Total Members: 158,045

The Contrarian

  • The Contrarian replied to the topic Defence Housing in the forum Help Needed! 15 years, 2 months ago

    What are they they selling? (When it comes to DEFENSE HOUSING)A PACKAGED DEAL offering SECURED RENT over the lifetime of your investment.A "hassle free" investment property that is to assist in securing your financial independance and with a "promised" government guarentee that ensures you receive strong rental returns over the long term (and a…[Read more]

  • The Contrarian replied to the topic Opinions on property offer.. in the forum Help Needed! 15 years, 4 months ago

    Hi mate,Good post… To be honest, the concept of rent paid for the first year, gives it that "serviced apartment" feel. Rather than paying the rent for the first year, why don't you just SELL them @ $349K (i.e. $20K cheaper).They will get snapped up at that price (no matter what market you're in)…Just one opinion.cheers,Anthony.

  • Start small… much smaller.

  • The Contrarian replied to the topic Investment before Home in the forum Help Needed! 15 years, 10 months ago

    Ok. You could refinance with your current bank / institution.If you already have a $39K loan with them, you might want to extend that loan on your townhouse to $389K.This will give you $350K cash in your hand, and a new debt of $389K on your townhouse.Enquire about an offset account… You may be able to pay a little extra now for the facility of…[Read more]

  • The Contrarian replied to the topic investment before a home? in the forum Help Needed! 15 years, 10 months ago

    I think the best advice to give anyone about to purchase their first property is to "start small"…Think of your first property as a stepping stone to your dream home.Since you are on such a good salary… I would purchase in May/June with your $20K, $7K homeowners grant & stamp duty exemption, with say an affordable 2 bedroom townhouse in a…[Read more]

  • The Contrarian replied to the topic Sydney – Townhouse or House? in the forum Help Needed! 15 years, 10 months ago

    Mate, if you have the cash… Go for 3-5 townhouses for sure!Multiple income streams… All you need to do is jack the rent up $20 per week on each property & you have an extra $430 per month. (i.e. $20 x 5 x 52 / 12)My brother is about to do 4 townhouses. Easy money.

  • Do it.

  • The Contrarian replied to the topic Wollongong Area ? in the forum Help Needed! 16 years, 1 month ago

    Hi Chetnik,If you were looking for something close to the uni, perhaps you could try Gwynneville… It's affordable, but has had pretty consistent growth over the last 10 years (ref: Residex).Cheers,

  • Yep… If it's still available… I would be happy to look into it also.

  • The Contrarian replied to the topic Where do I start in the forum Help Needed! 16 years, 3 months ago

    Hi Jodie,I would try to consider what INCENTIVES there are for people to live in a unit in Tamworth.I believe the main incentive would be for people to SAVE MONEY.People in Tamworth will not pay top dollar for a "prestigous" unit… NOR will they pay top dollar for "convenience"…If they had the money, they would either: 1. Buy an acreage or 2.…[Read more]

  • The Contrarian replied to the topic Stamping concrete in the forum Value Adding 16 years, 3 months ago

    Hi Karl & Rita,A good CLEAR / SATIN CONCRETE SEALER can really lift the appearance of your concrete.It will not only improve the look of your concrete, put also protect it from erosion and make it easier to clean.It's EASY to apply and you can pick up 4 litres for about $50 at your local Bunnings.Cheers,Anthony.I have done this before and was VERY…[Read more]

  • The Contrarian replied to the topic Hopeful First Time Investor! in the forum Help Needed! 16 years, 3 months ago

    Hi Nix,I agree with Foundation… Don't sign anything! Is the deposit negotiable? YES. EVERYTHING IS.I recently purchased a townhouse of the plan and neg. from 5% to 3% Yes, you can make money from off the plan… but remember most of the money is normally made by the developers.Especially be weary of the High rise developments… If you can get…[Read more]

  • The Contrarian replied to the topic family dilema in the forum Help Needed! 16 years, 3 months ago

    I'm sure someone here will be able to answer you question re: the trusts etc (sry, not my forte)…Just another option…Have you considered:1. Your brother & wife rent their unit out to someone else (that way all their UNIT expenses are tax deductible2. You rent your house / granny flat to them… 3. You pull equity out of your house and reinvest…[Read more]

  • The Contrarian replied to the topic HELP!! – Shower Floor has no slope in the forum Value Adding 16 years, 3 months ago

    Yep… I agree…. try to be as diplomatic as possible :)

  • The Contrarian replied to the topic Need advise in the forum Help Needed! 16 years, 3 months ago

    Hi wishful.I thought of a couple of possible ideas:1. Perhaps your partner's parents repurchase the property through a trust… You act as the Guarantor, but they make the repayments. (perhaps interest only loan)… Perhaps if they default then, you could repurchase.or2. Maybe you considered purchasing HALF of the property with them…?    …[Read more]

  • The Contrarian replied to the topic Which property should I pay off first? in the forum Help Needed! 16 years, 3 months ago

    Hi Dan,I agree with "PropertyPower" Good advice.

  • The Contrarian replied to the topic What to do with area under staircase? in the forum Value Adding 16 years, 3 months ago

    A house can never have enough storage places…

  • The Contrarian replied to the topic Heavily negative geared! Should i sell??? in the forum Help Needed! 16 years, 4 months ago

    Can you improve the yield on it somehow…? ie. increase the rent, to minimise repayments?For eg:1. a quick makeover… Paint, lights, steam clean ?2. Rent by the room3. rent furnished etc…Just ideas.

  • The Contrarian replied to the topic suggestions in the forum Help Needed! 16 years, 4 months ago

    Why sell them ….?Refinance your loans so that you pay off your PPOR and leave the loans on the investment properties….There are a few guys on this site that I'm sure could help you refinance.If you are able to hold onto these properties… the long term compound growth is where the real money is made.Also… if you sell now… you pay a lot…[Read more]

  • The Contrarian replied to the topic Effect of 300 berth Marina in regional area in the forum Help Needed! 16 years, 4 months ago

    If your area's marina is expected to be finished by 2012… We may be talking about the same place ;)

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The Contrarian

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