Hi Bridgebuff
Thanks for the support, I really have come to these conclusions from my past experiences with the “property floggers” ie the Qld developers that have received such bad press in the past and having had a negatively geared property that did not realise the initial potential touted. Along with the learnings I have gained whilst…[Read more]

Hi Markerman

What page are you referring to specifically? That might help me understand the point you are trying to clarify.

In the RESULTS program, Steve talks about using the figure 5% for calculating the purchase costs, ie stamp duty etc. He also seems to base some of his calculations on 8% interest, depending on the strategy you are trying…[Read more]

Hi All
Well I have done a number of real estate courses, and read numerous books as well as listened to countless Cd’s.
I have been to Steves’ Masterclasses and a number of other seminars he has on offer as part of the R.E.S.U.L.T.S. program, which has also been a life changing experience. All Steve’s, information is truly awe inspiring stuff and…[Read more]

Hi All
I believe you will find from what Steve is saying is that 10.4% is the figure that will give you the returns without taking cash out of your pocket.

There is more to building wealth through property than relying on either the 11.sec solution that gives us the 10.4% return or for that matter relying on “the unknown” Capital Growth.

I also…[Read more]

But we are hardly talking here about “minor structural issues” where sewerage is concerned, I supect council would be
“most interested” to see the job done properly. I for one am not about to compromise my integrity for such an issue.

Sue

Hi Bridgebuffdoes Minor development include sewerage works etc, this is where I was coming from in terms of my comment re structural?
Sue

I agree Dom the property you suggested sounds like a much better deal
Sue

I agree Dom, good point
Sue

I’m not sure I would class adding and ensuite as not requiring council approval. Particularly if it is to be connected to Council services such as stormwater and sewerage.

Sue

Hi Smiley 71

I wish you luck with your IP. I am concerned that you have said “hopefully” a few times and wonder if you have any more substantial evidence to support your “hopes” for growth and rental income.

Good luck
Sue

Good point. Bootlace
Sue

Hi Again
As for the issue of Asbestos, it depends on how acceptable this material is in the area you are proposing to invest in. It could definitely make it more expensive to repair things like windows etc as it needs to be treated with the proper care, suits etc, and you may find it difficult to get tradesmen to work with it.
Can I ask what area…[Read more]

Hello again Smiley71
After reading the post I suggested above. can i ask you one other question. Why would you rent this place out rather than sell it for a profit.
I’m just off to run the numbers you suggested and see if there is a workable solution for this
Warm Regards
Sue

Hi Smilie 71
I’m am seriously worried about your approach.
Are you looking to build wealth or save tax?
Are you looking for “growth or income”?
The comments I made on the post below ( cut and past the following link into your browser address bar) https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=26173
apply to your circumstances…[Read more]

Hi Pete
Seems these guys are right on the money from what I read and actually understand of this.

Hey you could also chat to Jan D on the RESULTS forum if she has dropped off the RP 1 program and you want to contact her let me know I have her contact details.
Warm Regards
Sue

Hi Jay Dee
Seems to me that you both need to agree on what it is you are trying to achieve by your property investing strategies.
ie are you looking for “growth” or “income”?.

By growth I don’t mean capital growth I mean by adding value to properties and moving onto the next deal by selling.

Have a look at Steve’s comments on Negative Gearing on…[Read more]

Hi
What is the main issue here? the fact that you want out or the fact that they are indecisive? Answering these questions should make the way forward for you a bit clearer.
Either you let them get on with it or you terminate the contract. If it is your wrap and my understanding of wraps is limited then surely you control the situation?
Warm Regards
Sue

Hi Again
I forgot to add there are a vast number of investors out there that would never need to buy via the net. These are the ones that do the legwork and build relationships with agents so that properties are passed to them BEFORE hitting the mainstream market.
A point on Cap Growth, with Steve’s strategies the Cap growth is a bonus that we do…[Read more]

Hi all
I’m not sure I agree with Marc’s definition. The positive cashflow properties I end up with are +ve without depreciation if that’s what you are talking about.
With Steve’s 11 sec solution the return is 10.4% or better if the property meets the formula.
If you are trying to buy +ve cashflow then I believe you are going to struggle in this…[Read more]

Hi Dee Dee
Mine is going fine, I demolished a house in Adelaide a couple of months back and am awaiting the Building and council approvals for my two dwellings along with the final stage of the Land division. No building is likely to start much before the end of Jan, given the Christmas shut down.

I’m currently in the market for a “cosmetic”…[Read more]