my advice , if you are interested in Property and investing is to choose yourself as your principal financial advisor.

Educate yourself and research all your investments. This will help you in the long run.

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Lifexperience

This is only for basic advice though, not for specialised property investing advisors.

Tell us more alotti about what these advisors claim to offer you as a client and why that appeals??

I always thought the cheaper/free financial advisors would reccomend commission based products (like retail super funds).

I thought the independant advisors would actually reccomend the best product available for you (like industry super funds)

As I understand it, the free financial advice usually costs you more in ongoing fees and reduced…[Read more]

No probs,[biggrin]

sorry, i’ve been off the forum for a while

First of all I have to give the “sparky lecture”. YOU CAN NOT DO ANY WIRING YOURSELF.
This is because a licenced electrician is the only one allowed to do the work and the rules and regulations are so specific that it is impossible to think you could get by.
If you caused a fire or electrocuted anyone…[Read more]

i’m a vic sparky. ask away.

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Lifexperience

Wade, I will be more specific. I have usually had very helpful brokers and they are rarely the problem.
It is usually the maze of systems at the Lenders end of town where most costly delays occur.

When it comes to the crunch on the day the money needs to be paid, it is the Investor that cops delay fees and/or loss of deposit and/or Legal…[Read more]

I know what you mean Frank, that was exactly my argument for years. Problem is that the Greenland ice that they are talking about is a remnant of the last ice age and it is sitting atop land mass. The problem they suggest is that it is slipping into the sea now.

Hey, i’m not a big fan of any world climate theory and it’s causesas most of it is…[Read more]

Push hard if you have a tight time frame. our paperwork will probably end up sitting in someones in- tray doing nothing right through til your time frame expires..

It is your responsibility to get the finance through, you have a right (and i’d say obligation) to be assertive.

trust me..

very difficult to find no money down deals, that will be profitable for you.

You need to create these kind of deals with a bit of work. ie wraps or lease options.

If you have excess weekly cash income, Maybe find someone who has available equity. An equity partner for a partnership on a joint venture!

Or you could approach an off the plan…[Read more]

seems like a good strategy.

Read some of Margaret Lomas books, She advocates a style of property investing whereby you buy property, pay it off as quick as you can until the expenses are covered by the rent coming in, then buy some more property etc. This seems similar to what you are doing.

One of her books “positive cashflow investing” is…[Read more]

I think Frankston will be good. I would try to buy in the best area of Frankston you can afford rather than the Cheapest,

let us know what you think of the Frankston Market after your inspections.

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Lifexperience

i like a recent opinion on houses i read from an investors viewpoint.

“they keep the water out”

so if it aint leaking, don’t waste your money on it.

If you really need to replace roofing, then start with the side that faces the road, otherwise spend your money on other things that would add real value.

Live, Learn and Grow

Lifexperience

very interesting ctaing

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Lifexperience

i think glen waverley is well poised to take advantage of the immigrating population. School zone is a big factor.

Frankston Highschool zoned houses too. Get a huge house here for $400,000

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Lifexperience

i think glen waverley is well poised to take advantage of the immigrating population. School zone is a big factor.

Frankston Highschool zoned houses too. Get a huge house here for $400,000

Live, Learn and Grow

Lifexperience

consider bayside suburbs.

They have Great lifestyle.

With only $400k you might have to go out a bit from the city centre.

Mornington, you could get a 3-4 bedroom house on a big block with $400k and be within 1 block of the beach. Great fishing, great cafe culture, close access to wineries and all the benefits of the mornington peninsula. It is…[Read more]

foundation,
I was hesitant to engage in this discussion as I knew it would get quite involved. My attention span and patience is short.

I do appreciate the many figures you have supplied. It makes for interesting reading.

I wont even have a shot at you using a small piece of the pie in terms of property prices in Australia that ended with the…[Read more]

ok i’m in.

the 7-10 year argument is not a guarantee that you should bet on your mothers life with.

I do think that property appreciation in general is too often compared with “how can wages get that high so quickly” mentality.

I believe property (like all assetts) appreciation is more closely linked with supply and demand.

They are not making…[Read more]

you need a gun mortgage broker. The best broker will alwaysa be able to find you the best loan

Live, Learn and Grow

Lifexperience