[SanParticipant@santnairJoin Date: 2016Post Count: 36]

May 29, 2017 - 12:26 pm

thank you Benny.

Yes land is meter square. :)

[SanParticipant@santnairJoin Date: 2016Post Count: 36]

May 27, 2017 - 7:13 pm

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 ask and then did a B&P. After B&P report further reduced the amount required to fix them. Finally got another 10K reduced (to mend timber in wall, Paint and lay carpets). Only thing we couldn’t get was early access to property prior to settlement.
3. It is less that 1 km to 2 x schools, 5 min drive to shopping malls, 3 km away from rail station.
4. Kitchen is alright and nothing is required.
5. I am in Sydney so will be engaging a property manager.
regards
San

[SanParticipant@santnairJoin Date: 2016Post Count: 36]

March 20, 2017 - 9:42 am

Thanks mate

[SanParticipant@santnairJoin Date: 2016Post Count: 36]

February 20, 2017 - 9:51 am

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

[SanParticipant@santnairJoin Date: 2016Post Count: 36]

February 19, 2017 - 7:32 pm

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

[SanParticipant@santnairJoin Date: 2016Post Count: 36]

February 16, 2017 - 9:46 am

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 cost)

My second question is is it possible to get properties with new rental yield being positive or neutral or is it a myth.

Than You for your help.

San

[SanParticipant@santnairJoin Date: 2016Post Count: 36]

February 16, 2017 - 9:45 am

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 cost)

My second question is is it possible to get properties with new rental yield being positive or neutral or is it a myth.

Than You for your help.

San

[SanParticipant@santnairJoin Date: 2016Post Count: 36]

November 27, 2016 - 9:39 am

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 approved govt development planning/population forecast in the area to look at growth prospects and demand in future.

regards
San

[SanParticipant@santnairJoin Date: 2016Post Count: 36]

November 25, 2016 - 3:25 pm

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 learned a lot but still looking for the good IP.

Thank You
San

[SanParticipant@santnairJoin Date: 2016Post Count: 36]

November 23, 2016 - 6:16 pm

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

[SanParticipant@santnairJoin Date: 2016Post Count: 36]

September 10, 2016 - 8:03 pm

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

[SanParticipant@santnairJoin Date: 2016Post Count: 36]

September 10, 2016 - 5:13 pm

cheers guys.
@benny, @jamie, Are you investors?

[SanParticipant@santnairJoin Date: 2016Post Count: 36]

September 8, 2016 - 9:17 pm

Thanks Guys. I will be calling JacM next week.

[SanParticipant@santnairJoin Date: 2016Post Count: 36]

September 8, 2016 - 8:38 am

Hi Jerry,

I was looking at suburbs in 10 – 13 km radius of the CBD. Suburbs like Sunshine, Altona, Frankston etc
BAs charge 10 – 15k and was wondering will I get the ROI.

cheers
San

• This reply was modified 7 years, 7 months ago by  San.

[SanParticipant@santnairJoin Date: 2016Post Count: 36]

September 7, 2016 - 10:07 pm

What are your thoughts on using a buyers agent. Most of them say that the value for money come from their access to off market properties and they can negotiate a better price.

[SanParticipant@santnairJoin Date: 2016Post Count: 36]

September 7, 2016 - 8:03 pm

Cheers guys. Thanks for your valuable input.

[SanParticipant@santnairJoin Date: 2016Post Count: 36]

September 6, 2016 - 7:54 pm

thats a good idea. Thanks

[SanParticipant@santnairJoin Date: 2016Post Count: 36]

September 6, 2016 - 7:17 pm

Hi Jason,
How can one get to know about them?
cheers
San

[SanParticipant@santnairJoin Date: 2016Post Count: 36]

September 6, 2016 - 5:15 pm

Hi Dark Knight,

I am looking at suburbs 10-13 km away from Melbourne CBD.

Regards
San

[SanParticipant@santnairJoin Date: 2016Post Count: 36]

May 9, 2016 - 7:58 pm

Hi Terry,

Thank you.

regards,
San