Ditto Boshy888Reeco – get over it man.  Pay the $$$ or stop whining. I'm an RP2 graduate who went bankrupt (marriage breakup) during the course but I wouldn't swap the course education for a full refund of the course fee to improve my financial position. What I gained from the RP2 training makes the course fee pale into insignificance.Thankfully…[Read more]

Jane, the only thing you MUST do is enrol in the PI.com RESULTS Mentoring program.

You could try Steve McKnights accountant – Mark Unwin of Unwin and Associates in Melbourne.

Unfortunately too many young couples speed more time planning the wedding than they do the marriage.

Hello Johann,From time to time (about twice a year) Steve McKnight organises a property develoeprs workshop/seminar in Adelaide. the seminar/workshop is conducted by Martin Ayles who is a successful developer specialising in affordable housing. You could make an enquiry thru PI.com to find out when your next opportunity is to attend this.

Steve developed the 3-2-1 model so that investors would have a 'yard stick' by which to measure the reasonableness of profit being derived from a particular deal. It was first shown to members of the RESULTS Mentor Program 12 months ago and this was how Steve explained it to us.You may not be able to find a deal (at the present time) that will…[Read more]

Hi Podney,Here is a web link to my house I sold a couple of months back you may get some ideas from. I 'listed' it in Feb 07 (no agent, just me, a web site, street signage, open houses and a letter box drop) and it sold mid May 07 for $425K. http://mckinley.premierwd.com.au/index.phpGood luck

You will find that your solicitor will do  a search of the body corporate for you and provide a swag of documents as a result of that search. They will then alert you to anything unusual e.g. disputes between the members, the committee, the body corp manager and / or the building manager, lack of fudns in the sinking fund etc.Kerry

Hi vyaw2003Becoming an EXCELLENT money manger is a pre-requisite to becoming an EXCELLENT property investor so you have to know your numbers inside out. Not only your property numbers but also your personal income/expense numbers.If you have this in place you'll automatically see if you are ready to buy the next property. As a RESULTS Program…[Read more]

RLI think the answer depends on the area you're looking at. I'm on the Gold Coast and for SE Qld generally, particularly the coastal cities it is the holiday season that generates the most RE activity. If you don't have contracts signed by say January you'll be waiting until around Easter before things pick up again.This means that the market…[Read more]

Hello RobI also bought the Renovation Toolbox and can vouch for it's value. The only additional work you will need to do is to print out the reno worksheets and where they require prices fill in the amounts in the spreadsheet and (save your temple as 'template 2') by doing a walk through at Bunnings or similar. This will speed up the process 10…[Read more]

Hi Roodog

Your words “I don’t really like the idea of giving the government 50% of my profit in capital gains tax” has reminded me of Steve and Dave’s advice about being willing to ‘cash out your profit ‘ from time to time to give yourself a chance to grow your portfolio.

They acknowledge that CGT will have to be paid but don’t forget, (subject…[Read more]

Hi Lisa,

Thanks for the ‘heads up’ on this property. Took a look at it with the agent late today and it is certainly is just as you describe. By my reckoning it will only provide a 2.04% return on funds invested which makes it hard to accept with a personal threshold of 8.00%.

The only other question left for me is ‘what would I do with it if I…[Read more]

Can see anything in the replies on this subject so far other than negative sentiment.

It would seem to me that Westpac would have no real interest in the actual properties themselves (unlike direct investors who do) and would focus solely on lending to buy in to the REIT plus earning managment fees to bolster their shareholder returns.

I did an…[Read more]