I believe I can see a few flaws in this post:

1. Calculations are based on buying right now X properties to get right now Y rent to get the $100k p/a income right now. That’s not how it works. Rents grow with time so the rental yield (rent divided to purchase price) becomes much much higher over time, so the investor will need fewer…[Read more]

I believe I can see a few flaws in this post:

1. Calculations are based on buying right now X properties to get right now Y rent to get the $100k p/a income right now. That’s not how it works. Rents grow with time so the rental yield (rent divided to purchase price) becomes much much higher over time, so the investor will need fewer…[Read more]

I believe I can see a few flaws in this post:

1. Calculations are based on buying right now X properties to get right now Y rent to get the $100k p/a income right now. That’s not how it works. Rents grow with time so the rental yield (rent divided to purchase price) becomes much much higher over time, so the investor will need fewer…[Read more]

If the only issue is the val coming low, then it may be prudent to do some val hunting?

How did you get this val? Direct from the bank or was a broker involved?

Is it an upfront val or was a loan application submitted?

If the only issue is the val coming low, then it may be prudent to do some val hunting?

How did you get this val? Direct from the bank?

Is it an upfront val or was a loan application submitted?

Why not send B&P guys to do an inspection for you ahead of the auction?

Why not send B&P guys to do an inspection for you?

Definitely not to MYOB 😉

Hi David,

Construction costs can vary a lot but a decent general better than nothing calculator is available here: https://www.bmtqs.com.au/construction-cost-calculator

Would you mind sharing which suburb has such fantastic yields? If you prefer to share via PM, that’s an option too 👍😎

My 2c:

From my personal experience, vendors prefer simple arrangements (KISS style). Once you introduce things they never heard before (such as them paying the stamp duty), you might find more resistance than it’s worth.

My 2c:

From my personal experience, vendors prefer simple arrangements (KISS style). Once you introduce things they never heard before (such as them paying the stamp duty), you might find more resistance than it’s worth.

Obviously a lot more info is needed. Are you happy to share here? Otherwise, PM me and we’ll discuss there, no worries 👍😎

Happy to hear issue has been resolved 👍😎

I would definitely honour the amended agreement with him. Would probably not use him again though 😉

Happy to hear issue has been resolved 👍😎

I would definitely honour the amended agreeement with him. Would probably not use him again though 😉

As Jaxon said, many options. You could always call the REA and ask? 😎

Depending on the scenario (for example: is this your PPOR that you’re moving out from or an existing investment property? Why is it vacant?), many lenders (including NAB!) will accept rental appraisal instead of a contract.

Are you happy to share more details? This way we could help more 👍😎

Depending on the scenario (for example: is this your PPOR or an investment property? Why is it vacant?), many lenders (including NAB!) will accept rental appraisal instead of a contract.

Are you happy to share more details? This way we could help more 👍😎

Hi David,

A few questions come to mind:

Do you reckon it’s realistic that the vendor will accept such a low offer?

How confident are you that there won’t be an issue with the fire rating of the walls? (aka the biggest killer of strata titling)

Strata costs can easily inflate if council will come back with certain requests (such as separate…[Read more]

Noice!

Suggest you join the meetup group and RSVP there? 👍😎