http://seven.com.au/todaytonight/story/?id=17719

Rgds.
Lucifer_au

For question 1: If I was putting no cash into the deal (rather equity) I still would inc. because if you do use a % of your equity you can’t use that on other deals, therefor you have to work out how hard your cash/equity is working for you (and you want it to work hard) and to make sure the deal is worth it.

Also you will have to inc. borrowing…[Read more]

I would first talk to the Uni (and RE Agents) about the accomidation situation. Also find out the average rents and think about how you can handle vacancies (esp. over the Christmas break).

Also collecting rents can be difficult, very difficult, as well as maintanance. A lady called Marleen Geyen has made it a particular successful niche. So…[Read more]

Yeah I know I’m a sucker….

Summary:
Total annual rent = $14700
Total annual mortgage = $3720
Total annual costs = $1450
Total annual cashflow = $9530
Total funded costs = $6125.00
Annual Cash On Cash Return = 155 Percent
Cashflow Positive Weekly = $180

Sucker for a damn good deal…

Of course the guy who sold it to me made $30K (and god did…[Read more]

MMmmm….

A bust in 2008… I don’t think so, mainly because of the baby boomers. Right then they will be earning quite a high income so why would they sell their properties? Yes negative gearing hurts, but does it matter if you can afford it?

There probably will be some sell off from ‘don’t wanters’ – owners who couldn’t be landlords and people…[Read more]

How are the holiday caves with the temps? is it bearable in winter? I’m guessing you would be losing some serious makeral if it wasn’t… Hibernation might reduce CF too…
Finding a CaughtFish+ deal is always pretty good though (even if it is a bear market).

I read recently there might be a freeze on all developments too(?), so that would reduce…[Read more]

I agree with Benny. Education is the most important thing when it comes to investing, and when you are young your education is even more important as hopefully it will help you avoid expensive mistakes as well as allow you to start laying a good foundation, so that by the time your finished you will be very rich.

Check out 3 books from Robert…[Read more]

With multilisting it can be a race to the bottom. Basically because of the competition Agents more likly want a quick sale (to get their commission) and so therefor are more likely to reveal sensitive info (e.g. they rejected an offer at $300K, but they did tell me the least they would sell at is $308-$312K). Also some agents refuse to deal with…[Read more]

Selling an option on a property would be hard to define as bird dogging.

Rgds.
Lucifer_au

“Forecasters expect retail spending this festive season to hit a record $33 billion – about $1650 for every person”

And people wonder why the gap between rich and poor widen… I think it has something to do with those ‘small, easy monthly payments’ and the lump of plastic….

But hay I just love debt and credit so I won’t complain (and no I…[Read more]

Mmm… Interesting concept…

It’s hard to put a figure on it…

At the start perhaps $200-$300, but if it was quite good I would go up to $500-$700, of course at that price I would expect good search options, +email alerts etc.

Also I’m assuming that it’s for a large range of properties (rather than just all OffThePlan properties, as an…[Read more]

Well heres my 4 books:
~Rich Dad, Poor Dad – R.Kiyosaki
~Cashflow Quadrtant – R.Kiyosaki
~Money Secrets of the Rich – J.Burley
~From 0 to 130 Props in 1 Yr – S.McKnight

That should give you an excellent grounding at the very least.

Rgds.
Lucifer_au

1. Start to really pump one of my business (and start to be really proud of it).
2. Start up a Prop Bus (with partner) with 6/7 witin 6mths.
3. Add more lots more properties to portfolio (CF+).
4. Might try my hand at developing… (depends on upfront $$$).

Rgds.
Lucifer_au

I wouldn’t have anything to do with a company that would try to sell one of my properties for lower than Bank Val. The lady probably reduced her commission becuase she thought it was going to be an easy sale. Stay clear.

Rgds.
Lucifer_au

Hell I recieved more money in the last 2 months than I would recieve at any job (based on my non-job experience ;->). So I would rather get rich very quickly than just quickly… Of course that menas I have to be more educated and sophisticated in my investing – and this takes constant learning as well as action and correction.

So I believe it is…[Read more]

The question becomes can you carry the property for long enough untill you get a new tennant? If you can’t I would be extremly wary of it.

Rgds.
Lucifer_au

While I haven’t invested (or worked) with Rick 0tton, but he has been in business for quite a few years, and since I provide the same return to my investors (using a similar technique), it shouldn’t be too hard for him to give you that return.

Rgds.
Lucifer_au

Howm about doing a lease/option (or wraps) on the non performing properties? You can command premium payments without much downside.

Perhaps it would of be better to go after CF+ properties. You don’t have to work as hard since they are putting money into your pocket.

Rgds.
Lucifer_au

http://www.jaffasoft.com

And free!

Rgds.
Lucifer_au

I think Spann’s book is a good one, the only problem I have with it is he is to a degree pushing high growth. The problem wih high growth strategies is that they don’t tend to work when there is no growth… And right now I’m guessing there isn’t going to be that much growth…

Rgds.
Lucifer_au