Thanks to everyone for their responses… Yes I will definately see an accountant. There are 72 franchises opened with more following and they are returning over 20% PBT so doing quite well.

I am definately going to also do my due dilegence and marketing to make sure the business is viable.

Thanks to everyone. I hope if anyone can help they can email

HI Luci and thanks for you reply…

To say that I might not be “educated” enough is not quite correct.

I have read tons of books on property investment and attended heaps of seminars(John Burley, Steve etc). In fact, I think, while we always need to educate ourselves and I don’t know every thing, I think it is time I took action and stop procrastinating.

As you may know any investment has an element of risk, but it’s your job as an investor to eliminate the risk or understand the risk before investing. This is why I am trying to find out about the area I am going to invest in.

To understand the risk you need to do your due diligence. The Casey system is one developed by John and Rondah Donjerkovic who were one of Steve McKnight’s “MAPpers”. They are property investors.

You also mentioned you need to be aware of what is your strategy. Thanks for this; I am very aware of my strategy because I have investment goals and long-term goals in mind before deciding my strategy. In a nutshell, I want to Buy, Develop and On-sell for capital gains.

About being able to invest more than 95% of the property value, I would suggest there wouldn’t be many lenders that would do this. Does anyone know of non-bank lenders that do more than 95% or have let someone borrow more than the value of the security?

I suppose the reason I have posed those questions in my original post, is because of what’s just happened in the suburb of Koo-Wee-Rup in Victoria. They use to have a paper mill there, until recently. As you can image it was a growing town. When the closed the Paper Mill down, it now pretty much has become a town you wouldn’t want to invest in now. I want to do my Due diligence on the suburb as well as the property itself. Can anyone help? Does anyone make sure of the suburb they are investing in before investing?

Thanks again Luci, you’ve have helped me clarify what I am doing…