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Viewing 13 posts - 1 through 13 (of 13 total)

carbloke
Participant
@carbloke
Join Date: 2003
Post Count: 13
November 10, 2003 - 12:59 am
Hi all,
Does anyone have any recent information on properties in Kalgoorlie???
Thanks for the post redwing, the information you provided has come in very handy.
Cheers
carbloke
Participant
@carbloke
Join Date: 2003
Post Count: 13
October 27, 2003 - 7:53 am
Guys,
You seem to have forgotten 1 very important point. Due to water restrictions now in place around the country every BSS owner is now required to install gutters and a rain water tank to help save the Murray River. Please fator this into your cash flow calculations, depending on the size of your shelter (and number of subdivisons undertaken) this could prove quite costly.
Cheers.
carbloke
Participant
@carbloke
Join Date: 2003
Post Count: 13
October 2, 2003 - 12:47 am
Hi all,
Just another point of view on International Students.
I have a unit close to uni that I specifically rent out to international students on study visas. They live in the unit for the length of their degree, when they move back overseas they pass all their furniture, tv’s etc on to the next group who then stay for the length of their degree.
I have however learnt, not naming country of origin for fear of being labelled a racist (which is so far from the truth), that some students will try and sqeeze every little bit out of you. I have also found that most of these students are on study scholarships and their rent is paid for them, so whatever is left over they pocket each week.
Anyway, to cut a long story short, I’ve found this arrangement works really well. I’ve got no problems finding tennants and the rent is always paid, in most instances well in advance.
Having a PM manage the unit means everything is taken care of, that leaves me with a hassle free cash flow +’ve investment that has also shown fantastic capital growth. CAN”T GO WRONG.
Cheers
carbloke
Participant
@carbloke
Join Date: 2003
Post Count: 13
September 28, 2003 - 11:02 pm
Hi all,
I’ve had a look at Stuart O’Neill’s site and from the looks of things he offers quite a good service. I would however like to know what people have actually got out of their membership. I’m contemplating joining however would like a little more info from current members as to the benefits of membership. Any details would be appreciated.
Cheers
carbloke
Participant
@carbloke
Join Date: 2003
Post Count: 13
September 15, 2003 - 7:14 am
Hi All,
While we are at it what are people’s thoughts on the Investor’s Club and Onsite? Has anyone had any dealings with them, what kind of profits have you made, what did you think of their overall service?
Any stories of past dealings would be appreciated, both good and bad.
Cheers
carbloke
Participant
@carbloke
Join Date: 2003
Post Count: 13
September 8, 2003 - 1:21 am
Go those Crows!
It’ll be a Crows v Collingwood grand final – look out magpies, the crows are finding form and will take the cup back to south australia where it belongs.
Sorry to all the victorians but you know how it goes!
carbloke
Participant
@carbloke
Join Date: 2003
Post Count: 13
September 4, 2003 - 12:23 am
Hi all
I’m 22, bought my first IP when I was 20, this has since allowed me to purchase number 2 and 3 – gotta love the capital growth!
Every ones says to me “if I had my time over I’d invest in property” – As I see it I’m having my time so why not get started ASAP!
By the way can someone please explain what PPOR stands for, thanks.
Cheers
carbloke
Participant
@carbloke
Join Date: 2003
Post Count: 13
September 2, 2003 - 1:35 am
VPA
I’ve just started out in property investing and haven’t looked back since. I started young while at Uni with no equity and after 2 years have several IP’s. It is possible!
Hope this information helps:
1) You can use your parents equity, or alternatively some of their savings if they don’t want to draw on equity in thier properties. You just need enough to cover the deposit and borrowing costs.
2) Home owners grant is available if you “intend” to live in the property within 12 months of settlement. The conditions don’t state how long for, read them carefully.
3) Oops, answered that above.
4) Can’t help you here, if I find any they’ll be bought before I tell you about them. []
Also, since you’re unemployed the banks might not want to help you out because of your lack of income. To avoid this you can put your parents as 1% owners in the property, hence accessing their income as security for the banks (all they have to do taxation wise is claim 1% of all income and expenses). If you find something cash flow positive then there shouldn’t be a problem paying the bills anyway.
Good luck, hope this information helps!
Cheers
carbloke
Participant
@carbloke
Join Date: 2003
Post Count: 13
August 28, 2003 - 5:45 am
Teylu
The course is offered either as a lecture and tutorial style or you can “flexi study”. Through flexi study you can start whenever you want, all you have to do is nominate your exam date.
The course consists of 6 subjects, through flexi study they suggest allowing 10 weeks for each subject.
Mortgage Broking is something I definitely want to get into so any replies would be appreciated, together with any advice for people entering the mortgage lending industry.
Cheers
carbloke
Participant
@carbloke
Join Date: 2003
Post Count: 13
August 26, 2003 - 6:00 am
Wilko
People buying in Adelaide CBD are eligible for an additional $5000 grant from the council, this is on top of the $7000 if you’re a first home owner.
Hope that helps
Cheers
carbloke
Participant
@carbloke
Join Date: 2003
Post Count: 13
August 26, 2003 - 4:22 am
kimmy
go to http://www.theinvestorsclub.com.au
they provide a fantastic service, give you discounts on heaps of preperties, arrange for professionals to look after almost everyhting for you, and all can be done over the internet.
I’ve bought 2 properties from them and cannot recommend them more highly, this includes 1 in Kalgoorlie that’s giving a huge positive cash flow.
Cheers
carbloke
Participant
@carbloke
Join Date: 2003
Post Count: 13
August 26, 2003 - 3:51 am
Hi all
Reading the messages posted I realised you may be able to help me out.
I’m currently looking at what it takes to become a mortgage broker. The Australian Securities Institute seems to offer the best course, however what about employment within the industry.
How does someone with no experience in the field gain employment? Who are the best companies to seek employment with? How do you increase your chances of gaining employment?
Basically any information you could provide on gaining employment (increasing your chances of) would be greatly appreciated.
Cheers
carbloke
Participant
@carbloke
Join Date: 2003
Post Count: 13
August 26, 2003 - 2:16 am
Hi Rebecca
I’m 22 and have just started out investing in property. Since starting I’ve really become involved and really enjoy everything to do with investing in property.
I’ve found the best thing to do is read all you can, get hold of as many books as possible, just so that you know what you’re getting into. Jan Somers books are really good and I’m waiting for Steve McKnights as I’ve heard a lot of good stuff about it.
As for the property itself, most people I’ve talked to suggest an interest only loan, borrow 90% (depending on whether you want to pay mortgage brokers insurance) and start small. The best thing I’ve done was start with something cheap, just to get the feel for property investing, then expand as you go.
Also, get in touch with a mortgage broker to help you out with the loan arrangements.
Good luck, I hope everything works out for you and that you end up buying more than just the one property.
Cheers