Forum Replies Created
Dear Gizzy,
My Name is Hari Yellina. I have been to their seminars few times. Didn't join the course or buy any properties from them. Any real estate seminar is good to attend. I been in this country for 13 years. In the starting i used to blow away money with half knowledge. Went to few seminars and regularly attended them. I have acquired quite a knowledge.
In seminar they would like to give you lot of information and guiding tips. Very useful for a starters and we are busy people to read the trends in the market every day. All the seminars give you great insight on what is going on in current market.
Being part of a group keep you motivated and keep you informed. Once you acquire the knowledge if you have time you can join any group you like.
Go with a positive mind. This seminars will benefit you. It is better than watching a TV show. It gives you a feeling, you want to achieve in life. Lot of them have benefited by seminars and lot of even bought property and become millionaires.
My principle is to buy existing properties close to train stations and it worked for me and happy to say, my portfolio has been in double digits now. By the way, I don't sell houses or belong to any group.
Please post your message if you need more information.
Good luck
Hari Yellina
Property Investor.
Unbaised research..
Hari Yellina
Email MeKeep Investing - Grow while Resting.
This Bitcoin is same as the Tulip share trading.
Please type When the Tulip Bubble Burst in google to see, the similar patterns it is following.
Hari Yellina
Property Investor.
Hari Yellina
Email MeKeep Investing - Grow while Resting.
My name is Hari Yellina and a property Investor around Australia and Asia.
I have been asked a question about mortgage brokers, They need to own properties before giving an advice.
My answer.
- Mortgage broker is like any service industry agent, We cannot expect him to buy houses, before he can advise you about loans.
- Doctors don't need to own hospitals to service you.
- President of a country doesn't need to be a Billionaire or Military officer to run the country
- Lot of start ups are started by young people. like facebook and google.
The point I am trying to make is, every one here is to make money. All you need to know is if he is getting you the best deal from the market. If he is honest with you. Does he have proper knowledge about the industry. How organized he/she is.
Some brokers dont make lot of money because they are very honest with their clients. Choose wisely.
Hari Yellina
Property Investor.
Hari Yellina
Email MeKeep Investing - Grow while Resting.
Dear Tiger Miger,
If your mum's money is sitting in your account. It will definitely decrease the interest. following are the few recommendations.
- Make sure you have a written agreement. Stating that the money belongs to her.
- Please update your will with her, entitling the money if some thing goes wrong.
In my perspective you are doing a right thing by buying the house from your partner. You are saving him lot of cost. Hope he realizes that.
Good luck.
Hari Yellina
Hari Yellina
Email MeKeep Investing - Grow while Resting.
Barry,
My name is Hari Yellina and invested in lot of properties in Australia. Best advice for the apartments is.
- Close to city
- 2 bedrooms
- 2 bathrooms
- 1 car space.
This properties are always tenanted and will get more rental return.
Why?
- People do like to have their own car
- If 2 people want to share house, they need a separate bathroom. Especially woman are very particular about their bathroom. So, having 2 bathrooms is easy rentable.
- 2 bedrooms. Nowadays, people like to live in 2 bedrooms.
Thank you and please do post, if you need more clarifications. Hari Yellina is keen property investor and Exports fruits to the world.
Hari Yellina
Email MeKeep Investing - Grow while Resting.
Dear Tigermiger,
I have a friend who has gone through the same process.
How to approach.
- Get an independent valuer.
- Goto comm bank and ask for Valuation and they have a free valuation for their customers who are looking to purchase a new property.
- Get appraisal letters from real estate. Tell them you are look for selling house for market price. and they have to give you a fair valuation.
- Buy a price guide from Home price guide. This will give you exact picture of what price the properties are sold in you area and street. This is the same price guide used by agents.
Now you can approach you partner and tell him or her, you are willing to sell this to him or you would like to buy it. You will need to spend atleast $500.00 to make sure you are buying at a right price and the other half is receiving the fair share. You will have explain him. or email him the pros and cons.
Advantages
- Get at the same market price
- No real estate commission. (now you can share the commission) this is more attractive scenario.
- No stamp duty while getting it transferred on your name.
- No time spent in looking for buying a new house.
Once you have agreed on price and who is buying it. Please approach your bank and they will transfer it on your name and he will have nothing to do with the house.
Please do post again if you have any more questions.
Hari Yellina is keen property Investor and researcher.
Hari Yellina
Email MeKeep Investing - Grow while Resting.
Dear MJP,
Financial adviser survive on selling you on some products, they will not advise you to buy anything they dont get commision on.
How will they make you money. Commision works this way.
If you are 30+. they charge .65% to 1% (still got 40 years to make you broke)
If you are 50% charge them 2% (so they can make you broke in 20 years)Financial advisers make commission on selling a product and percentage fee from you.
Best way to find out know is a good advisor ask them 4 question and watch 3 months and see.
1) What is the suburb which will go 5% – 10% this quater.
2) What commodity will increase by 10% this quater
3) Name one stock in the world which can increase by 10% in this quater.
4) Name a business which will make 10% profit.If he tells you stories about risks involved. He has not got an idea about markets. Done a Diploma for 3 months and selling products for a company.
They themselves are not rich, how can they make you rich. they might drive BMW and wear man to man suits, In the end they are just broke. If not why they need to work in the office.
Best advice, is better believe yourself than them.
Kind Regards,
Hari Yellina.Hari Yellina
Email MeKeep Investing - Grow while Resting.
Hi Energy4Ananrchy,
I can recommend some one name claudio at http://financecorporation.com.au/.
I dont sell real estate or any loans. At the moment, even the lenders approve your loan, you will have to pass the hurdle of LMI. Some lenders even though you take less then 80%, still submit your application to LMI. Recently they are checking credit scores. Which is difficult to get any loans.
This people look at us, with more scrutiny, Single and wealthy and lots of properties. So, I recommend to get a lender who will by pass the LMI and your process will be smother.
1) Pre approval (easy to get through)
2) Bank Approval (after submitting paper work) is ok, if the manager understand and sorts paper work properly.
3) Valuations.
Till there it is ok, if the manager messes one document and submits to step 4
4) LMI approval (which can knocked back).Any bank you call, they say they can get you loan and after few credit checks, they will mess with your credit rating. Make sure you go through some one who can really understan your situation.
Kind regards,
Hari Yellina.Hari Yellina
Email MeKeep Investing - Grow while Resting.
This Was suggested, if u want to retire by next month with only 400000.
If we have time. I got lot of strategies. What you can do with 400k.
Hari Yellina
Email MeKeep Investing - Grow while Resting.
Dear Energy for Anarcy,
I am myself a property investor and few properties under my belt, I would say more than five. So, I do get knocked back by the banks for borrowing more on the properties.
Not that we dont fit the criteria, the average bank employee can understand only few steps. If a couple having 2 salaries buy a first home and after few years trying to get a investment loan, they could help you. Anything more that that wealth the people who are employed by banks cannot understand and do often make mistakes when submitting you application.
If Genworth calculator has given ok for you to borrow X amount and bank comes back and say, you can only borrow y amount. There is something wrong. I would recomend you to goto a broker who is investor himself and he will be better to understand and you will be able borrow more with better rates.
Everytime, I goto a bank, manager there says you can borrow and he pre approves when conditional approval comes, they say cant do it because there is not enough serviceability. And I goto a experinced broker, they will go through each document and make sure we get the approval.
Banks are good, not the people working in it I have come across one bank manager. Recently, I went to bank financial advisor asking how to invest X amount. After 3 hours of paper work. He gave a fixed deposit paper. He himself is poor and average pay, what can they show us.
Hope this post help you
Hari Yellina
Hari Yellina
Email MeKeep Investing - Grow while Resting.
In my post I have mentioned to buy 2 Flats.
Lets Presume some thing close to City ( 6 KMS from the City ) or (20 KM from the city )
Suburbs Footscray ( Eldridge St, Empire St, Cross St, Carmichael St, Barkly St)
Suburb Hoppers Crossing / WerribieYou can find 2 apartments for 400 K. If he is living in one he might not have to pay rent. So, other apartment giving him $250 a week. It is $1100 a month for expenses. Which is quite sufiicient to eat and pay the bills.
Case 2
1) Buy a flat at 200 K and first home owners grant (he can stay rent free)
2) Invest in high yeild shares like Tabcorp (20% yield) , Telstra (12% Yield) or there are few more shares he can invest which can give you 10 – 60 % yield per year. I am writing this with my research, you might say which gives 60% yield. AYT (adelaide managed funds).That way the cash flow is promised every 6 months with less hassles .
Thank you
Hari YellinaHari Yellina
Email MeKeep Investing - Grow while Resting.
I am not sure about your age and what is tour plan. But with 400,000. You can actually retire and be a millionaire in the future.
Case scenario 1
You can buy 2 apartments in Melbourne. As a first home buyer, government will pay most of the stamp duty and some extra money is left to be used for other property stamp duty as well, buy 2 apartments in western suburbs. Live in one of the property and rent the second one and you can survive happily with the other rent.
If the inflation is 3%. You can increase the rent by 5% a year. So, your living expenses are covered. Now the question is, how will I be a millionaire. If you own the both the places for more than 15 – 20 years. Automatically your properties are worth more than millionaire.
This is the best option if you are thinking of retiring and doing what you like in life. Hope this helps.
Regards,
Hari yellinaHari Yellina
Email MeKeep Investing - Grow while Resting.
As Martin told, End of the day, all it matters is are we becoming rich while investing.
Shares take every day of my time to look into it. If we really calculate amount of work required with property, I give my thubs up for property. Buy once and rent it out.
Please do comment on this thoughts guys.
Hari Yellina
Email MeKeep Investing - Grow while Resting.
Dear All,
Sorry I thought it wasnt Melbourne. I am from Melbourne, I will not be sharing anyway. But there is a good event going in September. For 3 days hope you all will enjoy. Its always good have smart people who are in investing to be sharing things.
Guys let me know any good properties around.
Regards,
Hari Yellina.Hari Yellina
Email MeKeep Investing - Grow while Resting.
Heather,
Thats fine. I shall some one for that weekend.
Regards,
Hari YellinaHari Yellina
Email MeKeep Investing - Grow while Resting.
Dear Heather,
please write to on [email protected] if you want to share the accomdation.
Regards,
Hari YellinaHari Yellina
Email MeKeep Investing - Grow while Resting.
Jo,
$100 suits my budget, let me know if the offer is still available.
Regards,
Hari YellinaHari Yellina
Email MeKeep Investing - Grow while Resting.
I dont think there is one yet in Australia. They are importing them , we will get thme soon.
Hari Yellina
Email MeKeep Investing - Grow while Resting.
Even you try to collect the rent or share the bills. Once they have a problem and split, both will be going to court to split the assests. Once you with a lawyer. You will be loosing 15,000 minimum and the house will be half hers.
6 months is all she needs to get from him. The better idea is to get a rented house together and put the contract on the both names and same goes with electricity gas and everything.
Ask him to have a separate bank account where he wil never use to pay the bills for rental property. The account will be there for his salary and for his new house payments.
This way he is atleast protected. Hope nothing goes wrong. 3 years is the time when people start moving away.
I have 4 properties in my name and when my GF moved in with me. I never used the same account and always demanded me and her open a joint account and use the bills from there. It worked when we got seperated. I would advise you to get a good solicitor to give you guys something in writing what you should be doing. Not orally, never stands.
Hari Yellina
Email MeKeep Investing - Grow while Resting.
Elka,
I have given a call to my Lender / Mortagage Broker, He has asked me to get my own Valuation. So, I am going to get new valuation and go and see some good brokers from this website and see how we go from there.
Regards,
Hari YellinaHari Yellina
Email MeKeep Investing - Grow while Resting.
