Hi Marc,
Yeah, baby steps towards starting a business.
I intend to have something up and running by end of the year or early next year.

cheers,
Sanjiv Gupta

“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,
You will probably get better price after strata titling the units. It will be much better if you are able to assign some land to each unit.

cheers,
Sanjiv Gupta

“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 suzieq,
Equity = Property Value – Amount Owed

cheers,
Sanjiv Gupta

“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 suzieq,
If I were you, I would borrow as much as possible against the IP (because the interest payment is a tax deduction) and invest any spare cash in investments giving me more than 8% (or whatever is your fixed intt rate).

cheers,
Sanjiv Gupta

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

Hi Glasco,
Welcome to the forum.
The costs can be split into two – closing costs and ongoing costs.
Closing cost includes things like stamp duty, loan establishment charges, solicitor/conveyancing charges, etc. Typically these costs are around 5-6% of the purchase price.
Ongoing costs includes things like council rates, water rates, insurance,…[Read more]

Hi rmcdonald,
Instead of putting in 5% deposit, try to negotiate 5% deposit bond. The bond will cost you few hundred dollars (may be close to a grand) but leaves your 5% equity deposit with you.

cheers,
Sanjiv Gupta

“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 Nicko,
I think SA market will continue to grow on the back of strong demand for resources specially uranium mines.

cheers,
Sanjiv Gupta

“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 benking84,
Be careful, tax avoidance is illegal. Tax minimisation is okay though.

cheers,
Sanjiv Gupta

“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 Tara,
What’s the website address?

cheers,
Sanjiv Gupta

“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

Besides what others have mentioned, I will check the following as well:
1. Aspects – tradisionally north facing is considered better.
2. Views – water, park, reserve, golf course, etc.
3. Council zoning – this will determine whether you can build multiple dwellings on it or not
4. Housing in the neighbourhood
5. Developer caveats/design rules
6.…[Read more]

Hi Tracy,
I think houses are still doing very well in Kalgoorlie. I would certainly hold on to the houses for the time being. Units on the other hand have peaked (I believe) and it may be a good time to sell units there.

“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]

thanks God for that.

“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

Good on you, Mark.
So you are offering 26% pa return on a fixed term investment of 8-12 weeks or 18% pa return on investment over 6 months. Correct?
Are you offering any security?

“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 Holly,
I don’t like such investments due to:
* Limited capital growth
* Low LVR (around 65%-70% and worse if the unit is less than 50 sq mts)
* You cannot do anything (in terms of adding value, increasing rents, etc) with the investment but lease it to the motel management.
* High cost – body corporate, management fees, etc.
Hope this…[Read more]

Good on you, Property Jim
Is there any particular reason you are looking at buying in Parramatta? More than likely the property will be negatively geared. You can look at some cashflow positive or neutral property in some strong regional town for lower investment.
Regards
Sanjiv

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

Hi Ben,
I think you need to make a decision based on your life goals, your career goals, your investing goals, your education and your experience. I know of REA who are really successful andy et others seem to be struggling.
You can probably find more information on careers in real estate at http://www.reiq.com.au.
Regards

“There is no pas…[Read more]

Hi eliz30,
You can also have a look at http://www.positiverealestate.com.au
They are buyers advocate and offer cashflow positive or positively geared properties.
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

Try Dysart, Moranbah and Blackwater in Queensland.
All are mining towns but are returning around 8-9% rental returns.
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,
You can get more information on buyers agents at the following website (Real Estate Buyers Agents Association of Australia)

Home

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 Juliana,
You can get some information on Frankston from the following post
https://www.propertyinvesting.com/forum/topic/26604.html?SearchTerms=frankston,anyone
If you search the forum you may be able to find some more posts.
From what I know of Franskton, you will find it extremely difficult to find a cashflow positive or neutral property.…[Read more]