Forum Replies Created
birds of a feather flock together.
have a look in your local newsagent they have sale
contracts already done up.advertize in local paper or internet site and your off and running.go to a local signwriter to do you up cheaper sign too.im doing the same.good luck.i am reading richard bransons virgin book. brillant.
he was always borrowing to expand and always found a way. family,friends, j/ventures,different banks,networking.
your equity still may increase over the new year.
i know this is no solution .
check the book out certainly not conservative like yourself.cheers.never have i been offered any incentives in my ten years of renting. even when i was young and rebellious and always late with the rent.
in my case i have the chance to purchase a p/cflow
property. the property manager said the current tenants
are two weeks behind on their rent but always catch up
with a little pushing.they keep the place clean and seem o.k.on a small wage i cant let the repayments get behind.
so if i take the risk do i offer some incentive to snap them into line.they have just signed new lease too.i have worked out that the profit would be around $2000p/a.i dont think the area will recieve much capital gains. i think vendor is keen to sell so i could offer less than asking price and make a bigger c/flow.??scary for me but exciting too.
b/boy.thanks for the words of encouragement…
thanks for the tips..
just rememember water is becoming a preciuos resource.
u can now do dry washes i dont know what is involved.
could be the future .less overheads too.thanks uran
the tenant is the key to a successful investment/business im sure more people on this forum can get the creative juices flowing on tenant incentives.
early payment with $10 reduction sounds o.k .
10x$52=520 u could also offer 2 week free rent at the end of each lease agreement.unfortunately $520 could be most of lnvestors profit.this with unexpected maintenance fees can ruin ya little profit.
trying to think outside the box on new incentive ideas.cheeeeers.u could build granny flat out back also refinance to interest only loan with tax deductions u might scrape in.
thanks for the advice.
hi matt .sounds like u might have a mentor in grand dad .
Quote:good question.i think i would buy a block of land under market value. then build a 4×2 cheapie on it. as long as u can service the loan whilst building and renting somewhere to live. i reckon u could create some equity to start investing.but remember when real estate goes gloomy there will be plenty of c/flow properties everywhere to take advantage of. im hunting for more equity so i am ready for when prices drop to buy c/flow houses.thats what i love about this game creative thinking.cheersi never forget what robert kiyosaki quotes.see the invisible, create your own asset.i love watching what the local developers do around town always creating. they seem to be on a different level like inside trading.creating units or commercial proprty u at least build it for cost price and can on sell from there.cheers
hi kyl. here is my e mail address [email protected]. thanks for the advice guys.
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hi nath get in there and have a go yourself investing is your mentor.
bought land for 77grand and sold for 97grand within 8 weeks .(flip sale)august. purchased block for 116 grand in october now approx 135 grand . i have just extended the settlement and am ready to flip sale it in feb.also have ppr with equity ready to go for an ip .would u believe i dont own a car.i have learnt so much about my local area by riding that i have only ever bought locally.happy to flip sale good way to make money with no capital.constant searching and due dilligence seem to be the keys to success.
Quote:hi mini.there is a tape out by dr wallach called dead doctors dont lie.brillant tape . did u know the average life of a doctor in america is 54 years of age.i also take minerals and supplements i now have more energy than ever. the reason why i mention this i think to many investors are unhealthy.investment decisions come easier with a healthy mind.dr wallach believes that the natural health industry is going to be bigger than the .com.era.i think rivkin needs a little help in this area.cheersQuote:hi scott i live in margaret river w.a .living here i also am having troubles finding good advice from accontants and will have to try perth.my personal accontant is very conservative. i have surprised him with some of my investments.i am certanly interested in the investment group that meet in nedlands. unfortunatly none of my friends and family are not interested in property investing.i cant work out why people shut off to investing its the only way to get ahead.anyone know much about northam w.a i hear rentals are in demand and cheap enough to buy for +cashflow.cheersQuote:hi gucci i bought the block in margaret river w.a this place is going nuts land prices have doubled over the past 2 years. i am in the process of doing another flip.land prices seem to peaking so i may even build and sell it as ppr.prices here are to high for p/cashflow but great for capital gains.later
