The massive increase in value is obviously due not only to your renovation but also the property boom we’ve just had. You might actually benefit by staying in your comfort zone a little while longer and just watching and gauging the property market.

I believe one of the best ways to re-motivate oneself is to be totally prepared to just jump on…[Read more]

Hi Trent, welcome to the forum,

What historical/current data points do you use to identify a positively geared residential purchase … and where can one source this data?

If a house you purchase costs you more per year than the revenue it’s bringing in to hold it, then it’s negatively geared.

I’m assuming that accurately assessing a deal…[Read more]

As Rove McManus would say- “What the?”

If a house you paid cash for is negatively geared you must have a really shabby yield…

I didn’t quite get your post properley Jill, could you rephrase it?

This popped up today on Perth’s continuing property boom.

Check it out at;

http://finance.news.com.au/story/0,10166,16065850-31037,00.html

Good Luck…G7

You shouldn’t invest just because of migration rates rising in the bush. To do this and hope of CG’s because of this wouldn’t be the best move. However, if you believe that this sort of phenomena might be lucrative definately look into it, but I would be wary about doing this solely for that fact.

Do you think I am to paranoid or should I tell this PM to P off

No you shouldn’t do this, you should tell your PM to F____ OFF!

It’s your house, you dont need and cant afford to let people like this manage your investment. You can do better. Keep us informed of what you decide to do and good luck…G7

I dont know anything about Perth but this article about Perths continuing property boom might help you with your investing!

Check it out at:

http://finance.news.com.au/story/0,10166,16065850-31037,00.html

I’ve driven forklifts for $48 per hour on 12 shifts on the weekends (and this rate is certainly not the most!). Being a recipient of union induced employer generosity (ridiculously high pay rates) can certainly help the bank account. And friends have worked night shifts as storemen/forklift drivers for $35+ per hour, in the car industry.

Also up…[Read more]

That is a great post, I love these types of articles. And also the more negative the better! (seriously). I’m a believer, apparently everybody goes through 2 recessions and a depression in their lives and the baby boomers are yet to have their depression.

Great article, keep them coming…

Each to their own, everybody is different. I believe investing, especially property, is also very much about when and what to sell.

Regarding the PPOR, I’d rather have a really nice PPOR and 5 IP’s than live in a cave for the sake of affording a few more IP’s.

One thing I always consider regarding investing techniques is that Dolf de Roos,…[Read more]

Typically most renovators would baulk at $40 000 worth of termite damage. Dont worry about not having the capital for this one, there are plenty of renovator properties that would be quite lucrative and they are everywhere!

Keep looking and you’ll eventually find your ‘worst house, best street’ pot of gold.

The resale prospects could be really tough, it doesn’t matter how good you renovate it, I believe you would have a hard time selling a place next to a pub.
As a historical property you might have issues regarding things like a heritage listing aswell. However, sometimes the greatest profits are made via investments that most people wouldn’t…[Read more]

Unfortunately Amway have given the industry such a bad name

I can understand your feelings but I know many people who have carved out a really nice living from Amway. The problem you are referring to is the idiots who gave Amway a bad name, there is nothing wrong with the business.

Generally though, a network marketing business can be a really…[Read more]

They can be hard to finance and management fees etc. that are usually involved can be a hindrance to cashflow to say the least…

You might want to come to an agreement with your relative on an hourly rate for their bookkeepping duties or you could say ‘I’ll give you $____ for doing this, that etc.’

You would work out how much is ‘right’ when both of you are happy with a price for services received and rendered.

You may want to check with the relevant Real Estate Institute in the state you are looking at. Or you can do it the old fashioned way, ring up agents pretending to be a tenant and see what you can find out from that.

Yes they are difficult to finance and the fees involved with investments like these can be prohibitive to say the least…

Thanks for the responses guys it has really helped. See Change that link you provided was awesome, thankyou very much.

I’m leaning further and further away from Rocky invesment wise the more I see and hear. Just have a look at this disgraceful…[Read more]

Hey Shawn,

Congratulations on the added equity.

Have a read of some of these;

http://www.google.com.au/search?hl=en&ie=ISO-8859-1&q=carbon+credit+trading&btnG=Search&meta=cr%3DcountryAU

…G7

There is a lady on the Sunshine Coast, Dymphna Boholt, who is making great strides as a wealth creation adviser through property.

Viva la accountancy revolution!!!