Yack,

Your concerns are valid, some indicators show that the economy is starting to slow, the Gov. released figures just recently, retail spending is down 0.7% and new home approval’s have dropped 2.4%. We also dropped U.S. 1C on the Aussie dollar.

There is even a rumor that the Reserve Bank will in fact not raise interest rates next…[Read more]

Michael & Tim,

You both make excellent points. Not to be paronising, well done.

Thanks for the posts.

Hey Yack
I am living in my PPOR and paying it off.
My propoerties are in Midland and High Wvcomb. Both in the Perth Metro area.

No one is saying it is easy by any stretch of the imagination. The deals don’t just fall in your lap, you have to make them work.

Cash flow is what I am looking at presently, but as i said previously, if the figures…[Read more]

Hi all

Movies huh…

Action – Aliens
Drama – The Usual Suspects
Comedy – Lock Stock & Two Smokin Barrels
– Snatch.

Yack…

I am a newbie with two properties, only aquiring the second one recently.

Thanks for the warning, although I am wondering how much of Steve’s 2 books you have actually read.

It is explained quite simply that research is the answer, along with preparing for the worst case scenario.

Interest rates can be fixed for periods of time and…[Read more]

11 Second rule.
Weekly rent/2 (ie halve it) X 1000.
If the cost of sale is equal to or below the figure offered for sale, it is a good starting point. Just check for oddities and unusual expenses.
You cna check the town or area on the internet, some places list economic stats, unemployment etc.
Be careful of using one agent, they could offer a…[Read more]