Hi Keen, I brought my first investment property about 12 months ago.  When the time came to secure finance for the property I had quite a bit of trouble getting a large enough loan.  My mortgage broker informed me that the problem seemed to rest  with the LMI providers.  So we ended up finding a lender that 'self insured', therefore by-passi…[Read more]

Originally posted by Wylie:
Don’t know where you are, but why not look at a second hand kitchen. Here in Brisbane there are a couple of companies that put in kitchens which are only a few years old. I believe they alter them to fit. I would guess you could save half that cost, but have no experience with them.

Wylie

Hi Wylie,

I am also in…[Read more]

Thanks for everyone’s interest . . .I have an update for you all.

After looking through the studio apart. I found out that there was a 2 bedroom for sale in the same building. Here are the stats:

2 bedrooms (decent size)
approx 70m2
Fully furnished
$3000 body Corp/ $1200 rates/ 8% mgt fees
Has a 6mth lease for…[Read more]

Hey shake-the-disease,

Thanks for your reply, they are good points that I have considered. I am not planning on selling the unit any time soon, so am not really after the capital gains. I just thought it would be a good entry into the market – and if it generally isn’t costing me anything from week to week I thought it might be a good idea.

As…[Read more]

Hi Keneth,

Sorry I was suppose to include your last comment in this reply, haha . . .oopps!

Anyway, I didn’t mean to sound cynical in any of my responses, and I didn’t get the impression that any other members were being cynical as well. I was generally happy with the seminar I attended and with the appointment I had with CWB. However I do…[Read more]

Originally posted by kenkoh2000:
Dear All,

1. I have subscribed to CWB and read John FritzGerald’s book, “7 Steps to Wealth”.

2. I find that what John FritzGerald shared in his book and seminar to be both informative and educational, and I am using some of his ideas to develop/adapt for my own property investing strategies. I do find that they…[Read more]

NEED DEPOSIT!!!

That is the one and only frastrating thing holding me back – I am currently playing the waiting game as I scrimp and save as much as I can.

And before any suggestions come back – no, I don’t have access to any equity [glum]

Sacrifice
Understanding
Committment
Character
Excellence
Satisfaction
Structure
= SUCCESS

Thanks for the suggestion Kate – Keystart sounds like a fantastic initiative by the WA government, maybe I should consider a move[hmmm]

Sacrifice
Understanding
Committment
Character
Excellence
Satisfaction
Structure
= SUCCESS

Thanks Simon,

I don’t suppose you would be willing to help me crunch some numbers???

Cheers,
IIT

Sacrifice
Understanding
Committment
Character
Excellence
Satisfaction
Structure
= SUCCESS

I have just started reading Scott Pape’s “The Barefoot Investor”. so far it has been a great read. It is written for a younger audience, it is entertaining yet very informative and has a great guide to tracking your spending (not a budget – he has just included a list of possible items we spend money on so when you try to recall where exactly…[Read more]

[whistle]

Thanks for that Simon – I have been trying to figure out ways around my current situatuation which sounds similar to Jays. I am saving like crazy to purchase my first property but at the same time trying to pay off $10,000 on a car loan (which is probably more than what my car is worth now [glum])

I was worried that even once I had…[Read more]

Simon,

In relation to being able to refinance to incorporate existing debt into your mortgage . . . Can this be done within 12 months of obtaining the mortgage, or do you have to wait until you have built up enough equity to cover the old debt???

Thanks

Sacrifice
Understanding
Committment
Character
Excellence
Satisfaction
Structure
= SUCCESS

Thanks for that G7,

It will be interesting to see what the court rules . . . Will be watching with interest, as I was considering the program for next year.

Cheers
InvestorInTraining

Sacrifice
Understanding
Committment
Character
Excellence
Satisfaction
Structure
= SUCCESS

Hi Gatsby,

Which papers in particular are you talking about to have a look through? Just the Courier Mail or the Australian etc?

Thanks

InvestorInTraining[grad]

Hi Gatsby,

Yes – I attendd the same seminar a couple of weeks ago, however John did appear at this one and spoke for around and hour and a half. The content he went over sounds very similar to what you have described (focussing on land content etc) and I did find it informative.
I have also read his book and I do like the idea of the Toogoolawa…[Read more]

*Celivia,

Thank you for your reply. I had a look at the previous posts on Custodian Wealth builders and I will definitely be doing a lot more researh before considering dealing with them. However I do like to do my own research into property etc so I am not sure that they would be much help for me.

*Redwing,
haha I had the same thoughts when…[Read more]

Hi Rob & Ky,

I am also beginning in the property investing arena, and at first I found a lot of the things you are talking about overwhelming. However – my best advice is to sit down and talk with multiple brokers. I have spoken with about 5 different brokers now, from different companies – each one of them had different peices of knowledge for…[Read more]

Thank you for your replies!

[biggrin]

[biggrin] Hi,
I am also a local in Brisbane and would be interested in attending any gatherings that get organised. Will keep my eyes posted on the forum for updates!
Cheers