Originally posted by Wake:
I guess the reason we’re not buying in the next few weeks isn’t so much a problem that can’t be resolved but rather sticking to our goal.

Next week we are going to Qld to plan a cosmetic reno on a place we bought 13 months ago which is needed to move it from 1970’s to 2005! The extra equity from that (not to mention…[Read more]

Originally posted by jcso99:
Thanks for a great post.

I will share my experiences. When I first started, I try to expand my knowledge base as much and as quickly as possible. One of my humble begining experience is trying to read and understand every term in every reports for each property that I am interested in. Example is that I spent 3…[Read more]

Dear All,

1. I’ve just completed the legal completion for one of my houses at the Anchorage Estate in Rockingham this Thursday and am in the process of reaching final completion for my 4th IP in the same Estatem, having achivwed its Practical Completion Certificate from the In-Vogue Builders 2 weeks ago. I am also helping 2 other investors from…[Read more]

Originally posted by GPSNetwork:
Well we and our clients have been utelising our extensive Research and negotiation power to buy in high growth, low cost, New & refurb developments in Qld & WA under $320k on regular bases. We don’t tie ourselves to any particular area which allows us to always choose the best deals as we are offered a fair bit all…[Read more]

Dear Marisa,

1. How long have you been living in Singleton? Perhaps, you can help me verify/confirm about the land contamination issue in Singelton?

2. Thank you.

regards,
Kenneth KOH

Originally posted by Derek:
Mandurah WA

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

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Dear Derek,

1. Like you, I used to think so until I re-visited Singleton Beachside Estate recently together with Dave.

2. To my own surprise, Singleton is actually located with the City of…[Read more]

Originally posted by Brady5:

I would only buy in districts 9, 10 and 11.

Would never contemplate leasehold no matter how good the positive cash flow.

Brady5

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Dear Brady5,

1. Care to share the rationale behind your a/m thinking so that we may learn?
2. Thanks.

regards,
Kenneth KOH

Originally posted by IMAC:
Hi All & meilin08,

“This is a market that I am not brave enough to get into….too many rules can be changed overnight. I see the neverending building of Condos just goes on forever.”

IMAC.[cigar]

Looking to go Positive

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Dear IMAC,

1. Well said here!. I do share your concerns and…[Read more]

Originally posted by meilin08:
Hi Brady5,

Yes I have checked and double checked – CGT was abolished a few years back….

See ya, Mei

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Dear All,

1. As a Singaporean, I can confirm that presently there is no CGT.

2. CGT was first introduced in 1996 in Singapore to curb the property speculation frenzy then…[Read more]

Originally posted by Simon_G:
Thanks for the offer Kenneth, but I am in Sydney and wouldn’t be able to get there for about 4-5 weeks.

Are you able to give me some details of this estate?

Thanks,
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Dear Simon_G,

You may want to visit this link for more details regarding developing in the Anchorage…[Read more]

Originally posted by Qlds007:
Hi Vernon

On the basis that the land is residential and normal size block then you would be able to get upto 97% LVR assuming that you intend to build on the block within 12 months.

If not then i will probably be down to 90%.

If you have a block in mind and you want us to check it out to ensure the post code is…[Read more]

Originally posted by foundation:
I don’t aspire to be a landlord on a massive scale, but will use real estate to build wealth if and when it makes sense to.

Cheers, F.[cowboy2]

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Dear Foundation,

1. Care to further elaborate on your a/m statement, “if and when it makes sense to” to use real estate to build…[Read more]

Originally posted by foundation:
What? >100 views and nobody has a comment? After hearing “real estate cycles are typically seven to ten years”, “we’ve reached the low point in the current cycle”, “it may look like a bad investment NOW, but time heals all wounds – in ten years you’ll be quids ahead” etc so frequently of late, surely somebody is…[Read more]

Originally posted by jtw:
My theory is that 4.1 times your average earning in an average market is the type of house you would aspire to live in, an can afford (remember 30%wages bank criteria) when it is above or below the 4.1 is in MY judgement a time to buy or sell. JTW

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Dear JTW,

1. Interesting post and…[Read more]

Originally posted by JoshJ:
Well I have to give her some money, so I guess I would have to buy. I can’t see any other choice.

But she will likely carry the rest so there would be no money down. Unfortunately I do not want to use all my borrowing capacity for this deal.

I could probally find a tenant-buyer first and then proceed with the…[Read more]

Originally posted by grossrealisation:
hi JoshJ
Put a put call option or delayed settlement on the property.
Then organise to fix the outside up and then revalue and lend on the new value.
Watch the mascot area some parts are good but some are on the market because the builders are over committed and are getting hit around the head by the banks so…[Read more]

Originally posted by Qlds007:
Yes

Cheers Richard

Ph: (07) 3720 1888
richard@yourstatefinance.com
http://www.yourstatefinance.com

IP funding and US property finance
our speciality

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Dear Richard,

1. Which and where are the usual lending instituations which readily accepts a 20% deposit through vendor finance?

2.…[Read more]

Quote:
Originally posted by d1978:
Hi Guys,

I was wondering if anyone could tell me how I could access info on sold property prices of suburbs other than getting it with RP data. Is there any free or more cost effective way to find out how much surrounding dwelligs have sold for.

Thanks
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Dear D1978,

1. May I ask, how…[Read more]

Originally posted by Simon_G:
Thanks for your input people. I will let you all know how my research and hunting goes in WA.

Simon.

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Dear Simon,

1. If you are in Perth next week, I will be more than happy to show you around the Anchorage Estate in Rockingham where I have personally invested in 4 houses…[Read more]

Originally posted by dkram:
Thank you everyone for ur time.
Dear Kenneth,
My property investing goals: I want financial independence. I want to own a couple of residential IPs.
I want to buy and hold them for sometime. Probably till I am still working as a IT consultant (that maybe for next 10 to 15 years).
I want to reduce the tax I am paying.…[Read more]