Here's our view on adelaide: http://www.creativerealestatesolutions.com.au/cgi-bin/page.cgi?id=112 And yes, it is the ONLY place we are buying properties in

By exit strategies I mean what would you do if the student accomodation scenario does not work. You need to be able to afford to hold the property on a normal rental yield so you need to know what it's market rent would be. Or you need to work out your profit target if you need to sell. Exit strategies are different for everyone.

Clauses are great when you have something specific you want to be protected from but never use clauses just in case…Remember that the best deals are obtained with unconditional cash offers! It comes down to knowing the market well enough to assess you own risks

Have to admit that it feels good to go shopping look at what we want and not even consider the prices. I don't cook or clean at home that's all taken care of (I hated it anyway!) and have kids in top private schools. I can't stand TV and don't have one of any sort in our house, money aside I don't think the trashy media deservs my time. Cars don't…[Read more]

Yes, over 20 times now! Be careful though, I have seen rents imporove by $300 per week profit and I have seen them decline due to increased vacancies. Remember that renting by the room is a "tool" to be used in the right circumstances and just like you can't use a hammer for every job, it cannot improve rental yields on every property. The…[Read more]

You can do that with commercial because there are no government authorities telling you what to do and everything can be negotiated between tenant and landlord and their solicitors. Unfortunately with residential leases, there is something called the tenancy tribunal which writes all the laws and takes the flexibility and creativity out of…[Read more]

Correct!

How are you incurring bank charges and accounting fees if you are not using it? Do you have properties purchased by the trust? I personally wouldn't have it any other way and see the costs as small relative to the benefits!

Thanks for that Some great stuff there!!!I don't know if I will be reading the book on mum/dad real estate investing techniques written by an American real estate agent though, sounds like a try-hard attempt by an agent to describe what investing is all about

sometimes there is a need to hold properties in high growth areas for capital appreciation benefits. These properties tend to be negatively geared and can be balanced with positive gearing from other properties in your portfolio. Now to WANT to make your property negatively geared???? That's like asking when would you WANT to delibrately lose…[Read more]

I got a REA license in October last year and my business partner and I started our own company. No franchises and no learning from sharks that only know one selling strategy. Being Dishonest! We are now listing both sale and rental properties faster than the name brand agencies and big franchises. We have never lowered ourselves to cold calling,…[Read more]

Whether he is a shonk or godsent depends on your attitude. $4000 spent could mean that you are set for life or it could mean that you just wasted $4000. I don't agree with the above comment that this forum delivers free information, there are many posts answered by people with no knowledge or experience in the area giving "free" advice that is…[Read more]

What about a rent to own? They can lock in the capital growth while saving a deposit towards the property. They have a paper trail of regular payments towards the purchaseLooked at more favourably by lending institutions and they get to live and rent the house they will eventually buy. That means that any improvements made on the house belongs to…[Read more]

Doing it yourself is going to give you the best profits and results. Knowledge in property development is not innate, no one was born with it, it is all learned but you need to put in the time and effort. This thread or this website is NOT going to give you the answers you need to know to get started. If it was that easy everyone would be doing…[Read more]

It's just a fancy (or complicated) way to say "10% gross rental yield"It made a good story at the time but 10% yields in todays market are generated by creative strategies not purchased from newspapers!

7-10% of gross rental is reasonable but you need to consider other costs:some charge for showing tenants through propertiessome charge a "letting fee" for renewing the lease for the same tenantsome charge a "letting fee" for taking on a property with an existing tenant although they had nothing to do with the letting! some charge for drawing up…[Read more]

The value is in the land. I would definately be looking at free standing houses, they appreciate more in value (on average) and you can do more with them.

Hi George, Sounds like you are in a great position to purchase. If you contact me xenia@adprop.com.au I can recommend a few mortgage brokers in Adelaide that we use. I would try the Northern suburbs to stay within your price range. West suburbs are already way abouve $300,000.

I wouldn't touch them personally. The only new houses we have in our portfolio are the ones we have developed ourselves. New houses don't offer any "value add" benefits, there is nothing you can do to improve the valuation straight away. You cannot develop, subdivide, renovate or do anything else to add value. Ever wonder why people selling new…[Read more]

In SA the course takes 4 days and there are no license requirements. Becoming a mortgage broker is not the be all and end all. The real question is how easy is it to build a successful business out of mortgage broking? What contacts do you have? What unique or creative ideas can you bring to the table? The best mortgage brokers I have come across…[Read more]