Mikey66 replied to the topic Becoming a more sophisticated investor in the forum Help Needed! 8 years, 1 month ago
HI Ethan
Thanks for the advice i think that’s a good idea just start calling around now without actually committing to anything for now
Mikey66 replied to the topic rural investment property's in the forum Help Needed! 8 years, 1 month ago
Thanks Ethan!
Yes that’s what i thought i was thinking of starting out with them because i don’t have much capital and also they have good cash flow returns to help build up more savings to invest in better more expensive property deals. So should i just rent them out as is for the property’s under 60-70k? because what i was thinking the…[Read more]
Mikey66 started the topic Becoming a more sophisticated investor in the forum Help Needed! 8 years, 1 month ago
Hi ALL,
I have been Studying property investment for the last 2 years understand this is not long.
I have read many book watched countless videos and webinars/seminars i have learned a lot about the theory of property investing and know that you can make money from positive cash flow subdivisions development Renos ect and become financially free…[Read more]Mikey66 replied to the topic The True Power of an Offset Account in the forum Finance 8 years, 1 month ago
Great post guys! I am trying to soak up all the information i can these posts are gold!
Mikey66 replied to the topic rural investment property's in the forum Help Needed! 8 years, 1 month ago
Thanks Benny killing it with the information!
Thats the kind of stratergy i am looking into.
Also i see alot of rural property’s need renovation which can be a good thing to buy a problem and sell the soultion is it worth renovating property’s around 60-70k?Mikey66 replied to the topic rural investment property's in the forum Help Needed! 8 years, 1 month ago
Thanks Tony!
My goal is to replace my annual income through positive cashflow property’s as fast as i can great tips much appreciated!
Mikey66 started the topic rural investment property's in the forum Help Needed! 8 years, 1 month ago
Hi Guys & Gals
I was looking for some cheap cashflow property’s and found a few in rural towns about 400km from melbourne CBD.I saw some property’s for around 65-70k renting around 140-150 a week this will be my first invest property so just want to know what you guys think?
Pros i can see if
Great cash flow.
Cheap to get in to only need 14k for…[Read more]Mikey66 replied to the topic LVR in the forum Help Needed! 8 years, 1 month ago
Yes it will be get excited
I did do the calculations including
Coucil rates
Water suppy charges
Insurance
Real estate agent fees for dealing with tenantsStill cash flow positiv Anthing else i missed? besides some maintenance costs here and there
Mikey66 replied to the topic LVR in the forum Help Needed! 8 years, 1 month ago
Great insights guys loving it!
Ì was planning on buying a Postive cashflow property. I found a few where even if I used a 5% deposit which I won’t it will still be cashflow positive.Thanks again for all your help and thoughts!
Mikey66 replied to the topic LVR in the forum Help Needed! 8 years, 1 month ago
Thanks a lot guys!
Really informative and really like the calculator benny!
Mikey66 replied to the topic LVR in the forum Help Needed! 8 years, 1 month ago
Thanks guys!
Seems like 88% LVR is the way to go so far.
Do you know how much LMI drops from 90% lVR to 88% LVR or where i could go to find out?Thanks again.
Mikey66 started the topic LVR in the forum Help Needed! 8 years, 1 month ago
Hi everyone,
First post love the forum and suprised how helpful everyone is.
I was woundering with investment propertys is there still 5 to 10% LVR loans anymore?
I want to buy my first investment property but saving 20% will take longer then i would like.
Thanks in advance
Mikey66 became a registered member 8 years, 1 month ago