I am from Queensland and attended the Masters seminar in Melbourne a month ago. You heard correctly, Steve told us at the seminar that in Qld one must wait 12 months for the FHOG, not too sure why but we are looking at some wraps also. Maybe we need to do some lobbying like Steve did.
Cheers, Little Mermaid
I live on the Gold Coast and use Hickey Lawyers at Bundall. I know Tony Hickey personally but spoke with Matt last week who is going to do all our work. Very professional.[]
Well done Red Card, my business partner and I attended the Masters also and we have spent hours on-line looking looking looking!!!! Are on the verge of submitting offers on two properties, one in Qld one in NSW. Pretty exciting for newbies like us, I just need to learn how to put my mind to sleep at night and have a good night’s sleep. Anyone else who did the course having this problem?
Hi there,
Steve said at the Masters to try and get a win win situation for all concerned but I guess sometimes that is not possible. I had a rental property a couple of years ago and my husband was looking after the rental etc, big mistake. The tenants got behind about 6 weeks in rental and did a runner, and the place was filthy when we finally got in there. When we do positive gearing now we will have them managed and try win wins but I wouldn’t give much room to move anymore. Lesson learnt!
Put my vote with the CD’s. I had to hunt around in my son’s cupboard and found a Walkman tape player that he got when he was about ten. (he is now 20!) Most cars these days have CD players in them and I would pay a little more to have a CD in preference to a tape.[]
I live on the Gold Coast and looking into my crystal ball I am seeing that you are talking about the Upper Coomera area. The Northern end of the G C is as we both know moving big time! I have a friend who bought a property at Paradise Point 12 months ago and has been offered $100,000. more than he paid, he has just secured his 2nd property at P Point and is building villas x 2, and has purchased 3 blocks of land at Upper Coomera and has a builder putting homes on them which he will sell before completion. He is new to property but a very astute businessman and has certainly done his research, so if I am correct in assuming that your proposed purchase is in that area, I would feel confident. The Gold Coast is growing rapidly as you would know and the area between G Coast and Brisbane is exploding. We are about to purchase a reno at Elanora in case your’e wondering why I am not investing in the northern end of the Gold Coast. Good luck, the end decision is yours alone.[]
I haven’t heard of it, did you attend the seminar last weekend in Melbourne? I guess you have to start somewhere, and as long as there is some form of income to keep the bank happy, once you get a positive cash flow happening with a buy and hold, hopefully you will be on your way. There should not be any discrimination re single mums investing, go out there and show them you mean business! Good luck with your ventures.[]
I am a “newbie, and attended the seminar last weekend. The last thing that any of us “new kids on the block” need is to feel inadequate, but it takes a little time to learn how this forum operates, so I guess all you old hands may need to be a little patient.[]
[]Hi Steve,
I must say that I found the game on Sunday a little frustating at the time probably because I am a rookie and had not experienced anything like this before. I have bought and sold quite a few homes over the years but only as principle places of residence, so when I read your e-mail then, I realised what your aim was. Clever!!! Our team actually did have a strategy and found a tenant, the money and a deal for a reno but ran out of time so I felt a little more comfortable after reading your explanation. I loved the seminar. I learnt so much and am in top gear. Thankyou so much.
Little Mermaid