Hi all
One thing that I have learnt over the years is that people in a professional group talk to one and other about the clients they deal with. The good, the bad and even the ugly. It does not matter that they work for a different firm they still talk to each other. The last thing that you want to do is bite the hand that feeds you,…[Read more]

Hi Byron Sam. I’m new to this forum and admitted freely that I do not know all the jargon. Would please explain what is a “risk downside of over 40%”.
Regards Bofclark

I also went to the MasterClass in Brisbane. Thought the day was great for people starting out and also had information that was new to me and that I will benefit from. I would just say that education is important but can be a comfort zone. You have to get into the game to make it pay. All the best to you and your future investing

Only one way to find out; ask a lender such as a Mortgage Broker or bank. I was 18 years old when I got my first mortage with my brother for our first home. Age should not stop you if the bank accrpts the risk of the deal.

Hi Yesterday I attended MasterClass in Brisbane. I had a brief chat with Mark Unwin. Mark is a chartered accountant in Victoria and presenter at the MasterClass. I would have no problem having an accountant in Victoria. Today we have the internet and all you need to do is talk with your accountant. I value the professional services of someone…[Read more]

Hi ridi,
I think that your idea has legs. One of the ways to make a loss from property is to have it stand vacant. Vacancy is death. I have always tried to look after the tenant. Be prompt in dealing with their requests for repairs and adding small items such as sensor activated door lights. One of my properties I have had for ten years. In…[Read more]

Hi Kid

Best thing I ever did was find a bank manager who seemed to have confidence in what I said I wanted to do. This bank manager helped me be creative when seeking money to finance yet another property. Talk to the bank manager ask them what they want to see from you in order to loan you money. I think it is more important to find the right…[Read more]

I am currently renovating a house to accommodate students in order to rent it by the room. I have a friend/business partner who has his place up and running and is very happy with the returns. Much better than the rent he was getting when it was rented as a house to students. The best advice is to manage your property. Interview and select the…[Read more]

Sounds to good to be true. Why not offer the tenant $50.00 to show you his recent rental receipts to confirm the rent. You could also ask them if they are happy to stay and how long they have been renting the property. If the figures are correct buy both.
Happy investing regards Bofclark