Besides there are a few spotters over there turning up good deals, I suppose you could now check the NZ listings to see if they’re trying to rip you off!

Hi G7,

Have you got one of the zenophobic computers that only finds sites that end in .au He He

Shouldn’t he be living off all the brilliant decisions that he has already made?

if he has to keep on buying property then really investment is just another job since apparently you never stop.

Gee, it’s all about having the freedom to do what you want. Oviously buyings IP’s and running seminars are a passion for Mr McKnight.

Investing in…[Read more]

I have a feeling the follow may actually be steve under different user names: homefree, markusj, Kid, etc.

if you really believe that then why bother logging on to this site and reading it let alone posting and making negative commments. According to you Colbert the whole site has no integrity so why waste your time with it.

Why would you…[Read more]

Apparently somewhere between ’06 – ’08 the whole world will enter into an economic depression. Kiyosaki and other insiders have made commentary on this theory.
Can anyone here give us some insight in regards to Australia?
Buy IP’s now or hold?

Fear will paralyse you if you let it! You need to take action and take a position in the market. If we…[Read more]

see a solicitor asap and organise the division of assests before other parties get involved. Do it now while things may be more amicable.

I would take the small tax free gain and move on.

Good luck

Hi Ben,

Now is a good time to invest but there is never a good time to rush into an investment.
I see you are earning 70k before tax at the moment and you have some equity. How much deposit have you managed to save out of your wages?

I would suggest that you only borrow to invest if you have the ability to service the debt. A good start would…[Read more]

HI Rob,
Are you saying that the only remedy available to V is the recovery of deposit monies?

Just reached a price that both us and the vendor are happy with on a 3br double brick unit in complex of 9. Price is $112,500 and the RA is happy with a $2000 deposit. Most banks wont loan above 95% of the value of a property, so at this rate the deposit will need to be in the mid 5,000’s. What benefit do I get from only putting down a $2000…[Read more]

One cannot purchase “the US RE market”, or “the Australian property market”. Other than LPT’s and the like, you are actually buying a tiny little specific individual piece of real estate. Concentrating on those details and how that tiny little piece actually generates wealth / income is what you should be looking at.

Exactly!!

What state are you in? The reason you could put $1 down in NSW is because pre exchange of contracts deposits have no legally binding effect on the parties. This has been well established in a long line of case law.

These are a gesture of good faith and intent only. If it was my property and agent told me the prospective purchaser could only come…[Read more]

I was absolutly furios and sent him an email that I would be contacting the real estate institute to report on what had occured.

Would you mind letting us know what state this occurred in. Sounds like a hot market?

I would move on from that deal an forget about it. The agent probably would not even read an email like that.

It would be better…[Read more]

sit tight! You have got to consider the entry and exit costs. I might be old fashioned but I have always thought of property as a long term investment.

Good Luck

Speaking to locals, contractors in town, hotel staff and agents they just can’t believe what non locals are willing to pay even for some real dogs of places in dodgy suburbs.

This is a common senario Hot Rod. Does not seem to matter where you are every time there are significant shifts in capital value it’s the people down at the local pub that…[Read more]

I would like to find one of those cash flow neutral PPOR’s. Infact I would like a dozen of them! He He [biggrin]

The idea that people spend more time choosing a PPOR than an IP is a concern. If that is true it probably accounts for why so many investors fail at property investing or only ever manage to buy one property.

For young people who have…[Read more]

Hi Hot Rod,

I have never been to the area you are talking about. Is it possible that the investor knows something that you don’t?

Good Luck

Hi Zeallous,

Just to add to the other good posts. Once you have done all your web and phone based DD you can not underestimate the value of visiting the suburb that you want to buy in. Talk to the people that live there. Get the local paper sent to you and read it cover to cover.

Go to some garage sales in the area. Find out how many people are…[Read more]

Terry has a good point. All you really need to know is where your cash flows so you can take control. You should be able to do this on a simple spreadsheet. Having the discipline to stick to the budget and make records is the key thing.

Good Luck

G7 makes a good point. It’s getting harder and harder to find reasons to devote such a large proportion of cashflow to PPOR’s. Makes you think.

Hi Samuri,

Sorry a bit off topic. There has been quite a bit in the news this week about Auckland Residential High rise developments. The Mayor has this week announced a plan to improve and or restrict certain types of developments.

The new points system during the application process will fast track those developments that comply to the new…[Read more]

come on borginvestor (nice name by the way) what country are these deals in???? please don’t assimilate me into the collective consciousness for asking!!!