Cashbox FHB Guide
November 25, 2014 | By scott |
First Home Buyer Guide
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— GETTING STARTED: FIRST STEPS TO BECOME A PROPERTY INVESTOR P - 2 ASSETEDGEPROPERTY.COM.AU Index Page Executive Summary 4 Part One: Strategy Know what you want to achieve 15 Know your financial capacity 17 Understand your risk profile 23 Risk profile – rating tool for locations 26 Understand that investing is a long-term business 27 Be willing to make decisions and take action 30 Extract emotion - This is for financial security, not ego 31 - You’re not going to live there 32 - Peripheral issues don’t matter: Interest rates speculation 34 - Peripheral issues don’t matter: Headline-hunting negativity 35 - Don’t insist on buying locally 39 Part Two: Research You must be prepared to work – and persist 41 Why due diligence is important 42 Gathering information Know where to find reliable market information 43 Learn to recognize which information is unreliable 45 Be aware how misleading medians can be 47 Question everything, believe no one 49 Misinformation muddies the waters 52 When a lie is accepted as fact 54 If forecasters put exact figures on future growth, be skeptical 55 Part Three: Buying Units or houses – which best suits your strategies 57 Deciding where to buy More important than what you buy or when 59 There’s life beyond the big cities 60 Outer suburbs usually provide superior long-term growth 63 Master-planned does not deliver master growth 65 Hill Change offers better value than Sea Change 67 The impact of government 69 Regional centres safer than mining towns 72 Deciding when to buy 74 The importance of Negotiation 76
— HOW TO IDENTIFY REAL ESTATE HOTSPOTS P - 2 ASSETEDGEPROPERTY.COM.AU Index Page Introduction 03 The Hotspotting Process 04 Creator Category #1: Transport Infrastructure 05 Creator Category #2: Ugly Duckling syndrome 07 Creator Category #3: Urban Renewal/Govt Policy 09 Creator Category #4: Lifestyle Features 11 Creator Category #5: Boom Town Syndrome 13 Creator Category #6: The Stayers 15 Creator Category #7: Education-Medical Infrastructure 16 Creator Category #8: The Ripple Effect 17 Creator Category #9: Sea Change/Hill Change 19 Creator Category #10: Jobs Nodes 22 How to use this knowledge 23 Finding information easily 26 Conclusion 28
email@example.com www.cashboxfinance.com.au What is a Limited Recourse Borrowing Arrangement? A limited recourse borrowing arrangement is a specic type of borrowing arrangement that allows an SMSF trustee to borrow for investment purposes. To qualify, the borrowing must be established under an arrangement that satises the following criteria;  The borrowing must be used to acquire a single acquirable asset  The acquirable asset must be held on trust for the SMSF so that the trustee acquires a benecial interest in the asset  The trustee must have the right to acquire the legal ownership of the asset after making one or more payments  The rights of the lender, or any other person, against the trustee in relation to a default on the borrowing must be limited to the asset acquired with the borrowing  The acquirable asset must not be subject to any charge other than that provided in relation to the borrowing  The acquirable asset must not be replaced with another asset other than in certain specic circumstances Under the rules a borrowing can also be used to pay for any transaction or borrowing costs, such as legal fees, loan application fees and stamp duty, and to fund repairs and maintenance to the asset but not to improve the asset.