Thanks :)

Always like what donald trump did when he was younger – Buy an old hotel and renovate, but lease to permanent tennants. Bottom floor offices and top residence.

Thanks :)

Always like what donald trump did when he was younger – Buy an old hotel and renovate, but lease to permanent tennants. Bottom floor offices and top residence.

Was back here to get my profile pic and saw my old post.

I still remember how excited & proud my mum was to see her son in a magazine – of course she showed everyone.

Ive hit 50+ properties this year but more in brisbane & sydney suburbian areas – its very unlikley will buy any more in regional towns only beacause i dont need to anymore.

In…[Read more]

Personally I would pay 20% deposit on all properties either in equity or cash.

When you have 2 or 3 properties it is ok to cross them, just make sure the loan has a switching facility so when your loan security goes up in value you can do a partial discharge and release the second security.

Look for properties that you can immediately add value…[Read more]

UPDATE: Rams has taken 80% rental income.

Thanks. Ive tried to avoid smaller lenders but it looks like the best option short term until the big 4 change their policies again.

I bought 4 units there end of 2013. Even though the values have only increased by ~$30,000 each, the rents on each have increased by $55 p/w each.

Regarding growth corridor. It is a smaller one than Gold coast to Brisbane corridor but still has a ton of future potential.

Pretty much any houses around low $200k will do well in next 18months.

Im buying anything in that price range without too much consideration for equity growth as it will be automatic for the short term.

South : Limit beenliegh
North: Limit Caboolture
East: anywhere (except eastern islands)
West: Limit Carol park

If you have 20% deposit and stay away from Mortgage insurance you can. But considering its student accommodation you may need 30% deposit.Also would be a big help if its for both students and residents like Shafston mansions in Brisbane

I use Commonwealth bank to finance these in the beginning.

Studios can never compete with a 2 bed unit in…[Read more]

Freckle wrote:
He's leveraged to the gills with circumspect valuations. Darryls in that very dangerous phase where he's waiting for equity growth to reduce leverage to a point that is sustainable long term. His $200k earner is gross TO and will in the main be consumed by servicing.

It's the most adverse risk profile you can have as a PI. The…

[Read more]

Freckle wrote:
He's leveraged to the gills with circumspect valuations. Darryls in that very dangerous phase where he's waiting for equity growth to reduce leverage to a point that is sustainable long term. His $200k earner is gross TO and will in the main be consumed by servicing.

It's the most adverse risk profile you can have as a PI. The…[Read more]

Freckle wrote:
He's leveraged to the gills with circumspect valuations. Darryls in that very dangerous phase where he's waiting for equity growth to reduce leverage to a point that is sustainable long term. His $200k earner is gross TO and will in the main be consumed by servicing.

It's the most adverse risk profile you can have as a PI. The…[Read more]