Forum Replies Created
- jcso99 wrote:Hi Martin,
For residential apartment in an area that will attract quality tenant, does it yield close to 10% net (after all expenses) and what is the borrowing rate based on LVR of 70%? Thanks in advance for your help.
Cheers
JohnYields can be low, about 9% but if you furnish the property you can increase it to 12% or about USD $6000 in your pocket per annum. I always do my numbers on 70% but sometimes we get 75% LVR. Interest rates obtainable at settlement vary greatly from month to month. 6.8 up to 7.5%
Cheers Martin
[email protected]My response about Westan Johnson
I have followed the advice of Westan Johnson for a few years now, and thank God i did. It has changed my life for the better. In 2005 I went to Buffulo NY to look at property with a business associate. We found it all too hard, despite the high rents etc. When I was introduced to Westan I was also cautious, and went to Texas to investigate. All he said was true. One of the reasons he liked Texas so much was the strong economic fundamentals that would hold up better in any down turn. He was right. Never have I made and continue to make so much money from property than I have from Westan's guidance. I have referred many clients to him and they are all very happy.
Martin
Texas is a great place to invest. The state is still in positive growth and not in recession with good employment growth. I have invested in 3 residetial and 2 commercial properties in Houston with great results, thanks more or less to Westan Johnson I must admit. His expertise in this area is second to none. I refer my clients to him all the time. The best way to make money is to focus on areas that are in transition from old industrial slum inner city areas to newer yuppie areas close in the city of Houston. There you are going to get extra growth as these areas play catch up with the better areas surrounding them.
Cheers
Martin
