Immigration, government policies to increase birth rates, drought and weather change pushing people into places with water supply, “lifestyle” choices by baby boomers and others wanting to live near the beach/restaurants/nice weather and more.

There are so many factors affecting where people want to live that the possibility of booms and busts is…[Read more]

I think the book that prints the next growth areas for real estate is the same book that has next Monday’s lotto results.

Steve McKnight’s books are very good, I recommend them, Sanctuary. I learnt lots.

Best of luck with it.

Dale

In Steve’s own words at the moment, the 11 second solution is a thing of the past. To get pos cash flow today requires finding a problem and turning into a solution.

Dale

Hello Pucci

Just bad luck I think. I sold my house last year and I wished my agent had called his mate to offer a higher price.

It is hard to know what the agents are doing and whether you are being shown the full picture, but I often felt disadvataged as the seller too.

Dale

Hello Snowflake

It’s great that you are investing and asking questions when no one at home speaks the same language. That takes courage.

Re your improvements/repairs – may I just ask if you have assessed what increase in rental that you might expect. It might be a way of choosing how much you spend and then knowing it is a repair or an…[Read more]

Yes. No worries

Dale

Hello Kelly

If you have been to any of Steve’s recent seminars or are part of his RESULTS group (as I am) you will know that in the current market he says that if you are looking to find an 11 second solution property from the internet, then you “are dreaming” ( to quote The Castle).

You will also know that there is no such thing as the “right…[Read more]

Hello Avranjes

I too like Armadale and have been looking at it more closely recently. Like anywhere though it does depend on the particualr property and the deal. Geven the general state of the market in WA i.e. still moving strongly where other states have a different momentum, Armadale is as good a place as any.

Dale

Hello Eleven Forty

I use the free suburb reports from RPData on realestate.com.au for initial searches and the I pay for their more detailed searches when I get to that stage. The prices are quite reasonable in my opinion for the assistance they provide whilst researching.

Dale

Hello melmac

I too am starting over but not from divorce. (I got divorced years ago when we both had nothing). Without going into the whole story, I am now rebuilding from a minus situation i.e. debt, no assets, no current income with my 48th birthday this week. Ouch.

I personally have put a plan in place and each day I get up and work my plan.…[Read more]

Hello salg

I would do a little bit more research before jumping in the deep end to make sure this experience is a good one.

1. Check out local rents. Don’t rely on what the agent says. Check your newspaper and make some phone calls. It will take you about 1 hour to get a realistic current rental rate for units the same size as the ones you are…[Read more]

My offer, from personal experience when buying my first investment property, is to Just Do It. It was easy to let fear stop me and I am glad I pushed through it. I made a few mistakes, but I got lots more things right. The next time was so much easier.

Dale

Dale Fairbairn

I am a perfect example of not using equity to fund your lifestyle/retirement. This year I have sold my home because I could no longer afford my interest bill each month. It was a terribly hard decision to sell my home but in January that is what I did. Then, suddenly the Sydney market collapsed and buyers were extremely scarce. It was one of the…[Read more]