You could invest in America from a line of credit. Currently the loans we are dealing with are at around 60% which are non recourse or a little like no docs. The banks are basing the deal on the property. It is a safe bet because you are putting down a 40% deposit.

In terms of returns these type of properties are returning around 14-17% net cash…[Read more]

Hi Rob

I quite agree

What we are seeing is finance options finally becoming available. Because of this I would expect to see the property markets improving. Therefore the time has come to focus on quality property that will not only cash flow but also provide capital growth and with at least 60% funding available Australians can now leverage to…[Read more]

I have already been doing this. It can work however finding projects that work well can be difficult even in this market.

Location is important

How close is it to shops public transport

How large are the apartments- I will not touch one bedroom apartments under 50 square meters and two bedrooms under 70 square meters. To me whatever you build…[Read more]

No doubt about it if you are going to invest in he United States it is important that you plan your trip carefully. Lack of preparation can leed to mistakes or the very least wasting your money

They may be offering it but they are breaking there own laws

Thank you again for your comments. Its was a pleasure to meet so many enthusiastic  people and will look forward to seeing you at the next meeting in about 6 weeks

Thank you Nigel for your kind comments it was a pleasure for Richard and I to speak in Sydney and we also enjoyed meeting a great group of people. We believe that the power of education is so important and the opportunity and look forward to the next meeting.

Jeff

The US government is currently closing down accounts that are not registered correctly. The Patriot Act states that accounts must be opened by the account holder to avoid terrorists from sending funds through to the United States. The fact that you can open accounts does not make it legal. I would suggest anyone who is planning on buying in…[Read more]

Because of the nature of this type of property they are often located in outer areas such as first home buyers areas. Secondly they are often overpriced so if you find one in a good area make sure that you pay for your own bank valuation to make sure that the price is at market value.

Interesting.  Did you dad put all offers in writing and take a deposit?
It is important to remember that a verbal offer is not an offer. It must be in writing with a deposit and at that point the agent is legally required to present the offer.

The other side and I am not excusing the agents attitude but you d not know what has been happening the…[Read more]

Hi Cunnin

Its true that New Zealanders do not pay capital gains tax however we have a tax agreement with New Zealand so when you sell a property you have to declare the income in Australia. The good thing about New Zealand is that you still get the 50% discount on capital gains and can negatively gear through the Australian tax system.

Although…[Read more]

Most agents are not really that experienced when it comes to investment properties full stop. So when you start to talk about rent to buys very few agents will even understand what you are doing. 

I agree with the dark night you should letter box drop. Many people may see it as an opportunity of savings agents commissions. However many solicitors…[Read more]

Yes like all businesses there are good bad and terrible. I remember when my main focus was buyers advocacy. It always amazed me when I would inspect properties I would tell agents I was looking for properties on behalf of buyers. Hardly anyone would follow me up. So they were hardly doing a good job on behalf of there clients.

However you need to…[Read more]

thats one way to make properties positive cash flow lol

It is my understanding that you can onsell the apartment. However you remain liable for the original contract so if you sell the property for less you will still need to make up the difference. There has been a downturn in the cbd never a great market however it depends on how big is it does it have a carpark. 

But if you can find someone to take…[Read more]

I would add the air in. In a city like Brisbane I am unsure why anyone would rent with out one. What you could do is offer aircon in the bedroom but for an extra $10 a week you will put one in the living room as well thus increasing your rent and involving the tenants in the process.

There is no shortage of supply in Coomera. Some friends of mine were developing there before the GFC. Guess what they have not progressed that far. As I said Brisbane is a solid and much safer market to invest in.

Certainly houses have fallen a great deal I looking at a 40 square house on the water near Mermaid beach they were asking just over 1 million, 5 years before they brought an old house built the current one, they paid $960,000 for that.

So my view is its a great time to buy a house to live in, however most investors make the mistake of buying…[Read more]

Again I think it depends on where you are. I was in America a few months ago and I met with a developer in San Antonio Texas and asked him what were the greatest challenges and he stated housing blocks.

Now I said this is Texas plenty of land but he pointed out that there was a shortage of building blocks, because the banks will not fund land…[Read more]

I have found that my Facebook page has been useful. You can also have ads for Facebook that also work quite well and can be as little as $100 per month