Hi Shaepower,

Welcome to the forum, i just seen your post and will answer your question shortly, firstly, you dont need to buy the realestate to sell the deal on to some one else.

What some spotter or finders agents have been able to do, is setup an agreement in such as in a contract, were the agent gives you the right to sell the property on the behalf of them and on the vendor.

Such things in the agreement can include, specific dates to when the property will be fortfeit back to the agent as a listing if the spotter is unsuccessful, the agreement will also stipulate that the agent cannot sell the property to another person, or some one who shows interest.

This protects both parties who are trying to sell the property for the vendor. Though in most cases, as part of the agreement, if the spotter is successful in selling the property to an interest person or party, then it will be stipulated in the contract in most cases that a small finders fee must be paid out, to such persons or acting persons.

Hope this gives you a better understanding.

cheers
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hi Redwing,

Mortgage Hunter is correct.

Yield: Rental Income divide by purchase price timse by 100

And your formula you did is correct, though caculating yield is no good as, it does not take into account how much cash you put in.

Better to use CoCR or IRR, both these will give a much better result and more accurate answer.

Cheers
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Only through experience you get better…

cheers
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hi Spider

And Welcome to the forum, its honestly up to you, if it was me, why dont you do both,

and if it dont work out…. what have you got to lose, you can always sell your PPOR and cash in on any profits that are made or incured.

Or you can continue purchasing Investment Properties and cash in on them

Or use them as a product of financial management in helping you get a PPOR in Sydney or provide a greater passive income.

In respect both ways, will work well.

cheers
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hey Crocodile,

This might be important to you, as your a newbie on here, but knowing what the yeild on a particular property is not that quite importan, as it does not give a clear idea of what the exact cash return is, this is also the same for CoCR, if you want a true but more accurate return, you should be working out your IRR as this gives a much more clearer indication, and of what the property can expect in the few new years of what new true returns will be achieved.

cheers
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hey Steve,

Could you please tell us “Which Fiancial Lender” who is offering 10 years fixed rate and what their currnet rate is?

Cheers
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hey Steve McKnight,

whats ya doing, your taking over your forum board, every post written is posted by you.

lol, whats happening????????

cheers
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hi big fella,

i use a strategy called “Offset Gearing”, and at the begining of this yeah i held 2 jobs and worked 7 days for about 6 months, while doing uni,

since about aged 13 ive always had a job were i work most afternoons and mornings before school and on the weekends, been saving and investing my earnings since then.

cheers
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hi Guys,

Still own 11 properties, was going to purchase another 4, though instead i provide the full finance and equity to some one else, currently in the midst of also purchasing another 6 properties, with 3 being for myself and the other 3 being fully 100% financed again, but for someone who again is very close to me.

Techniqually, would own 21 properties in 10 months but due to helping some people and providing the full finance and equity out of my properties, will be just on 14 in about a weeks time.

cheers guys, still 21 and still in school.
s.i.s

ps. failed highschool and failed uni, and going to tafe in the new year.

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hi Peterm,

lol, i dont refuse to pay a spotter fee, i thought first metting was free.

cheers
s.i.s

ps. does that spotters fee include gst?

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”
How?