Huge shame, contact an agent, get some informal vals done, then use your credit and buy a boat.

Your sitting on gold mate. 

If you were in Melbourne, I would respectfully ask you to remove your post and meet you with cheque book in hand.

All the best

Cheers, Ivan

If you were in Melbourne, i'd be on the phone to you immediately. Depending on the area, this has amazing potential, advertise them together on separate titles and be aware of easements. 

Good Luck!

Cheers, Ivan

Hey Nigel, your a fan of commercial, don't mind that. Are you obtaining finance in the states in a SMSF? if yes, shoot me an email please.

Funny story, client rings me today (actually an experienced accountant), says Ivan, a firm called XXX Pty Ltd, I met them and they told me about the cheap property in Detroit and the amazing returns. Firstly I spat out my drink, then had an honest chat with the old fella. Please please don't anyone advertise Detroit, there is just nothing to advertise.

Engelo buddy, sorry we missed each other, make it next week!

Cheers, Ivan

Oh thats where Schapelle Corby is staying….

G'day I-SMSF,

There are a number of lenders with an existing policy such as above (1&2), one i'll name is Liberty.

Re number 3, pretty much every lender is 80% for resi and 70% for commercial, I can't think of any who are not? what is the tighter LVR criteria spoken of?

I really don't see the link to the ASIC scrutiny though? ASIC is cracking down on SMSF Property advertising without an AFSL.

I don't use ING, however would be interested in anyone seeing tighter LVRs.

Cheers Ivan

Hi dev2ret,

Welcome!

15 metre frontage…..slim but 55m is good. I am not sure if there is a restriction, however, you can definitely get 3 descent size townhouses on there. However, your probably looking at 20 sq and not common driveway and turning circle which will limit the design as well as easements.

Suggest you give the council a call to see whether there are limitations. We have done 2 townhouse developments in Surrey Hills, Burwood and Box Hill, Vermont, and Box Hill Sth however there were 30 sq townhouses. Currently building a stand alone house 40sq in Camberwell – the best yet!

Once you get the design I can recommend a builder for a quote.

Cheers Ivan

Hi Tyler, pretty big checklist…..

PPOR – Hell yeah, but I use it to invest and grow. Top tax bracket – not telling you! Residential properties…..yes sir, always looking for the next opportunity inside and outside of super…..

Hope that answers your questions.

Cheers, Ivan

James, 

Suggest you get over the spam thing and move on. When I joined, I was not clear but now I am and can happily contribute to this wonderful forum. Promoting business 'above the line' is not allowed, below the line is. This site seems to be attacked daily by spammers usually be SEO freaks from India. 

I have a heap of investors investing in Georgia. What do you want to know?

Let me be clear, Redwood does not issue advice/ reccomendations on US property, our clients have SMSF and invest in US property.

Cheers, Ivan

Hi there Grace,

NZ is becoming a real alternative for Australian investors. Finance is available from here or over there and no stamp duty (yay) or CGT. Factor that in with the relatively cheap prices (look at Auckland v Melbourne).

I know a NZ broker based in Auckland and also can meet them here (in Melbourne). 

Re finance, ANZ is relatively easy.

Hope that helps

Cheers, Ivan

As jac said you can find plenty….its a good situation….with my rental properties, I have been able to increase rent over the last 12 months by 5-10% depending on the area and demand.

Obviously rental returns are impacted by the rental rate and the value. I'm not seeing a decrease in rent either in my portfolio or my clients portfolios.

You can have an increase in value and a steady rental which is still a good situation.

You can also find the 'right' pocket of Melbourne to invest in and get the right yield, ot in fact look outside the box and look at regional victoria, where you can obtain affordable property with an excellent yield. 

Again, check the area, do your diligence and you will find the right formula for success……we are finding our clients are….