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- Jamie M wrote:It all depends on Keiko's individual risk profile. Given that he/she asked about high LVR loans in the original post I'm assuming that he/she is wanting to take an aggressive approach towards investing. If that were the case, that 20% deposit could be spread-out across multiple smaller deposits to secure multiple properties within a short space of time. By taking out higher LVR loans (90 or 95 +LMI) and using more of the banks money, Keiko could commence building the portfolio quicker. They could also add value to these IPs, with the potential (depending on the future value) to tap into some equity later on. Obviously, this approach wouldn't suit everyone, particularly cautious/risk adverse investors would would prefer to avoid LMI and contribute a larger deposit. Cheers Jamie
Nicely said, yes I am looking at a more aggressive approach this year, so there for looking at doing higher LVR's than previous, It is a bit of a experiment as well, so see if it ends up working out better than how I normally invest.
What the.
4 years is crazy, and to be getting charged advertising fees is also off, what advertising are they doing for $1000
try this company, they will not charge you advertising fees and they do a good job http://www.queenslandrealtygroup.com.auI would think seen as he has just lost his house he is more than likely shaking in his boots especially at the age of 70, He is more than likely wanting to pay 12 months upfront so that he is secure and he knows he is ok for 12 months, and maybe he owes other money somewhere else and its possible it will all be taken off him, but seen as he will pay you 12 months, they can't take this and once again he feels safe and secure
Hi Wendy,
How big were the units going to be for this price?
Are they single level?
I have a similar block of land that can be split
How easy is it to get a loan with an LVR this high?
Most commercial property on the Gold Coast is listed for sale anywhere from 8-10% but just remember this is the listed price, you would be surprised with the actual sale price on a lot of these properties 11-12% return, which would bring your building in at less than $1.6m,
Don't forget you have a purchase price of $1.6m and also a stamp duty fee which will be about $90,000 on a $1.6m purchase which you will also need to recover
So now your purchase price gets closer to $1.7m and your onsale price may end up being a lot less than this.
Big question, has it been on the market very long??
If someone does a search on the tenant you have lined up, will they fined that this tenant is stable or possibly shakey and may not have much dollars, equity etc??
