in the tax lien aspect.
Thanks CathHi there – everyone I know that have proceeded have regretted it. Whats your strategy? people on here can help less the pricetag.
Cheers Ivan
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Werribbe, Geelong is Victoria’s hottest untapped area now with State Govt new vision. Cranbourne, Narre Warren are good too.
Would not touch Werribee or Geelong – Werribee is a spruiker haven at the moment particularly with H&L and the valuations are coming in very very low…
Cheers Ivan
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Hi there, depending on the size of the complex I may be interested. West Melbourne is obviously within walking distance to the CBD so very attractive for developers and buyers alike hence the supply of apartments. If you like you can send me the floorplan and the building and i’ll have a look at it. However, it needs to be less than 100 and preferably less than 50 in the complex for our clients.
Cheers Ivan
Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
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Tez – US housing assistance, bit like NRAS for dero’s.
Cheers Ivan
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Good to hear Ryno – all the best with it mate, lets check back in 5 yrs with some fantastic news!
Cheers, Ivan
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Hi Ryno – I would not invest in Ipswich – its 40 km from Brissy and over an hour by train. Not sure on the growth aspects for next 20 years either. Affordability and rental return maybe however Spruikers have heavily promoted Ipswich with dual occ stock generally overpriced. This is already priced into the area and my concern is distance to brissy.
Question: Your advisor recommended a property for you? if yes, did they sell the property to you? if yes, ask them about their commission earned.
Cheers Ivan
Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
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Hi there –
Personally I would not touch Werribee whatever your strategy is.
Re St Albans – what is the strategy? for development? not much going on there to be truthful – so you would want to assess is this for investment – PPOR? if investments, house or unit? The good thing about St Albans is the proximity to the city however, it ain’t the top of the list for young families.
Think about Braybrook?
Cheers Ivan
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Ajay – I lived in the states like you – however, why do you want to buy as many properties as possible with $300k?
What is the strategy? For me, there are drawbacks that need to be considered:
1. Exchange rate at sub 70 cents – more expensive to buy
2. Costs to structure the investment
3. Can you achieve Capital growth and yield? or is this a yield strategy? if just yield – why not just invest in Australia? cheap investments are not always good investments – you can achieve positive CF in OZ EASY
4. Get tax advice, by moving back to aus you will be a resident again
5. Invest in good areas not shit areas. General statement – I have a million examples to support why. Do your due diligence.Hope that helps!
To Success, Ivan
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Hello there – Welcome to the forum.
Not entirely certain you need a BA if you have done your reading and knowledge. Not sure its a great idea to entice SMSF either, you may get a barrage.
May be easier just to discuss your scenario – what are you trying to achieve? what is your borrowing power? what type of property are you trying to buy?
You may start with a discussion with a broker to determine your borrowing power, this will then determine your purchase price and highlight any obstacles on your road to success.
From their, formulate the strategy – what type of property do we want? what is the time frame?
Then if you have are still scratching your head then approach a buyer agent.
To success – Ivan
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Clearly its better to buy when the market is flat. However what is really important is that you buy good property. In other words stay away from small apartments in the city in large blocks also avoid house and land packages in outer areas. Naturally dont touch in any market Student built accommodation. These properties will fall further than anything else once the market slows. It happens because these properties are downgraded in value by the banks because of the banks exposure.
Look at townhouses or apartments in small blocks ideally properties that will appeal to owner occupiers as well as investors. These properties will level out but not go down in value and will always appeal to quality tenants.Wise words nigel catch up soon
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Jay – they were always ‘gurus’…unfortunately people fell for it and many lost out. You mean freedom investment club? pls people don’t fall for their shit.
to others – You will get an email from Dan Montano – others can add who else is involved. Please google freedom investment club before you sign up to it,
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Hi there – there is a double tax agreement with the US, so you get a Foreign Tax Credit.
You can use your equity here to purchase over there, you can borrow up to 70% LTV on the property.
Assuming you have read all the threads here – be careful – its not as simple as Oz property.
Structure carefully also.
Cheers, Ivan
Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
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Its legislation mate. Many things suck about law – it is what it is
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Yep Richard,
Like always you are the voice of wisdom….and what the press writes about and reality totally different.
Your comments make total sense, particularly renovation costs being counted as contributions which is what I wrote/initially thought. Curious though why a SMSF couldnt do a subdivision or “change the property to get he best return on investment”?
In a subdivision wouldn’t the SMSF still own both titles etc?
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Needs to be a single acquirable asset…
Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
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Oh how about that – what goes around comes around. Be free to publish the email here.
Their ugly head is already popping up elsewhere….
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Strong view with the banks that there will be a 25 basis point decrease in November – I’m inclined to agree.
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