I am in VIC and would love to get in contact with like minded people to keep the information going and also to keep each of us committed to our plan of action. I reckon the hardest bit for myself is to try to do this on your own (possibly due to my tendency to be lazy) and nobody to watch over you for your actions.

Keep me…[Read more]

if you are prepared, then you can always invest in real estate. My motto is whenever there is a down market, there is somewhere in the world that the market is on up trend. Its a matter of finding and taking risk that you are comfortable with. Surround yourself with plenty of educations.

Always enjoy the journey

Cheers
John

Wanting financial…[Read more]

Robert Kiyosaki talks about the way to financial freedom is to build a business, reinvest in the business, invest in real estate from business income and then use assets to buy luxuries. This theory is in the book “The Business School For those who Like Helping People” by Robert Kiyosaki

Cheers
John

Wanting financial freedom is not enough.…[Read more]

I am not sure whether I understand your situation is correctly but have you ever considered to go into a solicitor drawing up a small business consumer guarantee & Indemnity for a large amount (like $10Million?) to save on the legal costs??

This is my personal opinion but I strongly recommend you talking to a competeant lawyer (not conveyancer)…[Read more]

My suggestion is to work out which property has better chance of being positive cashflow. From what is provided, you have $220k of equities. If you believe your $380k house can be rented out for each room and generate a cashflow, then do it and then if not, consider other options (like subdivide and sell the excess land, if any). Otherwise, I…[Read more]

Yes, because I believe if the size of the apartment is less than 50 sqm, then, finance will be very difficult to secure. Nonetheless, check with all finance brokers on this website.

Cheers
John

Wanting financial freedom is not enough. Take some action TODAY. I have successfully built my own PART TIME business whilst still working in a Bank.…[Read more]

Chevy

Ditto to all above responese. But what I reckon is to set a timeframe to take some actions. It is important to learn but attempting to achieve something without a solid game plan is a very risky undertaking.

All the best.

Cheers
John

Wanting financial freedom is not enough. Take some action TODAY. I have successfully built my own…[Read more]

I was considering to purhase a 4 bedroom house in QLD a while back and when I was checking about whether I can rent out each room individually, my prperty manager informs me that the government body in charges of rental bond stipulates that if for a single dwelling with more than 3 bedrooms and each bedroom is to be tenanted individually, then a…[Read more]

Thanks for a great post.

I will share my experiences. When I first started, I try to expand my knowledge base as much and as quickly as possible. One of my humble begining experience is trying to read and understand every term in every reports for each property that I am interested in. Example is that I spent 3 hours !!! reading over a…[Read more]

Without getting into too details, there are plenty of options to turn a -ve cashflow into +ve cashflow (Pending on how much efforts and commitments you want to put into it). One option is if the property is in low social economic area or near university (you can try to rent out each room individually) thus increasing your cashflow.

But just a…[Read more]

Although I live in Melbourne but I have 1 IPs in Beenleigh property and it is an absolute gold in the area where it is low social economic area because people are definitely open to the idea of sharing even in 2 bedroom unit and the cashflow is great.

Enjoy your meeting

Cheers
John

Full Time Property Investor in not too distant future![biggrin]