Aus,
I tend to shudder with the speed wobbles when I build up momentum, like my old holden I drive.

Jhopper,
its funny how the same principles are there in every industry when you look…hmmm.

Spanky,
Great attitude. I too find it degrading when a good discussion breaks down to a squabble. We need more like you to keep these boards positive. I…[Read more]

hotchocolate,
Is the rental market transient on the whole. Do people often move on like yourself after short periods. This could be a little troublesome as a landlord.

Is canberra the kind of place that would be good to raise a family?

cheers

Live, Learn and Grow

Lifexperience

Michael,

gee thanks.[biggrin]

I also remember not being able to find my forum feet. I never found them. I now exist only as a smirking and bodyless severed cartoon head.[]

Occasionally I get some cool wheels
[bike2]

Live, Learn and Grow

Lifexperience

richmond,
Well I can’t argue with words out of the great mans own mouth.

Personally my current portfolio aim is 50/50. So I have a balanced preference.

I love the idea of money coming in every month.

I also love the idea of holding an asset that appreciates greatly in boom times, (I haven’t yet experienced that, but will not cut out that chance…[Read more]

Michael,
You seem to have magnificent enthusiasm for property investing so here is what you should do.

1. To overcome any analysis paralysis/ procrastination, the only cure is the exact opposite. Make a clear decision and stick with it until you acheive your objective.

2. Then write down WHY this is so important to you.

ie: in 30 days I will…[Read more]

Spanks,
Yep, such scenarios are clearly spelt in the residential tenancies act. There is no need to include them in the contract as there is the law would overrule them anyways.

There should be a tribunal in each state that can resolve disputes(VCAT in vic.)

Basic process in vic is 3 breach of duty notices and then OUT. Or if it is a serious…[Read more]

My dear resi,

I will try to address your initial post simply

Some people get to where they want to be earlier than others so why is that do you think.

I agree, the reasons why I think this is so is outlined above (I did not mean to offend you by elaborating on some issues. This is a topic I am very passionate about)

I mean some are lucky…[Read more]

Reasonable for a capital city especially if there is a high demand for rentals, I am very interested to hear other views for canberra.

Live, Learn and Grow

Lifexperience

Road Trip…. I love Tom Green[clown]

Live, Learn and Grow

Lifexperience

I have the exact same problem, and i see two options dude.

1. Keep sweet talking til she comes to the party (how much is it really worth to get her out now.)

2. Look up the residential tenancies act and find out the minimum notice period you can issue on a “notice to vacate” for the reason you have for taking posession of your property.
In…[Read more]

I work in a brick factory and I see the product that goes out as seconds.

There is a reason why they are sold cheap, and it is not because they are the same as good quality products.

In fact the industry standard in Australia has a very low quality control standard even for the so called “quality products”

Imagine pavers that crack and…[Read more]

I’ve had 50+ phone calls in the last 4 weeks, about 25% of the callers had a substantial regular income.

There is still the risk and deposit combination banks and others don’t touch.

Small deposit and non-long term employment stability, perfect wrap clients and a lot of them want a house

Live, Learn and Grow

Lifexperience

Marc1,
I have noticed that a lot of your posts follow robert kiyosakis opininion that your advisors in wealth strategies must be someone who has created wealth.

I think that the worst you can do is ask your neighbor or his financial adviser for an opinion on something they are ill prepared to comment on.

I personally agree, and I think that…[Read more]

hotchocolate,
Canberra doesnt seem to get much of a mention in these forums…hmm.

In the areas you have looked, what is the average rent as opposed to the average price to buy in canberra?

ie yield?

Live, Learn and Grow

Lifexperience

pekay, Sounds interesting, do you know who gets the property title (them or you as the investor).

What other info do you have on them?

Live, Learn and Grow

Lifexperience

Deal 1,,,,,,but Where can I get my instant 50k-70k equity in reality?

I see your point freedom fighter, the only problem with deal 1 is that usually you have to wait for a lucky break with the market upsinging (or a bargain buy) to get that equity ….picture a flat market for 10 years.

With deal 2, you could replicate it unlimited times like…[Read more]

It seems like good positive cash deals.

If you do 5 more deals the same with your remaining 85k equity, you should be spinning another $12500 per year.

So $17500 return on 100k equity (effectively a no money down scenario) is an impressive 17.5% deal on your equity and still hold the properties for capital gain.

Even if you wrapped, you would…[Read more]

Ask yourself “how could I make positive cashflow properties?, rather than where are they?”

There is much literature on ways to do it.

Wraps, lease options, property improvements, and on and on.

Rolf De Roos (not sure spelling) may be someone worth checking out for such ideas.

Live, Learn and Grow

Lifexperience

If your average wage is about $45000

After tax, your average income is about $32000

At affordability of 35% of your income towards housing, this allows about $11500 for rent ($220pw) for the average earner.

If you talk about yields of 5%-7% then your average houses are only worth $190000 or so (bare with me as i redo your calcs…[Read more]

if you sell you will give a lot of your capital gains to the government as tax.
not so if you use equity to borrow for more properties.

Just work out how close to the wire you want to gear yourself.

Cashflow positive properties on fixed interest loans would negate most of the limiting concerns you put forward.

But you will have to look at all…[Read more]