Filed under: Bootcamp Fixed SMSF
The papers are full of how house prices are going down. But if you’re out there beating the streets looking for you first home it’s a different story. The property price drops are happening at the Toorak end of the market but for normal priced homes (up to $1mil) we’re seeing stagnant prices or growing prices. That could be because of the First Home Owners Boost, but it could just be because people want to buy bricks and mortar. I guess we’ll see what happens in July.
Buying Property in your Self Managed Super Fund
Wednesday 20th May at 7 p.m.
Speaking of Bricks and Mortar, after a volatile year in the stock market, I'm getting lot's more interest in buying property using a SMSF. So I have asked Katrina Gay, financial planner to the stars, and Sharon O'Malley, accountant with the mostest to join me to discuss the pros and cons of buying property in your SMSF. Please phone Ro in the office on 9818 6755 to book your place.
A Few Words on Fixed Rates
The banks put their fixed rates up without warning two weeks ago. By doing this they have deterred a lot of people who might otherwise have fixed. This supports the notion that there is a shortage of fixed rate funding in the wholesale credit market. These actions have fuelled speculations that fixed rates will drop further towards the end of the year. So remember the golden rule: ‘Fix because you want certainty, not to gamble with the bank’. There are still some great fixed rates around now if you are seeking more certainty in your lending. And if you’re not too bothered you can kick back and enjoy the low, low variable rates.
Property Investment Bootcamp – New dates scheduled
I’ve just finished the first round of Property Investment Bootcamp. Here’s what some of my Bootcampers said:
“Love, love, love the negotiation planning”
“Enjoyed sharing the questions and answers from other participants”
“Liked real world examples”
“The process is broken up in to easy steps”
“Thank you for a wonderful course. It was very detailed and educative.”
“Lots of tips – excellent!”
Yes, that’s right, just like Bootcamp for your body, this is Bootcamp for your investment portfolio. Over three nights I’ll be presenting loads of information and tips on how to buy an investment property in six easy steps. Don’t delay to phone Ro if you’re keen – the courses have been booking out quickly.
I’ve used these simple and easy to follow steps to purchase 9 investment properties over the past 10 years, so I know they work.
The June and July series are booked out so your next opportunity is for September dates. This presentation series is only for our clients, their friends and families and places are limited. So if you or someone you know would like to attend please phone us to book your seat. If you’re telling a friend about us be sure to tell them to mention your name when they phone Ro.
1. Wednesday 2nd September, 7 p.m.
a. What to look for in an investment property? What physical characteristics? Growth? Scarcity? Value? Rental return? Desirability for tenants and growth? How to research it? What books/sites/reports/seminars are available?
b. How you can afford an investment property? How much will it cost you upfront? Stamp duty and other hidden costs? FHOG eligibility? How much will it cost you ongoing? Buying an investment property with no cash? What are non-cash costs? Cash flow positive vs. cash flow negative?
2. Wednesday 9th September, 7 p.m.
a. Negotiating tips for the right outcomes? What is a Contract of sale? What can you include in your Contract of Sale offer? Private Sale vs. Auction? Real estate agent secrets? Conveyancers vs. solicitors?
b. So you’ve bought – what happens next? Settlement period? FHOG? How to get a property manager? Your first mortgage payment?
3. Wednesday 16th September, 7 p.m.
a. Renovating for rent increases? And capital increases? Using a valuer? Using a quantity surveyor?
b. What happens next? Fixing rates? Interest only vs. principal and interest? Using your growth? What is cross collateralisation? Cash flow? Budget? When do I sell?
ONE DAY PROPERTY INVESTMENT BOOTCAMP
Some people have been keen to come to Bootcamp, but find it difficult with commitments to small children or long work hours. So I’m running a special one day Property Investment Bootcamp event on the 3rd of October. If you’re keen to come please call Ro as soon as you can, this one will book out quickly!
It will be a big day where I squeeze everything in to a 9 – 5 session. So expect a big day with big value! The day will run from 9 a.m. at our offices in Hawthorn. Please phone Ro on 03 9818 6755 to book your seat.