Hi KentonIt all depends on what you target market is and what purchasers are looking for in the area.Check on realestate.com.au to see what else is selling for in your area and ring a few of the agents to see what they sold for.If the target market is not thre or looking for a 4 bedroom place there seems little sense in spending the money on the…[Read more]

Hi GD17I think you miss the point about land content, land is the only bit of property that goes up, that's why the ATO gives people a tax deduction on the building cause they depreciate over time and eventually end up worth nothing, little do they tell you that many depreciationshave to actually be paid back if you sell.Ok so why buy a unit ?…[Read more]

Hi MacnattThis may sound harsh is is not meant to be.So a few questions for youIf there is an emotional attachment is this costing you money?Either this is an IP or PPOR?, you decide and then treat it appropriately.Is it really worth transferring this one to a trust?How long are you going to continue to pay all that cash out for a property you…[Read more]

Hi Kobe
I agree with Jeff there are always people like me who are looking for money partners / JV partners to do deals with.
I guess it depends on how much experience you ahve with doing deals, ie whether you might be looking to partner with someone who has the experience you may not have or whether you are looking to do deals on your own. The…[Read more]

Ok try this for an exercise

Get off the computer, get in the car and go for a drive and do what Martin Ayles recommends ins his “turn left theory”.

Keep turning left, obeserving as you go and if you come across an agent’s sign then stop the car and ring them, if the property is sold then ask them how much for if it isn’t then devise some…[Read more]

Hey Marc
I found this post to be paricularly negative, are you thinking about Reasons for doing it or Reasons for not doing it?
I believe Lea was attempting to provide examples and in all cases people need to take responsibility for their own actions and do their own due diligence and this includes reviewing the risks involved with any investment…[Read more]

Woo Hoo
Someone finally put up the post that I should have put up ages ago, well done Lea, I wish you all the best.
Abundant thinking in Action
Go Girl!!
Warm Regards
Sue

Hi all
I agree with all the recent posts on this on how to make it all work.
One thing struck me in reading some of the posts from the people who are struggling with all this.
It is all about mindset, if you think it can be done or if you think it can’t be done you are right on both counts.
To suggest that people like Steve and others just pluck…[Read more]

I agree Celeste.
Sue

Hi Vic
I replied to your email rather than here. It is a long story.
Sue

Hi Wayne
In answer to your questions:

Steve’s third book 0-260 + properties in 7 years should now be available in most bookshops it was released on the 17th November 2006. If you are looking for his first two books it is available here under “Online Shop” as I understand it he is not marketing his latest book here but I guess that will happen…[Read more]

“All things are possible until they are proved impossible – and even the impossible may only be so, as of now.”

Pearl S. Buck
1892-1973 Novelist

Hi Mattlach

I see you may not have seen his latest book titled 0-260+ properties in 7 years. Now that’s raising the bar….lol

On a more serious note I understand as Steve says in his latest book that he now owns very little property, having split the partnership with Dave Bradley he is now starting all over.

Having siad that he did buy loads…[Read more]

Hi Nathan
I sent you an email
Sue

Ok how much work are you expecting a “bird dogger” to do? and how much are you expecting to pay for the service.
This is something I have considered doing in the past. I am not a licenced buyers agent so cannot provide that level of assurance but I’m open to suggestions.
Sue

Hi Again
sorry forgot to answer your question, I am only looking in the Adelaide Market at the moment.
I have one devel on the go and am looking for renos
Sue

Hi Bridgebuff
Yes I’m from Adelaide. If you are too, PM me if you like to do coffee sometime?
Sue

Hi waynel2

Do you want to actively manage this portfolio yourself or have a more passive role? . If you want to actively manage this yourself ( always my preferred option) then have a look at Steve’s latest book “0-260+ Properties in 7 years” as he sets out how to achieve this.

You seem to have a lot of “lazy equity” lying around in the one you…[Read more]

Hi quicksilv

You didn’t mention how old you both are. Not that it really matters but I have seen many young couples go all out to build the home of their dreams, land themselves in enormous debt and leave themselves open to the potential interest rate rises. Get this one ” PPOR are Lifestyle decisions” not investment decisions.

There really…[Read more]

Hi Meatgroup
Have you made the wrong decision? Not sure, I guess that depends on how you look at it.

Have a look at my other post on the subject of where to find positive cashflow deals, and in particular the bit at the bottom about the questions we should ask ourselves when looking to property for investment purposes.

Here’s my take:
I choose…[Read more]