DB could definately be a winner for the right type of buy right now imo.[]

Hi Mini, one question[], you guessed it, why don`t you buy them!, surely you could purchase these at the drop of a hat, they are free houses and like you said the more the better, past debates and all things considered this is a fair question.
Recently I read an article regarding Auckland tenancies which would put a major scare into anyone…[Read more]

I say go for it Blowie!, I have the same opinion of the North of Brissie, especially if prices have only gone up by 80% in the last couple of years, that`s no where near the mark.[]

One of my bros did this with success, but without the help of the rising market I doubt it would have amounted to anything as of course you are cutting your profits in half which will make it even tougher if prices stall/dive.
If you are not in a position to do anything on your own it may be a worthwhile plan if you don`t have too bigger expectations.

Wouldn`t surprise me at all, and it would lift prices although they will not need much help, Queensland will become the leader in house prices over the next ten yrs imo…why is obvious!.
Coomera is a great spot and to anyone from Brisbane/Gold Coast it`s been obvious for a long time it will go ahead due to where it is and the availability of land…[Read more]

Mini I`m very positive with R/E and merely took a negative break[], but do you believe it`s possible for anyone to lose in R/E?.
Are you the least bit concerned about the greater divide between the rich and poor?.
Do you see how if too many investors bought investment properties it could become a problem and that maybe the lucky few will survive…[Read more]

Plans have changed Richmond, won`t be going till next week and probably won`t have time to include Woodgate let alone Roma.

These replies are great, thanks!, and Elves I can really relate to yours.
I have run my own business for well over 10 yrs and had huge problems getting loans during one period, it seemed impossible.
The loans I did get were drawn out battles, most I nearly quit on but thankfully didn`t, that is my strongest peice of advise, if you can`t get a loan…[Read more]

Im 38, and bought my first place in early 20`s, but did take a fair break from it, so in fairness probably ten yrs.
I`ve studied the property market, countless books etc since the beginning but in all honesty really seriously seeking financial independance (didn`t believe I could really do it) for probably only 5 years.[]
Reminds me of one of the…[Read more]

Originally posted by richmond:
how close are you to getting to where you want to be markpatric? Considering the length of time you’ve been investing you must want a pretty expensive PPOR

cheers
r

I have been investing a fair while but I spent a lot of money along the way, and made business mistakes early on, but my ppor should be worth between…[Read more]

I agree with Kay and Rebecca 100%, it is too easy to become a repulsive type in R/E, I go through stages of investing but always double check my state of mind along the way, you just can`t constantly seek out maximum dollars all your life, you need to get some comfort and find other interests, in fact I would like to buy into some form of business…[Read more]

Thanks for the info I might go and have a look there late this week as I`m going to Rocky and Bundy.
If I get there I`ll give you what info I can find out.

Originally posted by richmond:
Mark,

Reading mini’s latest post, does it make you change your mind about anything? Perhaps admitting that what you thought couldn’t be done, in fact, can be? And it is possible to do things to increase the rent, like add air conditioning etc… plenty of people have done it, as I’ve done myself.

cheers
r

Yes you…[Read more]

My whole original argument which you have ignored all the way through is that an investor starting out now would have trouble, not someone like me or you who has had a win or two, but even then you are suppporting a theory which you haven`t even tried.
I never meant to upset you but the heehee etc made me a little annoyed.
You sounded arrogant,…[Read more]

Originally posted by BEAR1964:
yes kay in tassie u would get a renovated house for under 50k easy.

In SA im finding several from $45,000k but at that they need about 5k spent on them. found one house for 50k needed nothing doing to it. so yes they still around. The thing about Tassie they small town , not small town in SA tho.
b/w 50-60k can get…[Read more]

I don`t buy and hold for my reasons that I do not have ambitions of being a landlord, for any amount of money.
Like I thought Mini, you haven`t done it!, you have done almost identical to what I have with the market!.
Do it first, then tell the world it was that easy, in the current market!.
As far as CF+ properties I know they are there, but to…[Read more]

That was a long read, I`m not sure what your argument is?, but you are basing everything on buying before/during a boom, you bought at the right time.
You cannot do this now full stop!, especially with no equity.
If you had $500,000 it would sure help though, you could undoubtedly make money still, but it would be impossible to find this many CF+…[Read more]

So are you saying you would give a deposit but not do the contract till the inspections are done?.
With regard to cooling off periods, I don`t see the point as you still have to pay a certain % if you use this clause(in Qld), unless the contract is unconditional most would use Finance or Building/pests reasons and get the deposit back in full anyhow?.

Originally posted by Pisces:
Go ahead and hope Richmond but, whatever you do, don’t hold your breath.

Even if ‘your’ town is the chosen area it may take who knows how many years for the project to come on stream.

Pisces

I find this post a little overly negative, after all anyone that bought in Rocky has bought undoubtedly at the bottom of the…[Read more]

I heard about this………after I bought an IP there!.
It could have some kind of impact for sure, I would guess it won`t be minimal, also when you consider this kind of boost leads to other positives and so on.
I always find any kind of news exciting when I have a house in the area[:o)], in fact I feel like it`s christmas.
That`s why I`m PI nut,…[Read more]