Rixter, ive seen you mention "satellite CBD' a few times and give examples, however, what does it actually mean?
Do you mean the geographical centere of the city? for example, Parramatta of Sydney?
Would love some clarification on this as im certain your advice is worth taking!
Question about a Vendor offering a 2 years rental guarantee.
All other fundamentals of the deal stack up, however, I?ve never seen this before except on OTP properties. This property isn?t OTP, it was purchased (I assume via an option) by a developer/real-estate agent & is just about to...
I am an equipment finance broker & have done the sums for several of my clients. There are too many variables to get a black & white answer, however if you are using the car for > 50% work purposes i would suggest a standard Chattel Mortgage. They represent about 95% of commercial motor vehicle...
I have been doing an analysis on a Sydney property & have the following scenario racking my brain:
I have found a property off-the-market with the following attributes:
? 1 bed, 1 bath, 1 car
? 58sq/m plus car space
? Approx. 5kms from CBD
? Walking distance to train station &...
OK thanks. Would i be right in assuming the way to calculate the tax savings in total (if they borrowed 50/50) would be to simply do the following:'
Using a negative gearing cashflow calculator just exactly halve every input. e.g. half the purchase price of unit, half the interest expense, half...
Hey Guys,
My dad wants to help my sister get into the property market. Just seeing wether this scenario would work...
Assume my dad has approval for 105% purchase (using equity in PPOR for security).
Can he purchase a unit with my sister 50/50 (i.e. so both names on the mortgage and...
Hey guys,
Looking for a decent and honest plumber to go in an check out the leak in my unit located in Taringa, brisbane QLD.
My PM has suggested they would organise on but thought I would check SS first for a recommended one.
Cheers
Paid $15k over asking price and put a 24 hour time limit on the offer. I wanted the property and the numbers stacked up for the price I offered. Like terry said, if it's a buy and hold I don't see an extra 10k to 15k an issue.
I was hoping that my bank could take a limited guarantee on the remaining equity in IP1 ($170k) and I could then fund 100% again for IP2.
I was under the impression you can only withdraw cash up to 80%LVR? Hence why I am looking for a way to utilise all of the equity in IP1 to essentially...
Question re financing IP?s
On my first purchase I used a ?limited Family guarantee.? Essentially means borrowing 100 -105% & avoiding LMI due to a $80k guarantee (20% of $400k purchase) put on my parents? home.
My question is this: Can I use this process for myself?
E.g. let?s say...
Nice work!
I am in a similar boat to you I think. What city are you going to focus on for your first property? I chose Brisbane due to lower cost to enter the market and right stage in property cycle.
What's the reason for outsourcing everything? I first thought I would do the same but...
I think i mean risky...as I'm pretty young I'm willing to take risks, however, from my understanding development needs $$. Something i don't have a lot of at this point in my journey :(
thinking Maybe my next move could be a cosmetic reno on a cheaper unit/house...mmm thanks fore the tips.