Thanks Paul, your comments are very helpful. I'll check out your websites and I also just bought "how to buy a house for a $1" by rick otton so ill get stuck into that.As you mentioned I need to build up my education about Vendor Finance as I understand there is a lot of legalities surrounding it. I'm just very interested in this investing method…[Read more]

That sounds like a great strategy Paul and is pretty much the direction I would like to go down too. We don't really have any equity built up yet in our home as we only just bought it recently, so we are trying to save up for a deposit for our first IP. Does your company offer any training or products on the way you invest using VF?Cheers,Dkb87

Hi Matt, Hi Paul.Perhaps I should have been more clear with my intentions. I was thinking of purchasing an investment property and then selling it using vendor finance to create a positive cashflow. Then I would repeat process again and again. I would like to use this strategy as my chosen method to focus on to build up a good cashflow stream. I'm…[Read more]

Hi Paul,Thanks for the information, much appreciated. I will check out those links and make some notes.Cheers,Daniel.

Wow $60 or $70? That’s so expensive, I’m still waiting for my quote to come back. If its that high I would faint! Lol

Hi Derek,To tell you the truth we dont really know what kind of investment property we are seeking yet, just trying to gather info at the moment still as we have only just bought our first house but I am keen on getting into property investment asap. I dont mind dealing with people or advisors who are not in my state, if I know they are re…[Read more]

Hi Emma,Thats ok, no worries. I ended up finding the guy that did my partner's parents house many years ago so all good!Cheers for the help, much appreciated!Daniel.

Ahh yes, those umbrella style loans you mentioned Richard is exactly the structure that guy has with Destiny, he explained it to me when I spoke with him about the company. Sounds like I should stay away from buyers agencies then, at least until I know exactly what I'm doing. Thanks Richard, thanks Jamie.<br /:)” title=”>:)” class=”bbcode_smiley”…[Read more]

Hi Jamie,

Thanks for your comments, we thought of using them as they can show us how to recognise a good deal plus they have the knowledge of the Australian market nation wide where we don’t know too much about investing in other states where a lot of these good deals exist.
Perhaps you are right though, with a bit more research and…[Read more]

Hi wisepearl,

Thanks for the useful information, I had never heard of serviceseeking.com before so I will give it a try!

Cheers, much appreciated
Daniel

Derek wrote:
Hi Daniel,$200K/annum passive income can be done in residential property with four properties and ten years. The key is to get the initial steps right and be prepared to take some developers risks. We are doing this with some clients atm.Commercial property will through a few curve balls at you in terms of financing (lower LVRs) and…[Read more]

Hi APWPG, sorry I am in Perth, WA.Thanks anyway,Daniel.

Thanks Richard and thanks Steve, now I know more of the costs involved!Hopefully I can purchase my first and then my 2nd one not too long after Cheers,Daniel.

Hi thecrest,I used to do the payroll and super at my old work and we used MYOB. I found it to be pretty easy to use once I got the hang of it and you can prin off payslips, profit reports, super reports, etc….and much more!Hope this helps,Daniel.

Does anyone think that its possible to purchase 2 investment properties with 5% deposit each, based on two 400k homes and a total of 45k savings in the bank? How much do closing costs usually end up amounting to? I would qualitfy for FHOG too if i chose to live in one of the properties, which means I would have an extra 7k to add to the 45k right?…[Read more]

Cheers guys, all  this information is a lot to get my head around but It will slowly sink in lol. I have had a bit of a play around in the stock market but my shares are currently trading at a loss, I think it is more the confidence of the market rather then the actual performance of the company which is keeping the price down atm. I'm not too to…[Read more]

Thanks for your comments guys, it is much appreciated. I think I now have a clearer understanding of what is required to achieve this goal. I'll just take baby steps and learn as much as I can along the way from books and this forum and other people I know and then I believe we can reach our destination!Cheers,Daniel.

Great blog Emma, I am new to property investing and I am also very passionate about learning all I can so thanks again, your information is very educational!Daniel.

Hi JacM,Thanks for your comments, I know they are active investors who have been doing it successfully so I feel I am getting the right information but I will keep doing my own research too.Thanks,Daniel

Thanks for the advice guys, I will keep doing more research into it to see what the best decision is for us. Regarding professional advice we are seeking, it is from a trusted source whom I have know for quite some time so I am confident in this person giving us the right advice. However I will certainly turn to this forum for additional advice…[Read more]