I am still buying real estate this calendar year but at a vastly reduced rate. Only one so far this year and even for that one I am still waiting for finance to be approved next week.

Return will only be 6% gross yield and that is only because the rent goes up just as I take ownership next month. Good block in a great position in a still capital…[Read more]

Originally posted by flash:
misty 1 had some good advice
as i am a painter i would recomend dulux,best quality grade
choose wash and wear as most durable
good luck

I just got the whole interior of my ip painted for just over $1000!

My tenant works for Dulux paints and could get it for a discount. He offered to paint the house he is renting from…[Read more]

I once went to a reno’d property which had previously had a cracked driveway (patio area actually). The owner had gotten a grinder and ground off the uneven sticking up bits, and then used a heap of that cheap no more gaps sealer to seal up the cracks. He had then simply painted the area with an appropriate paving paint. It didn’t look too…[Read more]

Fibro houses are usually priced lower in the market as it is not an attractive look. It is not a first choice for many investors are it is prone to tenants knocking holes in it, even by accident, say with a cricket ball or car door.

You should bargain them down to as cheap as you can get and investigate the costs involved with getting the home…[Read more]

$30 million per annum would be just about enough I reckon.

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

Hi Rebecca, Are you talking of the Property Masters seminar in Brisbane in May?

I will be at the seminar then, so I will see you there!

Cheers Brenda.

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

I can see there must be lots of people who just need an ego buildup, some financial education and a little push to get them going.

However, I am not keen on the method used to go about it. Three or four hours of sleep every night for a week? At the end of that you would say or do anything wouldn’t you?

Wasn’t ‘sleep deprivation’ some form of…[Read more]

Capital Growth is absolutely wonderful and if it was constantly sustainable would be the way to go. It can though stagnate for years after a boom.

Also, if you have one ip in the middle of Sydney, the rent is unlikely to be able to help you pay off any debt or even meet the interest repayments.

Therefore, you are going to have to stay in your…[Read more]

I actually live in a country area. I have long suspected, the real estate agent deliberately lists at 20% above what the vendor actually wants.

Most locals know this and offer substantially less than the listed price.

Trouble is, outside buyers do not know this and are willing to pay the listed price as it is cheaper than the nearest city areas…[Read more]

I haven’t read the Personal investor issue with Trish yet.

I think I understand her logic though. I look at things a little differently.

If my property has say an 8% yield when I first purchased it and the rent goes up to become a 9% yield, I really don’t worry too much about it except that all the bills then get paid from the rents, instead of…[Read more]

Being a recent logger to this forum, I have quite enjoyed the happy, and friendly atmosphere.

Sure, some threads are a bit short, but in amongst it all, I have found some absolute gems.

I think the casual, fun attitude serves a good purpose, to get everyone chatting; be it a newbie who is only toying with the idea of property investing, or a…[Read more]

Celivia, phone up API to subscribe and ask that your subscription start from that last Feb/Mar issue. It will save you postage charges on backordering it separate from the subscription.

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

Crikey! I thought my $100 deposits were low enough. With $50 deposits I could buy twice as many. Thanks elves[inlove]

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

Property Investing is maddening slow at the start. Educate yourself so that when investing starts to get easier and you can see great deals all over the place, you are ready to keep pushing the envelope and really expand your investing more quickly.

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

If you check on the inside cover, Lane is now the publisher of API magazine. I have all issues from the very first one. I think the original price was only $5.95 then. Now it’s something like $8.95 but on subscription you usually get a discount and you receive it earlier than the newsagents.

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

Hi all, everyone who bought the API mag knows my secrets but for those who missed it.
1. Portfolio gross $3,000,000.
2. Net $1,750,000.
3. 22 houses plus own home
4. bought first house in 1998.
5. secret- build the portfolio and try not to spend too much money on holidays, cars, clothes, etc at the start. You get all that later.[biggrin]

Cheers…[Read more]

Does the airconditioning have to be of the expensive ducted type? In my own home, I had an LG airconditioner installed; the window type. Cost was less than $1000.

Had it have been for an ip, that amount would have been put into a ‘low value pool’ and within a few short years, I would have my money back without having to increase the rent.

If you…[Read more]

Originally posted by daaj10242:
In the latest property Investor magazine their is a lady with 20+ properties mostly in one suburb.
Dom[specool]

Actually, if you are talking about me, half the houses are 30km’s from Brisbane CBD and the other half are 300km’s from Brisbane CBD.

The first half were bought for capital growth, (some have since…[Read more]

Crickey, Chan! Your rent actually went backwards?[crying]

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

VIP’s attitude sounds similar to an email I recieved as a result of my last appearance on A Current Affair, as a property investing mum.

This person said I was a sponge on society and did nothing to contribute to the betterment of mankind like being a doctor or a school teacher, etc.[glum]

I spent quite a bit of time, “cooling off”, before I…[Read more]