Hi Sabina – thanks for the vote of confidence. I suppose the question should really be “How?”.

I found the tenant, and they found the house. That’s exactly the way Steve teaches it in his tape pack and at the seminars.

Hope this has helped you!

Have a great day!

Marco

Hi Property Head,

could you paste the list on the forum? The article you mentioned is locked for subscribers only.

Cheers,
Marco

Found one last friday fellas!!

You’re not looking hard enough <grin>

Have a great day

Marco

Hi Brett, welcome to the forum.
Do a search for “Adelaide” and “South Australia” and you’ll find a whole treasure trove of information.

Have a great day!

Marco

Hi Feathers,

I was in the same boat 18months ago that you are in now. Everything seems so easy for all the other states – find a person, get them to find a property, we negotiate etc etc. <grin>

Here in SA it’s a little more involved. When you do find somebody to do a contract for you make sure it’s bullet proof, rembering that you need it if…[Read more]

ahh, I think Rick Otton is coming soonish…

(sorry Steve!)

Hi Battz,

in response to your second point (although not directly in relaion to it <grin>), may I recommend a book?

The Pig and the Python: How to Prosper from the Aging Baby Boom by David Cork, Susan Lightstone
ISBN: 0761512756
Available from Amazon. I read it a couple of years ago and it gives the reader an insight regarding the…[Read more]

You may also like to look at the Lutheran Laypeoples League of Australia. It works just like a Credit Union account, albeit no fees at all. They even do cheques for you (FREE)and have a great interest rate. http://www.lll.org.au.

All transactions can be done over the www. If you have cash it can be deposited at any of the big 4 banks all over…[Read more]

Just as an addendum to this message, before you go with 3 (www.three.com.au)make sure you understand the way their billing works. For instance you pay for voicemail and it’s not included in your call cap. Just got myself a vodaphone prepaid which has free voicemail but don’t use it make calls. Subsequently I only give people my vodaphone number……[Read more]

Hi Sach,

although not strictly speaking on the forum topic, I have just purchased a ‘3’ phone. I base my mobile phone purchases purely on the value of the plan, never the phone. Subsequently I don’t utilise its multimedia capabilities which are very costly.

If you are *very* disciplined then this phone plan will work for you as they have a…[Read more]

I think Dan the Man has hit the nail on the head. Think about it – the Commonwealth bank doesn’t fix the hot water system for you when it stuffs up, do they? So why should you fix your buyers properties??

Have a great day!

Marco

Had the same problem some time ago. Called the local wrecker who towed it *and* paid me $25.00 for the bomb.

Cheers,

Marco

Hi Fizman,

interesting situation you have there. Interesting to the point that a lot of people are where you are at. I’d say that the people on this forum that are actually investing have also got their spending in check!

Certainly persue the refiance options, however you may also like to look at your spending as previously advised. If you need…[Read more]

Hi Johnny,

do a search for “Adelaide” and you will get all the info you need!

Cheers, Marco

PS – why go to a financial advisor? They are only glorified insurance salesmen(IMHO)

Hi Alf,

sorry, must have missed your post. I’ve heard that Michael Abrahm is good. 8281-7777.

Can’t vouch for him as I’ve not used him myself(Mint group client).

Cheers, Marco

If you are in Adelaide try this mob:
Scrumpers Salvage Brick-A-Brac
29 Hales Drv Lonsdale 5160 (08) 8326 1708

Have a great day !

Marco

https://www.propertyinvesting.com/backissues

Cheers, Marco

Hello Argyle610,

Here is my take on the situation. Investing is the end product of having developed the golden goose that lays the golden egg. What I mean by that is that it’s probably wise to develop a cash producing business first, then use the proceeds to fund your 20% deposits. I know that this doesn’t give you an exact answer to your…[Read more]

Hi Wannabe

Steve advocates that the tenant is the investment, not the property (so much). To this extent he finds the tenant first, who then finds the property, tells you the investor about it who then negotiates a prices.

Doing it this way you won’t have a vacant house unless they leave.

Does that make sense?

Marco

Hi Nessie,

I’m interested in the article you mentioned. I looked but couldn’t find it anymore. Would you happen to have URL for it??

Have a great day!

Marco