My number is 0406886284 just text me and I will meet everyone wherever you all are….

Nathan.

Hi bjsaust,

Jamie is right, I have built rapport with agents all around NSW and Australia over the lat 8 – 10 years and its a matter of building rapport and completing deals to get first bite of the cherry when stuff comes on the market.

I actually launched a product to help people find deals easier called Deal Finder to tap into my resources.

Other than this, I would suggest poundng the pavement talking with real estate agents and buy when the numbers stack up by being both below market value and with strong cashflow. If one is missing, then you must question whether the deal is right for your goals and understand how you are to benifit from acquiring it.

Thanks for the feedback everyone.

I took some videos for those who are interested.

http://www.youtube.com/binvested#p/a/u/0/luU-NJVHbYU
http://www.youtube.com/binvested#p/a/u/1/HhmZY7Vcc5M

Thanks for the feedback everyone.

You cannot just stumble across 10% yields and the vendors dont know the value of what their property (product)  is worth when selling.

There are TWO must's when buying any property IMO and a further two which should always be taken on board.

1) Buying below market value. This is based on recent sales and others on the market. They must be identical comparions and between 10-20% below market.
2) The cashflow should support itself, or close to it, ideally putting money in your pocket.

The further two comments are
3) The property needs to have growth upside (ideally in metro states or regional populations with 10,000 + population)
4) The property should fit in line with your plans and be getting you closer to your end goal.

Nathan.

When you purchase properties if you purchase the correct properties with strong cashflow the bank actually sees this as a positive and includes the rent as income therefore your borrowing capacity increases.

So $50kpa and you buy $200k IP with $300pw ($15,6000pa) rent, new income is $$65,600 and debt $200k.

Hope this helps.

Hi Larry,

I use to have 5 or 6 titles unencumbered, however recently I took it back to the bank and got loans upon them.

When I left the workforce I did find it hard to obtain finances unemployed, so I pulled out a top up loan (equity) of around $200,000. I used this to buy damaged houses outright and fund their renovations. Cheapest houses were like $8,500 each but required $50,000 renovations.

One day I realised I was sitting on around $400,000 – $500,000 of deposits so I decided to get loans on these so I could use the funds elsewhere.

I always look @ the net worth rather then titles because at the end of the day if proeprties were to be sold how much would one have in the bank is the big question.

As far as IO periods, in 7 years rents go up, and cashflow does. I stack them so they dont all expire at once.

You can negotiate this at that point with the bank to extend it on a new term of this. I personally leave them to pay themselves down.

This is a method similar to what i used starting out. I use same principals today buy larger scale, if i didnt use my strategy i wouldnt be sitting on 24 buy and holds at age 25. Everyone has different circimstances which will differ. I see many ways to build a portfolio. Conducting this method correctly will see one build a solid portfolio relatively risk free.

Hope this helps.
Nath.

Nah, only link was the one which got emailed to me but that was to enter my detail into. Check out the products page of this site or maybe email Steve or something.

Nath.