Forum Replies Created

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of Michael85Michael85
    Member
    @michael85
    Join Date: 2008
    Post Count: 3
    April 25, 2008 - 1:07 pm
    Qlds007 wrote:

    Just make sure you structure both the property transfer and loan correctly as setting up wrong in the first place will make things difficult down the track.

    Hi Richard,

    What do you mean by structuring the property transfer and loan correctly? Excuse my ignorance.
    It's just my first investment property.

    Michael

    Profile photo of Michael85Michael85
    Member
    @michael85
    Join Date: 2008
    Post Count: 3
    April 17, 2008 - 3:20 am

    Thanks for your help Mick.

    Yes the rental income is appearing to be approx. $50 more per week than normal for this area.
    The expected yield for this area is around 4.5%.

    Though the asking price is reasonable for this area also, I have sales figures for other houses in this street and having taken growth in mind the current asking price isn't overvalued.

    Thats why it concerns me why the investor might be selling, considering if he/she was a savvy investor, this looks like a reasonably good value deal from what I can tell.

Viewing 2 posts - 1 through 2 (of 2 total)