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FUN
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June 13, 2005 - 3:34 pm
Hi Natasha,
My understanding of the formula is that it provides a quick comparison of the property you’re looking at with others in the area.
If the % is much higher or lower than other similar properties in the area, it may imply a sign of opportunity and prompt you to investigate further. However, the final decision should not be based on this rent return %(RR).
Also, you can work out the minimum RR % in order to have positve cashflow, which set the minimum (total) rent you need to achieve if you’re going to buy the property and to have +ve cashflow.
From FUN
FUN
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@fun
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June 13, 2005 - 2:47 pm
Hi guys, thanks for the replise.
Not that I don’t like property investing, as an analogy, some people like jogging, swimming or anything, but they don’t necessarily do that regularly or diligently. Not because they don’t have time, more than often is that they are not motivated or driven. I certainly heard people who are interested in PI and started but also dropped out rather quickly.
I think people who have passion for PI have the advantage of finding the motivation to keep going. But people who have less passion but still interested in PI (probably like me) will need to get some other motivations or friends who can motivate each other to go through this path.
I hope you guys understood what I was talking about and hope anyone will share their stories.
Thanks!
From FUN
FUN
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June 12, 2005 - 5:06 pm
Did you mean the source from where people can get information?
If that;s the case, it depends on what info you’re looking for, may just go to Valuer General office for sales records or Transport department to check out the transportation etc.
Just some newbiee opinions!
From FUN
FUN
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@fun
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June 12, 2005 - 4:44 pm
I didn’t read thoroughly other replies and appologise if repeating anything.
My opinion, market trend is not the most important issue, as long as you have the ability/flexibility to hold and sell. If it happens to go down alot, then just hold this one (perhaps it’s +ve cashflow property) and buy the next few at cheap prices (due to market going down). Unless, your goal is to only buy 1 or 2.
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August 8, 2003 - 7:01 am
If you want to be rich, you first need to have the characters of a rich man. A rich man is rich because he has the characters of being rich, only then he has unlimited money.
From FUN
FUN
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June 6, 2003 - 1:32 pm
Just a suggestion for ‘sticky notes’Brent mentioned. When posting a new topic, may be helpful to put up a more descreptive title for the topic, not necessary long. Because I find that there are too many topics posted everyday, and I usually have not enough time to check out every thing. It may be helpful for others to search as well in the future.
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June 2, 2003 - 7:13 am
Thanks very much to everyone taking time to comment. Thanks David for your lengthy and detailed opinions.
Can I buy an investment property with my name and a friend name (who is permanent resident), and then do I still have all the restrictions set in the FIRB?
However, if I can’t get around to buy property now, I can just wait until I get my PR and keep doing my property research now.
TrueBlue, which areas you refer to ‘out of town’? I mean, is it area like Geraldton with 5/6 hours drive or somewhere like Kalgoorlie that needs travel in plane?
Regarding Armadale and Gosnells, and suburbs around, I read the REI report that they have more than 10% growth over last 12months (though can be misleading due to the current market now). As my aim is to acquire positive cashflow property, I’m not too concerned if it’s only little growth as long as not going negative. However, vacancy will be big issue. How do I find out how long in average does a property get rented in the areas?
Also, if I increase my budget to invest closer to city, will I be able to find positive cashflow deal, with the normal 80% or 90% loan?
Thanks again everyone, for informing me alot about issues to consider.
From FUN
FUN
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@fun
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April 8, 2003 - 6:41 am
Hi Steve,
To come up a book title, things should be considered are (in my opinion): what this book is about(of course), are they true stories and be done or just unproved theories, and something to astonish potential readers, and tell as much info as you can in as short title as possible, so that if my friends wanna buy in bookstore won’t have to mention a too long name.
Some titles I got, but may be able to be rephrased in a better way:
1) “True (or My) Stories to make positive cashflow in property investments possible in Australia (or in 21st century) — from 0 to 130 properties in 3 years”
2) “Positive cashflow properties do happen in Australia — My stories to acquire from 0 to 130 properties in 3 years”.
3) “Make (or How to make) positive cashflow properties happen — I did (from 0 to 130 properties in 3 years), you can too”
4) “Having 130 positive cashflow properties in 3 years is not a fluke”
5) “My techniques to acquire positive cashflow properties — from 0 to 130 properties in 3 years”
6) “Journey to positive cashflow properties — from 0 to 130 properties in 3 yeasr”
7) “How anyone can acquire positive cashflow properties — I did from 0 to 130 properties in 3 years”
“Path to retire young (or financial freedom) through positive cashflow property investments — stories from 0 to 130 properties in 3 years”
9) “Positive cashflow, retire young — stories from 0 to 130 properties in 3 years”
10) “Positive cashflow property is possible for dumber — stories from 0 to 130 properties in 3 years” — may be offensive.
Hope you will like one of those or combined of those.
From FUN
FUN
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@fun
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Post Count: 31
April 8, 2003 - 3:55 am
Steve, it may have been mentioned before but I haven’t finished reading all the reponses.
My opinion is, most people who know about you will almost surely buy your book. So the intro is focused and meant to attract people who haven’t heard about you.
Most people are “weird”, they know the importance of investing and understand the consequences of not doing so, yet they still don’t invest. Your wife story part is very good. It’s most people would dream of, but the “weird” people may need a bit more motivation to start. Like short tips of how to get out of comfort zone and start without yet saving enough capital….
And also people may think that you can do it because you are accountant or whatever, but engineer and medical people may think they can’t do it as they don’t have any business knowledge. Or they may think that they need another commerce degree before they know how to invest, or any reason that put them off…. Though you do mention accountant, economist… is not required, may be you can emphasise it more (like rephrase it, or mention at beginning, or quote it at the front or back cover page…. to get more notice) Just some suggestions.
Hope it helps for my first post.
From FUN