Total Members: 158,566

Ronny

  • Ronny replied to the topic Units/Body Corporate. in the forum No Subject 17 years, 4 months ago

    Hi,
    I believe the over 55’s units are good low cost entry into investing or a great general cash + investment, which supports debt servicing as ones portfolio grows.
    One key item is the Manager – what is their tenant turnover like – if the tenants are not happy they will move on like any property. See what seniors competition is within a 5 or 10…[Read more]

  • Ronny replied to the topic More questions on the ex govie reno in the forum No Subject 17 years, 4 months ago

    Hi Jenny,
    I agree that if internal & not load bearing no problem. If load bearing I still don’t think you need permit, just structural calc’s to ensure is safe by an engineer.
    With the fence, I know you may need a permit with some councils in Vic.
    Have a look on your councils website with all this stuff, usually informative. Maybe ring them and…[Read more]

  • Ronny replied to the topic Your views on Dandenong in the forum Help Needed! 17 years, 4 months ago

    Hi Sanjiv,
    Your strategy sounds good. I think the Dandenong area has been a little under priced in general the last few years, not too much though. I was looking in Eummemerang ( or however you spell it) not too long ago.
    I think you need a property of reasonably good standard, close to public transport, etc in this area.
    I agree that the…[Read more]

  • Ronny replied to the topic I’m 26, own 3 Properties – what to do next? in the forum Help Needed! 17 years, 4 months ago

    Hi Wayne,
    great success story on the back of great capital gains. Great equity available as foundation to continue to grow portfolio.
    I think most property investors get to a point where debt servicing restricts growth during the building of a portflio.
    Cash +/+geared properties should always allow growth, but most of us know that capital growth…[Read more]

  • Ronny replied to the topic To those of you who have more than one IP in the forum No Subject 17 years, 10 months ago

    Have 14 props (ex residence) with current LVR of about 60% – plenty of equity left. Cost about 7K pa to own before tax – positive after tax. 1st one approx 10yrs ago, next couple over a few years, then got into it. Could have done a lot faster but was very conservative back then.
    Target positive geared when possible, but always cash positive after…[Read more]

  • Ronny replied to the topic Benalla in the forum General Property 18 years, 5 months ago

    Benalla has its fair share of low income population, of which some can be a bit rough. Seems like a reasonable buy without knowing/seeing the properties. I suggest they would be cash+.
    For a Lawyer try Jeff Francis on 03 5721 8300 if you hav’nt found someone yet. He is from Wangaratta but does a fair slice of Benalla’s legal business – not much to…[Read more]

  • Ronny replied to the topic Choosing a PM in the forum General Property 18 years, 6 months ago

    Hi katfrat,
    ask for referee’s, ask for randam selected with names starting with a particular letter so hard for them to specifically select. They may not give to you due to privacy issues, but say you just want name & phone number.
    I have found PM with larger rent rolls with multiple staff in dept do a better job and larger franchised agencies…[Read more]

  • Ronny replied to the topic What can I do with 2K and time? in the forum Help Needed! 18 years, 6 months ago

    Hi Pipe,
    add 12 to 15K equity to what you have got, use your time to find a small 100 – 120K or so IP thats CF+ and your away. Start small – grow over time. No equity – got something to sell to get more starter cash????
    Get your noodle working hard enough and you’ll find a way. get into it.
    Ronny

  • Ronny replied to the topic Paying Yourself? in the forum Help Needed! 18 years, 6 months ago

    Your expenses are deductable anyway. Sounds like what your asking is, for example, can I have a vehicle as tool of trade, claim full cost/expense, etc aginst income of work done on your own property.
    Theoretically you could do this but with little advantage or significant increased risk of claiming unjustifyable expenses – could be dangerous.
    I am…[Read more]

  • Ronny replied to the topic How to Invest full time? in the forum Help Needed! 18 years, 6 months ago

    Keenaz,
    one way would to be get out and look at deals, do the numbers, study the market/s, look at what ifs, Study prices, movements, returns, cash flows, etc.
    Put the time in when you can to learn as Dr X suggests.
    best of luck

  • Ronny replied to the topic Getting started! in the forum Help Needed! 18 years, 7 months ago

    I am told and hear that lenders don’t like less than 50m2 but I have not had a problem, using equity though – so I suppose any more than 80% LVR might be a problem without other equity or the balance in cash. Your student accom deal seems too good to be tru.

  • Ronny replied to the topic Help on “off the plan” in the forum Help Needed! 18 years, 7 months ago

    I concur with other posts, but remember in addition to the completed value, presuming you will hold for a time and rent out, research earning potential. If in a large development they will probably all come onto the rental market at the same time so may have to wait a little longer to let. Look to offer or add something to differentiate from the…[Read more]

  • Ronny replied to the topic whats the star at the side of your name for in the forum No Subject 18 years, 7 months ago

    I reckon half of you are bored

  • Ronny replied to the topic Cash Flow Positive Property in the forum General Property 18 years, 9 months ago

    Hi,
    I don’t know about a bust or not. I do know good yields & deals are harder find, but CF+ still around in Aus, just need to be patient and keep looking, maybe think a bit differently. I personally don’t see a lot of future with neg geared – restricts no of properties over time, gearing, servicability, etc. Little capital gain currently so CF+…[Read more]

  • Ronny replied to the topic Help! Analysis paralysis – Adelaide…Ireland in the forum Help Needed! 18 years, 9 months ago

    Hi,
    you have a few goals. list them and prioritize. get some professional advise on best how to achive the goals and maximise use of cash. In regard to purchasing an IP – do from a pure business/return perspective and a distance away from you, so you don’t spend half your time looking at it – the novelty wears off over time anyway, especially as…[Read more]

  • Ronny replied to the topic Any Advice would be appreciated… in the forum Help Needed! 18 years, 9 months ago

    Hi BG,
    I have looked about in most of the area’s you mention in the past two years. Maidstone probably the best – In the “ring”, has had a fair bit of price growth but maybe have more to go. This area of western suburbs gaining momentum. Seymour & Churchill overpriced now maybe and as you say limitd markets. Melton may have some potential over…[Read more]

  • Ronny replied to the topic Property Investment basics in the forum Help Needed! 18 years, 9 months ago

    Hi Clones,
    I am far from an expert in all markets, however with a little equity you can purchase a cash positive property with someone elses money, cash on cash return can be huge. Also can use equity and gear on trading markets but probably not more than 50 or 60% – cash on cash return much lower. A company can go bust and dissapear up its…[Read more]

  • Ronny replied to the topic Creative deposits- ideas sought in the forum Help Needed! 18 years, 9 months ago

    Indigo V
    get a cf+ property with little or no money down. Use a bank garuantee as deposit – see what equity you have available, it may be more then 10K. get advice and a good Bank Manager or funder – build a good relationship with then – you will be surprised what one can achieve – there’s plenty of others cash out there to use. Find a way to…[Read more]

  • Ronny replied to the topic Do we pay off our mortgage first? in the forum Help Needed! 18 years, 9 months ago

    Hi Beegee,
    why not do both. Get cash+ IP as well as pay down your mortgage as much as you can or even faster over time. You’ve got plenty of equity to borrow against – if you purchase and is CF+ and/or +geared you can maintain or increase rate of mortgage reduction. There are plenty of other influences & factors such as lifestyle, aspirations etc.…[Read more]

  • Ronny replied to the topic Where are the bargains at? in the forum Opinionated! 18 years, 9 months ago

    Hi there. My experience is if that everyone is talking about it, its either old news or close to it. I’m with Mort Hunter – they are around you in Aus and antwhere else, just have to look and look some more.I’m sure there are good deals In USA & NZ also. Subscribe to API magazine and find out what is old news, so you may not waste time looking in…[Read more]

  • Load More

Ronny

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
158,566

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!