Hi Nathan,
Why don’t you put the kit on ebay for bidding? You might be able to get good price there.
Regards

“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 Dr. Spock,
Good on you for sticking with the challenge.
I think your next step depends on your circumstances. If you have credit card debt then put the saved $1000 towards it and keep saving in the future as well. Try to pay off the high interest bearing debts before you really embark into property investments.
Regards and good…[Read more]

Hi ao
The inspections are definitely worth. At the end of the day, they are there to protect your investments and if there are any issues, it gives you an opportunity to renegotiate or pull out of the deal.
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]

Hi seanj
You can use the services of a buyers agency to minimise the risk. I have bought couple of properties without actually visiting the property and can’t really complain about my investments.
Regards and good luck,
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…[Read more]

Hi jack620,
Buying off the plan (OTP) is not all that bad if done properly. Few good things about buying OTP:
1. If you get into a 12 month plus settlement with the developer then at the time of settlement you can refinance using the increased value of the property. You mentioned your target area has gwown 17.4% pa over the last 10 years or so. If…[Read more]

Hi ruf,
You need to consider the transport cost of your strategy.
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 woodo,
If I were you, I will use the equity in my current property and the cash from sale of the business to invest in properties.
The trust and company set up is the way to go from asset protection point of view. Bear in mind there will be ongoing fees (ASIC, accounting, etc) but its a small price to pay to protect your
ass(ets). You will…[Read more]

Hi ttman,
I believe over a long period of time, inner city suburbs will offer better capital gains.
One important thing to consider is in a property downturn, you will find properties in inner city suburbs hold their values better. But you need to be careful about what kind of properties you buy. You need to buy within +/- 20% of the suburbs…[Read more]

PosEnterprises,
You need to consider Capital Gains Tax as well if you plan to buy and sell within 12 months. I think the bank exit fees will be a smaller consideration compared to CGT.
My suggestion, don’t sell within 12 months. If you want to release the equity, I believe you can always get the property revalued and…[Read more]

Hi yeohkt,
I suggest you look for a 2BR unit. I believe they offer better capital gain and rental yield because they cater to a bigger market (both buyers and tenants).
Have you considered “rent to buy” for yourself. You can rent a 2BR unit with the intention to buy in 6-12 months time. That will give you enough time to save a bigger deposit for…[Read more]

G’day Peachy,
You would get a pre-approval and then buy a property. After buying the property, you have the option of organising the finance or building/pest inspections.
The sequence depends on whether you are expecting any issues with the finance and/or inspections.
If you believe you will struggle to get the finance then organise the finance…[Read more]

Hi,
Try Jason Whitton (www.sourcewealth.com). I am going through their 12 month mentoring program and am extremely happy with it.
I have also heard about property mentoring program offered by Dymphna Boholt (www.dymphnaboholt.com).
Both Jason and Dymphna are speakers at Tony Robbin’s Wealth Mastery seminars in Australia.
Hope this…[Read more]

Hi eve100,
If you are based in Melbourne suburbs, you can try using Nancy Keep & Associates (www.nancykeep.com.au).
She is a serious property investor herself and has a very good group of associates (finance specialists, insurances, property manager/s, etc.).
She can offer some other innovative (and tax effective) investment products as well.
Hope…[Read more]

Try sourcefinancegroup.com. They are based in Southport, QLD and St Leonards, NSW.
They specialise in non bank lending and really look after their clients.

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 petlover,
Firstly, congratulations on your decision to buy your first investment property.
I think the answer to your question depends on what you want to achieve from your property investments. . You may buy some negative cashflow properties to balance your property portfolio but it should not be bought to get some tax benefits. Given you have…[Read more]

Hi Santoriniwalk,
I don’t think you need to sell your new PPoR to “unlock” the equity to invest in other properties. You should take out a maximum LVR (90-95%) loan on the PPoR and use the equity to invest in investment properties. Also, I believe you would need to stay in the PPoR for atleast 12 months to be exempted from Capital Gains Tax. If…[Read more]

Hi Mat,
You can try using positiverealestate.com.au. They are buyers agency that will spot a cash flow positive property and negotiate it on your behalf.

Warm regards,
Sanjiv

G’day Wylie,
The portable airconditioners are not worth the money.
Get a small split system and it would be an improvement to the house as well.
Regards
Sanjiv

Hi ao,
You have to be careful when you read developers advertisement like that. $350k house in Point Cook is not very cheap. The 20 minute travel to city is non peak hour travel time. You would use West Gate bridge to travel to Melbourne city and its like a parking in peak times. I think the “real” travel time is anywhere from 40-60 minutes.
Also,…[Read more]

Hi lepryth,
I have used the services of positiverealestate.com.au and they are very good.You can also go to the Real Estate Buyers Agents Association of Australia webssite – http://www.rebaa.com.au/

If its just spotting the properties, even I can help you out to some extent. Drop me a private message and we can discuss the fees etc.