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Fantastic Post Xenia…and a very important for people to fully read it.
Fabulous food for thought.
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This reply was modified 8 years, 4 months ago by
Rick.
Rick | My Property Investing Tools
http://mypropertyinvestingtools.com
Email MeFREE Download >> Click my website for the Tools I used to Build a Multi-$Million Portfolio & Retire.
Yep gone are the days of having to go sit in front them.
With today technology, it can all be done electronically.
We send all information via email and Skype.
Its cheaper & a lot quicker.
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This reply was modified 8 years, 11 months ago by Rick.
Rick | My Property Investing Tools
http://mypropertyinvestingtools.com
Email MeFREE Download >> Click my website for the Tools I used to Build a Multi-$Million Portfolio & Retire.
You can refinance all loans with the one lender. Just check your loan docs before signing one property is securing the loan. In my opinion having the properties spread across multiple lenders as you have it now is best for minimising your exposure risks.
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This reply was modified 8 years, 11 months ago by Rick.
Rick | My Property Investing Tools
http://mypropertyinvestingtools.com
Email MeFREE Download >> Click my website for the Tools I used to Build a Multi-$Million Portfolio & Retire.
Hi Coogee 126,
Quite a few of our properties have doubled/tripled in value over the course of a decade.. Rents on those have doubled & some close to tripled also.
I believe we have attained that growth because early on in our investment journey we decided to target / purchase in areas that had recently been approved for or were in the planning stages for gentrification.
We looked for the following 4 flag sectors injecting money. –
Government, Commercial, Retail & Private sectors
We discovered this ultimately uplifted & beautified the area resulting in people’s attraction thus moving in and creating demand.
We have found this to work very well if you are looking for short to medium term capital growth so as to leverage against and build your portfolio faster.
Typically these are some of the signs we looked for where sectors were injecting money –
A/ Local/State/Federal Government. ie Major arterial roads, Govt Depts locating to area, Street Scrapping, New Public Transport, Recreational facilities, Hospitals/Medical facilities, Suburb Redevelopment Authorities being formed. etc
B/ Big Multi National Retail & Commercial type companies. ie Major Shopping Centres, McDonalds Hungry Jacks, KFC, Bunnings, Harvey Normans, Good Guys, etc. These companies spend $Millions on market research before going into and setting up shop in an area. If there was no current or immediate future demand for their products and services they would not be moving in, so leverage off the back of their research.
Sources for information as part of your due diligence – You can check out all the federal/state/local government planning & development websites at this one convenient link ( http://www.oultwood.com/public/country.php?country=australia&scrwidth=1440 ).
Other sources I use to gather info are from all the various big multi-national company websites, local newspapers, community news, local businesses, and people in the area…..general networking etc.
C/ Private People/Investors. ie Owner occupiers and Investors bowling over old houses then rebuilding new modern homes and redeveloping town houses / villas.
Get out and about. Jump in your car and drive around the area. Better still is once you’re in your prospective area hit the streets by foot. You will see so much more on foot than by driving.
I hope this provides some food for thought.
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This reply was modified 9 years ago by Rick. Reason: typo
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This reply was modified 9 years ago by Rick.
Rick | My Property Investing Tools
http://mypropertyinvestingtools.com
Email MeFREE Download >> Click my website for the Tools I used to Build a Multi-$Million Portfolio & Retire.
The way I minimised Land Tax was to purchase certain types of dwellings and structure our property portfolio across a few different states around the country.
We purchased villas and townhouses and kept our holdings under the Land Tax threshold for the state we were purchasing in, then we moved on to purchasing in other states doing the same thing in those states.
I hope this provides some food for thought.
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This reply was modified 9 years ago by Rick.
Rick | My Property Investing Tools
http://mypropertyinvestingtools.com
Email MeFREE Download >> Click my website for the Tools I used to Build a Multi-$Million Portfolio & Retire.
I use AON & Terri Sheer for all our portfolio’s landlord insurance spread around Australia.
Over the past 15 years I’ve only had 2 claims. Both claims were with AON.
There was no issues with claims and both went through smoothly.
I can’t comment how the Terri Sheer are to work with as Ive had no claims with them.
Both companies are competitively priced. From a premium perspective Terri Sheer offers a premium discount for 3 or more properties.
I hope this helps.
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This reply was modified 9 years ago by Rick.
Rick | My Property Investing Tools
http://mypropertyinvestingtools.com
Email MeFREE Download >> Click my website for the Tools I used to Build a Multi-$Million Portfolio & Retire.
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This reply was modified 8 years, 4 months ago by
