Have you had to make a claim with them at any time? Can you tell me what happened and how they reacted?

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

What makes Terri Scheer good?

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

@ Dannyde – So what did you have to provide to RAMS in order to get the home loan?
Are you a PAYG worker or a business owner?

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

How much did you buy the product for?

If it were me I would get the $100,000 equity loan and use it to invest in a cheap positive cash flow property. The property would completely pay for the mortgage repayments AND you would get all the growth of the property as well.

Also as time goes on the rents will go up but the mortgage expenses will stay the same. Meaning you will be able to…[Read more]

Please give more details.

Eg. How much vendor financing is available?
What suburb is this property in?
The address of the property?
The condition of the property?
Some pictures?

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

Is this for people selling their properties with vendor finance? Or for people trying to buy property with a vendor finance agreement?

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

I agree with Dannyde. Aren’t you ripping off your relative? Couldn’t they sell their property for $460,000? Giving them an extra $80,000?

How are you getting around this?

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

@ JacM

Great idea about the buffer money. Unfortunately harder in reality when you are trying desperately to use any extra cash to expand your portfolio.

Who do you have landlords insurance with? I would love to get a recommendation.

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

What do you want to achieve?

Defence investment properties guarantee rent but they charge you something like 16% management fee on the rent. If your only getting 5.2% rental return (after the period of 0% rental return while you are building the property) then you are going to be very negatively cash flowed.

This isn’t always a bad thing, but…[Read more]

I would say stop listening to people! Who cares what everyone’s opinion is.

Here is what I did

1. I set an investment goal – I set a level of passive income I wanted to achieve through investing in property (I am after passive income NOT growth)
2. I decided what I want in a property to get to my goal – I have very specific things I look for in…[Read more]

I spend a great deal of money to find and locate towns in Australia with over 10,000 people. It has proved to be a great resource to me in finding positive cash flow property.

Lucky you have insurance. Unlucky that you are extremely out of pocket until the insurance claim goes through.
This is a good lesson for me to learn and I will be looking at landlords insurance to make sure that the lag between loss and reimbursement isn’t as long as yours.

Can’t help you with any builders or anything but I can offer my sympathy.…[Read more]

Truthfully I don’t know if this forum is exactly the place for you. No doubt you will find some good stuff on here, but a lot of the stuff on here is more about positive cash flow investing and you seem like you are looking to negatively gear and buy, renovate sell. Steve’s R.E.S.U.L.T.S program has a fair amount of renovating, developing and…[Read more]

Seems I have been beaten to the punch by Richard. If you buy it with the intention of onselling it for a higher price (by renovating and selling, or subdividing and selling) then you may incur GST. As far as I am aware it depends on your intention when you buy the property.

If you buy it, then immediately create strata titles and onsell it might…[Read more]

I have not invested in that area, but I do find Ray White to be one of the best in most areas. L J Hooker are generally very good also.

I find the bigger companies have better systems in place for managing rent and tenants and thus are easier to work with. Not always the case though. Good luck in the hunt.

Why not trial some managers for short…[Read more]

I have not invested in that area, but I do find Ray White to be one of the best in most areas. L J Hooker are generally very good also.

I find the bigger companies have better systems in place for managing rent and tenants and thus are easier to work with. Not always the case though. Good luck in the hunt.

Why not trial some managers for short…[Read more]

Have you tried talking to the neighbors or the tenants?

Your tenants might be happy to fix things if you pay for the materials and give them a discount on their rent for the week.

Alternatively the neighbours might be handy-men (but not by trade) and might be happy to help for a small fee.

Ryan McLean
http://CashFlowInvestor.com.au
Positive…[Read more]

Are you asking the different between how someone would manage residential investments to how someone who owned and ran businesses would manage the property ownership of the business?

Your question is a little confusing to me. You need to clarify and give more detail. Examples always help (Eg. How McDonalds manage their property vs how Mum+Pop…[Read more]

I recommend yourself as a financial planner. There is a saying
“Wall street is the only place where people who drive Mercedes ask advice from those who ride the subway”

Often financial advisors are poorer than you and aren’t investors yourself. They say things like “Save money, diversify” but really they are just trying to cover their ass from…[Read more]