I don't know why you started criticizing me for pointing out that the post seemed like an advertisement for the mentoring.

One has to wonder, though why these people need to resort to these tactics if their courses have merit.

I OFTEN see these threads whereby a poster (first time on at that) posts similar questions about these mentoring…[Read more]

Agree with Jamie. It's pointless discussing how much % you got as a discount.

Getting a 5% discount on a property that was overpriced by 10% is a dud.

This is where research comes in to play. You need to KNOW what a property is worth. THEN you know if it's a good deal.

I saw a property advertised on a Thursday night on RE.com. Rang the agent…[Read more]

Yeah. Must be keen investors. One post asking about a particular course and NO posts in 2 months. Someone even asked how the course is going and no response. Maybe it was so amazing they don't need to visit forums as they know everything?

Yeah I'm up for it. But I didn't need to spend thousands on a course to make my mark.

Definition of…[Read more]

A fence won't necessarily add value but if the fence is in bad repair it could result in an offer being lower to allow for the new fence. And people generally over calculate by offering a fair bit lower. When people buy they try to find faults to justify their lower offer so the less "faults" the better. The shed I would leave as it's personal…[Read more]

Strata fees aren't high for Sydney.  
I think prices in Sydney are still moving and if interest rates stay low, better still.

Why is it difficult to offload? That may make the difference. Also it's winter if things are hot now, wait until late spring. Anything could happen.

The thing you need to decide is what you'll do with the money. If…[Read more]

Is that a net rental yield? Or before body corp? Nothing stunning. A lot of people worry about body corp but don't forget that pays your insurance and outside maintenance so with a house you'd have that extra cost. And with a house you still have rates.

So you are assuming it will have good CG? 12 months isn't long to experience growth.

Can you…[Read more]

For what purpose?

If you are short on deposits and/or cashflow maybe. 

It can complicate things. For example do you have the same goals, expectations etc.

What if one wants to sell and you don't? What if one gets married and the partner takes them to court to get their assets? 

If you can do it alone I think it's better. If you have 2 you are…[Read more]

If it's one or 2 things you can do it by the tax page but there are probably many things you aren't claiming.

Most depreciation companies won't do a report unless you get your money back the first year. So worthwhile doing.

Scott at      http://www.depreciator.com.au           is fantastic.  Email him with details of how old the place is, what it's…[Read more]

Interesting. One post from Jordan. No answer. Now 1 post from Stephanie plugging another course (related to the first).

Coincidence??   Move on "real" investors.

TheFinanceShop wrote:
Also BC charges a contribution fee – I think its $5k. Factor this in your costs.

Are you referring to the Section 94 fee? That is about $3,500 in Blacktown Council (it varies by council).

There are also lots of other little charges that add up. And it does add up to close to $5,000 but you get a little back at the…[Read more]

Have you read the granny flat specs?  Check distances from the border etc to see if it will fit. Also check the yard size you need to allocate for the granny flat. When I did mine last year (Blacktown council) I had to provide a yard 6m x 4m.

If you go through state govt as opposed to the SEPP it's a much more drawn out and expensive process.

You read lots of bad reports but you're still giving them your money and giving less deposit "just in case"??????

Have you researched MT Druitt and seen what you can buy for $400,000? 

As Jamie mentioned- you are paying a marketer to sell you a property. This usually amounts to about $50,000 commission. Personally wouldn't want to buy a house…[Read more]

Hi everyone.

I think everyone is over emphasizing price and not what you get for that money. You need to compare apples with apples.

It's like saying "I bought a necklace for $100, is that cheap" What type etc.

There are brick and tile granny flats and there are those that look like a container with windows. Also lots of people say "I paid $$"…[Read more]

http://www.meetup.com/sydney-investor/  has regular meetings in Sydney if anyone is interested. Just casual chat, drinks and dinner. No selling etc.

I've sent you an Email.

Sounds like they want to flip it, to me. So they can try to avoid paying the stamp duty. They will just try to onsell it.

It's a risk. Unless there is some great benefit I wouldn't do it.

Are you highly geared? If so you'll be losing money in the 12 months.

Do you get the contracts reviewed before you sign?  Yes there can be tricky clauses in OTP

Do I get a property lawyer to do this? Yes

Does the lawyer need to be in the same state as the purchase? Yes. Do NOT use their lawyer.

Are we able to add clauses or make them more specific i.e the finance clause? Nt sure. But they won't like them

Is…[Read more]

From the sounds of Belinda I'd say she's given up. If you have attended workshops and paid for mentoring and still haven't done anything there's not a lot of hope. And when she asked for help on here she made no attempt at attending meetups or seeking any specific advice.

Welcome Steve. Keep reading to familiarise yourself with how property…[Read more]

Yes it depends what suits your circumstances. If your portfolio is CF- then the extra money can help with outgoings. I like my tax return though. Pays for my holidays.

Just make sure you don't over estimate your expenses. Eg interest rates may drop and you pay less interest than calculated and you'll end up with a tax bill. 

jenni_nextplace.com.au wrote:
I see prices dropping still, but the number of sales has picked up.

Where would that be?  Not Sydney!  Things are moving along very nicely here thanks.

Roberto in NSW that is the process.

Depending on the situation as to whether I give a written or a verbal offer. If I do put the offer in writing it has an expiry date and time.

I would think though that if you didn't already have a copy of the contract then your offer was not serious.

Signing contracts with each offer is not worth my while I…[Read more]