sorry to hear your very common story. I was in a similar situation and handed it over to an agent. Does your dad know that agent fees are tax deductable? anyway I still manage a couple of properties where the tennants are a dream. You simply MUST get  landlord insurance. It isn't too late. Again this is tax deductable. Tell your tennant if he…[Read more]

Ya know jamo, I was just thinking perhaps it's time you jumped on the bandwagon and took advantage of the developments yourself. If you were to subdivide your block perhaps you could afford to move out of town a little further and buy 5 acres. 5 acres would be much better for riding the bikes and you would be further from neighbours. I love my…[Read more]

Yes I was going to suggest putting the ball in the tennants  court. They broke the bracket for the rangehood….they have to fix it. How the hell could that get broken through wear and tear in two years? They have broken the door handle so they should fix it. Get rid of the property manager. bloody hopeless.

You know there is such a thing is information overload where you are thrown so many ideas that you become too unsure to act.  I know someone who has gone to seminar after seminar , a shelf full of books and hasn't made a single investment. 4 years ago I jumped in totally ignorant and bought 2 properties in SEQ. Both have doubled in price but I…[Read more]

just a small point, none of these places are in Brisbane. they are all either Pine Rivers or as in north Lakes, Redclliffe shire.  I think Petrie will do less well than any place close to the Gateway. All those areas are predicted as growth areas. I have been considering whether to invest in Murrumba downs or try to get something (probably…[Read more]

Thanks Mint man for the comments you posted. I really can't comment much but I certainly hope the price of housing does continue to  increase. Once you are in the game, you are ok , it's just getting that initial deposit. I recall labor saying they were going to release more land and speed up the council red tape involved in developments. Of…[Read more]

Well done JL!  I like your strategy. I have been telling my boys (eldest only 15) the same thing, that to get into the prop market, you buy somewhere cheap and rent it out  hopefully CF+. If they want to live in the inner city, go rent there. Two of my nieces bought houses with huge mortgages with all the bells and whistles.They expect the same s…[Read more]

Yes thanks for the replies. As I mentioned, I have no problems with two other houses I manage. Perfect tennants. Problem there is I don't want to put the rent up cos I'm either too altruistic or a ruddy fool. As I am not officially working at the moment (aside from raising 4 boys on my own and renovating my  home) I always feel I have to justify…[Read more]

Tis an interesting thing about handshakes and I will certainly keep an eye on pictures of handshakes.(I know I know)Even as a woman it irks me when someone gives me a limp handshake. Obviously I wouldnt want my hand strangled but a firm one shows respect., and certainly looking you in the eye. some men give "the weaker sex" that limp handshake…[Read more]

Well bardon Ive no wish to continue to argue with you You seem to know what you are doing. Not simply relying on one report. m off to get the paper now and yes I am walking.  Last Sunday I went on teh weekly pilgrimabe to get the paper in Oxford St Bulimba and guess who I bumped into coming out of the church Kevin Rudd I shook his hand as well…[Read more]

bardon you said "Milly, all I can say about Residex is that their forecasts have stood the test of time and they have always got it right."I dispute that.  How do you know that? How long have you been using residex?Those top areas may well continue to grow but not at the level that is current. What I am saying is that ALL the best land in the…[Read more]

I have been lucky enough to attend a couple of seminars for free. And I won steve mcknight's masterclass pack in a competition (but i didn't do tooo much with it cos it not my investing strategy). THere ARE different strategies out there and you have to decide which is best for you. I know a guy who has spent a fortune on seminars and books and…[Read more]

I like Guan's predictions. Inala is a curious choice tho BUT I see where he is coming from. People DO want to live close to the CBD and land there is scarce. Inala, darra are only about 15k's to the city. These are cheap areas. Darra (not sure about inala) is on the trainline. I don't really like murrumbah downs, like all new estates, it's full of…[Read more]

Yes i recall once buying a report and trying to forward it off to a friend (he didnt' put in any money and would never have bought the thing anyway but I wanted to point out a couple of things). I tried everything, copy and paste….nothing would work without the password and that is in asterisk's so you don't know what it is. But you can print it…[Read more]

I wonder about the residex figures.Residex makes forecasts based on statistics from historical performance. Now most of those top performers are new estates. 10 to 15 years ago most of the top performing suburbs didn't exist, it was just vacant farm land. So when developers bought those properties 10 yrs ago and developed them, of course there…[Read more]

Hey BKYou forgot to mention the seminar is in Brisbane!I've heard some of these guys speak and it changed my life and way of investing. I highly recommend it.

I'm in a similar situation but I own the house and grannyflat that my bro and his wife want to buy into. I have looked at it from every angle and can't see how and can be a win win situation for both parties.   They can't afford to buy the place without my help but i'm an investor and when there is growth I want to be able to access my share of t…[Read more]

Yes Contrarian I have given thought to this. Unfortunetly  Centrelink doesnt look too kindly at people renting when they have a perfectly good place to live.

I guess someone could shut the gate at the tweed/ coolangatta border.  But hey  some of my houses are northside so Im smiling.

Gees I think people can spend a lot of money on seminars. The more speakers they hear (with alternative viewpoints) the more paralysed potential investors seem to become.  20k to have someone hold your hand in property investment  is extortion. 20k is a deposit! I find it interesting that many people say the highlight was meeting like minded w…[Read more]