Hi APIM. AD and mini have pointed out some great tips to you and I couldnt agree more. You will probably get SOMETHING out of any seminar you attend, even if it is to reinforce the message of property investing, but in my opinion, you are already attending the best seminar. That’s right, this forum has so many people out there just doing it…[Read more]

Hi Dino. I think your answer is in your post, a GOOD mortgage broker. Try and find one that is into property investing, he/she may understand your plight a bit more than other brokers. There are some on this forum.
Regards
Marty

Hi again. I just wanteed to thank everyone who responded to this, I am sure I wasn’t the only one who benefitted from your great replies. As I mentioned, I personally like buy and hold but Andrew (AD) raised a good point when he said that he has tried most strategies. Maybe there isnt a “best” strategy but just “what works for you” type of…[Read more]

Hi PJ. Sounds like you are pretty switched on. Already excellent advice offered. As far as Beenleigh goes, I have a little unit there which gives good returns (paid just under $60,000 18 months ago and getting $125 rent a week, and it is probably worth approx $75,000 now).I think Beenleigh is in a great spot to see good future capital growth due…[Read more]

Suppose it’s not too important, but what is difference between the colours? i.e how come some people with the approx same amount of posts can have different coloured stars? This is important to my P/I strategy lol.
Cheers
Marty

Really great responses (again).
Westan:
Love your way of thinking
Richmond:
As you say, hindsight is a great thing, but without minor hiccups along the way, I don’t think we would learn what we now know. I’ve said before that when mistakes cost you money, you learn real quick.
MJKMJK:
By the sounds of things, I’m trying to achieve along the same…[Read more]

Hi Hamster. My understanding is that if you sell, you will pay pro-rata as stated. It should only affect the period in which the house was rented out. Also, any renovations etc can (I believe) be deductable from the CGT. Get an accountant that knows about property investing.
All the best
Marty

Ms Elvis. Dont assume any of your questions are “dumb” (your word). If you are new to property investing, you will probably come across many phrases or ideas that you are not familiar with. We all learn everyday. If you don’t ask, you wont find an answer. This forum is fantastic for just about any property investing topics.
Regards
Marty

Thanks for your responses guys. It is good to hear what other people are doing as it gives me (and I’m sure others) food for thought. Anyone else reading this who may wish to repond, please do, by sharing our ideas and thoughts can only make this forum stronger.
Have a great day
Marty

Hi Ms Elvis (maybe that should be Priscilla). I have some P&I loans and some interest only loans. With my I/O loans, yes, I can make extra payments but unless you are paying a substantial amount it wont make a lot of difference. For example, if you had an I/O $100,000 loan at 6.5% your monthly repayments would be approx $541. If you paid $1000 off…[Read more]

Hi Mini. Sorry to read about your situation, but as you said, you still have options (decreasing rent etc). I’m sure things will pick up for you, you sound like a glass half full type of person (as opposed to half empty). Hang in there and think positive.
All the best
Marty

Hi ya Marcell and welcome, stick around and you will learn a lot more, like the rest of us do. As far as the property market “bursting”, who knows. These so called experts are having a stab in the dark. I dont think they would have predicted 2-3 years ago that the market (especially in Syd and Bris) would have done as well as it has. Your $50,000…[Read more]

Also, Steve McKnights “FastTrack” audio cassette is good listening and will offer you some ideas.
Good luck
Marty

Hi Benson. If it is the Invesors Club run by Kevin Young, they have been around for quite a while. Went to one of their seminars once where from memory they encourage you to buy so many properties (7-10 I think) over a certain timeframe (10 yrs?) then when the properties have gained value you draw down on the equity to fund your lifestyle. Sorry…[Read more]

Great advice already given Sharon, I’d just like to add that as much as I believe in “getting out of your comfort zone” you still have to be comfortable with what you are doing. Do your research (this site is fantastic), decide what you want to do i.e which investment path you take, and go for it.
All the best
Marty

All the very best Mey. Keep your eyes and ears wide open. Hopefully this will be a fruitful new venture for you. Let us all know how it’s going every now and then and who knows, some of us may be able to thrrow some work your way. Once again, good luck to you.
Regards
Marty

Hi again mpks70. Dont write off so called bad areas. 5 years ago I purchased an I/P (my first actually) in a so called not so desirable area of Sydney. It has had the same tenants from day 1, no trouble and nearly doubled in value. Maybe I’m lucky, but if you take out appropriate insurance and get a good property manager hopefully you will have…[Read more]

Hi there mpks70. I too live in Sydney but aspire to move to Qld some day. You mentioned Cleveland and Victoria Pt. Have a look at Redland Bay (same postcode as Vic. Pt and just down the road). I believe it is really growing there and seems a bit more secluded (if that makes sense). I have an I/P there that has seen phenominal growth. Just an…[Read more]

I too saw the ACA thing. I’ve never tried a full reno job like these guys are suggesting but I feel that you have to have a “bit of a feel” for the reno scenario and I’m hopeless with things like that so I think I would get ripped off by tradesmen so it’s not for me but in saying that, there seems to be quite a few people doing reno’s and selling…[Read more]

Hi there rogue. Another thing you may want to consider is going to the seminars that R/E agents and investment companies run. These are usually free and you can bet your bottom dollar they will try and steer you the way of negative geared properties. I’m not for or against neg props. but the reason I suggest you try these seminars is to just find…[Read more]