i agree with cjr, what r u looking for?
Are you looking for capital growth or rental yeild?
Personally i would be looking for a good balanced IP, with a good return and a good capital growth oppertunity.
ok thanks a lot guys, i will deffinately pass on the idea of “house swpping” by Mini. i have a feeling that my friend won’t go for it though…
not as i said he does have two kids at a crucial point in their studies, and probably wouldn’t be able to cope with the change of houses.
I was wondering about the idea of neutral geared properties, I know that SIS has talked about it and if someone could pls explain how it would be benificial!
to *PG*
you are right I am 15!
but the truth is that the mail that i posted wasn’t actually for me. It was for a frend of the family who was asking me this question, and i posted it on as i was takin bout me!!!
i didn’t think it was that bigga deal, so i’m sorry
hi
if i were to buy this property, i would renovate the place a bit and make it look more like a community hall rather than a church!
I would then probably try to put it up for rent as a commercial property for small businesses. This is depending on the industries in that town, the population the locality of the church and many other factors.
You could also just try and rent it out ona daily basis for local functions. There’s more mone in that, but more risk-that will anyone usi it or not?
what a great opertunity!
I would jump right in!
you have all the figures u need and even with no money down, you’re gaining a +’ve return!
I feel that you should take the 105% loan, renovate and put it on the market with a PM and let it appreciate in value!
Sell it in 7-10 years and enjoy the CG left after CGT!
That’s what i’d do!
But u have to also take into consideration the manainance costs and repairs for the property! What’s the population of the town and r there many ppl in the town that are renting?
You should find out the appreciation rates of that townt 2.
ok guys, thanks for your replies!
I realize that the question that i asked was really hard, and actually the whole poing of this site!
So i just wanted to ask, what can a 15 year old do to learn more about real estate?
I have no money and no properties, but i am saving as much as i can ($1400)and investing it in ING at 5%p.a. What do you think about this?
true, but i would just like to know what stratey works for what people?
So if you think that if you have a good strategy i would really like to know if it’s not too much problem for you.
ok,
i am new to this site just like you, so welcome!
Anyway, i’d like to say that if you go realtor.property.com.au, you can subscribe to something called RPData, most realestate agents have this access. this info. basically shows all the sales records for every property that has been sold! It is great for working out the potential appreciation and the value of the property.
ok, if the whole block was ur ppr and u devide it, u have to pay cgt on the block ur selling. this can be avoided if u decide to sell the existing ppr within 6months bfore selling the 2nd block. this is a little vague, and for more info, e-mail me and i’ll send u a copy of the whole clause!
[][][]OOOOHHHH…
i can not begin to thank you guys enough!!!! All of you have been the greatest help!
thankyou soo much,it’ll take me a while to get through and find these books let alone read them, but i will definately do it!
thanks
Karan[][][]
Hi,
i was just wondering about the relationship of the annual rental yeild and the property prices. I have been told that when property prices are low, so too are the rental prices due to ppl wanting to buy at cheap costs; and when property prices are high, the rental will be high too due to lack of ppl wanting to invest in the PPOR.
Can anyone pls shed some light on this subject?