^^^

thanks for your input!

this has been most interesting and it seems that I may be closer to my goal than I first expected.

to explain my situation further;

DEPOSIT: I’ve actually got a 10% deposit ready (and more with the first home owners grant which I should be eligible for)

EMPLOYMENT: I’ve been working for a government organisation for…[Read more]

^^^

in that case then i may be able to get a home loan sooner than I expected (possibly within 6 months) which is great news to me [strum]

one other question, are apartments less than 50 square metres very hard to get a home loan on? I’ve found a couple of places near my work that are small but are perfect for my needs. do u see any forseeable…[Read more]

thanks so much for your advice MortgageHunter!!!

as a rough estimate how much would the very small penalty be if my deposit is $3500 if i was to pull out during this 5 day cooling off period

thanks

new south wales

thanks for your help by the way!

If i put a deposit on a block/unit and in the 5 day cooling off period my solicitor discovers problems in the strata e.g. strata behind in payments or structural damage being repaired and cost will be approx $4000.00 do i get my deposit money back for changing my mind…..

HELP

Dolf De Roos is an excellent Guru. He knows his stuff!

Originally posted by SteveMcKnight:
Hi,

Two things for you to consider:

1. If you don’t have money then look for someone who does!

2. There are many ways to buy a property and leave little money in the deal. Check out this link: https://www.propertyinvesting.com/strategies/creativefinancing.html

Cheers,

Steve McKnight

**********
Remember…[Read more]

Originally posted by Aceyducey:
Originally posted by Julian:
Do you think the world is so simple? may be to somebody lucy man, just as lotto, 1%of million?

Of course it isn’t Julian.

But if you never start you reap what you sow.

Though I will say that I’ve found that if you focus on your goals and think out your strategy with achievable…[Read more]

Originally posted by geo:
hhhmmm…sorry guys but I tend to disagree with some. I think its quite easy to be honest.

Kay – you mentioned that $10 a week positive cashflow – hhmmm. Is the market really getting that hard now. I’ve found a few properties returning $50 and above in positive cashflow.

I don’t think you’ll need 100 properties to get…[Read more]

Originally posted by elbowgrease:
Hi hiphop. Good on you for making the decision to start. And it’s great that you are a good saver. I’m newish at this myself but I offer the following to you.

First of all, if I may ask, what is your situation now – How much savings do you have now?
what do you save each week?
Do you have a mortgage, rent, live…[Read more]

anymore opinions/advice? Steve?

good questions Amanda. I’m in a similar situation as you and have been thinking/researching the same type of things.

A couple of things, in my opinion, the sooner you invest the better. I don’t recommend waiting any longer than necessary trying to predict what the market will do.

Also as far as WA, it is an option but not the only option. I’m…[Read more]

Originally posted by blondie_bec:
Originally posted by kay henry:
bec,

Save up for a deposit. And if you don’t respect your bf, then leave him. I am sure it’s easier to leave him than spending your time slagging him off on a property forum.

kay henry

Actually Kay I am trying to get the right information for my situation, so I guess giving…[Read more]

Originally posted by yack:
<<<<<<<<my challenge is I cannot see how it’ll be possible to finance even 3 or 4 of these properties, let alone the 20+ that I would most likely require to achieve my goal. I’m an excellent saver but just do not earn enough to use just my savings to invest…>>>>>>>>>

Welcome to the real world. Do you really think…[Read more]

Originally posted by Rubbachook:
Yack, I think rugbyfan is on the money.

This book has been sitting on the shelf for a while…

if you mean the book is $20 at Myer because the book has been around for a while…. um no. As I said earlier Myer offers a 33% discount on ALL of the best selling books in the top 10 or 20…

just for your info, Myer offers discounts on all top 10 (or maybe it was top 20) books

Originally posted by babu88:
I meant to post this weeks ago, Myer in Sydney City has 0 to 130 properties book for $20 (rrp $30). I

thanks for the tip! I nearly paid $30 on Friday abut then bought the book today from Myer for $20!