Hi
Go to eze.rent and download the free software EZ-rent.exe it is a terrific help as when you select the state the purchase will be in it does all the calcs
rgds
Cobra
http://www.ez-rent.com i think!

Hi Guys
Thanks for the replies and yes he went belly up but is back and “worth millions” to quote him.
Seminar was very entertaining and i think he could do well on the stage, but as i said i saw some holes in the calcs – ie no mention of how to pay the 20% deposit or the fact you need a lot of income to keep -ve gearing properties or that you…[Read more]

Hi
And yes its just that simple!
BUT
find a +ve cashflow property
convince the bank to lend on it
plus numerous others

These are the Tricks you need to master
Good luck
and keep reading this forum

rgds
Cobra

try deppro haven’t used them but some contacts in perth say they are excellent and i believe they are Auswide
rgds
Cobra

Hi
Try Deppro
i think its
http://www.deppro.com.au

they quoted me approx 500 -550 from memory but it does depend on scope of schedule and size of property
or
check quantity surveyors in Perth yellow pages

rgds
Cobra

Housesonly certainly seems to know his stuff but then so do the respondents.
Again i think some areas will decline others increase.
Here in Perth we seem to have some growth left as employment is up and we are far behind Eastern States.Same as 2years ago

Hi just my 2 cents worth.
Depreciation is an on paper deduction against taxable income.
The higher the taxable income/tax bracket the more tax saving and yes eventually you will run out of tax savings.
secondly, yes Steve AND HIS PARTNER bought 130 properties in 3.5 years.
They paid 20% deposit on each property and each property was very low…[Read more]

Ellenbrook Perth WA
10 mins outside of Perth next to the best golf course in Aus.

Hi
What state?
Are you having problems?
I lived on 3 properties in WA over 12 years that had septic tank sewerage systems.
Basically the effluent settles in the septic tanks and the leftover fluid leaches into the ground via a series of drains – called Leach Drains – and every 10yrs or so the tanks need to be cleaned out. Usually by a tank…[Read more]

Hi
I’ve been looking too but i don’t think you’ll find any in Perth unless you look at Commercial.
Try regional areas, or Wrapping
Rgds
Cobra

Hi Tristan
If you are not going ahead with the units can you give me any info as i could well be interested in them
rgds
Cobra
andywild@ellenbrook.net

Hi
general feeling i get from internet and talking around seems to that when rates hit 8.5% then some people will start to have repayment problems – so that may be the tip point – but – who knows???

Hi Guys
I would appreciate any info on Good IP accountants in WA.
Westan are you in WA?
If it’s not a secret Can I ask the name of your Guy
Rgds
Cobra

Hi just my 2 cents worth.
What does a bank do when it loans money for a mortgage?
It borrows money (from the RBA or depositors)
at low rates and relends at higher rates and lives off the profit.2-6% depending on risk – using security and lending criteria.
Wrappers are just small banks with easier criteria – more risk – same security.
just as abank…[Read more]

IMHO = in my humble opinion
BTW = by the way

hope this helps
rgds
Cobra

Hi
it all depends on your requirements and your property profiles.
I mean if you need 50k to retire on and buy cheap properties returning $50 PW then
$50 pw = $2500 PA = 20 properties to get $50k PA
or
if you need $100k PA to retire but you look at more expensive properties retuning $200PW then
$200pw = $10k PA = 10 properties to get $100k PA.
so…[Read more]

Hi Guys
I would just like to say thanks to everyone who posts info and helpful suggestions here.
Basically from the info and stats i’ve learnt here i intend to do my first deal by 10/11/03.
without all the helpful stuff i couldn’t do it – its as simple as that.
I don’t expect to be spoonfed – but any help or suggestions are just great.
So once…[Read more]

Hi
yes thats a good strategy – but if like me you live 500km to 1200km from your properties it can be aproblem so you almost have no choice but to use a PM.
rgds
Cobra

Hi Brent
I am new to this myself but from my understanding of Steve’s method is that when he maxed out his deposits for buy and hold properties he then wrapped the next 10 to 20 properties or so – which then gave him additional savings and capital gain to leverage more finance for more buy and hold properties.
And so the cycle goes on and on.
One…[Read more]

a friend gave me your book steve – right now i haven’t bought a property -BUT it’s the most important thing next to my family because it gave me a kick up the backside to do something for my families future.
I’ve researched and spoken to people and received the -ve comments and advice – BUT I come back to this site and forum and drink from the…[Read more]