Forum Replies Created
Hi,
Go to Aust Bureau of Statistics and look at the following;
Building approvals – indicating if there are any activity in a suburb
Income & Household exp – can give you an idea of how much they can pay for rent,
do a suburb search, Under 2011 Census Quick Stats, type the suburb, and you get a quick view of the avg rent. For example in Shellharbour in 2011, median weekly rent is $300.
Play around this website, bear in mind its 2011 stats.
I also look at the back pages of some of the investing magazines which has a list of suburbs by state and the rent, very useful.
Good luck
Christine
Hiya,
I went with Washington Brown and got a discount. No prob so far. Good luck.
Cheers
Christine
Hi,
Just my 2 cents, for my properties, I wrote, 'Subject to xyz finance and satisfactory report of property & pest inspection…this offer expires on dd/mm/yy, time'. I'm sure others may have more ideas. Good luck.
Cheers
Christine
Shahin,
Can i clarify the advice you gave regarding superman offset. For my IP loans, its IO and no offset account. Is it better than to have at least 1 offset account for every investor? Or would LOC work?
With the valuations, am I right that its tax deductible?
Thank you
Christine
Hi,
For my first Property: I went and spoke to 2 banks, 1 credit union, 3 MB!! Yup be prepared to do your due diligence, compare and go with what is logical. I go thru MB due to their flexibility. I printed out a list of Questions to ask MB, i think you can get it on the website and asked a thousand questions! This forum is also a good place to get knowledge from experienced property investors. Good luck and may the force be with you.
Hi Jamie/Richard,
Heres the info
PPOR: ING, fixed 3 YRS, I, 4.84% ,Loan amt:$230K
IP1: WESTPAC, fixed I, 1YR, 4.99%, $164K (BOUGHT $242K)
IP 2: MACQUARIE, Fixed 3yr I, 5.19%, $240K
Cash / Savings: $20k, BUT only want to use $10K
So have I dug myself into a hole?
Hiya,
CheckDavid- Online: i meant my online savings account (e.g. Ubank, Rabo)- gives me better interest rate than most banks.
LSreng: What an enviable position you're in! A good start to 2014. I need to boost my cash before attempting to buy IP4.
Richard/Jamie: Thanks for the advice, always appreciated. Currently reading Yardney's book on finance law.
Redwood: challenging but interesting goals…I like No 3. Any interest in South Australia? Im from SA, not as exciting as NSW but lots of new properties being built.
Happy New Year everyone.
Terry / Richard,
With all the experience and learning lessons you both had, have you considered writing a book or better still, coming up with a online education course thingy? We freshies (new investors) can learn from you.
HI Daniel,
Just wanted to ask you how do you find the course? Is there alot of online content that you have to study yourself? Are there any classroom or video based learning?
Hi All,
Thank you all for the sharing. I look forward to more.
Richard-I'm looking forward to what you're going to say due to your experience. Any learning points for 2013?
Lsreng: Can you share how you plan to structure the finance for the 4th & 5th IP? The finance bit does my head in, I really want to understand as its important. I'm hoping to get my finance strategy right. This should be another goal for me!
Daniel – interesting goals, I like the part abt meeting with like-minded investors, this forum is a godsend. Abt the part on studying, you mean property investment education? I would be interested to know if you have any in mind? I did Jane Slack Smith online property course, it was useful. But I learn better when its like a classroom teaching rather than online. I really want to educate myself on the finance, I was thinking of Cert 4 Mortgage Broker. Not to practice as a broker but to learn the finance bit. Do you think that's a good idea?
Christine
