Stinga59, let's get in touch. I'm all about setting people up for a better retirement, through ten year property deals, using cashflow positive property, and buying with your super! Send me an email, we should talk.
Who says Cashflow positive houses don't exist? You just have to think outside the square. Dual Occupancy. Ben.I help people buy property with their super.benc@cbpd.com.au0401 054 793
Newbie, I couldn't agree with you more. Before I had bought my first property, I came very close to getting snaked. It was a horrible feeling.I went to one of those free seminars that advertised about learning how to create wealth. I was keen as to get started, so I went along.When I got there I was surrounded by a crowd of about 30 people, an…[Read more]
Terry's right. I agree with him 100%. To expand on his points a little:There are some good strategies out there involving SMSF and property, but I would still hesitate for a few reasons:1. Equity can't be accessed. ie once growth kicks in you cannot increase the loan.This is true, at least for the moment. If one was planning on doing a 'Jan S…[Read more]
Anyone can live off equity right now if they really wanted to. It's all relative to what level of lifestyle you wanted. Move to india. They live on 500 bucks a year over there. …I'm just sayin'.
Hmmm…. That's still doable, if you wanted to get yourself a really basic, small, and tiny investment home out in whoop whoop. Something that was about 70 grand. If it was me, I'd still be looking to use it to it's potential if I could. Otherwise, not so much you! Unless you were nearing 60, then I'd have HEAPS to say.
Hey Wyeth,Sounds like you're off to a good start with your deposit. You might also be interested to know that if you have any super sitting there, you can use it as a deposit to invest in property, and avoid paying capital gains tax.Also, if you're looking for a cashflow positive house, I have contacts that can get you one through creating d…[Read more]
Pete, I'd recommend reading Steve Mcknights books for a start. He'll have you convinced of buying cashflow positive properties from day one, and avoiding negatively geared properties as much as possible. I plan on never buying a negatively geared property, ever. I still plan on buying many positively geared properties. I'm going to do it through…[Read more]
Oh, I also forgot to mention, if you're looking for a cashflow positive dual occupancy home, I can tell you where to get one. I'm currently in the process of doing a deal with a developer/builder to get in before he even puts his stock on the market.benc@cbpd.com.au
Try this one on for size newbieinvest,Do you have much sitting there in your super fund? It's actually possible to get yourself an investment property using your super fund. There are a few things to consider first though.1, banks will only lend 70 percent of the loan against a super fund, and they don't want to play unless you can find a cas…[Read more]
Here's a thought… dual occupancy properties. I just built one for myself. it cost me 410'000 for the house and land package in hillcrest qld, and is going to pull in approximately 6-700 per week, once I move out. I am renting out the second half for 300pw, and when I leave, I should be able to get 350 for my half. I'm currently in the process…[Read more]