Hi All,
First car was a VW Beetle because my father thought it was a safe car absolute rubbish and those people who have driven one would know what I mean. Current cars EL falcon 97 station wagon gas doesnt miss a beat 2 nd car EL Fairlane 97 just as good.Martin[biggrin]

There are 3 types of people:1. People who make things happen.
2. People who…[Read more]

Hi Celivia,
I too hope things turn out right its a big step. But one thing I can be gateful for is that my wife and I started out in this property investing cycle approximately 11 years ago after being university students paying other peoples rent. We were totally into this negative gearing thing which at the time was in. After reading books and…[Read more]

Hi Liz,
I dont have the Defence House any more I decided to sell as the market was continuing to go up. I think I made approx $75000 profit on it in just over a year. As mentioned before I purchased the property off a real estate agent not through Defence Housing. Defence Housing value the property in regards to rents yearly and just before I sold…[Read more]

Hi Maria,
If you purchase a property for $225000 this is how I calculate whether or not to continue.
Purchase $225000 plus set up costs of approx $7000= $232000
7% interest only repayments = $312 pw.
Rates $25 pw.
Body Corp= $50 pw
Ins = $14 pw
Grand Total $401 pw best case scenerio ie no repairs interst rates going up etc.
Rent received $275…[Read more]

Hi Tina,
It sounds as if you are getting the idea.There is no wrong way or right way to invest in property everyone has their own style. Some people mix it up, some people stay with the same plan. As long as you are well researched and have thought things through and are comfortable with the course you are about to undertake go with it.Another…[Read more]

Hi Daaussie,
he properties I have sold have risen a great deal in capital growth but not so much in rental, most of them were costing me money each week to service them. Now I have cash in the pocket debt has been reduced considerably and I’m in the strongest position I have been in years to purcase property. The property I have kept is either…[Read more]

Hi Jenny,
Must agree with Junkers, all we did was paint over it with 3 in 1 and painted it a light colour it came up well.Good Luck with whatever you decide to do.

There are 3 types of people:1. People who make things happen.
2. People who watch what happens.
3. People who wandered what happened.

Hi Del,
Good Luck with the new project.Is this your first development?[biggrin]

Martin

Hi Tina,
Hope you are still reading this thread,the last 2 entries are from people who know and have been in the game (Mini and Don and Liz)they wont sugar coat it they will tell you how it is, these are the type of people you will benefit from.As you continue to be part of the forum you will recognise the people who have something to offer and…[Read more]

Hi,
Back again,agree with Marc 100%. My father used to tell me that there were 3 types of people in this world :1.People who made things happen.
2.People who watched things happen.
3.People who wondered what happened.
Good Luck. Martin[biggrin]

Martin

Hi Westan,
I agree, stopped buying in Australia 2 years ago and have reduced property portfolio by 5 houses/units in past 24 months to reduce debt and look at other markets. Thats not to say if a good deal comes up in Australia that I wouldnt have a go at it, its just that its harder now to find good deals.Martin

Martin

Hi Tina,
Congradulations having 5 properties at the age of 24, magnificent. My wife and I started investing at about that age and we certainly didnt have that many houses. One question I must ask you is how much equity have you got? Did you purchase all of the properties over 1 year or over several years? Where are the properties located? What is…[Read more]

Go Lions[biggrin]

Martin

Hello all,
Unfortunately Guzzi hasnt replied,have sent PM.

Martin

Dear Johnny,
Markets go up and down, thats a fact. The important thing to do is ensure your not overly exposed ie that your loan to value ratio is in good check, that you can afford an interest rate rise of 2%-3%, you properties are in a well located position, attractive to tenants, you have some cash reserves. If you are not on top of all these…[Read more]

Scared of what?Guzzi[blink][blink]

Martin

Hi O’Sienna,
Lots of people were investing even when interest rates were at 10%Could you please tell me why you think that the property market would collapse if interest rates rose to 10%Thanks[biggrin]

Martin

Hi Techhowse,
Get your degree, get a job continue to research property. Banks are more readily to finance a person that has a job than if you walk in and say give me money I’m an investor.Hecs is not such a great big deal, you have plenty of time. Most of the investors I hope started because of their love for property and finding great deals, most…[Read more]

Hi Mini-Mogul,
Sorry Ididnt understand what you were saying in Maori can you please translate? One of the things that I do miss about New Zealand is the great food in particular going to a Hangi(Hope I spelt that right)best food.Hi Kiwi-Fulla like the reply must remeber to use it some time.Last visited North Island approx 7 years ago must say the…[Read more]

Hi Damian and Tam,
I was lucky enough to start investing 9 years ago and have since purchased a number of properties. First I started in my home town, as deals became rarer I looked to various parts of QLD, now I am looking overseas wheter it be USA or NZ. It is very difficult at present (in my opinion) to find cash flow positive property with…[Read more]