Hi Jay,

"I have seen that in my TWH model other than the doctors from Perth I have not had one investor from OZ interested in 9% WITH EQUITY on top… "

I have looked at your model and your website, I think that most Aussies do not understand the concept or are basically afraid of holding a piece of paper, over a property. They are brought up on the real tangible property concept. I.e. If you own the land and the bricks and mortar on it, then its worth investing in. You have something you can see inspect touch for your dollars, and resell if you have to. You can rent it out or keep it as a holiday home, ad nauseum The higher cost of borrowing at the 7% does make you question why you are doing it, knowing those rates could increase at any time.

I think this is the stumbling block, to a degree myself included, my wife especially!

Cheers
Tony

Not when gas costs around AU$5.40  or more a US gallon, and you have to drive on crappy roads!

The form your wife spotted was probably an Rpdata printout for the property or perhaps a rates notice.
Both usually have a capital value on them, related to what the valuer-general in SA last assesed them at.

Often it is below what the property is marketed at.

Once upon a time, if you bought within 10% of assesed captial value, you did well. The problem in the last few years when the boom was on, was the assesed capital value from the valuer-general was a long way behind the marketed price. 

They are catching up though, especially if you have multiple properties for land tax purposes.

Normanfisher

Where are you located?

I can provide those types of services.

Cheers
Tony Richardson

Hi Trustieone..

Heres a couple of topics. I searched on "DHA investment"

https://www.propertyinvesting.com/forums/property-investing/general-property/4320575

https://www.propertyinvesting.com/forums/property-investing/general-property/4322502

You could also try "defence force housing"

I've never had a DHA property but looked into it quite extensively, it depends on what your goals are. If you want hassle free, 15 years of renting but are prepared to pay a premium to buy and maintain with the management fees, etc. they mey suit.

Regards
Tony

NAB, Westpac and RAMS and probably a few more by now, use the services of one Company to handle their forclosures.

The Company , based in SA, handles the bailiff for the inevitable eviction, lockchanges, repairs, arranging valuations, and whatever else is required to get the property to auction. The property auction is usually handled by agents local to the property.
So finding out where and when the auctions will be held is a little difficult.

I used to do IT work for them a couple of years ago, they handle forclosures in every state, it was quite an eye-opener as to what goes on behind the scenes.

Cheers
Tony

GN Finance

Search the name at http://www.asic.gov.au

It will tell you all you need to know.

Hi MadProperty,

I went to the Seminar and I can tell you it was fantastic! I wanted to do the Seminar back in March 07, but missed out by 2 days.
The special guest speaker was a great surprise and was for me the right speaker at the right time… (nope I ain't going to reveal who it was… you may get the same one or someone else)

A lot of the information you could probably learn along the way, but it was useful to get it from his perspective as someone who does development every day. Marty is a down to earth guy, and doesn't mince words.. what you see is what you get, and the bus trip is the highlight. We visited 7 or 8 sites from basic to complex… he has had a few battles along the way, I did a bit of research yesterday and found some Council documents highlighting a little to and fro he had with one Council.. was interesting to me anyway, as we had been over that particular site.

You have to remind yourself that Marty has been doing it for 10 years and has a great system. Where you benefit is that you can modify what he has provided to suit your circumstances and build your own system to suit. Leon Madigan also provided his secret "Leons Business" flow chart to tie in with Marty's information. A lot of it is common sense stuff once you go over them.

Marty's checklists (as is the workbook) are copyrighted so they wouldn't or shouldn't be available on the PI site for general use.
If you get the opportunity to go to one next year, probably around March 08… my advice would be to do it if developing/subdivision is an area you'd like to progress to, and are unsure on how to do or start.
For me, I am a nuts and bolts person ,and get bogged down in the fine detail  "how do I do this bit" ,  Marty's advise is to just get on with it, so I have no excuses now!

Best Regards
Tony