haha.. a bit of reality check every now and then is always good.. especially from reputable people.

i think Holly just got flooded with a lot of responses from another forum.. :)

Hi HollyRose,

Have you spoken to a finance person yet? What made you think that you can’t qualify for a loan now and have to wait for two years?
Just curious that’s all.
A few lenders have become a bit loose with self employed borrowers, and with the lending industry fighting hard for each applicant, I’ll be surprised if you really have to wait…[Read more]

Thread started on July of last year.. Keen to hear the OP’s investing position 8 months on…. :D

Hey hja,

We can send you a residex report that you can use as a guide for comparable sales around the area. Just message me the address of the property.

Cheers!

OTP purchase has been discussed here numerous times and the general consensus was to stay away from it unless you work out the numbers properly and it fits your strategy.

Keep educating yourself. Keep asking questions. Everything is difficult before it is easy.

Cheers!

Hey Joe,

You will find most of the answers to your questions if you just browse around the forum. Just spend a bit more time and you will more than likely find what you want to know.

Not knowing your current financial situation, I can say you are losing quite a few amount in tax incentives with the way your finance structure is set up. You…[Read more]

Hey Asela,

Welcome to the forums. Have fun learning and sharing info with us.

1.) IO is always advisable for IP loans as this maximizes your tax deductible debt. Holding properties for the long term is also good advice but you need to learn to let go of under performing assets as well.
2.) You need to ask more questions to your “club” or provide…[Read more]

There’s a few things to consider:

The rates (water, council, body corp fees (if strata prop))
Property Management Fees
Insurance
Maintenance Costs
And always add a cash buffer to prepare for unexpected expenses (1 or 2 weeks rent)
Etc.

Make sure you add all expected expenses to your calculation and allow for the unexpected costs as well.

PS.
If…[Read more]

Looking for properties with strong CG will help accelerate your accumulation phase. Mixing it up with strong CF+ properties will help in your serviceability and assist in your savings. You really need to read a lot more and focus on your research at the moment. Also build a team around you that will help you achieve your goal. (Broker, Tax…[Read more]

Good on you Danny for asking these questions before doing anything. Richard has explained the steps to be taken already. Listen to the people who has been there and has done what you want to achieve.

Cheer!

This is really interesting WTR. Care to share your ways of doing this? This will help a lot of people through your own experience. If you are at a stage where you can’t earn more per hour then that is a really really good achievement. Kudos to you!

Shaun,

Good on you for asking those questions first before doing anything. Just keep reading…[Read more]

Hi Siewlin,

Every time a property is being purchased with a mortgage, the lender will send in their own valuer for their own security. This can be a desktop valuation, drive-by or full valuation. Nothing’s stopping you from getting an independent valuation but bear in mind that the lender will honor their own valuer’s report. If there’s a really…[Read more]

Hey Brian,

I personally have not been to a MAP session or have used Nathan’s BA services so I can’t say much.
For me though, a one or two hour MAP session is not enough to answer all my questions in property investing. They will apparently work out a good investing strategy for yourself and it have probably worked for a few or all of their…[Read more]

I was looking at Bradbury a couple of months ago as well.
And as always, knightm is spot on once again with the advice.

The growth started 2011-2012 with an average of 3.7%.
2012 – 2013 = 8% average
2013 – Sept 2014 = 14% average

Just some very rough numbers but it gives you an idea of the place.

Cheers!

+1 EBM. :)
Good replies Kinnon Bell.

That’s pretty interesting Adrian. Have you done your research regarding starting up an outsource center? How much to set up and what would be your ROI?
Is Palawan on the rise therefore house and land is being considered?

Just be careful though, usually threatening doesn’t solve the problem and could even make it worst. just my two cents but. :)

Hey Dimple,

Care to share your numbers? costs, yields, etc?

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