Forum Replies Created
Thanks for the responses guys it has really helped. See Change that link you provided was awesome, thankyou very much.
I’m leaning further and further away from Rocky invesment wise the more I see and hear. Just have a look at this disgraceful opportunity;
And deals like this are plentiful at the moment…[ohno2]
Hey Shawn,
Congratulations on the added equity.
Have a read of some of these;
…G7
There is a lady on the Sunshine Coast, Dymphna Boholt, who is making great strides as a wealth creation adviser through property.
Viva la accountancy revolution!!!
With investments like these I believe you can only get a certain amount of finance for them, say about 70% of the purchase price.
If they give off a good cashflow and that’s what you’re after, then go ahead, but be careful as usually the devil is in the detail with regards to management agreements, fees etc.
Regarding managed funds as a better option that is ultimately up to you as the investor to decide which path you and your money should head down.Hope this helps…G7
Hi MJ,
With regards to your new house you should design it the way you want and then think about it’s rentability if and when you get to that, because circumstances could change.
Brookwater is a nice spot, I should know because I was until recently up the road at Springfield Lakes with all the riff-raff!
In a desirable estate like this your house should hold value well and put you in a good position to invest later on down the track using it’s equity.
Good Luck…G7
I was recently renting in Springfield Lakes and there wasn’t that much movement in housing considering it’s meant to be Australia’s fastest growing suburb. This means that you might not be able to sell too quickly and for or near your preferred price.
If you can sit it out for a while and hold onto these houses and research more into the +CF techniques and general property invesment market. Don’t panic sell just to change direction, be patient and remember sometimes the best thing to do is to do nothing (just sit it out for a while and see what would be the best course of action for yourselves).
Good Luck…G7
Two or three with the one bank shouldn’t be much of a problem, when you get to 10 or more you probably should diversify your lenders!
Regarding mortgage insurance, you should speak with one of the many brokers on this forum if you’re starting to have problems with needing insurance.
Your best bet would be to go throught the API magazine and see what programs are going in there. You might also like to try Investment Detective, I haven’t used it but it’s pretty new and might be what you’re looking for (not sure about BAS functions though) and seems very price competitive.
You could be legally obliged to go through with the purchase of the property, regardless of finance. If this was to happen you’d be in all sorts of trouble, avoid this situation!!
I believe that you only pay CGT on a wrap when the contracts are finally exchanged between you and the wrappee. This will happen when they’ve finished paying the mortgage (in 25 or 30 years or earlier etc.)or they refinance.
This might not be entirely correct so double check with somebody who definately knows the ins and outs of wrapping.
By the calibre of your posts recently you dont seem the type to need to pay others $5000 to find you investments. ‘Emotional selling techniques’ would have been the deal breaker for me. You can do better…G7
See them at; http://www.ireig.com/default.php
Finance is now a commodity for the investing consumer, you might want to talk to some of the very capable brokers on the forum to get the deal over the line.
Good Luck…G7
The old situation of helping your relatives to the detriment of yourself. You might have to bite the bullet and get normal market rent paying tennants in, after all it’s your investment, money, future etc. I just hope they’re not taking advantage of your kindness in you helping them with somewhere to live.
You also might like to start talking with other accountants too. If your current one cant help you to maximise your investments it might be a good idea to start looking elsewhere.
Hope this helps…G7
Buy, hold or sell- It’s simply too hard to say specifically. It depends on many factors, you’ll probably have to make that call yourself.
Typically more houses come onto the market during Spring, but this year is very different from last so it just might be a matter of wait and see.
In regards to Perth, who knows, but as you seem to have been watching it closely you would have a pretty good indication of when to jump in.
Good Luck…G7
Hi AXJ,
You’re certainly not the only one who’s been down this road before, check this out;
https://www.propertyinvesting.com/forum/topic/14918.html?SearchTerms=unmotivated
Good Luck…G7
I was hoping that nobody would pick that up, I suppose it’s always a good time to buy just before prices double. [biggrin]
Being from Melbourne originally I couldn’t help having a dig at Moe and the LaTrobe Valley.[tongue]
Hughendon is the one with the huge pub for sale with all the female backpacker underwear nailed to the roof in the midle of nowhere isn’t it?
My mum knew a lady who bought half the town prior to the boom, did all right out of it and then promptly got out. It may show returns of 10% but that’s low for Hughenden. When you have a vacant place in a town like that it could be empty for months or years, I believe Hughenden has run its course and although tempting to some, you should look elsewhere.
You would not be the only one feeling raped by strata managers and body corporates. I believe this industry is one of the biggest legal rackets in Australia. Often their fees destroy very good potential deals and are one of the biggest killers of positively geared properties in Australia.
Keep us posted on your progress and good luck with whatever direction you decide to choose…G7
There seems to be a real stigma attached to apartments in the Docklands and Southbank that goes beyond investing logic.
Recently there were a few newbies on the forum who nearly lost their shirts from Melbourne apartments, so it is a sensitive area.
These areas will once again become attractive for investment purposes but it’s just a matter of when and how long can you wait?
All in all, these areas are a great place to live for the lifestyle conscious while subsequently hazardous for the investment weary.
Good Luck…G7
Westan (on this forum) is doing and finding deals over there and seems to be doing quite well from it. He’s your first port of call for info on the US.
Good Luck…G7
