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So now that the general election has been, what do we think of the market? The news seems to suggest the market picking up again. What are your thoughts? Has the bubble been sufficiently deflated by now?
Cattleya
Here to learn the ropes of property investing & share knowledge, not trying to sell anything at all.
Hi Lisabellan,
Your scenario is indeed called cross collateralisation, which according to Investopedia:
Cross collateralization is the act of using an asset that is currently being used as collateral for a loan is also used as collateral for a second loan. If the debtor was unable make either loan’s scheduled repayments in time, the affected lender(s) can eventually force the liquidation of the asset and use the proceeds for repayment.
It can be dangerous because there is a clause in there that says the bank can force you to sell all properties even though there is only 1 ‘troubled’ property. But does not mean it is a bad strategy, so long as you understand the market, the fine prints and manage your risks accordingly. Remember, Luck favours the brave and risks commensurate with high rewards / losses.
Having said that, please let me explain further. Cross collateralisation is usually taken when the market is bullish ie. there is high chance of property price increases. If it comes down or if there is any other trouble that the bank thinks can only be solved through reducing exposure, they will ask you to reduce your mortgage balance (pay up a lump sum). If you can’t and you are cross collateralized, the bank has the right to liquidate all 3 properties A B and C.
It does not even have to be a real trouble, it could be perceived trouble. For example, all banks revalue their collateral all the time. If they foresee economic turbulence that necessitates reduction in property exposure, they will ask for a lump sum or liquidating the potentially troubled property. So the trouble does not happen yet… it is just what the banks see in the future. Your properties can be positively geared, but if the bank thinks one of them will go bad very soon, they may execute that special clause in your cross collateralisation agreement. I admit that this scenario is rare but it did happen in the US and Ireland during the GFC.
May be best to check the fine prints first and get a lawyer (preferably not a mortgage broker) to explain it to you. Not trying to scare you, just hoping to explain the risks further. Cross collateralization is a powerful tool if you can get it, but please make sure you know how to use it.
Cheers,
Catts-
This reply was modified 8 years, 3 months ago by
Benny. Reason: Salutation corrected to address the right poster - Lisabellan
Cattleya
Here to learn the ropes of property investing & share knowledge, not trying to sell anything at all.
Hi Benny,
My strategy is not on the options you provided.
Mine are:
– rough waters ahead, stock up on cash and make sure my finances are lean
– keeping an eye out to future expenses and cash flow
– also get ready to buy if there is anything ‘interesting’ comes upSo essentially – uncertain times ahead, lots of people going to get in trouble. So I am making sure I can survive it and if possible, take advantage of good opportunities coming my way.
Thanks,
Cattleya
Here to learn the ropes of property investing & share knowledge, not trying to sell anything at all.
Hi Wezwaz,
Interesting comment there:
the share market has never failed to reach a new high (check Japan’s market since 1989 and in Australia we’ve been waiting 8 years or so and we’re still a long way from the peak).
I do not mean to argue with you, after all I am trying to get interested in equities and other financial products.
Can’t the same be said for Property markets? Ie. it never fails to reach new heights. I think, in the long term, both markets behave in tangent. The difference is Property market takes a lot longer to react (due to the documentation and due diligence required in buying and selling) and therefore the volatility is more subdued.
Do you know any website like this for equities / exchange traded products?
Many thanks,
CattsCattleya
Here to learn the ropes of property investing & share knowledge, not trying to sell anything at all.
Hi Huilo,
Answer is No. But before people start accusing me of being dishonest, etc, please just ask the UK bankers.
My experience (ie. fact):
I was in the same position ie. buying London property in London. I put my Australian properties on the form with all the rental income and expenses. The UK mortgage manager told me to do another form without the information. So I cannot rely on rental income or expenses. This is also the experience of my other Australian friends here in London.What the mortgage manager looks at is your history of savings. My bank statements clearly showed significant monthly savings. That’s it – he gave me approval on the spot.
The same is also true the other way around. From London, I applied for mortgages with ANZ – The ANZ mortgage manager told me to re-fill another form to exclude London properties. However no property related income in UK is considered.
Applying Oz mortgage is actually very easy because all ANZ, Westpac, NAB and CBA have a branch here in London. Apart from the 9 hours time difference, the process is exactly the same like if you apply in Australia.So what I did, I emailed all the mortgage managers from 4 banks, gave them bank statements, payslips, rental history, etc and asked them to give me the lowest rates. ANZ was best, so I went with them. Trust me, if you have your finances in order they are very helpful.
Hope this helps,
Cattleya
Not here to sell anything, just to learn the ropes of property investing and share knowledge with other property investors on this site.Cattleya
Here to learn the ropes of property investing & share knowledge, not trying to sell anything at all.
Sorry… quick question, please… how does scrapped negative gearing present great opportunity? Is that because prices are expected to fall?
Thanks,
CattCattleya
Here to learn the ropes of property investing & share knowledge, not trying to sell anything at all.
Hi Attila,
I am also questioning it – students usually do not look after the property as well as professionals. Hence usually there is more wear & tear + maintenance costs.
To answer your question: yes it is best to focus on the cash flow and not capital gain. And hence careful / conservative cashflow calculation is really important, factoring in safety cushion for potential cashflow ’emergencies’ during the 5 years holding period. Only go with your 5 year hold then sell strategy if cashflow is robust.
Hope this helps.
Catts,
Here to learn the ropes of property investing, not trying to sell anything at all.Cattleya
Here to learn the ropes of property investing & share knowledge, not trying to sell anything at all.
Interesting questions. I obviously don’t know much, but here is a summary of what the bright minds of the world says:
1. Bank of England, millions of jobs (accounting, banking, insurance, retail sales, marketing, medics, police force, journalists, lawyers, etc) will be replaced by robots / machines in 20 years time. http://money.cnn.com/2015/05/13/news/economy/robots-threaten-jobs-unemployment/?iid=EL
Which means
a. there will be low employments, new graduates must know more than robots to get a job,
b. huge wealth disparity ie. the majority are poor needing government spending or charity spending to house and medical services for them
c. resentments towards the wealthy / middle class, they will be taxed even more essentially ‘punished’ for being wealthy
d. crime rates increase – gated community for the wealthy will be popular with their own security guards and infrastructure eg. garbage collection, etc and there will be more ghettos / public housing estates for the poor2. These people do know a lot, but the interesting / relevant analysis is about Oz’s trading partners China, US, Japan, Germany and UK 25 years from now. Also ISIS will persist, so there will be threats to national security. https://geopoliticalfutures.com/the-road-to-2040-a-summary-of-the-forecast/
Anyway, these are just forecasts so depends on your takes on it. But my thoughts are these:
1. For PPOR, make sure you are in the area where your neighbours are of similar social class, easier to band together to pay for private security / medical services / electricity / water / garbage collection / food or supermarket, etc.
2. For investments, depending on your strategy – for the poor or middle class? Smaller high density units are cheaper but you may not get paid, high maintenance costs, etc. And even if you invest in IPs targeted for middle class, if the location is full of poor people – you will still get problems associated with high density units. So again it is location location location with eyes towards the future.
3. The wealthy will be punished through tax, etc. Best to start accumulating through companies rather than individual names. Negative gearing will go as the government will eventually become more socialist (reflecting the vast number of labour voters)Life will be so very different than what we know now. Maybe just as different as the past – in 1980s banks use type writers, now computers make them so much faster and accurate; in 1980s Kodak was a big super power now it’s dead; in 1960s unmarried mothers were such a stigma they are now every where.
I don’t know… these things scare the shit outta me…
Cattleya
Here to learn the ropes of property investing & share knowledge, not trying to sell anything at all.
Another worrying article from BIS (=Bank of International Settlement aka the Central Bank of all Central Banks)
Quote: “…This provided a “telltale” sign that the financial conditions were reaching an inflection point, accompanied by large depreciations in emerging market currencies and slowing domestic growth.
“It is as if two waves with different frequencies came together to form a bigger and more destructive one”, said Mr Borio. …. But “confidence in central banks’ healing powers has – probably for the first time – been faltering” said Mr Borio. ”
Claudio Borio is the Chief Economist of BIS…
Hope this helps in determining your short term strategy,
Catts
Here to learn the ropes of property investing, not trying to sell anything at all.Cattleya
Here to learn the ropes of property investing & share knowledge, not trying to sell anything at all.
I have chosen to be on the sidelines for now.I believe property values in general are sky high right now. When looking at long term trends and property value fundamentals I think it is not the time to be in too much debt.Artificially low interest rates and international investors are keeping the property bubble from bursting for now but what will happen when interest rates start to climb and the government clamps down on international investors.With signs of economic slowdown i.e China stockmarket crash and economic slowdown, low commodity prices, Australian stockmarket heading towards bear territory, also tightening of credit to investors, apartment oversupply.Not to mention that real estate prices are out of reach for most first home buyers.Forgive me for sounding extremely pessimistic toward investing in real estate, I would love to hear from some investors who feel the same way and also the ones who may think that I’m completely mad.
ChuckeyeAgree with Chuckeye… too much headwinds, so I am simply observing the market (Brissie and Melbourne) until end of financial year and then decide what to do next.
Thanks,
Catts
Here to learn property investing, not trying to sell anything.Cattleya
Here to learn the ropes of property investing & share knowledge, not trying to sell anything at all.
@dean – I said 3 of the top 4. The 3 are Euro Zone, China and Japan. The exception is US. I did say “..only US seems to be getting better.”
;)Having said that, at 0.5% there is not much ammos either before US get into negative territory like the Euro zone and Japan.
Cheers,
Catts
Here to learn the ropes of property investing, not trying to sell anything.-
This reply was modified 8 years, 8 months ago by Cattleya.
Cattleya
Here to learn the ropes of property investing & share knowledge, not trying to sell anything at all.
Don’t worry, it is just a reflection of market jittery re. US general election, Brexit referendum and other stuffs currently going on in the market. Underlying Australian economy is commodities and the index price has been going down >100bp since its peak in May 2014 ie. a whopping +/-50% drop! http://www.indexmundi.com/commodities/?commodity=commodity-price-index&months=60
The world is definitely not viewing Australia as a fundamentally save heaven, unless somehow commodities are back in the money. It is only short term until market is less jittery.
Cheers,
Catts
Here to learn the ropes of property investing, not trying to sell anything.Cattleya
Here to learn the ropes of property investing & share knowledge, not trying to sell anything at all.
Hi Alistair,
Agree that RBA will reduce interest rates to defend the economy. However, at 2% it is now, there is not enough ammunition to go round. As a comparison, just before the GFC the interest rate was 7.25% and the RBA reduced interest so rapidly – 6 times in a year – to get to 3%.
Mervyn King, the ex Governor of Bank of England, predicted another financial crisis and this time most governments do not have much ammos. We are now heading into negative interest rates where the banks pay for the privilege to put money in the Central Bank. Euro Zone and Japan already have negative interest rates and last month Alternative Bank Swiss (ABS) became the first bank to pass on this negative interest rate to its retail customer ie. the bank charges fees for customer savings. http://www.thisismoney.co.uk/money/news/article-3329324/Swiss-bank-ABS-hit-savers-negative-rates.html
What I am saying is, sure the RBA will reduce interest rate to defend the economy. But soon, it will impact the other companies and retail customers leading to redundancy, bankruptcy, unemployment, etc. If the economy is not healthy, there is no way house prices will be stable let alone going up.
Also, Australia is a small economy (rank 12 at US$1.4bil) such that if the big economies sneeze, Australia gets pneumonia. It seems like 3 of the top 4 might be sneezing very soon.
– Euro Zone as a whole is the biggest economy in the world, followed by US, China and Japan. Of all these 4 powerhouses, only US seems to be getting better. Euro Zone and Japan are already in negative interest rate, there is Brexit referendum in June, refugee crisis in Europe.
– China is weakening as well.
– Oil price is weakening – impacting Russian and other oil producers’ economies.I am not scaremongering, but depending on what happens in the next few months there might be another financial crisis. Might be bigger than the last one because it will be a sovereign default where the central bank cannot bail themselves out. Earlier this year, Deutsche Bank was in trouble and still is. And if it is another crisis, RBA with only 2% ammo will not be able to save the day for property prices. Might be a good buying opportunity, though. In the meanwhile, cash is king.
Fingers crossed nothing bad happens,
Catts
Here to learn the ropes of property investing, not trying to sell anything.Cattleya
Here to learn the ropes of property investing & share knowledge, not trying to sell anything at all.
Final updates re. the purchase.
Settlement was done and dusted on 9 Oct 2015. My first property ever in Brisbane.Signed the contract on 2 Sep – so the deadlines were:
a. 5% deposit due in 5 working days – this is because ANZ imposes a limit of $10k daily transfer.b. Building and Pest within 1 week – I missed this date because of miscommunication with my lawyer. I thought he was organising all the searches and it was actually written on the form that he suggested the buyer (me) to organise this one. So asked for an extension until 23 Sep, along with other searches.
c. All other searches and finances due on 23rd. Met this deadline no sweat. The searches were all the recommended ones plus pre-purchase valuation. I wanted to know whether an independent valuation expert would have vastly different view from the agreed price. The report came back at the agreed offer of $430k.
d. Settlement on 2 Oct. Missed this one because the loan docs did not arrive on time – I should have checked that the mail was express. Instead I was pre-occupied with tracked or signed for mail. Anyway, lucky the vendor did not mind to extend till 9 Oct and the loan docs arrived on Fri 2 Oct leaving enough time for ANZ to prepare for settlement.
Lessons learned:
1. Very very lucky to have a team of excellent professionals: lawyer, RE Agent, ANZ, valuers and building + pest inspection.2. Buying a property is like playing jigsaw puzzle with a lot of pieces. There is assessing market, get the right price, the right property, finances, legal matters, etc. I can try to fit all the pieces together or I can get somebody to do it for me ie. using buyers agent, mortgage brokers. But some ‘helpers’ are not necessary – I just need to make time and actually do it.
3. Everybody naturally looks after No. 1. Therefore, I only trust them if their interests are the same or at least not against mine. For example, lawyers / building inspectors – the fees are fixed and they are not linked to the vendor. I can trust them. Buyers Agents however, they naturally want to get as much money as possible, as fast as possible. So anybody who agrees to tie their fees to purchase price is blatantly stupid because the higher the purchase price the more money they get especially if they are buying properties the Buyers Agents themselves are selling.
4. Have to be very critical when looking at these people – a lot of them have no qualifications what so ever. This industry is highly unregulated – even ASIC cannot do anything.
– Given that membership to this website is open to all, it is easy to create ‘bogus’ customers and colleagues who then provide recommendations.
– Question everything they say. For example somebody says: Don’t do this and that because they are dangerous. But they do not explain why those are dangerous and yet at the same time you see successful people like Steve do these things all the time. Answer is, that somebody is out of their depth, doesn’t know what they are talking about. Why hire somebody who doesn’t know what they are doing?Anyway… good luck to all investors, hope you all get to financial independence safely.
Cattleya
On this website to learn the ropes of property investing and hopefully help other fellow investors along the way. Not trying to sell anything.Cattleya
Here to learn the ropes of property investing & share knowledge, not trying to sell anything at all.
Cattleya
Here to learn the ropes of property investing and hopefully help others along the way – happy to discuss anything. Not trying to sell anything, though also not trying to prevent professionals selling their services.Cattleya
Here to learn the ropes of property investing & share knowledge, not trying to sell anything at all.
Oops, I hope my comments have not ruffled some feathers. My sincerest apology if I have..
Can I please clarify my position:
1. This website is akin to bbq picnic chats among friends where more often than not the conversations are invariably about crickets, footie and properties where we all exchange ideas and knowledge.2. I’m not looking to sell my services, merely sharing my understanding and ideas. Like in a bbq picnic setting, the members will follow up the bits of information through ATO / ASIC websites or other official websites or with the professionals they eventually engage. Even if the information is correct and coming from a professional, it is usually followed up as well.
3. I do not need to get my details right all the time. When the time comes to execute my ideas, with the help of ATO/ ASIC/ other professional bodies and the professionals I engage, I will get it right.
4. Even Steve, in his books, provides examples that might be considered dangerous. But that’s not the point, isn’t it. It is about knowing our options, our financial strengths, risk appetite and choosing the best investment strategy. No Pain No Gain.
5. I find some (not all, mind you) professionals are very tight in sharing their knowledge – which is understandable given that this is what they sell. I explain as much as I can because my intention is knowledge sharing. Unfortunately what I share for free might well be in the area they wish to protect. Some simply say “It is very dangerous!”
> Danger to me is an opportunity to somebody else. Steve has a ‘trick’ to use other people’s money to top up when his company is short of capital. So ‘danger’ to the company is an ‘opportunity’ to others to link up with Steve – who wouldn’t want to link up with him. So whether it is a danger or an opportunity depends on, again, my financial strengths, knowledge of my options and my risk appetite.
> The alternatives of not knowing my options are investing with limited knowledge or blindly follow the ‘advice’ of the professionals or not investing at all. Each to their own, but I wouldn’t jump to any investment without investigating my options.-
Summarising the long winded essay above:
These conversations are akin to friendly chats over a bbq; the important thing is to share ideas – everything is mulled over and verified when the time comes.
These ideas are important in our learning process so when the time comes we are well informed of the risks / options and can develop our strategies accordingly – much better strategies.
It is a legal requirement for banks / insurance / financial companies to tell us our options even if it is just opening a simple bank account. Property investing is much more expensive and much less regulated. Why wouldn’t we want to know all our options – even if we need to confirm them, it helps to know what to ask in the first place.Anyway, please invest safely. It is too much money to not pay attention to.
Cattleya
Here to learn the ropes of property investing and hopefully help others along the way – happy to discuss anything. Not trying to sell anything, though also not trying to prevent professionals selling their services.Cattleya
Here to learn the ropes of property investing & share knowledge, not trying to sell anything at all.
Sue,
Don’t worry, you are on the right track just keep looking. Can I please offer you the following points:
1. there is always +ly geared property for you, you just have to really understand your situation and keep looking to find something suitable.
Positively geared properties differ for different people. For example, a $430k flat rented at $420 pw:a) At 80% LVR and 4.55% interest, it is +ly geared with net income just below $2,000. But that’s because the Bank provides 1.1% discount. If the interest rate is at the normal advertised rate of 5.65%, the IP becomes -ly geared. losing money roughly -$2,000.
b) At 70% LVR and 5.65% interest, it is barely + at just under $500 income.I mean, the same property can be + or -ly geared depending on the buyer’s financial situation. It is very rare to find a property that is +ly geared for everybody. Which is actually good news, because it means there is one for everybody, you just need to be very cognisant with your own situation and find a suitable property.
2. there are other ways, not just the usual buy in your name. I’ve never done it but have heard about it. Forgot what the term is, but essentially you buy+rent (similar to leasing a car where at the end of the lease term the car is yours). For example, you use your $120k cash and Mr. X borrows $500k from the Bank to buy a house with you.
a) You and X buy a house in Sydney together where you live in the house and pay rent (higher than market rate) to Mr X.
b) X pays interest to the bank using your rent money.
c) You promise to rent there and not move out for, say, 20 years
d) At the end of 20 years, the house is yours.
e) There is a water tight agreement taken at the time of purchase where all the above are arranged in the contract, and also ways to get out. Just in case in the next 20 years either you or X needs to get out of this contract or you win a lotto and want to pay it off sooner, etc.The benefit is, you get the house and minimise your expenses, your investment in the house is secure because you live in it and you pick the area and the house you like. And for X, he has a good tenant for 20 years and above market rental income. The problem is the contract – it usually is difficult to foresee all future possibilities and hence the contract is usually not water tight leading to potential disputes. The buyer-renter (you) is usually in a weaker position.
This is what I mean by, really understand your financial situation and work with it to find a suitable investment.
3. Before you do any of these and any of the above suggestions from other well meaning fellow investors and professionals, please bear in mind… everybody naturally looks after number 1. Hence naturally you are the best person to look after your own interests. Make sure you ask a lot of questions, especially from the ‘enemies’ of these people. Just be very very critical.
4. May be other fellow investors have other suggestions? Pete? You seem to be one of the wiser ones.
Best of luck
Cattleya
Here to learn the ropes of property investing and hopefully help others along the way. Not trying to sell anything.Cattleya
Here to learn the ropes of property investing & share knowledge, not trying to sell anything at all.
Sue, I am sorry to hear about your personal family situation, though like Pete, I admire your courage and determination to start over again. If I can please summarise your situation in a few points:
1. You have some cash from your share of the equity of the family home you sold.
2. Based on the cash you have, your pay (average pay), your responsibilities to child care costs of 4 children (including your ex husband’s contribution), you can borrow $410k
3. Given the uncertainty of child care costs and / or your pay, you have little tollerance to money surprises which means
a. positively geared property
b. interest only payments
c. offset account
d. growth area so if, touch wood, you need to sell, you are not out of pocket
4. You are currently renting but would rather keep renting ie. not buying for your own use.
5. Essentially you want a very low risk, no fuss investment with high returns.Pete is suggesting putting your cash a developer. You can only use cash because bank would not give a mortgage on this investment. Can I please explain further what this is – Pete I am not challenging you, merely shining more light into this. I obviously do not know the details, but these are my guesses:
1. For each $50k, one gets a ‘unit’
2. These units either provide cash or increase in value which one can take as cash
3. The cash can be re-invested in more units.
4. On 6 monthly or annual basis, investors get investment reports which highlights how the developer is progressing, the value of the units
5. Investor can sell off their units with restrictions (or without restrictions) to the developer (or to other investors)
6. There are assurances / guarantees of your investments, etc.These are essentially how Fund Managers function, both the private and public ones (listed on the Exchanges such as ASX). At best, these are the well know names such as ABACUS Property Group (I think they do this) and at worst these are nothing but a ponzi schemes. The reports and guarantess may provide assurances (in the case of ) and at worst they are worthless. Bernie Maddox is a good example, though he is based on equities. They give solid guarantees, but they are useless if the company is bankrupt, and in Maddox case, the bankruptcy was caused by the owner’s greed.
Variation of this business:
1. Developers – much like Pete described. Investor’s money is invested directly in their building projects; the investors lend money to the developers
2. Fund managers – run by Banks / Insurance companies / Fund managers. Investors lend money to the banks / insurance company / bank managers and they invest the money into properties they deem profitable.
3. Become a shareholder of these developers, rather than an investor. So you get shares rather than units.So what I am saying is, investing directly to a developer is a good idea, but only after you do your own investigations, ask a lot of questions to many people (the developer and their ‘enemies’) and be very comfortable with the answers. For example, how do I know they are not fudging their books? I’d be more comfortable investing in the ones traded in the Exchanges.
I apologise, but the only suggestion I can come up with is to buy a place for you and kids to live in but have enough space to have a lodger. Maybe build (or convert the garage into) a granny flat outside the house.
Maybe other members have other ideas?
Cattleya
Here to learn the ropes of property investing and hopefully help others along the way. Not trying to sell anything.Cattleya
Here to learn the ropes of property investing & share knowledge, not trying to sell anything at all.
Latest Update:
1. My offer to a flat in Bulimba was accepted at $430k, 2 bed 2 bath and 1 parking flat, currently tenanted.
Strata is roughly $3300 pa, rental income is $21,840 pa.The flat was built in 2002, sales history:
Oct 2002 sold for $265k
Oct 2004 sold for $290k
Jul 2009 sold for $400k
Sep 2015 sold for $430kI think I get a good bargain because:
a. The current owner bought it for 6 years ago at $400k – which means only 7.5% increase in 6 years as compared to:
• the previous owner (held it for 5 years and got 37.9% increase)
• the Bulimba market annual growth is averaged 3.06% (according to RE.com.au) and 3.5% (according to Domain) for the last 6 years (the current owner gets only 1.25% each year).
b. This is the better property from the last one I offered (2 bed, 1 bath, 1 park asking price $420k, built in 1999).
c. At LVR 80%, this flat is positively geared or at least break even. But I want to make it negative gearing and hence borrowing the full purchase price at $430k2. Buyer’s agent – still don’t think I need one. Still think it is not worth the money… well, I am not in a financial position where I can throw away 2.5% of purchase price / $10k.
3. Lawyer, found one. Youngish, his profile says good integrity. I mean, he might not have the experience but so long as he does not make grave mistakes, I am happy. That’s the nature of business partnership, isn’t it. People make mistakes, so long as they are honest mistakes… oh well, you live and learn. It seems like lawyers are control freaks. He just ‘told me off’ because he thought I ignored his advice – but he had looked in the wrong page.
4. ANZ says financing of the full $430k is ok and I am to pay for other expenses. Cool, no dramas.
5. What now: The lawyer is now doing all the due diligence searches. Depending how things work, I probably keep him for longer term and do other stuff as well.
Fingers crossed, hopefully all goes well.
Lesson learned thus far:
1. Best to take interest in my investments (everybody naturally look after number 1, and therefore naturally I am the best person to monitor my own investments)
2. Never be too busy to understand my investments. Do the legwork myself as much as possible.
3. Be brave. If the numbers stack up, go for it. But also listen to the experts such as Bank, Lawyer and building inspectors.Cattleya
Here to learn the ropes of property investing and hopefully help others along the way. Not trying to sell anything.Cattleya
Here to learn the ropes of property investing & share knowledge, not trying to sell anything at all.
Mine’s in Sydney, am paying 5%, excellent service and been with them for 8 years.
PRD Nationwide.Cattleya
Here to learn the ropes of property investing & share knowledge, not trying to sell anything at all.
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This reply was modified 8 years, 3 months ago by
