Forum Replies Created
Hi Michael,
Your message was sent to my junk mail sorry
I have replied with my number f you did not get it let me know and I'll try again.
Happy days
Beck
Hi Kancab,
It is essetially vewry simple; you rent a property (let say for $150per week) form person A (the owner) with the option to buy it for an agreed price (say $200,000) and then you sublet the same property (for $200p.w) to person B (the purchaser) with an option to buy it at an agreed price (say $250,000).
Hope that helps
If you would like some more help please feeel free to shoot me a email and we can take if from there…
Happy Days,
BeckHi Furnz,
Well that is not a simple as just giving you an answer to one or the other.
It will depend….. (of course it will).
If you move into the one of the properties I am sure you know you will lose you tax benefits, this in not a good enough reason to invest in the first place but as you are already in this situation you need to decide what you want to get out of the property.
Is it cash flow (they don’t sound like they are positively geared)?
Is it capital gain (punters game)?
The most valuable thing or major thing I got our of Steve’s books is that it is up to YOU to create the value in your investment. This is a major reason why so many people get into property vs. share as they can ADD / CHANGE / DIVIDED etc.
As P & I Vs I only.
If it is for investment proposes why you would want to pay principle payments unless it is like a force saving plan or to build equity faster. I would go for interest only but again ask yourself why am I doing thins and you will have your answers.
Happy Days,
Beck
Hi Loveinvesting,
My pleusre. As for what you can do… don't get yourself into the situation in the first palce. DO your own reseach by calling local real estate agent looking up rental in the area. I feel buyers agents are for people who have a high income and don't have the time or desire to look or do there own work. From your name I think you enjoy the process. All you have to do is start like you have.
Happy Days,
Beck
Hi Emilov,
Have you ever thought of doing a JV. That is bring in someone who has the money and you put the deal together. You see you do that on his/ hers financials so there is no limit to the number of these you can do.
Or the second thing you might want to consider is get the seller to finance you for a period of 2-5 years and then you can refinance them out….Hope that helped.
Happy Days,Beck
Hi Loveinvesting, welcom to the site.
I have talked to Spiro the director of Cash flow Capital but did not find enough value in my opinion for what they are proposing. If I recall correclty they charge something like $500 up front and they credit it against their commision which is 2%of the buying price.
After looking at what htye have in stick and working on the figures I d idn't see how benifited me. Unless of cours you wnat the lazy way….. I beleive that if you a bit of time on your hand yu can do better than what they are offering without all the fees.Happy Days,
Beck
