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Thank you for your reply.
Sorry that I did not make it clear. I bought that property from a sales agent as I found the location wonderful and the price affordable. Of course it was the sales agent who recommend the property for me but in that case, the agent earns commission from the vendor and I did not need to pay more.
So you mean you will not easily buy properties unless you make an inspection?
Hi Vyaw,
Of course I am not an expert but just want to share my personal thought with you.
My plan is to buy one apartment with good location first and then after a few years, do refinancing. Through refinance, I can get more loan to buy more properties. When I become old and do not want to work anymore, I would sell some of my properties to pay off the price of my rest properties.
What I want to say is that, even you are in debt of a large amount of money, your properties may worth more if you have chosen them carefully.
Anyway, my words are just for reference as I do not now your situation exactly.
All the best,
EmilyHi Peter,
Just to share my personal experience with you.
I am quite new to the property market and am now in Sydney, but I had just invested in Brisbane as an sales agent saw my ad and recommended me her properties in Brisbane.
The developer guarantees 5% rental yield for the first year. I think the rental yield for the next few years is not likely to fall and with the location and quality, those apartments can reach such rental yield even without the developer’s promise because the developer will not trouble themselves.
I can give you the agent’s email address or mobile phone numbers if you like.
Cheers,
EmilyI happen to know an property consultant who is really responsible but I am not sure how well you have known about property investment.
Anyway she helped me a lot as I am new to the property market.
I can give you her mobile phone number or email address if you still need it.Cheers
