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Investor Ros
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@investor-ros
Join Date: 2013
Post Count: 5
July 3, 2013 - 10:35 am
I would take advantage of the 100% loan and try to pay as much off it as soon as possible. We have found we can get 100% loan on every property after paying a good percentage off the initial one.
Investor Ros
Member
@investor-ros
Join Date: 2013
Post Count: 5
July 3, 2013 - 10:18 am
Nathan, we are about to embark on our first development of 3 units on a property we have had for some years. We have other investment properties also. Our strategy is to have as much paid off the property as possible to reduce the amount of finance required for the development.
Investor Ros
Member
@investor-ros
Join Date: 2013
Post Count: 5
July 3, 2013 - 10:15 am
I would look into whether your parents can get rent assistance. You may be able to increase the rent return without costing your parents any more?
Investor Ros
Member
@investor-ros
Join Date: 2013
Post Count: 5
July 3, 2013 - 10:06 am
Hello, when looking for a property manager ask how long they have been a property manager for as there is a large turnover of property managers. If a property manager has been at the same company for many years I think that is a good sign.
Investor Ros
Member
@investor-ros
Join Date: 2013
Post Count: 5
July 3, 2013 - 10:02 am
Hi, there are many strategies out there but my strategy is to pay as much off the property as possible using your own money as well as the rent received to enable you to have plenty of equity to buy the next one. This strategy has worked for us and we now have 5 properties with little debt. We generally avoid units (except for one) as older properties on larger blocks may have more development potential down the track. Good luck.