If I was a mother of two children about to go out on my own then personally I would be looking to buy positive cash flow property.

With $100k, I would be looking to investing in 3-4 cheap ($70-$150k) properties that turned a positive cash flow. The thing is, as a soon to be single mother, any extra cash flow can certainly help.

The reason I like…[Read more]

Sounds like someone should start up a Cairns property group so you can all meet up with like minded people. I would be interested to go to one in Sydney

When you are thinking about renting vs. buying think about this example scenario and what would benefit your lifestyle more.

Own a house and be paying mortgage every month on that house?
Renting, and having an IP (or two) that paid for your rent for you because they were positive cash flowed?

Ultimately the best thing to do would be to own your…[Read more]

The worst areas in Moree are south-west corner….because that has high density government housing. There is also some government housing in the south-east corner. I think these areas are reflected in price.

Recently was about to buy a property there, and the banks valued it 15% less than what I had bid for it. In Moree there isn’t any Lender’s…[Read more]

Good luck with everything. It sounds like you are in a difficult situation.
It would be painful to pay them out and then have your good tenants leave and have to find a new PM. But if your good tenants stay long term then you could cut out the middleman and become the PM yourself. You wouldnt have to pay your commission fee.
I would only do this…[Read more]

@ Kevin – If you are determined to sell yourself then I would do everything you can to get it on domain and realestate.com.au because this is where most people go. I would NEVER go to a site like homesales.com.au to search for a property…there wouldn’t be enough listings to make me interested.

So if you have to do it yourself then work hard to…[Read more]

You would need to factor in AT LEAST the rate of inflation, which runs at around 3-5%. Sometimes companies put their prices up more than inflation, but generally they will at least follow inflation…otherwise they are going backwards.
If you want to be conservative then factor in a 5% increase in costs. Otherwise anywhere between 3-5% should give…[Read more]

Actually I currently live in a house that I don’t think they got council approval for dual occupancy.
It is a pain in the ass when I need to do anything with the RTA/government because their systems don’t register the A part of my address….they say it doesn’t exist.

Is it hard to get dual occupancy through council?

Ryan…[Read more]

It is a complicated question because you are talking about complicated business structures.

The way I understand it is this (could be right or wrong I don’t know):
– When you buy a McDonalds franchise (usually over $1million) you are often responsible for buying the real estate which that franchise is on. But the real estate is owned by…[Read more]

@ Gords – It is difficult to give a straight answer with not much information.

You have to be careful, if you buy her out and then sell the house and buy a new one then you are looking at paying a lot of stamp duty and closing costs, which will negate any tax benefits you might have in buying a new property.

If you have paid off a lot of the…[Read more]

@Gary – It might be an idea (considering your good position) to go and see a mortgage broker. For me mortgage brokers didn’t work to well because I didn’t fit their bill (Low income, investing with trust, one child, young, casual worker etc) but for you with a large deposit and good combined income a mortgage broker should be able to find you the…[Read more]

What are the values of land around that area?
Are you hiking up the price because you are offering vendor finance. Would you be willing to offer 20% finance?

Ryan McLean
http://CashFlowInvestor.com.au
Positive Cash Flow Properties Are Just a Click Away

I wouldn’t buy a property based on whether or not it had a good tenant/bad tenant or no tenant.
The current tenant doesn’t determine if the property is a good investment. If they are bad tenants you can kick them out and get new ones. If it isn’t tenanted then put it on the market, if your property is good it will be rented in a week or two. If…[Read more]

Terry’s idea could be worth considering. Instead of selling, and risking the bank not being able to service your construction loans, why not bring in someone else to help you finance it and take a 50/50 cut. Just an idea.

But I agree with Basbog, things change over time. Why might have worked for you 3-5 years ago might not be working today. I…[Read more]

@ Tracy B – It is great to hear your story and to find out exactly how things are going. It is really interesting to hear from someone in the thick of it.

One of the properties I am looking at buying at the moment is on a huge block and I am looking to possibly subdivide it. So this thread has been great for me. Thanks to everyone for your input.…[Read more]

@ Tracy B – It is great to hear your story and to find out exactly how things are going. It is really interesting to hear from someone in the thick of it.

One of the properties I am looking at buying at the moment is on a huge block and I am looking to possibly subdivide it. So this thread has been great for me. Thanks to everyone for your input.…[Read more]

@ Tracy B – It is great to hear your story and to find out exactly how things are going. It is really interesting to hear from someone in the thick of it.

One of the properties I am looking at buying at the moment is on a huge block and I am looking to possibly subdivide it. So this thread has been great for me. Thanks to everyone for your input.…[Read more]

Just a few things to be careful of.

1. If you get the new loan with the same bank then your loans are automatically cross securitised. This means if your townhouses fold, then the banks can go to your Principle Place of Residency (PPOR) and make you sell that. So be careful with that and maybe look at starting your next loan with a new bank.
2.…[Read more]

Also those documents are littered with legal jargon that the average person cannot understand.
I have not done dual occupancy before, but I am currently looking at a property that has a granny flat/unit at the back and I would like to turn it into dual occupancy.
Looking forward to seeing what people have to say.

Ryan…[Read more]

I use PKF in sydney, but they are actually based in Melbourne and they have been really really good to me.

They don’t just want to take my money, they want to teach me and help me understand which is what I believe one of the most important things.

Also, they give you 2 accountants. That way if one accountant is away on leave you can still…[Read more]