Total Members: 158,668

Tony Fleming

  • Tony Fleming‘s profile was updated 3 years, 7 months ago

  • Tony Fleming replied to the topic Advice in Selling Cashflow regional property in the forum Help Needed! 6 years ago

    Maybe try some of the property investor facebook groups. A lot of people share deals and properties on there. Best of luck with it all.

  • Tony Fleming replied to the topic NSW Suburbs – Investing in the forum General Property 6 years ago

    Plenty of other states are performing quite well Qld, Tas and SA.

    I wouldn’t invest in Sydney at the moment unless you were looking medium to long term. Obviously depends on your strategy and end goal but if you have your heart set on Sydney you could look at creating boarding house style properties close to universities/job hubs. They are quite…[Read more]

  • Tony Fleming replied to the topic House in Hills district to rent out – good decision? in the forum Help Needed! 6 years, 4 months ago

    Stick to the basics close to schools, transport and shops. Vacancy rate is currently very low there.

  • Tony Fleming replied to the topic Investing with $100k in the forum Help Needed! 6 years, 7 months ago

    Terry has nailed it with the best option.

    You could go regional but at the end of the day you will have minimal growth unless you do renovation work and a few extra thousand in cash flow compared to a savings account.

  • Tony Fleming replied to the topic Thoughts on Elizabeth SA? in the forum Help Needed! 6 years, 8 months ago

    I’ve got some in Elizabeth and Salisbury region. If you can afford it I’d try and get into Salisbury over Elizabeth. Better quality tenants, closer to Adelaide and a safer option all round.

    Tenant quality is essential in Elizabeth as there are a lot of rent being late scenarios down there. So any property you are considering buying with a tenant…[Read more]

  • Tony Fleming replied to the topic HELP! Changing from a IO to P&I loan in the forum Finance 6 years, 8 months ago

    I’d talk to a investment focused broker to maybe map out the different options available. Might be worthwhile to switch banks and get a better rate for the principal and interest loan anyway.

    I would never rule out investing again. Things change and Sydney might not be unaffordable for ever *fingers crossed*

    Happy to pass on broker details we…[Read more]

  • Tony Fleming replied to the topic Should I stay closed to home or invest in interstate? in the forum Help Needed! 6 years, 8 months ago

    It all comes down to your strategy and what you want to achieve. Half of my portfolio is interstate and as long as you do some thorough research and have a good interstate team(Buyers Agent, property managers, tradies) behind you, you can avoid a lot of headaches and sleepless nights.

    A lot of people priced out of Sydney are investing in other…[Read more]

  • Tony Fleming replied to the topic Help needed how to invest 300k Windfall in the forum Help Needed! 6 years, 8 months ago

    Welcome to the forum Kane.

    I’d talk to a broker to work out how much you can borrow as the contract ending will more than likely be an issue. If financing isn;t an issue I’d pay 20% deposits and park the remainder in offset accounts.

    I’m currently investing in Adelaide and there are plenty of bargains out there. I’d try an read up on a few…[Read more]

  • Tony Fleming replied to the topic Introductions and advice! in the forum General Property 6 years, 8 months ago

    Welcome to the forums Chantel

    1. I was working as a pizza delivery driver before I decided I wanted to build my own portfolio to create a strong passive income. Fourteen properties later I’m now a Buyers Agent and doing what I love every day.
    2. Accountants, mortgage brokers, conveyancers, property managers, sales agents, insurance brokers and…[Read more]

  • Tony Fleming replied to the topic Introductions and advice! in the forum General Property 6 years, 8 months ago

    Welcome to the forums Chantel

    1. I was working as a pizza delivery driver before I decided I wanted to build my own portfolio to create a strong passive income. Fourteen properties later I’m now a Buyers Agent and doing what I love every day.
    2. Accountants, mortgage brokers, conveyancers, property managers, sales agents, insurance brokers and…[Read more]

  • Tony Fleming replied to the topic Re-financing in the forum Finance 6 years, 8 months ago

    When looking for a good broker regarding investment properties I’d check that they are actually an investor. Apart from that check client reviews and check to see if they have a wide range of lenders on their panel.

    There are plenty of good brokers on this forum that i’m sure could help.

  • Tony Fleming replied to the topic The Next BOOM Town… in the forum Help Needed! 6 years, 9 months ago

    I’d also add to look for vacancy rates getting tighter in short periods of time-SQM is great for that. Follow the big retail outlets as well.

  • Tony Fleming replied to the topic Advice on Reno (RURAL VIC) in the forum Value Adding 6 years, 9 months ago

    Agree with the pricing on the paint. I had a regional NSW with the cheapest quote coming in at $4200 for internal walls and skirting only on a 117sqm built house.

  • Alarm bells are already ringing with the tenant and capital growth inconsistencies. Regional towns generally have very high vacancy rates and if the tenant is a nightmare it could be an issue with the whole towns tenant pool. I’d say partnership breakdown is really they are getting rid off a dud investment.

    Are you solely just looking for cash…[Read more]

  • Tony Fleming replied to the topic First Home onto First Investment Property in the forum General Property 6 years, 10 months ago

    Welcome David and congratulation on your first home :)

    As Benny said there is a wealth of education on this site and plenty of books out there. Sit back and work out your strategy first before jumping into anything. I found the best way was to work out what your end goal is and in what timeframe. From there you can work backwards and start…[Read more]

  • Tony Fleming replied to the topic Looking for Positive Cashflow Areas with Growth Potential in the forum General Property 6 years, 10 months ago

    Logan and Albury are solid choices in my opinion.

    With Albury focus very strongly on location to shops, schools and transport. As the tenant demographic is usually elderly or single parents especially around the older suburbs. They rent much quicker and you minimise the risk of vacancy.

  • Tony Fleming replied to the topic Good buyer advocate for first time investor in the forum Help Needed! 6 years, 10 months ago

    Hi DG,

    As a BA I’m happy to help answer your questions.
    – How can I judge whether appointed buyer advocate is trustworthy and will deliver result? Checking their licencing credentials is a must, this can be done on the fair trading website. With hiring any BA I’d ask about their portfolio, style of investing, previous purchases for clients, r…[Read more]

  • Tony Fleming replied to the topic Good buyer advocate for first time investor in the forum Help Needed! 6 years, 10 months ago

  • Tony Fleming replied to the topic 250K Cash — Investment options in the forum Help Needed! 6 years, 11 months ago

    Hi Valluvan. I would start by meeting with a investment focused broker to work out your borrowing capacity. At least from there you can work out how much you want to use for PPOR and the rest for an investment. The lending requirements are changing daily so I would personally try and get the PPOR sorted first and than worry about the investment…[Read more]

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Tony Fleming

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