Hi Peachy

Also keep in mind that the market has been flat for the last few years and I think that you will see growth in the next few years.
Toowoomba is not a bad area and should recover. Personally you should look to the main cities. Certainly if you are looking for growth I would suggest inner city Brisbane would be worth looking at. I feel it…[Read more]

Hi Peachy

We all make mistakes and all represent who we become by those mistakes. The thing that is important is we learn from them. I remember years ago when I went into business in a real estate firm I sold 3 properties I own in a very up market area. Now I have brought and sold many many properties since but if I dwelled on the properties I…[Read more]

Frankly  you should look and inspect all properties that are available in your area. It will not take long to work out the values

The other thing you could do is pay to get a sworn valuation that should at least give you a guide to your price

Stamp duty is different in every state, for instance the stamp duty on established property is the most expensive in Australia. However if you buy an off the plan property the stamp duty is only based on the land value, so it is possible to buy a $500,000 property and only pay a few thousand in stamp duty. Now if you buy the same property anywhere…[Read more]

They make there money with people spending up to $25000 on her mentoring courses. So if you want to be in room with 1000s of people enjoy

I agree site down with a good broker because frankly if you have $150,000 saved and are saving $10,000 a month you are clearly on a good salary. So what you should be doing is buying property with strong capital growth. My feeling is you could buy in a better area than Newcastle.

You also need to consider what sort of strategy you want to do. For…[Read more]

This is a tricky one. Because you do not own anything else you should be ok. However the tax department also look at intent. So if you renovate and sell straight away they may deem that you did this as a commercial venture, so it may pay for you to move into it at least for a short period. However will all things like this you should seek…[Read more]

My understanding is it is the contract price or valuation whichever is the lower. In Australia even if the valuation comes in higher than the contract price they will only lend against the lower amount. Unlike New Zealand where the bank will lend on valuation

Well Done

It goes to my feelings for sometime that Brisbane values will jump over the next 12 months. My only issue is that we don't now get an over supply of property in the market. However I believe there is a lot of pent up demand.

I will check this out but my understanding is that a pool must be fenced in Victoria especially in Victoria

Now what you need to do is contact your solicitor and get he or she to handle things from here. That way everything is documented from this point on. If it ends in court then you have a record by your solicitor. Otherwise its just I said…[Read more]

The market is full of these marketing companies

Personally if there are no names on the site run fast

Why are people who run these sites not prepared to disclose who they are. What do they have to hide?

Maybe take a look at commercial properties in the United States. As the economy picks up we will see strong growth in quality assets. Now if we look at funding today it is easy to get at least 60% funding on these properties through commercial banks. So this means that you can leverage quality investments that will provide cash flow and capital…[Read more]

There are more and more banks prepared to lend money in the United States especially  for Commercial property at rates of around 5%.

I agree stay away from hard money lender good finance is becoming more widely available

Serviced apartments are generally treated as commercial so you need a larger deposit. They will often have a higher cash flow but little in the way of capital growth. Personally I think they are a poor investment

Many of the marketing companies are just selling property and in many cases they are receiving commissions of at least $30,000 per deal. I think most of these companies look at the commission before thy look at the quality of what they are selling.

The principle of NRAS is good but many of the properties tend to be in outer areas and generally…[Read more]

If the agent receives instructions from the vendor they can do what they like. When I was an agent I found that if an offer came in and the vendor told us to sell, it was hard. If a purchaser bid at an auction it was clean if they missed out in this type of process they were nearly always upset.

The vendor can set any conditions if the agent says…[Read more]

Steve
I could not agree with you more I also have a business on the ground in Florida. I also have extensive knowledge on the Texas market. However since there is choice about where you buy why would you spend your money in a second rate market like Detroit.

Also the question I have made to Joshua since he says Detroit is a good place to buy does…[Read more]

Of course groups out of the Gold Coast are part of the white shoe Brigade. I would not buy house and land packages in this market. There are much better investments available. I would look at investments near Brisbane.  The market is full of investment companies most of which do not have the investors interests at heart.

The only comment I want to make here is that you can make a lot of money using these strategies however you also have to know what you are doing. Richard and I both have grey hairs and have been doing this stiff for a long time. However you really do need to know the deal back to front before moving forward.

We look at development sites and it…[Read more]

Hi Joshua

I hear what you are saying however I do not agree with you. Why take a risk in a bad market when you do not have to.

Now I am not claiming to know everything, however where are you based and do you have offices on the ground in Detroit.