It’s a pity to see such an influential figure, however controversial, fall by the wayside. I hope his death is not in vain and more awareness of mental illness is recognised by the wider community. RIP

In Qld, on the PT trustee brochures their services advertise that you can actually pay for them to auction your property and they also do rental management aswell.

You can check them out at http://www.pt.qld.gov.au

You dont have to be dead to get all the perks![skull]

There’s been a few articles up here in Qld. that if you want to sell at a good prie at auction, it’s in the vendors best interests to go thru the Public Trustee.
These properties seem to sell for more at auction thru them than they would with a normal agent. This is because of the “investors” turning up thinking they’re gonna get a bargain and…[Read more]

Here’s one for you Dan, when I was 18 one of my friends of the same age wanted to buy a house in our town for $80 000 to do up and live in. He was pretty handy on the tools and was an apprentice landscaper at the time. However, his parents and others that he worked with laughed at this suggestion so he canned his plans and probably any plans for a…[Read more]

It would not be beyond the question to negotiate both in your favour in a declining market or from an over-stretched vendor. However, there would be no need to go around heavy handed, a lot of rich investors have done quite well from firm negotiations when the RE market is in the bin.

Ipswich, Toowoomba and Gatton are typically not that good anymore for +CF unless you wanted to buy using 50% deposits.

I know a number of places that are good in Qld. for +CF but the joys lay in self discovery.
I beleive to find a good cashflow positive property these days you’ll probably need a mix of a house that’s nearly there and some…[Read more]

You could try http://www.rpddata.com.au they do pretty good reports but they’re not free though.

Also the ABS at http://www.abs.gov.au is good for figures, but typically decent information comes at a price.

Good stuff Redwing, keep those motivational stories coming…

A method I use to determine positive cashflow is I take the first 3 numbers of a house’s selling price and then double it. That’s what the house has to achieve in weekly rent to be positive cashflow. Here’s a few examples;

House for sale at $100 000, take the first 3 numbers, 100, double them = 200, therefore the weekly rent must be $200 for…[Read more]

I would have loved to but with the cost of the weekend course I could have done a Uni degree.

You can find out about these types of events at;

http://www.powwowevents.com.au

I’m 23 and relatively new to the property game. For the future I’m seriously thinking about getting into the wrapping business, at this stage I’m into cashflow, not exponential capital gains.

For me it’s all about lifestyle, and the more money coming in the better.

A few years ago I thought property investing was for wimpy old codgers who were…[Read more]

Unlike Scotty3 I dont beleive you need to be liscensed as a buyers agent to bird dog in Australia. Obviously you can get licensed like Scotty did, but I’m pretty sure that it’s not a requirement.

You could pay off your first property and then take out a LOC on it at a smaller interest rate than your current mortgage and invest with that. I’m not sure how this would fare with X-Coll but it could be an option to help you move forward.

Good Luck…G7

Probably the best thing you could do is to increase your knowledge and understandings of the property market. This will serve you well when you do have the money to get started.

You’d probably need to look at the end of the rainbow for a property with high capital growth prospects in the short term.

Information about possibilities for growth etc. in the long term and short term is widely available. It just depends on who you are willing to listen to.

It sound like you’ve got a great deal, however dont screw yourself by getting the lease wrong. As Anubis said do your research, and dont take a shortcut to setting this up either.

You could easily be on a winner, but if something is missed you’ll be reminded often over the next 25 years.

Good Luck…G7

Property $200 000, annual rent $40 000, rental yield 20%… I wanna brothel too![satan]

A good piece of advice I received was when you come across a sudden windfall, pay off debt or do something financially responsible with it, and then forget the money ever existed. I suppose the misery of not squandering it is more than made up over time by giving your finances an extra boost for the long term.

Or if you dont want to do that, give…[Read more]

These types of investments can seem good on the surface, but they usually come loaded with different fees. Fees like body corp and management can be excessive and quite easily wipe out any sort of decent financial return.

But people do invest in these, at least they know there probably wont be any wild parties. Besides a 7% return on the one…[Read more]

My parents did this a little while ago. My Dad did the framework himself, which is fairly easy, so all up it cost about $460. This included the wood for the frame, the plasterer and the plasterboard. The wall was about 3m long (10ft) and a standard 2.4m high (8ft).