Hey Kay,

so you are an interest and principle person. I thought I was a dying breed. Although the “smart money” argues for interest only — and I do understand the logic behind this concept — I also like the idea of owning, (even if slowly) an increasing share of my property.

What do others think???
[cap]

Hey Aceyducey,

you’re the man (or woman)[king] — once again brilliant advice. Have you ever thought of writing the definitive book on real estate[thumbsup2]

Keep the knowledge coming.[grad]

Your Number 1 fan [blush2][blush2][blush2]

Hi,
Razor Ray’s initial question concerned the advantages in setting up a trust. Although the replies have been interesting, I felt some detail was missing.[blush2]

Are trusts always the optimal solution? Are there any negatives associated with trusts. I have heard about hybrid trusts — what are they?[worried]

This afternoon I ordered Dale…[Read more]

Hi,

thanks Jet Dollars — API magazine is great. Look forward to reading each issue.

Boyler Room — I read Steve’s newsletter and also Michael Yardney’s. Both are informative. Thanks for the tip regarding your newsletter. Will subscribe ASAP.

C’mon everyone[sleepyanim]. There must be many more practical newsletters out there.[blink].

Let’s…[Read more]

Hi,
first of all you need to select an area rather than attempt to cover all Australia.[blink] Visit this location and get to know prices (in other words, what represents value for money in your price range). Then speak to all the agents — identify one or two who you believe will work in with your requirements — not flog any property, but meet…[Read more]

Hi Bennido,
I know I will be shot for making this statement — but I believe in a social conscious — making money is not the be all and end all of owing property. [rolleyesanim]

I have a tenant who has been in a unit for 10 years. She has a disability and therefore her income is limited. At the moment she is around $27 to $30 per week below…[Read more]

Hi,

why not concentrate on an area or region rather than trying to locate properties around Australia. [blink][blink] Then if you find a few of interest, hop on a plane over a weekend and follow up. The advantage to this strategy is that you will build up some relationships with local agents; also you will develop a level of understanding of…[Read more]

Thanks Aceyducey.[biggrin]

Wished I had your expertise[blush2]

Regards,
Helen

Hi all,

in your experience, is it better to use a builder or archicentre. I thought the latter. Any other views.

thanks,
Helen [biggrin]

Hi,[biggrin]
could I follow up on Aceyducey’s comment —
Actually it will make no difference to my cash position at all.

But it will provide me, and other experienced investors, with a number of purchasing opportunities.[specool]

For us less experienced investors, how about throwing some light on your comments.[confused2] Hoping to hear from…[Read more]

Hi all,
thanks for your replies. Its more than just understanding the conveyancing process — I really would like to get a handle on contracts — what they really mean[bulb]. I have bought a couple of properties off the plan and the contracts usually weigh a few kilos — really difficult to get through and remain sane.[blink] However, its best…[Read more]

thanks Steve,
will hold you to this

[biggrin][biggrin][biggrin]

Good luck with the book deadline.

Hi,
you have to take the good with the bad.[tired] In some years expenses per property are hardly anything, but next year the onslaught is neverending. With a smaller property, painting, new carpet plus usual expenses (council etc) can wipe out profit for the year. Its happened to me twice. You just have to take the highs with the lows — and…[Read more]

Hi,
I just came across something which should assist you. Go to http://www.knightfrankglobal.com/research.

On the top left of the page you will see “reports by area”. Click on australasia. When the page loads you will see a report under General Residential “Australian Residential Markets – North queensland market overview”. The report was compliled…[Read more]

Hi,
why don’t you start talking to a few agents to check out the good and bad areas to invest in. Give them an idea of what you are looking for and see what response you get. See if you can get back copies of the Midwood report — will provide some useful background data on Rockhampton. Will also give you some idea of other areas to invest in.…[Read more]

Hi Peter,
just a thought. Perhaps you could get in contact with the peak body for both accounting and financial planning and ask their advice for suitable training programmes. They should be able to steer you in the right direction to ensure you pursue recognised qualifications, suited to your needs.
Regards,
Helen

Hi,
couldn’t buy sight unseen — too conservative. Going the buyers agent route is OK although I haven’t done so. I just feel if you spend a great deal of time looking into an area, and then additional time searching for the right property — then a site inspection seems a logical conclusion to the process. Web advertising can be misleading;…[Read more]

Hi,
what is the purpose of buying a property which might be positively geared if in the future you can’t find any decent tenants (or worst scenario NO TENANTS). On top of that your post indicated nil capital gain. This type of property won’t add very much value to your portfolio and could be a lemon in the not too distant…[Read more]

Hi Purse,
thanks for the reply. I am aware of the book “Clauses Made Simple” by Robert Balanda. I felt this book was directed at the property industry. The blurb for the book states “an ideal reference source for those in the property industry. No business broker, agent or solicitor can afford to be without this resource”. I thought it might…[Read more]

Hi
thanks to those who responded.

I would NEVER consider doing my own conveyancing — or handling any legal matter.[dunce2] All that is best left to the experts. But I felt that in order to be an effective investor I should understand the legal process. In the past when I have received a contract I have attempted to understand key points in…[Read more]