Deposit Bonds After we signed the sale contracts, we needed to pay deposits. A deposit is usually 10 percent of the purchase price. The primary purpose of a deposit is to provide a consideration to make the sale contract binding. The deposit also shows you are a genuine buyer. Most importantly, if you are in … Continue reading How to Buy Unlimited Investment Properties Chapter 12
Unless you have just arrived from Mars you would be aware that the Reserve Bank of Australia has lifted the official cash rate by .25 base points to 0.35%. This was the first increase in 12 years. All the major banks have passed on this rate rise to their customers in full. As a result, … Continue reading What will happen to the real estate market and house prices now that interest rates have gone up?
The Syndicate From knowing what you want to buy to actually going out and buying it can seem like a gigantic and often daunting leap of faith. I had a plan that I thought was simple. I wanted to buy a good, desirable property in a bluechip suburb at a genuine discount price. My plan … Continue reading How to Buy Unlimited Investment Properties Chapter 11
Real Estate investing is not easy. There are many factors that can make or break an investor. However, there are certain characteristic that all successful real estate investors have. Let’s look at a few that makes them champions: 1. Sacrifice This is a heavy word. Sacrifice is usually attributed to pain or suffering, but successful … Continue reading Characteristics of a successful Real Estate Investor
Investing in Real Estate can be a lucrative journey. Joint ventures, wholesaling and property management are just a few ways investors profit and become successful. There are now many options on how to learn real estate investing, one does not become successful from studying alone. Top real estate investors commonly possess certain characteristics which make … Continue reading 10 Habits of Successful Real Estate Investors
Anyone can become a successful property investor. Almost anyone can make money as a property investor if they have a clear budget, strategy, purpose, and mindset. With this in mind, the most successful investors definitely have some common qualities. They are committed Success won’t come if you are reading investing magazines and browsing real estate … Continue reading 5 Traits All Successful Property Investors Share
Searching for a New Investment Now that my apartment was rented, I had a home to live in, I had more money in my bank account, and I had no more personal debts. I was ready to start searching for a new investment property. Clearly, I was more appealing to the banks than when I … Continue reading How to Buy Unlimited Investment Properties Chapter 10
Before we jump into the very issue to discuss buyer’s advocate and their role, let us first discuss in short, the real estate market and its dynamics that prevail at present. With the lockdowns a phenomenon of the past – finally, average Melburnians are breathing a collective sigh of relief. The proper city of Melbourne … Continue reading The Role of Buyers Advocate in the Present Melbourne Real Estate Scenario
According to some brokers, the prospect of rising interest rates are causing many nervous buyers to rush into more expensive fixed loans without them fully considering whether they will end up with higher costs and switching fees. As big banks such as Westpac, ANZ and Citi continue to increase their rates, the rush to lock … Continue reading ‘Irrational’ borrowers switching to more expensive property loans
Renting I obtained three rental estimates from local estate agents. But I invited only two of those agents back to lease my property. As a personal preference, I always appoint only two real estate agencies when leasing any of my investment properties. I believe there is sufficient competition between two agencies to ensure that I … Continue reading How to Buy Unlimited Investment Properties Chapter 9
