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Viewing 20 posts - 101 through 120 (of 232 total)
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  • Profile photo of BennyteeBennytee
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    @ten_burner
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    Post Count: 243
    July 22, 2012 - 10:51 am

    Hi Mattsta,

    I believe Sydney and parts of NSW are good value for money, interest rates are still historically low and tipped to go lower.
    I think a lot of people are sitting on the fence taking a wait and see approach, the turning point will be the next federal election late next year. After this event I think consumer confidence will return to normal levels.

    Profile photo of BennyteeBennytee
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    @ten_burner
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    July 22, 2012 - 10:33 am

    Everyone wants capital growth but, its the cash-flow hand in hand with capital growth that allows you to keep projecting into other IPs. You can have all the equity in the world if you don't have serviceability to get the next loan its not much good (unless you are going to sell to realise the gain). a real life example: my wife an I a few years ago were holding 8 IPs, it was a negatively geared portfolio, even with capital growth I was struggling to get a small LOC let alone another bank loan to get another IP.  (I have since restructured it to cash neutral)

    Jenny don't under-estimate cash-flow, without strong cash-flow (neutral to positive) you will eventually hit a wall with serviceability

    Profile photo of BennyteeBennytee
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    @ten_burner
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    July 20, 2012 - 5:16 am

    welcome aboard Daveskis

    Profile photo of BennyteeBennytee
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    @ten_burner
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    July 20, 2012 - 2:18 am

    Here is a link to that thread

    https://www.propertyinvesting.com/forums/property-investing/value-adding/4327810

    Profile photo of BennyteeBennytee
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    @ten_burner
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    July 19, 2012 - 4:08 am

    I agree serviced apartments are worse than owning a studio apartment, you have very little control over them and they have higher management costs. I would steer clear of them.
    Have you looked in the outter suburbs Jenny? if you are after cash-flow (thats the vibe Im getting) you might get a better net yield in the outer suburbs, you will have more control over the asset and property is generally easier to finance than some of the property types you mentioned.

    Profile photo of BennyteeBennytee
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    @ten_burner
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    July 17, 2012 - 11:36 pm

    I cut this straight out of my blog…

    I have recently read some articles on purchasing small inner-city studio apartments* as investment properties in the Sydney CBD area due to the cheap entry price into the market.

    I have been monitoring the Sydney CBD market closely over the last several years and strongly disagree with this strategy for many reasons.

    The biggest reason being:  there is very little demand for these types of apartments!

    Lenders class studios as high risk as they know it is difficult to on sell them, those who do provide the finance will offer a much lower Loan to Value Ratio than they would for larger apartments. The above issue results in fewer people being in the market for studio apartments.

    Experienced property investors will agree that supply and demand are the true drivers of property prices, if a property is difficult to finance (like studios) then it will be in less demand and this equals less growth.

    * My definition of a studio apartment is anything under 40sqm of internal floor area and with no wall to divide the living and the bedroom areas.

    Profile photo of BennyteeBennytee
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    @ten_burner
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    July 12, 2012 - 11:38 am

    I think she hosts "Your money your call" and "Property success with Margret Lomas"

    Profile photo of BennyteeBennytee
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    @ten_burner
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    July 12, 2012 - 11:04 am

    Grand designs

    Profile photo of BennyteeBennytee
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    July 12, 2012 - 7:42 am

    I subscribe to all three but, SPI is the new comer I think its better than YIP and API. SPI has its own investment properties which they do follow up stories on.

    Profile photo of BennyteeBennytee
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    @ten_burner
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    July 7, 2012 - 2:54 am

    Hi danger mouse,

    I flew up there 4 months ago and had a look around I was quite impressed with the Gladstone however, Im not sure why you are only looking at house and land packages. For that sort of money you could be closer to the city in an established suburb, I found some of the housing estates to be out near the airport and further out of town. When I was up there I was told and saw for my own eyes their blue chip suburbs, where most people wanted to live were Kin Kora and Sun valley and for the price you are looking at you could buy in them ready to go and get a bit of change out of 500K..just a thought

    Profile photo of BennyteeBennytee
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    July 6, 2012 - 9:50 am

    lol No not at all, I actually flew up to Gladstone 4 months ago and spent a few days looking at properties. The comment you saw is just part of my signature block lol it just means do you due diligence, crunch numbers, create the outcome instead of hoping for the best outcome that's all 

    Profile photo of BennyteeBennytee
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    @ten_burner
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    July 5, 2012 - 6:43 am

    here is a link to an ongoing post, it has a lot of info about Surat Basin. people add to it often

    https://www.propertyinvesting.com/forums/property-investing/help-needed/4337447

    Profile photo of BennyteeBennytee
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    July 4, 2012 - 1:31 am

    Your solicitor has usual seen alot of strata reports so they know if the situation is good or bad but, it sounds like you might have some special levys coming your way. I have a seen a friend go and re-negotiate down an agreed price on a place during the cooling off period due to a large 15k special levy that was picked up on a strata search.

    Profile photo of BennyteeBennytee
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    @ten_burner
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    July 2, 2012 - 12:47 pm

    yes however, you will not settle on the property till this has been sorted, speak with your conveyancer

    Profile photo of BennyteeBennytee
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    @ten_burner
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    July 2, 2012 - 8:54 am

    Hi Joe,

    As the electricity and gas are in the vendors name they will chase it up with him, you cant be liable for these as they are not in your name.
    Any strata fees, council and water rates outstanding are squared up by settlement by the vendors and or taken out of any profit he receives at the settlement, again you wont be out of pocket, this is my understanding, I have delt with a similar situation, my experience was in NSW

    Profile photo of BennyteeBennytee
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    June 29, 2012 - 4:28 am

    It’s a classic case of if it sounds to good to be true……..

    Profile photo of BennyteeBennytee
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    @ten_burner
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    June 28, 2012 - 5:01 am

    Anything by Steve McKnight is good value his writing style is almost a manual for property investing he puts alot of detail in them compared with other books on the market.

    Profile photo of BennyteeBennytee
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    @ten_burner
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    June 28, 2012 - 4:55 am

    I wouldn’t bother with the render it’s not really going to add much to you rental return, unless you are looking to sell it soon, painting would be a cheaper option.

    Profile photo of BennyteeBennytee
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    June 27, 2012 - 11:18 am

    Hi guys,

    I have read steves book in question its designed as a very rough tool to sort the wheat from the chaff, I think the idea was when you find one that meets the 1% rule you negotiate, get the vendor to move down on price then look at ways to increase the rent so you end up with a better rental yield on top of the 1% rule, me personally I would want at least 2% above the current interest rate Im getting (6.1%) on an interest only loan with a LVR 80% to 90%,

    I agree with catalyst before I began negotiations I would have all the out goings, reno costs on a spreadsheet

    Profile photo of BennyteeBennytee
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    @ten_burner
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    June 27, 2012 - 7:59 am

    you get more security than a ground level one

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