Hey Tjay,

Welcome to the forum!
Like what Richard said, unfortunately, there is no lender that capitalizes the stamp duty cost into the loan.
Based on the limited information you have provided, your broker is setting you up for a 97% loan. This is due to the limited cash you have at the moment. Here is what I think is the breakdown of your…[Read more]

Interested to know too given that it has been around 7 years ago since the first post.

Yes you can sell your own property via private treaty.
Not sure about your other question, what license are you asking about in particular? do u mean a builder’s license?

the forum will be more than welcome to help. kudos to you for actually signing up and posting a question. some people will normally be too shy to even post a question. u gotta start somewhere. and this is a good start for you. :)

Hey Colleen,

What does your due diligence tells you? Have you check the prices for comparable houses?
Have you look up the historical data for the area? Demographics, historical growth etc etc..
Gathering these data will actually tells you if the area suit will suit your strategy.

What exactly do you mean Damo?

Do you want to set up a Trust to be used for investing? If that is the case, a good accountant can help you out with that. Look for the ones that is also a property investor himself and he can setup a Trust specific to you goal. You can also go to your local library and try to borrow this book about Trust. – Trust…[Read more]

Hey Damo,

I got this from another poster on a different forum. This is from Singo.
He put this extensive list together so all credits to him. Some of the books that he mentioned changed my life for real. My outlook in life is now different because of these books.

Reading books gives lots of ideas. I love reading and collecting books. Over the…[Read more]

Hi Colleen,

To be honest I have not even looked at the part of NSW until you mentioned it. Is there a property there that you are keen to buy?

Hi Karen and June,

If you can post more details about the deal then that would be great so others here can say their opinion about it and you can decide what is the best way for you moving forward.

Have you tried calling your banker or finance person about this? I’m sure they can offer you some advice with this.

Cheers!

I’ve always believed in the saying “When the student is ready, the teacher will appear.”
Doing your own research at first is the best option for now, browsing around forums like this is a good start.
Reading books helps a lot too in answering most of your questions. After having a bit of knowledge behind you, you can then decide if you want to go…[Read more]

Good point blackhotel. Properties with strong capital growth is really what makes you wealthy. This speeds up the property accumulation phase and you can potentially reap the rewards in a shorter amount of time.

Also consider diversifying your portfolio, analyse if investing all your money in one high priced property is the way to go for you or…[Read more]

There you go.. another person keen to help.. if you are not sure about anything. u can always come back here and post questions.

Exactly! :) Good advice Richard.

It all depends on your circumstances really, each person is different. Some people with high incomes invest in negatively geared properties to offset some of their taxable income, some people invest in positive cashflow properties to speed up the saving process. and also some balance it out by having 1 negatively geared property then buying two…[Read more]

Hi There,

Assuming no existing debt and has a decent amount of deposit, with that income, he can start his investing journey as soon as possible. Before doing all that though, I suggest the following things:

1) educate yourself – forums like this one is a good start. ask questions, read more about it and then come back with more specific…[Read more]

Hey scottyboy,

typing all that down means you really have thought all this through. kudos to that, some people just don’t give much time and effort in writing everything down and tracking their income and expenses. Just to help with the numbers.

Note*
You mentioned you are expecting a pay increase of around 15k and you are also mindful of a…[Read more]

Hey Freedom,

I think you will find it hard to Skype in to one of these meet ups. First is they are normally just casual meet ups, no hard selling or anything like that. Just a group of property investors or would be property investors sharing ideas and stories. And it is normally held in a club so people can have dinner and a few drinks while…[Read more]

using a BA in QLD is a good idea. especially if you are not familiar with the place. Like Richard said, most of the transactions are done off market and only those with good connections will have access to this deals.