Returns are eroded to some extent by park fees. Capital growth is going to be slower because the block is a saleable commodity if you want to sell or not.
That said people can make money out of it – just look at the true value of what you are buying. Hope that helps.

Conduct an impact/probability analysis.
I would say the impact is high, the probability is low.
You can get Public Liability insurance only policies. Try a broker.

The best fish that got away was a fish that taught me a lesson. I had a chance to make a good $100k profit over 1 year. I needed a partner and couldnt find one. I had to back out of the contract under a finance clause. It was SE QLD and the $35k purchase price represented a minimal risk. I now know that my family are destined to be 95%ers.

Here are our low rates for today. Just keep in mind, we will beat any rate that you are quoted at anytime. Even if you can’t get the offer in writing, tell us the lowest rate you are offered, and we will beat it by a full percentage point! And at FantasyLandMortgage.com, we never charge anything. We can even waive your mortgage tax if you don’t…[Read more]

That is fantastic.
As long as the grasshopper can blame everyone else for his situation, he is powerless to do anything about it.

I have purchased cashflow positive property from day one.
As I have said before the best deals are not on the internet (they dont make it that far). They are on the street.

Buying and selling

Fear of loss works both ways. Say to the agent, “Oh fair enough, if you get another one similar in the future will you give me a call”?
If you are investing – you will be buying with your head based on the numbers. He wants you to buy with your heart and come in strong with a good offer.
By turning the tables on the agent, and allowing him to…[Read more]

Just houses, I think with $1m capital the lenders would look at you as something of a good risk.
I think you would be in a pretty good position to negotiate cheap money. Given your ability to negotiate interest in advance as well, you could probably get into some higher risk investments with a short trun around. I know it sounds trite and I dont…[Read more]

Sad to say but the best deals are found on the street, no the internet.

I think I could get a solid 20% on your 1m, excluding Capital growth.
I get that on my own money.

For sure. I was being a little (just a wee) bit sarcastic.
I dont want government assistance.

Off topic but please let it go.
While I am on a roll I have been thinking that property investors should be elligible for “Exceptional Circumstatces Assistance” much like farmers.
Farmers provide a service the Govt. cannot
So do we
Famers are subject to the vagaries of uncontrolable circumstances (weather)
So are we (economic factors)
Farmers…[Read more]

It is so nice to be back in this forum.
What you are all describing is what I have experienced so I dont need to get into anything to detailed.
Dr X – great topic, it has struck a chord with many people.
I live in small country town and desperately want to talk to people about my investing, (I find it really exciting to talk to people who are into…[Read more]

More than four and they sound a little like an American seminar.

100 dollars in education(books and the like) is cheaper than a 100,000 dollar mistake

No one ever went broke making a profit (dont get greedy or always look for the killer profit)

Make something easy to buy and it becomes easy to sell. (Vendor terms)

You make money by solving…[Read more]

Property boom? its still happening isnt it?.
“Where?” is the question.
In the last year I have been doubling values in country NSW, and QLD (with +CF property) and have lost value in Sydney with a property I have owned for four years.
So I think there are booms within downturns and vice versa

Thanks for that I will ensure that final sale takes one year or more.
cbellesini – are you saying that if the “income” is taxed by personal income tax therefore CGT is not applicable?

mcubed

I believe with the FHOG you have to move into the property WITHIN 12 months of settlement – so you have 12 months after it is settled to move in.

Also providing you’re not in a defacto relationship (or married) with someone that has previously owned a home and got the grant, you should get the grant.

We’re with Yack. If it’s not banked by the due date – we chase it up – you can’t afford not too.

When it comes to monies owed for rent, you need to be vigilant

Hi Nick

Another good source of information on how you would leverage your way into property is by Ralf De Roos “Real Estate Riches” and it is one of the rich dad adviser series

Jenny & Roy