even with my rental insurance and strata fees, yes it is still positive cashflow.It is in a historical village , I havent even spoke to the council yet I will be once I get some idea's. Boat shed might be a good idea if the council allows it

Why are you only looking at hamilton hill and hilton ( both very dodgy areas)Have you looked at spearwood. Some of spearwood (behind pheonix shops) is R60. Also in less than 2 years alot of the blocks in spearwood will be zoned R30. There are quite a few old houses on 900sq+ blocks there.Just my 2 cents.

Thanks for the excellent advice I will keep you informed

???????is there a standard lease aggreement I can get for a commercial property, or do I have to pay to get one done up. I was hoping that maybe someone here could send me a copy of one of their own commerical leasing agreements (minus personal details).Steve are you ever browsing these forums or are u spending more time trying to sell tickets to…[Read more]

OK I have now found a tenent ( a patio company) who are going to lease the store for $750 per month plus outgoings. I still have 6-7 weeks before settlement!!!!!!!!!!.Is there a standard lease aggreement I can get for a commercial property, or do I have to pay to get one done up. I was hoping that maybe someone here could send me a copy of one of…[Read more]

Have you thought of pre selling the townhouses at todays prices, throwing in a white goods package for people who pay a depoisit now and the rest on completion. If you pre sell enough town houses then getting a loan shouldnt be a problem

Getting finace should be the least of your troubles. If you were serious about property you would have the finance. Speak to several brokers, banks and smaller lenders. Preferrably a broker. How much is the deal worth? Is a bribe or something like that in order to sweaten the deal for he broker?

The best advice you can ever get is to wait till the end of the year or even longer if you want (middle of next year) there is already another interest rate rise coming and things in perth are getting very bad ( Properties advertised at $100k less than what they were valued and then not getting any offers at all) I saw one in Coogee that was…[Read more]

The best advice you can ever get is to wait till the end of the year or even longer if you want (middle of next year) there is already another interest rate rise coming and things in perth are getting very bad ( Properties advertised at $100k less than what they were valued and then not getting any offers at all) I saw one in Coogee that was…[Read more]

Im not sure I didn't find out how long it had been vacant for, but I spoke to the store owner across from the one being leased and she told me that they could of leased it 8 times by now but apparantly the real estate never awnsers phones or returns calls.ANYWAY!!!   I went out there this morning (friday) and offered $70,000 with a 3 month s…[Read more]

Sorry I should of added the shop is about 40 years old and the stata fees are $106 per month

also if you are interested in investing in new zealand I may be interested in travelling there with a fellow investor for the sole purpose of looking at / purchasing properties.

just let me know.
Ive never been to organized property meeting before..should be interesting.

this is my plan
i have about 450k after i sell my house. I have a bussiness loan for $240k which is seperate………….
I want to invest my 450k into property returning 7.5% thus i can make the property cashflow positive by putting down a 25% deposit for each one. So i should be able to purchase 1.8 million of property without having to make a…[Read more]

we live in Atwell. I would also be interested in meeting up to discuss property investing although i am 100% against investing in perth at the moment.

simple: thanks for your inout but your plan does not enable you to buy all the properties at one time. Why wouldnt i purchase all properties at one time when it is costing me nothing?… If i am wrong please let me know

simple: thanks for your inout but your plan does not enable you to buy all the properties at one time. Why wouldnt i purchase all properties at one time when it is costing me nothing?… If i am wrong please let me know

ive thought of commerical aswel. But the problem is if you have only one tennent.. eg a hardware store and the tenant leaves.
Would you recommend several small offices? or a large store like big w or something

why keep the place i have it is a discusting investment that if rented would return about 2%.If i kept my place then i would have to make extra payments, the way my plan works i shouldnt have to make any payments at all ( although i will have to rent a house here in perth ~$300 p/week). Thank you very much for your advice but i beleive selling my…[Read more]

getting loans for all of that is the easiest part aslong as the lender doent mind the propety being in new zealand. If you have a good broker borrowing money is never a problem. I got my girlfriend ( now my wife) a loan of about 200,000 to build a house and she didnt even have a job.