I doubt it will hold people off buying .Human nature is a funny thing,when things appear rosey ,we keep going hard,until the downturn has fully come ,then people start selling and/or putting the brakes on -then its often too late .

Hey Buyersagent !

Not sure man but dont think it would be a drama

kind regards
luke

Don’t lend anyone money.

Terryw | Finlaw Pty Ltd

Terryw.com.au

Email Me

Do you mean personally Terry or as a mortgage broker?? LOL

Hi guys ,
If its cashflow +
Have you considered using the cash flow to pay it down thus reducing the risk and losses?
Or are you in way over its value?

Hi guys ,
Great info Matt !
My family have regularly hoildayed at Orient point down there ! Love it!

Awesome advice Xenia !

I stuffed up last year in one of my short term holiday accom rentals .
This guy was the nicest person in text and on the phone !
He ended up using a stolen credit card to pay then wouldnt get out of the house(or his druggie mates LOL
addmitedly its much harder to vet short term rentals but lesson learned

Hi Monte,
Binvested is run by Nathan .
He is a great young guy on fire doing big things !

Just be careful not to get caught up in the image and hype of what somewone else is doing .
Learn first what works for you and set your own pace,

Kind regards
Luke

My lesson;
Definately first listen to those who have done what yr trying to do
but also be careful as success can bring arrogance,and greed,leading
to a “make money for me first” attitude instead of a
“I will help others succeed before my own profits” attitude
Be wise and dont get emotional ,take yr time !

Yes build-prior to 85 probably it is asbestos
85-90 good chance
90 on probably not asbestos
dont take any chances
make sure they use water to wet it down first if moving it

Have you thought of adding a small second bathroom ?

Hi Guys ,

We do holiday accom at surfers during the 6 months that its most busy then rent it out for the rest of the year private.This works really well but it is in cbd with high demand.

Currently china but more generally USA

Hi Liz ,

I would say start smaller to get experience. You dont have to go 2 to 3 million to start out in commercial.

I like to get a smaller unit and split it and fit it (within reason) .This creates some vision for the tenant
and reduces there outgoings but increases the landlords.
Just make sure you have some foot traffic whether thats just…[Read more]

Hi Nigel ,

Hope your enjoying it up there in the US!

Can you give us a summary of Investing in Florida?!!
What sort of returns are you getting for clients these days man .
What sort of product?
cheapies or commercial or??

Hi Waydo,

Mate there are many different opinions on this but last i was aware in logan
(we got the qld council’s info docs about 12 months ago)
was you could only rent them to the same family members(or anyone on one lease for the block)
But they were trying to change it to be able to lease seperately.
I know people who build them legally…[Read more]

Hi AM,

Mate it is different in each state but definately in QLD you need to insure the day you sign contract
while some others the day it settles.

Some good points there Dean ,

Supply and demand and
affordability
Things are affected greatly with even 2% interest rises as you mentioned.
Those that are investing in say 1 or 2 say higher priced properties (while they may be cash positive now)
can be affected greatly in a interest rate hike.
for eg investment property valued at $600000 now so…[Read more]