ten_burner replied to the topic Root of all evil? in the forum General Property 14 years, 9 months ago
Hi guys I think its funny when people say they dont care about money yet these same people work 8-10hr a day, 5 – 6 days a week.. all for what ??you guessed it… MONEY
ten_burner replied to the topic which book do you recommend? in the forum Hi Shahabr
His latest one 14 years, 10 months agoHi Shahabr His latest one is the Revised edition of 0-130 properies in 3.5 yrs which was originally his first Book but has been updated extensivley, I would say its better than Margaret lomas books…all the best
ten_burner replied to the topic is gearing of 36.9% too low? in the forum Help Needed! 14 years, 10 months ago
Hi SimmoI would be gearing at least to 80% to avoid LMI, but if you were super agressive and wanted to expand your portfolio quickly then I would pay LMI and use 95-100% finance, obviously this depends on you situation and your servicablilityI actively leverage highly to increase my Cash on cash return… but it depends on what your overall g…[Read more]
ten_burner replied to the topic Declining property prices in 2010… in the forum General Property 14 years, 10 months ago
Hi everyone this the same media that told us the sky was falling on property 12 months ago and the last 12 months have been the best growth ive had(12%+) http://www.smh.com.au/business/sydney-house-prices-surge-a-record-12-20091231-lkyl.html in Sydney compared to the 2 yrs prior and in that article the NAB predicts a 5% decline in property end of…[Read more]
ten_burner replied to the topic 2009 how did you do in the forum Commercial Property 14 years, 10 months ago
Im a sydney based investor my mrs and I aquired 3 IP in the last 12months in Sydney and this is the best yr we have had growth wise(we have 5 IP in syd and 3 in other states) I think ill do well this yr toobut I think growth will slow down end of this yr as Interest rates riseall the best
ten_burner replied to the topic How would you handle this – x tenant turned a/h and has now bougt across the road – spread rumors ect ! in the forum Help Needed! 14 years, 10 months ago
thats another reason why I stick with capital cities you dont have the petty problems like the whole town turning on you ect
ten_burner replied to the topic Beginner Investor. Recommend me some useful books in the forum Heads Up! 14 years, 10 months ago
Hi kokamos I highly recommend this website www.businessmall.com.au/ it has all of the above books and more its free postage within Australia I use it all the time..
ten_burner replied to the topic How would you handle this – x tenant turned a/h and has now bougt across the road – spread rumors ect ! in the forum Help Needed! 14 years, 11 months ago
Hey mister, I got a couple of ideas for your situationa weeks or 2 free rent to get a new tenant in,try going into the local pub shout a round of drinks and tell your story so you can clear the air with the locals in the town and win them over to your side..all the best
ten_burner replied to the topic Young Investor seeking tips on what to do next…. in the forum Help Needed! 14 years, 11 months ago
Hi Bendepending on your borrowing capacity and your ability to service the debt, I would set up a LOC on your PPOR you will have LMI on top of that as your LVR will be above 80%( but I see that as a small price to pay to leverage into more property) then using a 5% deposit (taken from the LOC)leverage into another property, if you have the s…[Read more]
ten_burner replied to the topic Bank Loans? in the forum General Property 14 years, 11 months ago
Hi Corey, I would definately go to the bank first or call them and get a pre-approval for a loanrealestate agents take you more seriously instead of treating you like a tyre kicker and you know how much you can spent which stops you wasting your time to, then you can focus on property in your price rangea pre approval still has some con…[Read more]
ten_burner replied to the topic October 09 Property Crash Begins in the forum General Property 14 years, 11 months ago
Hi Jmielle, I went to look at your Youtube vid but it it says it has been removed by the user (yoursellf)
ten_burner replied to the topic Best time of year to buy Property – Buyer Advantage in the forum General Property 14 years, 11 months ago
I think october til the new yr is the best time to buy as most people want to avoid making large expenditures around xmas time so you will have less competition when you buy
ten_burner replied to the topic Real Estate commission on rentals in the forum Help Needed! 14 years, 12 months ago
Hey guys I forgot to mention the RE agency I go through gets the 1st weeks rent for a new tenant but for a lease renewal for an existing tenant they dont get anything
ten_burner replied to the topic Real Estate commission on rentals in the forum Help Needed! 14 years, 12 months ago
Hi Tayrn it depend on where your property issydney is around 5-6 % Canberra is the highest I believe 10-11% hobart 8-9% the more properties you have with any one agency the more dicount you should get should Im getting 4% in Sydney at the moment
ten_burner replied to the topic What would you savy investors do with… in the forum Creative Investing 15 years ago
with the equity he has he would have little problem getting that through the CBAI have less equity than that and got 105% finance (property+LMI+stamp duty) through CBA I just had to come up with legal fees
ten_burner replied to the topic Darlinghurst, Inner Sydney area – can anyone recommend a good property manager? in the forum General Property 15 years ago
Hi Daveln, I highly recommend Matt Geftakis he is an agressive property manager from Rain & Horne Elizabeth bay184 victoria st, Potts point NSW 2011ph 9332 2000
ten_burner replied to the topic What would you savy investors do with… in the forum Creative Investing 15 years ago
i would be out buying already, seriously alot of buyers will hold off buying now because no one likes making big expenditures leading up to xmas…i would take a LOC on the Investment property and buy as much growth property in Capital cities as i can using 5% deposits + LMI thats my strategy ive been using for 3 yrs my fiance and I are sitting on…[Read more]
ten_burner replied to the topic Investment properties in the forum Help Needed! 15 years, 1 month ago
actually its cheaper in Sydney for a single property its between 5-6% plus GST if you have 2 properties its around 4% plus GSTusually 1 week rent letting fee, you can get re-letting fee there after for half a weeks rent..Sydney is one of the cheapest in the country for residential property management I think Canberra is the most expensive…[Read more]
ten_burner replied to the topic what would you do? in the forum Help Needed! 15 years, 2 months ago
Hi Madeinitaly, I think its great you want to retire in around 7 yrs, but I think you will need a more aggressive strategy than some of these post suggest..Have you thought of using 5% deposits, IO loans and LMI to help you leverage into multiple properties ?With the cash and income you have you could leverage quickly into 4-5 property using the…[Read more]
ten_burner replied to the topic Specialist property accountant in Sydney in the forum Hi 15 years, 2 months ago
Hi Lukashttp://www.strategicwealth.com.au/ Ive been using strategic wealth management, in hurstville I highly recommend them
- Load More