Howdy

The site is working now and as such I’ve been able to download a copy of the software [] Here are my initial impressions/comments:

* I like the way the task list pops up at the start as a reminder for what needs to be done. When selecting a printable version though there are little boxes on the right side of the page which appear. I…[Read more]

Howdy,

Think something might be wrong with your site. I received a “This page could not be displayed.” message.

Regards,
Brett []

“Even if you’re on the right track you’ll get run over if you just sit there.”

Hi Gavan,

You mentioned you dont want to be millionaires, but want to build up a portfolio of cashflow properties – approximately how many are you looking to acquire by when? The reason I ask is because when it comes to financing your deposit, if you are not looking to acquire several properties over a short amount of time, then either saving up…[Read more]

“Fortune favours the brave.”

Regards,
Brett []

“Even if you’re on the right track you’ll get run over if you just sit there.”

Hi Gaven,

When you say loan structure, are you referring to Variable vs Fixed Interest rate, Interest only bs P&I etc?

Regards,
Brett []

“Even if you’re on the right track you’ll get run over if you just sit there.”

Hi Quentin,

Interesting assessment thats for sure []

About 8 months ago a good friend of mine gave me the book “Rich Kid, Smart Kid” written by Robert K. For those who havent read the book, its general aim is towards educating your children about money and trying to give them a head start in life by teaching them sound financial…[Read more]

quote:
I am a strong believer in having control over one’s finances, but you won’t need to budget at all if you have a tough mindset of ‘just saying NO’ unless there are overwhelming benefits.

I disagree with this. Although I’ve only recently finished putting together a budget for the first time, I think that budgeting is more about understanding…[Read more]

Hi Dan,

The domain is http://www.grafx.net.au

There isnt much there besides a splash page, I just use it as a dumping ground for files etc but would be more than happy to have it used to help WA investors in whatever way

Regards,
Brett

Wow!

It’s great to see such a wide range of people willing to band together to ideas and resources in the Perth property market []

Dan thanks for the email re: Action group I will reply to that shortly, but what I wanted to add was that I have a personal domain and web server space to contribute to help out with organising some things online. Im…[Read more]

Heya Guys

Some of my picks are below. I also missed the article on ACA regarding Perth.

Belmont – Excellent amenities and is close to the city and river

Currumbine – Good family homes relatively underpriced

Doubleview – Affordable established oceanside suburbs with a variety of property types

Mindarie – Good lifestyle infrastructure and near…[Read more]

Hi Dan

Interesting idea []

I certainly think that there are opportunities to be had by pooling ideas/resources/information and I am quite open to doing such. As I have touched on in previous posts, my own position is that I’m 22, completing a final semeseter at University. I don’t have any properties at the moment (only came to fully appreciate…[Read more]

Hi Dan

Im also in WA. My best friend’s father runs a small business called Advanced Taxation Consultants in the Floreat/Churchlands area which you can reach on 93878000. They guy you are after is Ken Tatam, although he is currently away in Singapore at the moment and is due back Friday afternoon. He is an absolute JET when it comes to tax…[Read more]

Heya Sooshie []

Im going to be using the time to continue my research into the area of property investments, understanding buying and selling processes, dealing with banks, forming my financial team, keeping abreast of property trends and news here in Perth, as well as improving/developing my system for finding good deals so that when I am a…[Read more]

Thanks for the great info Steve []

Anyone else on the forum want to give their insights how they are ‘getting bigger faster’ or how they intend to?

Regards,
Brett

Hi Bruce

I’m still in the process of doing my research but the question of wrapping in WA was raised in a previous thread in this forum, regarding wether or not you needed a Credit Provider’s License to do it..

quote:
Your exact question was raised in the first WA Vendor Finance Association Meeting held last week.

The answer is ambiguous in…

[Read more]

Hi Paul

I’m also in Perth. The best starting point I can give you for learning about ‘Wraps’ is https://www.propertyinvesting.com/files/content.asp?cid=wrapintro

Steve goes through the process in a very easy and understandable manner. Wraps are one of the many different strategies which you can use when it comes to positvely geared properties.…[Read more]

Hi Nick

I’m in a similiar situation myself in that I’ll be spending a lot of my summer holidays continuing my research into property investments and start taking some action. With regards to the issue of Property Management, if you would prefer to manage your own properties to begin with in order to save the extra dollars, my advice would be to…[Read more]

Hi Peter

Unless someone will physically take you to a good cashflow (or capital growth) property and say “buy this one” your best first step is to start planning. I used to prefer just jumping straight into things but Im finding out each day how important planning is when it comes to property. If you want to start in investing first decide what…[Read more]

Hi Christine

I can only echo AD’s advice on having goals. It doesn’t matter how ‘grand’ they may or may not be, its important to have some kind of idea with where you are trying to go with your investments so spend a little time deciding that first. []

Ideally with your $60K as mentioned you want to get as much leverage as you can with that…[Read more]

Welcome []

Just quickly so my understanding is correct, when you say you have a positive cashflow of 0.5%, Im assuming that to be $5,500 a year ($1.1mil x 0.5%) if I’ve got that mixed up just let me know.

As to how you are doing, unfortunately I dont think we could really give you an appropriate answer, and its not because we dont want too []…[Read more]