techhowse,

let me say that someone of your age who is thinking about property investment, SHOULD NOT BE DISCOURAGED. A big well-done!!!! (I’ve already started talking to my kids about it and theyre only 4 and 5!!)

i think though you need to understand that initially most (and I say most) get into property investment as a part-time or side-line…[Read more]

how you organise your paperwork is a matter of personal preference. i know some people that take hours if not days to find important documents! personally i have a filing cabinet with suspension files relating to each of my ip’s which are then divided by manila folders for say purchase doc’s, tenancy doc’s, utilities etc.etc. the key to it is…[Read more]

hi radek

if you can pick up a bargain because of others stigma with the area, then that must be your gain!! do pick in areas that perhaps are not in the middle of the `problem areas’ and then you should do well.

eric

good old nrma now offer landlords insurance. ive always found the nrma to be H E L P ful….

hi veronica,

i own a property in queenstown, tasmania (another mining town). while the returns are ok, you will find that cg will be static or at best very low given the huge reliance on the one industry. sometimes the only employer in the town. when the resouces boom of current starts to go off the boil you will start to see vacancy rates start…[Read more]

perfectly clear analysis esshole. thanks.

shelley

seems like you have some good responses to your question/s. may i add my 2c worth (or $100k worth as the case may be [smartass]!!!)

if it were my parent/s, with the state of the market as it is (buyers), i’d be suggesting that maybe consolidate bad debts (cc’s, store purchase, loans etc.) by refinancing the ppor. ive personally been in…[Read more]

ajay

great to see that someone as young as yourself taking the big step into property. well done. however while your questions are perfectly valid, I dont think you will get the kind of information you need to make a valid decision. as you can see from the various forum subjects, there is varying degrees of opinion as to the state of the market.…[Read more]

absolutely…..right anubis!!!!! its a fact that the catholic church is run like a business. the mafioso that run the church certainly have their fingers in all the pizzas….opps i mean pies.

id have to agree with woodsman. reading books is one thing but im not sure if anyone here will be able to tell you with any degree of accuracy where to start without knowing your own situation. ive always found that a mortgage broker is the best one to speak to first about your investment plans.

ive read that same article by John Edwards, and cant help but be totally confused with all the messages that abound. some say flat or very low growth others like Edwards suggest that, `…the slump was drawing to a close and house prices would be on the move again this year.’ i thought we were just entering the slump?????? anyway if you look in…[Read more]

simple advice: LANDLORDS INSURANCE!

welcome to the forum solomon. if the challenge is to answer your brief question, its like this.

you need to start small. if you haven’t yet secured a principal place of residence (ppor) then do that first. the idea is to build as much equity that property first. then and only then are you really able to start talking about investment properties.…[Read more]

dazzling i hear you now. thanks. ofcourse all these things that you mention are things that can happen anyway, anytime. i do happen to be in contact with a very good local tradesperson in the town. and yes i definitely agree with having a buffer in the event of a problem, which i already have. thanks dazzling for your input. and i like your…[Read more]

i dont necessarily believe that any question is necessarily stupid as such. however you ask some very broad non-specific questions which i think can be answered very competantly from a book. There are some fantastic ones out there. Ive just finished reading one by Jan Somers and found it very easy to read. You can make a passive income from…[Read more]

i definitely like your idea skippygirl, and infact done this prior to reading your post. thanks anyway.

to Dazzling, im not sure exactly what you mean by extra costs? what extra costs? if anything it will be cheaper wouldnt it?

thanks to all who replied. much appreciated..

Eric

hi Cathnniv

im not sure who you are talking to about your finance, but i suggest that you find yourself a competant and keen broker and detail to he/she what your plans are. i did this a few years ago and to this day still deal with the same broker who somehow manages to find a way of making things work to our advantage. the problem however…[Read more]

im with jo on this one. what the hell is wrong with buying and holding??????? youre such a pessimist foundation !!! and you needn’t be some smart arse by harping on about economics 101. again what the hell has this got to do with the current forum subject???? get a grip foundation. everyone is entitled to their opinion

stay away from caravan parks. look harder and dont put all your faith in the 11 second rule. its only guide.

phil

great post. i live my life in part by the two rules you suggest. cut bad debt (whats a credit card????[confused2] and save like mad. friends and family come to me and ask how ive been so succesful in getting to where i am today like its some miracle [!] i usually tell them that its very simple to do what i am doing. get rid of your credit…[Read more]