Nooob replied to the topic Can new homes or units be CF neutral/positive? in the forum Help Needed! 12 years, 4 months ago
I've heard this one about 2 weeks ago and I'm not sure if it is true or not;An investor told me that he purchased a unit near Perth (within the 10k diameter), "off the plan" and after 6 months when it was ready, it was CF+ by $100/week.I know that developers have to pre sale a percentage of their units to be able to secure their finance of…[Read more]
Nooob replied to the topic Good Books in the forum Heads Up! 12 years, 4 months ago
Sorry I shouldn't have started a new topic. We already have one:https://www.propertyinvesting.com/forums/community/heads-up/6845
Nooob replied to the topic Anyone Know About Student Accommodation Insurance? in the forum I’ve clicked on their case 12 years, 4 months ago
I've clicked on their case study and the very first case will give you an idea about the cost:Mrs. Thomas has a property and had 5 tenants and herself living on the property under 5 individual leases… bla bla bla Existing Insurance policy cost $1027 Total cost of damage $250,000 Student Accommodation Insurance Policy with PBi cost $2750Thanks Jason
Nooob replied to the topic The one percent rule in the forum General Property 12 years, 5 months ago
OK Kong is right;I've downloaded a cost to hold calculator from here:http://passgo.com.au/investment-property-analysis-tool.htmlI've practiced with different numbers and 1% rule is correct to make the property neutral. If the interest rate is 7% , you will require ~8% rent to make it neutral.Also on another one of this magazines the investor was…[Read more]
Nooob replied to the topic Sewerage pipes …help please. Want to build a granny flat in the forum Help Needed! 12 years, 5 months ago
Just from the engineering point of view:If your structure is going to sit on the sewer line you will require a piling mechanism to pass the load of your building to a layer deeper than the sewer.As a rough figure for a single level building you will require screw piles every 1.5m (on top of the sewer line only) and they will be roughly 3m long…[Read more]
Nooob replied to the topic Strategy / Planning in the forum Help Needed! 12 years, 5 months ago
kum yin lau wrote:
…* Your savings rate is VERY low if you only saved $20K on a 190K p.a. …
To answer this one; I've been working for a small construction company which their pay was 1/3 of what I'm getting now and I just moved to a bigger company (7 months ago).On the other hand I used to owe some money on my car and credit cards that I've…[Read more]
Nooob replied to the topic Strategy / Planning in the forum Help Needed! 12 years, 5 months ago
Thank you all for reading and special thanks to you who repliedJamieYou are 100% correct. I need a mentor but usually mentors are sooo successful that they don't need to help a noob.I've been in touch with Mortgage Choice but they were not interested in providing a strategy and I understand that it is not their field.I found one of these "all in…[Read more]