From the category archives:

Finance

Subjective Property Valuations

by Nathan on January 16, 2010

in Finance

This entry was kindly contributed by a member of the Talking Property community. If you are interested in contributing an article that would be of interest to our readers then please contact us.

News Break!!! Valuations are very subjective.

They can be one of the most subjective areas of financing a property and they can make or break a property deal.

This is great news for investors because it means there are stacks of things you can do to maximise your chances of getting an awesome valuation. You must have an understanding of how you can make a difference.  If you are not prepared, you may be disappointed and will be kicking yourself that you didn’t do more. Of course, being prepared is no guarantee of a good valuation but it definitely works in your favour. [click to read more…]

Tagged as: Finance, Renovation, Valuations

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Property Shopping in 2009 – Part 2

by Debbie on April 12, 2009

in Finance, Property Market

With finance becoming more and more difficult for lo-doc property investors how can we still build a business using property?

We (my husband Chris and I) have been lo-doc borrowers for a number of years since making property our full time occupation. We have learnt property investment the hard way. Looking back it would have been much easier if we had utilised the services of a property coach or mentor.

Nearly everything we have learnt has been through doing. We did the smart thing and joined a property investment group a number of years after we were full time investors. I think that if we had not joined the group we would not be full time in property investment today.

I learnt about finance from other investors and speakers. I learnt about structures, creative real estate deals and even how to be accountable to myself as a business owner.

Something I discovered was the importance of understanding finance. Now, you don’t need to become a finance broker to understand finance but purely to take an active role in your financier’s finance choices for you.

If your financer comes back with another question for you, find out why they are asking. If you get knocked back for finance find out why. If your financer puts your finance with a certain lender find out why. [click to read more…]

Tagged as: Finance, Property Market, Shopping

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