Forum Replies Created
Hi there,
I don’t think you will need to wait 12 months…some options to try are as follows:
1. As you earn income from your employment, pay off some of the loan of your 1st property. Then use the equity in this to pay for the deposits in other properties.
2. Re-finance your 1st property and get the banks to re-value the property. If it has gone up, all good and well because banks will then lend you money on the basis of the new evaluation.
3. Borrow money from relatives, friends or get a money partner.
4. If you have a few thousand dollars but not enough for a deposit on the 2nd property you wish to invest in, then on the 1st property, do some renovatiosn with the few thousand that you have(maybe some landscaping) and increase the value of the property. Get the property re-valued after the renovations have been done and you could borrow on the new valuation.
5. Any good investment property you find, make an offer on it with long settlement dates with ‘SUBJECT TO FINANCE.’ This way you can have an offer on a property with a four to six month settlement and you have this 4 – 6 months to come up with 20% deposit. If you come up with 20% deposit, most banks will be happy to loan you 80% of the value of the 2nd or 3rd property you wish to invest in.
Hope this helps.
Kind Regards,
George.If You never never ask, you’ll never never know”
thanks Aceyducey and Kay Henry.
good info I could use. very grateful
kind regards,
GeorgeIf You never never ask, you’ll never never know”
Hi Breakingout,
percentages vary – because some agents take 5% and others 7% and there are other values aswell. electricity and costs also vary depending on the state and location and the energy company (ie. Origen) – they each have differing rates.
Hope this helps.
Kind Regards,
George.If You never never ask, you’ll never never know”
good advice – thanks
If You never never ask, you’ll never never know”
very useful Jaffasoft
very useful info – thanks
your one of the more generous persons out there helping others with your time and service. thanks and God Bless
Kind regards,
George.If You never never ask, you’ll never never know”
Hi Kraeg,
try purchasing the ‘Buyer Beware’ kit by Steve McKinght. I think you can still get it through this site . that is an excellent tool for making offers and will help in other fields of investing. Sadly, I lost the book but still have the two CD’s. I wish I had that book or could atleast find it.
Kind Regards,
George.If You never never ask, you’ll never never know”
Predictions…no one can ever make predictions – only assumptions and assumptions are generally bad.
R.K once said and I quote,
“Predicting a crash is like prdicting winter – Big Deal!”The way I see it is that as long as interest rates stay the same, there will still be the affordability by the average household to purchase their house – so no crash. When interest rates rise, most people will no longer be able to pay off their loan and will thus be forced to sell out and rent – that’s when investors can reap the rewards.
I’m in VIC and their are some real good deals retuning the average 10+ percent in pos. cashflow – you just have to drive out a few hours into the country. I admit it is getting harder but they are still out there.
Kind Regards,
George.If You never never ask, you’ll never never know”
didn’t know St George could do that – well look at that…you learn something every day
If You never never ask, you’ll never never know”
hhhhmmm…the nations capital hey – I think melb should have that name…
try looking at the country by:
– driving around in the country
– call country agents up
– check the websites out on the NET and do searches – you will get good results.Kind Regards,
GeorgeIf You never never ask, you’ll never never know”
I agree with RussH,
“Look, Listen and Learn”
If You never never ask, you’ll never never know”
quite sure there isn’t any in SA…
kind regards,
GeorgeIf You never never ask, you’ll never never know”
a agree elves – she is on the ball and her calculators that her husband has done are priceless – very good recourses
If You never never ask, you’ll never never know”
me too – but not being greedy, i would like to have more – the more i have, the more i am free and the more i am free, the more i can offer back to the community…
If You never never ask, you’ll never never know”
They all go up in value – just not the same rate (cost and timeframe that is).
It’s not so much the issue of the greatest money return in the future. It’s a metter of wanting passive income now or in 10 years time. For those happy with their job – maybe good capital in 10 years time is best for you…
kind regards,
George.If You never never ask, you’ll never never know”
NO – THERE IS ONLY ONE GOD.
HE JUST DID WHAT MR KIYOSAKI DID AND ADVISED,
“DON’T WORK HARD, WORK SMART”
WARM REGARDS,
GEORGE.[grad]If You never never ask, you’ll never never know”
welcome to the forum – best of luck with the investing.
kind regards,
George.If You never never ask, you’ll never never know”
hi,
could set it up as a trust where your son is the sole beneficiary and you are the director – meaning you make all the decisions regarding it but your son benefits totally from it.
Kind Regards,
George.If You never never ask, you’ll never never know”
im sure it will Bendon – thanks a million
kind regards,
George.If You never never ask, you’ll never never know”
Hi Brendon,
do you know how I would get into contact with or find local Property Investing groups? Thanks.
Kind Regards,
George.If You never never ask, you’ll never never know”
very important issues – hope Steve has the time to reply
If You never never ask, you’ll never never know”
