They want the purchaser to pay the rates.It seems they also rent out a section of the home for $200pw (second living area?) They would retain that income under the above suggested terms however would offer the home for sale @ $260k if the purchaser wanted the benefit of the $200pw income.I cant help but think the seller was/is a finance or…[Read more]

I believe it is easier said than done. I believe these spruikers are telling the truth and I believe it can be done but I think they perhaps leave out the one fact we all know .. it is hard to learn how to determine what is and what isn't a good deal. It is hard to predict the future of market etc. those that are good at it have spent many years…[Read more]

I have recently read their book and too was very intrigued by the PIT (property investor trust) and the way in which they use it.I have since spoken with a few people who have advised me to be rather weary, there are also some threads on here that suggest to be careful. The concern seems to relate to the ATO's view of hybrid trusts.I would be…[Read more]

Read 'The Richest Man in Babelon' and then put it into practice. 10% of your earning is savings, 20% is investment. The rest is yours to live on.

If I were starting this journey with $875,000 cash, I would be one happy chicken… wahooooLets count –  yep that 875,000 cents for me… but thats okay, I'll catch you one day

Any good areas in QLD under $200k

Hee hee thank duckster and number 8.number 8, thats exactly the calc's I am trying to do. (with not alot of luck).I am trying to work out the $ I save (thus earn) on putting an extra $1,000 in my offset vs the $ I make (or would need to make) on an IP.To be honest I am trying to find a way to do both (I.e. have an IP that returns at least the cost…[Read more]

Hi JacM, thanks for being so attentive.The numbers I was working with were a loan amount of 302,000 with interest rate at 6.54 paying and additional $1,000 per month

Good morning kids – come and play….. please

Thanks for thinking of me JacM, this too is my concern and I am stuggling to get a hold on the sensible vs silly as the topic suggest.At present I am comfortably paying my PPOR loan (just changed to IO to build up offset but still pay in as per PI)I am also comfortably putting away an additional $1200pmIf this were to continue I feel quite secure…[Read more]

Thanks JacM.The loan is 302k. After living expenses and current mortgage I have approx $1,000 per month available to service a loan on the investment. When I calculate these sums it is not to scary however if something were to happy to affect my job I would be in trouble.Thus I am seeking a cash neutral property in the low 200k's. Thus while my…[Read more]

Hi Jac M,20k ready to invest if need (currently offsett to home loan)Looking for investment property to rent out, cash neutral ideallynot eligible for FHOGLive in central QLD, whitsunday regionCurrently own PPOR with bank (Debt 302k value 420k)Super 40kSalary 85K (not overly stable, but been steady for past 2 years)No debts other than PPORHavent…[Read more]

Thank you Yannick, I have downloaded.  Its crazy i really dont like reading but i simply must know as much as possible about property investing and it seems reading is the way. Particulary as I dont have much spare cash to spend and live to far away from all the seminars.. Just wish there were more CD's or DVD's rather than all books… ahh…

There is also a sole agency which mean that you give the listing exclusively to one agency however you are still able to sell the house yourself without having to pay commission to the agency.

Thanks Fran, that is really helpful, I will have to put my mind to work but all of what you say seems very doable for me.Yes I do have a contract on the property currently for the $138. Generally speaking this amount is 15% under the price of similar product on market. As the property is unlikely to be ready (settle) for another 12 months I am…[Read more]

Thanks Terry, anyone else got any tips for me?

yes I would I guess my concern was my ability to get funding….

Thanks Mosic,That would be ideal however the configuration of the block does not really allow for it (25m wide by 55m (ish) deep). Would suit development but not subdivision. It is the only allotment in the town that is large enough for medium desity development within the medium desity zoning and thus the reason it pricked my interest. Was t…[Read more]

hello all,I think the main issue here is where you are watching or where you are living. It seems there are great differences in what is being experienced in differing areas.I talk to a friend in Melbourne who talks about the strength of the market and all its factors. I truely belief his comments however in my area north QLD my market is much…[Read more]

yer ha ha… I feel like I'm the diceI have been googling away trying to learn 'the factors that drive inflation growth' so that I can make my own prediction. It must be too simple or too complex a question cause I cant seem the answer (in simple form)