Forum Replies Created
Love to know how you went with it today, I’ve been thinking of doing the same thing, although 4 local architects in the area don’t know how to return calls.
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auSimple enough, just make sure you do your Research to where you should buy first. This will impact the effect of how many properties you can hold ect.. Depending on Rental Returns and Depreciation of fixtures & fittings ect..
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auRP data is a valuable source of info,although it’s just one source.
In my opinion it will give you an estimation of where you should be looking but as you know nothing is guaranteed and the information may not cover all you need to know.
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auWithout knowing all the details about your situation, it’s best to hold on to what you can for as long as you can and buy against it another home and rent the first if able.
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auPersonally, I can’t see why not, you just have to have a dollar figure regardless of how much, as long as the balance is paid on settelment and the vendor agrees…
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.aulender or a broker don’t matter, we need to arrange time to meet in Sydney
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auI agree with hmackay Research, Research, Research really that’s your only savior.
You being here and getting assistance is a great start to overcome your nervousness, I know it’s very hard the second time around although there are people out there that do it differently.
Personally I haven’t looked into the Geelong region, but we are great believers of the Perth market, especially neutral or slightly negative geared properties in high growth suburbs.
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auThanks, I was after someone that does predominately residential properties and preferably based in NSW..
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auNike it… Just do it!
Seriously, do your research and go for it, anyway the banks won’t lend you the money if it’s not worth the buying.
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auIt’s always a goodtimeto buy, especially when everyone else isn’t…
Always do you research first though to make sure yo are getting a good deal, only then it’s the right time to buy and hold..
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auIt sounds like it’s time to spoil yoursel and lead by example, I think you will get more personal satisfaction that way.
Just remember you are boss.
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auI don’t think anyone is going to give you the answer you want to hear cause no one has that crystal ball we all wish we had, I say just buy when you get the a good oppurtunity and hold on to hem as long as you can.
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auThe usual advise is to buy and not sell unless in desperate need, weare great beleivers in the WA market and know that you can make good money in growth in time to come.
You can also find properties that really don’t cost as much in holding as the returns are quite good.
I’d say if able, buy positive cashflow properties against existing investments to balance out your portfolio.
A for a good accountant we use Peter Hawketts from Hawketts Accounting Ph: 02 4677 0361
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auDifficult, butthe only advise I can suggestis to try another broker who is more desperate for a finance deal and he or she will be more likely to pull it through.
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auSimple strategy that you may have already tried would be to find out her exact fears and concerns about investing in property and tackle them with real solutions before suggesying any particular property.
It’s important to get all of great concern resolved first, it’s a big step for her too and alot of us hate change!
Maybe she’s scared of wealth??
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auAlmost sounds immposible huh, although we have some refurbished one bedroom units in Cenral Coast NSW for $125k returning $130-$135 pw in rent.
That might be an option for you to coinsider.
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auDepending on which unit or apartment and Gilad ersonal financial requirements, in the case were Gilad needs an investment without too much to worry about and a low entry point, maybe strata titled investment like an apartment or flat is the better option.
If you think your paying too much in tax ect, than a new or refurbished property is your best go.
There is no one rule to fit all.
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auWell, in most cases buying a home for yourself to live in will be more costly than buying a home as an investment and renting it out.
If you were to take the investment option, than it’s about where you buy, rental returns ect.. Don’t forget, when the market is down, it’s the best time to buy..
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auGungahlin is a well established area, we have relatives that live there and we visit often, Canberra is having great growth, but it all depends on what are you after as an investment…
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.au
