How do keep borrowing for further investing when the only income received is from property investing?

With extreme difficulty. Even if you had a fully paid off property worth $500k, at a 4% net return, this would still only equate to $20k income. Rent reliance may then become an issue.
And whilst you might use this to invest in shares and achieve…[Read more]

Terry,

What would change (if anything) in this scenario, if there were two people applying? One overseas like Leigh and another in Australia.

If borrowing 80% or less (in joint application), would this pass lenders & MI criteria?

http://www.theage.com.au/news/National/Melbourne-shaping-up-as-another-Hong-Kong/2005/03/22/1111254002192.html

Noticed the anti-Melbourne 2030 proponents are starting to make some noise through Bob Birrell. (Remember him from uni as author of studies outlining the negative effects of immigration)

Does anyone think they will have some traction…[Read more]

I had my phone number unlisted 6 months ago, yet alas, I still get these phone calls, more often than ever.

If you find a solution, post it here…..Good luck

The Trustee won’t accept any offers prior to auction (I have been told this by the agent …. should I go direct and speak to the trustee about this?)

It is my experience that all trustee sales go to auction. This is not unusual.

Have you or your solicitor veiwed the vendor’s statement?
What are comparable properties being sold for?

Question re hybrid trust. If you set up a hybrid trust and buy units – aren’t the units then an asset of yours and open for attack from bankruptcy, litigation etc Where does this leave your asset protection?

Don’t forget under a HDT, the discretionary nature of the trust allows any proceeds of any sale or income to be assigned as the trustee…[Read more]

We have just purchased a property in south frankston and sold it within a week for a good net,

You sold it within a week? Is that a typo?

Collingwood

Thanks for your responses – will let you know of my experience and efforts to woo them into the valuation that I want.

C@34,

Intellectually, just can’t see how a software system could help you achieve more from a valuation viewpoint than what the market actually says it is worth ie comparavle sales. Maybe my mind isn’t open to accept this new paradigm!

I guess there is a money back guarantee which might be useful for those who are tempted but unsure. In my…[Read more]

Maximus,

I think they might be referring to low-doc loans, which require an ABN

https://www.propertyinvesting.com/forum/topic/6467.html?SearchTerms=low-doc,and,ABN

Buy or rent?

Richmond, Sth Yarra, Sth Melbourne or even Docklands. There are many different (older to newer premises in these areas which will suit different budgets). All close to transport & good areas for going out….

I personally live in Sth Melb and walk to work (in Southbank).

Ask your wizard consultant if the loans are fully securitised – I believe they are.

This increases your exposure to the Mortgage Insurers even if the loan is under 80% and you don’t pay an LMI premium. At some point this may affect your lending ability.

Could you please explain the above. Aren’t most mortgages securitised anyway? Thanks.

This is a link with regards to property taxation in Greece.

http://www.rre.gr/mb/lifeonrhodes/magazine.php?id=227

Jacqui,

I think you are referring to what the NSW government introduced from July 1, 2004, also known as the Vendor or property exit tax.

Yes it is different from stamp duty (applied on a purchase), it is applied against the purchase price of the IP when it is sold and is payable by the…[Read more]

but you must admit in your scenario it is timing the that works in Delta’s favour, must you not? In your example she has bought at each trough – how do the numbers stack up if she buys as prices cross their long term trend? What if she buys above that trend?

I didn’t start with the premise to favour Delta. Just simply to illustrate the point, that…[Read more]

devilcv8,

The 12 months that Terry is referring would be bank policy on the specific loan.

I am going though the process with finance on a contract for property, which was signed in Dec 2003. From my research only Bankwest, Macquarie & Adelaide Bank would lend on valuation up to 90%, as long as it was at least 12 months from contract date.…[Read more]

http://www.realestate.com.au/cgi-bin/rsearch?a=s&cu=&s=nsw&ag=&t=res&snf=rbs&pr=0-200000&pr=200000-300000&tb=sydne&u=SYDNEY&cat=Studio&is=1&p=10&o=def

http://www.domain.com.au/Public/QuickSearchValidator.aspx?Mode=buy&sub=2000&ssubs=1&proptypes=N%2CU%2CI%2CD%2CV%2CW&bedrooms=D&from=1&to=300%2C000…

Andreaw,

UI Value $264,000
$200,000 – $539,999: $200 plus 0.2 cents for every $1 of the value that exceeds $200,000

Therefore (64,000*0.002)+200 = 328

I think you calculated based on 20 cents or 0.2. Because it was nominated in dollars, 0.2 cents is actually 0.002 dollars

If LT was $13,000 for your example, there would be mutiny in the streets!!

If somebody, somewhere can time the market well, buying low and selling high, they will absolutely outperform a buy and hold investor.

Have done a scenario based on what you have outlined and unfortunately we cannot upload files here.

Two people purchase IP for $200k with 20% deposit as the property boom picked up momentum. Interest rates I…[Read more]