Hi emz03,

If you are going to option trading in the property market based in Queensland you’ll need to have a 15% share of equity in the property that you’re looking at trading if you are doing more than six properties a year under the property developers license.

In other words you get 15% discount off the property. However I must highly s…[Read more]

Hello Hakanoa,

Our thoughts is that is a good idea to ask these questions before placing a contract on the property. Properties to purchase are plentiful at the moment, here should really be no time pressure for a buyer to commit to anything at the moment since there is pretty much a stock standard deal. In Caboolture, north of Brisbane in…[Read more]

Hello Nathalie,

I am assuming that seminar was an evening one and not a weekend one. Even for an evening seminar that seems extremely low turnout For the Positive Real Estate Group. My experience of we are looking for a mentor is in the next week or so reading Steve McKnights book 0 to 130 properties and 3.5 years just so you can get a grasp on…[Read more]

Hello Sam,

If you looking at Queensland you might want to consider the Logan area (Woodridge, Kingston, Logan Central, Marsden, Crestmead and Slacks Creek etc.). You can pick up properties if you buy well around the $210,000 mark that will rent out for $310 to 320 per week.

Kind regards,

Jason Moore & Sherry Ortiz

Hi Natalie,

Welcome to the forum and great to see you are going to give it a go. My experience share with you a couple of interesting points you might want to consider:

1. Asking for a Mentor… Excellent first step in getting started in property. Just make sure the mentor has the credentials and CURRENT experience and property investing. If…[Read more]

Hi There,

Please find the following meet up groups in Brisbane that you can attend that are all about property…[Read more]

Hi Hirav,

We are currently in the process of getting a website built, therefore the best way of getting information is probably through our Facebook fan page. I did receive your e-mail today and respond to it tomorrow for you.

Kind regards,

Jason Moore and Sherry Ortiz

Hello gumtree,

Like other commentators, my major concern would be with try to find a contractor who will fix the issue at a reasonable price (and I don’t think there is a reasonable price in a mining town compared to that of a major city) that would not eat up your profits from the property.

That is my half a cent worth.

Regards,

Jason Moore…[Read more]

Hi MJP,

We are located in Brisbane, some of the things you could think about would be the following:

1. If that $400,000 was hard cold cash or superannuation and you were looking at a passive way of investing your money you could look at becoming a private money lender (Private Banker) where you would receive about 12% for the use of your money…[Read more]

Hi Hirav,

What are you actually looking to do with the use of an option as there are a number of different strategies that you can use them for such as vendor finance, development approvals or flipping properties.

We are using them to flip properties, as we get a property under option to say $300,000, you can on sell your option to purchase the…[Read more]

Hi Sandtrackers,Although it seems you are having a two-way conversation with Paul and nobody else is contributing … you are lucky to be talking to the right guy when it comes to vendor financing and wrapping.  We know Paul and he is a buck of knowledge and backed up by experience when it comes to this topic.Kind regards,Sherry and Jason

Hi Zacspeed,Have a chat with Paul Dobson  |  Vendor Financier – http://www.negative2positive.com.au  |   Ph:    0447 973 235 |   http://www.jvpropertypartners.com.au  |   http://www.vendorfinanceinstitute.com.au … Give him a call and see what he can do for you. If you have read a lot of his posts, he is extremely knowledgeable and I think he mig…[Read more]

Hi Zac,Most of the stuff here is from personal experience. We've done over 120 property transactions including such things as installment contracts, rent buys, second mortgages, renovations, wholesaling, flips, delayed settlements, joint ventures, private money lending, and rentals. If I had my time over again, I would first establish WHY I was…[Read more]

Hi Skys_the_limit, Real estate agents in your local area would be more than happy to run the RP Data report (CRM) for you as part of their future prospecting efforts.  I would just ring a local real estate agent, be upfront and explain why you need the report and they should be able to punch one out and email it to you.  Also, have a quick l…[Read more]

Hi Kate, From my own experience, I left my high paying job and jumped into the property game straight away as I had caught the property bug 12 years ago. What I had failed to realise at the time was my borrowing capacity became non-existent and I had to use joint-venture partners to finance the deals which in effect meant that I was halving my…[Read more]

Hi Smartcube,As you have said in your forum post, it might be a good idea to formulate a brief investment plan prior to taking off. A great start would be to read Steve McKnight's revised "0 to 130 Properties in 3.5 Years". It will give you a snapshot of the various types of property transactions you can do with the pros and cons of each plus the…[Read more]

Hi Jaidee,I find it interesting how people are trying to chase the pot of gold at the end of the rainbow (trying to predict the next boom), when opportunities today exists all around them. It is never too late to get yourself a property bargain if you buy well at the start. Over the past 12 years that I have been purchasing property the motto that…[Read more]

Hi Jaidee, Since you are interested in me Gladstone market for that you might be interested in this article that was in the local Gladstone newspaper today. Gladstone Prices Soaring David Sparkes | 23rd August 2011 TIMING is everything, especially when you are buying a house. Research from the Real Estate Institute of Queensland shows…[Read more]