Forum Replies Created
- 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 hours !!! reading over a builders inspection report trying to understand every terms in the rpoert and then spending extra 2 hour talking with builder about each technical terms (the builder was trying to hang up with me after 20 mins!!). The moral of the story is that it is important to learn but it is more important (if you want to be financially free) that you build a team of reliable and competent team members.
What I am doing now is to create a system for property investing and then apply this theory to my part time business that I am building. Time is now to learn and exciting time for all those who choose to enjoy the journey
Cheers
JohnnyWanting financial freedom is not enough. Take some action TODAY. I have successfully built my own PART TIME business whilst still working in a Bank. If you want to know more, PM or email ME.
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Dear Johnny,Well done!. I agree. You’ll go far.
regards,
Kenneth KOHDear 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 Singapore with their house construction in the same Estate.
2. I have received FIRB approval to purchase another piece of vacant land at the Achorage Estate and will be building there in early 2006, after the land purchase has been settled by end of this year.
3. Upon completing my 4th IP to Final Completion Stage towards the end of this area, I will be further uptending its loan and drawing out the cash available from the newly found house equity.
4. I am also in the process of raising a new loan to settle for my unit apartment purchase at the SWELL Residence in the Goldcoast market in Feb 2006.
5. Beside these, I am also busy working at obtaining the WA State sponsorship and subsequently to submit our application for the Australian Permenant Residency Visa, if God be willing. I am now back in Singapore, to help my daughter preapre for her coming GCE “O” level exams.
6. I will still have to conduct my own peronsal review for my own property porfolio and property investingf acitivitie for 2005 as well as to plan for 2006.
7. Well, I think I have my hand quite full, till the end of the year and will take a short break from further property purchases for the time being.
8. I’ve “no problem”, only exciting challenges and see plentiful of opportunities ahead of me and in the coming 2 years.
9. Thank you.
regards,
Kenneth KOHOriginally 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 the time and we reject a whole heap too.
Roy H.
L.R.E.A., Dip FS (FP)Guardian Property Specialists (GPS) is a research-focused company that specialises in sourcing and providing residential investment properties Australia wide!
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Hi Roy,1. I’m presently back in Singapore.
2. Can we arrange to meet up in person when I am next in Perth in early November 2005, to discuss our mutual interests, in property research and property investing in Perth/Australia.
2.My Australian mobile number is 0418758123 and my Perth home TEL/FAX : 08-93411236 and my email is [email protected].
3. Looking forward to hearing from you soon, please.
4. Thank you.
regards,
Kenneth KOHDear 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 KOHOriginally posted by Derek:Mandurah WA
Derek
[email protected]
http://www.pis.theinvestorsclub.com.au
0409 882 958***********************************8
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 Rockingham Shire and not under Mandurah, as indicated by the local sign-posting. This is can be further confirmed with a Street Directory for Perth.
3. This has specially significance for me as it does make a big difference to where I am developing my properties in order to qualify for the Australian Permanent Residency.
4. Like some of the forumites, I was once wondering why the land at Singleton is relatively cheap a year or 2 ago, until I was told to keep away from investing in that area as that there was some unconfirmed reports that some of the land were previously reported to be contaminated. Exactly where, my associate in Perth did not specifiy but was told that the adverse publicity made in the local newspapers some 15-20 years ago.
5. The views at Singleton Beachside Estate as well as Singleton Heights Estate looks good to me.
However, I am still trying to verify the unconfirmed reports about the land contamination before I actually decide to invest there.6. For your kind update,please.
7. Thank you.
regards,
Kenneth KOHOriginally 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 KOHOriginally 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 sentiments about the Singapore property market , despite being a Singaporean myself.
2. Though, I have greatly profited from the last boom from the Singapore property market, I still find that it is easier for me to make monies investing in the Australian residential property markets.
3. For those intend to invest into the Singapore property market, you will need to be a good property speculator/trader and can stay well-informed and abuzz with the real market movements on a real time basis, as the property market sentiments and market pricing do change quite fast over time.
4. Please take care and wish you all the best in investing into the Singapore property market.
5. For your kind update, please.6. Thank you.
regards,
Kenneth KOHOriginally posted by meilin08:Hi Brady5,
We have already bought here- bought last year – on Sentosa – they have built canals there…. not ready till end of 2006 and we have already made $200,000…..
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Dear Meilin, Brady5 and fellow forumites,1.What Meilin posted here has also been confirmed and widely reported in the Singapore Business Newspapers dated 11th Oct 2005, entitled, “Speculation makes comeback in high-end property market”.
2. for the full report, please refer to the following link:-
http://business-times.asia1.com.sg/sub/news/story/0,4574,172386-1129060740,00.html?
3. For your kind update, please.
4. Thank you.
regards,
Kenneth KOHOriginally 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 and was subsequently withdrawn only a couple of years back during the market slump, as what MeiLin has posted earlier.
3. However, please do not rule out the possibility of the Singapore Govt re-introducing the CGT again in the near future if a repeat of the 1996 property market frenzy will to recur again. This is according to the views of Mr Mah Bow Tan, the Singapore Minsiter for National Development.
4. For your kind update,please.
5. Thank you.
regards,
Kenneth KOHOriginally 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 Estate:
http://www.somersoft.com/forums/showthread.php?t=20903&page=4Thank you.
Cheers,
Kenneth KOHSimon
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 acceptable then please email me.
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our speciality*************************************
Dear Richard and Terry,1. Hmm..Interesting. 90% -97% LVR loan for the land purchase.
2. From which lending institutions and at what loan terms and conditions, are such loans available from? What’s about borrowings by non-resident foreign investors?
3. Can you please help me check out the LVR for loan to purchase vacant land plots in Rockingham (WA6168) and ShoalWaters(Wa 6169), please.
4. Looking forward to your kind assistance,please.
5. Thank you.
regards,
Kenneth KOHOriginally 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 wealth?
2. I am interested in learning more about your thinking on this subject matter.
3. Lookinf forward to your soonest clairification and elaboration,please.
4. Thank you.
regards,
Kenneth KOHOriginally 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 prepared to look for a hole in my simple analysis?
To reiterate, my thesis:– House price cycles are 16 to 17 years long.
– The cyclical low is always below a rising trend (‘fair value’).
– The ‘fair value’ trend of the current cycle for Melbourne is at current nominal prices in 2012 (around 368k / 300k x 2005 $).
– 2012 should be the next cyclical low, so selling prices should be below the ‘fair value’ trend at that time.If I could post graphs & tables, I could make my point more clearly, but any comment is appreciated.
F.[cowboy2]
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Dear Foundation,1. I must say it an interesting theory and perspective on re-looking/re-processing the past data on the median house price for the Melbourne property market.
2. Can you please send me at [email protected], all the relvant data, tables ang graphs, so that I can better understand what you are really saying in your post here.
3. How much lower is your cyclical low below a rising trend? So in your given example, how much below A$368,000 must be cyclical low be now?
4. Does your theory applies to the other property markets in Sydney, Brisbane, Perth, Adelaide and Darwin too?
5. If so, can you please provide the supporting data for us to jointly evaluate them with you.
6. Looking forward to learning from you further.
7. Thank you.
regards,
Kenneth KOHOriginally 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 theory.
2. Can your please further clarify on your hypothesis regarding the 4.1 average earnings limit as the recommended market exit price and its correlation with the banks’present l;ending criteria of 30% income.
3. Are there sufficient statistical data to confirm/disconfirm your hypothesis to date. If os, can you kindly produce these data for our collective joint analysis and review please.
4. Thank you.
regards,
Kenneth KOHOriginally 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 sale.
My 2 problems in this circumstance are:
* Using up my borrowing capacity
* Payments on a mortgage would be quite high for $480k, would I be able to cover it with the tenant-buyer***************************************
Dear JoshJ,1, If the present Sydney market conditions is such that it has already bottomed out and on its recovery phase, then I will agree with what you are doing.
2. I really cannot understand what you are doing here in the present declining Sydney market conditions whose price decline is likely to be prolonged over the next few years. What is the level of risks involved vis-a-vis the likely profit returns on investments?
3. Looking forward to hearing/learning from you soon,please
4. Thank you.
regards,
Kenneth KOHOriginally 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 it may be a little difficult to get a lender excited.
Price sounds ok for the area.here to help
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Dear GrossRealsiation,1. Are you really serious about wanting to make monies through renovations in a declining property market like Sydney?
2. What are the risks involved and what kind of profit are we talking about here in this case?
3. Looking forward to hearing and learning from you soon.
4. Thank you.
regards,
Kenneth KOHOriginally posted by Qlds007:Yes
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our speciality***********************************88
Dear Richard,1. Which and where are the usual lending instituations which readily accepts a 20% deposit through vendor finance?
2. Any different in their lending terms and condition s=imposed subsequently?
3. Looking for ward to learning from you soon.
4. Thank you.
regards,
Kenneth KOHQuote: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 much are you presently paying for your data from RP Data?
2. If you are in Perth, you may want to try DOLA.
3. Other commercial data providers include domain.com.au and propertyvalue.com.au. You may also want to further check them out yourself.
4. For your kind update, please.
5. Thank you.
regards,
Kenneth KOHOriginally 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 there myself.
2. My email address is at [email protected] and my Perth home TEL/FAX: 08-93411236.
3. Looking forward to meeting you in person soon, please.
4. Thank you.
regards,
Kenneth KOHOriginally 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. Our combined income in about $180K per year and we are paying a lot of tax. I want to gear against something.
I don’t want to just to sit down and expect things to happen.
I want to do something about my future and kids future while I am still young healthy and working.I know I can borrow a good amount of money from the bank but I don’t know how much to spend on one IP.
Thanks for your help.
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Dear Dkram,1. Good attempt in trying in define your own investng goals though they are still quite “vague and fuzzy” to me, aty this point in time.
2. However, I do hear you and your investing intentions, quite clearly.
3. I understand that you are Melbourne-based, right? So can I humbly suggest you contact Michael Yardney of Metropole Properties directly at TEL:03-9532-8889 instead and request a meeting with him to further discuss in details your present situation.
4. Please be informed that Michael is also a member of this forum. Michael is a highly experienced property investor cum developer himself and a very helpful guy. Thus, I have no doubt that he can best advise you how to go about investing profitably to achieve your own financial goals.
5. As for myself, I am a full-time property investor from Singapore. As I am normally based in Perth, though I do also travel to Melbourne, Brisbane, Goldcoast, Cairns and NZ from time to time.
6. Thus for expediency sake, I am recommending you to contact Michael directly in Melbourne instead;- though definitely I will also be more than happy to sit down with you in person to further discuss your situation in details, myself, should you so prefer.
7. I will also strongly encourage you to invest in your own self-education and other property investment education/financial literacy related education first as part of your own self-development to achieve your own financial goals in the near future.
8. My email address is at [email protected]. My residential telephone/fax number in Perth is 08-93411236. I will be flying into Perth tommorrow evening on 7th Sep 2005 and will probably be there till the end of this month.
9. Please feel free to contact me directly in Perth when the need arises.
10. For your kind update,please.
11. Thank you
regards,
Kenneth KOH
