I was told by the real estate agent that on acceptance of my offer I would need to put down 3% deposit, and she said this was a standard amount.

I didn’t have to put in another 7% in 7 days, the 3% is my deposit right up until settlement.

-Ian

Could I jump on the bandwagon and get Property Manager Pro off someone? ian (don’t spam me) at puddlefruit.com

Thanks!

Shaun, you are right about his 2.5 hour seminar being a repeat of the book “Real Estate Riches” and as such I didn’t learn much because I’ve read the book.

BUT…

The guy’s quick-witted humour is worth the price of admission alone! Very entertaining, even if you don’t get much education out of it

-Ian

I know this is only a minor consideration, but if you buy an IP first, you’re effectively throwing away $7000 (for the FHOG).

Secondly, if you buy your PPoR with an investor’s frame of mind (getting info on rent levels etc), you can still turn it into a great IP when/if you’re ready to move on to another PPoR.

-Ian

p.s. melbear: I wish my…[Read more]

Sooshie,

The thing about me and books is, I never remember what I learnt where. All I know is that over the last 6 months I’ve:

a) read 29 books
b) learned a lot

Sorry it’s hard to say which books had which info!

The other thing I know is that without all that reading, there is no way I would have been able to act so quickly and grab the…[Read more]

I love how interacting with other investor’s has the potential to open people’s minds so much!

1) What was the prime motivating event in your life that created a focus on the need to invest?

After listening to Rich Dad, Poor Dad in February this year and becoming increasingly dissatisfied with my job, I knew I had to get out (of the rat race) as…[Read more]

Hi Allan,

For an example, if you were to apply the 11 second test to a $50,000 property, you would need $100 per week in rent, correct?

Well, multiply this $100 by 52 weeks in the year and you get $5200. Then divide this by the price of the property ($50,000) and you get 0.104 which is 10.4%

-Ian