Forum Replies Created
Dave,
Check out the following suburb report on Mernda:
The main points I would consider are population of Mernda (only 844) and % of renters which is 13%. Doesn’t leave much scopre for demand…
All the best
DannyHi All,
Thanks to everyone who attended last night and to cameron as guest speaker. I hope all newcomers (and regulars) enjoyed the night. Stay tune for details of next meeting when we discuss negotiation strategies and /or valuers.
Cheers
DannyWestan,
I would be keen to know why they split too if you find out from your friend.
Cheers
DannyWestan,
Don’t know why they had a split but this link off the rich dad site confirms it as he has a new real estate guy, Ken McElroy
http://www.richdad.com/pages/advisorsken.asp
Cheers
DannyHi guys,
I may be wrong here but I have a feeling Dolf DeRoos is no longer associated with Kiyosaki, hence the different book covers.
Have read his stuff and it is a good read.
Cheers
DannyJo,
There is a Sydney group that meets to discuss property. Check under General Property for Sydney Discussion Group.
Danny
Martin,
I can send u a PM with more info on the night. The 2 speakers do not wish to be published on this site and therefore seen as spruiking, etc . They will be speaking to a small group of investors only. They have both spent time in the U.S recently.
Cheers
DannyHi All,
I can confirm the next meeting will be next Thursday 25th August at 7.00pm at 270 Auburn Rd, Hawthorn. Guest speakers will be discussing property investing in the U.S.
All are welcome (please rsvp to me or this post by Tuesday 23rd) including newcomers. Attendance is free.
Cheers
Danny
Adco,
If you are just starting out, best thing to do is research, research and more research. Do a search on this site for all the things you mentioned, go through the Legal section on this site. pick up books on property investing – Jan Somers, Peter Spann, Steve Mc Knight, etc . The more homework you do, the more you will save on the potential pitfalls.
Good Luck.
DannyGood call Dazzling re: the false mobile numbers and names. In the case at Sandringham, the police rang all 6 people who had been through the Open and guess how many were false? Just one.
Hi Property Passion,
Yes there will be another meet for our group most likely later this month. Venue is 270 Auburn Rd, Hawthorn. Stay tune for date details.
Cheers
DannyHi,
Yes there is. Check under my reply to the Vic property post under general property.
Also check out South East Melb Discussion Group under Heads Up for more info.
Cheers
DannyYes it certainly did happen. We meet every month in Hawthorn. August date is not yet set.
Check under South East Melb Discussion Group in Heads Up also for further details.
Cheers
DannyThanks for the replies,
My friend mentioned the speaker made many claims about what she had done (and had the nice big home and all the toys to prove it) but did not go into any detail of how it was done. It was more a less a spiel to get people to sign up for the weekend course.
Regards
Danny
Showersinger,
Check out whether it has a rental guarantee (in which case its usually loaded into the developers price) and also the size of the unit. Its a lot harder to get finance for units under 50 m sq and some student accom can be as small as 18-20 m sq.
Cheers
DannyToni,
There is a link under General Property for a Sydney Discussion group with TMA and a few others.
Good luck
DannyGuys,
Thanks to all who attended on Thursday night. (Good effort to come out in the freezing weather!). I’m sure everyone was impressed with the wealth of knowledge being shared.
Stay tune for details of next one – most likely same venue in Hawthorn, approx mid August.
All welcome.
Cheers
DannyAn average one will earn an average wage. The good ones will earn 100k+ even when the market is not going through a boom.
There is a recent post on this site on them under Opiniated.
Cheers
DannyHi Ben,
Sounds a little too speculative for my liking. Waiting for the property market to “really burst” in the next 6-12 months could be a costly exercise. You would incur selling costs of your home, plus buying costs in 12 months time (stamp duty, etc) which would erode any profit you may gain. There would have to be significant falls in real estate in the next year for you to win in this scenario. My feeling is (depending on which area you live, of course) the market will remain fairly flat in the short term but won’t drop massive amounts. Maybe you could do a heap of research, study this site, take your time and use the current equity you have to invest at some time in the future.
Good luck
Danny
