I agree with elves and terry! However, i have rather cheap properties and I have heard that the banks may want me to CC them.

if that’s my only option then I will, but not if i can help it. however like you my chosen strategy is “Buy and Hold” .

“why it is not a good idea to Cross collateralise.”

If something happens, heaven forbid, the bank…[Read more]

“What will happen if the property stay vacant for month after month? I think this’s also the downside. New investors might just jump in to buy regional properties without doing complete due diligence ”

Indeed, I keep forgetting that although I am all for investing in smaller towns as they offer spectacular yields, low entry prices, you need to…[Read more]

hi there,

“Return per week is depend on how much you borrow or how much deposit you put in the first place.”

Yes, exactly. It’s all relative to that. $50 a week might be about right for an 80 percent loan on a 50k property renting for 130 per week. yielding 13 and a bit percent. i think that’s the kind of numbers Steve was doing back then that…[Read more]

hi melbear,

“I’m more than happy though, as my equity has quadrupled in the last two/three years.”

yeah. well I think if there’s a time to neg gear, it’s in a boom. I am glad I am going to be in time for the next Aussie boom, though!

so sorry I didn’t make it today. I hung out with my family, who I have only seen 2 days in the last 27, which was fabulous.!!

I hope everyone got to hang out and had lots of fun, got some free coffees, seminars, magazines, DVDs, entered a lot of competitions, and signed up for way too many mailing lists (if my experience last year is anything to…[Read more]

Is Southbank the bit by the arts centre in melbourne, like by that bridge over the yarra near flinders stn?
the whole strip that goes down to the casino?
i like that area. Really, is it only 199 for an apartment there? That seems so cheap. but then again I am looking with Sydney-inured eyes.

hi purple, yah the key word was ‘become’! it certainly is major major work finding a deal. but once they are happily tenanted and managed it’s so cool!!

thanks a lot for sharing this, wish I had prop’s there myself.

it’s a wrapping site. joint venture.

http://www.positivecashflow.com.au/extra/InvestorPresentationEmail.htm

richmond, yeah there would be, because the number of people renting is growing each year.

yay elves, and the great thing is that properties become like a second income, except without the overtime!

“Decent bargain.”

Kay – what makes it a bargain? Is it because it is cheaper than others for more value? Is it the potential for growth there, or is it the potential for income, and if so how much of either (or both) do you expect, to come up with your opinion that it’s a ‘bargain’? It sounds as though you know the area?

cheers-
Mini

every four months so far. but I will speed up/catch up a bit this year by starting to gear my portfolio.

pisces,
>
> “Domino theory ? Or should that be called the ‘Sheep follow the leader theory’ > ?
>
> “Buy a +ve cashflow property, write about it by saying what a wonderful buy it
> was, others will follow suit and in the process drive up the prices as more and more start looking in that area.”

Are you insinuating that +ve gearers are just tricky…[Read more]

*turns him upside down and shakes him vigourously to try and help the domino, which has become stuck, come out*

how about this for a domino. You have 5 properties, ‘offset geared’ or whatever. You have a problem with one of them, which could be that you can’t get a tenant, or there is a maintenance issue, and for one reason or another, you need a quick sale. Trouble is, if you sell, even if you come out Ok with the price at fire-sale prices, there is…[Read more]

hang on! i think that’s OK…I think that’s a good tip…can you tell us where?

“touch typing and i mean typing really fast and being able to talk on the phone or have a convesation at the same time yet abe able to type away… is the number one skill of all…”

If that were all it took, Secretaries would have the power…

many more things interesting to respond to in this thread, I’ll be back, have some ‘property deals’ to…[Read more]

Kay!!!

“What do you love more? Property? Or this person?? ”

My Love of Life is priceless.

I guess, the properties and my other streams of income are just streams of ‘portable energy’ which can be converted to experiences which give you the ‘intangible’s’ of life, such as happy times, incredible experiences, harmonious surroundings, creative…[Read more]

“But Kay, the story would be short, because so much of it revolves around “secrets”.

Richmond, you crack me up!!!
SIS, I know you feel like we ‘get at you’ with doubt, but why shouldn’t we?

Others with spectacular results (steve, brenda irwin, etc) have been happy to share their stories. You KIND of do, but always short-circuit with…[Read more]