Use the Pm – leverage their time and it is worth every penny. Good to see they are taking it on at this late stage too.

Have a look at what the large international companies and large Australia grocery companies are doing. If they are building new supermarket and hardware store than someone has already do the risk analysis of the effect of the bypass for you.

There is a term often used, "never try and catch a falling sword." There is no need to try and pick the bottom of market. Above all this story reminds me just how lucky we are here in Australia.

replytokat (nice name by the way), 

Have you considered commercial property? If you could achieve a 10% net yield on your cash with capital growth potential would that do the trick?  Could leapfrog into others and base the future borrowings on your properties income rather than your income.

If the valuations on NRAS come in low and you have comparable sales to support your investment decision then it is time for a new lender. If they come in low and their is a good reason then time for a new property? Have just switched lenders on a nras deal and what was short came back at purchase price. No probs deal done happy client ready for…[Read more]

You could also do 90% plus lmi plus 20k if the extra is needed/suitable for your purposes – forward planning will also dictate if lenders that allow the nras incentive to be used for servicing are required now or later.

My point of view is that you have to define your exit strategy and work backwards. What do you want to achieve and then look at how to do it. If you have a mindset that one thing is better than another then it probably makes it a bit hard to have enough creativity to get out of the rate race. People somehow think that cashflow and capital growth…[Read more]

Hi Guys, as first port of call I would get some valuations done to see  what the real equity position of your portfolio is in the eyes of a potential funder.  To be serious you really have to look at investments and funding that don't rely on you wage income. Low LVR commercial real estate –  but only if you have experience. 

Hello, Is it still true that banks have a resistance to loan for the purpose of NRAS investments? Are there any finance organisations willing to loan at comparible rates to standard investment property?

To answer that in brief  – you should not be paying a rate loading for NRAS but to qualify this the type of property you buy and the consortium…[Read more]

What  I am seeing at the moment with nras (and perhaps other people are too) is that there are massive differences in the quality of stock and the quality of the investment. Would you research and find a location that meets your investment criteria and then start looking for a scheme property in that location or are you just looking for a scheme…[Read more]

I would have to agree that there are still some big commission out there being offer in the nras space. Recently the customers who have the most success are those approaching the vendor directly. This is not difficult to do and there are significant discounts to be made. If you are considering building a portfolio that contains more than a few…[Read more]

Me bank just did an 80% LVR owner builder deal for a customer of mine. He was very pleased with the result.

I had a developer just the other day offering nras stock at 20% vendor 80% bank. There is no limit of vendors out there.

Vals are still a big issue in nras. Although I am not seeing very much overpriced nras stockl like there was a while ago. Great if you are not the first in and there are settled sales before you to help out. Although had one this week and that still did not help us with the valuer. It was an Adelaide product through one of the mortgage managers.…[Read more]

We have lenders other than liberty and nab that will do it and without rate loading for the smsf. Recently had vendor finance for nras but no units or apartments as stated above.

Pagey

You already have the answer here but you have touched on wanting some strategy/direction based on Steve's books.

Have a look at the following passage from his most recent.

Instead of trying to ‘buy’ your financial freedom by acquiring a large number of relatively low output positive cash flow properties, the new (and improved) model I…[Read more]

I have purchased a few of these reports myself in the past. What you are getting with these reports in particular is well researched data. You are getting a broad overview that would be a starting point in the due diligence process.  The test would be to buy a report on a market that you know well and see what you learn.

Julieanne – maybe just talk to him. It sounds crazy but if it is not a good fit he may move on if you discuss your feelings about the issue. You have to consider the safety and well being of the other occupants and the effect that his behaviour may have on them. 

If you are going to go down the formal path consider how time consuming and…[Read more]

Thank you Steve for such a positive  thread.

Firstly, my parents. They had the courage to do things in the area of property investment when it was not in vogue. That is, before the internet. They had to learn by their mistakes. Thanks for teaching the kids (us) how to do all that stuff at the dinner table and on trips in the car. 

Second, Mr…[Read more]

Bob – although sound asset protection is valid most forum members would not be happy discussing setting up structures with the intent of trying to hide assets from creditors. Having said that I have a feeling if any party could show that there was an intention to do this then the creditors or spouses could use "tracing" provisions to access these…[Read more]