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The only problem with Mt Isa is that it is a one industry town if the mine shuts down the place would become a ghost town. Regards Beanie
Boyne Island 20 minutes south of Gladstone the Engineering Construction capital of Australia at the moment. Regards Beanie
Hi learn and share we would be more than happy to help you out. Send through an email any time you like we are going on holidays for a week but will be back next weekend. Regards Beanie
My wife and i are always looking to buy no matter what the market is doing.We work on the basis that if the figures work we buy.As we are in the market for the long term we know that any price corrections will sort themselves over time.We alos work on the theory that you can always make some more money if you make a mistake and lose but you can never get the time back that you spend waiting for “The right time to buy”.
Regards BeanieDino i live in Gladstone and have worked in construction for the last 15 years.I would have to agree with you about the probability of a short term glut on the market at the end of the construction phase.As for the effect of Aldoga being built on Rockhampton i fail to see how it will affect prices there at all as it is a good 1.5 hours drive from Gladstone people up here think their throats have been cut if they have to travel 20 minutes to work let alone 1.5 hrs . Also Aldoga is still no guarantee to go ahead i drive past the site regularly and very little work is actually happening there it would’t surprise me if it becomes another AMC.However i still wouldn’t write Rockhampton off as a place to invest I just wouldn’t be counting on Aldoga having any sort of an impact on prices there.Regards Beanie
Pushpa after to listening to Steve’s fast track tape here’s how i would handle your situation.
1.Cut you losses pay the tennant $500.00 to move out but you keep the bond,let him become someone elses problem.
2.Sack your property manager.
3.Learn the lesson you have been given find a property manager who does a proper due diligence checks and who will manage the property properly. (Steve’s buyer beware pack is also worth looking at in regards to finding a rental manager and due diligence)Regards Beanie.Hi Philippa all i can say is keep on trying things will go your way eventually.There will always be more opportunities come along so don’t worry about the ones you think have passed you by just focus on finding another one.When real estate agents ask what your occupations are tell them you are fulltime real estate investors!!!!!
Anyone that has achieved what you and your partner have under your circumstances are definately not losers. Hope all goes well for you both. Regards Adam and Beck.Haven’t been to the seminar however i do know that Paul Hanna who wrote “you can do it” is taking legal action action against these two for misrepresentation and advises you on his site that he is in no way involved with them. Hope this helps.Beanie
In resonse to Badgers comments above do you not realise that if interest rates go up that vancany rates go down and rents go up as people that cant afford the higher interest payments have to sell, but still have to live somewhere which usually means renting. The people that will have a tough time when interest rates go up are those who are heavily negatively geared!!! Those that are positively geared should be in the position to pick up bargain priced properties caused by the reversal of supply and demand.
Robert Kiyosaki once asked his rich dad what is the best advice you can give the average investor his advice was dont be average.
I’m based in Gladstone and everything has basically jumped 50 to 100% in the last 18 months Rockhampton is experiencing the same thing at the moment.
