Hey Hellman,

Your post must have come up when I was typing mine…You dont have ESP do you???

Hey PT,

Regarding the bank manager, that’s so 1995, no hip, cool property investor would admit to knowing the bank manager, it’s all brokers these days and there are plenty of good ones right here on the forum.

RE agents are a necessary evil to investing, and I believe that unless you’re zeroing in on a certain area and type of property you dont…[Read more]

According to your profile you’re in Qld so I’m assuming the property you’re talking about is in Australia. I thought you might have been in the US.

This is completely foreign to me so if you carry on with this property please keep us informed as to how it pans out.

With a combined income of $175k per year, no you shouldn’t pay off your mortgage first, you should pay mine off then pay yours off.[biggrin]

I would really use that income to set myself up nicely through investing and put my home mortgage on the backburner. But of course it’s up to you. You could always invest quite conservatively while paying…[Read more]

Right. [biggrin]

From memory there is a magazine dedicated to Franchising available at newsagents. I dont know much about it but it might be able to point you in the right direction.

Also from what I know of personally, silent partners are fairly common in the franchising industry. Good Luck with your endeavours…G7

Hey Jenny,

Try these guys out;

http://www.aon.com.au/

They are insurance brokers who seem to do a pretty good job.

Hey Dazz,

In keeping with the ‘Millionaire Next Door’ theme of ‘stacks of money, s___tty car’ I’ve got a 95 EF Falcon (330 000km’s on the clock) I payed $10 000 for in 2001 that since then has had about $20 000 worth of smash repairs done to it.

Now here’s the problem, I’ve got the car but not the money… Have I missed something???

Peter Comden used to be a moderator on this forum. I think Steve holds him in high regard so he might be somebody that would provide good value in a development course.

I’d also be interested in doing something similar so keep us posted on what you find out.

If you think you’ve got nothing to lose and everything to gain and this company might be a little bit desperate, then absolutely go for the best deal you can get.

If investing with this company will help your financial prospects then do it, but be wary of trading yourself out of a sticky financial situation. Keep us posted on how it turns out,…[Read more]

Hey Matt,

Units like these can be quite hard to finance. If they are under 50sqm or 5 squares usually the purchaser has to chip in about 30% of the price.

Units like this, especially on the Gold Coast, can easily attract strata fees etc. that can really eat at rental returns as well. I think that you might be coming up against too many obstacles…[Read more]

Sounds like Asset Storage are having trouble selling their wares. It sounds like a good time to negotiate, either price or guaranteed return, you might pick up some gem investments.

Good Luck…G7

After the second or third letter demanding $0.00 my first call would have been to Naomi Robson and the team down at Today Tonight.

Grab my 15 minutes of fame while also having a good laugh!!![biggrin]

If you need info on wrapping in Qld there is a person on this forum, Qlds007, who basically invented wrapping in Qld. He is your first port of call.

Hey willi,

Have you considered selling it at an 8% yield?
A lot of investors would be very happy to buy a property like that in todays market. How about a 7% yield?

You could sell through one of those discount agents that charge flat fees if the property is that good and if these types of agents are available in the area.

Good Luck…G7

Yes this condition is called ‘analysis paralysis’ and every investor suffers from it from time to time. However, it’s good that this has happened because at least when you do eventually dive in you’ll have a good idea of what you’re doing by then, instead of none at all.

Dont listen to RE agents either, they’re a necessary evil to RE investing.…[Read more]

Yes credit cards can seriously affect somebody’s borrowing capacity.

On another note, if you are thinking about going for finance the very knowledgable people on this forum know every trick in the book to get your application over the line and there are many capable brokers aswell.

Hey Matt,

Try these guys;

http://www.dixonhomes.com.au/

Hi,

I’ve read that servos in country towns, even with 70 000 pop, can be a dicey affair, especially with Coles and Woolies aggressive petrol policies pushing out the smaller operators. But you said you’ve got a national tennant so I’d be happier with a BP, Shell, Ampol etc than Mum and Dad and Dave type operation.

I’m not the cluest about these…[Read more]

Hey congratulations that is an awesome story. The thing is what do you plan to do after that, if you brought the money back to Australia during a favourable exchange rate period you’re going to be pretty darn comfortable in life. [king]

A friend of a friend sold up in London, brought the money back to his hometown of Brisbane and immeditely set…[Read more]