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Viewing 7 posts - 1 through 7 (of 7 total)
  • Just do it
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    @just-do-it
    Join Date: 2006
    Post Count: 10
    August 25, 2014 - 1:01 am

    Yes Apia have a specific landlord policy. It’s a reasonably new product in the last few years. It actually stacks up quite well with it’s features. Nil excess benefit as well if it’s a rent default claim only.

    Just do it
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    @just-do-it
    Join Date: 2006
    Post Count: 10
    August 24, 2014 - 5:47 pm

    CBA havent had a problem lending us 95% over the past 7 years. At one stage they changed their policy on investment properties to 90% but that has since been reverted back to 95% for the last few years.

    Just do it
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    @just-do-it
    Join Date: 2006
    Post Count: 10
    August 24, 2014 - 4:07 pm

    Depending on your location, if you are financially better off renting than owning then I would continue to rent and purchase an investment property. Depends on what kind of investment you are after too. I own a number of cash flow investments properties but still rent and have no plans to buy a PPOR anytime soon. I can rent cheaper where I live than to outlay a large sum of money to buy in this location. Because the investment properties are all cash flow positive so this helps in obtaining finance for further properties. Investment purchases should be numbers based and PPOR will be more emotional based. Really depends on your situation and what you want to achieve

    Just do it
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    @just-do-it
    Join Date: 2006
    Post Count: 10
    August 24, 2014 - 3:58 pm

    If I came into $125k, I would buy 4-5 cash flow positive properties with 95% lends. Most would need renovation work (5-15k each) but value adding approximately $30 – 50k each once complete with strong rent returns

    I am 30 and own 15 investment properties bought over the last 7 years. Works for me….

    • This reply was modified 10 years, 4 months ago by  Just do it.
    Just do it
    Participant
    @just-do-it
    Join Date: 2006
    Post Count: 10
    August 24, 2014 - 3:39 pm

    I bought in Goulburn nearly 5 years ago. Snagged a house for $110 k that needed renovating and yoday rents for $270 and would be valued over $200k. Goulburn is now out of my price range but it’s certai ly still a good buy depending on your strategy. When I was last there they also had built a Bunnings which is a good growth sign. You really need to spend some time in the neighbourhoods

    Just do it
    Participant
    @just-do-it
    Join Date: 2006
    Post Count: 10
    August 24, 2014 - 3:31 pm

    Ive worked in insurance for the past 7 years. APIA does if you are over 50 and AAMI and GIO do to but all with varying features

    Just do it
    Participant
    @just-do-it
    Join Date: 2006
    Post Count: 10
    October 6, 2006 - 8:25 am

    Thanks..does anyone know of any other sites like these two who also do renovations for profit, besides the Reno Kings??

    Looking at the usionline website, they seem to be combining reno’s with positive cash flow really well.

    Gem

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