Thanks for mailing me the CD Steve, I received it today.I've made quiet a few changes to my advertising approach and will place a newly worded ad in the papers tomorrow. It's funny how a few words can make the difference between success and failure in life..In this case, getting the attention of my target buyer.Nice to know you can get help from a…[Read more]

Hey guys..thanks for all the replies. I really appreciate it. We've had a bit of a drama trying to get people. We placed an ad in a few  local papers and havn't had much of a response. It seems as though we are not reaching our target and ppl aren't grasping the concept. The ad we used was:"Owner needs to sell tidy 3br home now and will provide…[Read more]

I appreciate the time taken out to post a reply to my question. Just so that we are on the same page..I believe in and am happy to pay my due amount of tax…but if the tax eats away from the profit margin to the point where it becomes unfeasable to undertake the project…you know the rest. Lets just re-phrase ..”way around this” to “how can I…[Read more]

Thanks Terry, I appreciate you taking the time out to answer my questions.
I’m still not comfortable with the second part of my question- how am I going to convince the banks to lend me money every 4-6 months for my renovation/ value adding projects when they know that I won’t keep the loans for 30 years ?

Cheers,

Arthur. K

Thanks Richard that was very informative. I’m one of those people that needs to know eeeeverything [biggrin]…What are the options ?
I mean, there has to be a way. People are doing it everyday and making great deals and obtaining finance right ?
Would it have anything to do with structure (i.e trusts, companies, partnerships etc) ? How do say…[Read more]

Common guys, don’t start implying that I’m a criminal just because I am curious on how things work. It was just an innocent question that a friend and I were having an argument about.
Besides not everyone who asks how to make a bomb wants to blow something up…There are people who are simply curious and want to understand the science of…[Read more]

I’m aware of the credit reports. However, just because I applied for a credit card, homeloan etc and it was approved doesn’t necessarily mean I have a credit card, homeloan etc.
Maybe I was just trying to see how much I can really borrow or simply just getting pre-approval.
I can go on..maybe I applied for a homeloan and it was approved, but I…[Read more]

Ausprop,
That’s one of the annoying misunderstandings. Some agents don’t understand that just because a deal sounds great to them, it may not to me. And just because I’m not interested in what the agent thinks is a good deal, he/she thinks that I’m a waste of time.

In my opinion agents should just focus on what customers are asking for and help…[Read more]

Yea..it all depends how you look at it. There are a lot of challenges, not doubt about it, but it’s all part of the game. Nothing great comes easy, especially financial independence.

As far as agents go, I’ll use the tips I’ve read over the past few weeks from books and this forum. I’ll learn to work with them. I have to.

And just to clear…[Read more]

Some great tips guys. Thanks! I’ll definately keep them in mind next time I come in contact with an agent.

No appology necessary Derek, I appreciate your comments. To answer your question ( and I know what type of person you are thinking of), no I’m not a “tyre-kicker” nor am I a “gonna” etc. I value my time and consider my investing goals a top…[Read more]

I agree guzzi. Too many Australians have become “property investors”. Is this a new trend that will continue as more and more Australians become better informed, or will it fizz out and is just a result of the huge growth seen in recent years…I wonder…I bet the API magazine is doing well! Maybe I should buy some of it’s share[cigar].

Arthur. K

Thanks for all the tips guys. Much appreciated!

However, I still get the feeling some agents don’t want to sell me anything [cry] as I always make sure to let them know that I’m interested in buying something in the area in the near future. I always ask them to contact me (email, phone, fax) if anything comes up. Maybe I’m not specific enough in…[Read more]

Dazzling,

How do I get on their “pre-approved buyers list”?
As for the other suggestions, I appreciate your effort, however:
1) I’m looking interstate atm,
2) I can buy something now, I don’t want to wait for a bigger budget. Besides, there is still plenty of competition for more expensive property and I don’t have millions (yet [biggrin]).

If I…[Read more]

Thanks for your replies and advice guys, I really appreciate it.

I think I might start purchasing in my own name and rely soley on insurance for protection for now. I don’t want to make it too complicated just yet (not necessary). Once the income from my investments rises I will change my ownership structure for purchasing investments. That way I…[Read more]

Thanks heaps aussiemike…I’ll definatlely use your advice!

Cheers,

ArthurK

Yea I suppose they would Terryw, unless I made it that they could only purchase on the set date and NOT before…I just want a strategy that won’t keep me working constantly…I understand that I’ll have to be proactive and keep my eye on whats happening in the market and on my IP’s…however, having to constantly buy and sell properties wouldn’t…[Read more]

Generally, I think you’re all (esp. those of you who are in the “i don’t think it’s that necessary” category) are not realising the potential risks you are placing yourselves under…Many people who haven’t “bothered” or didn’t want to spend “unnecessary” $$ on protecting their assets substantially lost everything as a result of just one unforseen…[Read more]

I think that if your’re underlying goal is to work less, have more, and have more time to enjoy it and you don’t have much $$ to start with, then your better off staring out with positive cashflow, before moving onto negative. There are plenty of reasons for this to be true…Steve’s book outlines many of them.

Cheers,

Arthur.K