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

October 9, 2016 - 10:25 am

As Jamie said the negative gearing concept is flawed. You lose money to save tax compared to paying tax on profit. I know which one I would prefer to utilise. OTP as others have stated is quite risky as well. Good luck and I hope you get your deposit back if you decide to pull out.

• This reply was modified 7 years, 7 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]

October 6, 2016 - 12:05 am

What state are you in? As it differs per state but from my understanding your spouse will ineligible for the grant as she is in a relationship with you. You can look up the rulings per state just by going to the state or territory revenue websites. I would recommend talking to a broker about the financing side of everything. Plenty on this site that would deal with this on a daily basis. Hope this helps and good 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]

October 1, 2016 - 11:09 am

It depends on your goals and when you want to achieve them? I’ve invested heavily in regionals for cash flow but the foundations of my portfolio was capital growth. You need both cash flow and capital growth to keep growing your portfolio but focusing on capital growth definitely helps for quicker transactions. If you are considering regionals the things to look for is
-more than one industry in the town
-houses or Units that you can do cosmetic touch ups on. It’ll lower chances of vacancies, boost rental return, quality of tenant as well as provide some sweat equity
-Infrastructure(is the town going to be expanding any time soon)
-Talk to people in the town(property managers are more honest than sales agent as they will have to deal with a grumpy landlord)
Hope this helps!

• This reply was modified 7 years, 7 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]

September 29, 2016 - 8:53 am

Jerry wrote:

beat me to it Tony by 3 minutes. :)

:)

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]

September 29, 2016 - 12:05 am

95% is still available but from what I’ve heard you need to jump through hoops to get it. 88% is the sweet spot to aim for, LMI drops significantly. One of the brokers on here I’m sure could help you out. Good 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]

September 26, 2016 - 12:34 pm

The first point of contact should be to a broker. That way you will have an idea of what you can borrow. From there it’s important to work out your goals whether it will be retiring in 10 years or simply boosting your lifestyle. Put a plan in place to get there and start doing some research. I used to go to the local library and borrow as many investment books as I could. If they didn’t suit my goals I took them back. Plenty of information on the internet as well. Hope this helps :)

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]

September 6, 2016 - 7:48 pm

Your best bet would be to try and find an investor on the ground there. Someone who knows the ins and out of the suburbs etc. Good luck with it :)

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]

September 5, 2016 - 11:52 pm

Hi San. I normally talk to property managers, other investors in the area and buyers agent in the area. You can get a good idea of what tenants want, ways to boost rent and what to avoid. I’ve put plenty of offers down subject to pest and building. Get the p & b done and than go from there. What areas are you looking at?

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]

September 4, 2016 - 11:26 am

Hi Amanda its definitely possible to invest on a low income. Your best bet would be to see a broker who will be able to work out your borrowing power. Corey Batt or Colin Rice from on here would be able to help. From there you can work out a plan moving forward. Are you looking specifically for cash flow or capital growth? You can have both its just a bit trickier. Good luck and let us know how you go? :)

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]

August 21, 2016 - 12:12 pm

I’d imagine he would need to be licensed otherwise your insurance may be voided. I’d do some thorough investigating before hand.

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 27, 2016 - 9:54 am

Benny has hit the nail on the head. I literally can’t remember the last time I had cash in my wallet. It’s all sitting in offsets

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 24, 2016 - 1:30 pm

I’m currently purchasing in Adelaide at the lower end of the market for cash flow and a bit of sweat equity. I think Adelaide will be a steady performer. I haven’t looked much at Brisbane as I think the ship has already sailed for. If you end up looking at Adelaide DT and Corey Batt from on here are locals so maybe pick their brains for information. Good luck with it all :)

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 24, 2016 - 11:39 am

What are your goals? Cash flow short term growth long term security etc

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 21, 2016 - 6:19 pm

As others have stated offset account is great for having flexibility. Also if you can get to 88 lvr the lmi drops a bit. Congratulations on your first ip when’s the second, third and fourth coming :)

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 3, 2016 - 11:38 am

They tend to let these type of things settle and see how it affects the market over a longer period of time. I don’t see a drop happening this tuesay although it would be good :)

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 10, 2016 - 9:28 pm

Corey Batt from Precision Funding is well regarded from these forums. I’ve used him multiple times before. Hope this helps :)

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]

April 1, 2016 - 9:36 am

What if negative gearing gets abolished?

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]

March 23, 2016 - 10:44 pm

They do legally. Whether they do it is another question entirely :(. Next time it happens let the agent know you will be contacting the owner to confirm they offer was passed on, think of it as a empty threat. I imagine 99% of vendors don’t want to talk to someone especially if they are lowballing. Might kick the agent into gear though, to pass it on. Did you try and sweeten the deal with shorter settlement etc?

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]

March 19, 2016 - 11:45 pm

There are plenty of opportunities with current interest rates to be cash flow positive with as little as 10% deposit. Regional and Capital city minus Sydney/Melbourne/Perth markets unless you know what your doing. Depends what your risk appetite is though. I personally would split it into as many deposits as possible, more fingers in different pies. You don’t want too much equity tied up with one property. Flips are very dangerous in this market so be wary of that. Hope this helps just my personal view.

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]

March 17, 2016 - 2:23 pm

Also if you do buy in your personal name. Make sure you use offsets to help pay down your loans not just putting money off the loan. If you redraw to reimvest it won’t be tax deductible.

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

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