[Tony FlemingParticipant@the-dark-knightJoin Date: 2008Post Count: 396]

June 9, 2018 - 10:11 am

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 | Triumphant Property Group
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NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

[Tony FlemingParticipant@the-dark-knightJoin Date: 2008Post Count: 396]

June 9, 2018 - 10:08 am

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 hands on projects though.

If you need any help or guidance feel free to send me a PM.

Tony Fleming | Triumphant Property Group
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NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

[Tony FlemingParticipant@the-dark-knightJoin Date: 2008Post Count: 396]

February 20, 2018 - 9:26 am

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

Tony Fleming | Triumphant Property Group
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NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

[Tony FlemingParticipant@the-dark-knightJoin Date: 2008Post Count: 396]

November 24, 2017 - 9:32 pm

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 | Triumphant Property Group
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NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

[Tony FlemingParticipant@the-dark-knightJoin Date: 2008Post Count: 396]

October 28, 2017 - 8:58 am

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 in place I’d ask for the tenant ledger.

Let me know if you need any help I know some good property managers down there to help.

Tony Fleming | Triumphant Property Group
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NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

[Tony FlemingParticipant@the-dark-knightJoin Date: 2008Post Count: 396]

October 27, 2017 - 9:23 am

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 use for clients if you would like?

Tony Fleming | Triumphant Property Group
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NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

[Tony FlemingParticipant@the-dark-knightJoin Date: 2008Post Count: 396]

October 26, 2017 - 11:53 pm

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 capital cities or regional areas at the moment. When Sydney drops back they can come back later with equity created in other markets.

Tony Fleming | Triumphant Property Group
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NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

[Tony FlemingParticipant@the-dark-knightJoin Date: 2008Post Count: 396]

October 15, 2017 - 8:38 pm

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 strategies and see what you think will fit your future plans.

Happy to chat if you need and help.

Tony Fleming | Triumphant Property Group
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NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

[Tony FlemingParticipant@the-dark-knightJoin Date: 2008Post Count: 396]

October 14, 2017 - 11:18 pm

Chantel wrote:

Hi everybody! I’m Chantel and I’m from Newcastle. I’m reasonably new here and to the investment property world! This is an introductory post / advice post.. I’m finding that one of my biggest challenges is finding a good property investment team that work well together. I just have a few questions regarding that…
1. Whats your name and where are you from! I’d love to get to know everyone :)
2. Who is on your team? How do you keep in contact with them (over the phone, texts, emails, letters, appointments)?.
3. How often should they be talking to me? And about what!? Haha.
4. How do you keep track of everything that happens with numerous team members?
I hope that I see you guys around the forums :)!

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 other investors. Best way is to ask them what they prefer. I have plenty of people who prefer a call whilst others an email is fine. There are also plenty of investment meet ups out there. I’d recommend going to some if possible. It’s great to meet people in different stages of their investing careers.
3. Depends if they want you to buy something :) or to give an update on a changing policy or market conditions changing etc.
4. A diary is the best thing to use. A paper trail is important!

Hope this helps and best of luck with your journey!

• This reply was modified 6 years, 6 months ago by  Tony Fleming.

Tony Fleming | Triumphant Property Group
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NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

[Tony FlemingParticipant@the-dark-knightJoin Date: 2008Post Count: 396]

October 4, 2017 - 6:06 pm

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 | Triumphant Property Group
http://www.triumphantpropertygroup.com.au
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NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

[Tony FlemingParticipant@the-dark-knightJoin Date: 2008Post Count: 396]

September 23, 2017 - 11:32 pm

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 | Triumphant Property Group
http://www.triumphantpropertygroup.com.au
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NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

[Tony FlemingParticipant@the-dark-knightJoin Date: 2008Post Count: 396]

September 23, 2017 - 10:13 pm

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.

Tony Fleming | Triumphant Property Group
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NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

[Tony FlemingParticipant@the-dark-knightJoin Date: 2008Post Count: 396]

September 20, 2017 - 5:36 pm

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 flow or starting to build a portfolio? If you are looking to build a strong portfolio you need capital growth. If you can stretch the budget a little higher you could still get into the Brisbane and Adelaide market. The yields will be lower but you will have still get consistent capital growth plus the vacancy rates will be much lower.

Tony Fleming | Triumphant Property Group
http://www.triumphantpropertygroup.com.au
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NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

[Tony FlemingParticipant@the-dark-knightJoin Date: 2008Post Count: 396]

August 30, 2017 - 9:03 am

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 planning it all out.

Any questions don’t hesitate to ask.

Tony Fleming | Triumphant Property Group
http://www.triumphantpropertygroup.com.au
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NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

[Tony FlemingParticipant@the-dark-knightJoin Date: 2008Post Count: 396]

August 28, 2017 - 9:05 am

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 | Triumphant Property Group
http://www.triumphantpropertygroup.com.au
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NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

[Tony FlemingParticipant@the-dark-knightJoin Date: 2008Post Count: 396]

August 11, 2017 - 10:25 pm

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, results of previous purchases, if they are receiving any kickbacks/referral fees and what contacts they have in the designated area.

– With money in hand (100k), I am planning to buy between 500k – 600k property. What should I expect to pay an advocate? Fees vary depending on states but as a rough guide anywhere from 1% to 2% on the purchase price.

– Is it OK to hire an advocate inter state? Yes.

– Is it find to have investment property in other states? Plenty of investors spread their portfolio over multiple states. It’s a good idea not to have all your eggs in one basket. I have multiple properties in Sydney, regional NSW and Adelaide. It works well as you are not stuck relying on one market cycle.

Hope this helps.

• This reply was modified 6 years, 8 months ago by  Tony Fleming.

Tony Fleming | Triumphant Property Group
http://www.triumphantpropertygroup.com.au
Email Me

NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

[Tony FlemingParticipant@the-dark-knightJoin Date: 2008Post Count: 396]

July 12, 2017 - 9:21 am

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 side. Best of luck.

Tony Fleming | Triumphant Property Group
http://www.triumphantpropertygroup.com.au
Email Me

NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

[Tony FlemingParticipant@the-dark-knightJoin Date: 2008Post Count: 396]

June 22, 2017 - 9:18 pm

As Nigel said I would be going to as many open homes and auctions in your targeted area to see what buyers are paying and looking for. You’ll also get an idea of who the good and bad agents are. Target the bad ones for buying and the good ones for when you sell.

Apart from that these days there are a number of online programs to make researching suburbs easier Rp Data, Pricefinder, SQM and ABS. Some of the sites you need to pay for but the amount of data you get is essential. Once you’ve done the initial research it is more about staying up to date with current sales.

That’s why people pay us Buyers Agents to do the legwork!

Tony Fleming | Triumphant Property Group
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NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

[Guest]

June 19, 2017 - 9:53 pm

Guest wrote:

Ah ok thanks, I am looking in Sydney. I was actually reading a book before and it said don’t focus on the cash flow from the rent. Building the value of the property is better more important it will build bigger equity. So yeah you are right, but I don’t know how long this negative cash flow will last. I could negatively gear I guess, I got no choice if I invest in Sydney. Don’t know how comfortable I am with negative gearing especially as a beginner.

It all depends on your strategy but negative gearing isn’t the best strategy especially in a city which has just experienced mega growth. You will be buying an asset at the top of the market with low yield. Having said that if you are looking for a long term play it has some merit as the Western Sydney second airport and job hubs will increase demand.

There is a lot of infrastructure planned for West, South West and North West so if you are looking I would look there but it maybe a few years

Tony Fleming | Triumphant Property Group
http://www.triumphantpropertygroup.com.au
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NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

[Guest]

June 19, 2017 - 9:42 pm

Guest wrote:

Oh that’s what I forgot to mention. I wanted to find like minded people, people that want to become entrepreneurs and investors, seems impossible everyone these days just focuses on studying at college or whatever.
You said a team of professionals that would include people like, mortgage brokers, real estate agents, lawyers, tax advisors etc. I had a question, in this book I read it said it will take time and energy to form a team, but surely it doesn’t take that long? Don’t all you need to do is call these people at the time when you need them? Or just call them and ask them if they are available?
Thanks also for the help.

The important thing is making sure they have experience in what you need from them. My first broker never had an investment property and it was a disaster. He didn’t know how to structure my loans to maximise borrowing power. It’s mistakes like this that can jeopardise building a strong portfolio.

There are a number of professionals on this forum or successful investors who would have contacts. I would give them a call and just have a chat about what you want to achieve, what they have achieved, can they help you, ask about fees etc. You can normally get an idea if you think they will be able to help you.

Tony Fleming | Triumphant Property Group
http://www.triumphantpropertygroup.com.au
Email Me

NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury