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  • Profile photo of leddledd
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    @ledd
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    July 29, 2007 - 1:52 pm

    Hi Tara,

    I'm a fan of what Jenman has to say. I recently read his book. In case you don't know, you can make contact via the website and they will suggest agents in your state/area.

    I would certainly recommend reading the book, Don't Sign Anything', especially as you are selling. It seems a lot of people detest him. I really can't understand that. Must be hitting a raw nerve with some people.

    Best of luck!

    Mark

    Profile photo of leddledd
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    @ledd
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    July 22, 2007 - 9:31 am

    That property story sounds like an urban myth to me.

    Profile photo of leddledd
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    @ledd
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    July 16, 2007 - 1:36 pm

    Hi abeath,

    Some good advice offered already.

    I strongly suggest you get INDEPENDENT advice (not the recommendations of a real estate agent who is selling property). Although you say where you live, you don't say where you are buying the unit so it's hard to work out what the situation is exactly.

    The main thing you need to do is find a good property that has a history of good capital growth. Forget about finding a motivated seller. If you find a motivated seller on a good property then that's a great bonus. I'd steer clear of units. A house with land is a much better option.

    Cheers,

    Mark

    Profile photo of leddledd
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    @ledd
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    July 14, 2007 - 7:06 pm

    I agree with what Marc wrote.

    I think there are better options out there.

    I could tell you a few CF+ off hand (Bowen Basin in QLD: Dysart, Blakwater, Moranbah, for example). Do a search on realestate.com on those areas and many will come up. Great yields! I'm sure many others could offer suggestions. The problem is that most are in mining towns and I, for one, wouldn't gamble on them (many others have).

    I'd suggest looking at properties that have a history of good capital growth. Generaly speaking, these are in the main cities.

    2% is a lot of money for what buyer's agents do. I considered it seriously. I'd suggest doing the research yourself. Some offer a flat fee of $8000, for example, and a lot are around that figure (give or take).

    Let's say you spend $1000 on plane tickets to the area you're interested in, $1000 on accommodation, $1000 on expenses and $1000 on a nice little present for yourself you will still be $4000 in front!

    Worth considering…

    Cheers,

    Mark

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    July 10, 2007 - 3:26 pm

    Hi Nicole,

    I live in Perth and WA is the last place I'd be looking to invest. It is fine for the very long term but why invest in WA when there's better places to put your money?

    I'm buying an investment property in Brisbane in the next few weeks. Melbourne is another option, perhaps Adelaide as another (closer) option. Do lots of research: websites, books etc. API magazine is a great resource. Lots of suggestions on where to buy and data to check.

    Best of luck!

    Mark

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    July 10, 2007 - 2:47 pm

    Millions, I know how you feel. I had a similar experience with another investor-related professional service.

    I guess your accountant will continue to work the same way as nothing has been said and the fees are paid.

    I'd be finding another accountant.

    Cheers,

    Mark

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    @ledd
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    July 1, 2007 - 12:57 am

    Hi Michael,

    Thanks for the reply!

    I'm already signed up to come along to the Perth seminar so I'm looking forward to that

    I've narrowed down the search to 4 suburbs in Brisbane so I'm raring to go. The seminar will be quite timely for me but I'm hoping to buy before then as Spring may bring out a lot more buyers?

    See you there,

    Mark

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    June 8, 2007 - 2:46 pm

    Some interesting books suggested. Like a previous post stated, you have to take the good parts and leave the rest.

    I found Yardney's 'Grow your million dollar portfolio in your spare time' useful and also De Roos. My next book is going to be by Margaret Lomas. Heard her speak at a recent property expo and also went to the stall.

    Daviddanae, good to see 'the wife' was useful!
    Did she return with a slab a beer when she was sent to buy your book?    

    Profile photo of leddledd
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    @ledd
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    May 29, 2007 - 8:00 am

    Thanks for all the advice and feedback! 

    Really appreciate you all taking the time to offer your experience and knowledge.

    Cheers,

    Mark

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    May 28, 2007 - 2:42 pm

    I'm going to use Metropole. They have offices in Brisbane and Melbourne. Google their website. Seems the best option for me at this point.

    Profile photo of leddledd
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    @ledd
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    May 25, 2007 - 3:34 am

    Thanks Glasco! Great to get some feedback.

    I think you're right. Investing in SEQ (or perhaps even other areas on the east coast) could be a great idea. I've been eying off a few areas over that way as that's where the current potential seems to lie according to a number of sources. Will just have to make the trip.

    However, I've been reading about people who buy a lot of property sight unseen. They simply get the appropriate reports and do some number crunching. Whether they like it or not, or any other emotional response, is therefore eliminated. If the numbers point to a good deal they go ahead. Not sure I could do that! Did you end up buying in SEQ?

    Good luck!  

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