How to be a Property Investor with Little to No Money!
This presentation inclusive of the courses is intended to provide general information only. It does not purport to be legal, accounting or financial advice. It is not intended to be a substitute for specific advice about any issue or process which should be referred to a specialist professional.
This presentation inclusive of the courses is intended to provide general information only. It does not purport to be legal, accounting or financial advice. It is not intended to be a substitute for specific advice about any issue or process which should be referred to a specialist professional.
No responsibility is accepted by Laurie Hedgland, Mult-Let-Homes Australia or related entities for the accuracy or omission of any statement, opinion, or information in this website or courses. Readers should rely on their own enquiries in making any decision.ibility is accepted by Laurie Hedgland, Mult-Let-Homes Australia or related entities for the accuracy or omission of any statement, opinion, or information in this website or courses. Readers should rely on their own enquiries in making any decision.
Modern Rooming Houses or Share Houses, provide the perfect solution addressing the growing need for affordable, modern accommodation. If executed professionally. Rooming Houses or Share Houses are a win-win-win for investors, landlords and tenants. House price rises mean a growing section of the community will rent for longer – many choosing to be life-time renters. Due to the rising house costs, middle income workers are increasingly pushed further from their workplaces. Modern Rooming Houses or Share Houses help address affordable housing, so workers can live closer to their workplace. Our Rent-2-Rent Australia property course addresses all from scratch, right through to management. providing the perfect property asset for investors looking for secure, reliable, high return income, while simultaneously addressing the growing need for affordable, modern accommodation.
What is Rooming Accommodation?
Beyond 2000, the 'new model' of profitable private rooming houses has emerged in response to a competitive rental market and rising house prices.
Rooming Accommodation has been around for more than a 100yrs, they are also referred to as share houses. However, the term rooming and is now commonly recognised as a new type of tenancy. The Residential Tenancies Act 1997 defines a Rooming House as a residence where one or more rooms are available for occupancy when rent is paid and four or more unrelated people live in the building. Tenants can rent a room on an exclusive basis with the shared option being the common areas such as the kitchen, laundry, bathrooms and living/dining room. Meaning, you can have each tenant on their own separate long term lease and rent each room out individually. A house leased by several people each under a rooming accommodation agreement is considered several discrete households under the Residential Tenancies and Rooming Accommodation Act 2008.
The rise in the apartment boom is largely due to affordability and the desire to live closer to employment. We now live in a world where convenience is top priority. This is evident in the fact that lone person households are the fastest growing household type in Australia. 1 in 4 people in Australia live in a lone household.
Landlord's often don't realise there are other options when it comes to leasing their property out. The main reason is to be able to rent as rooming accommodation the house needs to be upgraded to comply with 1B construction. The house needs to meet certain classification and safety standards, plus it needs to be approved through council or a private certifier prior to renting under a rooming accommodation agreement.
Normally you would rent your property out under one lease to either a family or a couple of people. Rooming tenancy agreements are monitored much more, and there are a strict set of rules for each tenant to follow. This is to ensure everyone gets along but also to make sure the house gets looked after the right way.
Although there are extra costs and management involved in renting your property as a rooming house, the biggest benefit is still in the profit. A 5 bedroom house may rent for $600 per week on a normal lease. Whereas that same house could be rented out at $250 per room. Meaning only 3 tenants are needed to get the same return, but when you have 5, you will be making $1,250 per week. less the electricity,gas, water nbn, cleaner and landscaper.Creating a positive cash.
Do you own a Single-Let Investment Property that is negatively geared and hurting you financially every day, week and year....
How to convert your Single-Let negatively geared Investment Property into an exciting Multi-Let Positive Cashflow property today...interested>>
The Three Reasons you need to consider Leasing Houses for Rooming Accommodation
1. Less than $6,000 of invested capital.
2. Amazing Passive Income
3. Very Strong Rental Demand
You are clearly here with me today to learn how to get into the property game legally and ethically with little to no money. Then renting out share houses is how to circumnavigate the Banks and their Mortgages, the Local Government, and their annual Land Tax Bill and further, how to avoid the Council’s annual Rates Bill whilst always remaining positively geared. We have just commenced into a new decade that is shaping up to be something BIG. If you have ever wanted to get into Property or want to hear of the technique’s the Professionals are applying, to increase their portfolios, then there isn’t a better time than right now. Learn about starting a property business today for little to no money. These courses showcase little to no money down, without joint venture partners, large deposits, mortgages, stamp duty etc. through to controlling a large portfolio of high “cash flow properties”.
Rent to rent gives you cashflow. Cashflow gives you financial freedom. Financial freedom gives you the opportunity to live your life, with your family’s in the way you wish.
If you think you need a 25% deposit including settlement costs, let me show you otherwise. interested>>
There are two strategies that we really support, that generate amazing POSITIVE INCOME FROM PROPERTY YOU DON’T EVEN OWN. They are the Rent-2-Rent Australia share house strategy and the Purchase Lease Option Australia share house strategy, both using OPM or other people’s money. Both offer amazing results, you will profit by approximately AUD$450 per week by controlling only one property, imagine 3 or 4 properties or more. We are excited to be able to help the following people with SOLUTIONS of how to get into positively geared property that will quickly replace their income with less than $6,000 cash or equity:
* Younger persons with minimal cash or equity
* Older persons that the banks do not want to lend too.
* Property investors requiring additional serviceability.
Everything you need - Positively geared from day one, includes contracts, spread sheets and Tick-the-Box Cheat Sheet interested>>
What I’ve attempted in the Rent-2-Rent Australia Online Property Course is to shift your perspective from Owning Property to Renting Property as a Property Investment Business and the opportunities that are available in running Room Letting and how simple it is to get started for less than AUD $6,000.00 once you have a clear direction and a plan to follow. Most people believe that to get started in property you need to own it. To do that you will need LOTS of MONEY – however, what if I told you there is another way without the need for you having large deposits and settlement costs. We are all familiar with smart businesses controlling assets rather than owning them, such as-
Uber, the worlds largest taxi company, owns no cars
Facebook, the worlds largest media company, creates no content
Airbnb,the worlds largest provider of accommodation, owns no properties
The Rent-2-Rent Australia share house strategy is a quick and simple way to a great passive income for Property Investors. You sign a rental contract with the right to sub-let some or all of the rooms, you offer a long-term lease with no vacancies to the property owner and take over the day-to-day bills and responsibility for the property. Setting Your Annual Goals I have spent more than 30 years in property investing which has resulted in amazing habits and ideas. I truly believe that anyone with or without money can become a property investor starting today. Your first step is to educate yourself to achieving your goals. Many of my goal setting and planning habits are amalgamations of what I have done, some right, some wrong. So I have put together all the best bits to keep you moving forward to reach your goals. The next 6-8 weeks is the perfect time to start building your new habits. By planning your days and weeks, then reviewing the outcomes you will set yourself up for success. A GOAL WITHOUT A PLAN IS A DREAM
This issue comes up a lot when you are just starting out on your property investment journey. The problem is often highlighted by the media; the tenant who completely trashed the property, the tenant who simply stopped paying rent and refused to leave. The fact that these situations are highlighted by the media makes us believe that this occurs way more than it does.
Although these things do happen, we can avoid it, or at least minimise the risk. The first thing to do is ask your tenants for references. Whilst it's not fool proof, however if you don’t do it, I can assure you that you will find that you could onboard a few bad eggs. So this is what to do - When you advertise your Rent-2-Rent rooms you can say that references are required. The mere fact that that asking for references will eliminate a lot of people who could have potentially caused some issues.
The second thing is to take out a silver membership at Aud $220.00pa with TICA – Australia’s largest tenancy database. The TICA Database will advise you on prospective tenant Blacklisting, Defaults etc. The third thing you need to do is ensure that either you or someone on your team actually meets the tenants in person. You’ll be surprised that your ‘gut’ feeling can save you from. Not all potential tenants can come for a viewing due to distance or time constraints, but in those cases, you should still set up a proper face-to-face meeting over say Skype and give them a little bit of a video viewing.
Summing up. I personally manage my portfolio of Ren-2-Rent Rooms on the North Side of Brisbane and in 5 years have only issued a 48hrs termination once to a tenant for using drugs on the premises which was reported to me by the remaining room mates in the house. Note under the RTS Rooming Accommodation lease agreement you are able to give 48hrs notice.
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message - 0415716890
email - info@multilets.com.au