Hi Guys
Have been stuck in neutral so far this year.
Looked at the RE mkt a few times and found a deal almost 40% under market in Melbourne.
Badly needs a reno – BUT the deals are out there, just keep looking and crunching the numbers.
Q. JP, so when is Man U going to re-emerge.
My year to date has been as flat as our team. DOH
For those of you…[Read more]

Hi LouieFin's Mum

You'll never walk(invest) alone again.
Welcome to the family/community of Australia's property investors.
Get out there and read everything you can on property investment.
You'll amaze yourself at how fast you get a grasp of the bare bones of this product.
To educate family, friends and work colleagues register in Steves…[Read more]

Dear Homemade, JacM and Jalugera

I've done a few in Norlane as well.
TLC renovation on existing 3BR home and subdivision.
Selling the land to a builder via architect/draftee contacts. (Cuts out RE agent commission/advertising)

It is a very low entry price and minimises risk of loss.
Of course it also minimises the amount of your return.
To date…[Read more]

Hi Sebastian

Welcome aboard.
There are no short cuts in this game.
I call it a game cause I loved playing Monopoly and inevitably won at it.
The property game is like Monopoly excepts that there is a lot more at stake.
There are no Chance cards, you've got to make them up or take them when they present themselves.
Community Chest is Joint Venture…[Read more]

Hi EJay

I would suggest that you need to get better educated.
There are sharks out there willing to give you plenty of advice & pocket a commission for the privilege.
You get to take all of the potential risk on the biggest investment outlay of your life.
AND the product may not be the best for your personal situation.
You need to obtain the…[Read more]

Hi Cal

You're only 26 and looking at a strategy to set up a portfolio of ten properties within the next ten years.
Instead of one strategy why don't you enrol in Steve's Property Apprenticeship Cert IV?
You'll end up with  an unbelievable amount of knowledge, like minded contacts and more strategies then you can point a stick at.

For an…[Read more]

Welcome Jason & Daniel,

Rolton & Lomas are okay but if you want to get into the real thing.
READ STEVE MCKNIGHT.
THEN ENROL IN HIS CERT IV PROPERTY INVESTMENT COURSE.

Regards

Hi Marty,

Freckle is right, you appear to be rushing things a little bit.
Ensure that you/your project manager have the capacity to manage these deals in a timely manner.
If you fail to deliver on promises/proposals made to your JV partners, you'll burn the relationship for future.
I have travelled down this road, and have still yet to meet a…[Read more]

Hi Vin

My apologies to get back to you so late.
The tickets were snapped up on Wednesday.
I should have posted the fact.

I'll make a note that you get first call on anything in the future.
Y I P forum was great.

Regards

Hi Madmax

One other option not mentioned is to approach some well heeled friends and cut them in for a portion of the action or agree up front that they get an above bank return say 8-10% p.a. or a cut of the profits.
This financing has worked a gem for me on the past five purchases.
I have 6 institutional lenders who have all told me no no no…[Read more]

I'M WITH freckle on this one.

Sign up for STeve's Cert iV in property investing.
GO to the library and borrow and read Kiyosaki's stuff.
BUT if you ever want to confidently make a buck in the Aussie property market, get the knowledge and qualification courtesy of Steve's Cert IV.
Regards

Hi Guys,

Yeah landlord insurance is a cost that you just have to bare.
And if you are really unlucky you don't ever get to lodge an insurance claim. DOH
Now we must remember that insurance is tax deductible which is one plus.

One big claim on one property and you get to recoup all of your previous premiums, plus some.
Good luck if you can obtain…[Read more]

Moved six years ago.
Chucked nothing out.
Maybe that's why I have never been able to park my car in my spot of the double garage.
Half my stuff is also distributed in the garages and garden sheds of my brother & parents.
In addition, I have a heap of stuff in a garage at a renovation I'm working on which I move from reno to reno.
You just never…[Read more]

Hi Steve,

I use a great broker who has gotten me out of a few tight spots over the years.
I'm in the WIld West suburbs of Melbourne.
If you're in my region I'd be happy to put you in touch.

Regards

G'day Richard 1983

Welcome aboard this is Les 1954.

Get reading and educate yourself.
Can't get any cheaper than at the local library.
Anything by Ton Melville and Ed Chan, Noel Whittaker & stick with this site.
Once you've increased your knowledge you'll be able to rate the professional advisors 
yourself as to whether they have the…[Read more]

Hi Mark

I'm with moxi10 on this one. Any low cost improvements that you can do on your PPOR will add real value and you and your family get to benefit immediately from the small improvements that you have made.  Renovating properties most weekends, the last thing that I want to do is to work on my own home.  However, she who must be obeyed…[Read more]

Hi Boshie,

Apparently you can rent out your PPoR for up to 6 years without being exposed to capital gain for that period.
Provided you havn't bought and lived at another house which you nominate as your PPoR.
Ring ATO 132861 8am to 6pm.
I think the income is assessable in the names of the owners, but you can offset it with exps such as rates,…[Read more]

Hi Boshie,

Apparently you can rent out your PPoR for up to 6 years without being exposed to capital gain for that period.
Provided you havn't bought and lived at another house which you nominate as your PPoR.
Ring ATO 132861 8am to 6pm.
I think the income is assessable in the names of the owners, but you can offset it with exps such as rates,…[Read more]

Hi Boshie,

Apparently you can rent out your PPoR for up to 6 years without being exposed to capital gain for that period.
Provided you havn't bought and lived at another house which you nominate as your PPoR.
Ring ATO 132861 8am to 6pm.
I think the income is assessable in the names of the owners, but you can offset it with exps such as rates,…[Read more]

I have made multiple offers, and then wait to see how many (if any get an acceptance).
Remember nothing is legally binding until you sign the contract.
So stall if you have to, until you get a response to all of the offers that you have out there.
You might get a couple of R E agents offside, big deal they're not the ones that have to service a 30…[Read more]