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  • Profile photo of Charles 1Charles 1
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    October 17, 2010 - 6:58 am
    JacM wrote:
    I think a question a lot of people have in their minds is: should I buy every property in a trust…. even if I end up with say, only 3 properties?  Or should the first couple be in own name and then go into the world of trusts if planning to go larger?

    Interesting article here as to why you may want to use a trust:

    http://propertyupdate.com.au/articles/protecting-assets.html

    Profile photo of Charles 1Charles 1
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    October 17, 2010 - 6:51 am

    Yardney’s investment philosophy is very different to Steve McKnight.

    He believes in capital growth property and value add. I’ve found his books really great and I look forward to him weekly newsletter – always some good stuff to read- if you don’t subscribe you can do so here: http://www.propertyupdate.com.au

    You’ll find a few references to Michael throughout this site, esp his books. Don’t be surprised if not many people here have used his services – remember his philosophy is different to Steve McKinght.

    I guess the one good thing about Yardney is how long he has been in property and that his message has been consistant throughout.

    I’ve been to a few of his all day seminars – very good. haven’t been to the 3 day one, but would really like to – maybe next year

    Profile photo of Charles 1Charles 1
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    October 8, 2010 - 11:45 pm

    If you don’t know Melbourne, stick to the inner eastern and south eastern suburbs.
    The northern and western suburbs of Melbourne have always had a stigma – people there want to move to the south east, but those who live in the south and east wouldn’t move to the western suburbs.

    Profile photo of Charles 1Charles 1
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    October 8, 2010 - 11:38 pm

    Welcome to the forum

    If you are looking for capital growth, you are right – it sounds like Melbourne has had it’s run and maybe Brisbane is the place to go. But it also seems like all the markets are slowing down – so maybe it’s time to be more cautious.

    I read this yesterday – worth a read if your’re starting off. In fact worth a read for anyone;

    http://propertyupdate.com.au/is-it-time-to-worry-about-our-property-markets.html

    It’s probably worth subscribing to Michael Yardney’s newsletter or buying his books as he’s into capital growth. You’ll find many people on this forum prefer cash flow strategies.

    I’d avoid the regional areas and stick with the capital cities

    Profile photo of Charles 1Charles 1
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    October 7, 2010 - 10:02 pm

    As I see it, you would have to jointly take out the equity in your joint property (increasing your mortgage) then you can use your equity for whatever you wish.

    Ownership structures could be tenant in common, partnership, jointly owning through a unit trust ect.

    All have different tax and legal implications – time for accounting and legal advice

    Profile photo of Charles 1Charles 1
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    October 7, 2010 - 9:57 pm

    There is a good article here on how to find a development site:

    http://propertyupdate.com.au/articles/property-development-guide-part-7—researching-the-perfect-site.html

    In fact the whole series of articles here seem pretty good if you are interested in development:
    http://propertyupdate.com.au/categories/property-development.html

    Profile photo of Charles 1Charles 1
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    September 30, 2010 - 9:26 am

    There are some good parts of Seaford and some sleezy, cheaper bits.

    Stay on the beach side of the railway line if you can afford it

    Profile photo of Charles 1Charles 1
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    September 30, 2010 - 9:24 am
    JacM wrote:
    are you planning to sell or not?  why bother going through the cost of splitting them if you are going to keep them all?  then you'd just have to start complying with annoying bodycorporate law.  council rates could increase as well…

    One reason to split them is because the banks like it – they will lend you 80% on individual units and only 70% of the whole project

    Profile photo of Charles 1Charles 1
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    September 30, 2010 - 9:22 am

    Why would you try and do it yourself?

    Sure you’d save agents commission, but don’t you think they could get you a better price?

    Profile photo of Charles 1Charles 1
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    September 30, 2010 - 9:20 am

    Great list thank you.

    Like the others, I really got a lot out of Yardney’s How to Grow a Multi Million Dollar Property Portfolio. It changed my whole concept of property investing.

    yes very different to Stve MCK but form what i read, Steve is now coming around to value add also.

    Almost finished Yardney’s next book – even better probably the best property book I’ve read and I’ve read lots. Thriving not just surviving in changing times – very relevant for today you can find out more here – http://propertyupdate.com.au/store.html

    It’s a bit like Rich Dad Poor Dad, but up to date

    I’ve also got some old American books by Robert Allen – also very good

    Profile photo of Charles 1Charles 1
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    September 30, 2010 - 9:04 am

    You know there is more than one way to skin a cat.
    CF+ve is one way.

    I looked at it years ago and decided to go for capital growth (is that a dirty word here?) It’s worked well for me, maybe because i bought at the right time and in the right place.

    I now have 2 properties growing well.

    What turned me around was reading Michael Yardney’s book – How to grow a multi million dollar property portfolio.

    I know lots of people mention it on this forum as a must read, so Rusty do yourself a favour and get it.

    Also worth getting Yardney’s newsletter at http://www.propertyupdate.com.au – some good stuff there – I don’t agree with everything, but some really good stuff that you don’t hear form others. Definitely not CF+ve – but worth educating yourself

    Good luck with your investment journey

    Profile photo of Charles 1Charles 1
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    August 26, 2010 - 1:46 pm

    How old is the book – it was written 15 years or more ago wasn’t it.

    I remember it was a great read at the time in the 90’s – well done for reading it, but there are lots of more up to date books – search this forum

    Profile photo of Charles 1Charles 1
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    August 26, 2010 - 1:43 pm

    Parkville is close to Melbourne UNi and hospitals and really close tot he CBD – you will always have tenants looking for properties there

    Profile photo of Charles 1Charles 1
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    August 26, 2010 - 1:40 pm
    Ana wrote:
    And there is a lot of very good articles and free information on a lot of different websites too.

    You are right – one good website with gerat info from a heap of experts is http://propertyupdate.com.au/

    Worth subscribing to the newsletter there

    Profile photo of Charles 1Charles 1
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    August 26, 2010 - 1:36 pm

    Hi

    You’ll find the rules are very different here. Most smart investors invest for capital growth, not cash flow, but you’ll get others on this forum disagreeing with that.

    You need a real estate agents license here to get commissions on sourcing properties.

    I think you need to be a resident here to buy established properties, non residents can only buy new or off the plan

    Profile photo of Charles 1Charles 1
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    August 26, 2010 - 1:32 pm

    A good idea to get started is to learn how others have done it- so thanks for suggesting this thread.

    Educate yourself – books, magazines – careful of the seminars especially the Amreicans coming out here

    Good book to start Michael Yardney’s How to grow a Multi Million Dollar Property Portfolio.

    Read magazines – API and YIP have case studies.

    Good newsletter is Yardney’s Property Update – http://propertyupdate.com.au/

    John Edwards from Residex gives good stats http://www.residex.com.au/

    Profile photo of Charles 1Charles 1
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    August 2, 2010 - 11:26 pm
    me_melb wrote:
    Charles1 –

    IMHO

    depends on what and how you want to achieve your wealth..

    I found Metropole has their blinkers on all the time as they only suggest to invest in

    – proven suburbs (5 KMS from CBD)…
    – Hold for few years (minimum 5)

    definitely they've Grey hair and Michael has lots of proven experience but after paying top $$$$ you don't even get chance to talk with Michael when creating your strategy…

    These are my thoughts after reviewing around 20 buyers agencies in last 2 months…. For sure Michael comes on Top if you want to let them do all the thinking…

    me_melb

    Thanks for your feedback.

    You are clearly entitled to your opinion. I just find it interesting that the 3 posts you have made are all plugs for Capital 360.
    Of course it could just be pure coincidence or maybe you work for them.

    How about sharing your “unbiased” research with us – who were the other 20 companies you researched and what were the pros and cons.

    I’m interested. I only saw 3 Sydney buyers agents and Metropole came out on top (and you are right I didn’t see Michael – but i didn’t expect to – just like I wouldn’t see John McGrath personally – but I’d use his company to sell my home because of their proven track record)

    I haven’t signed up yet so please share your thoughts..

    Profile photo of Charles 1Charles 1
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    August 2, 2010 - 11:25 pm

    Richard

    Why not ask the town planner at the local council – they should be able to answer your query – for free

    Profile photo of Charles 1Charles 1
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    August 2, 2010 - 11:23 pm

    Gee you’re brave!
    After all those years of capital growth, the Darwin market must be near it’s peak.

    Melb has had huge growth also +24% in a year or so.

    Why not look at Sydney – was flat for years from 2003 until recently or Brisbane which seems to have some catching up to do.

    Profile photo of Charles 1Charles 1
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    August 2, 2010 - 9:13 pm

    When you sign the contract you put your name and / or nominee which means you can nominate a different purchaser down the track.

    I think there is a small legal cost involved in changing the contracts, best get legal advice before you sign anything

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