For the person who asked; no, I didn’t inherit the four properties. I bought one, negatively geared as per Jan Somer’s model back in 1985. This built up equity over the next five or six years to the stage I could buy another property without any deposit… I used the equity in the existing property and bought another one without any additional…[Read more]

Hi,

I learned a thing or two from Steve’s book and have used it to set up a service whereby I can refer you to sources of positive cashflow properties in Australia. Some of these properties are more positve cashflow in the Margaret Lomas style (i.e. taking depreciation into account), are in areas expecting good growth and are available right…[Read more]

Hi,

I learned a thing or two from Steve’s book and have used it to set up a service whereby I can refer you to sources of positive cashflow properties in Australia. Some of these properties are more positve cashflow in the Margaret Lomas style (i.e. taking depreciation into account), are in areas expecting good growth and are available right…[Read more]

Yes, and it is very poorly written. I have shown it to other educated people and no-one has yet been able to understand it properly. I tried to contact Chris on multiple occassions and although his staff took messages, I never got a response to my queries…. very poor customer service when you compare that to the level of support given by Steve…[Read more]

Hi,

I learned a thing or two from Steve’s book and have used it to set up a service whereby I can refer you to sources of positive cashflow properties in Australia. Some of these properties are more positve cashflow in the Margaret Lomas style (i.e. taking depreciation into account), are in areas expecting good growth and are available right…[Read more]

Not quite Rugbyfan…. I am a renter, but I do hold four investment properties (and oh how I wish I had more).[biggrin]

Does that mean then that any +ve cash flow property you buy without having to find any additional money is a good deal? Any extra money coming in in that case would be an infinite return on $0.

But what if you redrew everything against existing equity in other properties? That means you have bought a property using no additional cash…. but at the same time, some of the equity may have actually come into existance through repayments on a P&I loan. How then do you evaluate whether or not the property is a good buy? Maybe CoCR has its…[Read more]