we love you

http://www.vocalbureau.com

I think that you have a really good point here Captain.
So much for ‘passive investing’ – the finding of the deals and setting up of the investment is anything BUT passive!! And yes the maintenance on 130 houses would be huge!

However residential RE at the bottom end of the market is an entry level investment. As you build your portfolio you can…[Read more]

just random soundbites from this thread –

“close to impossible”

“going to dry up”

“bubble bursting”

“investors are going to be burned”

” maybe we have missed the boat”

“may be a pipe dream”

(limiting beliefs, fear, lack, inactivity, stuck, not thinking)

“think beyond this and look at other methods”

“look far and wide”

” find and review…[Read more]

Hi Robert,

>If we tried full DD before signing a conditional contract in Oz >at the moment, we wouldn’t even get the paperwork out of >the file before someone else had a contract on it.

congratulations, you’ve just identified a limiting belief

My whole family were skeptics. And my Dad is a chartered accountant!! This was only last Christmas. you are ready to start putting your money where your mouth is only when you have an answer to every ‘what if’ anyone throws at you, and you can totally explain the numbers to anyone – that’s when you know what you’re doing.

Rushing in to something…[Read more]

I just bought a fibro house, that didn’t look like it – it looks like that wide weather board that a lot of new units are built of these days. When i found out I thought ‘EEK!!” and asked the lawyer and the builder’s report guy should i be concerned.
‘it’s only a concern if you want to reclad the house’. ‘Will I want to reclad the house in the…[Read more]

Fresh from a seminar, I asked my accountant (who also lucklily is a rental property investor himself) about it – he says once you get to the point where the trust/company stucture is going to save you more than the cost of setting up and maintaining them, then it’s worth it.
i.e. when it’s cashflow positive!!

Of course for the asset protection…[Read more]

Hi there,

I agree that if you can turn an ugly duckling into a swan you can make money. And that you can get the ducklings for a song if they don’t appeal to the market – i.e. if the first homeowners aren’t biting then there’s 92 of the competition knocked out!!!

Are my places ugly ducklings? I don’t know. Maybe not.
Possibly just ordinary.…[Read more]

hey christian
drop me your email and I’ll answer you privately

cheers-
Mini

http://www.vocalbureau.com

Hi Richmond,

“I was talking to an agent today that had some good deals that he approached me with cos he knows I’m not a tyre kicker.”

!!!!!!!! we need to talk!!

hey I’m coming down to melbourne for a couple of days, you wanna have coffee???

cheers-
Mini

http://www.vocalbureau.com

Hi all,

>If I read you right, you’ll give them a 4-5% deposit when >contracts are exchanged after doing your due dilligence, you >may borrow the 80% from a lender and you may have the >other 15% cash or invested ready to pay at settlement.
>Is that a plausible senario

Hi there, the actual time-frame is 1) contracts are exchanged and signed for…[Read more]

yeh, re renos, if you want the bargain properties, they are often the yuckiest ones. Once I leverage my way up the food chain to buy ones that are totally good to go as is, I might leverage my time that way and stop doing renos, but as i am just starting out, I can maximise my $$$ better if I buy a place for cheap and fix it up rather than buy one…[Read more]

good on you Kristine.

http://www.vocalbureau.com

good on you Kristine.

http://www.vocalbureau.com

good on you Kristine.

http://www.vocalbureau.com

I think this one is the best

http://www.dolfderoos.com/html/software.htm

I think this is the second best

https://secure1.maxnet.co.nz/richmastery/webshop/category.aspx?category=Software&webCatalogID=8&CC=AU

or look under ‘software’ at richmastery.com.au

I think PIA is the third best
That is of the ones I’ve seen or tried.

I want I want I…[Read more]

“I think it was Michael & Kaye who said the internet was like a colt .45 – it makes everyone equal, ”

huh??? since when *weren’t* we all equal?
Can you explain that statement?

PS Richmond, next time you find a property around the 50K mark that you don’t want, which is both +ve cashflow and in a really hot area poised for mucho capital gain, can…[Read more]

I set a figure between 4 and 5 percent, and – as I do when making an offer -I deliberately don’t make it a rounded thousand.

it was my lawyer’s idea – hehe – so that I would appear to be this sophisticated property investor who has arrived at her figure after performing some extremely professional and tricky calculations – really, to appear as…[Read more]

Houses will never be this cheap again – get in the game now rather than waiting for them to go up some more!
I could be wrong though…then again if you’re waiting for house prices to go down AKA ‘the bubble to burst’ – then good luck, see you back here then, which is maybe never…..

One of my fave sayings is ‘keep up, or be left behind.’ How…[Read more]

Hi all
Kurek Ashley, there is a free DVD of him with this month’s KPI magazine. Re Dolf de Roos, I paid $500 for a ten CD recording of one of his love seminars. Really good, and second best thing to going to it live.

He’s more about buying ‘property with a twist’ than just on the numbers. He’s pretty good, got lots of great ideas, creative ways…[Read more]