Wasn't there a report just recently that showed most states had only dropped by less than 1% across the board over the last 3 months.  Although prices in the upper market price range of their areas might have dropped bottom end and middle have either risen or stayed the same.

No problem with keeping money in the bank especially when it is in an off set account on an IP loan.

Only you know how much time you can put towards the program.  Although it may say 30mins a day if you want to get more out of it you will most likely need more time per day.  How heavy is your uni work load? 

Dallen,Will check if I still have the figures and dimensions but it was a few years back.A few pointers.1) The board was made up by a friend so was done on mates rates about 5×2.2) Design the adverts before approaching potential customers.3) I used placards that were interchangeable so the order could be varied fortnightly.

My understanding is that you have submitted an offer to buy the property but this doesn't mean you have to put both names on the actually title.  If a bank is involved then all that may be required is a guarantee from both of you to repay although only one person is on the title.

dallen_14,Cost depends on the type of billboard.I had a sign made up for a building I was renting and sold advertising spaces for businesses that complimented my business.Scamp,A billboard can have multiple advertisers including dallen_14's.  You don't need a brain bigger than a pea to know that.Economics 101 when businesses want to increase…[Read more]

Linar,Agree about continual disclosure but in reality how often does this actually happen?  If someone wanted 30K to paint the IP but decided to refurnish the IP instead then do they really need to disclose the difference?  It is a bit of a different situation but how far do we need to take disclosure?We have 2 situations.1) Possible fraud with t…[Read more]

Dazzling over 3 years later and this thread is still kicking along.Time for more updates.I've still got basically the same cars and bikes from 6 months ago but also some different models and years. LA if you keep your cars clean then you don't need to do anything to them to sell.   White Toyota Troop carrier 4WD Green Lada Niva 4WD Silver Mti…[Read more]

Sementha,Look at what your main competitor is doing and copy what you can within reason.For example if they advertise in the yellow pages then put place your advert on same page either beside, below or underneath and make it slightly bigger.Depending on your location, city size, what your market is the internet may not help as much especially in…[Read more]

Yossarian,Only tax fraud if intent can be proven.  By being up front with the bank and borrowing 30K to do IP renovations is legal.  If Paul 6 months later decides to only use 5K towards the renovation instead of 30K and the rest to pay off ppor where does fraud come into it.  It is a very grey area and why I indicated to tread very carefully if…[Read more]

jo45,1) Would help better if you put some figures in regards to current value.  2) You appear to have a serious cash flow management problem (no cash, can't afford to replace car) so an IP doesn't sound like the best idea for you.  If something goes wrong with the IP do you have money to fix it?  Not everything is covered by insurance.3)  Dep…[Read more]

Have you looked at FHOG?You may want to consider the bottom end of the market somewhere 1 or 2 br units under the 100K mark.Save for the next 6 months and you have 3K.  Do your studies allow you enough time to find pt work to add to the 3K.2.5 years later could have paid off at least 15K.Other options could be borrowing from a family member to…[Read more]

wobbles,Although it might appear to be a good deal for those that know the area others may reject it because of not knowing the area or too far to travel to inspect or do reno's.If you think the numbers are starting to look good and the price has come down then offer (80-85K) about 20%  less than current asking price and see what happens.The 30K…[Read more]

HB,I guess it is good that the OZ investors in NZ  don't follow your thinking about not investing in foreign countries.

Scott  No Mates,Some people seem a little quick to think that those that have had homes repossessed must have wasted money on plasma TV's etc.  In majority of cases this is not the situation but a nice myth perpetrated by some to justify acquiring repossessed homes cheaply.  Maybe you should do the rounds of a few of these bank auctions and he…[Read more]

Terry,The example is good but relies on a falling market and the person wanting to sell.What about buy and hold investors in rising markets like the last 6 years?If the plan is to buy and hold then CC doesn't look that bad an option if the only way to secure the deal.As prices rises you should be able to change from CC to individual loan/set ups etc.

Chrisb,Buying out your sister sounds good.  Then put the profit towards paying off your ppor.  Minimal risk with sound investing.

Sydneyme,Not necessarily irrational but more like frustration at seeing love ones and friends kicked out of their homes from greedy banks..  Put yourself in their shoes.  Maybe if investors stop trying to pick up these type of repossessions from banks then the banks might not be so eager to repossess and kick people out of their homes.

Linar,I think they might be worried about a business deal going wrong and putting the family property at risk.

Why does it have to be sold?Can you take a loan out against this property and pay out the other person and then rent the property?You could probably save a few thousand dollars doing it this way.