Yeah Jordan 

is there anything you can teach us? 

Don't pay an agent anything until your house is sold for the price your happy with, make sure your agent is a good negotiator and can get the buyers highest price! BHP. 

Do not work with an agent you feel uncomfortable with, and if you feel like something is wrong, then it probably is. Agents are amount the worst sharks out there. 

But Joel, how do we know you aren't ripping us off? How can you back your statement up with warm advice and insights, rather than state a fact, that is like talking to the air 

Kind regards 

That's awesome alpakka good on you, You can always create PG properties as well, by buying under median, something good but a bit different, little fix ups and your on your way, play around with the figures like price, rent,  interest rates and costs, to see what you need to create cash flow. Ask your solicitor to do a building cost report so you…[Read more]

well that's exactly right obviously with your research you have a plan, and that is awesome. I hope you buy high growth property and are able to buy more property, but dont cry when you you get to 3 and the banks say "nup sorry.. no more." I wouldn't rule out that once you have 2 good properties you may decide to find some good PG…[Read more]

Yeah so you have to spend money on building and pest inspections, no it doesn't show to much interest so long as you are vague with the agent, only bid after the reserve is met, and don't over spend. Buying first house though auction is brave, don't get hurt.. 

Best of luck! 

Hi Nicole

why are you looking for a group? How do you think a group will really help you… 

That's right banks don't care about you personally, they'll put the rates back up don't worry, they are the masters of money and they know how to get it back, that's their game. 

That sounds like every other Aussie battler! a good plan,there is nothing wrong with that, and providing you do get capital growth its a viable option. With 100k I will buy PPOR and 2 PG properties. If I don't have to buy PPOR ill buy 3 PG properties. I say this to say if each grow 4% then that's 10% equity, Having these in different states offers…[Read more]

I would go google earth, have a look at all the suburbs ideal for your investment, search through the statistics and compare each suburb, also  compare demographics to see which suburb has more potential than others. In those suburbs learn the values of properties you are looking for, and buy at a discount. 

If the suburb has a rental percentage…[Read more]

Say you earn 50k per year and you wanted to buy blue chip property, and the equity you had in your own home allowed you to buy 2 properties in the city valued at 300k each, which both have negative cash flow of $60 a week, your total dept would be $620 000 a further 20k for set up fee's

This $120 per week negative cash flow is your commitment…[Read more]

Valuer Generals Office, for Queensland it's Department of Environment and Resource Management, NSW is Land and Property Management Authority, Victoria is Department of Sustainability and Environment, WA is  Department of Commerce. 

There is a site called Your Investment Property, on it has Auction buying tips, things to look for, the ins and outs of tips you need to know that will help you at Auction. 

Also Due Diligence needs to be done to know exactly what your buying and if in fact it will make you money, don't go by hope or feelings, go by maths and facts, compare…[Read more]

Sorry I forgot to add, what's the angle on your post FredG do you use this structure to pay for your investments? Did you buy an established business or did you start your own business? 

Is your structure set up in the best way possible to support your property portfolio?

G'day FredG

Interesting thought, a financial advisor suggested the same idea with negative gear and tax logic however, I would only invest in negative cash flow if I was certain in the near future I would gain capital but, then I would want to collect profit and buy at least 2 positive/neutral cash flow investments from the gain, I will try to…[Read more]

Thats right

Depends on your motives, If its about money i wouldn't get family involved,  If its about helping them, invest in teaching your siblings knowledge to able them to make their own decisions how to become wealthy.

Maybe when you's have become wealthy and experienced you's could possibly develop property? mixing business with family can…[Read more]

 No worries

Also is it true that an offset account works effectively well when enough money is in the account earning you interest to be saving you interest?

Hi There

Whats the difference with between an offset Account and Line of Credit?

Also Thorpef1 dont get caught out and get a Redraw account 

100% offset accounts are the most attractive offset option. These accounts earn you interest equal to the interest you’re paying on your home loan. The interest that you’re earning on your savings is…[Read more]

Hello zorrohd

I know I am very greatful for the generous people on this site who have taken the time to share their thoughts.

Good guess you got me, 28 no kids living with family, at the moment because of some things I'm in a position to save, I can't buy because I'm unstable, I've just had an operation, I haven't worked since December, I just…[Read more]

Hi Kingyj

In my opinion, I like Mackay over the long period should serve you well, It does seem like a stable area and there are future prospects in the mining industry.