Now I’ve got your attention !
My question to others on your forum goes something like this-
WHAT is holding you back from buying an Investment property over the next two weeks or Month?
I Realise the answers will be many and varied, ranging from things such as;
I can’t afford to
I’ve hit the serviceability wall
It’s too expensive
We don’t know where to buy
Unsure of Interest Rates
Haven’t thought about it, we’re just looking at the moment
We don’t know how much we can afford
What I was wondering is that there must be many reasons why you are not buying a property at the moment, yet there is a wealth of information on this site and a great deal of expertise here that could most likely assist you or point you in the right direction.
Hence, the post WHATS YOUR PROBLEM !!
I would be interested to see the various reasons as to why you are not buying a property in the next 2-4 weeks and the resulting comments from valued forum members, maybe we can all assist each other and look at problems from various angles?
Feel free to post, its always interesting looking at he numbers of who has posted as opposed to who has read the post and is to ‘shy’ to post, we can all assist each other here
Wasp
**************************************************Its not what you earn but what you do with what you earn
I think I can summaries the problem in one word…”money”…or the lack of it. or the fact that it’s not infinite! [biggrin]
There are much better investment options out there at the moment.
NOTHING!!!!!!!
give me more properties!
anyone selling?
We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
[email protected]
phone 0412 437 582Selling plenty, never thought we are short of good properties.
Roy H.
L.R.E.A., Dip FS (FP)Guardian Property Specialists (GPS) is a research-focused company that specialises in sourcing and providing residential investment properties Australia wide!
hi WASP
sorry but I don’t under stand the question.
may be its me thats silly.
but I am buying within the next two weeks and have just exchanged on a contract yesterday.
I have two contracts currently in the post comming to me and have been chasing to see where they are.
so if you wish some one looking at it from a different angle.
mine is why would you think that nobody is buying.
in any market there are buyers you must check and make sure the investment is correct and if it is then invest.
a developer must develop and a investor must in vest if your not investing then take the name of your card and call yourself part time fence sitter and try explaining that one at the next party when you tell some one what your job is and hand them a card.
as for better options clones list a couple and structures that are better.
investing is not only in real estate I agree butjust like when I’m building a block of units I don’t start looking at tiles and bathromm fitting first I get the foundation in and set correctly and build from there the same with real estate it is a foundation and from there leverage to other opportunities.
and in this market fish like me swim very well and swim very fast and look for opportunties that would not appear in a normal market.
It is easy to invest in a heating or hot market as you work off well he made money I best get in so I to can make money,in reality that is the worse time to buy the best time is right now when nobody is buying and sorry to say this but I hope nobody buys as it makes my negotiating alot easier I wpuld be really happy if I’m at an auction and I’ve done my calcs and nobody is there.
The doom day guys from an investors point of view help you because if the return is there already and you shave another 1 or 2% off the price and you can do in this market your return is over your already calculated return.
And sorry to be negative but I don’t just look at possy investments I look at neg with high to very high growth.here to help
Still finding my feet. Hoping to finish off some renos on my PPOR and hopefully build some equity to look to invest in the new year. Still not sure where to look next year, ie property or shares, I guess a lot can happen between now and then.
Great question WASP…really get’s people off their toosh…
We are up to our eyeballs and equity has become the limiting factor. Bank was reluctant to lend us any more due to some of our ‘distressed buys’ not having surety of income. Verbal and no leases at all don’t cut the mustard.
We’ve been personally negotiating our little sox off (would never palm this off to a PM) and have agreed two very large 4×2 leases, both with national tenants. Expect that the ink should be dry on those industrial leases on Monday.
Given that, we’ll be approaching the Bank on the Friday when I’m back in the country to purchase the large developed industrial block next door to our others, as well as lock in the lower rate for a 4 yr fixed loan, matching the lease term.
Positive cashflow, 3 acre landbanking situation 4km from the Perth CBD….bring it on.
So, looks like we just scrape in under the 2 week hurdle you set.
Cheers,
Darryl Moore
“No point having a cake if you can’t eat it.”
Currently refinancing our PPOR in the hope that we get more equity with which to invest.
Also, still haven’t taken the plunge to buy investment property before.
Would if we could. The Bank won’t give us any more doe.
Shelley D.
WHY
let us know yours or the banks reasoning.
maybe the wizard dazzling or others
may give you a couple of pointershere to help
Thanks Gross Realisation. LVR I guess. The two IP we bought were only purchased in April and May of this year and the Bank just says that we are “up to our limit” for now and have to wait until the properties go up in value!
Well ShelleyD, you will have opened a hornets’ nest with your answer of “up to our limit” .
Just like a “red rag to a bull” to say that to grossrealisation !!! Go get ’em gross.
Cheers LenGreat question..
We Settled Today on an IP [biggrin]after problems with the banks and resending documents to and fro..
On the way to pick up the keys in 1 hour [thumbsupanim]
Have some problems to look at and I’ll post a question for assistance here on the forum; sorting that out will raise the rent and ca$hflow..
We’ll then take stock of our situation and then make our next move
LOVE DrX’s Response..
ShelleyD..I’m sure the Mortgage Brokers here can assist if you post some details, there are a ton of loan products out there for various situations..(I take it that was the point of WASPS post..lets solve the problems?)
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorCamder,
May I ask what you are talking about?
Congratulations Redwing on your success today.
I guess the reason we’re not buying in the next few weeks isn’t so much a problem that can’t be resolved but rather sticking to our goal.
Next week we are going to Qld to plan a cosmetic reno on a place we bought 13 months ago which is needed to move it from 1970’s to 2005! The extra equity from that (not to mention rent increase!), in conjunction with the valuation after completion in January of a house currently under construction in Cairns, should give us enough equity in addition to our current equity to enter into a development deal, either as a JV or on our own.
This will be our 11th purchase/deal in 2.5 yrs. We plan to try this as a way of working towards replacing our wages, instead of relying on the buy and hold and working for another 20 yrs!
Wake
The reason I’m not buying at the moment is because I’m solidifying my financial position and I beleive that better buying is down the track a little. What I mean is that what I want to buy now for say $200k, I sincerely believe I can pick up for say around $170-180k within the next 12 months. And probably even cheaper within the next 2 years.
I firmly believe that petrol prices, the latest stockmarket hiccup and other factors are turning market sentiment after ages of sideways movement. I really believe that confidence is already starting to slide in relation to property and the strain of many home owners and investors is starting to weigh heavily on finances and quality of life. I could keep going…
Anyway, really good post, should provide many more interesting responses…G7
Not in WA G7
‘
Things are still on the up n up…I think Coogee area acheived about 41% CG in the last 12 months, Champion lakes about 80-90% CG ??REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculatorhi redwing
sorry wheres coogee we have one which is a beach sydney give me a post code and let me have alookhere to help
You must be logged in to reply to this topic. If you don't have an account, you can register here.
