Hi, finding a mentor is very simple. Also have you asked the person selling the materials second hand why they are selling them??

Fundamentally there are only three basic investment choices 1.Stock Market 2. Cash 3. Property. Everything else comes under those headings. The money only ever moves around those three things. Its a controlled environment and dont think its the natural forces that decide which way things go. They guys at the top move money around and hence move…[Read more]

Where do you live now?

Why do you feel the need to use a buyers agent?

Go and find a good (recommended by someone you trust) Financial Planner. Time is not on your side and you need solid advice.

He wasn't talking about an old property he was talking about house and land for 700K brand new in Sydney. Sure you can do the renovate route but what if he's not up to that personally, not everyone is good with a hammer! Buying and holding cheaper IP's is far less risky and if holding and using equity no agents fees. Horses for courses.

Yield in sydney at the moment can definetly be good, its easy to find 6%+ no problems

I see! What sort of property? new/old /apartment/house and land??What are the yields like down there at the moment? (i'm in sydney)

What I meant was purchase price without costs. So just the price you paid or are intending to pay regardless of stamp duty etc. What state are you buying in?

Wow! Great Prop Manager you had there! No wonder your changing. You probably need to read your agency agreement that YOU had with your exisitng PM first (not the tenant lease). Sometimes agents will put a clause in there that says they have up to 90 days to hand over a file once you say you want to change property managers. This really just makes…[Read more]

I'm with the previous guy, dont go the big house to start out, especially with interest rates coming back up. It would be potentially some time before you can qualify for an IP. Better to go for cheaper IP now and keep doing that, build a portfolio then go the house you really want.Its amazing how things change, my parents were always told buy a…[Read more]

Hi, I know for myself to calculate a "gross yield" just the weekly rental multiplied by 52 and divided into the price. In todays market anything under 5% doesn't really cut it for me and beware the rental guarantee!! I.e. If its such a good area and property wy does the rent need to be subsidized?? Dont think your not paying for that in the…[Read more]