if you are looking for a safe rental income then i would have to recommend the group that rents my property, Homes North. they are a goverment funded, non-profit group that rent to non-rentables, meaning people that have either not paid rent or have damaged there other properties and no one will rent to them any more. sounds pretty scary i know…[Read more]

helloit is all about balance, if you cant sleep at night due to worry then buy something cheaper, as long as you make a start you will build confidence with time.

Hi, this is someone else's idea but i will forward it.If you have some good negative geared properties for around $350k with good CG, then buy  2 of them, work out how much money they will be taking out of your pocket, and get a small line of credit that will cover the loss for 3-4 years. By doing this your CG wll out ran your losses by a fair b…[Read more]

sounds great Jason  (Mid east QLD)failureisnooption@hotmail.com

hi all,well since i have never heard of a unit trust before i would like to know everything, how they work with property, how they share risk, what is needed to start one and how much will it cost to keep it (running costs). ?????surely there has to be some kind of infomation out there on these, how does anyone learn about them.brain fart, p…[Read more]

GetRichOrDieTrying,if you have plans on buying a property to live in within 2 years why not just save as much as you can in the place you are in right now, by the time you buy a place, pay all the fees and charges and mortgage repayments you will be worst of then if you just saved the difference between your rent and your future mortgage…[Read more]

hi there,i heard of this from a friend so not to sure if it will work or not but some one here should be able to correct me if i wrong.depending on who pays the most tax you or your wife buys the other person out of the IP, putting it in there name only, then use the cash to pay down your PPOR.the person who did this was in NSW so different laws…[Read more]

hi there,what i did was get on to real estate.com and lookied up previous sales in the area and that gave me a good indication.

bronte,Have you ever thought about gettig a financal backer ? ths is a person who can see you have a reno gold mine and will pay for the reno's to be done and take there upfront money as well as a large chunk of the profits, but you will not loss anything.what i would do if i was you would be to grab the phone book and start calling builders in…[Read more]

is buying a house no money of your own really that hard?

hi,google "pod property"  they have done up the documents just that, for a fee of about $350.

hi there,for your legals under a JV , i was told about  pod property, and it seems to be a pretty good set up when it comes to JV contracts, they will try and sell you there loans and other services but they may be just what your looking for. i think they work on a house by house bases.just google pod property and you'll find them

 hi all,in your situation were you want to buy a property, so it up and sell in your local area and the market is at it's high point then my view would be to start looking but don't buy until you are sure it will work. the saying "the best time to buy property is now" is true but the rest of the saying is "somewhere" so if you do want to buy in…[Read more]

contrarian,thats just straight up nasty, just a question for your self, how big are your horns? the way your headed you'll be a defences lawyer very soon. i must of meet your clan buddy the other day cause he said to me "if you want to get ahead in life, the only way to do it is to take out life insurance on a homeless bum then ran him over and…[Read more]

i have to disagree with your comment about "there are no +ve properties" i am a first time investor and within 2 days i found 3 +ve geared properties. and that is at 95% LVR and if i dropped it to 80% like steve says there are loads of them but if you want +ve geared you might have to give up CG for a few years. A lot of people say thet they read…[Read more]

hi all,i have been saving for a year or so and saved up about $12k, i have put down 5% deposit, or $4,400 plus all legals buying costs of around $5,000. budget of $10,000 covered it. i offered $82,000 and when they refused i asked for the rent on the lease to be increased by $5 after 6mths so it would cover the increase to $88,000 (or at least clo…[Read more]

if i was in your shoes i would buy 3 properties in neat areas, for around $200k each, only paying them down till they are just -ve geared ($100-$200/yr) and just sit back and let them grow and just keep doing your jobs and living your life. if you can save up $70k and have about $90k in equity, and not made a move already you must be happy with l…[Read more]

emmajane06thank you it is just what i have been looking for!

 springwood and roachdale were the two areas i looked at and both had a strong growth history

 hi there,just one question,  Why sell?