Hi, Spocky.
You should look for places that look run down – various reasons, and they won’t necessarily be in a bad area. Ask the agents what properties have been listed the longest – and why. If they don’t know, then ask to speak direct to the vendor.
Some people need to sell urgently, so they will take a lower offer, but in a rising market, you…[Read more]

Hi, Sandune.
Have just been up to that area, and would agree totally – land with sea views is still available and as the South dries up, investors are moving further North to affordability.Have just bought 2 blocks which I could only dream about if they were in NSW. One I will develop, the other was bought at a huge discount – private sale from…[Read more]

Hi, all.
Sorry for the delay – have been away looking at qld property, and then when u get home there is the stuff to do that you couldn’t while away – where is that magic fairy? Since I too live in fairy land,(tho’ no one’s been game to use that exact term to me) I would love to come home and find the fairies have done it all for me………one…[Read more]

Hi, Darryn.
I also live in Goonellabah, and have just sold an housing comm at a profit of $40k, and I must say that it was an excellent investment, owned for 5 years, only vacant 3 weeks in that time, and had no problems with any tenants. In reality, over 90% of tenants are fine, so the odds are in your favour.
If you would like to contact me…[Read more]

Hope isn’t driving greed – it is driving people to get off their backsides and try – and that’s a good thing.[]
They are not fooled, they are encouraged to have a go. Most won’t even bother, but for those who do, it’s worth the effort.
If they follow the great advice that’s available not only from Steve, but from heaps of places, then they have…[Read more]

What the hell is wrong with selling hope?
The masses generally follow the leader, and don’t believe there is any….but there jolly well is. If Steve and others can change this, then good on them.
My dad had a great saying, and I think it is so applicable to your postings about this site.
“Nil desperandum el bastardo”
loosely translated means -…[Read more]

Paul, I think here lies the crux of your beef with this site. Most people on this site use and understand, that if you look for bargains with excellent returns, then the bubble pop that you refer to will not affect them too badly. People who are relying on cap gains will be burnt, because the income will be harder to sustain – ie higher renters…[Read more]

Hi, Chan.
This is exactly what I am doing at the moment. I am returning at beginning of May to do more research, having seen heaps on the net. I am a buyer’s agent, and could search the area to Gladstone for you (from NSW border up), if you would like to contact me thru [ahob@bigpond.net.au].
Otherwise, there are lots of people from Qld on this…[Read more]

IS $2195 TOO MUCH?
This depends on what each individual gets out of it. I have only ever attended one seminar – $800 for a weekend (Peter Spann’s Freeman Fox seminar) and personally thought I was mad, but was pacified by the 100% money back guarantee – however this had to be accepted by noon on the 1st day – so I persevered, and found that just 1…[Read more]

Hi Paul [!][] – do you wear ribbons in your hair?[8][8][8] I CAN’T KNIT, AND I HAVE A DISHWASHER [][]- much rather do the real estate investment full time. Won’t be appearing on any shows as I have made good decisions.
While I did say it won’t pop – it may level – which is quite a different thing.
Have u noticed how the experts can’t work out why…[Read more]

Unfortunately, you learned a hard lesson – don’t try to be too kind – do things by the book, so that you have legal backup.[]
Often you will find that people who sound so nice are quite the opposite – most aren’t bad, but they bear the brunt on behalf of those who are.
The law acknowledges that such people exist and will rip you off, and this is…[Read more]

I am of the opinion that this bubble will never pop…..why? because there are too many people like us who have done the research, and are now aware of how to access our existing equity to leverage to more and more properties.
AND we are growing in number!!Just be careful to not overcommit, so that if others have, then you can come to their…[Read more]

Susie, u will find your accountant will love you if you keep them separate![]

Hi, dot.
If you research, there are REALLY REALLY nice pre-fab homes on the market – not cheap,but no dearer than some ‘van park’ relocatables.
Check these -[www.aussiehouses.com.au]and if you look in the Sat Telegraph, there are quite a few others.
Good luck[8D]

H, Susie.
You might find a lease contract at the newsagents, and tenants pay for their own water and electricity. You should pay for the provisions of services, so the gas bottle is yours, the gas is theirs.
cheers[]

Hey, champ…..it is most important to get a building inspection done for units —-a great eg was the multi story tower in Sydney that was so poorly managed that there were huge $$$ problems with the building, which the body corporate did not have enough to cover. The owners took the body corp management to court and had them sacked.
BEWARE
and…[Read more]

Hi,Simon.
Was intrigued as to what the problem was, and so looked at the site for rlm systems – it appears that you have something to do with defence contracts – does this mean that Roxby Downs has a problem? I must admit my first response was to ask if there was anyone alive out there?
Any thoughts from others in S.A.?

HI, Leigh.
As far as I know they are on 6 month leases.
they could be ideal as wraps too, if tenant could get a reasonable deposit?
Why don’t you send doug an email ?- he will have all the info for you.

Just a thought – why do you think it was necessary for them to give a cash inducement?

Because the mortgage broking industry is a cut throat place to be – sure the rewards can be great, but competition is tough. There are many brokers who don’t genuinely go thru all their available lenders – so they are not giving you the best deal – just the…[Read more]

Simply put, commercial deals are just bigger residential deals………..bigger returns…..bigger risks……bigger cap gains.
You also need bigger deposits, as the lenders will generally only look at 60-70% lends.
You need to have bigger backup for longer periods of vacancy. However, if you have all these things, and have done due diligence for…[Read more]