Forum Replies Created
Hi Doogs,[
]
I attended The City of Monash Buisiness Awards Lunnch yesterday and a nominee was speaking about his companies newly invented product. This cheaply detects termite nests etc , it uses thermal imaging.This may help you for the next property.
The website address is http://www.termicam.com.auRegards
Bryce Inglis
[email protected]
http://www.ipal.com.auHi Alf,[
]
Depends on which stategy you prefer.
Borrowing 90% gives you more leveragin to increase the rate of return,whilst borrowing less
gives you more security.
The amount of deposit can adjust cash flow to be pos or neg.
regards
Bryce Inglis
[email protected]
http://www.ipal.com.auHi JS,[
]
yes, but but may be subject to conditions determined by nationality status with both parties,see http://www.firb.gov.au/content/default.asp and click on freq asked questions
Regards
Bryce InglisHi Dorthy, [
]
1. Check if you can obtain a loan for relocatables. Wait for a mortgage broker to answer this question for you.
2. On the investment front you first start out with a budget. This has a lot to do with your investment strategy. You need to consider is it to be cash flow positive or capital growth with a negative cashflow? What effects would an investment property have on your budget and on your taxation?
3. Look at your goals in the short, medium and long term as this also determines your investment strategies.
4. My mentor John Fitzgerald wrote a book called ‘7 Steps to Wealth’, it is worth reading as it explains the basic rules and driving forces behind making investment decisions. Learn to recognize for instance the important of yield as a driving force in the property cycle.
5. Learn to recognise scammers and promoters of get rich quick schemes. Remember that this is an industry where most people are on commissions and a few irresponsible individuals can become greedy.
So examine every deal thoroughly and if it makes sense to you – then go ahead with confidence.
Regards,Bryce Inglis
[email protected]
http://www.ipal.com.auHi Caddy222,[
]
you have made a good comment about supply and demand.Here in Melbourne the situation with oversupply of high rise has reached a point where the banks are limiting lvr,s or not touching high rise at all.
I didnt touch on the subject as prop16 didnt specify that its a high rise.Regards
Bryce
Hi Ash,[
]
There are rules regarding the purchase of property by non residents set by our goverment. They are listed at the foreign reveiw Boards website at http://www.firb.gov.au/content/default.asp
At the moment Melbourne has peaked in regard to capitol growth. If you contact me on the email address below I can send you a copy of our news letter.This has a state by state summmary from the latest BIS SHRAPNEL report included
I can also assist you in all aspects of purchasing here including your legal requiremets in a safe manner.Regards
Bryce Inglis
brycei@ipal
http://www.ipal.com.auHi prop16,[
]
This is not a good deal
For that sort of outlay you woud be better off buying a new house and land package as it is the land portion of a property that appreciates.
When I see offers with terms like 4×5 yr leases or rental gaurantee I am very suspicious as they are the ploys used by the 2 tier marketing scammers who use them.These reassurances are made by them and are built into the price.The valuations of these properties are similarilly couched in terms such as independant or discounted but are not worth the paper they are written on.
My PIA PRO analasis of the situation ahows that it would require you to fork out a payment of $41 per week based on a joint income of 85k,if you earn less then it would cost you more.To justify this high outlay you would need a very high rate of capital growth and I cannot see you acheiving this with an apartment.My advice to you as a professional is for you to walk away.Regards
Bryce Inglis
[email protected]
http://www.ipal.com.auHi caz,[
]
Just some general advice.
Separate ideas into those that cause more work for a tennant, ie spa,swimming pool and those that simplify their life, ie woodchip on garden areas.
If there are fittings which are old fashioned replace them, ie lights.
Concentrate on modernising bathrooms and kitchensregards
Bryce Inglis
[email protected]
http://www.ipal.com.auHi Alf,[
]Go to http://www.ato.gov.au and download their guide to depreciation.
They also have a guide to capitol gains tax.Regards
Bryce Inglis
[email protected]
http://www.ipal.com.auHi Alf,[
]
The main reason to keep a property is that is either an appreciating asset or is a scource of income.Risks with property are quite low so the main reason to sell is your financial position,unless of course you have used value adding methods such as renos or wraps to flick on when finished.
I can help you with an analysis of your situation off lineregards
Bryce Inglis
[email protected]
http://www.ipal.com.auHi Johnny,[
]The book “Confessions of a Real Estate Agent” will answer most of your questions.It is written by Terry Ryder and I prefer it to Jenmans book “Dont Sign Anything”.
The Real Estate Institutes main concern seems to center on the protection of their members.Regards
Bryce Inglis
[email protected]
http://www.ipal.com.auHi Sjs[
]
This can be quite profitable if you convert the zoning to townhouses. This should raise the current property value of the project by a factor of 1.7.(instead of finishing up with 2 houses you could have 5 townhouses.] The council could give you access to a town planner in order to do this at a later stage.
First you must do a feasibility study and most projects can fall over at this stage.When considering this type of investment
1. In your information gathering and feasibility stages be very quiet, or others can take the advantage away from you or put up the costs of development.
2. Ring or visit your council and ask about zoning restrictions to convert the block that you own into a townhouse development. get their opinion on townhouse development in the area and if they would have any objections.
3. Do a title search on the other block, this will give you the name of the owner and information about easements, and other restrictions etc.
4. Check with a morgage broker to find out your maximum borrowing capacity.
5. Check prices of townhouses in your area via the internet or local agents.
6. Talk to a builder to get an estimate of building costs.
7. Check the capital gains history for your area in API magazine, cheap info but not necessarily up to date.
This should give you some basic info at minimal cost to you from which you can decide whether to take it to the next step.
I don’t have many website links for NSW, but try http://www.nsw.gov.au/housing.asp click on building and renovating, this will give you access to a title search ($15 to $25 approx in Vic).
The next stages are dependant upon the result of the feasibility study.
Hope this helps,Bryce Inglis
[email protected]
http://www.ipal.com.auHi everyone,
After working a lifetime in electronics as a hardware technician, from the days of black/white TV (Monocrome to the initiated), to the latest where as production manager I designed and built the in house movie systems for international hotels. [][]
I started studying the property market 4 yrs ago under the mentorship of John Fitzgerald (7 steps to wealth etc) and left electronics, much to my wife’s horror, to pursue this passion. Had a stint as a Morgage Broker on the way to working as an Investment and Property Consultant. I turned down many opportunities as I did not agree with the ethics of some companies working in the investment area, who put self interest above the clients needs. I have found a good company that is aligned with my business ethics and here I am, enjoying helping others. [] Am looking forward to the time when the industry is regulated. But thats another story.Hi George,[
]
Follow the weblink and subscribe (free) to the
newsletter. A summary of each state from the shrapnel report is listed in the newsletter.regards,
Bryce Inglis
[email protected]
http://www.ipal.com.auHi Michael,[
]
I beleive a Mortgage Broker is only allowed to deal with mortgages.
RegardsBryce Inglis
[email protected]
http://www.ipal.com.auHi Banner,[
]
If you diversify your portfolio and invest into different areas, risks are minimized, whether or not a mix of positive and negative geared investments are used.
One area of Australia will always be at a different part of the timing cycle to another.
Research together with a SWOT analysis should be carried out prior to the purchase of each property.
This will determine the location and type of investment. When you want to add an investment to your portfolio, you just repeat the process. As the location will be different with time, the portfolio will result in being diverse.Regards
Bryce Inglis
[email protected]
http://www.ipal.com.auHi crashy,[
]
“Confessions of a real estate agent” by Terry Ryder is a fun read and so is” Who moved my cheese.”Hi Mackaz,[
]In order to purchase a good investment, capital growth and/or positive cashflow is required.
As land appreciates and buildings depreciate, it is hard to justify good capital growth due to the lack of land content in an apartment [unless it is somewhere like Toorak].
One of the reasons positive cashflow occurs is where there is a shortfall in available rental stock.
Melbourne has an oversupply of inner city apartments.
Sometimes developers offer a rental gaurantee,however this is usually built in to the purchase price.Be very suspicious if this is offered.regards
Bryce Inglis
[email protected]
http://www.ipal.com.au
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