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  • Profile photo of investorjohninvestorjohn
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    @investorjohn
    Join Date: 2012
    Post Count: 5
    Jamie M wrote:
    I'm biased but you should probably start with speaking with a mortgage broker that deals with property investors. He/she will be able to assess your situation and advise on how much you can borrow to purchase yourinvestment property, etc. This shouldn't cost you anything (most of us are paid a comission from the lender you decide to get your loan with).

    There's plenty of books (Jan Somers, Margaret Lomas, Michael Yardney, Steve McKnight to name a few) that are worth reading. Forums like this also offer a wealth of information.

    Once you're clued up, you'll have a better understanding of what you're looking for in an investment property. You can then either search for it on your own or enlist a buyers agent (which will cost you some money but their expertise may land you a better deal than you could find on your own).

    Cheers

    Jamie

    It is natural that you’re biased. Well, at least you gave a good advice there. Cheers!

    Profile photo of investorjohninvestorjohn
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    @investorjohn
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    Danny F wrote:
    what other responsibilities do i take on as a land lord of a commercial property?

    I just want to add this:

    Tenants are typically responsible for internal repairs and maintenance. However, in some cases you will also be responsible for external maintenance. This is more likely if you’re the sole occupant of a building.

    Profile photo of investorjohninvestorjohn
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    @investorjohn
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    Freckle wrote:
    Hedge fund hot money with no where to go. Another bubble, albeit small, in the making.

    I would make sure I covered my positions with rock solid agreements and secure payment arrangements. I can see this thing blowing up in very short time with these guys.

    They’ll drive the market at break neck speed as others pile in also trying to catch the ride up. This is your perfect boom bust model.

    Have fun while it lasts. Just don’t get caught holding the bag.

    Very well said Freckle! Cheers mate!

    Profile photo of investorjohninvestorjohn
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    @investorjohn
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    mattsta wrote:
    Why not just go with a full time property manager to help you out? It may be a more costly option, but it is also one of your best options.

    Yes, I think mattsta is right. I think too that this is the best option to choose in your case.

    Profile photo of investorjohninvestorjohn
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    @investorjohn
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    bugeye23 wrote:
    2. whoever buys my house in the future would never have to pay for electricity again.

    Who knows? Maybe I’ll be the one to buy your house in the future! I’ll never pay for electricity again. :)

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