From my understanding, it goes something like this….
In whos name is on the loan papers.
Usually you borrow the money and gift it to the trust.This is why trusts mean nothing to the banks.They can claim everything,regardless of trusts or companies titles.
So your answer is the people who loan you the cash own the “goods”.
bruham.

G’day W.C.,
I think I better call you Dematio.
Thanks for your comment. Yes, all those suburbs values are falling. Very slowly.
I’m now in no hurry to buy. But I’m still keen on Quakers Hill.
The only thing that might be a draw back is the sewerage treatment works.
On hot summers nights that aroma permeates far and wide.
So that’s the only worry…[Read more]

When I first started buying property, this broker said what the hell do you hope to achieve, buying willy nilly all over the place?
Buy the best property that you can afford, improve on it, then sell the thing. Then start again.
It took me two years to use his system. Two years of wasted time.
He knew more than I’ll ever know.
That’s why I now buy…[Read more]

G’day Dazzling,
A few years ago I sold all my properties. The newspapers were telling anyone who would read their articles that the doom and gloom was coming.
Any minute now, it would be upon us.

Because people believe what they read. It must be right!
So anticipating the crunch, I sold the lot.

On the slow down I bought at North Curl Curl, on…[Read more]

Yes, I’m about to hurt their feelings(at lease try to!) by making an offer.
I’ve been searching in Melbourne. But decided to switch the search to the western suburbs of Sydney.

bruham.

G’day all,
A few years back I didn’t gear enough. At the time it felt safe.
Just investing into one property at a time.
Slow but shaw.
Now I realize that I was too cautious. I felt that this was a major error on my part.
I had the equity, some cash doing nothing, but I decided to be cautious.
My mistake.
By jumping in then, my wealth would be…[Read more]

gmh454,
I’ve been looking just below the hills area.
I’m after a whole duplex.Value of approx. $600 – 650k.
My chosen area is Quakers Hill.
Have you any news on this suburb?
Location seems right. Train, schools. And at last,a decent new road system. Not that far to Westfields shopping at Blacktown.
Then again, not to close, either.

bruham.

Adam,
Most of what you mention are all good ways of searching for the right investment property.

You would have to be very careful asking a friend, unless that friend owns property in the area that you are searching.

The other option is to pay for your information from the likes of RP.Data or Residex.

Or you could have a professinal do the…[Read more]

I knew it wasn’t just my imagination playing tricks. Queensland property prices are coming down.
Domain website keeps me in touch with areas of Qld and there has been price falls.

The next question is, will falling prices spread to smaller towns around Qld and NSW?

I just knew that three bedroom house in Broken Hill at $12,000 was over priced.…[Read more]

Shock horror, I see a bit of me in all of them.
Looking interstate right at this moment.
Big Aussie Home loans has put the wind up me for buying in Sydney.
Yesterday made an offer for a full duplex in the (Sydney) suburbs.
Might need to change my mind on that one.

bruham.

Dazzling,
It’s called rewarding yourself. When you do well in your working and investing lifes,you should give you’re self a reward.
This gives you the motivation to continue along “the” wealth building path.
Doing a nice renovation gives your well being a huge boost.Right to the sky.

You mentioned a conservatory.
Remember to have the walls…[Read more]

Why bother to do your research and learn about location,location,location etc. Plus take responsibility for your own decisions,so on and so forth. When you can just phone people like GPSNetwork?
Save yourself all that travelling time running around Australia. When you could talk to people simular to Roy H. ???
I’ve haven’t done any business with…[Read more]

You have to feel sorry for the plumber.They have one of the most dangerous trades of all household tradesmen.
The sparks(electrician)will wire up his work to the first copper pipe he sets his sights on.(He uses the plumbing as earthing).
If you poor plumber isn’t “awake”- zap!!!! He’s dead.

Just my thoughts.
bruham.

Derek,
Thankyou for your effort in copying the report.
I don’t read the Australian newspaper so I missed that article.

I down loaded it for future reference.
A pleasure reading it.
Again, thanks.

bruham.

hrm,

It saddens me to hear of people who take up the challenge to create a financial future for themselves, only to fall on their bottoms.

They think they’re going down the right path, doing the right thing.As they read in Jan Somer’s and Steve McKnight’s books. But no.Their financial situation becomes too much due to any number of reasons.

How…[Read more]

gpsnetwork,
Sorry the brain went back to one of your old posts that you wrote about selling all your brisbane properties.Saying now is the time to get out.
Assuming that you have properties in the state of Victoria, that’s where you work.
Are you flogging them off as well.You being one of our website proffessial property people.
just thinking…[Read more]

Ausprop,

A month ago I checked out house prices in Perth(used to be called FLYSVILLE. You couldn’t go anywhere without a million flys on your face and back).
What I could not believe was the house prices for Nollamara. A bloody housing commission suburb.
You people must be joking. You’re trying to get back at Sydneysiders for selling you lot the…[Read more]

GP,
Seeing you have a finger on the rental pulse.
When did you last increase your rents?
I’m thinking of increasing the rents in October.
Am I being too quick?

Roy H. if you’re selling all your Brisbane properties, what would you do with your Melbourne investments?

Visiongirl, There’s no such thing as any property being average in Sydney.Home…[Read more]

GR,
That extra 2% rental increase might cost you your tenant.
Could you have future tenants queuing up for your abode?
S.McK. says, your investment is in your tenant, not the property.(Doesn’t sound right to me.Not after spending four hundred thou. on a rental).

As I drive around Sydney, my attention is drawn to all those commercial office…[Read more]

Nazzy,
You sound like you know what you’re doing.
After all, that’s all that matters.
Best of luck, and go for it hard and fast.

bruham.