I’m all for seeing opportunity in this marketplace. Returns are extremely high, purchase prices have consolidated, and interest rates are stable. Holding costs are very low (in general- some areas provide higher yields).

Call the agents on prospective properties you seek interest in as the visual price 99% of the time is not the sale price.

Good luck.

Hi Dale,Great concept and thanks for sharing your new success. Can I askBy short term are you doing 3 month leases, weekly etc.?What does your property manager charge you for management and lease fees?I look forward to your reply

lifestylez wrote:
I'm looking to buy in Brisbane next year, hopefully within about 9 months.If prices stay flat or fall a bit further, that will be great for me.  However, I'm a little nervous they will shoot up in that time.  From what others have been saying, they don't expect that to happen.  But if the anticipated rate cut happens on me…[Read more]

Hi Michael,
Certainly an expert in your craft. Thank you for the comprehensive analysis and ways around financing this property. I’ll keep you in mind if I have any tricky ones.. haha.

Where is your office located?

Qlds007 wrote:
If i may be so bold to go back to the original post made there are a couple of lenders i can think of who would take the total income into consideration rather than an assessed income made from the local valuer.Course i can see the other side of the coin from the lenders perspective and that is when i reposess do i really want to…[Read more]

Andrew_A wrote:

matthew.f wrote:

Andrew_A wrote:

matthew.f wrote:
I thought I would share my frustration with some new bank lending criteria. I have sourced a property in Brisbane 2km from CBD. Returning just over $1,100 per weeks and for sale in the low to mid $800k's. Gross returns for a house @ approx 7.2% gross returns. With 10%…[Read more]

Andrew_A wrote:

matthew.f wrote:
I thought I would share my frustration with some new bank lending criteria. I have sourced a property in Brisbane 2km from CBD. Returning just over $1,100 per weeks and for sale in the low to mid $800k's. Gross returns for a house @ approx 7.2% gross returns. With 10% deposit and such great returns it seemed a…[Read more]

lifestylez wrote:
I'm not buying right now because I plan on getting back into a PPOR in Brisbane next year.I basically do not have enough spare cash or equity to buy an IP at the moment.Wish I did though, because there's some good buys out there.

Is that link to Logan City your site…

Great post.

Jamie M wrote:

matthew.f wrote:
Any thoughts.

Try another bank.If there's a broker organising the deal they should be able to make some calls to see which lender will accept it.CheersJamie

Thank you for your suggestions.

Helpful.

beedie wrote:
We buying/searching inner city Brisbane development sites, however most sites that come up are either secondary sites or still overpriced  or a combination of both……  so most just sit there going stale ….. seems like a lot of sellers have bought in the recent peaks of the last few years and trying to flog them off but u…[Read more]

Hi Garry,
Thank you for your kind words. As stated the arrangement would not be under a buyer’s agent authority. This gives the opportunity for people who are not in the financial position to employ the services of a premium buyers agent, to seek assistance.

leewizza wrote:
It’s about time someone said it. Well done!
I too believe it is impossible to find these CF +ve properties.
Not one so called mentor or even guru investor seems to be able to tell us newbies how to do it without maing no sense.
All I want is for someone to write a book or hold a seminar which isn’t about purely motivational talk…[Read more]

Is it $100k cash or equity?

If positive cashflow is your strategy or priority. 20%+ down on 3 cashflow properties. Minimal ongoing contribution and low risk high yield returns in a marketplace where rental demand is assured as apposed to uncertain short term capital growth.

I thought I would share my frustration with some new bank lending criteria. I have sourced a property in Brisbane 2km from CBD. Returning just over $1,100 per weeks and for sale in the low to mid $800k’s. Gross returns for a house @ approx 7.2% gross returns. With 10% deposit and such great returns it seemed a no brainer. This house is in…[Read more]

Hi Garry,
Thank you for your question… As the conjuncting agent their is no conflict of interest. I provide all the services that a buyers agent does, without the fee.

Regards,

Matthew Frost

Hi Amy,
Identify first what your target market is. Investor, renovator or owner occupier.

Things to consider:
– If it is best sold as an investment, then it is best to have a lease in place at least periodic (not vacant).- Investors want to know the exact dollars coming in, and not have the initial hassle of finding tenants or being fooled by an…[Read more]

Kaylah wrote:
It really depends on what type of strategy you are going to use, eg, development, cash flow, renovating, flipping etc. Until you have a clear goal and objective then your just going to go around in circles. What type of strategy where you thinking of?

Absolutely spot on here. Don’t jump the gun and steam role forward without…[Read more]

Hello there,
10% is extremely high. Understandable if your investment is in a hotel letting pool where much more service is required. In this circumstance 10-12% is the norm. In your circumstance absolutely not.

8.0% + GST or 8.5% + GST is all that is required.

You want to ensure that you are putting a competent agent in control of your most…[Read more]

Hi Simone, Whether you think you are right or wrong… your right. Although the prospect of purchasing next door to your mothers sounds great, investing requires no emotion. Have you read Steve McKnights books? Great concept. Talk about bullet proofing or recession proofing your portfolio. Great read. <moderator: delete…[Read more]

Hi there,
$1,300 invested into further enhancing your knowledge is money well spent. People spend far more on toys etc that do nothing in building wealth but don’t 2nd guess themselves.

Presenters or wealth creators who are renowned and charge for their services will have a great book with all the content and for $30bucks usually.

Hope that…[Read more]