Recent content by Novice100

good points - btw I like the look of your web site, I've bookmarked it for later in-depth review

whats wrong with cross collateralising loans?

thanks for your helpful and specific advice and the broker recommendations which I'll look into. I've spent much more time on this thread than i ever intended but won't be able to trawl through long threads to extract the nuggets of wisdom for long. Other responses have been helpful to...

just to clarify, I was using $6m as an example figure for strategic understanding and was not implying that is my own budget as I'd avoid posting such personally specific info on a public forum

Destiny meeting - what to look out for? Ive scheduled an initial meeting with someone from a Margaret Lomas Destiny franchise - I've read online reviews which are variable although mostly seem favorable and understand that a lot will have to do with the individual franchisee that I get any...

I would be up for doing as you suggest but for each specified step I'd need to 1. find a good broker - (one reason I posted here) - and understand why I need one as I don't really understand what brokers do and why I need one 2. choose an appropriate area and determine an appropriate price -...

so do you think its not feasible or practical to profit from property long term in the way I'm looking at by outsourcing most of the work? My gut feeling (without extensive number crunching and without knowing the professional fees involved in detail) is that it would still be possible just...

Thanks - I'll get in contact with Terry_w and others recommended when ready

thanks for thise links - I'll investigate. I'm heavily invested in non-property shares/unit trusts/index funds anyway but have always had a slightly negative view of property trusts but not sure why - maybe I will reevaluate this I think I alike the idea of getting a higher level of return from...

I've not really considered commercial as no experience of it but will look into it now. Any recommendations on areas in Sydney and how to find a good commercial property? My main concern is the risk of long-term vacancy although i have no idea how often that would happen in metropolitan Sydney...

I'm time poor and relatively unknowledgeable about property but not stupid or gullible and feel confident enough in being able to filter out the disreputable providers, although who knows maybe I will end up being taken for a ride

I don't mind others making a profit margin and am happy paying a fair rate for professional services but don't like that particular company because of the conflicts involved. If there was a similar company who provided unbiased recommendations to buy properties without receiving commissions from...

I hadn't considered this but I love the sound of it as it sounds like a very easy and low maintenance strategy. The question is whether it would reliably work - have you any experience of this strategy or can you point me to any resources that analyse it? I would've assumed that buying a bunch...

I'd like to do that if I could find someone I trusted to venture with - any recommendations for a good property group like the one you suggest in Sydney?

any suggestions re a good broker/buyers agent or where to find one?