Hi all,
I may be taking a liberty here, but KP (forumite) currently lives in Karratha. Perhaps you might want to PM him directly and he’ll be able to give you some more info. I live in the north of WA myself and we have very similar conditions here. Both Towns are mining Towns and that would be the reason for the predominant +ve cashflow properties. High purchase price & high rental yield with wildly fluctuating CG/CL.

Cheers

C@34

Sorry for my ignorance, but why do you need an ABN?
Do you intend on running a business that brings income in excess of $50K? Or do the whole Co pty ltd as trustee for the XYZ Family trust thing…?

Cheers

C@34

Wot about Perth????
I’d even come down from up north, but I can’t afford to go East as yet. Just starting out, pitty.

Cheers

C@34

HI all,
being in WA (not only that but Farnorth WA) made it impossible for me to attend, even if I did manage to get a ticket (they apparently sold incredebly quickly).
Anyways, back on track, appart from learning new ideas/tricks aren’t seminars about a change of mind-set (to use a popular fraze)!? I attended a seminar here (it cost me $2500 – waddayathink-o-that) and I came out stary-eyed. I reviewed the notes and recalculated the examples to cement them in my head and started to investigate the local market. Unlike the East, our market isn’t in a down ward turn yet (wont be to long – things are slowing) but it empowered me to talk to REA’s and Banks and home sellers and I didn’t get stuffed around anymore! Suddenly the could do things for me nad the costs suddenly became negotiable, etc,etc. So I’ve been changing my life since about middle of last year, reading tonnes of books (cheaper than seminars) and I joined this forum. My knowledge is constantly growing and we are now going to by a house at good market value; best of all is my wife is over the moon and can’t wait to get into it. Strategies vary, you just need to find your own, and if it’s the right time then I too would attend one of Steve’s seminars!
I think more newbys need to know that $XXX for a seminar is not just about the spakers experience but about a life changing event!

Cheers

C@34

Hi all,
in Hedland (north of WA) we use Cracker dust (blue metal crushed mixed with some cement). Once the driveway is properly prepped 9by say a Bobcat) it is laid out and compacted with copious quantity of water. Once cured 9over night) it is rock hard, mainly water repellant but you get weeds, still@!
I agree with you, an nice neat IP is more attractive, to me anyways! Try and play one provider against another (for competitions sake) I have saved a couple of hundred dollars that way on little items such as A/cs, etc. Try and you might find it cheap enough to do anyway! Get all the parameters though (ie: how thick is it going to be, etc).
Best of luck.

Cheers

C@34

wots your climate?
For a garden I would choose not only cheap plants that are draught tollerant but also those that self propogate easily, like ‘spider plants’. One plant turns intomany and the gardens wont ever be empty.
Just a thought.

Cheers

C@34

How far will That $35-40K get you, though?

Cheers

C@34

Yea, but how will the Tax Dept. know your folks live there? And even if there is some-one living there by the same name as you how can they prove that they are related?
Don’t know, but it would seem that the Taxation Dept. has its hands full with Taxation and Tax cheats and don’t have too much time to become like the ‘KGB’.

Cheers

C@34

G’Day squillion,
not there yet, but I tend towards the buy and hold as I am not as agressive to make flips and wraps wrok for me. Just my personality. I like the idea of owning (or controlling) several IPs and earning a living of them to do the things I want to do. It is a slower method for sure, but it is what I am capable of at this stage. Who knows what happens in the future….? Maybe I’ll become a RE Agent …… and buy all my own listings???? Or use the RE system and become a ‘spotter’, unsure.
Look at yourself and see what you’re capable of, then look at what you want to achieve = your personal strategy! That is what I believe.

Cheers

C@34