Recent content by Cashflow

Keep in mind supply and demand with both rental and sale price. If there are a lot of units in need of a tenant then there will be competition in regards to the rent being paid (could lead to rent reductions and lower screening (which may lead to a more undesirable tenant) to secure a tenant...

I purchased properties in both Newtown and Enmore back in the day when there was both goths and ferals in the area. Things have certainly changed these days. Newtown north will attract higher purchase prices and higher rents. Newtown south will have cheaper prices and rents. Some streets...

Marian Street is in a good part of Enmore close to the theatre. Newtown North is more desirable (to some) but will be more expensive to purchase but may return higher rents. Have owned properties in both Enmore and Newtown south and did well with both capital growth and rent returns...

The builder may have entered into an open agreement with the REA. This way he can sell the units himself (as long as not introduced by the agent) or through the REA (paying him a commission for his effort). To ensure this $10K is legit I suggest you employ the services of an accredited...

Mixing with like minded investors is the best way to go. Be like a sponge and absorb much as possible, but don't forget to take the plunge and get started. Why not research a few properties and come onto the forum and ask advice on price, rental, location etc. Always ensure you get an...

Apart from carrying out your final inspection - while you're there take photos of everything (and have the date on the photo). This can be kept on file with your ingoing inspection report (to verify the condition of the property). If you intend to carry out repairs/tidy up take the photos once...

Highly recommend Stephen Koelewyn from Australian Pre-Purchase Inspections. Gives an extremely thorough building and pest report. He is also an expert on terminates. Have used him for several purchases over the years and have always been happy with his service. Peter...

I've invested in NSW and have had to have insurance in place just prior to settlement. Proof of insurance is sent to the financier before settlement takes place. Peter www.cashflowcalculators.com.au www.privaterealestate.net.au

If looking to sell - I'd recommend finding a tenant first - this way you will be able to sell it for more as there will be immediate cash flow to the new owner as well as a lease in place. Is there any way you could take this opportunity to freshen the property up and also add on top? A...

Is there any way you can make the finance work? If the problem is a larger deposit why not look for a partner? If you can carry out cosmetic work and have it tenanted with a view to developing further down the track it could work out to be very profitable! Is there room for any other...

I agree with find a tenant and then build - it's a great way to invest. But if you're not ready to put the additional work in why not buy an existing commercial property with a tenant in it? Check out the following: Yield return Who pays for the outgoings? Directors guarantees in case...

I agree the yield is low. You can pick up commercial properties returning 9-10% with long leases that have additional options. Be aware of commercial buildings that are purpose built (ie fast food outlets, pre-schools, bowling alleys). These limit your tenant pool for new tenants and are...

Congratulations! Is there any chance you could create a website for us to follow giving indepth information and photos of your construction/tenancy journey? Would love to monitor your progress and final outcome. Haven't ventured this far myself but would certainly like to learn about it...

Why not keep the bond (in case there is damage that needs to be repaired) and submit an invoice for the outstanding rent? If he hasn't paid the rent then there is a strong chance he wont pay for the repairs either. Cover any possible scenario with your solicitor and safeguard yourself as...

Your public insurance will be huge so a good idea to get in quotes. Remember you will have to restore the premises to the way it was before the fit out (unless stated in the lease). Also check whether you have to pay for the upkeep of airconditioning units - you may have to carry out (and...