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Hey D!
Just got home from the one day course with Carly. Very inspiring and motivational – yet it looks like my potentail deal isn't much of deal after all.
I will have to do some more research.Hope you are working smart and not hard
Marie
JacM – Yes I will do something about it ASAP. Pity the tentants are so good, they will get a rude shock!
IPInvestor – absolutely, when you put it that way it makes a huge difference. Can I ask you where abouts you bought the property, what state, etc? It seems like we have been missing out on some serious money for a little while now – and we don't even manage our rental!
When they valued our property – as we wanted to sell 18 months ago they over valued by 60k and for over a year they have been undervaluing the rental aspect. Hmfp.Can anyone here tell me whether the above people receive my posts or do they have to go searching to find them??
Cheers!
Given Steve has done a great job with selling his idea that Dec 09- Jun 10 is the time to buy property, (and if everyone listens to that idea) perhaps you should buy after the middle of the year???
(am I allowed to say that here?)Thank you fine people for responding. I feel welcome already!!
I see I lacked a bit of detail in my first post. I hope to clarify it further now. Please add any more tips if you can think of them after reading the following.. thanks again.
climbingjac The IP is generating a return of $15600 ($300 per week) however I have recently discovered that next door is renting for $395 and there establishment is on par with ours! (I don't know the return with tax involved, can't say off the top of my head)
Terryw We tried putting our home loan on IO however it didn't work for us. It took us 8 years to realise we were paying off 1k per annum
Boy! Of course if we are to be succesful with property we need to lighten up our spending… and find where it is going. If we were to purchase another IP, how will that help? Ie: how do you find an IP these days that is positive geared?charliewebb You also touched on some important issues. The "strategy" is what I am lacking, and the starting point, DOH! I do like the sound of positive geared and commerial property but that is as far as I have got. I wonder what the bank will say when we apply for more finance, we don't have much debt (other than the above) yet we only have one income. My brother has offered 6k of his money, which is a start. Can I ask you how many properties you own now? Outright?
Looking forward to hearing from you!
I didn't get into the club, they said it was full.
I haven't read the book yet either and as a mother of 2 (toddlers) and one on the way, I dare say I will have my work cut out. I hope to find other mothers on here that I can hear some encouragement from, and some success stories to keep me going! CT
I will have to do some more research.
When they valued our property – as we wanted to sell 18 months ago they over valued by 60k and for over a year they have been undervaluing the rental aspect. Hmfp.
(am I allowed to say that here?)
Boy! Of course if we are to be succesful with property we need to lighten up our spending… and find where it is going. If we were to purchase another IP, how will that help? Ie: how do you find an IP these days that is positive geared?
I haven't read the book yet either and as a mother of 2 (toddlers) and one on the way, I dare say I will have my work cut out. I hope to find other mothers on here that I can hear some encouragement from, and some success stories to keep me going! 
