Forum Replies Created
Yes I can see why many would be nervous about putting all that extra money into super that they cant touch and is left exposed to the Governments pilfering. Imagine a stock market crash of 1929 magnitude the year you’re planning to start drawing your super…
I think I know the type of property you’re talking about. These can be difficult to finance and also with industry specific property you must do a thorough due diligence process.
Good Luck…G7
You could let the agents in the area you’re looking at know that you’re after ‘development sites’ etc. There is no reason why you cant be cut in on the good deals too before they go out to the general market(if this is what’s happening). If you come across as serious and sincere of what you’re trying to do then you shouldn’t have too much trouble eventually getting what you’re after.
Hope this helps…G7
What Schwing said about researching and increasing your knowledge is very important. You could also get onto a finance broker, there are some very ood ones on this forum, and find out what you can borrow and do with what you’ve got already, then you could move on from there. You could also start looking at houses etc. to get a feel for the process, what’s out there, prices etc.
Good Luck…G7
Hey Bonnie,
Do a search for posts about selling privately on the forum. Also you could try google for info on selling your home privately. There are heaps of resources.
Hope this helps…G7
I dont know of a site but in the Saturday newspapers they advertise caravan parks, motels etc. for sale. There might be some in there that are suited to what you’re after. Also you might have some luck contacting a broker that deals in these types of businesses that might be able to help you find one.
Good Luck…G7
Hey browny,
Do a search for heritage financial on the forum, there is a bit there. I couldn’t post the link to the search result page, it’s not working, so do it yourself goddammit! [biggrin]
Happy reading…G7
The reason I’m not buying at the moment is because I’m solidifying my financial position and I beleive that better buying is down the track a little. What I mean is that what I want to buy now for say $200k, I sincerely believe I can pick up for say around $170-180k within the next 12 months. And probably even cheaper within the next 2 years.
I firmly believe that petrol prices, the latest stockmarket hiccup and other factors are turning market sentiment after ages of sideways movement. I really believe that confidence is already starting to slide in relation to property and the strain of many home owners and investors is starting to weigh heavily on finances and quality of life. I could keep going…
Anyway, really good post, should provide many more interesting responses…G7
Who knows what the price is, research and find out all you can yourself, that’s where true investing starts. You could also ring RE agents in the area and ask exactly that question.
As to units in West End or somewhere else, and whether they’ll increase or decrease in value, well that’s your call as an investor. You shouldn’t have too much hassle finding out what you want to know.
Just remember, the true joys lay in self discovey.
Good Luck…G7
I dont think as a private citizen that you could get access to the ‘database’. Maybe get a friend who is an agent to see for you, but in any instance be very thorough in your checks with prospective tenants and check those refrences.
Also a good way is to have a look at the state of the inside of a prospecive tenants car, it’s usually a good indication of how they keep their house too.
Thank Celivia, I really appreciate your help. With that ‘quote’ button at the end of each post, I had no virtually no idea it was there let alone what it did.
The link thing ‘click here’ seems a bit messy but at least I know how to do it now. It took a few go’s and even though my computer almost went for a trip out the window I’ve got the hang of it now.
Thanks guys…G7 [biggrin]
Originally posted by Celivia:This is what my son advises about your first question:
is made by:
[ url = “http://www.test.com” ] click here [ /url ]but without the spaces.
Hope it works.Celivia
And now I think I’ve got the hang of this.
That’s worked, thanks Celivia and son, great teamwork!!!
That sounds like an absolutely terrible investment, unless of course you think it will appreciate enough to warrant the investment. But it sounds like it’s already got the next 10 years capital growth factored in. You could do a lot better with your money, but probably not much worse.
Are they big dogs that wreck everything. If the house is in an area where rental demand is good, I’d say find another tenant. You dont need that niggling worry in the back of your mind. Also if you rang the DFT and Attorney General again and spoke to someone else you’d probably get another response.
But if you do let to these tenants make sure the stipulations in the lease are clear and concise and everyone knows where they stand.
If I told you where to start looking, I’d be giving away my secrets then, wouldn’t I?
Seriously though the places where you can buy cashflow positive property ‘off the shelf’ in Qld are towns that investors really shouldn’t be going near. I presume these places are hard enough to live in, let alone invest in. Properties in these types of areas can sit vacant for months or years. There is a reason why a lot of these propeties still haven’t been snapped up.
Obviously I’m predominantly talking outback Qld. Get yourself a great big detailed state map and start the process, that positive cashflow is very much still out there.
Hope this helps…G7
You’re in an excellent position to move on in life whilst also having the security of a solid foundation to fall back on if need be.
People with a lot less have made that ‘leap’ and done quite well, so you’re in a great position to set up for a comfortable future. Good luck and keep us posted on how it all works out…G7
This is from the ACCC.
http://www.accc.gov.au/content/index.phtml/itemId/709246/fromItemId/142
It’s a pity that this has happened really, I thinks it’s just a case of inexperience and over-zealousness. It really was good value for money and helped to change many lives for the better. I really believe the ACCC is walking a fine line here and making a mountain out of a molehill. But the wealth creation industry is definately under scrutiny and these guys have been caught in the crossfire. They genuinely are above board people and I hope that things turn out all right for them.
Happychic, You would be thinking of somebody else unfortunately. She did the course in Melbourne.
I’ve seen a property that is to be wrapped advertised the conventional way through a Ray White real estate agency.
When your property has changed from a 2 to 3 bedroom place, the council, the titles office, the FBI and CIA doesn’t need to be informed. In fact you dont have to tell anyone, not even the neighbours.
When you sell it as a 3 bedroom place you will have no problem whatsoever. Unless of course your prospective buyer is after a 4 bedroom residence.
