Hi Luke,

Thank you for your feedback.

That certainly is an option and I hope people here don’t mind sharing more ideas based on this scenario. At least as alternatives I have not listed on my points above.

Something I may have missed. Perhaps people who have had a similar situation to mine and what they’ve done if they don’t mind sharing that…[Read more]

Hi

Thank you for that reply!

The aim is to find the best way to reduce debt and/or increase buying power to buy more IPs without going backwards.

I envisage that in the best case scenario I’d turn the PPoR into an asset or get monies from IPs paid back into the PPoR’s debt as it’s currently a high liability.

What I’m troubleshooting is…

1.…[Read more]

Hi all.I'll submit the notice in writting for sure but do I have to give the REA  30 day notice in the NON-exclusive period?  although what can the REA possibly do?… put out a contract on me? or turn up at the open house incognito and pass ugly comments to possible buyers? Thanks Xenia.  v8ghia stay away from the alcohol… give it all to me,…[Read more]

Hi noysee!

I’m a begginer investor from Sydney and I’m interested in the USA trip you mention in your post though with limited time to hunt and gather information at the moment, can I ask you to share more details about this trip? or just a link would be fine.

Hi bardon!

As you can imagine I’m very interested in the USA market at the moment…[Read more]

Excellent!

Thank you for your advice. Needles to say there are those willing to do their best to help when asked. I will follow through on each and all of those points.

I’m showing as much interest as I honestly have. I am finding that most RE salemen, in this new areas I’ve picked, seem to be under a lot of presure and no much luck. Their…[Read more]

I think it’s great though it’s reinventing the wheel!

those deals are indeed everywhere and you can buy them if you have the cashflow or can get public funds(which will come very expensive too) as banks lend you up to 70% but (and unless you’re a cashed up investor) usually lend you up to 50% LVR.

This information is first hand attempts and…[Read more]

Thank you Terry,

I’ve been looking through Anthony Cordato’s website and I’m going to contact the firm.

As a form of reference, can you tell me your views and experience with this firm?

I appreciate your comments.

Carl

Latinoz

Thank you Skippygirl, that was very helpful.

Regarding the equity on the place: I mentioned in my initial post a debt against the property of $250K so the equity is around $150K. About 100K left after (CGT/Vendor)+costs if sold.

The concern is mainly that I must keep tenant payment to around 30% of his income which means if it costs him around…[Read more]

Hi Terry,

Thank you for the input. I appreciate any comments/ideas on this.

Keeping it for capital growth was my initial intension. In fact, it’s probably all I can expect from it at this stage.

I don’t see how I can make it positive cashflow for a few years without putting a large sum of money into the principal and being negative CF it’s also…[Read more]

I also think that a 10-12% gain in one year is a bit rich unless the seller has made considerable improvement to the property. Either way, I would get a valuation done if I was (for some reason)sure the deal is worth it.

Also, From what I understand the owner is living in the property and wants to pay rent for some time. According to my…[Read more]