Hi Faith  As an investor you want to build a relationship with a solicitor. Maybe you should start now rather than later…  Happy Investing

Hi Guys, my bad, sorry, Richard is correct, 60% LVR on Lo-Docs under a trust structure for ANZ.  I got mixed up as the last two I have "written" using ANZ were full docs. However St George does 80% LVR under trust structure for lo-docs.  Dave,  around 8.6% at the moment , not the cheapest one for sure.Happy Investing

Richard, I personally have  ANZ lo-docs at 80% LVR with a corporate trustee…  I also have lo docs with St George – 80% LVR…BTW, no one mentioned Pro Pack, or any pack for that matter.Happy Investing

Hi Dave, sure mate, ANZ, St George just to name a couple. Lo-Docs, 80% LVR, trust structures, no worries.    Happy to help, please feel free to contact me if you have any further questions, etc..  Regards

Hi there, $3000 to set up a trust is very expensive; I paid around $1,000 for each of mine (3 so far).  There are a lot of “good” banks out there that will lend you money using a trust structure; you just need to work with a good broker. I get loans for my clients and myself with the “better” banks ALL the time. It’s not hard at all.   In regards…[Read more]

Hi there, based on your numbers you have around $60K in equity (80% LVR) that you could use to purchase another IP. You have not mentioned if you have credit card debt, car repayments, etc, etc, however with an income of $120K you should be able to borrow to purchase another property.  $60K is 20% of $300K for example…  Happy Investing

Hi TQman, I recommend you “device” a plan based on what do you want to achieve and then your plan will tell you if the CBD investment is better than the house on the suburbs, etc. Property investing is just a vehicle to get you where you want to go.Apartments are “cheaper” to hold, however offer little or no possibilities of adding value and gro…[Read more]

Here is what I think:1. The property is not really positive cash flow as the interest charged is still the entire amount – you have just avoided paying some of it in the first few years. Cash flow is determined by income, plus tax breaks, less expenses. Your 'expenses' are still the full amount of the interest charged. You are just deferring…[Read more]

Hi there, with Brisbane being a bit “hot” at the moment, you could be looking at around $1,250 x sqm. I could be wrong. I had a property in the Toowoomba area that had potential for sub-division, development, etc and after getting a few quotes for developing, the numbers did not stacked up as the local builders were so busy that they were over quo…[Read more]

<p style=”margin: 0cm 0cm 0pt” class=”MsoNormal”><font face=”Times New Roman” size=”3″ color=”#000000″>Hi there, with Brisbane being a bit “hot” at the moment, you could be looking at around $1,250 x sqm. I could be wrong. I had a property in the Toowoomba area that had potential for sud-division, development, etc and after getting a few quo…[Read more]

Hi there, with Brisbane being a bit “hot” at the moment, you could be looking at around $1,250 x sqm. I could be wrong. I had a property in the Toowoomba area that had potential for sud-division, development, etc and after getting a few quotes for developing, the numbers did not stacked up as the local builders were so busy that they were over quo…[Read more]

The US is going to continue to print some more money to help with the declining property market and the also “declining” consumer sentiment. So the $US is going to to be worth less, at least in the short term. I suspect professional traders will continue to make a killing on silver and gold shares.  Happy Investing 

I think L.A Aussie (Marc), sums it up very nicely. Just by reading, one can tell he has been there…done that.I would follow his recommendations; and especially the most important one: never ever "downgrade" a property from 3 to 2 bedrooms… Throw some work – parties (beer and steaks) at your new place with your mates and get them to help you…[Read more]

Hi there, Robyn Grinter, from Gems Properties, is the ‘equivalent” to Steve McKnight over in New Zealand, 303 properties in 3 years, last time I spoke to her, which was last week.  A great property investor and also a personal friend and mentor. She runs property investing courses in New Zealand, etc, send her an e-mail: notify@nzgems.com     Keep…[Read more]

Hi al221  Congratulations on taking the first step. Fixing your rate will give you that peace of mind. However be mindful that when you fix, you have restrictions when trying to pay down the loan as you are planning. There are products that allow you to fix a part and have another portion variable, pretty much the best of both worlds like pete…[Read more]

HI Shaun  It seems your bank no longer wants to work with you. Time to look form those that do. Very likely the person that told you to sit tight and do nothing has no property and can only dream about the returns you are getting from your properties.  Do not let them slow you down.  Keep it up mate, the returns you are getting are awesome,   Hap…[Read more]

Hi MCGJ,   A lot of areas in Sydney are for sale now; your intuition is serving you well. As for investors, sophisticated investors are buying like crazy. By the time you hear “investors are back in Sydney” that is the moment you should be taking profit, I will.  Happy Investing 

I have a few other properties with similar characteristics; I was just off loading … another one…The property is gone now, another happy customer. When you leave something on the table for the person after you, the results can be great.   Thanks for the feedback.

The selling agent rang me yesterday saying there is another party interested in the property. Also, the cool thing is that I always have an exit strategy when I buy, for this property is to get a tenant in and it will be cash flow neutral. This property has also development potential (950 sqm) with rear lane access, etc.   It is good to have…[Read more]

Hi There,   –         If you sell, do you have a better place/investment where to park your profit?–         Depending on your financial “position” you could use equity from this investment to buy another property.How’s the cash flow from this property? Is it “cramping” your style or can you sleep at night no worries?  I don’t know Kevin Turner,…[Read more]