Torrens title with a party wall?

Are these joined garages?

The sale funds can be used as a deposit to purchase land and build an investment property. If you have a contract signed for the sale of your property, you can use a deposit bond to be able to put the investment under contract if timing is tight.

I’ve got a 325ci, but looking at going for a Sedan soon just to be a bit more practical.

It’s nice to see an update from a purchaser of these specialised commercial properties, a rare situation indeed. Even nicer to see that it’s been working out well for you all. :)How have you found the occupancy rate since taking it over?

JacM raises a good point, I find a lot of clients try to balance out their property portfolio to be neutral overall during the accumulation phase, as they can make good use of the positive cash flow on their other investments by putting it to use with new investments. When the portfolio reaches critical mass they can sit back and let the cash…[Read more]

In most cases you can actually go to 90% than 80% on equity accesses, ie $88,000 available with the right structuring. :)

Well you don’t see that every day. :P

No can do. They will still get the commission, and this is a little dodgy to say the least. The vendor has taken the agent to assist with the transaction, it's best to talk to them directly.

Were you told you've hit a serviceability wall by a lender or a broker? Generally even if one lender says you've maxed on your lending capacity, there will be capacity available with other lenders.

You've mentioned the current IP's are tired and old, where are they located? Do they have development potential, perhaps you can turn the old properties into new (depreciable) properties.

I'm inclined to hold properties as switching costs in South Australia are quite high (stamp duty etc). When you multiply this over several properties and you…[Read more]

Some lenders won't allow you to continually apply for new IO terms, but generally you can just refinance the loan which will open up new IO terms.

Both will have to sign off on the docs but as mentioned the use of funds after that point is up to you.

Is this a spousal arrangement, or two separate individuals?

Decent cash flow on car parks, I know one person who owns a couple in the CBD. 

Personally I've only ever seen them advertising them in biz mags picked up in airports. Not where I generally pick up investments. 

This is just one more risk factor being plugged into the credit scoring matrixs. Consider the huge proportion of the population which pays their bills late (how many utility companies provide a discount on their rates if you pay ON TIME), makes me believe that they will not be targeting the applicants with a water bill a week late here and there,…[Read more]

Buy a cheap van!

I bought a Long Wheelbase van a few years ago for my renovations and it can generally fit everything you need. If you get one with a towbar/roof racks you'll be laughing.

Huge interest in Brisbane and the real estate agents know it.

I have quite a few clients looking in the Bris market and the best word of advice is to be quick on your feet, you'll find properties are going under contract incredibly fast and for increasingly higher prices. 

Some companies will also add new items to your depreciation schedule for free if you use their services. I know the one I use and refer clients to does. A nice little extra.

Quite happy to pay for a professional property manager. The key is finding one which can provide value to your investment portfolio, being proactive with maintenance and tenant requests, applying consistant pressure on rents as warranted. They are the gate keepers to your most value assets after all.

If you had the time and inclination self…[Read more]

Having two part time roles isn't a problem so much. Even if it's casual, so long as you meet certain requirements (been with the business 12+ months, consistant pay) most lenders won't kick up too much of a fuss.

What LVR? 15 year term? Most lenders are doing high 5's to low 6's right now, features are becoming more of a competitive space.