Mr Pham wrote:

Also to add further context I have negotiated a flat fee with my conveyancer whereby she will review up to 4 contracts with 1 settlement, as such I don’t want to send every contract if I know my offer hasn’t got any legs as I will quickly chew up my allowance of 4 contracts?

That’s quite generous of them – I don’t know many that will do that.

Like Terry mentioned – prob best to put any offer via your solicitor if you’re concerned about wording, clauses, etc.

Cheers

Jamie

kirstie wrote:

Also if a property is positively geared does that mean the capital growth doesn’t go up as much?

It’s a bit of a generalisation but it does tend to hold true (in my opinion anyway).

My worse performing property in terms of capital growth is also my best performing in terms of cashflow. However – the additional cashflow that it generates isn’t significant enough to make a huge difference.

Therefore, I’m a bit of a boring buy/hold in larger cities type investor (even if they are CF negative). As long as I’m reasonably confident there’s going to be decent growth – and there’s also the ability to manufacture some via improvements, then I’d prefer these properties over CF+ properties in regional/rural areas.

Cheers

Jamie

Hiya

It depends.

If it’s a set and forget IP that you don’t plan on doing too much with (selling, releasing equity, etc) and you take comfort in knowing what your repayments will be then fixing can be a good option.

Note – you can still release equity against a property with a fixed loan but if for some reason the lender doesn’t allow it then you’ll have to refi to another which can be costly due to high break fees.

Cheers

Jamie

Hiya

Do a google search and/or read some of his books. I’m sure all the info is easily accessible.

Cheers

Jamie

I’d look at arranging your own independent building inspection – that should provide some peace of mind.

I’d also try and find information on other developments that the builders have carried out.

Cheers

Jamie

Hi Mayce

Welcome aboard :-)

It’s not uncommon to become overwhelmed. There’s a lot of information out there to absorb.

What are your general concerns?

Cheers

Jamie

Hi Lyn

Are you wanting your own valuation done for peace of mind?

As has been mentioned above – the bank will only lend against the valuation that they arrange….and the vast majority of the time, those valuations come back at the purchase price.

Cheers

Jamie

Colin Rice wrote:

I suspect a very clever sales pitch appealing to human emotion is behind these nasty novated leases.

oh man – tell me about it.

Being based in Canberra – I see so many APS staff who have salary sacrificed expensive cars that kill their borrowing capacity.

Cheers

Jamie

Hi Jeff

Get a pro to sort this out for you – Terry has provided some good advice and has been around forever, why not hit him up.

Cheers

Jamie

Derric wrote:

Is this a good idea and does anyone have any experience with these areas. Thanks

Hit up Matt Knight 0410 720 989 precium.com.au

I had lunch with him yesterday – smart guy and good BA on the South Coast.

Cheers

Jamie