Just wanted to throw out a big thanks for this post. This is very thought provoking. I have never thought of using property options as a way to make money from property. So this is an exciting road to look down.

I defiantely won’t do this any time soon. But it is definately a viable option for me in the future.

Has anyone done options on…[Read more]

Sorry you need to explain this in layman’s terms.

Are you saying that you simply need to disclose the vendor loan to the bank and they count it as a personal loan (if it is not secured against the property), or they count it as a second mortgage if they the loan is secured with the property.

What are you saying about the installment…[Read more]

Thank you so much. My friend hear this from an accountant…obviously the accountant didn’t know what he was talking about.

This is really good to know for everyone, especially people who invest together. Investing together using your own names is the worst, because you are both liable not only for your own actions but also for the actions of…[Read more]

I agree. It is so frustrating that I cannot get a hold of relevant data for a decent price. It kills me and it is so frustrating.

Thanks for this post…whether anything will change…I don’t know. But it is good that people are making the problem aware.

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

Unfortunately I live in Sydney, but this is a great idea. Can you please update a post with how many people came and how it worked.

I really want to start networking with people in property. This is a great idea.

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

I have found that I prefer to use franchise real estate agents (such as L.J.Hooker or Raine & Horne) instead of small local real estate agents. I have found that they are easier to work with and are better to work with. But obviously this is not always the case.
Real estate agents generally charge 7-8% of the rental income of a property. They also…[Read more]

What is your investment strategy. Why did you buy land? What do you want to do with it?

Do you want to build on it? Do you want to simply hold it?

You say you need to stop your self from going under. What do you mean by that? Are your loan repayments too big?

Please explain yourself more so we can help you better. What are you trying to achieve…[Read more]

Don’t let anyone tell you not to do it if it fits into your investment strategy.
Be careful because there could be a lot of hidden costs. If it is in a park then you might have quarterly fees and you might actually not be legally allowed to rent it out to a long term tenant. But if you have looked at all these hidden costs and it still works out…[Read more]

The population of Gladstone is over 45,000 people. Bank don’t tend to lend more than 80% LVR on towns with under 10,000 people. So with a town of 45,000 you should be fine for a 90-95% LVR.

May I ask…is the property positive cash flowed?

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

Why not make a low ball offer? Just explain why you have made the low ball offer. Tell the real estate agent that is sold for X only 2 years ago and due to the commercial zoning you don’t believe it is worth the current price. See what they come back with. The Vendor might counter offer.

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

@Mr Elmo – What made you choose their course over all the others? Moving into property renovation full time is a big step, so congratulations. I hope you have done some renovations before and had some success, because it might be stressful otherwise if you are out of work and you fail to make a profit on one of your projects.

Have you ever…[Read more]

I don’t know a lot about unit trusts, but I know a little about discretionary trusts. One thing you need to check with discretionary trusts is whether friends can create one together…someone told me it is only a family trust. But I don’t know if this is true.

Obviously you are creating your trust structure for asset protection and ease of…[Read more]

Just be careful of over extending yourself when it comes to leveraging the banks money. Interest rates are going up so before purchasing you should take into account at least a 2% interest rate rise over the next 2-3 years. If you can afford it and still remain cash flow positive then you might have a great deal on your hands.

Also make sure you…[Read more]

This is great. Has the bank already valued the property? Because often lenders will not value the property above the purchase price as they want to limit their risk.
If you want to buy a second investment property then why not go the route of a 400k loan so you have have money in your offset account ready to go for the next investment? This will…[Read more]

When you say it costs A LOT! how much are we talking about? Like hundreds of dollars? Thousands of dollars? or multiple thousands of dollars? The property is pretty cheap (around $100k) so spending 5k on changing two wall panels doesn’t seem to be worth the worry. It would veto the entire investment.

So how much are we talking?

Yeh those older style box units are UGLY!!! I doubt you could get away with building those things these days. As RHPlanning said, the council may ask you to dress them up to make them look better and not blight the surrounding area. If the demand is there for 1 bedroom units and you think that this will get you a better return on investment then…[Read more]

Do you value your sanity?

If the answer is yes then get the builder to do as much as possible. Don’t just settle with one builder because he came and gave you a quote…get a few quotes from a few builders and see what is negotiable on price. You never know…the builder may be happy to offload some things onto you.

I think the amount of money…[Read more]

The wall may be load bearing, in which case it will be expensive to remove as you will need to install struts in the roof to carry the load. Sonyasal is right, you will also need to deal with body corporate and get their permission to make strucutral changes. If it is not load bearing and it adds value to the apartment then I don’t see why you…[Read more]

Hey clint,

excuse my lack of capital letters as i am typing with one hand and holding my baby girl with the other.

this could be a good idea or it could not be. adding value by doing a renovation can make you a lot of money in a good market, but can lose you a lot of money in a falling market. there has been some talk about a possible market…[Read more]

Sorry I wish I could answer your question but I can’t. I have never done this before.

I must say it is a great idea building a new house behind the existing one. It would be great for rental return as you don’t have to buy more land, you only have to pay for the house. If you can subdivide the land then you will create even more value. So well…[Read more]