I remember recently I made up a spreadsheet on purchasing a mining property as an investment, and comparing to a more traditional investment property.
Obviously the big difference is that mining property has an extremely high rental yield, but loses significant value once the mine closees. Whereas a traditional…[Read more]
I have a few properties in Dysart and compared to your regular IP it is a no brainer. Current have a $450k purchased property earning $2k per week and with the recent news it might go down to $1200 per week on next renewal – which will still yield a %13.8 return ( oh me oh my what should we do!)
More important than the mine closure due to union…[Read more]
If you take the time. And I suggest you do. To read all of the post here you will learn some amazing things
Here is my contribution
1.start investing no matter what you skill and experience an no matter how small the value as it will lead to larger things. Nothing ventured nothing gained
2. Proper planning prevents poor performance ( the three…[Read more]
Jamie m is on the money. Investment ion property is not to be done ‘just because u you can”
You gotto have a plan to make money from the ip based on a strategy of either cash plus, add value or subdivision otherwise you will be like a mouse on a property treadmill ( should TM that btw)
Very informative posts and I understand the nervousness regarding the first ip and which strategy etc etc
The short of it is these common ways to make money in real-estate although there are a lot more.
A. Positive Cashflow that drives capital growth potential
B. buying a problem property under market , solving the problem, and…[Read more]
robrok replied to the topic Mortgage broker commission and trailing fees rebate in the forum Opinionated! 10 years, 8 months ago
Sorry for the late reply. How would this person contact you?
robrok replied to the topic Mortgage broker commission and trailing fees rebate in the forum Opinionated! 10 years, 9 months ago
HI there Micheal
I may have a mortgage broker for you. He does a little more than just that – basically the full gammot of finance from retail mortgage to business finance. He is able to deal with just about any structure you can throw at him and has done both business and finance for 6 IP’s for me in the last few months
Is this the type of…[Read more]
Have done but so far they just scratch their heads… I have them insured already but 1200 bucks a shot for 100k of insurance is a bit hard to swallow. I’ll keep looking though..
I have 6 kids – although with a pretty good job ( no baby bonus though just missed out on the good stuff ) Aside from that I don’t think it is very constructive anyone to carry on in such a way either. If you have a good opportunity, security for the investor and a reasonable return it would be more constructive to stick to the facts of…[Read more]