Hey Ken…you can't go worse then visiting my website for some simple, easy to follow tips. I've done some of the research, some of it you may find useful, some of it may be useless to you.  You are 100% correct, do you research, read the forums, visit and talk, find a guru or a mentor. These will all add up to a successful purchase.Good luck,…[Read more]

I used to think about $6.5million…..now I think $1.4mil is enough to do the things people are referring to (i.e. more time and yet still get an income)…I think I am about 1/7th of the way there…

My car is a 1998 Holden Combo (a Barina with the van at the back, aka The Tardis) – excellent car for renovating. My missus's car (our "real" car) is a 2003 BA Falcon we bought last year from the govy auctions for $11,000. I swore I'd never buy a falcon again, but somehow, this is now the third piece of crap in my garage (j/k, its OK).

I guess there are many many things you can do, especially with a 90K/year job. Here are a few scenarios:1. Re-evaluate your IPs…how much are they negatively geared? Are they your best options? Could you sell and do better?2. Sell one IP, reduce your debt on the second IP. Does this turn your one IP into cf+?3. Invest more of your money. At $90K,…[Read more]

This has crossed my mind a couple of times, going into an IP with a friend/family member….more info would be appreciated…

Vendor bids are bullcrap…auctions run this way are bullcrap…does not follow supply/demand theory. I've seen these on the telly and was just laughing at the stupidity of it all….setting a stupid reserve is like saying, want this house for $XXX,XXX? Waste of everyones time…phew, glad I got that off my chest.

Generally speaking, IMO, everyday mum/dad property investors should not even be looking at cycles…my general rule is: the earlier you buy, the better…whether its a high, trough, whatever…

Mortgage Hunter wrote:
Why not both in your portfolio? Thats what I do. Simon Macks Residential and Commercial Finance Broker simon@mortgagehunter.com.au 0425 228 985 Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

I read…[Read more]

My day would be like this:Wake up at 9:00am….breaky etc…Go to gym in the morning – work out for an hour or so….Restaurant for lunch…..Afternoon session a bit of shopping/movie/ride my motorbike…Watch Telly on my 500inch plasma…End of day…For a few months every year…travel….

Just updated, added a few sections….came up with my 5 tips for investing….tell us what you think..

Speak to your bank and/or broker….they will give you a rough estimate in approx. 20seconds…In general, I would say 5-7% of property for fees…

I think you may have missed the boat….Dalby, Chinchilla, Miles and the Roma corridor is now way overpriced….I have a fairly typical house in Miles and its probably worth at least $170,000, if not more….there are still some "renovators delight" bargains popping up now and again…Miles in particular is due for another mini…[Read more]

Auctions are indeed funny places….

Nice…I think that would work very well….a bit like selling a car on the street…

My general rule of thumb: If you can afford it, keep it…..if you need money…..sell it.

Ipswich in my opinion is an excellent growth area due to the current low socio status of the region. This means houses are cheap, but eventually, this satellite town will be huge…For a bit of a risk, I believe the Logan corridor is still a great option. Kingston/Woodridge/Slacks Creek are still way below average Brisbane prices and are only…[Read more]

This is a load of crap…there are much easier entries into property, but people are being held back, as I once was, by not being creative with sourcing loans and living beyond their means….I mean $125 for car payments for a week???? Get a grip on reality…

AmandaBS wrote:
I know it takes a huge amount of effort and time to develop a website so well done for taking the plunge but I think ours is better!!

NICE……Well done, similar to what I would like mine to end up like…maybe one day…

Thanx for the honest feedback…I agree, it is aimed at that particular market segment. I hope that, with time, the content becomes much richer, appealing to a broaded audience…Hm…optus website does need to be rectified, where are those free domain names…..

This is just "my point of view", but it is backed up by a bit of information. A friend of mine used to live on Russel Island and assures me that it was not ideal. While there are cheap blocks and some cheap houses, you must keep in mind that islands segregate people from mainland. Yes, at first thought you think, yes, but its only a short ferry…[Read more]