This may help AimHigher,Not sure if you're aware of this:http://www.nmddata.com.au/index.phpI have a feeling that the banks must be seen to put the property to the market by way of auction and campaign with a licensed real estate agent to glean fair market value, and not do private sale deals with their customers or investors, who at the end of…[Read more]

Next……..Don't worry Sav. At that price a developer has bought it most likely.Keep looking. Keep learning and keep asking. And……..keep saving.Also make sure your finances as far as borrowing limits (including purchasing costs) are in order.

Have you got pre-approval from the bank? If so, to what level will they let you borrow? If not, why not?What exactly needs doing. Is it major structural work? Or cosmetic?Can you look at buying in partnership with someone and develop in tandem later? More questions for you. But that's the only way we can help with our opinions.

Hey Sav,that's a nice block of land to "land bank" for future development. For now though, can't you reserect the house to become a renter?  If you can spend say around 10-15 K to bring it up to scratch, at that price (and that's asking…..you may get it for less) it's looking good.Is it vacant now? How long has it been since it was occupied? H…[Read more]

Hi Nathan,you've answered your own question…..that's why it's called insurance.You are debating about purchasing LL insurance on "one of your IP's" , does that mean you own others without it?

vish wrote:
Absolutely !!!!  Considering the rising fuel costs, it is getting very essential to buy near a good train connection. Parramatta superbly connected with Sydney CBD & other major suburbs of Sydney.Previously, I thought of buying a decent 3 bedroom house in blacktown or Doonside. Yesterday, took a decision NOT to buy there as Capital…[Read more]

Hey mick,that sounds great. Income as well as future subdivision. As it's positive CF for you, that's a good one to hold.Do you mind if I ask, was it advertised, did you seek and create the deal or are you a local who was familiar with the town plan?In any case, well done!

BRUCE LACY wrote:
INVESTING IN LAND HAS ALLWAYS BEEN STABLE IN LONG TERM. WITH CURRENT GOVERNMENT AND COUNCIL DEVELOPMENT ATTITUDE IS ACREAGE PROPERTY INVESTMENT GOING TO PROVIDE GOOD LONG TERM RESULTS

Holding land as acreage property may lend itself to future subdivision depending on where it is sited in relation to suburban sprawl…[Read more]

Hi Yossarian,It's for that exact purpose, that one would seek a valuation…….to revisit at any future time and use as a benchmark for that future valuation. That same credit provider will be providing future funds for use as an equity deposit on say another purchase (same or different bank) or for funds to do a reno or whatever.I did not imply…[Read more]

trustieone wrote:
Hi FolksThe bank has valued my IP property for loan purposes and agrees to lend me the funds but wont tell me or the previous vendor what that value is, i remember back some time reading that this is a regular occurence with lending institutions, can someone tell me why this is such a secret with the banks.Thanks

So they ca…[Read more]

What L.A. Aussie says is so true. Mindset is where it's at. Always re-frame negative dis-empowering thoughts into questions. That gives the ability to seek an answer(s) and move forward. Focus on solutions not problems or circumstances.Marc, on that theme of thinking big. There is a great book "The MAGIC Of THINKING BIG " by David Schwartz. If you…[Read more]

julie10 wrote:
Hi Michael,More information is required so here goes, I am looking to invest in the Brisbane coastal areas Scarborough, Brighton, Sandgate, Woody Point and Margate or within 10km from Brisbane city north side, I have been looking at Kedron and Hendra. $700k is my budget. A cheap house would be $350k an expensive house would be $60…[Read more]

julie10 wrote:
Is it better to buy two cheaper properties or 1 expensive property? What are the pros and cons of each?

Hi Julie10,welcome to the forum. I'll answer first up with another question.How long is a piece of string?More info needed. Where are you thinking as far as suburbs locations and at what values do you define cheap v's…[Read more]

TT552 wrote:
I am a 28 years old full time working professional, i will NEVER  buy a property for at least another 5 years, because its going to crash, i put my money in the bank (cash), and wait for the market to go down.  Why should i rescue some greedy property investor from their huge mortage? i pay rent (much less than the actual interest o…[Read more]

god_of_money wrote:
What is REO???

Real Estate Opportunities (…..or Overkill)

Hi magic32,Don't be put off by the less enthusiastic QS's you spoke to.What state are you in? I can give you recommendations for Melb, Sydney and Bris/Gold Coast. If they apply to you, please PM me and I'll provide details.

Yields are stronger in Morwell and properties are much more affordable than Traralgon. You can still pick up houses within 1 km of town centre and train for low 100 K's returning around 6 %. Usually largish blocks that may have sub-division/development potential for the future.As units4me states Traralogon is the pick of the Latrobe Valley towns,…[Read more]

Frosty1,this thread should help you with infohttps://www.propertyinvesting.com/forums/getting-technical/finance/4322497

Hi Landguru,property options are quite a specific strategy and as Matt007 has alluded to they take time and effort. Have a read of the following link also.https://www.propertyinvesting.com/forums/property-investing/creative-investing/4324169?With regards the stuff Carly teaches, I have gone thru her home study and the content is outstanding. There…[Read more]

Chris,thanks for sharing the link to these exact property methods used by the Property Millionaires……….very genorous for a first time post.I guess we should all hasten to sign up so our details may be captured and the ad infinitum email messages to our inbox commence.Do tell more about what you know about the process and how far along your…[Read more]