Hi Yossarian,

It's for that exact purpose, that one would seek a valuation…….to revisit at any future time and use as a benchmark for that future valuation. That same credit provider will be providing future funds for use as an equity deposit on say another purchase (same or different bank) or for funds to do a reno or whatever.

I did not imply there was  any conspiracy, however there is nothing transparent about the bank verbally saying yep valuation is at contract price and you have nothing written in your hand to compare to at any future point in time, when there has been a change of lending mnager.

What L.A. Aussie says is so true. Mindset is where it's at. Always re-frame negative dis-empowering thoughts into questions. That gives the ability to seek an answer(s) and move forward. Focus on solutions not problems or circumstances.

Marc, on that theme of thinking big. There is a great book "The MAGIC Of THINKING BIG " by David Schwartz. If you haven't read it, I highly recommend it.

In the words of Disraeli….."Life is too short to be little."

Hi Julie10,

welcome to the forum.

I'll answer first up with another question.

How long is a piece of string?

More info needed. Where are you thinking as far as suburbs locations and at what values do you define cheap v's expensive?

Great question however for a first post, just need more info for the members here to help with your question

Real Estate Opportunities (…..or Overkill)

Yields are stronger in Morwell and properties are much more affordable than Traralgon. You can still pick up houses within 1 km of town centre and train for low 100 K's returning around 6 %. Usually largish blocks that may have sub-division/development potential for the future.

As units4me states Traralogon is the pick of the Latrobe Valley towns, much prettier town and larger population base. New urea plant in the pipeline creating more jobs also. Having said that, even if your tenant in Morwell is lower socio-economic demographic, they can still afford the rent. It's all about numbers. I feel Traralgon has flown and better value to be found in Morwell, which has similar prices to Moe, however stronger yield. Plenty of shops for lease also in Moe. The commercial district  in Moe is not as busy as Morwell.

As for Morwell being the next Ballarat. I doubt it. Although the Moe/Morwell/Traralgon towns have availability of jobs, the amenity to Melbourne is not there. Pakenham bypass is great new infrastructure, however there are more jobs closer to Ballarat than to the Latrobe Valley.

Ballarat is commutable to Melbourne and especially to the Wetsern suburbs and plenty of industrial work opportunities.

Hi Landguru,

property options are quite a specific strategy and as Matt007 has alluded to they take time and effort. Have a read of the following link also.

https://www.propertyinvesting.com/forums/property-investing/creative-investing/4324169?

With regards the stuff Carly teaches, I have gone thru her home study and the content is outstanding. There are so many strategies discussed with repsect developing (and property options is only one of them……..and lucrative at that, if you get it right).

I'm attending her three day seminar later in the year also. I have had excellent follow up email support with her organisation and if you have any questions with the syllabus or with your own projects, they are only too pleased to help.

Carly Crutchfield is a breath of fresh air and an inspiration to have achieved so much at age 27. There is no veneer or facade to her. She walks her talk.

In this market volatility unless it is on stocks/shares you already own………I personally wouldn't bother. All you need is for some bad news to come out of Wall Street and our market will haemorrhage at next open. Stocks gap down by 5-10 % thereby wiping out your premium received.

There are better times to be doing this and current volatility does not bode well for such a strategy especially if ,as suggested by tam32, the funds used are off a LOC or similar at circa 9 % .

For me my property radar is on for more opoortunities in the 6-12 months and in the meanwhile cash is king. My term deposit rates are nearly 1 % higher than the highest of my fixed rate IP loans.

Yep.

Injecting more "spendable cash" into the hands of the sheeple will make Harvey Norman and other vendors of instant gratification very happy. 

Maxxi,

Don't attack the person.

Be critical only of their opinion…….after all this is a forum. I don't agree with the claims made either, nor the "sky is falling down" tone of Scamp's posts, however he is entitled to his opinion.

To attack the person by using words like absolute idiot and fool, does not in any way add to your credibility either.

Hi D,

you make some good points. I don't believe the market has bottomed. That may occur in another 6-12 months. BIS Shrapnel are amongst the more pessimistic of the forecasters and they are tipping a further 0.5 % rate rise this year and maybe in one hit around Sept.

I seek my information from books, online sources, networking and attending seminars. I have to admit that I have learnt from both Michael Yardney and his events and from John Fitzgerald (I assume that is who you mean by 2. Fitzgerald), amongst others.

Many of these companies do offer guarantees in some form such as rent guarantees if your product is not finished within contract timeline. I know for a fact that John Fitzgerald actually coughed up and finished numerous properties for his clients when a builder went belly-up a few years ago and then got re-imbursed by insurance later. He didn't have to go to such lengths, however property is a relationship business and you need to keep the customers happy. I know him personally and he is definitely not like Henry Kaye.

Having said that any company guarantee is only as good as the $ 2.00 entity behind which it hides. Times are getting tough to move stock and so I think we will see plenty more advertising to move stale/stagnant stock or projects under completion with few buyers. There should be more opportunity over the next 18 months to be picky and choosy about what we invest in…eyes wide open……….and,   Caveat Emptor.