Unfortunately it’s not possible to please everyone, I am sure we have all encountered these type of people.
Fortunately for all of us, I have found these type of people are the exception. At We Find Houses really do enjoy working with wonderful people who also enjoy our high level of service and fantastic results. All our team work honestly, diligently, with our clients best interests as a priority. We don’t have hidden agendas and welcome all open and transparent discussions. We Find Houses has been providing property education, coaching, mentoring finance and buyers agency services now for 13 years and we are reliably and consistently available to help you with your investing success.

Below are some recent testimonials we have received from our fantastic We Find Houses clients. If you’d like to speak with us in more detail please call us toll free on 1800600890

On 11 Aug 2014, at 2:11 pm, Karolyn wrote:
“I had We Find Houses recommended to me by a business colleague and contacted them to assist me with the purchase of an investment property. Three months later I had a contract organised and am now the owner of a new 2 bedroom apartment, which looks like being cash flow positive straight away. WFH even helped with the finance and put me in touch with a conveyancer and lawyer. They made everything easy and I am now looking for another property!”

G MacDonald, 15/07/14

“Professional, Informative & Motivational. Thanks to Paul Wilson & his great team, my partner & I are ready to take the next step towards property investment. Keep up the good work guys”

Jan W,
May 9, 2014
It would have been extremely difficult to purchase whilst based in China. However Paul and his team tackled every issue methodically and with a high level of professionalism. From discussing what our needs were to finding and arranging finance, the service can truly be described as end to end. Paul and his team have a wealth of property knowledge and a true passion for real estate which shines through in each conversation.
I would recommend Paul’s service for any level of investor novice or old hand.

Hi Richard,

That's a real consideration these days.  I have had a developer cancel the contract for one of my clients because we wouldn't go unconditional.  He lost a genuine buyer, but he was only interested in having a buyer who would waive the finance clause.  On another occasion the investor would not go unconditional, but really wanted to keep the property, so we negotiated a lower deposit to reduce the investors risk and both parties were happy with that.

Any other ways your clients have got around this one, or do they just stand their ground and take it however the developer decides to fall?

Cheers
Paul.

Hi Ten,

refer to the topic

Off the plan or Hurstville properties

There are some replies in there which may assist you.  Otherwise if there are any more specific questions, shoot them through and I am sure you will get the answers you are looking for.

Cheers
Paul.

Hi Alex,

My very first experience in property was to build a duplex pair then moved on to another property so we had 3 in 2 years.  Unfortunately after a divorce and loosing the lot in settlement I found myself starting again.  The second time around after getting back into a financial position to buy a property with limited funds at the time (there is a really good beat the bank story here that I can't share on an open forum) I was able to purchase again.  The 10th property was purchased about 6 years later and over a multiple variety of strategies.  This of course will be different for every investor. 

The most important factor to focus on is your own cash-flow and to find a strategy which will fit in with your budget and comfort zone.  If you are not adverse to risk you can be more proactive in your investing instead of passive. 

Passive is when you buy a house and land package, or a negative geared property in a growth city and then just sit and wait for the market to increase the value.

Active is when you buy a property and manufacture growth in the property value before the market does.  There are many ways of doing this and you need to get good at identifying properties which offer these options for you.  It can certainly fast track your results. 

I hope this helps you some more.
Happy Investing
Paul.

Hi Ninh,

Another option is to refinance your PPR to an interest only loan.  Don't be concerned about paying off the principle at the moment, channel your cashflow into buying assets that will grow in value and create your wealth.  Paying off you PPR doesn't usually create wealth, or leverage. Even if you have your PPR on an interest only loan, that does not mean you can't pay down more off it from time to time, or even treat it like a P & I loan.   By having it as interest only you have the flexibility to pay what you want, but only the minimum obligation to pay the interest component which increases available cash-flow from your income to service other good income producing debt.

I am always happy to discuss with investors their existing portfolio and brainstorm a strategy of ideas that are more specif to their circumstances.  Its a complimentary offer, no strings attached. Just like investors to get some independent ideas that have no agendas attached. 

Talking it through will help to solve your decisions decisions dilemma, there is always more than one way to approach investing but when you look at the options you will find one that sits well with you.

Most importantly,
Enjoy the journey.
Paul.

Hi Sean,

You may consider yourself as average, however the average person does not seek to improve their situation, spend time on educating themselves or set strategies to improve their financial position.  I see hare and tortoise investors all the time and have seen high income earners in a very poor financial position because they spend their money on keeping up with perceived status that they have no money available to direct towards real wealth creation.  They would rather own flashy cars and houses and have a high level of bad debt that traps them into the lifestyle they create.

On a small salary, with good financial management you can develop a good credit history, buy a property that has good cash-flow and as it grows in value or you save for the next deposit then ad another property. 

I started out with a property I purchased for $82K and withing a few years it was valued at $145K.  With the extra equity I was able to  use the banks money to buy another property and so it went. I buy properties where the cash flow is manageable, where the rent mostly looks after the expenses or totally looks after the expenses.  By keeping a balance of your cashflow then you can buy more properties. 

My initial goal was to have 10 properties around the $100K mark that would pay for themselves, then I would effectively have 10 people paying off $1 Mil in assets for me.  From there the properties go up in value so my asset base increased and then I have $2mil in assets and good equity to keep buying more properties.

Set your goals, know what you want to achieve, what your expectations will be and what your real reason for investing is.  Find out what your initial budget is and find properties that fit your strategy within that budget.  If you find something isn't measuring up then you need to rework your strategy so you are in a market ready position, with clarity about what you want to achieve.  This way you wont fall victim to agents that sell you something you don't want, need or can't afford. 

There will be more than one strategy that will work for you, just find one that you are comfortable to start with and then grow as your experience grows.

Happy Investing
Paul.

Hi Ninah1000,

Well said Richard

Work out your strategy first and identify the areas, ensure your budget and borrowings allow for you to not just buy the property but also your ability to fund any works required to transform it into a positive to neutral result. Also factor in items such as depreciation.  Remember if your strategy is to own the property for the next 15 years and you are already at a neutral position, then it wont take too many rental increases over time to make a property positive.  If you can make it positive from year 2 or 3 then its a great investment over the majority of the time you own it even if it falls short initially.

Locations you are considering may also offer the ability for you to create better cashflow by subdividing off a back block, buying a property on two titles, buying a duplex pair on one title doing a strata and selling off one etc.  There are many ways of manufacturing your growth so that when the market moves you just compound on that and end up in a better position of equity, cashflow and ultimately a strong portfolio with flexible options.

Apart from your normal comfort factor and risk profile, also consider other locations that may fit your strategy so you are open to considering the deal based on the numbers not just your comfort zone.  Of course where you start may not be where you finish so making sure you take some sort of action with put you ahead of many.

All the best
Paul.

Hi Rudra,

Although I invest and work with investors all over Australia I am actually based in Queensland myself.

Please send me an email and I will give you the name of one of my contacts who can assist you with all the town planning questions and also can obtain the head works and council costs for you.

There won't be any obligation for you to use them, I don't obtain any financial rewards when I refer to my contacts, I just like to see people get good information from people who also share my culture with how to assist investors.

Kind regards
Paul.

Hi dtrump,

What type of property are you considering?

The area has only just had a slight rise since hitting the bottom of the prices and activity in sales in August. 

The majority of the increase has been in the bottom end price range. 

Coming from such a low point in this market 10 years down the track you will have capital growth.  Just compare this area for properties in your budget against other areas so you can determine the opportunity cost of buying in Forest Lake compared to other potential areas.  Including other States and cities. 

You are looking at the infrastructure of the area so you are aware of what to look for, also consider transport, health services and employment opportunities.

I hope this doesn't confuse you more.
Cheers
Paul.

Hi bagpiper,

Don't pay any attention to the masses, or the media.  In Australia it seems we always are happy to pay discount prices for everything, shoes, tools, clothes, furniture, etc.  The only thing we don't want to pay discount prices for is our assets.  We would rather wait till the press tell us the market is hot, wait till we are falling over other buyers and competing in multiple offers and masses of buyers who are driving up the price of property. 

Are you getting my drift?

There are some very good buys out there, there are markets where the prices of the properties have gone up in value in as recent as the past few months. 

Identify your budget, set your goals for what you want to achieve from your properties and then go find the properties that will meet your strategy.  Capital cities are even producing better returns than some regional towns and at prices below these towns.

Keep in mind your own budget, and risk profile and then make a decision on what to buy based on your figures and factual details and enjoy riding the wave when the masses start to fall over themselves as they enter back into the market.

Happy Investing.
Paul.