Forum Replies Created
Their home page seems to be loading from my end.
Cheers
AndrewsuperAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auAsk him if he would go and pay off someone’s mortgage without getting anything in return.
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auI wouldn’t get too caught up in all those investment strategies proposed in books and by property gurus etc. I would use them more as an educational concept of how it works theoretically. There are many assumptions behind those strategies.
As we all know everything changes all the time. So investing in property using a +10 year strategy that makes multiple assumptions seems a bit off. In 5 to 10 years things will be different from today and your strategy will change and so will the strategies proposed in the property books.
Following certain rules that help you maximise your:
- options
- your investment’s value
- and income generation ability
now and in the future seems more realistic.
Some obvious rules are:
- Buy under market value – Negotiate hard.This helps you create equity straight from day one
- Buy properties with development potential for now or in the future – High future value potential when rezoning
- Over time add value by renovating, subdividing, etc
There are plenty more.
I agree with D.T. I wouldn’t go into #4.
Cheers
AndrewsuperAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auCouncil rates are usually based on the land value of the property not the property as a whole including the dwelling.
Commercial property is valued using the Income approach or DCF so the valuation is a bit more complicated than the valuation of a residential property.
Do you what the net income over last 5 yeas was?
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auThis can be quite useful:
http://www.bmtqs.com.au/construction-cost-calculator
or the table to compare:
http://www.bmtqs.com.au/construction-cost-table
Cheers
AndrewsuperAndrew | Property Analyser and Finder Tool
https://property-analyser.com.au1) Call them and arrange a meeting to meet them in person and discuss the proposal.
2) Details about the area and surroundings. Why they should be interested to have an office at your location? Show them estimated number of people passing through the area and the potential increase in customers it could mean to them. Basically inform them about the project and persuade them at the same time.
3) I am assuming DD stands for due diligence.There is something to get you started. If you haven’t done something similar before then it will be a bit of work (depending on the size of the project).
Cheers
AndrewsuperAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auOnline Property Management Software
◾123Landlord
◾Acturent
◾AppFolio
◾Buildium
◾DIY Real Estate Solutions
◾EVA Property
◾iRealtyManager
◾PropertyBoss
◾PropertyGate
◾PropertyWare
◾Rentec Direct
◾RentMonitor
◾RentPost
◾SimplifyEm
◾UnitConnectI would probably look at Australian websites if you want to take into account legal aspects.
Is there any software that manages the relationship between the tenant, landlord, and real estate agent?
Not many manage the relationship between all three parties.
.lots of developers don’t look before they leap…
Just because a website already exists, it doesn’t mean that no new better ones should be developed. If that was the case then we’d only have one property investing forum ;). It reminds me of the myspace-facebook situation. Facebook was nothing new, very easy to develop, but differently executed.
you wont be able to get landlords to push their agents into using a specific app that you’ve developed.
That is true. I agree with you. Unless the app is better and saves the agent money and time. Then you won’t really have to push it.
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.authere are a number of apps out there
which ones?
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auHi Suri007
PM me your email and I can send you a spreadsheet. Unless there is a way to upload it on here, which I haven’t figured out yet.
Cheers
AndrewsuperAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auI’m with Jeff on this one. In a perfect world it could be a good idea. I’d definitely rent a place that had internet, electricity etc all included and set up. However I find that a lot of renters don’t see the value in it.
Cheers
Andrewps: The easier you make it for a tenant to move in, the easier it is for them to also move out. Also something to consider.
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auAs Terry pointed out, if you want someone else to find you the properties, you have to pay for it.
A buyer agent “should” act on your interest since you are paying them. Anyone else paid by a seller won’t act in your interest.
However if you are planning to be involved in property investing in the long term, then I would advise to do it yourself.
Cheers
AndrewsuperAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auHi MAV
is there a loan on PPOR?To put it simply:
Value of all Properties – all the loans = Equity.Cheers
AndrewsuperAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auSo, many believe that investing in funds that track the index along with a good portion invested in bonds is the most efficient way to financial freedom.
I doubt that. You can check it. Get the past 20 years performance of an index (say ASX 200 or 500 or whatever index you wish) and a government bond and draw an excel sheet. Then ask yourself if that is financial freedom.
In my opinion Australian property can be purchased which has this asymmetric profile. To me, this means that investing in property is superior than the above strategy.
Don’t confuse yourself. Stick with property. If you don’t have experience in investing and are not financial savvy stay away from shares. Even experienced investors get it wrong most of the time.
Property is a direct investment. You have more control over it compared to shares. You can renovate, rent out rooms individually, move into it, etc. Plus I’ve never heard of property prices go down to 0..
Cheers
AndrewsuperAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auHi rinji
Why don’t you ask your solicitor the same questions and more so you can educate yourself? That is their job. You are paying them big money so try to get the most out of it.
Cheers
AndrewsuperAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auHi simpanteli
Is it a must to travel and see the area?
Has anyone ever developed in another state whilst not being able to liase with everyone in person or inspect?If you are using a buyer agent you might get away with not inspecting the property/area and the rely on the photos/videos the BA might supply to you. I wouldn’t fully rely on the BA word without seeing photos/videos.
However if you don’t use a BA then I would recommend to inspect the property and area in person or at least pay someone to take photos/videos of the property/area for you.
Cheers
AndrewsuperAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auNice post Terry.
@benny: Net Yields can be sometimes misleading if you include interest expenses since you don’t know the loan amount. Loan amount could be 100%, 80% or 50%, which will lead to a completely different net yield.
I’m a assuming Terry is not including interest expenses in his yield (you can correct me here Terry, if I am wrong). His Gross Yield is 10% less expenses @ 3% that’s a net yield of 7%.
Terry when did you purchase these properties? Recently or years ago?
Cheers
AndrewsuperAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auHey Killara
Thanks for letting me know. I just tested it and it seems to be working.
Are you still experiencing the problem?
Cheers
Andrew
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auHi there
“Tax effective”: I am assuming you mean increase you tax deductions to lower your tax that you are paying from other income sources.
Best way to increase your tax deductions is by claiming depreciation since there is no out of pocket expense. Next best way is to increase your interest payments.
If you can borrow 100% and it suits your investment strategy, then borrowing 100% will maximise your tax deduction.
Cheers
Andrew
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auThere is nothing wrong with new properties.
These benefits include more tax deductions, depreciation, reduced stamp duty, less fees, less maintenance, increases chances of finding tenants
Those benefits are all true.
The problem with these companies is that they charge very high commissions on top of the real value of the property.
we paid 410k but is worth 388!
This most likely reflects their commission: $22k.
Cheers
Andrew
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auAdmittedly I didn’t pay particular notice to his/her posts so don’t know why they were banned.
Apparently neither did I. Last things I read was him disagreeing with Steve on unemployment rates…
Cheers
Andrew
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.au
