ryan mclean replied to the topic Advice for Financial Structure in the forum Help Needed! 14 years, 9 months ago
Hey,
Me and my wife earn a combined income of $40,000/year. We have set up a trust and a company and are currently in final negotiations of buying our first property.
I can’t give you legal financial advise, but here is my personal opinion.
You have to look at your investment strategy and whether trusts fit into that. Basically you buy…[Read more]
ryan mclean replied to the topic Still a bit confused by all this. Want to build townhouses. in the forum Help Needed! 14 years, 9 months ago
My question to you would be why do you want to build 3 townhouses? What is your investment strategy?
If you haven’t investing in property before then maybe doing a large development straight off the bat isn’t the best option. I’m not saying you can’t make money doing it, or that you shouldn’t do it (by all means go ahead) but just be careful. If…[Read more]
ryan mclean replied to the topic Property Analysis Software in the forum Me and my friend are working 14 years, 9 months ago
Me and my friend are working on a killer property analysis spreadsheet. It can tell you in 10 seconds whether or not the property is positive cashflow…but it is not available to the public yet….sorry
ryan mclean replied to the topic Sourcing Properties in the forum Help Needed! 14 years, 9 months ago
@ JustinT – Buyers agents can be helpful but their fees are ridiculous. The average investor can’t afford to pay for a buyers agent. Most of them charge at least 2% on your purchase price (which works out to be around $8,000 on a $400,000 property). Plus I find that buyers agents always want to push their own agenda and not try to fit in with your…[Read more]
ryan mclean replied to the topic Answers to “Where to Find CF+ Deals” in the forum You can use a positive 14 years, 9 months ago
You can use a positive cashflow property finding service like CashflowInvestor.com.au
It is getting harder and harder to find positive cashflow properties these days, so to have a team of people working to find them for you is a great idea.
I don’t like property brokers as usually there is an upfront fee of at least $500 and then you can to pay…[Read more]