Hi guys,
Exciting post!
What about creswick north of ballarat, anyone got anything to say about that place?
Cheers,
Andy

Hi robbieP,
As much as interesting your strategy is I’m
Not sure how many under 150k property that rent over 1100 per month.
If any of you guys know any area that offer that please share.
I believe you can either find that price and not have many tennants available or viceversa

Hi guys, thanks a lot for the time you took in answering my question.

Xdrew: I’m not sure I’m understanding your idea of Value in your case.

Jamie: im sure we could somehow manage to get some time off for Reno, although the less proficient at it you are the longer you will need and the more expensive it is going to be… I like the idea of local…[Read more]

Thanks AW, I was looking at Melton South last night and I ended up arguing with my partner about it….she reckons is too far out and is a dead end and according to her it would take ages for that area to pick up…mind you she is not interested in investing so I suppose I understand her negative attitude.Putting a deposit for 4 units is a bit…[Read more]

That is a good point to rent it for a modest sum to my brother for cash. Not very happy to share with strangers though. My ultimate goal is to have passive income, any capital gain would be good only for the equity and or paying off other properties faster

Yes I’m quite familiar with Lomas I hv her software, read her book and saw her at a seminar, never been to one of her consultants though but I would be xtremely curious on how you went… Although I’m sure that property wise u are much more ahead than me.
Good luck

Now that sounds like a good plan Sophie, you see my plan is to make enough money to go and retire in Asia or central America by age of forty with a passive income of around 2k aud. With high yeld bank deposit this is not possible especially with the fact that any crisis could drop interest rate for investment deposit. I am 33 next month so not…[Read more]

Great suggestion thank you Sophie! The only thing is I’m not sure how many properties’ rent could pay the mortgage by itself unless u put say a 50% deposit but in that case probablt all my savings would be gone and just for 1 property although I guess with tax at the end of the year could probably positively geared with some research and luck. I…[Read more]

Well I just saved and saved and kept my money in high yielding bank accounts like bankwest, ing, etccc.
In terms of living arrangements I live and share rent with my brother.
You see buying a house or even a unit in Melbourne is not a cheap affair unless you are ready to move to the country and commute for hours every day. We are still looking at…[Read more]

Buying a cheap home? As in a unit or a house up in the country? What you mean reborrow to invest, you mean buy the house outright and borrow off the equity? By the way I do not own any dwelling…
Cheers

I would be more a passive investor as I am not into renavating plus I do not have time for it.I would like to achieve a passive income…timeframe 5/8 years.Thanks for your helpAndy

Costa Rica, by costitutional law anyone can own anything there regardless which country you are from

I think it is worth a while especially with what's happening here in Australia. My understanding though is that you can't own a property for less than 85-90K AU, is that right?

Thanks for your advices. I will be there in few months and I will keep you posted

Great advices guys. As far as reading books, I suppose i have been doing to much reading and little action here. Done Steve's books, all the Lomas one, API been a member for the last 15 months, Mk Intyre and Kyiosaki, Anthony Robbins, Trump and other less famous ones.Steve's recent newsletter put me off a bit, with all the interest r…[Read more]

thank you guys for having taken the time to voice your advice… really appreciated.

Hi Guys,Very interested in Tassie market and its CF+ property I ve hard Zeehan is a good area. What is your feeling about the place?Any other interesting areas u aware of?Thanks 

I fullout,maybe you were reading my thread. I wrote one about the lack of CF+ properties around Victoria. I, myself went on a journey following  Steve's steps in regional Victoria and I couldn't find much. Althoug I have found good returns up to 8% in a couple of cases. And probably is the best that you can find at this very stage. Following…[Read more]

Just a provocative thought.If Jamie was out there to educate people on a noble cause he would have made his book thicker, denser with more nuts and bolts instead of just a tantalising tool to advertise his seminars.Usually (my 2 cents opinion) seminars are great for motivation (I have done few) but when it comes to knowledge: sharing info with a…[Read more]

Hi guys,I got a phone call from the Rate buster guy. He said he was ready to negotiate if I was happy to wait for two months. I said no thanks then I explained him my financial position and that many other companies would be happy to waive the time rule. Guess what…He apologised and said that he was happy to send me my pre-approval as soon as i…[Read more]