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  • Profile photo of Carlo10Carlo10
    Participant
    @carlo10
    Join Date: 2003
    Post Count: 30
    September 27, 2003 - 4:41 pm

    Hi Turnup,

    I am also new to this site. I think its harder to find properties that are really cheap now adays. Especially in Sydney. But I’m pretty sure that you can find one somewhere in NSW. Just keep your head up and look for them. Alot of people in this site has found hundreds of this kind of properties. So don’t give up yet. As Mary was saying, go see a mortgage broker to see what your borrowing capacity will be.

    Good Luck and all the best in your property investing.

    Profile photo of Carlo10Carlo10
    Participant
    @carlo10
    Join Date: 2003
    Post Count: 30
    September 27, 2003 - 12:24 am

    Thank you to all with clearing up a few things with Low Doc loans.
    How you must have a good credit history?
    I guess that’s always the case. You must be able to pay off the loans without fuss.

    Profile photo of Carlo10Carlo10
    Participant
    @carlo10
    Join Date: 2003
    Post Count: 30
    September 26, 2003 - 7:53 am

    Great Job Crazy Cat!

    I wish you all the best in your future in Property Investing.

    For all the other NZ Investors… What are the implications in buying properties in NZ if you are from another country…. like Australia?

    Profile photo of Carlo10Carlo10
    Participant
    @carlo10
    Join Date: 2003
    Post Count: 30
    September 26, 2003 - 7:47 am

    I have my first investment property in the pipeline which I secured off the plan, I bought it with my brother through the Property Investing company I work for now… and I am in a commision base payments.
    I guess I got through because I work there.

    What will be my chances of buying a +ve cash flow property? Will I need to apply for a Low Doc loan.
    I planning to have my cousin as my partner… but his self employed as well. So will this make it very difficult to borrow??

    Profile photo of Carlo10Carlo10
    Participant
    @carlo10
    Join Date: 2003
    Post Count: 30
    September 25, 2003 - 3:27 pm

    Thank you to all that continue to share their experiences with all of us newbies…
    It gives me more references to achieve what I want to achieve in my life.
    I have read 0-130 Prop. in 3.5 years and I’m starting to read it again so I can grasp more of what Steve is sharing with us in the book.
    I am 23 and aiming to retire by the age of 30! but if I can get close to Steve’s and all you creative investors… I guess I might get to my goal alot less time.

    Cheers

    Profile photo of Carlo10Carlo10
    Participant
    @carlo10
    Join Date: 2003
    Post Count: 30
    September 25, 2003 - 2:52 pm

    Well Betty Blockbuster…

    From my experience it is really complicated.
    There are alot of issues involved with setting up a company and then setting up a trust under the company. I set up a company with a few colleagues of mine that are willing to buy properties with me. There are not many property accountants or lawyers that have much knowledge with it. But when they do…. they usually charge you alot of money for their advise and structures of a company.

    I think it is best for you to see an accountant that’s specializes in property investments. You know someone like Steve and Dave I guess [:D]

    It really depends on what you want to achive I guess.

    Thats my opinion.

    Profile photo of Carlo10Carlo10
    Participant
    @carlo10
    Join Date: 2003
    Post Count: 30
    September 25, 2003 - 2:44 pm

    Hi Picja,

    I just emailed you.
    Get back to me when you can.

    [:D]

    “Whatever the mind can conceive it can achieve”
    author unknown

    Profile photo of Carlo10Carlo10
    Participant
    @carlo10
    Join Date: 2003
    Post Count: 30
    September 25, 2003 - 10:55 am

    Hey To all!!

    I am down for the Sydney meeting. It would be great to meet all the guys who have been successful here in sydney, especially for guys who are just starting to grasp Steve’s strategies!!

    So is late October on in Homebush?

    Profile photo of Carlo10Carlo10
    Participant
    @carlo10
    Join Date: 2003
    Post Count: 30
    September 25, 2003 - 9:20 am

    Poorstudent,

    Great Job! I am a 23 Years old, working in an Investment Company and I didn’t know much about +ve cashflow properties until I heard about what Steve has been doing. Well basically I didn’t want to start Investing at 30. I wanted to start now so I can do what I want once later on in life. What I did to buy my first IP was a joint venture with my parents. The only problem is that its a -ve cashflow. I plan to sell it later on once its made abit of money for me.
    By the way, I used to live in Canberra and moved back here in Sydney around 5 years ago.
    I’ve been reading all the forums and I am inspired to do what alot of you guys have done.

    Profile photo of Carlo10Carlo10
    Participant
    @carlo10
    Join Date: 2003
    Post Count: 30
    September 15, 2003 - 9:00 am

    Hi to all…

    This my first post. I am working for a Property Investing company in Sydney as a Property Consultant. I love my job! I get to meet a lot of people who wants to get started in IP. We actually focus more on Negative gearing [:(]
    I’m also studying part time doing my Dip in Real Estate.
    I only got 1 investment property so far but looking to increase that in the next few months [:)].
    Its been great reading all the forums and dicussions and I am learning alot about positively geared properties.

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