Search results

  1. bennos

    Opinion on RE agent fee please

    Just finished a meeting with a RE agent to sell my unit at Westmead, NSW. Looking at around $400K. They are asking for 1.95%, that includes all advertising cost. I just wanted to see what others think of this rate? I think it's pretty good considering the ad costs are included.
  2. bennos

    Section 32... agent says he doesn't know what it is

    I just called a RE agent (in Nerang QLD) in regards to getting a Section 32 to look over (of a property I'm interested in). Unfortunately, I don't really know what it is or who it is prepared by. Only thing I know about it is from reading about it here... this doc provides a lot of...
  3. bennos

    Found an IP... first step?

    Found an IP I would like to make an offer on. It is in QLD and is a 2 year old townhouse. I’m a little worried that it might go before I am ready. Should I negotiate and settle on a price to get it off the market before performing all the necessary steps like pest/building report and...
  4. bennos

    Finally going to jump in and buy our first IP (in Nerang, QLD)

    Well, after months of reading books and reading forums (this one especially) I'm finally going to put up some cash on an IP!!! How nerve wrecking... got to keep reminding myself that not all debt is evil. The suburb is Nerang. The area has the advantage of being close to many attractions such...
  5. bennos

    Tenants in common or joint tenants

    I am yet to see an accountant, that will be in a couple of days but wanted to get some basic info here so I at least know a little when speaking to my accountant. Can someone explain in layman's terms (as much as possible) - what the difference is between 'tenants in common' and 'joint...
  6. bennos

    Using LOC to assist with holding costs

    I have a question about using line of credit (LOC) to assist with the holding cost. I get the general idea of it and it sounds like a good way of minimizing what comes out of your pocket but I need more details. So here goes... I’ve deliberately left out interest payment in this example. Say...
  7. bennos

    Cost of LMI

    Anyway to work out the LMI on a loan when the only information you have is the amount you can borrow? What are the factors that affect the price of LMI? One being the amount of money you want to borrow... what else? I'm just trying to work out some scenarios but have no idea on the amount to...
  8. bennos

    Initial Research for IP

    Initial research before the detailed stuff, what do you think? Step 1. Domain website to do a property report suburb profile. In there I look at: • Exactly where the suburb is located • The indicated long term trend (suburb vs region) • The trend chart to see which direction the suburb is...
  9. bennos

    Darwin investing

    Has anyone bought an IP in Darwin recently? Just wondering if it is still worth investing in Darwin (at the moment). I've come across a property there I'm interested in but have heard that Darwin is nearing the peak of capital growth so it may not be worthwhile for the time being. Any...
  10. bennos

    Buy 1 or 2 IPs if you had the funds

    I've just come back from a mortgage broker, he calculated that I can borrow up to 700K comfortably for my financial situation. Not that this will be my last point of research/searching... but I just wanted to know the opinions of fellow investment-interested people. - If I bought 1 IP...
  11. bennos

    Rental Return Question...

    Say I buy an IP for 325,000 and the weeky rent is 340.00. How is the return rate % worked out?
  12. bennos

    Creating income from investing in properties

    I got this idea from talking to people at The Investors Club (TIC) but wanted to know how it is possible. I’m new to investing in properties and have only attended one of their meetings. I guess what I’m asking is for the details of how it can be done. Example: If I have 3 IPs and want to...
Back
Top