we all here to help and learn :)

Some people like to live their own home where there is an emotional value in it.

Some people happy just to rent and buy an investment property.

At the lending and servicing calculation point of view, in general, renting gives more borrowing power than buying your own home to live in.

It is exciting to know you are launch No Deposit Housing Pty Ltd.

I got a few inquires in no deposit with good income in the last a few months.

Looking forward to hear more about it

Cheers :)

If it is long time ago, say 5+ years ago, then you still have good chance to get the lending from the major lender(s), providing you have been paying all the creditor(s) on time …etc.

Just like Jamie mentioned above, it’s all come down to what’s on your credit file.

I often found some people paying too much for the old and tired property in comparison with existing recently renovated property.

Sometimes, people over estimated their ability to renovate but under estimate the existing renovated property value.

Once both of you agrees on thing(s) put down in writing, then use it as a draft to form a formal legal agreement by a solicitor.

Make sure your contract is done by a solicitor who has experience in vendor finance.

It’s painful to watch the negative cash flow draining your hard earning money….

I sold a negative cash flow property before. But it was in Sydney suburb area. I sold it at low price and now look back I should have keep it for a few more years then I will be laughing now.

However, having said that, Gladstone is totally different…[Read more]

A basic understand all the professional regardless, agents, brokers, accountants, builders….. we all need to respect people’s time and effect.

Connect with right people, people with passion on what they offering.
Clearly time waster or people just want to cut other people’s deal is not really…[Read more]

Sorry to say, I think you took the depreciation and capital works incorrectly.

Let’s put all the tax, depreciation and capital work aside.

Just look at the simply figures rental income, interest and loan amount for now
say interest rate is @ 5% for all 4 properties.

Given that you said from the first post.
P1) Rent 350 * 52 = 18,200…[Read more]

Sound like I need to focus on getting it, rather than finding the way to get around it.

Ask your broker what is the fee charge for ?

How complex is your financial situation ?
All I know is if you are dealing with investment banking area of finance, you are expecting to pay consultation fee. ( I am talking about big time investors, high net worth investors)
however, this is not normal for…[Read more]

Put it simply, positive cashflow is a concept which mean more money coming in than the money going out.
Tax (depreciation and capital works) is just paper lost which can help cashflow be more positive.

From the above number, say without counting property 4(PPOR), you are about -1,877pa or -36.10pw. After depreciation and capital works,…[Read more]

Just out of my curiosity, currently, I am working in the financial service industry (fund management) and with finance degree. Do you guys think I can get an exemption from doing the certificate or diploma course to get the MFAA or FBAA ?

Assuming the interest rate for your properties are around 4.6% – 4.8%, Your portfolio should be cashflow positive or at least neutral.

Just wondering when you said selling property to paying off “bad debt”, what do you mean by “bad debt” ? and what sort of interest rate are you paying for the “bad debt” ? also how much do you owe for…[Read more]

I have been thinking becoming a broker for a long time, and finally this I enrolled myself Certificate 4.

Just wondering what is different between MFAA and FBAA ? ( all I know is MFAA needs diploma and FBAA just required Certificate 4) ?

What about the aggregator ? Does most of the aggregator require to brokers to have MFAA or FBAA ?…[Read more]

Nothing wrong, a broker set up for me.

Thank you for sharing :)

Due to my current financial situation, I can’t buy it right now.

The deal is in Sydney, anyone ?? help??

I read a lot, talk to people in the industry a lot, listen to all the good, bad and ugly about so called “mentor”, “coach”, “expert”. I learnt a lot over the years.

There is no right or wrong way to invest in property.
A lot of time, I found it’s just “common sense”, not the “rocket science”.
Just get on realestate.com find a property…[Read more]

In terms of the process, how to purchase a property up in QLD ?

Sorry, it sounds like a silly question….

In NSW, a buyer can request a contract from an agent ( seller or seller’s representative) prior or at the open home inspection.
In the contract, a buyer can see what the restriction or potential development for the property.
A…[Read more]

I am looking into a duplex site. There is a bus stop in front of this site.
The site is a corner block.

Just wondering if there is anyone can let me know if this bus stop will affect my planning and building permit (DA process)?

what is the cost do I have to expect ?

Thank you in advance

Maybe give us an example what you want to buy or may want to buy, then we can help you figure out what to look out for.

As Jamie said the question is too broad, it’s hard to answer it…….><

This sparks another interest questions.

What’s the difference between residential lending and commercial lending ?
How does a bank classify the a kind of lending is belong to commercial or residential ?

Say for example, if I purchase a 5 bedroom house…[Read more]

What I did was, call the agent everyday ( serious ) and email them everyday. give them a deadline.
Also tell them before this deadline if they don’t pass on all the rent to you. you will report to the Fair Trading office.

Must…[Read more]

If you can, go down to the area, walk on the streets, talk to the people on the street you will find out a lot more things on the ground !

When I research an area, I like to talk to some local real estate agents, attending some auctions, talk to people at the auction see what they…[Read more]

I thought I just share something with everyone here.
A couple of months ago, I had a chat with a friend of mine who works as a lending manager in one of the lending institutions (not big 4 bank). I always fascinated on how big development and business loan works.

He told me the bank is happy to…[Read more]

Honestly, I prefer the camera and video you are doing right now !!

Too many agents and marketers focus on pretty video and camera, they forgot about a real deal is the property&number itself !

Focus on deals, don’t worry about the expensive camera.

Rock on ! young man !

Off plan is a good way to make money, ONLY if you know in and out of the development process & finance behind the scene.
Most people DO NOT know all the in and out about the development…[Read more]

Does a granny flat have to be at back of the main house ?

What the main house has a very long setback, can a granny flat be build at front ?

Any one have experience putting a granny flat at front of the main house ??

Thank you

However, if you have a superior knowledge or even a crystal ball in finding captial growth, then it might be a different story.

I maybe wrong

I also received an email regarding to this investment grant.