I believe the changes to depreciation do not apply to investment properties.

I thought you needed to be a Licenced Real Estate Agent to do Property Management? If this isnt the case I might start offering this service up in the NT!

Missed out on the deal. It’s already under offer/contract now. Was only on the market a few days. I guess you really need to have cash ready the minute you find these deals.

Actually, I draw back of equity will probably be better.

Richard,

I am very interested in persuing this further with you. I can very likely come up with 15% of $430,000 as a deposit from the sale of one of my IPs in the area, and cover additional costs for the aquisition. Im not too worried about the higher interest rate as it will be an asset that will appreciate in value reasonably quickly.

Borg.

What’s the max LVR?

Hi Richard,

The figures are as follows:-

6 2 br units close to CBD asking price $430,000
Yearly income from rentals $57,000
approx gross yield 13.5%
area has shown 12-15% growth in last 12 months.

Borg

Mortgage Hunter,

Your wisdom on these forums never ceases to amaze me.

Borg

As far as I am aware a “captive rental population” is where Demand outstrips supply. EG there are more tennants than there are properties available. This creates pressures in the market… sometimes this means that rents go up, or that tennants may be more willing to sign a longer than normal lease, in order to secure a place to stay. This is just…[Read more]

When Im asked my price range, I usually say that I’m chasing the return and not limiting myself to a price range.

*BUMP*
Im interested in investing with this Joint Venture in the USA. Is their any further info available?

Thanks,

BorgInvestor

Swifteagle,

Positive Cashflow property straight off the cuff is a rarety indeed at this point in time. EG:- buy a property for $100,000 and rent it out for $200 dollars a week.

There are however, opportunities around where you can increase the value of the property through rennovations or additions that can increase the base rental to nudge your…[Read more]

Im currently with Wizard home loans for all my loans, who dont tend to loan money that isnt secured against a property. I’ve been referred by them to TIO, who apparently are quite good with commercial/business loans.

I’ll let you all know how I go this coming week.

Thank you all for your replys. I very much appreciate your insight into my situation.

Mortgage Hunter:- with a top up to 95% of all properties I have access to approx $120,000. 120k is an estimated value based on the current value of all IP’s and PPOR combined and multiplied by 95%. I’m under the impression that this can then be capitalised up to…[Read more]

Up to $9000 Pos Cash flow p/a so far. Going strong!

Borg

Hello there!!! Before you make any decisions I suggest you read a book called “Rich Dad, Poor Dad” by Robert Kiyosaki. Very enlightening book, and good advice too. (I have a loaner if you want it)

Borg

I have lived in Darwin since 94. The market has really heated up especially in the last 12 months, and Palmerston in the last 6 months. As we are still well behind many of the other capital cities as far as price goes, it doesnt look like the market will level out for a while yet.

Borg.

I’ve been to Mt Isa on my way through to other places a number of times. It’s main economy appears to be mining. In the last 12 months, the price has been pushed up across the board a fair bit. I can only summise that this has been due to out of town investors. You may find some good deals around there still. But I think (and this is only my…[Read more]

Im sure you’ll find some interest here on these forums… Can you provide us with details? Failing that you could always advertise it in the local papers.

Borg

I live in Darwin. Housing prices have surged ahead in the last 12 months in both the burbs, and Palmerston more recently. The last three auctions in Darwin have been interesting to say the least! I may be interested in a joint venture.

Borg