Tracey, have you looked into Steve’s McKnight Property Apprenticeship course? Whether it’s his training or someone else’s, I’d suggest educating yourself. Private message me and we can set up a complementary mentoring call to discuss your situation and your options moving forward.

Tracey, have you looked into Steve’s McKnight Property Apprenticeship course? Whether it’s his training or someone else’s, I’d suggest educating yourself. Private message me and we can set up a complementary mentoring call to discuss your situation and your options moving forward.

It’s hard to outsmart the big banks. Even on the interest free period, they make their money on the average person’s lack of self-discipline.

Hi @brigadoon. I wrote about this earlier in the year. Let me know if it answers your questions. All the best.

https://www.propertyinvesting.com/will-investors-soon-lose-negative-gearing-cgt-benefits/

Just be aware of any speculative assumptions. Make sure your worst case scenario (market downturn?) doesn’t leave you in a dangerous place. Another option is to realise your gain and lock in the profit.

7 percent plus GST is an industry standard, but the best way to find out is pick up the phone and call three different property managers to ask. Keep in mind management fees are negotiable, but you often get what you pay for. Get a referral from a trusted source if possible. Find a good one and build a relationship. Then after a year, you could…[Read more]

Not to mention $135k fine to developers who market apartments exclusively overseas. Ouch!

https://www.propertyinvesting.com/a-little-less-love-for-foreign-investors/

Oh, and maybe even three years in prison!

Not to mention $135k fine to developers who market apartments exclusively overseas. Ouch!

https://www.propertyinvesting.com/a-little-less-love-for-foreign-investors/

If rents are still sliding, that means values are still falling. Thanks for adding to the conversation Yson.

If you have the ability to service the debt have you considered picking up a few bargains in the same town eg to use the same PM in order to average down your costs?

NAB lowering their LVR requirements for mining town purchases could be seen as a bearish sign. I’d say downside risk remains. But for anyone who disagreed, they may answer “yes”…[Read more]

NAB lowering their LVR requirements for mining town purchases could be seen as a bearish sign. I’d say downside risk remains. But for anyone who disagreed, they may answer “yes” to “Would you buy that property today at it’s current price?” in which case holding would fit their opinion on the market. My point is hold because you have a strong r…[Read more]

Would you buy that property today at it’s current price? If the answer is no, then why would you continue holding it, other than the emotional pain of admitting failure? Psychologically, you’ll make a better decision if you can consider the loss in value as money that is gone forever. Otherwise, you’ll be tempted to hold onto it in hopes of a…[Read more]

Sam, did you read this article: https://www.propertyinvesting.com/how-a-young-property-developer-is-making-hundreds-of-thousands-in-profits? You may find it inspiring.

Thanks @dtraeger for clarifying. @sev6968, because Aussie property has become so expensive relative to rents, unless you’re earning a lot of money from your job or business, adding a significant amount of passive income through real estate over a 12 month period is going to be difficult. As you may have read in Steve McKnight’s book, From 0 to…[Read more]

Thanks @dtraeger for clarifying. @sev6968, because Aussie property has become so expensive relative to rents, unless you’re earning a lot of money from your job or business, adding a significant amount of passive income through real estate over a 12 month period is going to be difficult. As you may have read in Steve McKnight’s book, From 0 to…[Read more]

Thanks @dtraeger for clarifying. @sev6968, because Aussie property has become so expensive relative to rents, unless you’re earning a lot of money from your job or business, adding a significant amount of passive income through real estate over a 12 month period is going to be difficult. If you’ve read Steve McKnight’s book, From 0 to Financial…[Read more]

I wonder what the median house price was in the area before this “lot of nine” sale.

It’s interesting to see nearly as many concerned about government regulation as economic trouble overseas. What changes in regulation do think investors should be most concerned about?

Hi @scus101. Thanks for your questions. The mentoring course (see my reply above to @asou) includes one on one mentoring for the duration of the course – 12 months. This involves both help applying what you’re learning from Steve as well as deal specific help. We have multiple sessions on researching and assessing areas and properties.…[Read more]

Thanks for your questions @asou. You have two training options: Course + Mentoring for about $10k or Course only for about $5k. If you are ready to start investing soon and will still have deposit money after spending $10k for the training, I’d say that course is right for you. If you will not have deposit money for 12 months or more, I’d say go…[Read more]