A couple of years ago everyone was really hot on the property bandwagon. Now it seems the lustre has gone off this form of investing and accordingly those who work assisting others to achieve their goals whether via property investing, stocks, shares, cash, international markets….whatever, have now got more time to think on how they generate…[Read more]

The first dozen IP’s are always the hardest…only 11 to go!!!!

Good work girl, knowledge is king, but so is cashflow. Hope it all goes well.

DD

Buyers Agent (Dip Financial Services(FP)
Don’t sweat the small stuff,and it’s all small stuff!!

David Rushworth a local mortgage broker and financial planner was our guest speaker tonight and spoke regarding the importance of estate planning and a few simple tips regarding contract wording for beginners.

12 people attended, we welcome back our regulars and also our new attendees Sara and Shaun, and Tom and Anne. Who are at various stages in…[Read more]

Firstly LODOC loans usually cap their risk by not going as far as 95% loans.

See a broker and dont talk to just one bank with one set of options.

Secondly, if you are at 95% and want to squeeze cash out for a reno……good luck.

Most loans can be setup at $95% for a premium on the interest rate but for reborrowings they usually limit it to the…[Read more]

The more you have the better the options and the less a sale hurts the overall portfolio.

Not knowing your total costs for the kids and missus and your other expenses(car costs etc) it is really hard to forcast your future accurately. However I would get into a reno on the neg geared property.

Some down lights, a garage or carport, covered…[Read more]

How long has it been on the market, panicky sellers are good to buy from.

What needs repaired or fixed- take it off the price.

What state are you buying in. Qld, negotiate first then do contract then searches and inspections(building/Pest).

NSW searches and inspections first then offer based on reports. Different world entirely. Contracts…[Read more]

leaving the dog of a first investment alone means you are still carrying debt. What cap gains could you get by selling it? Would you not be better having several “entry level properties for say $100-115k each earning between 6.8-8% return.

Add the UK cash worth about $58k after exchange and you have a yummy 4-5 cheapies to give you the right rent…[Read more]

HI, to offer advice on any financial products you would have to become a financial planner to cover you australia wide. This is then regulated via ASIC and is certified by them.
If you were working specifically in one state only, a real estate licence for that state would be definitely something to do.

realestate.com.au has a “buyers agent”…[Read more]

Qlds007, again your conservative attitude darkens the thoughts of others. Look back to May’s API page 48 mate. We have done the same thing and are still signing another contract this week.

Taking calculated risks is how you actually get ahead.

Happy to chat further if you would like but for good ness sake, let others get the resounding well done…[Read more]

As the impetus for some market sectors north of the border flattens out, it would now seeem logical to at least look at NSW property again. The govt loosing money over it, I doubt that. With the new increased levels of activity, the normal stamp duty gained will far outstrip the loss of the 2.25% on exit.
If sentiment adds 10% to property numbers…[Read more]

Buyers agents or “birddogs” not only help with finding deals, but negotiate, answer those tricky questions and calm the nerves.

Find someone that fits your own approach and do not get railroaded by someone a bit too pushy.

Most of all, a cautious decision is less likely to backfire. Have fun, play it as a numbers game, dont get emotional and…[Read more]

First investments are always the hardest as the fears and emotions take charge that much easier.

Was it so hard a struggle that you barely had the cash to fund buying it with no buffer for problems like this or is it that you were grossly overquoted the rent for the area from a conman of a sales agent.

Did you check rents and what inclusions…[Read more]

Waste of space guys not useful here, sorry.

DD

Buyers Agent (Dip Financial Services(FP)
Don’t sweat the small stuff,and it’s all small stuff!!

Sea change, its basically where the best potential rental return is, either houses or units.

As unit pricing continues to rise($20k in last 3 months yahooooo!!!!)this means that the rental return ratios are tightening up. So when you can buy a 2bed townhouse for $125k with a $160 return with body corp fees and smaller land footprint to worry…[Read more]

fhog will be there when you buy your first “to live in’residence. It is not affected by owning an IP. So buying an IP first will get you 100% tax back on your investment. Alternatively if you buy a ppor now you get 0% tax deduction for repairs, fix ups etc and all of your hard earned disappears for a long time to pay it down.

$25k deposit gets…[Read more]

Its called oportunity cost. Your cost for being a good child to a non paying mother, is a crap tax return.

The tax man will not care who it rents to or what rent they are paying. All he wants is as much of your money he can legally steal. So either up the rent for mum or wear the tax cost. Either way you loose.

Got a plan for you, put your mum…[Read more]

OK the basics, ppor and ip total value is$500k as far as the bank is concerned, total to date borrowings is $410k. That is already $10k above the standard 80% that banks like as their comfort zone before charging great amounts of mortgage insurance.

So with a ppor loan you could get upto 100% loans and it seems you did. For any redraw to be…[Read more]

Contributions may include specific area knowledge and heads up on new developements and roads and shops etc.

Another topic is dealing with the vagaries of management agents state by state. The differences need to be highlighted for new investors who sometimes assume a one week letting fee and 6.6% are the standard as it is in Sydney.

Your the…[Read more]

I was asked this by a solicitor client of mine recently in Sydney.

He rented a quality home in Sydney worth $800k his rent was $460/wk
to pay the mortgage he would need approximately $1200/wk
This meant that by staying put he would have $740/wk less out if his pocket while throwing as much as possible into his investments.

He bought a small…[Read more]

Nice to see your softened approach Qlds007. As you are happy to promote Westan, another non real estate licenced buyers agent, albeit overseas, are you still sceptical about people like me sourcing property in Qld and Tassie for people?

DD

Buyers Agent (Dip Financial Services(FP)
Don’t sweat the small stuff,and it’s all small stuff!!