Recent content by MaxRobbins

Hi All, I have a large property I have been trying to sell and have just received an offer at a price I am happy to sell at however they have requested a one year option to buy. I have only just received the e-mail offer from the real estate agent today, but have no understanding of the...

Hi All, Just curious to know how much or what percentage fellow investors allow for repairs and on going maintenance when budgeting to buy. I have just exchanged on a 50 year old house on 600sqm in Western Sydney for $500K. I knew going into the purchase that it would obviously need some...

Hi All, Already getting frustrated trying to get a house in Western Sydney for under $500K so looking at units with high a high land to asset ratio closer into the CBD. Being new to this I just wanted to know if any investors out there had a rule of thumb as to what constitutes a good land...

As per my last post. Calcs are based on 100% finance, so no deposit fudging here lol. I'd disagree re depreciation though as this can make a huge difference to the after tax position of the property. Particularly if you renovate or add a GF. Sure it gets added back at CGT time, but thats only if...

Personally I'm going to use a buyers agent to remove emotion and just let them put the numbers down for me to run past my accountant.

Well I guess this depends on a couple of things like the amount of deposit and depreciation. Im basing my numbers off the purchase price though as if 100% financed as this gives a full picture. With interest rates being in the mid 4's cashflow neutral is definitely possible, I just hope once the...

Thanks everyone, So fairly mixed views on Western Sydney then lol. I'd really like something close to cash flow neutral and ideally with opportunity to develop further down the track and without going into country NSW, Western Sydney (particularly South West) seems to represent the best...

Hi All, Im sure I'm not the only one, but really interested in buying a house in Western Sydney whist I can still get something for around $500K. Is this realistic, or have I missed the boat already. The market seems very fast that way. Still very new to this so thinking of engaging a...

Wow thank you, that was amazingly helpful, and has given me a lot of clarity. Seems low doc is generally a complete pain in the rear end, and puts me at a disadvantage on a few levels so maybe I just wait until the end of the financial year, and instead of reinvesting profits straight back...

Hi there, Just wondering if someone here can point me in the right direction, or at least on to the path of minimal resistance. Im a small business owner however have only be trading for 18 months or so. I've got about $200K in the bank in cash and looking to buy some high yielding...