Hi HotRod

I understand what you mean about seminars in general. Perhaps these observations might help you decide.

I have studied extensively and have expertise in a number of fields. I have noticed that I usually can still learn even from those who are not as expert- either there’s something I missed along the way or others see things in a…[Read more]

Whether you have a home with equity or not, there is nothing untoward about financing an income producing activity such as property investing and claiming the interest on it as a tax deduction.

there is also nothing wrong with using income to pay off a home loan

What I think you do need to be careful of is artificially creating or increasing tax…[Read more]

Hi Wilandel

I think the budget will have little effect on property- there were no nasty surprises and no major incentives either.

Cheers

Hi Ibuycashflow

This is a kind of combination inspired by the previous posts. If you called it “Lamb Surprise” and put together a top lamb “secret” recipe that was absolutely delicious and could only be obtained at your place. you have
1) exclusivity
2) sublety
3) the home cooked meal feel
4) plenty of scope for logo’s showing surprised lambs

Cheers

Hi AussieXJ

The Australian Financial Planning Association can be found at http://www.fpa.asn.au
They have several articles that may be helpful including
http://www.fpa.asn.au/images/userimages/services/sixsteps.pdf

hi Landt64

It’s obviously a risk you need to weigh up and more information would help ie a further or different type of inspection.
If you do decide to go ahead it would be a very good bargaining point to reduce the price eg look mr vendor i’ll pay your price if you get all the termite damage fixed. More than likely they would reduce the price…[Read more]

Just a little note about a comment in the original post i.e.that tax cuts are likely to put upward pressure on interest rates.

I’m currently highly geared and paying around 6.7%pa interest. I do my calculations on a scenario of 9% i.e. only deals that I could still comfortably service at 9%.

I’m interested in others views ie what percent chance…[Read more]

Hi 2gurus

The latest Derivex-from Derivex is at

http://www.derivex.com.au/company/updates.htm

Cheers

I understand Steve’s Accountant is looking for more business-I will advise him of your post
Cheers

Hi Leanne

There have been some properties sold through this forum I believe-if you provide some brief details (and if Shelly doesn’t get it first)there are plenty of people here interested in +ve cash flow property-myself included.

Cheers
Battleships

Hi Clay

I haven’t used a removal home myself but my parents have very successfully- HOWEVER-it was their PPOR and they put in a lot of work. Perhaps you could use someone else’s elbow grease- you’d have to price it in though. HMMM or swap it for rent.
Cheers

Hi Clay

I would have thought removal homes would be feasible. There are a few three bedders under $60K at http://www.drakehomes.com.au/removal/stock.htm.
I used $60K to allow about 50% extra for costs. This would give you $90K all up. If you’re doing more than one you have a strong negotiating position as well.
Cheers

If you want to get some idea of what the coaching may be like then I suggest you get hold of one of the tape sets of his seminars. These are much more cost effective ie I paid about $500 for the tapes of a $5000 3day Sydney seminar and I think the price for that one now is about $200. The Australian site that distributes here is…[Read more]

Hi Gary

Without detail it is a bit hard to advise, however, the old fashioned way that could work quite well is to have the property finances completely separate and pay out your personal debt from personal income- even if that means negotiating a payment schedule with each of the creditors. Chapter 9″ The Clay tablets from Babylon” in the book “…[Read more]

Hi Rhett

Seems to me there are two considerations
1) the legal impact eg are you bound if you dont put an expiry, and your offer eventually gets accepted- maybe when you have moved on and don’t want to buy anymore: and

2) the negotiating impact.

I would say for 1) you should obtain a proper legal opinion and get them to draft the clause: and…[Read more]

Hi MJA

I was at the masterclass as well. I think the bedroom thing is more a useful rule of thumb than a precise $ per bedroom formula. I’ve noticed also that the premiun for an extra bedroom is different in different markets even comparing just the standard 2 bed and 3 bed varieties. Rolf de Roos in one of his books talks about adding a bedroom…[Read more]

Hi Zeallous

You can also get auction clearance rates emailed to you free from places like Home Price Guide Newsletter http://www.homepriceguide.com.au

Subscribing to local newspapers can give you some insight

In QLD the dept local govt and planning has some good info but I’m not sure if there is an equivalent in other states.

Australian Bureau of…[Read more]

Hi Psyduck

I would start by working out what you want eg term, fixed interest period, flexibility to make extra repayments. The better informed you arte about what you want the more likely you are to find a mortgage that suits your needs. There is also a magazine called Your Mortgage that might be a good starting point.
[drummer]

Hi Borginvestor

In my experience it is almost impossible to get an unbiased rent appraisal- even if it is in writing from another agent. I think the best insight you can get is to put yourself in the shoes of a tennant and see how much you would have to pay to rent a similar unit in the area.

Without knowing the area but as a general comment for…[Read more]

Hi Kanga

One of the ways that I check out an area is using local newspapers. Here is a link to one that covers the Albert Shire( where Eagleby is)http://www.questnews.com.au/al/profile.html

Hope it helps
[bigeyes]