It’s a great map finder,it even shows the distances and all the roads from A to B. A very handy website to keep in the favourites, I use it all the time to look up remote areas that I am not sure on. If it can’t find the area you can email them and they will get back to you on how to get there, now that’s service []
u said property in thse areas are selling before being listed. How do those buyers find out baout them ? Is there a way to know about these deals before they are listed?
I have been advised by other investors to ring on Mondays for Deals that have fallen through from the weekend and ring on wednesdays before the properties are published and then again on Fridays just before the weekend rush.
It could mean a few things:-
For the investor: Having – ‘Good Debt verses Bad Debt’, and on the other end of the scale making sure that the person on the receiving end don’t get ripped off!
Richmond – I’m with you, we want out of the rat race and into freedom………
aussierogue – I don’t believe that there could ever be to many investors and not enough workers as most people don’t want to step out of their comfort zones, they are happy to go to work and ‘work for money’ even when they moan and groan about it, it’s safe to them, they couldn’t bear the thought of taking risks and buying extra houses. It takes alot of courage to invest in anything that is different from the norm….. I have been reading Robert kiyosaki’s Book ‘Rich Dad Poor Dad’ and apart from thoroughly injoying it, he makes alot of sense when referring to two sorts of people, the people who want to live in the ‘Rat Race’ and those that choose not to…..
Hi All
I’m Becky, 32 and have wanted to start investing in IP’s for years with my partner Gordon who is 35, no kids yet and one Cat (aka fluffy head:-) we signed up for the seminar and had a ball! We haven’t bought an IP yet but do have a PPOR with heaps of equity. It’s great to hear about all of you and what you do. We met a few of you from the forum when we went to the seminar but weren’t familiar with all the names until after the seminar. We live in Ferntree Gully, I am a secretary and Gordon owns his own computer shop. We can’t wait to get out of the rat race and join the 5% that can fund our own retirement and help others in the process. I have been watching this forum since Feb and can’t believe that I missed this discussion until now! I must say that this forum has some very supportive and generous people, keep up the good work everyone and hopefully we will see some of you at the Wrap seminar in mid July.
From the research that i have been doing, I have learned that if large department stores or fast food companies operate within a town then they have done the due dillegence on the population numbers. These big companies put alot of effort into the research before committing to building in regional towns. You can get this information off the internet as the large companies have generic website e.g http://www.mcdonalds.com.au. most of them have a section on store locations.
Some other things to look for would be power stations, mining towns or universities…. Hospitals are definately a good indicator
I have lived near Bayswater and Croydon for about 30 years and is about an hours drive from the city. I would agree with bjajcr for Croydon, it has gone from an average suburb to a well sort after suburb and the prices have gone through the roof in the last year, be aware that some houses are not worth what people expect for them, always make sure that you go and have a look before you buy as some of the house will be quite old. The Bayswater area is just around the corner about 5 mins from Croydon and half of it is industrial but the other half seems to be heading more towards units and flats.
As for Greensborough – it is about an hours drive away from Croydon. I don’t know much about it, it seems to be one of those quiet suburbs, maybe someone on the forum can comment.
As for Mulgrave it also has quite alot of Industrial estates for Big Businesses and is about 30mins drive by the Freeway from the City, it’s quite an old suburb and I don’t believe there has been much new development, it is close to the freeway and about 20mins to Chadstone shopping Centre (that’s a big Shopping centre).
As for Hallam it’s about 1-20mins drive from the city and about 40mins to 1 hour from Croydon. It is one of those suburbs that nothng happened for years and then all of a sudden new development started to pop up in and around the area therefore the land prices have been going up steadily. Hallam is near to suburbs like Berwick with used to be no where but,it is now one of the suburbs to live and is very expensive to live.
As for Crime, I personally choose not to buy to close to train stations as I have experienced more problems with crime closer to train stations e.g. within walking distance….That’s my personal opinion.
But this does go against a decision to buy an investment property as you want to buy them closer to all amenities for convience.
I would love to play Cashflow the game and I am in Melbourne, I have also noticed that aussierogue has posted a comment about also wanting to play in Melbourne.
Please email me if you would like to get together and have a game. [email protected]
I have been thinking of buying Cashflow the game and was wondering if you purchased it in Melbourne or did you buy in over the net on Rich Dad’s website?
If I am correct it costs around $345 AUS.
I hope you guys in NSW have a great game! It also sounds like a great way to get together and bounce ideas off each other. []
Thanks for the info.
When I was contacted over the phone by these people I asked if it was negative gearing, they said there was a bit but seemed to be evasive.
I have enjoyed writing in a journal as it has kept me in check with how I have been progressing. As a newbie to investing and haven’t bought an IP yet, I have found that it has helped me to do something everyday towards investing. From all of this info gathering I feel that I have learnt alot in a short time! all becuase I am writing in a journal everyday. I go over what I have written at least weekly to see what I was going to do and what I still need to do. My first couple of days and on the weekends seem to be alot longer than week nights
‘The Game’ was my first experience to any sort of investing, period! I am a mathodical person and realised from the very beginning that we needed a plan, so we sorted out our requirements and luckily for us we had some experience on the table. Off we all went like little squirrels gathering our info, and we even bought 2 houses and I was one of those purchasers, I was on such a high!! [] and then when the fire call came over we were next to see Bruce for Finance so at first we bummed out and went outside, and then realized we can grabb Bruce as soon as he comes out so we did and got both houses financed out in the rain. We made a positive with a negitive situation.
Think outside the square!!!
We would love to be involved in more “Game playing”, count us in!!