Hi jasno77,I jumped from the other direction.  I can relate to you.  I was petrified when I made the decision to do day shares trading after not wanting to know about for a million years.   Now, I'm quite happy to say it's convinced me I will make more cash flow positive moves trading in shares than I did with property.  This is one reason I&#0…[Read more]

Hi robbieP,Is there any specific reason you want to buy in low income areas?If you are looking for a good rental return and high capital growth, the Northern Beaches is ideal.  Angel

Hi Wirraway,If the debt burden is not too heavy, carry it for a month or two.  I can only assume that by the 45th day your partner (ex), will come to his or her senses about the real "value of the property."Match the highest offer and say that at least you both get to save on agent's fee.  Just so there's no complications or unwarranted a…[Read more]

Hi Robbiep,

I bought all my interstate properties sight unseen. Four in south Australia and one in Queensland.

Why? Apparently, I have a high tolerance for risk. Or maybe, I’ve got a loose screw in my head.

Angelina

Hi Wade Anthony,

This is my strategy and I’m 100% sure that it is NOT the best but it works for me.

Wherever possible, I sell in July. Or I delay settlement till 1 July so I am able to have 12 months in which to put in place a tax minimisation plan. Remember that tax minimisation is not the same as tax avoidance. The former is legal, the…[Read more]

Zaul wrote:
You do not need income to invest in Property.Every book i've read has suggested you can borrow everything and just do it via foreclosure homes.

Zaul,

I’m so sorry to day this is absolutely, positively not possible in Australia.

However, if you come back to Australia, I’m happy to become your mentor. I promise that if you get a…[Read more]

Hi Peachy,I may have a solution for you that's safe and involves only minimal risks.  The strategy also includes the possibility of a baby coming into your life sooner rather than later.  A plan should always include a contingency like this.If interested PM me here or email me directly on angelinasytan@gmail.com.Take care.Angel

Hi Zaul,Thanks for the good words, I can only commit to mentoring if you are Sydney-based.   I do help a lot of people with time.  I classify myself as a "good sounding board."I observe that you are actually  very confused with things.  Your understanding of the realities in the real estate market in Canada and Australia are mixed up.You real…[Read more]

Hi all,This is my own opinion only….based on personal experience.  I will NEVER, EVER buy a unit again.  I live in a 10 bedroom house, with 2 kitchens, 4 toilets and showers and it DOES NOT cost me $6K or $21K to maintain it.The day I have this much money to give away, would be the day I can really call myself a millionaire.  For now, I am st…[Read more]

Hi Yanglee and Kotleralex,How are you both?  Enjoying reading and learning?I'm sorry if i can't take your words for it, you posted glowing reports in favour of  a company that's under scrutiny from authorities.  You did this on your own accord… that I'm pretty sure.But what is suspect is the fact that you joined the same day as your posts.  Did…[Read more]

Hi Infallible,The property market is flat at the moment,  save for another 12 months and get a cheaper rate and borrow less.  There is a time for everything under the sun.  Now is the time to gather strength.  There is no hurry.  Why pay crippling interest rate that could possibly set up back again?Use the coming 12 months to good use.  Take care.Angel

Hi Desilucky,You need to speak to your solicitor ASAP,   I am ssuming you did your due diligence before signing on the dotted line?The forum member are not able to give professional advice on this nature. We don't know what terms and conditions you agreed on with the builders.  You do have our prayers for a speedy resolution though.Take care.Angel

Hi SC541,Never fear to ask.  Ask and you shall receive.  What are you worried about?    What's the worst thing that can happen?  They'd say "no" right?  And if they say "no", what's the worse thing that can happen?  You didn't get the property that didn't belong to you anyway.And there is no rule that says, you can't give another offer? Secondl…[Read more]

Hi all,   Hi beedie,I read all responses with interest.  But it hasn't changed my mind.  I still reckon the interest rate has to come down a tad if only to make me happy  .  Joking aside, the people's confidence is shot at them moment, many big business falling under and small businesses struggling to make ends meet.  I am aware that it is not th…[Read more]

Hi Propertyjockey,I hope you are using the stats only as part of your research and NOT basing buying decisions solely on it.  You must also research the Council website.  This is CRITICAL.I will give an example, a fellow investor invested in an up-coming suburb, all the indications showed it was on an upward trend.  He didn't looked in the Co…[Read more]

Hi rin,Ryan did explain he built a duplex, so each of the duplex is renting out for $550 a week.  In Sydney, that's pretty standard.Take care.Angel

Stever1,You'd be surprised how little you'll end up with at the end of the day.  Steve, find out the NET income after grossly expensive strata fees and management fees have been deducted.It is peanuts with a little p.Take care.Angel

Hi Personal Leader,It's good that you're trying to help her.  May i recommend that you use a professional valuer?Valuation is partly subjective.  It is not an exact science.  It is not precise mathematics.  You have good intentions but many people have been burned by their good intention.   You don't want later on for her to turn around and say y…[Read more]

Hi,The newer the building, the higher the costs of quarterly strata.There are new buildings in Sydney CBD that charges up to $25,000 a quarter in strata fee.  The building known as the "Toaster" near the Sydney Opera House had one penthouse which was for sale a few years ago, the quarterly strata fee was advertised as "approximately…[Read more]

Hi Cath,I loved reading your story.  Indeed, we all learn from each other.  So thank you.Here's another one.  Five years ago I wanted to invest in a big mining town.  A block of 5×1 units, all making a killing.  Ask BIG bank for a loan, they came back with, "Ok, approved but only for 15 years loan term."    Why?!This big bank, like all big banks,…[Read more]