Originally posted by dkram:
Dear IP Gurus,
I am totally new to IP and I am determined to be successful. I want help in initial steps. Here is my situation:
My gross income : $130K per year (i am an IT contractor).
My wifes : $50K (full time govt job).
Our home valued at $280K (mortgage : $140K)
Have 2 kids in primary school. Car loan repayment…[Read more]

Dear Meilin08,

1.What are your investing goals?

2. What kind of work are you and your husband doing now? Are you now in Singapore?

3. I will love to meet up with both of you soonest before I fly out to Perth again this Wednesday on 7th Sep 2005. My Singapore mobile number is 90391898.

4. Thank you.

Cheers
Kenneth KOH

Originally posted by meilin08:
We sort of “fell into” property investing but have been very lucky with our purchases.

Thanks, Mei[biggrin]

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Dear MeiLin08,

1. Care to share with us how exactly do you go about doing your research and due diligence and how you and your husband go about decidin…[Read more]

Originally posted by meilin08:

When we bought our first PPOR in 2000 we did not use the FHOG so we will be using it when we get back to Perth to live.

Mei[biggrin]

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Dear MeiLin08,

1. May I take this opportunity thank you for sharing with us your encouraging story. My congratulation to you and your…[Read more]

Originally posted by Dr.X:
The whole idea of this post was not whether we should love money or not its that being an investor means that you constantly get attacked for wanting to make money.

By people WORKING for money in JOBS.

When I was working as a scientist, I used to be attacked constantly by “animal liberationsists” for using experimental…[Read more]

Originally posted by Dr.X:
Not rocket science kp, all we do is buy property, value-add and re-sell. Just like all you other guys and gals out there. We use the old trick that in a hot market, if you don’t have a finance clause and offer a quick settlement, our offers get looked at more favourably (sometimes).

What do you…[Read more]

Originally posted by pete r:
Hi DrX,
I wonder why you shy away from the truth. Why allow other people to determine how you feel and what you say? That is giving them a tremendous amount of control over you and your feelings. Isn’t it really their problem? Why not let them deal with their problem rather than allowing it to become yours? I realise…[Read more]

Dear Meilin08,

Thanks.
I am claiming mine back too.

cheers,
Kenneth KOH

Originally posted by vernon:
Just bought a report from one of those online property report websites last night and was wondering how accurate are they?

Although they might be able to provide sales data accurately, I found that the estimate valuation to be about $60K to $70K lower than what the vendor was asking for.

No doubt the property may be…[Read more]

Originally posted by vernon:
Hi guys,

I’m referring to services like RP Data, propertyvalue.com.au, Home Price Guide etc.

As for the actual valuation of the property, how does one go about arranging for it (sorry I am a newbie so need to ask fundamental questions).

Thanks

Vernon

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Dear Vernon,

1.…[Read more]

Dear Mei Lin and EECCHHoo,

1. Depending on your budget and desired house quality finishes and required value for monies, Dale Alcock Homes Pty Ltd, Celebrations Homes Pty Ltd and Homebuyer Centre actually belonged the same boss but catering to the different market segment.

2. Please contact me at kennethkohsg@yahoo.com.sg. My Australian mobile…[Read more]

Dear Nigel,

1. I have read most of Olly Newman’s books and even attended one of those courses run by empower Education where he was one of main speakers. You may want to read about his investing background in his book, ” the Lost Property”.

2. If I were you, I will not simply and lightly discard what Olly has to say, given his rich investing…[Read more]

Dear Robert,

1. I am a full-time property investor from Singapore. I see myself as “living off equity” although I have still not truly achieved my financially free status, as yet. Thus, my full-time job is that of travelling around and doing property investing.

2. I have attended Michael Yardney’s Real World Real Estate Course last year in June…[Read more]

Dear HotRod,

1. Personally, it’s part of investing in myself and keeping myself updated on my own property investment educuation. I am also there to meet/interact and network with like-minded people and to learn from one and another through our respective real life experiences in property investing.

2. At the end of the seminar, I come to this…[Read more]

Quote:
Originally posted by Pegasus:
I also attended the master class in Perth, and would also like to extend my thanks to Steve and the team. The day was time well spent and interesting, but I was disappointed that the focus had moved from positive cashflow properties as such. It is my understanding that these are still hard to find and that…[Read more]

Dear All,

1. I have also attended the Perth Masterclass yesterday.

2. Beside this forum at PropertyInvesting.com, I will like to invite our members and fellow participants to consider visiting similar property investing forum at http://www.somersoft.com.au/forums, whereby both the positive cashflow and the capital growth approach of property…[Read more]

Originally posted by solomon:
My wife & I have looked at well over 100 properties in the past 3 months, have put out over 10 offers & 4 written offers and they have been realistic offers not even 15% below market value. Anyway, the thing is not one has bitten, the market is getting even hotter. I’m seeing properties sell before the first home open…[Read more]

Originally posted by wayne b:
[blink]For those who mentioned Hamilton Hill, Spearwood, Coolbelup & Hilton, I did survive my childhood there. Good luck [biggrin]

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Dear Wayne,

What’s wrong with these suburbs, may I ask?
Please tell us more.
Thank you.

regards,
Kenneth KOH

Originally posted by Rigby:
After spending the last three weekends studying the Perth Real Estate Market and driving from Manurah to Clarkson attending Home Opens in frustration trying to find a +CF property I am convunced that the only suburb in Perth that comes close to goving a +CF return is Armadale.

A $140,000 house in Armadale generally…[Read more]

Originally posted by Rigby:
Medina near Kwinana has 3 x 1 houses for 130k. The new rail line will have a station near Medina and its between Freo and Rockingham. Any thoughts?

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Dear Rigby,

Despite its past good growth in 2003/2004, Medina is a low-cost, affordable housing area.

Cheers,
Kenneth KOH