Me again,

With regard to leasehold, make sure you target property with a 999 year lease. Most property I have pencilled in are both lease and freehold. The leasehold property has on average 900 years to run. The is a nominal 2 pounds payable per year on these lease hold property.

Property purchase prices.

I will be able to implement my…[Read more]

Try these for size Greg,

I’m targeting my buying within areas of government regeneration. These areas are regenerated over about a 14 year period. Salford Quays is a good area to look at what can be achieved and a current area is Burnley/Nelson.

http://www.burnley.gov.uk
http://www.salford.gov.uk

Also try http://www.clickanduse.hmso.gov.uk

For neighbourhood stats…[Read more]

Hi Brendon,

My home work found this to be the best for my position.

Fund the 1st property from Australia. This then shows that the first property in UK has no finance on it locally.
From there I seek a mortgage to 80% of the new valuation, after I have done some refurb, curtains, carpets and have a tenant in place so the property shows an income…[Read more]

Hi Misty,

As an Australian citizen/resident you can purchase property in the UK.

You can also purchase/refinance property as an individual or through your company/trust.
If you purchase through your company/trust it takes some more time to refinance properties as against in your own name.

Regards

Afloat – head above water

The properties are both freehold and leasehold. Lease hold is is 999 years, which are treated equally to freehold. This is important as the lenders have no problems with free or lease.

Comfort zones on the other side of this planet absolutely scare many people, especially in property. I believe that they are just not prepared to put in the time…[Read more]

Hi Craig,

You asked “where” to look.

Well I’ll give you an answer – Manchester UK

Regards

Afloat – head above water

I’ll stick me head on the block,

I returned last nite from the UK after a 2 week fact finding mission.
There are many deals in the Manchester region of UK – FACT!!

When it is a business decision, think with the head and not with the heart.

I’m not sitting still on this one.

Regards

Afloat – head above water

Soooo much can happen in a day/week.

I’ve got this between the short and curlys and am off!!! I’m armed with list and I’m off to the other side of this planet.
Fly out Sat nite and will be spending 3 weeks on the land of cool. Back on another plane! Go and do more digging!

Yes, Russ I’m getting off my butt again!

head above water

Afloat

Argh the good ol sceptics, the world is full of them.

I am always looking at opportunities with an open mind. Just like property, borders and boundaries seem to hold soooo many people back. I know that they are just getting beyond their comfort zone.

Imagine if more people investigated opportunities before dismissing them!?! Yes, there are…[Read more]

All the properties are in Manchester, UK – pop 4.2 mil. Capital growth is good and the demand for rental property seems constant, mostly working class types.
(I’ve been talking with family overnite who live in Lancashire)
We are doing searches on the UK company now, so far they haven’t had anything to hide, all my q’s have been answered.

I have been going over all the details with my number cruncher, legal eagle and mortgage broker.

You purchase the first property with either cash, LOC, equity loan or family/friends.

What you get for the purchase price is – the property, renovation, solicitors work, their commission. The property still comes in +ve c/f of about $40/ wk. You have…[Read more]

Hi adriannqld,

We just put 9 into a job recently, paid 620 each and 850 ea for install. Try the local wholesalers in your area, say your in the building industry and are looking for a top deal.
Transporting them in from Brissy may be an option, there are several dealers down there. Try Natural Cool Air – they may be of some help.

There is so…[Read more]

Hi Mysta,

Work on approx $45/ sqm. This would include steel, crete, boxing, bobcat and labour.
Saying that, it depends where the site is and what the local supply of lab & mat is. Thsi is the est for our area. 500 times 45 = $22500.
You get to know these things after being in the trade for 25 years.

Regards

Afloat

Hi Pisces,

OK, now that we know what we are talking about, “buying better”.
My opinion is to always buy better than the last property. I negotiate smarter, put in low offers to work to my numbers. Its all a numbers game, correct? then if the numbers work look further into the actual property.

If the market is getting tighter, re-evaluate your…[Read more]

Hi CJS,

Do your strategies say that you HAVE to invest in SEQ? Are you investing with head or your heart?

Have you spent enough valuable time researching your niche?
I found you can spend endless number of hours doing your homework, yet there must be time when you are comfortable with going to the next step, the actual purchase of your first…[Read more]

30 yr young property aye!! Did it check out with all YOUR guidelines to purchasing the property in the first place?

Who was it that told you that old places were better built? Do you trust this advisors advice?

head above water

Afloat

Hi John,
It is not hard to find the +ive c/f props once you have “taught yourself” how. It is like riding a bike or playing footy, it takes some learning. Some people are quicker than others, for me it was 2+ yrs to learn the game, then make my own guidelines!

Head above water

Afloat

What a good question,

I am not buying today because it is Sunday!!

Yet I an buying on Tuesday next!!

head above water

Afloat

My niche is buy at least 20-30% below FMV. Then we renovate ( I’m a registered builder as it also happens) and then after the tennent has been in for 4-6 weeks we refinance for the next property.

It really pays to have done your homework on your niche area and have a great team of people around you as well. Much like a football team, everyone has…[Read more]

I am a buy & holder and currently into our 6th since Nov 03.
It took me at least 2 years to fully understand my market and niche area. We did many “dummy” strategies until we sorted the best for our stiuation.
Everyone is different, aint we??
I always remembered that you had to think “out there” and then a little more and I spose we are now…[Read more]