Hi Richard,

What’s the maximum LVR in such scenario?

Hi Richard,

What’s the maximum LVR in this scenario?

My guess would be that it won’t change the usage but if I were you, I would discuss with my accountant? 👍😎

If the rates are already on ‘minimum threshold’, then having 2 titles will pretty much double the rates.

Building insurance – depends. Seen cases where insurance were higher but can also recall one case it was smaller(!), we were very surprised and the owner jumped on it.

Strata considerations – fire separation walls, zoning, council policy,…[Read more]

Lenders will assess your borrowing power while looking at your credit card limit, not the actual amount used. It makes sense as you can max it out the day after the assessment is done.

Good luck on your journey. Solid advices above from Corey 👍😎

Hey mate,

Sorry to hear it and good thing you still hold 50% of the fee.

10 days without hearing back + all the delays mentioned is unacceptable in my book. I’m also an investor and if this would have happened to me I would probably give him a reasonable deadline to sort everything out and failing that, would go another avenue to sort it all out…[Read more]

Best consult with your accountant to gain specific advice but my guess is that you’ll pay 50% CGT on the capital gain from when the 6 years ended to the sale date (shouldn’t amount to too much, I reckon?)

Link doesn’t exist?

Hey mate,

10.5% sounds amazing!

Are you happy to elaborate? Is it residential? Dual occupancy? Which suburb? Any work required to get that yield or it’s just buy and hold?

Agree completely with the comments above except this bit:

I understand where Nigel is coming from but renovators-buyers are not speculators, I reckon. Buy well (that’s always good), renovate well (what to renovate, how, budget, comparables) and get a good profit when selling, even if the market didn’t move at all during that time. That’s not…[Read more]

Are you able to provide an example? If you could post a listing and advise the intrinsic value of it and how you came to that figure, that would be great 👍😎

Hi Jason,

Sold several of my properties directly so got some insights to share 😎

First of all, do you have sales experiance? Generally speaking, nothing sells itself.

Secondly, are you sure your price expectations are on point?

Of the top of my head:

Pros:
You save the agent fees
You get to meet potential buyers and get a good feel of the…[Read more]

Oki doki 😊

Next meeting after tonight is on October 17th and if you’ll join the group page, you’ll get all the updates there 👍😎

Excellent result and thanks for sharing, Luke!

Love reading real stories (loaded with details, photos and figures!) that showcase how great, easy and quick it can be to turn an ugly duckling to a beautiful golden eggs laying swan 👍😎