Forum Replies Created
Thanks Corey,
That is what we thought. We will go back and insist on the two loans.Hi,
This is something I looked into, but have not decided on yet.
Some things to consider:
>Whether a bank would loan money to purchase a single car park
>How easy it would be to sell once you want to do something else with the money
>The cost involved eg. fees to building owner/carpark manager, as well as governement taxes.
>What is a fair price. I haven't yet found any data on the average price/price changes for carparks (though I haven't looked very hard either)
A new website that may help is: http://www.findacarpark.com.au if you do want to look into at purchasing one.
RuthHi,
Thanks for your reply. Yes we would be eligible for FHOG. We are renting at present, both of us have been for some years.
Another idea we had was to buy a bigger block, and build a second house on the back and sell it off, while we live in the front house. We could then rent or sell that to buy our 'dream' home later on.Having rented in SA and Vic, I can say that in SA the owner pays water up to a certain amount, and the tenant if excess water is used.
In Victoria the tenant pays for all their water use. (A better way I believe as u can monitor your water use – important in drought conditions in an already dry country).Hello,I attended a seminar by these people and my gut feeling was that they were not so trustworthy, but this was only a feeling. I am a signed up free member, so receive their emails of cashflow positive properties. Most are about 6-8% return on investment, not quite up there with the 11 second rule. With the drop in interest rates, I have been looking at some better deals through realestate.com.au which anyone can access. However, I am still researching, and yet to purchase a property!
