Ausprop, Yes I agree, true wealth is created in capital growth, but you need a means to fund the shortfall while waiting for appreciation. If you don’t have a job (which I don’t) you need to either buy or create positive cashflow!
By the way, great website!
C@34, sorry to hear about your mum
where did your parents come from? Your story of…[Read more]
I started by default, my dad was a negative-gearing property investor, he bought one house every 2 to 3 years, then bought commercial properties and finally businesses. He maintained his job to service the shortfalls and when some of the very first ones were paid off, he retired at 50. With a lot of money!
I dont know anything about inv detective, dont use it! But generally, tenants dont increase the value of residential property, unless it is specifically targeted to investors!
I would check comps in the area!
We buy properties in Adelaide. Immediate Cash Settlements, No Agent…[Read more]
What are your level of experiences in the areas you are borrowing money to do?
For the business, you need a business plan, a marketing plan and an exit strategy and also, at least ONE person on the team that is EXPERIENCED
in starting up businesses. I don’t mean having experience in the thing you are trying to sell, but…[Read more]
Roads do not deter me at all, as long as the numbers stack up and the house is OK, who cares about the road? You’ll always find a tenant if you market well and you are a good landlord.
We have found that houses on busy roads sometimes come with deeper discounts, which means that profits are greater!
super is for people that don’t know where to invest their money! It’s a passive investment!
Being an active investor means you can make more money quicker!
Whether you want to be active or passive is your choice! I prefer to be active, I don’t have a single cent in super, but at the same time, my money is working hard for me!
I’ve made alot of money on negative geared properties in the past because there just “happened” to be a boom. Would only buy negative geared now, if I had enough positive cashflow available to cover the shortfall!
you can use your nominee clause to nominate the builder as the final purchaser for an assignment fee.
Do you have a conveyancor? Need to ask them of the stamp duty implications, I dont know victorian rules! also be careful with the agent, does he want a commission from you for finding the buyer?
We buy properties in Adelaide. Immediate Cash…[Read more]
you’d probably find that once you come back with, “certainly, I’d be happy to put in an air cond, but to cover my costs, the rent would have to go up by $10 per week” she might say that she dosent want it!
Since everything has to do with her baby, ask if the baby is worth an extra $10 per week!
We buy properties in Adelaide. Immediate Cash…[Read more]