the 11 second rule is just so you cover all costs totally with a 10% return. Ok so you live in Cairns, one of the best places due to infrastructure and developement to do investing in. So the returns of 7.5% or 1.5/1 dont interest you if you are religously following the 11 second rule. Markets change and so likewise should your thinking.

In South…[Read more]

Just like in rugby the kiwis keep property close to their chests and are very cautious in property deals.

I have dealt with kiwis in 3 deals and they all got the best possible deals they could with lots of haggling and tooing and frowing. Good on em I say but sadly that was all in Oz so im not really helping this cause much..

Good luck with NZ I…[Read more]

No NO NO!! not a financial planner. this is a euphomism for insurance seller if they are mobile or bank product seller if they are in a bank office. DO NOT believe these people they are only into it for the bank/insurance company. They will suuggest a loan for shares or managed funds, you then have no control as your money dwindles with crazy fees…[Read more]

If only we had all started so young we wouldnt all be so cynical. This kid is to be admired for what he has achieved where others go out every week on the grog in their youth this kid has saved like a demon and got into property. So not only is he smart, but if he keeps being diligent and hard working I feel he may be retired with 10 books under…[Read more]

Wez we bought for cashflow only to find that if it is a CFP property it will get cap gains anyway. So by discounting this extra criteria we didnt need to take time on, we actually still achieved major success through buying cheap entry level properties which are easier to rent, have low vacancy rates and the greatest potential for rises.

Counter…[Read more]

Jaffa how would you like to have a 2 way sat link with same features for $77/month. New govt legislation requiring all who want it to have broadband means they will subsidise the cost for remote localities so get onto

Greg Cowie of Newsat on 0412 243 572 or email him on
greg.cowie@newsat.com.au for all the details.

I was looking at it for Coffs…[Read more]

All i do is go to the freebie seminars as I find even they have the odd tip or trick or website they promote that gives me extra insight into this changing beast the property market.

Dont want to pay, fine, dont pay, but let people have a choice to do what they want with their moeny and not get harrassed by you about those choices.

Boring if we…[Read more]

I have a 5 bedroom 2 bathroom with spa house in Hassall Grove for sale for $360k it has dual driveways and a good yard in a quiet street. I have moved and this was my ppor before that. Rental would only be $270-300/wk so would be negative as is. House was completely rewired with electrical and data points at the back as I worked from home. 3 x…[Read more]

To be really successful in helping others as a birddog I would suggest you do the property thing yourself a few times to go through all the hassles and dramas some deal cause you so you can really relate successfully to your clients and their needs.

Just a thought.

Hi Mini, love ya.

DD

Don’t sweat the small stuff,and it’s all small stuff!!

HI Kristine, hope you are totally motivated by the gang in here, I always get a buzz from replies I read on how we all think positively and yet slightly different from each other.

My start was buying a dud of a negatively geared unit in a develpopement in Blacktown sydney. It was $172k off the plan and took 18 months to build, we got a tenant…[Read more]

Firstly Patrick. Call me, you need a confidence injection and a big smile drawn on your face dude.

Secondly Hi Shirl, good on you for being proactive and seeking several second opinions. My god you will get them here. All those cautious dont do it types will never get the great rewards of actually putting one foot in front of the other.

No…[Read more]

Im a yes for Brizzy too or if Im on baby duty (4&2) my wife will attend as we are a great team and do all of our investing together.

Sonja, babysitters whereforartthou babysitters!!!!!! We have recently moved to Coffs, still trying to get someone for us to have those occasional grown up evenings too.

Seminar for Brizzy please.

DD

Don’t sweat…[Read more]

hi Cheeky. Well I touched on this subject last year when one of my real estate guys in Ipswich took me and 3 of my investors to a questionable lunch at a retirement home. We ate what the “inmates’ate. I was sad to see that the tastless food matched the tastless attitude of the homes managers.
When you buy into one of these homes that take 78% of…[Read more]

Celivia we did what you now suggest is the best way to go. We bought an off the plan unit in Blacktown while still owing $100k on our own house. Had a few payouts from wife being retrenched and father passing away so we were down to $50k. As the unit was negative geared and we had our first child and had lost my wifes income(oops) it was a strain…[Read more]

Zen dude read hi read lo then off you go. There are heaps of opportunities available if you actually are serious and want to get ahead. Some are cashflow based some are capital based and those rare few that cover both. May last year I saw that the positive property ratios were drying up in my “pet” areas so I bought 6 houses.

By the time I…[Read more]

Cool DaMan, always good to foster discussion although this was not the way you intended this string to go. I appologise to you for any waylaying of your questions so lets look seriously. You have cash now in a softer market. All indications are that the booom is gone but for you a new buyer this is a good thing.

Where the rental ratio of 1.5/1 or…[Read more]

Baloo baloo oh how sweet it is to have informed discussion with someone like yourself who cries foul if a forward thinking person like Jo or myself contribute. Unlike you where property is only a small part of your portfolio, the original poster seems to be a novice and with need of a bit of impetus to get their act together.

Great you have an…[Read more]

Gee how do you think you will ever get ahead procrastinating as you are. Be realistic, buy something you can afford now, other states whatever, get something that is increasing in value as you save yourself, then gee wiz, 1/2 the time of struggling trying to save you are into the next one quicker.

Then woth 2 increasing and your cash injection…[Read more]

Put on the brakes, stop the horses, whoaaa doggie.

Ok stop and think, taking on more neg geared debt to save money on tax. How sily is this. The hole is big enough with your ppor needing some cash to pay it off first. Dont be suckered in by some hot to trot sales pitch about tax savings. We all know that the tax laws change almost weekly so…[Read more]

Castledreamer and Minimogul are both “on the ground” with their knowledge. Hell, I cant even pronounce some of the town names. Go email them and have a restful trip.

[cap]

DD

Don’t sweat the small stuff,and it’s all small stuff!!