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Here are few of my questions based on this example. Would I buy this property in the first place? Scenario 2 (NRAS) Many openly add few Ks to that price to make it NRAS and pass on the cost. Can we get at least 1 out of 4 major bank to value the property at 350K? Can one of the major bank...

This is from the report: Low: 235K Mid: 272.5K High: 310K I mentioned the figure 275K which was above mid! Having said that I agree with the value around 300K mark but my point is that the seller couldn't provide anything to justify the 320K. That is my 'continued comments'. On a separate...

I had a look at the NRAS. I see mainly three problems. 1. Relying on consortium. What if they stuff up at some point? 2. Finding a right property at right value. Recently, I came across a townhouse for $320K. ANZ desktop valuation at 275K. I provided that report to the seller and asked them...

700K equity can give you (20% deposit + 5% cost) for about 2.8 Mil worth of IPs. So if you buy 400K x 7 IPs = 2.8 Mil. Hopefully in 12 years time your IPs double so that you can sell 4, pay off the other 3 and also upgrade your home. At 5% return you are looking at 140K in this scenario...