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  • Profile photo of Tracey BTracey B
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    @tracey-b
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    Post Count: 158
    April 17, 2012 - 5:38 am

    Hi ccpat
    We have a small facility – 30 sheds and have found them to be a terrific 'hands-off' investment. 
    We chose to put ours in the hands of the local real estate agent to manage them – because we don't have the time and their office is just down the road, making it easy for renters as well.
    We hold the security deposits in our off-set (because it's not residential) and refund them whenever someone moves out – the agent just flicks me an email to say they've left everything in order and I eft the refund.
    Only challenge is most major banks will lend only 50% value as they're a specialised commercial property.  The other brokers here may have other options available to them……
    Having said that, we'd sell ours for $460K, (offering an investor 8% NET) so if someone had $230ish in cash or equity they'd be right to go on a smaller facility like ours.
    Cheers, Tracey

    Profile photo of Tracey BTracey B
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    @tracey-b
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    April 12, 2012 - 4:03 am

    The market seems to have changed from 12 months ago …… NAB has just offered to finance 7 of ours on residential terms.  These are at the same location but already on separate strata titles.  We couldn't find anyone who would do more than 4 when we purchased 12 months ago.

    Surprise, surprise, ANZ is now re-thinking whether they have to have them as Commercial….amazing what they can do when they think you're going to walk.

    Profile photo of Tracey BTracey B
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    @tracey-b
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    April 12, 2012 - 12:12 am

    I too would love to see the pics – [email protected].

    Thanks!

    Profile photo of Tracey BTracey B
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    @tracey-b
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    April 11, 2012 - 11:47 pm

    The art of negotiation!

    I'm not familiar with the laws in WA but here in Tassie if there are two parties having offers presented you are advised of that and are asked to put your best offer forward.  You need to sign a declaration to say you've been advised there is another party making an offer and you've submitted your best and final offer. 

    It's always difficult to know the amount to offer in these situations although you would know the price you could pay for the numbers to work for you. 

    I agree with mattnz – even at $260K sounds like it was way under market value and a great purchase. 

    Shame you missed out this time but I'm sure you've learnt something from it to take into your next negotiations.

    Profile photo of Tracey BTracey B
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    @tracey-b
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    April 11, 2012 - 11:28 pm

    Agree with mattsta's suggestion of borrowing themselves and keeping the cashflow. 

    There are some great properties all around Australia in the lower price bracket which have nice returns.

    Profile photo of Tracey BTracey B
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    @tracey-b
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    February 28, 2012 - 6:45 am

    Hi InvestorMick

    Are you willing to share what LVR you have for ANZ to be getting residential?  We have 8 on separate strata titles with ANZ and they are at commercial – bundled in with several other properties.  They are currently doing our review and I'm thinking I need to be reviewing them as well.

    Cheers,
    Tracey

    Profile photo of Tracey BTracey B
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    @tracey-b
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    February 15, 2012 - 3:34 am

    Hey Nathan,
    Are you going to keep coming and head to Tassie?
    Cheers, Tracey

    Profile photo of Tracey BTracey B
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    @tracey-b
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    February 11, 2012 - 8:42 pm

    Knowing nothing about Ingham – would be need to be sub $200K before I did any further due diligence….

    Profile photo of Tracey BTracey B
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    @tracey-b
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    January 17, 2012 - 4:09 am

    Profile photo of Tracey BTracey B
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    @tracey-b
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    January 17, 2012 - 3:33 am

    Check out these couple of threads as they might explain it better than I can.
    https://www.propertyinvesting.com/forums/property-investing/help-needed/4335989
    https://www.propertyinvesting.com/forums/getting-technical/legal-accounting/4338836?highlight=margin%2Cscheme
    Also do a search on margin scheme and a whole lot of other threads will appear.

    Don't worry about sounding stupid – we only learn if we ask!

    Cheers,  Tracey

    Profile photo of Tracey BTracey B
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    @tracey-b
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    January 17, 2012 - 3:09 am

    Not quite sure whether you've factored GST into your calculations…if not, the picture would potentially be around $50K less, depending on margin scheme or not, etc. etc.

    Great exercise to work through though – every time you do one of these you are one step closer to finding a deal where the numbers work.

    Cheers, Tracey

    Profile photo of Tracey BTracey B
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    @tracey-b
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    January 15, 2012 - 8:57 pm

    Hope your inspection went well…..my only hesitation would be the promise of a tenant/rent rate as the rental market is not as strong as it was 12 months ago – make sure you prove to yourself that you can get a tenant at the rent you expect, maybe make the contract subject to securing a tenant @ $x per week.

    Food for thought: Here’s another property you might like to check out which has a higher yield than the Hadspen one: http://www.realestate.com.au/property-unit-tas-riverside-108548436. You’d pick up a single one of these for $130K and they rent for $175 per week. Not as pretty but the tenant is already in place for 12 months….and there’d be an opportunity to renovate and increase yields….there’s one in the complex that has had new carpet and some paint and rents for $210 per week.

    Hope your first investment goes smoothly.

    Profile photo of Tracey BTracey B
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    @tracey-b
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    January 12, 2012 - 11:14 am

    Hi Terry
    Can you expand on no. 2 please?
    Can you distribute the company profits as franked dividends at a later time?
    Thanks,  Tracey

    Profile photo of Tracey BTracey B
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    @tracey-b
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    December 8, 2011 - 5:36 am

    Another option which may be quicker than a personal loan may be to obtain a Credit Card to use for the property related expenses and then pay that off with from funds from the investment loan?  You would then have that 'credit' facility available to you if the situation arises again.  (So long as it doesn't stuff up your debt servicing ratios.)

    Cheers, Tracey

    Profile photo of Tracey BTracey B
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    @tracey-b
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    December 6, 2011 - 2:44 am

    Hi Mat
    I don't know your goals or strategy but I'd use it as a deposit and closing costs for my next CF+ property to balance portfolio, making it easier to hold the negative ones (assuming they've got good capital upside)
    Cheers, Tracey

    Profile photo of Tracey BTracey B
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    @tracey-b
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    November 26, 2011 - 9:23 am

    Hi Emma,

    Maybe these regular get-togethers would be what you seek?  http://www.activepropertynetwork.com.au/melbourne.html

    Cheers,
    Tracey

    Profile photo of Tracey BTracey B
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    @tracey-b
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    November 10, 2011 - 5:49 am

    Hi Lesia
    Just wondering whether you bought the self storage units?
    Are you able to suggest what good numbers for this type of investment would be? ie. Would you consider 30 units in regional growth area with good occupancy, gross rent $48K and net of $38K for offers over $450K to be good value?
    Cheers, Tracey

    Profile photo of Tracey BTracey B
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    @tracey-b
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    November 1, 2011 - 3:33 am

    I'm thinking a reduction…..

    Profile photo of Tracey BTracey B
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    @tracey-b
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    October 10, 2011 - 9:18 pm

    I like regional areas and my favourite type of property is blocks of units.  We currently have some in Trevallyn, Launceston (pop 100,000) and Turners Beach, Tasmania (nestled between Devonport and Ulverstone so larger populations).  Each unit is valued at $130K – $150K and rents for $175 – $210 per week.

    I really like having these lower priced properties with multiple tenants…….if one moves out we don't lose our whole income stream…..enables us to renovate then relet @ higher rent.  Having said that, Trevallyn has not had a vacancy for long enough to enable us to do any renos yet :-).  This really demonstrates that vacancies in regional properties are not an issue if you buy in areas with strong fundamentals.

    Another upside of this style of property is being on separate titles we are able to sell any or all of them whenever we want to, offering decent yields for the next investor :-)

    Profile photo of Tracey BTracey B
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    @tracey-b
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    August 9, 2011 - 12:01 pm

    I checked those Moree ones out a while ago too, actually on 15 February this year so they've definitely been listed for while.

    If you'd like to turn on private messages in your profile I'll send you a link to something else I'd consider in the current market.

Viewing 20 posts - 81 through 100 (of 154 total)
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