Having a family member in it can cause you more problems laterIm just being honest mate…  I wouldnt mix family with business..all the best

Hi, I use these guys based out of Hurstvillle, they have been a great help and specialise in property investment..I met the owner of this company at a seminar run by the reno kings..http://strategicwealth.com.au/

Hey guysThanks for your advice..

Hey Frosty1, I think now is the time to buy (especially in Sydney) you said it yourself rising rents, low vacancy rate, low interest rates (which are still dropping) what more do you want ?? Im still buying Ive just brought 2 more apartments one in December and I exchanged on another one last friday (I now have 7 IPs all brought in the last 2 and…[Read more]

Hi Guys,  good newsMy fiance and I just picked up another 1 bedroom apartment in Sydney (it was a mortgagee sale) its one block from green square train station (3 km from the city)its 80sqm internally and has a sercure car space the building is only 7 yrs old strata fees are 540pq we got it for 305,000, we are using 95% finance + LMI at 6% (v…[Read more]

Im a big fan of inner-city big 1 bedroom (nothing under 50sqm) apartments in Sydney, because of :-the cheaper entry price into blue chip suburbs -great rental yields/ good long term growth-better quality tennants (in my experience)- the number of single person households is increasing, Ive never had any problems trying to rent them out..a few r…[Read more]

Hi Herbpeterson I wouldnt worry about what that agent said, he has a vested interest in you buying the property (his commission)and generally speaking if a vendor has reduced the price, its because they werent getting any offers.. I would still start with a lower than asking price, (no vendor expects to get full price) start low and…[Read more]

Hi guys, good idea mpertile with this thread, with these interest ratesall  6 of my properties are in capital cities and they are all cashflow positive nowmy latest one(brought in the last 2 months) is a 1 bedroom 53sqm apartment with sercure carspace in Surry Hills SydneyI paid $325,000 and its renting for $400pw I borrowed 95% + LMI(IO 3…[Read more]

Hi Ajay, I generally keep it above 50sqm so I can get LMI and therefore a higher LVR (95%)but my fiance and I have one 41sqm apartment(Darlinghurst, Sydney) we got an LVR of 80% (so didnt need LMI)but recently I was talking to a Loans manager at a branch of the  CBA and he said the LMI  coy will go a bit under 50sqm (45sqm)… but I havent tri…[Read more]

Hi Paul,the usual is 20% or $70,000 for a $350,000 property, to avoid paying LMI (lenders mortgage insurance)

Hi Ajay, my fiance and I havent had any problems yet getting finance, we started buying IPs 2 yrs ago (we have 6 now) and we are highly geared (LVR 87%)Ive spoken to a mortgage broker (Aussie home loans) and the loans manager at my local CBA branch and I asked them the same question and they both said they were more interested in our ability to se…[Read more]

Hi Futzy,I used Simmons Wolfhagen a yr ago for a place I brought down therethe guy I delt with  was Chris Perriman (their senior conveyancer) I highly recommend them.there Address is: 168 Collins st, Hobart                                  Ph: (03) 6224 4133happy investing all..

Hi Guysin Ref to what Terry said about LMI, I have found as long as it is over 50sqm I havent had any problems getting LMI and 95% finance for CBD residential 1 bedroom/studio  properties, I always thought there would be less risk in CBD apartments where there is greater demand than apartments in the outter suburbs…?  can you please explain why…[Read more]

Hi ajayayyar,the Rental guarantee sounds good in theory but should the company who manages it goes bankrupt or another company takes over management, that rental guarantee wont be worth the paper its written on, I would definately find out the vacancy rate of the building is because if the above happens you might have to rent it out as a normal…[Read more]

Hi Daedalus01,I use Australian property investor magazine, you can get it from any newsagent ,it has a section in the back that covers rental yields by suburb and vacancy / Growth rates ect its about $9 and comes out monthly..

Hi Kev,An investment loan is an Interest only loan (IO),  the repayments are less than a Principle & Interest loan (P&I) (the usual home owners mortgage) because you are only paying the Interest  on the loan (so as long as it stays IO the principle debt will remain) an IO loan is usual for a set period of time (mines 5yrs) at the end of this tim…[Read more]

Hey guys, the banks only care about the floor size being over 50m if you need lenders mortgage insurance(LMI) and you will only attract this if you want a loan to value ratio (LVR) higher than 80%I would only get a studio apartment if it was in a CBD of a major capital city.. all the best

Hey give90,  my fiance and I have a one bedroom apartment in Sydney cbd, we have done very well out of it.main points Ive found is: -Get one in a small block (up to 30 units) as it has more scarcity, than a block of 150 apartments where there will always  be some for-sale at any one time-Avoid ground floor apartments due to crime and ugly bars…[Read more]

Hey Jezza1, I dont know enough about about trust/company structures to comment, as my fiance and I buy property in our own names. Im sure there are many people on this forum that can answer your questions in regards to trust/company structures ect.Many people told me to do the same, buy 1 house live in it and sit on it pay it off as quick as you…[Read more]

Hi Calvinci,   I would get a another building inspector in, if he comes back with the same findings and says its a minor fault, I would get some quotes of how much it would cost to fix it, take that to the vendor and ask for a cheaper sale price orif you have a pending finance clause in the contract (you should have one) you could say that you c…[Read more]