+1 depreciator are really good.

Great set of goals. Nothing wrong with 20% deposits but give your stated aims of 3 in year 1 you will need a really good income to save the next 2 deposits in a short space of time. So I can’t see how you will hit your goal unless you go to a 90% lend and preserve some cash. 2 IP’s now and saving 1 extra deposit is way easier than saving…[Read more]

…and the land developers who got the approval and added all that value. Otherwise no not me either.

Congrats on where you are at! Good starting point for sure. You need a big picutre goal, one you really believe in, then you need a good strategy. Each property should fit into that and be purchased in the right order so your equity and cash flow position are as strong as possible. Some might involve value adding like renos, or…[Read more]

Agreed, completely ignored all of the fundamentals of 99% of the oz market. Untrue from start to finish.

In this case the loan set up may suit turning it into IP. Is it fixed interest only or fixed P+I? Either way there is not that much profit in selling so perhaps worth considering keeping it as you say. The infrastructure project development for your area sounds positive but FYI the growth rate of 15% was in 2013 not sure if there is evidence…[Read more]

God advice from Corey, and if considering a BA, FYI we are used to working with away clients, I have had plenty. It is not a problem as long as we can do postage of original contracts when required. Scanning and email takes care of the rest. Where are you looking? There are a few good BA’s on the forums. A typical client of mine will engage the…[Read more]

You are on the right track but try and get someone who is skilled in design to help you, even if overseas via upwork or fiverr etc. Not surprised that the big ones won’t share but there are about 30 smaller ones that might, otherwise as you said you really need a systemised way for attracting the agencies. Best of luck!

You are on the right track but try and get someone who is skilled in design to help you, even if oversease via upwork or fiverr etc. Not surprised that the big ones won’t share but there are about 30 smaller ones that might, otherwise as you said you really need a systemised way for attracting the agencies. Best of luck!

Understood. It is also possible to get help with the buying part ;)

Great food for thought @stevemcknight. Do you have a position on the benefits of this approach compared to a strong offer like a low cash offer or a faster settlement and bigger deposit. I was talking to someone today about a property purchased a solid 15% under market purely because there were no conditions and a really fast settlement. I…[Read more]

@igaldvir no worries at all I thought it was under construction and this would be the reason for partial data etc. I think that user experience is everything in this space so keep working to make it beautiful and simple for the user, and get as much data as you can, you may get some traction before long. Is there a way to partner with a portal…[Read more]

Good on you for developing this Im sure it could be useful for someone. My feedback is I tried searching in NSW it only appears to search VIC. When I tried to find houses in Kew near Kew Public School I only found one and the link was dead. Keep testing and improving. SAS and search tools are hard work but the traffic might be there if you nail it.

@kylie74 If you understand the local markets there are +cf properties in the major regionals along the QLD coast – with the advantage you could renovate if required.

You obviously need to review your own goals first, then your strategy, then buying criteria, and to be honest I think its a little early for a wholesale market improvement in some…[Read more]

@paulpetherbridgehotmail-com any thoughts?

GC is in ok part of cycle for buying after 8yrs limited growth but huge due diligence required as there is so much rubbish stock. You need to know what sub location, property type and price point to buy into to get the best opportunities.

Cool @world-changer ta for the link. Do you know if they are ok with acid sulfate soils?

To be fair I guess at 70k it might be 8% on a fixed fee around 6k. Not a common purchase price anymore though.

Howdy @elileon welcome. First up the journey of investing is fun, long, and yes it is great to open your eyes to the possibilities.

The mortgage brokers lawyers and accountants can speak with more detail about structuring solutions etc. I will keep it brief, to answer your question, yes, in the short term you have impacted your borrowing…[Read more]