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]
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.
The Contrarian replied to the topic I dont own any property so am i to assume that i should remain a renter in the forum Help Needed! 14 years, 7 months ago
Start small… much smaller.
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]
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]
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.
The Contrarian replied to the topic Buying the 2nd investment property. Is it too soon? in the forum Help Needed! 15 years ago
The Contrarian replied to the topic Should I sell high yield property through buyer’s agent? in the forum Creative Investing 15 years, 3 months ago
Yep… If it's still available… I would be happy to look into it also.
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]
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]
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]
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]
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]
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.
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]
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