These are areas where I have done some extensive research on. Yes there are many properties in Whyalla where cashflow positive is well and trully achieveable, (especially the half masonite properties), however the vacancy rates in the area is at around 14% which is extremelly high, in addition its population has been decreasing for many…[Read more]
If so, do you recommend any areas where rental yield of 12% plus is achievable?
I have been looking for weeks now around the coastline as these are my preferred areas.
Thanks,
Mannie.
“It’s too late to go back and make a brand new start, but from today you make a brand new end”.
Can you tell me which company you are thinking of dealing with?
I don’t want to elaborate on which Company I only want to know for my own personal curiosity.
These sort of Companies will generally advice you on a property that suits them more than you. In addition to that they will also help you with the management side of it for a…[Read more]
Can you tell me which serviced apartment you are thinking about purchasing?
I have some experience with them, so I may be able to give you some more insightful information. I may know the development very well.
Regards,
Mannie.
“It’s too late to go back and make a brand new start, but from today you make a brand new end”.
Are both properties on the same floor? As price varies between floors.
Are both properties enjoying the same aspect?
Is one looking at the mountains where the other is looking at the ocean? (I doubt this as there is little difference in price)
Mannie.
“It’s too late to go back and make a brand new start, but from today you make a…[Read more]
First of all, there are some banks willing to lend on market value. From memory I believe St. George are one of them. Check with a broker it may be easier.
In regards to your second issue, if above option fails I would approach the bank and find out who are on their list of valuers, I would then use one of these, it would then be…[Read more]
I can’t believe that the best you can do with a management fee is 8%. You should be able to negotiate down to a 6% for one property and at least 4% or 5% if you have more than one property with the same agency. This is in Victoria.
I personally don’t think it is my worthwhile to manage my own properties as I cannot possibly be…[Read more]
I actually thought that the comment of Australians biggest killer disease called “Shilby Wright’s Disease” was a good call.
Some other very interesting points as others have already mentioned. The rest was a sales push to enrol people in the 3 day course.
I need to be teased with a lot more information to entice me to go to the Sunshine…[Read more]
You mentioned – not using the family home (PPOR)and being “safe”. When planning on investing you must always think with the end in mind. As Sooshie mentioned do you have a family trust? did you buy your current PI under a trust? I’m assuming you are a very conservative sort of person from your comments, therefore a family trust with a…[Read more]