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  • Profile photo of god_of_moneygod_of_money
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    May 17, 2009 - 1:49 pm

    Kerrie,

    I don't think it is slightly higher for duplex considering A$ 7500… (i.e. almost double)

    Profile photo of god_of_moneygod_of_money
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    May 17, 2009 - 5:51 am

    Offer 100k probably… as there is a minimal value of the buildings

    Profile photo of god_of_moneygod_of_money
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    May 17, 2009 - 5:29 am

    Being a newbie,

    1.) can i ask why is a property lawyer always much preferred than a dodgy solicitor?

    ==> some of the solicitors are useless… they don't have experienced at all… been involved with one of them before… so becareful to choose the solicitor… preferably someone with property law experience. They can advise u better….though come with premium price

    3.) Also, does the property lawyer throws in "building and pest inspection" package in his deal? and what does "plus/minus ACCREDITED valuer" means?

    ==> It is wise to engage the valuer if necessary… but an optional

    Profile photo of god_of_moneygod_of_money
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    May 17, 2009 - 2:41 am

    I thought that this has been advertised few months ago…

    Profile photo of god_of_moneygod_of_money
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    May 16, 2009 - 12:20 pm

    julee, you can always search the archieve from this website regarding investment in serviced apartment.
    Most investors would vote against it

    Profile photo of god_of_moneygod_of_money
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    May 16, 2009 - 12:16 pm

    I agree BUT the 'key' is finding a good mortgage broker .

    The advantages will outweigh the disadvantage if you have a good mortgage broker.

    Profile photo of god_of_moneygod_of_money
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    May 16, 2009 - 12:06 pm

    Well done rudra

    Why not you explain to us… regarding the 'magic plan' of the so called "Premium finance"

    Cheers

    Profile photo of god_of_moneygod_of_money
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    May 16, 2009 - 11:08 am

    This could be the second chapter of ASIC investigation after collapsing of Storm Financial Services.
    I would  not securing against my PPOR if I want to buy an 'over-value' IP

    Profile photo of god_of_moneygod_of_money
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    May 15, 2009 - 2:26 pm

    so..what is your point?

    Profile photo of god_of_moneygod_of_money
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    May 15, 2009 - 2:23 pm

    Hei rudra,

    I thought that you  are one of the fans of "Premium Finance"
    Did they tell you using simple calculation to find out the positively geared properties?
    Why not you asked your so-called mentor :)

    Profile photo of god_of_moneygod_of_money
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    May 14, 2009 - 1:10 pm

    Thanks for all the inputs…

    What  I mean is… each inspection will cost about 400-500 dollars… I guess that if it is only one inspection.. then that is ok..
    How about 3-4 inspections… in the regional city ( don't like to buy in small town).. it will cost a fortune.. plus time consuming as well.

    I am too scared to buy unseen.. despite the figure/google earth/rpdata etc……

    Profile photo of god_of_moneygod_of_money
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    May 14, 2009 - 5:48 am

    Terry, how can you find the cashflow positive in the big cities?
    What is you definition of rural? I am talking about regional cities…

    Profile photo of god_of_moneygod_of_money
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    May 14, 2009 - 2:19 am

    Terry,

    How do secure the regional property deal? I am talking about population more than 20,000.

    Scott,
    You can always look at from the google earth and streetview. I am trying to secure a property in the regional city.
    I am not sure whether I should fly to see the property or not. It will cost me at least 400 dollars fly in/out.
    The rental return is about 10% which is okay and not far away from the base hospital

    Cheers

    Profile photo of god_of_moneygod_of_money
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    May 13, 2009 - 1:52 pm

    Richard should be able to help you. I don't think he charges any commission up front.

    Solicitor… I always go to property lawyer… a bit expensive..200 dollars more than dodgy solicitor.
    I always asked for building and pest inspection… plus/minus ACCREDITED valuer

    Profile photo of god_of_moneygod_of_money
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    May 13, 2009 - 1:43 am

    Some of them charge per % of sale value but others charge set amount of fee.

    Please choose the buyer agent carefully…

    Profile photo of god_of_moneygod_of_money
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    May 11, 2009 - 12:29 am

    The formula is too simplistic
    in real life… it is much complicated

    You should always take into account of tax margin and depreciation on how to restructure the IP

    Profile photo of god_of_moneygod_of_money
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    May 10, 2009 - 11:36 am

    I am sure that you can get it from the newsagent????

    Profile photo of god_of_moneygod_of_money
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    May 10, 2009 - 11:23 am

    How about the cost, council, management fee etc???
    This should be part of equation
    Depreciation and tax margin……….!!!!

    Where about all the variable costs??

    Profile photo of god_of_moneygod_of_money
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    May 10, 2009 - 7:09 am

    I do normally read it for free @ Borders with coffee in Gloria Jeans inside the bookshop

    Profile photo of god_of_moneygod_of_money
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    May 6, 2009 - 9:41 am

    Thanks for your info Erik

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