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  • Profile photo of Tracey BTracey B
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    @tracey-b
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    July 20, 2011 - 4:01 am

    What net yield are you expecting?

    Profile photo of Tracey BTracey B
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    @tracey-b
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    July 19, 2011 - 5:21 am

    ok, thank you.

    Profile photo of Tracey BTracey B
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    @tracey-b
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    July 19, 2011 - 4:10 am

    Thanks Richard would prefer not to put too much detail here – they're in a suburb of Launceston, population 100,000.

    We have all but appointed a listing agent so I will make sure they're aware that we are willing to offer a split contract with simultaneous settlement for the purchaser if it helps with the finance.

    As always your suggestions are much appreciated!

    JacM – good point about the insurance – I'll keep that in mind.

    Cheers,
    Tracey

    Profile photo of Tracey BTracey B
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    July 19, 2011 - 1:14 am

    Richard (or anyone else) could you please clarify something re 'depending on the strength of the deal'…….
    With the odd lender that may do 6 at residential rates: scenario – 6 units, brick and tile construction. for $750K, $53K PA income, what's the highest LVR you might expect? would this be considered a 'strong' deal?
    Also, if they're already strata'd as opposed to in-one-line does that make a difference to the interest rate or LVR?
    Thanks,
    Tracey

    Profile photo of Tracey BTracey B
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    July 18, 2011 - 8:40 pm

    If they're already strata titled split them between 3 different lenders to keep them residential.  NAB was doing up to 4 as residential a while ago so probably depends on their lending policy at the time……

    Profile photo of Tracey BTracey B
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    July 18, 2011 - 12:47 pm

    We have some strata titled units @ 49 sq m which, financed with ANZ.  Whilst not on the title, the 'allocated' car space and court yard helped in our situation.

    For me having to go to an alternate lender wouldn't put me off – I like the higher yields and whilst some of ours are rented to people receiving government benefits they do have a regular income and employment is not an issue.

    I would not purchase small units (even over 50 sq m) in a block of several hundred as I would have no control over body corporate charges and there's unlikely to be a scarcity factor when the time comes to move it on.

    Profile photo of Tracey BTracey B
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    @tracey-b
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    July 7, 2011 - 8:05 pm

    Hi Matt
    Nice $ position you find yourself in!  I think the decision about PPOR or IP is a personal one it's not up to me to tell you what to do.

    Re what/where to buy – why not consider using say half of the money as a deposit towards a small block of units.  If you buy some with decent returns you will be cashflow positive and the lender will include the income from them in your servicing capacity? And they'd put money in your pocket each week. :-)
    Personally I like units because it reduces the risk of vacancy – we're not likely to have them all empty at once.  Then there's the benefit of strataing and selling them individually in the future.
    Keep doing your research – there's a mountain of information on this forum and also on other websites.
    Cheers,
    Tracey

    Profile photo of Tracey BTracey B
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    @tracey-b
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    July 3, 2011 - 11:19 am

    Hi Bayer

    I have made terrific progress with support from the Results program.  If you type Results Mentoring in the search on this forum you'll find  quite a few posts from others who have participated.  Here's one that might be useful.

    https://www.propertyinvesting.com/forums/community/heads-up/4335898?highlight=results%2Cmentoring#comment-232241

    Best wishes on your property journey,
    Tracey

    Profile photo of Tracey BTracey B
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    @tracey-b
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    June 30, 2011 - 7:02 am

    Wow, that was quick – thanks Michael.  I will email you later with further info.

    So can I just check – you're saying that even if 4 were with say NAB and 4 with another lender, only one would give 90% LVR and the other 80% LVR?

    Profile photo of Tracey BTracey B
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    @tracey-b
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    June 30, 2011 - 1:19 am

    To the finance guys: 
    We are about to sell an 8 unit property and would like to understand whether purchasers may be able to borrow 90%.  These ones are on individual strata titles, have laundries internally, fully tenanted, in a city of 100,000.  Expected listing price will be $1.1M, offering the purchaser a 6.7 gross yield. 
    Would any lenders do 90% on something like this?
    Does the level of return for the size of the investment come into consideration for lenders when determining the LVR?
    If lenders won't do 90% on something of this size, maybe we are better off to sell them individually (although we were planning to leave something in it for the next person)?
    Cheers,
    Tracey

    Profile photo of Tracey BTracey B
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    @tracey-b
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    June 26, 2011 - 9:57 pm

    Jack good point re Adelaide.  I'm seriously looking at mining towns in Queensland rather than the Tassie ones for the reasons highlighted by others ealier in this thread – land tax is the main reason we're starting to look elsewhere.

    Having said that, while I find properties locally with good yields ie, 8% plus, my money will stay in Tassie.  We are not buying in high risk areas and our low income tenants are very reliable.  The most recent property we purchased is a beach-side property, tenants in place and showing better than 8%.  We bought under market value so have gained instantly, rather than leaving it to 'normal' capital growth.

    Keep looking, they're out there.
    Cheers,
    Tracey

    Profile photo of Tracey BTracey B
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    @tracey-b
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    May 31, 2011 - 3:18 am

    How to join – just PM your mobile number to either myself or Marie123 and we'll text you a meet up place and time once we're there – to work around the session times etc.

    Cheers,
    Tracey

    Profile photo of Tracey BTracey B
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    May 30, 2011 - 9:02 pm

    Thanks for the update.  Look forward to hearing how you go with the next 2.

    Profile photo of Tracey BTracey B
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    @tracey-b
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    May 30, 2011 - 8:16 pm

    Dear Angel
    Thank you for sharing this tribute with us – certainly makes me reflect on what ARE the most important things.
    Although no words can really help to ease the loss you bear may your memories give you strength.
    My thoughts are with you are your family.  Take care and we look forward to your return.
    Tracey

    Profile photo of Tracey BTracey B
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    @tracey-b
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    May 29, 2011 - 9:12 pm

    hi Tim

    For a another group of people to catch up with check out http://www.activepropertynetwork.com.au/perth.html      I believe it is a very well run group although I've never been myself as I'm in Tassie!

    Best wishes as you embark on your investing journey.

    Cheers,
    Tracey

    Profile photo of Tracey BTracey B
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    @tracey-b
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    May 27, 2011 - 7:07 am

    Thanks for the feedback guys – great posts.  Alistair is certainly on my list for finance as we move into commercial
    investments.
    I'll post here re buyers agents as we move through the process.
    Cheers,
    Tracey

    Profile photo of Tracey BTracey B
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    @tracey-b
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    May 25, 2011 - 8:30 am

    Hi there,
    We're heading to the Mega conference.  We've booked at Medina Grand Harbourside in a studio room for $713 for the 4 nights.
    Any suggestions on best way to find people from this forum among the 2,000 that will be there?
    Cheers,
    Tracey

    Profile photo of Tracey BTracey B
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    @tracey-b
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    Post Count: 158
    May 24, 2011 - 4:19 am

    Hi Pascoe
    Did you find a commercial buyers agent in Melbourne that you were happy with?  If so, could you please post their details, or if you would prefer send them to me on a Private Message?
    Thanks,
    Tracey

    Profile photo of Tracey BTracey B
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    @tracey-b
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    May 23, 2011 - 11:00 am

    Hi Nic,
    Your profile is not accepting messages so hopefully the following link will take you there:

    http://groups.to/richdadlauncestontasmania/

    Cheers,
    Tracey

    Profile photo of Tracey BTracey B
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    @tracey-b
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    May 12, 2011 - 12:52 pm

    For what it's worth I agree with Ryan.  I look for houses which have extra land to add more dwellings or subdivide.

    We do have strata titled units where we own the whole block which works ok too, no strata as we just pay for all the outgoings for the whole property. ( We will sell a couple of blocks on shortly though as they don't fit our long term strategy ;-))

Viewing 20 posts - 101 through 120 (of 154 total)
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