Total Members: 158,200

westnblue

  • westnblue replied to the topic Thankyou Steve Mcknight ! in the forum General Property 6 years, 10 months ago

    Thanks :)

    Always like what donald trump did when he was younger – Buy an old hotel and renovate, but lease to permanent tennants. Bottom floor offices and top residence.

  • westnblue replied to the topic Thankyou Steve Mcknight ! in the forum General Property 6 years, 10 months ago

    Thanks :)

    Always like what donald trump did when he was younger – Buy an old hotel and renovate, but lease to permanent tennants. Bottom floor offices and top residence.

  • westnblue replied to the topic Thankyou Steve Mcknight ! in the forum General Property 6 years, 10 months ago

    Was back here to get my profile pic and saw my old post.

    I still remember how excited & proud my mum was to see her son in a magazine – of course she showed everyone.

    Ive hit 50+ properties this year but more in brisbane & sydney suburbian areas – its very unlikley will buy any more in regional towns only beacause i dont need to anymore.

    In…[Read more]

  • westnblue replied to the topic 180k – Buy what and when? in the forum Help Needed! 8 years, 5 months ago

    Personally I would pay 20% deposit on all properties either in equity or cash.

    When you have 2 or 3 properties it is ok to cross them, just make sure the loan has a switching facility so when your loan security goes up in value you can do a partial discharge and release the second security.

    Look for properties that you can immediately add value…[Read more]

  • westnblue replied to the topic Banks new servicing from July 2015 in the forum Help Needed! 8 years, 5 months ago

    UPDATE: Rams has taken 80% rental income.

  • westnblue replied to the topic Banks new servicing from July 2015 in the forum Help Needed! 8 years, 6 months ago

    Thanks. Ive tried to avoid smaller lenders but it looks like the best option short term until the big 4 change their policies again.

  • westnblue started the topic Banks new servicing from July 2015 in the forum Help Needed! 8 years, 6 months ago

    Since July 2015 banks have been changing their policies for investment loans.

    For example CBA now has 6% servicing on value of property and 20% loading on all existing loans. So if a property is worth $200,000 The bank will only use $12,000 p/a for servicing even though the property may get $18,000 p/a effectively wiping $6,000 p/a of income per…[Read more]

  • westnblue replied to the topic Park Ridge QLD, 4125 in the forum Help Needed! 8 years, 6 months ago

    I bought 4 units there end of 2013. Even though the values have only increased by ~$30,000 each, the rents on each have increased by $55 p/w each.

    Regarding growth corridor. It is a smaller one than Gold coast to Brisbane corridor but still has a ton of future potential.

  • westnblue replied to the topic Invest in Brisbane properties …need help with local QLDerrrrr in the forum Help Needed! 8 years, 11 months ago

    Pretty much any houses around low $200k will do well in next 18months.

    Im buying anything in that price range without too much consideration for equity growth as it will be automatic for the short term.

    South : Limit beenliegh
    North: Limit Caboolture
    East: anywhere (except eastern islands)
    West: Limit Carol park

  • westnblue started the topic Cost to Duplex in the forum Help Needed! 8 years, 11 months ago

    I have a 4 bed house in Brisbane south side and want to duplex it.

    Just wondering if anyone has converted a house to a duplex and how much it cost?

  • westnblue replied to the topic Loan on 23 metres squared? in the forum If you have 20% deposit and 10 years ago

    If you have 20% deposit and stay away from Mortgage insurance you can. But considering its student accommodation you may need 30% deposit.Also would be a big help if its for both students and residents like Shafston mansions in Brisbane

    I use Commonwealth bank to finance these in the beginning.

    Studios can never compete with a 2 bed unit in…[Read more]

  • westnblue replied to the topic Thankyou Steve Mcknight ! in the forum General Property 10 years, 3 months ago

    Freckle wrote:
    He's leveraged to the gills with circumspect valuations. Darryls in that very dangerous phase where he's waiting for equity growth to reduce leverage to a point that is sustainable long term. His $200k earner is gross TO and will in the main be consumed by servicing.

    It's the most adverse risk profile you can have as a PI. The…

    [Read more]

  • westnblue replied to the topic Thankyou Steve Mcknight ! in the forum Freckle wrote:He’s leveraged 10 years, 3 months ago

    Freckle wrote:
    He's leveraged to the gills with circumspect valuations. Darryls in that very dangerous phase where he's waiting for equity growth to reduce leverage to a point that is sustainable long term. His $200k earner is gross TO and will in the main be consumed by servicing.

    It's the most adverse risk profile you can have as a PI. The…[Read more]

  • westnblue replied to the topic Thankyou Steve Mcknight ! in the forum General Property 10 years, 3 months ago

    Freckle wrote:
    He's leveraged to the gills with circumspect valuations. Darryls in that very dangerous phase where he's waiting for equity growth to reduce leverage to a point that is sustainable long term. His $200k earner is gross TO and will in the main be consumed by servicing.

    It's the most adverse risk profile you can have as a PI. The…[Read more]

  • westnblue started the topic Thankyou Steve Mcknight ! in the forum General Property 10 years, 3 months ago

    The person who inspired me to get started in investing. Inspiration was all i needed to get going – someone to show me the path.

    I meet you at the Brisbane update and you signed my tatty copy of your first book – my investing bible for many years.

    You’ve not only helped me create financial independence – in return I have been able to help my…[Read more]

  • westnblue started the topic Thankyou Steve Mcknight ! in the forum General Property 10 years, 3 months ago

    The person who inspired me to get started in investing. Inspiration was all i needed to get going – someone to show me the path.

    I meet you at the Brisbane update and you signed my tatty copy of your first book – my investing bible for many years.

    You’ve not only helped me create financial independence – in return I have been able to help my…[Read more]

  • westnblue started the topic Thankyou Steve Mcknight ! in the forum General Property 10 years, 3 months ago

    The person who inspired me to get started in investing. Inspiration was all i needed to get going – someone to show me the path.

    I meet you at the Brisbane update and you signed my tatty copy of your first book – my investing bible for many years.

    You've not only helped me create financial independence – in return I have been able to help my mum…[Read more]

  • westnblue started the topic Thankyou Steve Mcknight ! in the forum General Property 10 years, 3 months ago

    The person who inspired me to get started in investing. Inspiration was all i needed to get going – someone to show me the path.

    I meet you at the Brisbane update and you signed my tatty copy of your first book – my investing bible for many years.

    You've not only helped me create financial independence – in return I have been able to help my mum…[Read more]

  • westnblue started the topic Thankyou Steve Mcknight ! in the forum General Property 10 years, 3 months ago

    The person who inspired me to get started in investing. Inspiration was all i needed to get going – someone to show me the path.

    I meet you at the Brisbane update and you signed my tatty copy of your first book – my investing bible for many years.

    You've not only helped me create financial independence – in return I have been able to help my mum…[Read more]

  • westnblue started the topic Thankyou Steve Mcknight ! in the forum General Property 10 years, 3 months ago

    The person who inspired me to get started in investing. Inspiration was all i needed to get going – someone to show me the path.

    I meet you at the Brisbane update and you signed my tatty copy of your first book – my investing bible for many years.

    You've not only helped me create financial independence – in return I have been able to help my mum…[Read more]

  • Load More

westnblue

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
158,200

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!