You mentioned the VFA is working with the Gov’t about Title of the property.
I’m assuming you mean to get the title into the wrappees name.
Why?
What about protection for the wrapper. They are the one’s who have put 20% down, payed stamp duty and gotten a mortgage over the property. They also guarantee it, putting their own assets (ie.…[Read more]
“The vendors warrant that all fixed household appliances, electruc light fittings, heaters, air conditioners, and other associated items are in good working order. They further agree not to remove or substitute any of the same, including curtains and drapes, between the time of purchase and…[Read more]
Finnie, one of our goals is to be in a position where we can work less in our jobs.
It helps if your partner has the same goals or is supportive of the idea. Bouncing ideas off each other and keeping each other motivated will help drive you to success.
At $375 per month, the rent sounds a little low for that area. I’m in a shopping centre about 5 mins away, and the rents here are higher and with less traffic.
It looks like they’ve based their sale price on roughly a 7% yeild.
The thing to do would be to compare rents for other shops in the same area. At a guess, I’d say it would be at least…[Read more]
Spacious open plan living. Ample car parking area underneath. Solar heating for those cold winter nights. Small deck area for hosting BBQ’s. Magnificent 360 degree views. Excellent television reception.
Would suit first home buyer with an interest in mountaineering.
We’ve shared our plans and what we’re doing with family and friends.
Some of the comments that have come back, have been like, “Well, good luck with your get rich quick scheme”, “Good luck getting into debt”, “You’re going to get burnt so badly” or “I hope you do well, I could never do anything like that. The thought of losing my home is…[Read more]
Even though you are both in a higher tax bracket, don’t let this stop you from increasing you property portfolio as you can decrease you normal job slowly and then both of you can eventually stop work and become fulltime property investors and not be tied down to the typical JOB.
The only thing that negative gearing would do is keep you…[Read more]
we are also at 0 but not for long. We plan to buy 10-15 properties within 12 months, we have attended both of Steve’s seminars this year and are just gearing up to take the plunge within the next month…..[] Pretty scary stuff but very exciting…..
Great work Slum Lord, you give us all the confidence to jump right…[Read more]
I have been around this forum for a few months and I have learnt that their is more than one way to get started, you need some money to get started and it is preferable to have a permanant income when starting out, as the banks don’t like giving out Mortages without a steady income. I have learnt alot just looking around this website,…[Read more]