Ok point taken, so what do you feel would be a fair return?

That seems a bit steep. Unsecured loans are around 15% and secured loans are around 7-8% with ANZ.

If what your saying is the accepted norm then that would make repayments (8% bank + 12% investor returns) around 20% p.a. or around a $3000/month kickback to the investor, is that correct?

PS: If this opportunity is not something you can help with but you know someone who would, I would be happy to pay $2000 as a finders fee for a successful referral.

Thanks for the responses guys, to clarify:
– The business has gone extremely well renting out office space to other small business owners, and as a whole this concept of co-working spaces has grown exponentially over the last 3 years.
– I run Your Desk (www.yourdesk.com.au) and over the past 3 years we have built up to offering 80 desks, with a…[Read more]

I love the idea ad have done some research on how it would hold up. Overall the best designs seem to be shipping containers incorporated into a more holistic design.
 
Check out: http://www.pinterest.com/carlrsullivan/shipping-container/

Your correct Marty, I am looking to see how much money the vendor can leave in the deal, as this will make it more viable. At this stage i am approaching it with a strait property option with a provision for both early access and ability to undertake renovation works, failing that i will reattempt the same thing with a second mortgage carry back…[Read more]

Thanks for the tip.I am hoping however to find a private investor not so much a mortgage broker that will offer bridging finance at exorbant costs.Anyone else have any tips on private investors and where to find them?

Just wanted to clarify if there is there another method where you can get Names and/or address' which is not in breach of the privacy act?For example many of the occupants of each building are renters, not owners. Would it still a breach of the privacy act to source their address (say through the white pages) using the names of RP data but do not…[Read more]

speak to a real estate agent who should be able to use RP Data to find the name for you

Carlin,personally I prefer the wooden floors, they are comparable in cost (depending) and if done correctly can provide the same acoustic properties as carpet.I just finished my apartment with the clicklock flooring system and so far there has been no issues. Personally i believe that the issue comes down to choice of materials and the existing…[Read more]

Esentially the idea was to where possible help him make the most of the current FHOGS with the boost. Yes we would be investing in it together, but as you point out I cannot be a joint owner because then he loses the FHOGS for good, consider me more of an off the books silent partner.At the end of the day the FHOGS would contribute around $25k to…[Read more]

i guess the question i have is:Can i obtain a deposit bond secured against future cash of my parents or do they need to obtain the deposit bond on my behalf?In either case can anyone suggest a good deposit bond vendorCarl

the new property will be both, we can live in the back section while the reno is going on, probally hold onto it for 6 months to avoid capital gains tax and then sell it and use the profit to build on the back section of the property another 2 town houses.As for income:my parents $180,000me $40,000

Cheers for the reply, i guess my major problem is i have read all the books avaliable for Aussie property investing (and other forms of investing). I have a great knowledge of my market area (i work in construction majoring in market analysis and valuation).

But your right, i gotta get rid of the cc before moving on, cheers for you comments.

Carl

Lesia,

i dont know what your strategy is, or budget, but there is a great oppertunity for renovations in Sydney granted if you have $1 million or more to invest.

The most basic formula that still applies in the Sydney market is extensions, try to find a house that has adequate space for an additional bedroom, or alternativly find a property…[Read more]

Lesia,

i dont know what your strategy is, or budget, but there is a great oppertunity for renovations in Sydney granted if you have $1 million or more to invest.

The most basic formula that still applies in the Sydney market is extensions, try to find a house that has adequate space for an additional bedroom, or alternativly find a property…[Read more]

hey Mytch,

just shoot through an email for you.

Carl

Young people have experience as well