Repairs and maintenance are always a juggling exercise. I do not save for repairs though.

I have mostly positive cashflow properties. Some, which I have had for a while and have the loans paid off, now provide the extra money for maintenance. While interest rates are low, I have channelled quite a lot of money into good quality maintenance and…[Read more]

Wahoo Picklesam, congratulations! If you want to make it a better cashflow, you could put some cash into the loan to lessen the interest costs.[biggrin]

If you want to get out of a hole, first stop digging.

KP, Based on your figures, that is an 8.96% gross return. If you can get interest rates of 6.5% or thereabouts, it leaves just under 2.5% for agent fees, council rates, insurance, repairs & maintenance.

Not a bad return by any means in today’s market. Check if there is likely to be any more rent increases in the next few years, as you may need…[Read more]

Ha! Steve you have touched on my biggest secret. I got to where I am by my belief that God would see me right.[biggrin]

It can be tricky to decipher exactly what the Big Guy wants but I tend to go in the general direction and if all is well, I keep going in that direction in my investing. Any major hiccups to any deals, and I see it as a warning…[Read more]

SANF= Sleep At Night Factor.

If you want to get out of a hole, first stop digging.

Originally posted by kay henry:
Some people might be interested in this. It’s in Brisvegas, and stars the Reno Kings, Steve McKnight, Dale Gatherum-goss, Michael Yardney and some others

Even if you can’t go to it… I always find it interesting to see what Seminars are on and who is hanging with whom in the guru scene

https://www.propertyinvest…[Read more]

I do NOT set any targets to wealth. I have high aspirations but no set final goal.

Why? Because I don’t want to hamper myself with limits. Achieving milestones along the way is fun and satisfying but my nature will always want more.

I think investing is a bit like driving a car. So long as you are getting there at a reasonable speed in relative…[Read more]

Hello Peter,

Thank you very, very much for the insight into your personal life. I feel I should almost call you ‘Mr’ Spann or Your Worship but I am too cheeky for that.[biggrin]

I, having been raised on a farm, and leading a rather simple life, have never dreamed that life could be exciting as yours. It scares me a bit to think that there is so…[Read more]

I have sold a few to reduce debt and reduce my exposure to interest rates. Have another couple for sale but won’t sell unless I get my price or close to it.

On the other management side, I am keeping up the maintenance and doing bits of reno’s. Raising rents a little to offset rising council rates and perhaps future interest rates.

On the buying…[Read more]

I believe you can have as many cashflow one’s as your equity will allow. Trouble is, if you borrow right up till you have no more equity, how are you going to get any capital growth? You will then have to sit and wait patiently till the market in the mining town rises and you have more equity.

You also need to assess risk. Vacancies equal no…[Read more]

Point number 15 was the most pertinent, for me. My sister and I rarely talk anymore, but she is always sending me jokes from the net. So tonight, I rang her up and we talked for over an hour. Just as well I have a flat fee on my STD phone rates.

If you want to get out of a hole, first stop digging.

Originally posted by Perry:
Hi Peter my name is Perry , a Chemical engineer working for an oil and gas firm and this year I’m 24. I have read your fantastic book wealth magic a year ago and is now starting to implement your strategy or your way to wealth. At 24 I’m not a millionaire yet but I will get there. May I ask you what’s…[Read more]

Not only new apartment values can go down.

I bought my own PPOR and thought I’d gotten a bargain at 17% below asking price. This was for an older established house in a country town.

Unfortunately, shortly after, there had been a few mortgagee in possessions being processed in the area. The lenders were being extremely cautious in revaluing…[Read more]

Originally posted by Ablaz:
Peter
I’m reading your book ATM and its a great read so far.
just one thing i noticed though
page 93 under the heading Security there seems to be a missprint error, it jumps from the topic of security, to somthing about luke rushing out to a fashion parade.
is it just me am i loosing it?
or have i got this one…[Read more]

With weatherboard houses, you can paint them any colour you like and they come up a treat. Exception to the rule was the smartie who painted his weatherboard house jet black in a protest to the local council. It did not look good at all.

With today’s modern paints, they do last a lot longer than they used to so painting is not such a chore so…[Read more]

There is a detailed thread at http://www.somersoft.com/forums/showthread.php?p=53517#53517
A little light reading for you, it goes for 11 pages.
The tips on TV were around a dozen suggestions for how to change negative ip’s into positive one’s. Just a few different ideas you might not have considered before.
Cheers Brenda.

If you want to get out of a…[Read more]

Hehehe Jo, You can have my autograph as long as it’s not on the back of a negatively geared purchase contract.[]

If you want to get out of a hole, first stop digging.

Hi all, I have read every page of this thread and nowhere have I seen anyone think of what the seminar presenter has to sacrifice to do such a presentation.

Do you think the presenter just thinks “Hey, I think I’ll do a seminar today and make myself a heap of money.” Think again. There is months of planning, organisation, and rehearsals way…[Read more]

Reading all these great posts, I forgot what the question was. Was it how I got to where I am now?

I got here now by being in the right place at the right time and was willing to have a go. After reading lots of investment books and attending a few seminars, I formed my own strategy and jumped in boots’n’all. You never know till you have a…[Read more]

I haven’t finished reading the book yet. It is a thick one isn’t it? They tend to slow me down a bit.

So far, I am getting a theme of ‘velocity of money’ coming thru. Interestingly there was a comment from Robert that if the realestate market becomes too expensive and he cannot find a great deal, he will move his money into a hedge fund so that…[Read more]