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  • Profile photo of mattstamattsta
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    March 11, 2012 - 2:51 pm
    Alex SC wrote:
    mattsta wrote:
    since much of the real estate investing terminology is still new, then I'd suggest reading some books about investing, as well as continuing reading and participating in forums such as this!

    Good advice I would also join a local real estate group . Education is the key and taking your time.Don't jump on the first deal you see or hear about. Lots of good books to read or forums to ask questions.

    Good luck

    Local real estate groups are also helpful, but just find out firstly what their agenda is, and whether it's really beneficial for you. There are some helpful ones, but just watch out for groups and clubs that are actually means to sell you their products and services.

    Profile photo of mattstamattsta
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    March 11, 2012 - 2:49 pm

    Yes, rents have been increasing, but it is especially true and apparent for mining towns. I think the ones who will profit are the real estate investors and property owners.

    Since you've been monitoring the prices there, have you invested there yourself?

    Profile photo of mattstamattsta
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    March 11, 2012 - 2:46 pm

    I think the best choice would be the one that helps to achieve your goals faster. Is it to increase your assets or your monthly income? Always think about what are your major outcomes, and then decide from there. I think this will help to decide for you.

    Oh, and if you want to do comparisons of rents, then you should do research of rental prices, which in many cases has been increasing lately.

    Profile photo of mattstamattsta
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    March 11, 2012 - 2:41 pm

    That's quite amazing mate. A great bargain! and inspirational too

    Profile photo of mattstamattsta
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    March 11, 2012 - 2:39 pm

    I'd suggest to go to a broker as they can advise you better on your personal situation

    Profile photo of mattstamattsta
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    March 4, 2012 - 3:09 pm

    i think the biggest con is that vacancy rate. The list of pros and cons by kent is pretty good. If you can find actual holiday homes that give you higher retruns and the pros outweigh the cons, then go for it

    Profile photo of mattstamattsta
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    March 4, 2012 - 3:06 pm

    Yeah that insurance paragraph was a little weird. Nonetheless, I agree overall with what you're saying. You can't do everything and know everything on your own, so a team is very helpful! Take time to find the right people

    Profile photo of mattstamattsta
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    March 4, 2012 - 3:03 pm

    hey check out this article about tips for negotiating – I'd also recommend the book Getting to Yes

    Profile photo of mattstamattsta
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    March 4, 2012 - 2:52 pm
    Freckle wrote:
    engelo10 wrote:
    http://www.cnbc.com/id/46538421/

    Hi all,

    Just a bit of entertainment for you.

    I would definetly put my money were this guys says its good to do so.

    Regards,
    Engelo

    Then you know little about Warren Buffet and are simply parroting what the media says. Buffet doesn't give a hoot about property other than it's in his personal interests to talk up the US economy. Much of his commentary is not taken seriously by mainstream economic commentators. Buffet is more of a 'story' these days as opposed to some oracle. His investment company (Berkshire) accesses investment deals and has them structured favourably in ways only you and I could dream of. If you read his commentary and watch his interviews they're all about promoting and talking up his many investments. His comments are subjective and considerably parochial and shouldn't be taken seriously by the average small time investor. His investment philosophy and strategies in the early days of his career on the other hand are well worth getting one's head around. The Freckle

    Interesting viewpoint.l I've watched and listened to some of Buffetts interviews and some talks he has done – and yes they are actually rather general in nature. I prefer reading books about his life and analyses of his investing strategy. Very interesting and I've been trying to follow the value investing method myself

    Profile photo of mattstamattsta
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    March 4, 2012 - 2:48 pm

    where and how do you find mortgagee sales and auctions? Just curious

    Profile photo of mattstamattsta
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    March 4, 2012 - 11:47 am

    why not start with some of the areas that you are most familiar with? Then focus on those. This will be easier for you since you have experience living within the areas so you'll be more familiar with the trends and demographics

    Profile photo of mattstamattsta
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    March 4, 2012 - 11:44 am

    you probably wouldn't find +ve geared or neutral properties in the main capital cities, but if you go outwards to rural towns and mining towns and suburbs outside the main cities, then you are more likely to find some.

    Profile photo of mattstamattsta
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    March 4, 2012 - 11:41 am

    does it make a difference about the contract of sale and offer whether or not it is a private sale or via agent?

    Profile photo of mattstamattsta
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    March 4, 2012 - 11:38 am

    so your financial broker says you have analysis paralysis?
    I'd suggest o just make a decision.

    If I were you, I would invest a new house and land package and grab the qld $10K rebate before april 30 – times a wasting to get this one though

    Profile photo of mattstamattsta
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    March 4, 2012 - 11:34 am

    since much of the real estate investing terminology is still new, then I'd suggest reading some books about investing, as well as continuing reading and participating in forums such as this!

    Profile photo of mattstamattsta
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    February 26, 2012 - 11:36 am

    I'd also suggest to use a lawyer from the relevant state, as they would know the nuances of the regional law

    Profile photo of mattstamattsta
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    February 26, 2012 - 11:34 am

    i woudl suggest to get rid of it wit hthe help of professionals. You don't want any accidents in the future, as it may create legal and financial issues for you

    Profile photo of mattstamattsta
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    February 26, 2012 - 11:27 am

    China investments may be rather risky, especially with the government there. What about investments in Europe?

    Profile photo of mattstamattsta
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    February 26, 2012 - 11:20 am

    Libs very mcuh may get into power next election since ALP have been involved in such petty squabbles.

    Profile photo of mattstamattsta
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    February 26, 2012 - 10:11 am

    I'd also suggest doing google searches, and read reviews and comparisons of accountants, just to so some background check work, so you're more confident

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