Postive geared property.

you can either… beleive what a real estate agent says … (YEAH RIGHT)…..
Or research yourself to find the truth.
Cheers
Kiwi [baaa]

i have to agree, you asked the wrong person, they are out there

have fun

clones,clones,clones
I must admit i enjoy reading your posts put sorry to tell you, you are wrong but ha thats my view.
yes there are no posi properties that are hanging off that tree you must make them I am about to get a deal across the line for 30 units that are not built yet that are in the center of Sydney( and its the most expensive city in Australia and from all reports is going backwards) so they say put the rent covers land build construct and legals with 400sq comm as icing on the cake.
and herks with all due respect tell the real estate to find another job as he has not got a clue about real estate.
not sure his group but laing and simmons,hookers,c21, franknight,colliers wont have the same view.
why you ask because they tell me and send them across my desk each day.say to a bird gogger or australian househunter that there is no such thing if there isn’t why are they there I’ll tell you why because there are.
just get off your !!!! and start looking if they guy you talk to new there was, he would have under his name on his card property developer/investor not blimp

here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]

Hi Herks if u r just starting out as it sounds u r then go to a library or down load from this site what negative – neutral and positive gearing is all about.

Opinions r like belly buttons – every body has one – do your research and find what your passion will be for property investing.

Property is more than just houses and positive gearing comes in many forms and based on many varieties of caculations.

Good luck on your journey – you will succeed in life when you r committed to your out come -regards resiwealth

One of my eight agents keeping an eye out for me just sent me two properties – both shops – both 11km from the Perth CBD in a good suburb…..how do I know the area is good…..hell it was the one I grew up in 20 years ago.

They are too small for our group so happy to pass on the details to anyone that asks nicely.

One is 190K….rents for $ 307 p.w. 3 year lease with a 3 year option. Only 5 months into the lease. Tenant pays all of the outgoings, so that $ 307 p.w. is in your pocket.

The other is 230K….rents for $ 375 p.w. 3 year lease with a 3 year option. 18 months into the lease. Tenant pays all of the outgoings, so that $ 375 p.w. is in your pocket.

So, 420K gets you $ 682 per week in rent. 100% loan should cost you about $ 590 per week. The other $ 92 per week is clear profit.

Anyway….do with it as you will. Tried to pass it onto my father who immediately dismissed it outright without even knowing the price or rental figures ?? Reckons commercial property is for losers.

I got a tad angry and so am happy to palm it off to someone else. Hey Jenny – weren’t you looking for something like this ???

Never ever ever believe true +CF properties cannot be found in the city somewhere. The figures get way better when you start getting into the good stuff, but it’s a start…..and you won’t have to put up with whinging residential tenants or tribunals either.

Hi Dazzling
I’d be mad not to ask you for the details! I’d greatly appreciate it if you could forward them to

[email protected]

thankyou

Troy

Before everyone jumps on to these deals, remember that its minimum 30% deposit & you’re paying around 7.5% interest and 15 year P&I type loans. You could probably get 5 year Interest only but not sure if you need to jump serviceability or other credit hurdles. Any broker who would like to enlighten will be much appreciated.

Also for that kind of $, I don’t think it will be that big a piece of dirt you’re picking up (perhaps thats why Dazz is happy to let us fight over the scraps)?

Do your research, its not without its risk. I have a building – 2 shop fronts with 2 x 3 bedroom units upstairs. Net of 9.5% including agents comm with resi upstairs so pretty good deal but just found out last week that one shop is intending to close its business. Just unfortunate for the business – perhaps I didn’t do my research enough but can still service loan without that rent. Lease on that shop was sewn up for 3×3 with 2 year to go. We’ll see what happens, agent says should be able to find new tenant to assign lease or tenant pays the difference – fingers crossed. Welcome to the world of CPs.

I’d go so far as to say that any business venture, no matter what it is, property / shares / fine arts / options / you name it, is very risky for absolutely anyone with no knowledge in the area in which they are investing.

If you are putting your money into a deal where you don’t know what you are doing, you should expect commensurate results.

The people on this forum who have been enquiring about non-residential properties appear to be a little more savvy than what you give them credit for.

Clones
people sell all the time for many reasons.
Dazzling is simply providing details and those interested need to to work out whether in fact this is a good deal.

From my limited experience I would only be interested in IIP/CIP that can accommodate a reasonable size business.
This may be a simplistic approach, however If the business is too small they either go broke or upgrade and to larger premises, either way will effect you.

Hi asdf, we have in the past used low doc for industrial property, interest only.

Cheers, Marisa

Commercial is great in heaps of ways ,but a few things to keep in mind:
usually costs a 10% of the annual rent (gross) to find a new tenant(agents fees)
The landlord now has to pay for his own lease expenses(Solicitor etc) (since 7/05)
You have to pay all the outgoings while no tenant(Can be Quite expensive depending on area and value of prop)
as spoken before LVR is higher on loan (usually 25 to 30% deposit reQd.)

We’ve got 70 yrs on planet earth,Lets make the most of every day!