Total Members: 158,351

San

  • San started the topic Western Sydney airport in the forum General Property 6 years, 1 month ago

    Hi ,

    A company has floated shares for a 30 acre land bought 3 km away from new proposed Western Sydney Airport. There are 2800 shares with each share costing $5k and minimum required investment for $50K. The company’s plan is buy and hold for 5-8 years and then sell. The directors keeping 40 shares as profit and no other thing in…[Read more]

  • San replied to the topic finally bought an IP in the forum Help Needed! 6 years, 11 months ago

    thank you Benny.

    Yes land is meter square. :)

  • San replied to the topic finally bought an IP in the forum Help Needed! 6 years, 11 months ago

    Hi Benny,
    Thank you for the response.
    1. It is a 3 bed, 1 bath on a 600+ sq ft land. Yes flood report was studied and last 2 x instances was noticed. Due diligence was done using a BA in Brisbane. BA believes it is a great buy. My MB (also and investor) also thinks it is a great buy. I just wanted to double check.
    2. We negotiated $15k less than…[Read more]

  • San started the topic finally bought an IP in the forum Help Needed! 6 years, 11 months ago

    Hi All,

    I finally took the plunge and bought an IP in Acacia Ridge, Brisbane for $368K. 45 yr old property with little reno required – change carpet, re-paint, mend a wall, re-install termite perimeter. Settlement is in progress. I appreciate all the input I received here. A few questions:

    1. Is there a way I can check value to make sure it is a…[Read more]

  • San started the topic finally bought an IP in the forum Help Needed! 6 years, 11 months ago

    Hi All,

    I finally took the plunge and bought an IP in Acacia Ridge, Brisbane for $368K. 45 yr old property with little reno required – change carpet, re-paint, mend a wall, re-install termite perimeter. Settlement is in progress. I appreciate all the input I received here. A few questions:

    1. Is there a way I can check value to make sure it is a…[Read more]

  • San replied to the topic Are you an investor based in Melbourne or Brisbane? in the forum General Property 7 years, 1 month ago

    Thanks mate

  • San replied to the topic Are you an investor based in Melbourne or Brisbane? in the forum General Property 7 years, 2 months ago

    Hi Richard,
    80% new loan and 20% from the principal residence equity. So its 100% Loan. I will be using the equity to cover the acquisition cost too.
    Regards
    San

  • San replied to the topic Are you an investor based in Melbourne or Brisbane? in the forum General Property 7 years, 2 months ago

    Hi Richard, Thanks. Which areas are worth considering.
    thanks in advance
    San

  • San replied to the topic Are you an investor based in Melbourne or Brisbane? in the forum General Property 7 years, 2 months ago

    Hi Richard, Thanks. Which ares are worth considering.
    thanks in advance
    San

  • San replied to the topic Are you an investor based in Melbourne or Brisbane? in the forum General Property 7 years, 2 months ago

    Hi KGV,

    Thank you for your response. I am after some input to know which location will be good for buying an IP (house) in Brisbane. My budget is around $400 based on borrowing capacity. I am also after positive geared property. I am looking at net yield.
    In my expense I include the run cost + interest on (100% loan + deposit + acquisition…[Read more]

  • San replied to the topic Are you an investor based in Melbourne or Brisbane? in the forum General Property 7 years, 2 months ago

    Hi Richard,
    Thank you for your response. I am after some input to know which location will be good for buying an IP (house) in Brisbane. My budget is around $400 based on borrowing capacity. I am also after positive geared property. I am looking at net yield.
    In my expense I include the run cost + interest on (100% loan + deposit + acquisition…[Read more]

  • San replied to the topic good yield and growth and low vacancy rate IP: do they exist in the forum Help Needed! 7 years, 5 months ago

    thanks all.
    I always come and stop at the point of decision – where to buy and how to identify the positive cashflow property.

    Is there a logic or method to evaluate the LGA, Suburb, street to identify the property?

    I generally us the historical data to find growth and look at the current properties at market for rest to evaluate yield. I use…[Read more]

  • San started the topic good yield and growth and low vacancy rate IP: do they exist in the forum Help Needed! 7 years, 5 months ago

    Hi Experts,

    A 10%-20% capital growth, below 2% vacancy rate and gross yield of 6%, house with land looks good. Does such properties exist? Lot of BAs tell me that this is not possible and one cannot have both cap growth and high yield.

    If such properties exist how to locate them?

    Thank You
    San

  • San replied to the topic If there is a house rented to housing commission is 300 m away in the forum Help Needed! 7 years, 5 months ago

    Hi Benny / Corey / DT and others,

    Thanks. I have pulled out due to the negative cashflow. I am hearing from BA’s that its not possible to get positive cashflow properties in metro cities. Positive cash flow will be available in regional area but there won’t be any growth. whats your opinion?

    Its now my 9th month searching for my first IP. I have…[Read more]

  • San replied to the topic If there is a house rented to housing commission is 300 m away in the forum Help Needed! 7 years, 5 months ago

    Thank you gents.
    Is Adelaide a good place with good cap gain prospects? This property I am looking at is negatively geared now and is at Daw Park, Adelaide. Its 8 kms from CBD. Its a 3 bed 2 bath house in good renovated condition. asking price is $640K and can be rented at $450/wk.

    regards
    Santhosh

  • San started the topic If there is a house rented to housing commission is 300 m away in the forum Help Needed! 7 years, 5 months ago

    Hello all,

    I am looking at a property close to CBD in Adelaide and there is an house 300 m away on the same street rented to housing commission. Will this affect the value or turn away tenants? Does it make it a wrong investment?

    Thank You in advance.

    regards
    Santhosh

  • San replied to the topic Need Property accountant in Sydney in the forum Finance 7 years, 7 months ago

    ok, you might be very experienced. I have dropped an email to Nicl and Paul. If you are inventing and looking for a house as IP, where would you buy now? Capital gain and good tenants are required and 10 year down the line it should appeal to a first home buyer

  • San replied to the topic Need Property accountant in Sydney in the forum Finance 7 years, 7 months ago

    cheers guys.
    @Benny, @Jamie, Are you investors?

  • San started the topic Need Property accountant in Sydney in the forum Finance 7 years, 7 months ago

    Hi All,

    I would like to speak to property accountants based in Sydney. If you are one or recommend one please let m eknow.
    @Benny, @Jason – Do you recommend any one? Thanks

    regards
    San

  • San replied to the topic Cate Bakos :: Buyer's agent from Melbourne in the forum General Property 7 years, 7 months ago

    Thanks Guys. I will be calling JacM next week.

  • Load More

San

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