Congratulations Terry,
Its been great reading your posts on this forum and others. Thanks for giving so much help to all of us.
Cheers,
Justin

Again!

Steve sure is a busy little beaver….

Thanks Tass

Justin

Hi Jackie,

There are many ways you can look for cashflow +ve properties, and they exist everywhere, it just depends on what strategy you use as to whether or not you can make money out of them straight away. For example, if you condidered providing vendor finance (eg wraps or lease options) you would have no problems. Its definitely harder to…[Read more]

Hi Guys,
I know a great way to save the dollars…

go and live with your parents….
They’d love to have you around, and no mortgage, bills etc etc
hahahaha!

just kidding []

Justin x

I agree with M Wombat, if this deal is as good as you say it is then find a way to get a win-win situation. Like the experts say “Its all about people”, find out how both you and the vendor can resolve the termite issue such that your both happy. If you ask, the vendor might even offer to pay for some or all of the costs of repair. You never know…[Read more]

Hiya Boothy,

I think you have to decide what you want out of the properties. If your chasing good capital gains then maybe north is better, however if your after neutral or positive geared properties then maybe Armadale is better. There are many different strategies and each one works differently with every property. Once you work out what you…[Read more]

Hiya Mickeydrippin,

Sounds like your ready to jump into the investing game, thats excellent. Firstly though you need to work out what you want to achieve from your investing. That is, do you want to obtain immediate passive income, capital appreciation or tax reduction etc. Then you can work out what is the best strategy to achieve those goals.…[Read more]

Sounds to me like you’ve got it all worked out. If you can use the extra cash more effectively over the next 5 years then go for it. However are there any fees associated with converting the loan from I/O to P&I and will that eat into any benefits?

Justin x

Hiya 2day,

Using a trust with a corporate trustee gives you multiple benefits. If your going to continue to purchase more IPs then you should use one to:
a. minimize your tax by income splitting to those in the family with the lowest income tax rate,
b. protect your assets if you or a family member are sued,
c. control the IPs without actually…[Read more]

Cheers,

I really should open my eyes a bit wider before I post questions!!!

[]

Justin x

Hiya Richmond,
I guess what I got out of it the most was the differences between the city and the country, and just a general lesson in experience, since I’m still a novice.
There are VERY cheap properties ($40-$50K) on government leased land available, however after 2014 the lease is up. The only information I could get, having not yet contacted…[Read more]

G’day Andrew,

Hope you have a succesful journey and come back with an armload of great deals. Su and I just spent a night 4hrs north of Perth in a place called Geraldton. It was a great experience and a real eye-opener.
Keep on chasing hard mate.
Cheers,
Justin x

Hey Hey Choc,

bout time you got in here [] I’m glad I’ve spurred you back into action, now I only hope I can come up with the goods myself. As you can see everyone on the forum is very helpful, this is a great place to gain invaluable free advice and ‘meet’ some great people.
FYI I have been clocking up the miles in Su’s car looking at houses…[Read more]

Jay Cee,

There are loads of people out there with money to invest and no time to do anything about it. Once you have proved to yourself that you can vendor finance successfully then why not advertise for investment partners. Just like family and friends, these ‘silent’ partners can provide much needed assistance and can benefit nicely themselves.…[Read more]

Hiya Ken,
Cookie is right, nothing can give you an idea about an area other than actually going there yourself and talking to the local agents etc. The cost of travelling (time and/or money) will be repayed by the increase in knowledge you have about the area. Do your research, set up some meetings, then keep in regular contact. If the agents…[Read more]

Hiya Jumbuck,

I don’t think you should be so worried about deflation, it may happen, it may not. What is more important is that you are using the right strategy at the right time. If you were receiving positive cashflow from a rental property would deflation matter that much? Or if you were wrapping a property would it matter? There are many real…[Read more]

Hiya Steve,
I think like many tables our group floundered early on in the game by wandering around without a plan. But we soon got our act together and realised what our prospective tenants/buyers wanted, and then jumped in line to buy a house……. and never got any further.
We all had lots of fun though, and I know I personally learnt alot,…[Read more]

Hi Sebastian,
Count me in also. To answer Andrew, I think we each make ourselves successful, however with a group of like-minded friends helping we have the power to achieve great things. Simply by sharing ideas and experiences we all grow.
I was one of the lucky Perth people able to attend the seminar and it was fantastic! I met Traceyimb there…[Read more]