I have found that country areas provide the best opportunities for cash flow positive, however you do trade of capital growth for it, which hasnt been such a bad idea for late.

Shame I have to sell mine.

You need to be careful about wanting to do renovation while in the rent period because at that stage you dont own the house, and if you reneg on a deal the landlord can be left with a renovation they didnt want, wasnt done properly or painted in a colour they hate.

I understand your concept, but you need to be careful of the legals around what…[Read more]

So are you wanting to be the person who is renting with the intention to buy?

What area are you looking at, and do you have any kind of deposit?

That makes so much more sense if its for erection only.Since it is for erection only, and Ive put a few up in my time you really cant put a kit shed up in better or worse quality than the next bloke since they are so "bolt together" and screw the tin on.  Ive seen some real rough people put a kit shed up and havent been able to fault them in the…[Read more]

I personally never ask people to match.You have to be prepared to wear quality for price, and I personally find it insulting when people come back and say "we know you do good work, can you do it cheaper because someone else is prepared to."How would some of you feel if your boss came in at annual review time and said "look, you are an excellent…[Read more]

I witnessed them take 42 weeks to complete a house, and their answer was "the contract said 300 working days, not my problem".A lot of extra rent was paid in that time considering the local guys are knocking them out on average in 16 weeks.Sub par quality and now they are on the verge of going belly up.Terrible service.

Let me get this straight.  You believe it to be worth $330k, you are even happy to pay $330k, you think it could easily fetch more than $330k, yet you want to play games in the hope of obtaining a 10% discount on the price when it says offers above $330k considered.Sounds to me like you have no idea whatsoever and think you are entering the world…[Read more]

Google and:<moderator: please see link for article.  It was too long to cut and paste here. Thanks>Aussies, be warned.http://www.jenman.com.au/news_alert.php?id=94

Your loan is for $150k.  You get to claim the whole interest on that loan against your rental income.  Take a loan for the full $150k, dont tip any other money into it.  That way you are maximising your interest deductions.Only pay the loan off at the bare minimum, and use any spare income/rental income etc to smash your current home loan since th…[Read more]

Portfolio PI wrote:

Lucky I Guess wrote:
Hi Josh,Ive been reading your travels, and I was wondering whether will be expanding your areas of expertise to other mining areas.I for one have been looking very closely at the Oaklands Basis and am thinking this could be a place to sneak in on the ground floor.Do you know much about this area?

Hi, I…[Read more]

Hi Josh,Ive been reading your travels, and I was wondering whether will be expanding your areas of expertise to other mining areas.I for one have been looking very closely at the Oaklands Basis and am thinking this could be a place to sneak in on the ground floor.Do you know much about this area?

I tend to lend myself to potential mining towns, where the outlay is very small.I remember people telling me I was mad about investing in West Wyalong a few years back.  The housing was dirt cheap, in inside of 4 years I doubled my money on one property, almost tripled on another.The one place now that has my attention is Oaklands NSW.  There is a…[Read more]