Hi celeste,
A job well done, conratulations.

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Jason Whitton (Co-founder of Source Wealth) nearly lost everything before becoming a very successful property investor.

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Firstly, welcome to the forum.
Nothing stops you from property investment on a part time basis. In fact most people do it that way until they are able to generate enough cash flow for financial freedom.
What you have to do is to use LEVERAGE, that is, build a team of experts around you that can help you achieve your property investment goals. You…[Read more]

Do you know the asking price?

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Hi Sharif,
It depends on what your investment goals are. Are you looking for capital growth or cash flow? Are you looking at Melbourne and surrounds only?
If I were you, I would be looking at opportunities in other states as well as you can find better cash flow.
That said, of the 3 properties you listed, I will probably go with the property in…[Read more]

Hi
I think the short answer is YES.
Regards, Sanjiv

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Hi ginag,
You can try http://www.realestatemagazine.com.au/
Its an online magazine that has rental and sales information for all areas.
You can subscribe to limited edition free of cost but unlimited access will cost you $99.
Hope this helps
Sanjiv

“There is no passion to be found playing small – in settling for a life that is less than the one…[Read more]

Hi blogs,
Could be due to people buying overpriced houses 1-2 years back and now finding it difficult to make the repayments.

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Hi lesleyk,
Agree with bridgebuff.
You should look at replacing the roof and take the asbestos risk-factor away from your investment. As you mentioned, it allows you to do other things like adding skylights, etc.
The other thing you can do is negotiate with the current vendor and try and get a reduction on the purchase price due to asbestos…[Read more]

Hi marky88,
I guess the decision on buying this property on not depends on your investing goals. If you are seeking cash flow then capital growth should be a secondary consideration. Any capital growth you get should be considered as a bonus. I agree with bridgebuff that some properties just lag behind others but in the long run all properties…[Read more]

Hi trajik,
You can try Source Finance Group (www.sourcefinancegroup.com). They are based in Southport, QLD.
I have financed few properties in a trust structure with them.
Hope this helps.
Sanjiv

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Hi Nathan,
You may find the following publication from ATO useful.
http://www.ato.gov.au/content/downloads/NAT1729-06.pdf
Regards
Sanjiv

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Hi Andrea,
I agree with DLPP. Positive cash flow properties are still out there but are getting harder to find. You will typically find them in regional towns.
Regards
Sanjiv

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Hi myabode,
Just so that I understand this, is your client and the vendor one and the same party?
If not, is your client looking at “rent to buy” option?
Regards
Sanjiv

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Dear vluu75,
I got my house fully rendered couple of years back. I cannot remember the exact cost but I think it was around $36 per sq mt. I’d say the cost of rendering will probably be close to $8000 (professionally done).
Looking at the amount of time and effort required on the work, I will not think about doing it myself. If you are a…[Read more]

Hi suffragette,
It depends on what you want to achieve out of it. If you want to have a positively geared property, you probably need around 6.5-7% yield plus decent depreciation.
If you are looking at cash flow positive property, you need around 10-11% yield.
You can still find some positive cash flow properties in regional…[Read more]

Hi again,
Forgot to mention, Steve has released his new book ‘From 0 to 260+ properties in 7 years’. Its very good. You might want to read that one as well.
All the best
Sanjiv

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Dear small_time,
First of all, welcome to the forum.
To answer your questions:
1. Equity = Property Value minus Outstanding Loan
You can get a rough idea about the property value by getting a property agent to give you an appraisal or keeping an eye on what’s happening in the area. However, for the purpose of financing, the lender will get a…[Read more]

Hi vkolker
At a very high level, they offer two services:
1. Spotting a property
2. Negotiation during the purchase.
Typically, they charge about 1% for each service.
Have a look at the Real Estate Buyers Agents Association of Australia website for more information.

Home

“There is no passion to be found playing small – in set…[Read more]

G’day Terryw,
I recommend ‘Transforming Debt into Wealth’ by John Cummuta. In this CD series/book, John teaches about simple yet very effective techniques to reduce your bad debts in the quicket manner.
Regards
Sanjiv

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of liv…[Read more]