You really have to do the sums on each individual case. As long as it’s cashflow positive it’s OK by me.

Make sure you take into account any possible fluctuation in your outgoings. Remember, the tenant won’t pay extra rent, but the electrics might break, the lease ends, interest rates rise etc.

So long as you’ve got a built-in safety factor…[Read more]

Hey Monster, you just beat me to the punch. My screen flickered while I was typing and I thought someone must have gotten in before me…[8D]

One BIG error in your calculations. []
You have to divide the weekly rent by 2 prior to multiplying by 1000.

Therefore.
$351 per week / 2 = $175
$175 x 1000 = $175,000

Doesn’t actually fit 11 second solution. [] But don’t automatically write it off. Look at other options. Also remember, that the calculations are on the price the vendor wants…[Read more]

Hey Pinky…… Rugby World Cup.

Utt Ohhh. Lots more footy to come.[]

Enjoy the coming weeks[]

I have only two words for you.

EQUITY MATE!! – said with appropriate accent.
(thanks to CBA)

So true wayneL.
I had that in my initial post, but somehow deleted it[]

I’m sure overseas investing isn’t as simplistic as it might initially sound. Although I’d be happy to be proven wrong…. might even encourage me to get involved.[]

So Pinky you get to see Arty’s tats!!!! Do tell…….

Investing overseas is certainly an attractive option, especially with the difficulty in finding quality positive cashflow properties. There must be plenty of issues that you HAVE to be aware of though. For example, Argentina is not just in a property recession, the whole country is in chaos…. Also, Argentina is reknowned for it’s volatile…[Read more]

Jasonv,

Do you have any idea of WHERE in Brisbane your friend has found positive cashflow…. None of the properties I have looked at have come anywhere near it. Being a Brisbane-boy myself I’m very curious[?]

Ahhh, Rugby……… Go the WALLABIES!![]

I have seen some Commercial Property which easily accounts for the 11 second solution. Another great aspect to Commercial Property, as Steve describes in his book, is that the outgoings are frequently paid for by the tenant.[]

Unfortunately, I’m still too poor in absolute terms to afford the deposit. Most of the truly lucrative deals (i.e. 30%+…[Read more]

Further to the initial thread……
What sort of numbers do you think of when you hear “spotters fee”??? Are you talking flat amounts or percentages?

At present listening to the Warriors vs Panthers on the TV. Go Penrith!!

Doesn’t it hurt like hell???? Never EVER thought about it simply because I think, actually I’m sure, I’m allergic to pain…… More power to you though.

A shameless quote “The world is never enough”.

Another, “Greed is good” courtesy of Gordon Gecko Wall Street.

What the???

Was it meant to be a GF??? Nobody told Collingwood…..

Just kidding (all you ‘pies fans out there), they were simply outclassed on the day.

Great going poor student…… I actually bought my first property whilst a full-time student with the help of my parents. If they can help you or co-sign the mortgage you could certainly jump into the market.

By the way, GREAT job with finding the properties in the first place. It’s getting harder and harder….. I’ve been looking solidly for…[Read more]

I have to agree. I bought my own residential unit before the boom here in Brisbane and it has appreciated ~50% in the last 2 years. []

I can’t seem to find anything locally (5km from city centre) that comes close to the 11sec solution. []

I’ll keep looking though…. who knows. []

Fantastic effort from the Brissie boys!! I was lucky enough to watch the game this afternoon with a group of mates and a wonderful NEC Projector (3.5m picture).

Well deserved victory. What about a 4peat…….