As much as people might not like Robert the guy has made allot of money…

but as a fan of robert I would rather invest my time and money in learning from some one like steve

Acutaly I  aam gong to post a new topic lol 

Hi Hannah 998,

Hope it all works out the way you want it to.

You say at the start that you invested 30K of your own money for landscape "etc"? Maybe you can put a file together for tha valuer with all the receipts to show you have actually spend 30K.

But just keep in mind (open mind) because you spend 30K on your house this does not mean your house will go up by 30K.

I still think rates will get allot lower and I hope things continue to improve but I think the issue is that in employment is steadily increasing. 

I know lot of experts say retails is being effected by the Internet but is it really that simple? 

PeoePle  are buying good online but it's getting to a stage where  people are buying from oversease sites.

Also when retails struggle there are many industries that feel the pinch 

if shops are quiet landlords reduce the amount of cleaners required, reduce security, shops spend less on renovations and staff get cut off too.

But overall we are still in the best country by far. & I hav to agree with jack cash is king at the nomen 

Freckle, why not run an internet course then? $40 bucks a pop x 100 = you do the math hahah.

Paul does make some valid points, I think going to these events are good for a couple of reasons

1) Keeps you focused

2) you meet some postive people who may have the same goals as you.

That's so true Richard and Nigel,

A common occurrence I usually here is this, I  want to make 50

k on my first deal, if I can't make that it's not worth it. 

When building a brick fence you can't just build iit in one go, it

takes

time brick by brick……

My best deal was 7 years ago bough a house for 185, leased my house to the government.

Sold it for 320 to the government, got a good tax break as well ffor helping tthem out 

Oh I made a small 30 k profit in ttwo months bought a house under valued  by 30 k settled , renovated and made

 A profit,

I must admit these days I aam a bit more  conservative

Hi Amelie,

Hope you are well?

Firstly welcome aboard and good luck with your new venture.

Like most have suggested, maybe just wait until you settled on the property and once you  acutaly have the property in your hands maybe look at quting.

You say you hate your job and you want to quit? Rather than just rushing in quitting are you able to work part time and study full time in some sort of capacity?

Maybe use that “extra” income from part time work to help you reach your goals?

We live in interesting times, If your partner lost his job, Do you have enough surplus cash to live and to continue to invest?

Sorry If I sound a bit direct but so many people just quit before exploring all other options.

PS never advertise that you want to quit, you just never know who else might be on this site, EG your bank manger, work colleague

Hi avalonesa

even if you get 60 dollars a month after the loan, you still need to cover insurance, maintance, insurance, rates "etc" you will still find after all of these expense your property would be negative geared.

The old saying that buy some thing close to the city has changed and here are my reasons

 If you look at melbourne, there are more corporate companies who are moving out of the CBD or into another state all Together, 

a few companies I deal with who are blue chip firms have moved into areas like laverton, keilor park, Derrimut  and even dandenong . Why are they moving cheaper rents!!!

our train system is developing more and more  and look at this example as well, my wife and I live in deer park she catches the v line to work it takes her 40 mins into the CBd, her work mate lives in st kiilda and she takes the same time.

Most areas  now have schools, transportation an shop 

Hi Guys,

I have to agree with Terry, Banks are providing breathing space for allot of people at the moment. But is it really just first home buyers or the times we live in?

For the last 20 years people /business have always faced these challenges, I think the numbers might look “bad” but in reality our population has also increased over the last 20 years as well.

The issue we have in today’s world, is people have too much bad debt, car loans, Holiday loans, furniture loans, I pad phones.

A relative of mine said to me two months ago that the place he was working at was closing down in three months time, two weeks later he takes out a 80K loan to by a mustang.

He still has not found a job yet…. Are people just silly?

Hi All + Great thread Rosa,

Saving for a deposit is never easy and it’s not usually caused because someone is not earning enough $$$, There are plenty of people out there who are on the big bucks but they still can’t save because they simply don't know how too and they may also have bad spending habits.

Here are my tips:

1) Budgeting (Very Important) – Set up a fortnightly / Monthly budget, Have a list of all of your incomes Vs expenses, see if you can cut out any of your expenses, In your expenses Column add a mandatory “Savings Plan”, Rosa has provided every one with some great options

– Any spare cash left over – just save it – You will be surprised how much that little extra will help.

2) Money habits: What is your current spending habits? You need to be disciplined, focused, stingy & also you need to know what your goal is, 20K in one year, 30 K in one year "etc".

3) 2nd Job: Are you able to secure a 2nd Job? This was my favorite tool to build up my savings, I used 1 wage (Part time job) – 100% of this income was saved + my with my primary income, I saved most of it as well. 

Is the QLD market going up or down, every one is going to have a different opinion and that what makes investing interesting.

I think what might matter the most is how is this property contributing to your overall goal?

Nigel raised a good point as well, opportunity cost? Some times a under performing asset may cost you more based on missing opportunities vs holding the property for a gain.

Have you spoke to your accountant? If you sold for a loss, can you claim a capital loss to offset any future capital gain?

The biggest fear people have in investing is making a loss, sure you might make a loss now, but the experiences you have learnt will make you more money in the future.

I know people have suggested that "new roads", "works" "etc" might occur, But ask your self this question, if non of these planned "works" occur what will happen to your property then?

Maybe call the council and see what stage they are up to in regards to new roads and works "etc". Do some further researh.