Hi Shaun you are also going to need a good mortgage broker who understands property investment to help you sort out your finances.

some banks will allow you upto 95%

Thanks Richard for that infocheers harry

Hi Jess ,I dont know much about tax implications but if the 2nd IP is financed using both you and your husbands income for loan serviceability the banks would require joint title. any of the more experienced investors out there please feel to correct me if i am wrong..Cheers

thank you all for your replies. i greatly appreciate it.harry

hi allsorry i forgot mention the property is in Vic. melbourne.what i understand from the above comments is that the buyer uses the contract prepared by the vendor but  buyer  writes the conditions like finance, building and pest, date of offer lapse etc etc  and then hopes the vendor accepts it? the estate agents we dealt with were quite ad…[Read more]

hi terry, i realised that i should never trust a estate agent. i was trying to be pretty careful but the agent somehow manipulated us into writing the contract and made mistakes?? well its a lesson learnt for me. any ways good news is i just recieved the approval and iam a bit relieved."You will need to get an extension. whatever you do don't…[Read more]

hi all, i have spoken to consumer affairs vic and they advised to get insurance just to protect myself. so i Did.but the question of land measurement remains?any suggestions?thanks harry

hi Mikei just recieved the report, thank you very much appreciate your helpharry

sorry i forgot to mention, the house is in victoria. i just spoke to the conveyancer and she says 1) i need to have insurance just in case the house gets damaged before settlement and if the vendor didnt have insurance ,i will still have to go ahead with the purchase and will end up with the damaged house?2) i need to measure the land just to be…[Read more]

hi richard, thank you for your last report it was quite useful( i didnt buy the property coz it was not worth the asking price) iam considering this property 25 barrot avenue hoppers crossing victoria. would you be able to run a residex report for me please, i really appreciate your time and patience .my email is coolharry67@yahoo.com.thanks…[Read more]

hi richard ,would you please send me a report for 16 beverley street  st Albans  vic 3021. really appreciate your time and effortthanks my email is coolharry67@yahoo.com

sorry i forgot to mention iam in VIC but iam guessing it doesnot make any difference  but unsure

hi ducksterthanks for the advice harry

hi steve can you please elaborate  what are the end sales costs other than the actual property price?thank you harry

hello Event Horizon,could you please clarify what exactly is –land size and value is important? what means land size should be 50% to 100% of property value ?thank you for your time and patienceharry

hi Lancei now understand more clearly .The information you gave me is  priceless  . i feel more confident now and will start to think in the right direction ie positive gearing.  i know i have a long way to go but i think it is time i started something..thank you very much for your time and patience.Harry

hi Lance just one more questionfor a investment property to be considered good what should be the minimum ROI percentage.i worked out an example for a property costing 95000. with a cash deposit of 20000. rental return of 4640 per year.the COCR came to be 23 % and ROi came to be 4.88%( i havent calculated other costs for this example ) but is 4.48…[Read more]

hi Lancethat was very helpful,thank you very much.harry