In that situation my pick would be for a renovator in a growing area on a block that has dev potential. You can buy, reno, rent, then spend the next 12 months attempting the development. While you are doing that its growing with the market. CG is easier money than straight reno flipping in my view. You can certainly try fipping as a volume…[Read more]

Well done Tony! This is a great outcome if you have the capital and can handle the costs and timeframe. As such its not for everyone but the rewards are there. I have seen a few folk do very well indeed with this style of deal when a boom comes around and everything doubles. Kudos!

As Jamie said above re Sydney Brisbane is a big place. If you want affordability and to be close enough to the GC then consider Logan or Beenleigh areas. They will be last to get major growth in the current cycle but are well priced currently with good yields if you buy well.

Not to buy at the end of a boom unless you really really want to.

This is a public thank you for Woohah76 who promptly posted as discussed. Thanks W.

Ok i give up here is a copy paste of the link, perhaps it will hyperlink and perhaps not. Any technical folks are welcome to school me up on the finer points of getting that to work in here.

Thanks

Oops I can’t see the image – any tips other than trying both “link” and “ing” buttons?

In my experience GF’s can add great cash flow, but they don’t always generate great revals or impress banks regarding equity. Every case is different of course, but in the burbs this is a common issue.

Re the hunter if you are trying to find the bottom of the market you might well be close. But just be aware it might be a loooong road back.…[Read more]

Many Buyers Agents offer this as a service (cheaper than full BA fee).
BuyersAgentGuide.com.au has agents by region.
Where is the property?

Alternatively (assuming you know the property well, have done all your due diligence and are confident enough) you can ask the selling agency to register you, and allow you to phone bid on the day. There…[Read more]

Hi Ronnie,

There will be others more qualified in the specific area of finance but as a small business owner I understand your dilemma. The fact is most small businesses don’t succeed. The primary quoted reason is cash flow. Given these statistics I would say a longer term loan with lower repayments is likely to present as lower risk. Having…[Read more]

I have seen DA’s lodged prior to settlement before, either by written approval giving you authority to sign or alternatively a clause agreeing for the vendor to actually sign the DA papers – meaning you fill in all the forms and hand to them to sign as if it was their request, then it goes to council (both can work)

My issue is if you plan on…[Read more]

Great post Brazen! I saw a house a while back which was right at the back, two houses either side right at the front and thought “I bet I could do that….but I wasn’t sure it was technically possible” as you said very rare but possible.

As scha said on the ground research is important.

But as Jacqui clarified – to define a set of criteria to even choose the suburb comes first.

1: Decide on your goals (ie are you investing for cash-flow, capital growth, to get some quick equity for your own house soon??? there are many different goals, if you don’t even know what they are then…[Read more]

The challenge here is that you work for the person paying your bill. That is the builder. You can definitely help clients see the benefits of the houses, and you could (for example) help them run cash flow analysis of the investment to see their potential profits and losses. That would be more helpful than most agents. You can also use your…[Read more]

Finding any real estate – placing it under option and on selling is a viable strategy. The problem is that it only seems to work in practice with larger blocks or dev sites. Mums and dads who are ready to sell their homes now are suspicious of options. Options fees and terms are highly variable. It all depends on the deal.

Just trying to…[Read more]

Maddy I just want to ask why the Hunter in the current market? It has been hard hit by coal prices dropping and mining activity reductions. Perhaps long term this will improve but Muswellbrook for example currently has a vacancy rate of 9.5%! Thats not an easy place to find a tenant (or fast capital growth for that matter). Maybe in a year or 2…[Read more]

In terms of strata titling the titles office are the ones signing off on that and the type of construction is vital to the success or failure of the strata separation proceeding. Fire separation is vital so all brick is best, otherwise expensive fire rating of all party walls is required. Also if facilities in each unit are not adequate to strata…[Read more]

Yes Jamie and Terry above have good points. Education will help you build a great set of advisers to help you move forward. You may or may not need to sell to build a portfolio – there are plenty of creative options with financing that might mean no need to sell. If you want to sell for lifestyle reasons then this is obviously different.