Total Members: 158,541

Ryan McLean

  • Ryan McLean‘s profile was updated 9 years, 8 months ago

  • Ryan McLean started the topic Terminating Agreement With Rental Manager in the forum Help Needed! 9 years, 8 months ago

    Hey guys,

    My dad is looking to terminate his agreement with his rental manager so he can self manage the property.

    I know he needs to give notice as per his contract with the rental manger (30 days).

    My question is around getting the tenants to pay him rent

    Should he
    A) Get the tenants to pay him rent immediately and then simply pay the…[Read more]

  • ryan mclean started the topic How To Fire Rental Manager in the forum Help Needed! 9 years, 9 months ago

    Hey guys,

    My dad wants to get rid of his rental manager so he can manage the property himself.

    The tenant signed a 12 month lease about 2 months ago.

    How much notice does he need to give the real estate and will he need to draw up a lease with the tenant?

    Is there anything else he needs to be aware of?

    Thanks

    Ryan

  • ryan mclean replied to the topic my daughters latest song in the forum Opinionated! 10 years, 5 months ago

    Well done to her.

    She should continue doing covers on Youtube.

    There is a guy called only1noah and he simply did that.

    Recently he did an Indiegogo campaign and raised almost $40,000 in funding from his fans to make an album
    http://www.indiegogo.com/projects/join-the-noahnation-and-help-finish-my-first-worldwide-release

    ps. ellisekibel.com is…[Read more]

  • ryan mclean replied to the topic Career Advice Please!!! in the forum Opinionated! 10 years, 5 months ago

    Jamie M wrote:
    Hi Tom

    Any sales/commission based industry is difficult to crack. I know it's difficult not to focus on the dollars when going into self employment because we all have to live. However, being driven by money can set you up for failure. If you're passionate, genuinely enjoy what you do and you're good at it – then the money will…[Read more]

  • ryan mclean replied to the topic Brisbane Property Group meeting – last for 2013! in the forum Heads Up! 10 years, 5 months ago

    I've just moved up to Qld,

    I'll be sure to come along some time in the new year

  • ryan mclean replied to the topic House with Granny flat question :) in the forum Help Needed! 10 years, 5 months ago

    Brazen wrote:
    Hi Adam,

    It's a really good idea to speak with your accountant about this.
    He'll probably advise you to borrow the money for the build because:
    1. The interest is tax deductible
    2. The valuation will be less than the cash you'll spend.

    It's often better (for tax purposes) to let both dwellings out but you will be up for CGT…[Read more]

  • ryan mclean replied to the topic How do I acheive my goals? in the forum Help Needed! 10 years, 5 months ago

    Qlds007 wrote:
    Agree with JacM. 

    I see and hear every day of the week clients who say i need to buy 20 properties to be comfortable yet if they had 6 all paid off (after the accumulation phase) they would be in a far better net position. 

    Number of properties are all well and good but if they are highly geared means nothing.

    Cheers

    Yours in…[Read more]

  • ryan mclean replied to the topic How to determine if a site is feasible for development in the forum Help Needed! 10 years, 5 months ago

    MelbInvester wrote:
    Hi Ryan,

    I like to keep this Properties after developed and also want to know how its look like this Development journey. LOL

    MI

    Why development in the first place?

    Why not buy more investment properties rather than develop?

    Is the return on development really going to be that good for you?

  • ryan mclean replied to the topic ‘Why I bought the block’ API Magazine March 2013 in the forum General Property 10 years, 5 months ago

    Nigel Kibel wrote:
    I know what you mean Richard, my wife has not really put on weight for 20 years and she asks me every day what happened to my figure. I just tell her that like investments i keep growing in value.

    Well down jac and Richard and happy birthday my Richard, but your glad the power come back on to celebrate. 

    I am so going to…[Read more]

  • ryan mclean replied to the topic Bitcoins and Litecoins – Real estate in the forum Overseas Deals 10 years, 5 months ago

    yellina wrote:

    Ryan, 

    I just saw a documentary on Bitcoin on Bloomberg, You are right. You have to download every single transaction to buy or transact a bitcoin. 

    Excellent piece of information. I think bitcoin is not for me. 

    Thank you. 

    Bitcoin is a decentralised currency. Meaning you don't have to go through a bank or organisation to…[Read more]

  • ryan mclean replied to the topic What is your Interest Rate by Hari Yellina in the forum Finance 10 years, 5 months ago

    Will interest rates be going down again?

    I have heard speculation that they will. But as always nothing is fact until it actually happens.

    I'm sure so many things could happen in the economy that would affect it.

  • ryan mclean replied to the topic Rates on hold for December 2013 in the forum Heads Up! 10 years, 5 months ago

    Hey Jamie,

    I would also like to ask the same question as Hari?

    I have heard others say that they are expecting rates to go down again as well. Do you think this is true?

  • ryan mclean replied to the topic Top Suburbs for property investing in Brisbane in the forum Help Needed! 10 years, 5 months ago

    Qlds007 wrote:
    Unfortunately the article is over 28 months old so hardly upto date.

    Ramki couple of suburbs i don't mind but a couple I would avoid like the plague.

    Too right. Should have checked the article date before posting.

    Here is a more recent…[Read more]

  • ryan mclean replied to the topic Fire damaged property in the forum Value Adding 10 years, 5 months ago

    I researched and wrote an article on this – http://positivecashflowaustralia.com.au/mortgage-uninhabitable-house/

    Basically you CANNOT secure traditional lending on an uninhabitable house. You would either need to borrow equity against another property or gain a construction loan which means you would need to provide detailed costings and plans…[Read more]

  • ryan mclean replied to the topic Steve has inspired (but yet, confused) me – can you help? in the forum General Property 10 years, 5 months ago

    Benny wrote:

      The part that I don't get is this – WHY does a 50% deposit offer much more incentive to a seller (or RE agent) to offer a 10% discount.  My thoughts are "I can see value in a 100% cash offer – it can be a VERY short settlement, leaving the seller to "move on" quickly.   

    But WHY is a 50% cash deposit much better than the…[Read more]

  • ryan mclean replied to the topic Steve has inspired (but yet, confused) me – can you help? in the forum General Property 10 years, 5 months ago

    Benny wrote:

    Perhaps I am labouring under a delusion, but isn't a seller only entitled to something like 5% or 10% if I were to default – or is it the WHOLE deposit (as I think you are indicating)?.   I've never come across this, as I have never put more than 10% down. 

    Anyway, if the seller is allowed to keep all of a deposit, that pretty…[Read more]

  • ryan mclean replied to the topic Top Suburbs for property investing in Brisbane in the forum Help Needed! 10 years, 5 months ago

    Here's an article from API magazine (from Sam Saggers who runs Positive Real Estate) that may be helpful to you

    http://www.apimagazine.com.au/blog/2011/08/brisbane-is-it-time-to-catch-a-blue-chip-bargain-before-a-boom/

  • ryan mclean replied to the topic My investment strategy in the forum Help Needed! 10 years, 5 months ago

    Mot_84 wrote:

    A) Now I know that land appreciates but as I am investing with between 200-300K,

    B) I was looking at getting another unit in a small older block within a 25km radius if Melbourne's cbd.

    C) My strategy is to buy units in good growth areas, whilst negatively gearing them, look for capital growth in all of them and accumulate…[Read more]

  • ryan mclean replied to the topic My investment strategy in the forum Help Needed! 10 years, 5 months ago

    opee wrote:
    Hi MOT_84,

       Personally I like to stick within 20Kms CBD and to find a positive cash flow property is impossible within this range.

    I don't like to invest my money in outer range suburbs as their are some issues regarding capital growth,  tenants and too much land available. If you can find a positive cash flow property around CBD…[Read more]

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Ryan McLean

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