Brisbane, QLDAbout 3km from the CBD. Wish I owned the apartment though! Blasted rent…

Permission in writing would also be my recommendation.A signed e-mail also should qualify. Trespassing is an interesting thing. To my memory if they (seller) ask you to leave you can consider that written permission moot.

xdrew, that was an awesome read. I wish I had the balls to even THINK about being a developer!

haha o snap!

hannahbella3 wrote:
hi,I have been reading this forum for many months now but this is my first post.my name is Hannah and i am a waitress living in Kalgoorlie, i have always wanted to become a real estate agent and i got this opportunity when i came to kalgoorlie a year and a half ago and im so glad that i did as i learnt so much that it is now…[Read more]

I suppose it depends how comfortable you are knowing that you, potentially, may make $0 in a week.I don't work in real estate, but I am more comfortable knowing that every two weeks my pay will be delivered in to my account and that I know exactly how much it will be.In my personal opinion, totally un-related to whether you could be getting…[Read more]

Good luck mate! Hope you achieve everything you set out to do, and it seems like you have the right frame of mind – which is just as important as the know how

dc99 wrote:
yes indeed… where r u investing lordopg? perhaps you can advise me on better suburbs?

Hey mate,I am yet to invest – and not really at a level where I could give any advice!My plans for the next 6-12 months are:# Save, save, save!# Buy first property as owner occupier and pretty much follow the plan outlined in the Original Post..I…[Read more]

dc99 wrote:
Hi Angel, I did some research for rental market in Sydney and mostly the rental return is around 5%pa. Let say Sydney CBD, 1bedroom apartment can cost me $530,000 and with rental income is around $520/week ($520x52week=$27,040.00~around 5%pa from investment) Is there any area with rental income 7-10% pa? Do you consider 5% return pa…[Read more]

If someone knows the answer, they should probably go buy a lotto ticket too!hehe.

Suppose that depends how you're measuring their success? More properties? More net worth? More return pa?Would be interesting in seeing this list though!

Nathan Birch wrote:
When you purchase properties if you purchase the correct properties with strong cashflow the bank actually sees this as a positive and includes the rent as income therefore your borrowing capacity increases.So $50kpa and you buy $200k IP with $300pw ($15,6000pa) rent, new income is $$65,600 and debt $200k.Hope this…[Read more]

Thanks for the information!

Are you going to be buying a positive cash flow property in Bathurst?

Would be interested in seeing the numbers if you don't mind!

Thanks

Patrick

Thanks for the information!Are you going to be buying a positive cash flow property in Bathurst?Would be interested in seeing the numbers if you don't mind!Thanks Patrick

This seems like a very smart idea!let me see if I understand:- She finds owners who need a certain value of rent pw- She then finds a tenant willing to pay over that value and keeps the difference?Patrick

OK, awesome, thanks edit: naw shucks thecrest. The only thing I have at the moment is the knowledge that what I want is going to happen. There's just a few blanks I've got to fill in

Hey,Thanks for that Angelina I have a question based on the OP (original post):- Does 'Sarah' have a PPoR that she has bought? Or is property #1 her PPoR?- If it is her PPoR, how would she try to structure her loan? Should she be trying to get one which will assist with turning it in to a IP down the track? Is there even a difference at all?Thanks…[Read more]

Hey guys,Your stories are both inspirational but, I must admit, feel so foreign! Coming from a low-medium income household, we never had anything like what you guys are suggesting. It wasn't even considered for a fleeting moment. Now I want to change that but I think I'm almost too eager? I know realistically I couldn't hope to make any bold moves…[Read more]

Thanks for the input thecrest!Appreciate it mate!

G'day,I live in Brisbane in 4066 – only about 5 minutes away from West End (minus traffic).West End is a trendy place and attracts all sorts of different people. Lots of young professionals are living there as it has a vibrant and unique culture to it.There is lots of good dining and boutique shops which attract interesting groups.I haven't done…[Read more]