Geez.. this post was active last night! []

Thank you for all the info !.
I already have an online banking account through westpac, I’ll look into creating an online shares account too. []
I did realise that Westpac does it too.

Im just interested in putting $500 in the company I work for at the moment, to get a feel for it first, I only want to…[Read more]

Meeting ?

Im a melbournite.. but when where is this meeting ?

Is it a public event etc ?[^]

Regards,
Arty.

[]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)

Wayne, many thanks for that!

I’ll check out the web sites.

I found that comsec needs you to start with $5,000 in there investment account.[xx(]

I just want to play with $1,000 for now.[^]

Regards,
Arty.

[]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)

I suppose too.. if you add value to the property (install ceiling fans, shower heat lamps, paint, etc…) then you can agree with the tenant to up the rent to cover the changes. Then in the end your property will increase in value with a better CG.

[]

Regards,
Arty.

[]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)

Milkman…

There is a course search field at TAFEs web site:
http://www.tafe.vic.gov.au/

(sorry for the formatting here, I just cut and pasted from the web page.)

[8D]

Real Estate for Agents’ Representatives
Description: The course provides the basic knowledge and skill required to work as an agents representative. This knowledge and skill…[Read more]

[]
I still want to be the jockey![]

..”Jumping from Jen to Pinky..”..[]

..HEY! whos the wheel barrow, we need someone to follow the horse and pick up droppings [xx(]

[^]

Regards,
Arty.

[]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)

Milkman.. I will post it.

Even its not the full licence, It would be good to know the steps from start to finish, and what legal documents are required for a property transaction…
[]

Regards,
Arty.

[]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)

Pinky LMAO!..[]

I ended up “FRYING” FLYS…

..ah.. I got to clean my puter screen now..[xx(]

Regards,
Arty.

[]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)

Terry,

If your passive income reaches your old salary eg. $70K pa. Would the banks take this into consideration when applying for a loan ?

It would be like your still earning income, just not doing a daily job to get it.
[8D]

Regards,
Arty.

[]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)

Terry,

If Agents need a full licence to operate an office. Why wouldnt Property Investors need one too ? Investors would buy/sell property, lease to tenants, do lease options/wraps, etc.

What additional powers would a fully licenced Agent be able to do ?
[?]

Regards,
Arty.

[]
“Why work to the age where you cant enjoy
what you have worked for…[Read more]

I’ll be looking for Property Tycoon!..
Sounds good.

Ive got all the sims games, and theme park, theme hospital..etc… love em!

[]

Regards,
Arty.

[]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)

Gordan.. thanks for that.
[]
If you find the property is worth looking into, and since its close to you. Feel free to invest in it yourself… I just found it scanning through the realestate web pages. So its up for grabs!.

“Just one of the many FREE property spotting services provided by your local forum participant.”
[]

Regards,
Arty.

[]
“Why…[Read more]

Finnie, I felt the same way, I went home read the book and babbled it all out to my wife, who was overwhelmed with information. She is now reading the book.. so soon we can both sit down and plan what we are going to do to invest in our future..

sometimes id bore myself, just babbling on.
[]

Regards,
Arty.

[]
“Why work to the age where you…[Read more]

Its ok Jay, the car is yours…. im hoping to hop on Jen, and go along for the ride..

knowing my luck, i’ll end up with the Thimble !
[]

Regards,
Arty.

[]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)

Im with you… im getting itchy feet and want to leave my IT job too!

But I havent got the replacement cash flow i need at the moment to support my lifestyle/family.

As a career, you could be your own Real Estate Agent, managing your IPs through a PM. And just adding to your assest with new IPs as you find them.

Steve did it!…[Read more]

Jen… LMAO![][]

“Monopoly Edition #254 – for Positive Cash Flow”

Also at random a fire breaks out on the board and unless your insured you loose it all !..[]

But if your going to be the horse …can I be the jockey!.. (oops wrong forum) []

Regards,
Arty.

[]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)

Suzie Quatro!!

.. i still like your old song “I love rock and roll….put another coin in the jukebox baby..” *just humming to myself..* [:0)][:0)]

Regards,
Arty.

[]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)

MM thanks for that.

$350 isnt much to pay, I’ll have a look around the TAFE web sites.

It would be worth knowing what all the legal stuff is all about, and contracts, etc..

[^]

Regards,
Arty.

[]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)

There is a user in here called “ez-rent”

Get the program from:

quote:EZ-Rent. The free tax and cashflow simulator for Australian property investors.
http://www.ez-rent.com

Regards,
Arty.

[]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)

Wouldnt this be classed as a “Lease Option” or a “Wrap”. Where the tenant is paying a lease to you, in the intent to buy. The leasee would be paying ~2% higher interest than the bank loan that you are managing.. etc….

As you can tell, i havent explored Wraps/Lease Agreements yet.. thats in the “when I have experience” in Buy and Holds, that…[Read more]