Mateka,
Just be careful about what you take in from the API magazine. Most articles are written by people who make their money from the property industry.

I know plenty of couples who have bought an expensive house. The way they manage it is to live off ones salary and the others goes into the mortgage. As for a deposit, usually they are met half way by family. eg. they need a $30k deposit, save $15k and the rest usually comes via the parents.
However, future changes haven’t been accounted for in…[Read more]

Another term for ‘factory off the plan’ is financial suicide. Off the plan is considered by many as a dirty word as these types of properties have the next 10 years capital growth included in the purchase price.

You could always ask the vendor to leave in some finance and get a mortgage with him drawn up separetely. However, if this arrangement erodes your returns too much I’d be questioning the investment.

If there’s a will, there’s a way!

As a young investor I’d like to read about stories of people who started young, what they did and how and the position of where they are today. Also a book like this would be great; like Steves books because they are by Australians, investing in Australia for Australians.

Good Luck[specool]…G7

Yeah, I definately agree with Torachan, the real investors bought 10 years ago, sold everything 2 years ago or aren’t even in the market at the moment. The clock is definately ticking and it’s been getting louder for some time.

There are but they are nowhere near as lucrative as in the US. When a property is foreclosed on, the mortgagee has the legal onus to sell at fair market value.

If I was you I wouldn’t buy a place, not at this stage of the cycle. If you can rent do it, be patient because if you can afford it now, you’ll be able to afford it in a years time.
Even though you’re making good money, dont tie it up in something as expensive as a Sydney apartment.

Go to google.com.au and in the search field, type “Bendigo building inspector” or “Tamworth building inspector” etc.
This also works for pest inspectors aswell.

No, I wouldn’t. A lot of positive news about the property market is made by people with vested interests. Keep your hard earned in your back pocket, there are plenty of better ways to blow your money![wink]

You could then get an MBA to go with it for $125US allowing upto 28 days for posting courtesy of the world wide web. I am adding to my collection very shortly!

Harvard here I come![grad]

Steve’s first book is a great start, also check out other RE books at the book store, they cover wrapping too. It’s basically an overview of wrapping and you can use a forum like this to fine tune your knowledge.
At the business end there are plenty of resources, people etc. that can guide you exactly.

Happy wrapping!

Yes, attention to detail is paramount. Also presentation too, the house should be absolutely immaculate when you’re on the market.
Simplicity, simplicity, simplicity. Try to create a “blank canvas” for the next owner, remember you want in and out ASAP and this helps you to do it and keeps costs at a minimum for maximum return.

Specifically no…[Read more]

This probably isn’t much help, but I look at US real estate at http://www.realtor.com
There might be some helpful links there.

Good Luck G7

P.S. Nevada has minimal state taxes regarding proerty investing, and with 5000 interstate migrants each month, the market seems to be going from strength to strength.

I feel that property took off after people got spooked by the tech wreck. Also property had been flat throughout most of the 90’s, so it’s time had to come sooner or later.
Also I think home equity loans are largely responsible for the sharemarket surge and the high number of new cars on the road.
It all goes in cycles and property has had it’s…[Read more]

Awesome post. I’ve been laughing at this plan for nearly a week now. Idealogical rubbish, who wants to live in an ugly McMansion on 500sqm in Ipswich and catch a bus to the Gold Coast?

There aren’t really many towns left, unless you want to buy a big shoe in the bush and rent it to someone who has 14 kids.
Try Steve’s 2nd book, it covers quite well achieving +CF in todays investing environment.
Also try some people on this forum who have lists of +CF propeties waiting to go.

Good Luck…G7

Well…where do I start?…Great article[sleepy2]

These types of investments are hard to finance, because usually they’re so small <50sqm, and if you can finance them you usually have to put up about 30% yourself.
Body corp rates on these can be astronomical, I’ve seen 60% of annual rent eaten by body corp fees.
The net return of 7.5% is nothing special for these investments, you can get a lot…[Read more]

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