Replies Created | Forums | mattsta | PropertyInvesting.com

Forum Replies Created

Viewing 20 posts - 121 through 140 (of 590 total)

« 1 … 3 4 5 6 7 8 9 10 11 … 30 »

mattsta
Participant
@mattsta
Join Date: 2011
Post Count: 604
November 16, 2012 - 6:01 pm
I do not think it is too late, but I would recommend you to get in touch with a bank loan representative to see how much money you would be able to borrow at this moment to get a new property. Also, I recommend to look into under value property. Often you can find great investment deals to get positive cash flow buying under value and then renovating a property.
mattsta
Participant
@mattsta
Join Date: 2011
Post Count: 604
November 16, 2012 - 5:56 pm
Here is the great article that focuses on 4 major questions you should ask your home buyer before accepting the offer. Here is the link to it http://www.trulia.com/blog/taranelson/2011/07/4_question_to_ask_your_home_s_buyer. I hope it helps.
mattsta
Participant
@mattsta
Join Date: 2011
Post Count: 604
November 16, 2012 - 5:49 pm
I would also recommend investing in duplexes or 2-3 bedroom middle size houses somewhere in QLD. Would you like to invest in Australian property only or you consider foreign property investment as well?
mattsta
Participant
@mattsta
Join Date: 2011
Post Count: 604
November 9, 2012 - 7:46 pm
I personally would not buy 1 bedroom apartment, I do not think they are good investment. I always invest in 2-3 bedroom houses or units. Those properties give me the highest cash flow.
mattsta
Participant
@mattsta
Join Date: 2011
Post Count: 604
November 9, 2012 - 7:40 pm
I would invest in Scarborough. I read a lot of articles and did online research all confirming that Western Australian market is recovering.
mattsta
Participant
@mattsta
Join Date: 2011
Post Count: 604
November 9, 2012 - 7:35 pm
I like John Reed books on real estate investment. They are always full of great information and have a lot of practical advises, especially for people who are new to property investment.
mattsta
Participant
@mattsta
Join Date: 2011
Post Count: 604
November 9, 2012 - 7:31 pm
I am for a professional property management. Private management might work out, but it is more benefits in having a person or team who know what they are doing managing your property.
mattsta
Participant
@mattsta
Join Date: 2011
Post Count: 604
November 9, 2012 - 7:28 pm
Depending on the price of the unit: if it is high agents usually area to 1-2 % of commission. If the unit price is low they might settle for 3-4% or even higher in commission.
mattsta
Participant
@mattsta
Join Date: 2011
Post Count: 604
November 9, 2012 - 7:25 pm
I am inspired by people who set their goals and always achieve it no matter how many challenges they face by doing it I am also inspired by people who never give up and can learn from their own mistakes.
mattsta
Participant
@mattsta
Join Date: 2011
Post Count: 604
November 9, 2012 - 7:20 pm
I have the same questions: it is obvious you are not that young, but you have not saved enough money to make a deposit on your property investment. It makes me wonder if property investment is for you. I suggest to research what property investment means first, before jumping into this business.
mattsta
Participant
@mattsta
Join Date: 2011
Post Count: 604
November 9, 2012 - 7:02 pm
I prefer not to invest in 1 bedroom apartments. I usually target families and think that 2-3 bedrooms is the best investment to get a high Cash Flow.
mattsta
Participant
@mattsta
Join Date: 2011
Post Count: 604
November 9, 2012 - 6:44 pm
It is your responsibility to replace the doors and screens. On the other hand, tenants should have their own insurance to cover loss of their belongings.
mattsta
Participant
@mattsta
Join Date: 2011
Post Count: 604
November 9, 2012 - 6:22 pm
You need to check with ATO to be sure. I am sure it is some difference with tax amount you pay depending on the type of property.
mattsta
Participant
@mattsta
Join Date: 2011
Post Count: 604
November 9, 2012 - 6:20 pm
As far as I know there are two types of bankruptcy: voluntary and involuntary. I am not sure if it is the answer you are looking for , but you can read further about it at http://www.lawhandbook.sa.gov.au/ch03s03.php. 
mattsta
Participant
@mattsta
Join Date: 2011
Post Count: 604
November 9, 2012 - 5:58 pm
Consult with a broker and may be find out if you can have two different insurances for both buildings.
mattsta
Participant
@mattsta
Join Date: 2011
Post Count: 604
November 9, 2012 - 5:48 pm
I would say it is a decent deal since you have 5 steady tenants, but I would recommend you to check if the building was maintained well due to its age. I am sure you do not want to get a building and then spend a fortune on repairs.
mattsta
Participant
@mattsta
Join Date: 2011
Post Count: 604
November 9, 2012 - 5:42 pm
I do not think it is possible anymore, but not sure. I recommend you to do some more research or even consult with a specialist.
mattsta
Participant
@mattsta
Join Date: 2011
Post Count: 604
November 9, 2012 - 5:29 pm
Could you reschedule you trip? I would recommend you to be there yourself. If you cannot reschedule your trip, send a reliable person you know, may be even hire a agency to represent you.
mattsta
Participant
@mattsta
Join Date: 2011
Post Count: 604
November 9, 2012 - 5:19 pm
As mentioned before you need to decide your future profit from renting or selling in the future will be worth it.Also, make sure that you can afford both properties and able to maintain them.
mattsta
Participant
@mattsta
Join Date: 2011
Post Count: 604
November 9, 2012 - 5:00 pm
I do not think you are too old, even though it is better to start investing earlier. Just do a lot of research before buying and just follow all great advices that people provided in this thread.