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

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

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.

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 passers by or via surrounding offices .
you can get 9 to 11 % net through these options

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 completely self contained and i know other investment groups who build them and instead of installing laundry- install just a washing machine in kitchen.

In ipswitch they had changed it that you could only have a 1 bedder flat (size)
but could now rent them seperately ( non related parties)
(they were first in brisbane/qld to allow this apparently.

Best thing is chat to a company who is building them and get some real knowledge on it .builders are given good power in qld as they work with certifiers together to get things approved

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 (costing say $30k in interest (at 5%)plus $5K in expenses
will become $42K interest costs (at 7%)plus $5K expenses so costing $47K instead of $35K!
Multiply that by 2 or 3 properties and you get some pressure.

Hi Paul,
Mate many commenctators are speaking positively about the Gold Coats for the next few years .If you have a few around there already I would look at trying to hold(depending on areas and yr cashflow etc -position)
on until at least 6 months prior to the com games.The market should see a spike !!

Hey Guys !

HSBC wont give you a loan so a credit ratings a bit of a waste IMO.
I got a credit card with them though quite easily which apparently helps later on with them .
HSBC are also pretty poor service wise.(net banking)

Bank of America are pretty good especially to deal with from OZ(well as easy as possible- being a foreigner in another country)

Oz forex are awesome and usually the best rates!

In regards to an address for llc and bank accounts .You can use yr accountants or even yr investment properties if you prefer.
I then just added the aussie address's as the postal address for both LLC and bank accounts which worked fine for bank but i ended up chaging to my accountants addres for LLC

Hey Morgstar !

I have done it heaps of times .I used a couple of different accountants in different states.
If you only need a federal return done you can use someone from anywhere in the USA.
But i am assuming you have a LLC too so best to get a local accountant(in the state yr LLC was set up/registered) to do the whole lot while they are doing yr franchise tax return etc !
PM me if you only want federals done and ill give you a GUN accountant that i have built years of trust with !

Hey eiliatan,

I would say if you have the discipline to use the money for investing purposes only,
change to interest only loan.
Unfortunately in the real world many people cant hold back from spending the extra money.
For this reason sometimes it is wise for people to pay down their loans with some of the money
 aswell as saving some too in an offset acct  for further investments.
Everybody is dfferent but its not always the wisest "business/financial"  decision that is the best way to go.
food for thought !