Its always good to ask basic questions like have you ever been there yourself?
Do you know the supplier?

These may sound like silly questions but on many occasions you will find the answer to the above to be no.

Maybe you should consider buying an investment property rather than one to live in. Consider the advantages, it means you can often afford to rent in a better location than you could buy.
Also when buying an investment property they will also count 80% of the rent into the calculations on how much you can borrow. Therefore you should be able to…[Read more]

Another is to get directly involved in a development project. If you are working with the right people there can be a lot of advantages. However it is always important to do your due diligence carefully

Hi Michelle
I believe that with any deal you do you should always measure twice cut once, in other words move carefully. What's worse than what you are doing, be like most investors and buy the first piece of crap that's put to you. Because many investors do little or no due diligence. One bad investment may mean your first investment may be your…[Read more]

HI Joe

At this stage I am looking at Melbourne, Sydney, Brisbane and Adelaide

It is about finding the right people to be involved

I think the important thing to do is get started
I admit I run a mentoring program however it a sideline to what I actually do

Many of these so called experts are salesman, you pay them a fee and they try and sell you a property. Now I know I am being a little unfair. What I am planning on doing is establishing a property club in most major…[Read more]

As I said in my view if you are going to invest and you are making a loss then the property must supply you with enough capital growth to justify the loss.  To do this don't listen to spruikers at seminars or salesman but do your due diligence carefully.

In any of these deals the commission can be as high as 8%. Now developers only pay that commission if they cannot sell the product. Often the commissions are also added to the price of the property

You could buy an apartment complex. If you buy commercial property you will have your $300,000 and can then use that as a deposit to borrow around 60% of the value of the property. In other words you can buy a property around $800,000

If I was starting from  scratch today I would rent and buy investment properties because you can normally live in a better suburb that you could afford to buy in and also buy investment properties of higher value because the banks will take the 80% of the rent into the calculation on how much you can borrow.

Hopefully if you buy in a good inner…[Read more]

If you want to choose a mentor make sure that you know who you are working with. Not join a group then be assigned to a salesman. Believe me that happens a lot. 

Work with someone who will design a program just for you and someone who is not after a sale but is there to work with you in the long term.

My feeling is it depends on how much you want to get ahead. You basically have two choices stay where you are until your position improves or secondly sell your house rent and reinvest the money that you have in either a development project or buy a property in a high growth area.

If you are looking to do a course look at what the material is
Firstly the aim of many courses is to sell you property. Remember if a course is free the people you are doing with is a business and does need to make money.

I have no problem with this however if you are advice to buy a house and land package in an outer area keep in mind that they…[Read more]

Basically you need to decide on what your strategy is going to be. Then you need to look at the area in which you are going to invest and learn it like the back of your hand. Its called due diligence which is some many investors don't do a lot of. 

The problem with a lot of courses and mentoring programs is that they are generic they are more…[Read more]

Accounts will charge you an hourly rate the more experienced the more you pay

More and more financial advisors are also charging a set set. However at least you know you are getting unbiased advice. If its free they are often making large amounts of commission from you.

The problem with aged accommodation is that like student accommodation it is a very limited market. Yes they return more than the average however if you are still losing money on the investment and theres no growth what the point.

In my view unless you are getting great returns which seems to mainly happen in the mining areas capital growth…[Read more]

Kylemrice

Some investments are far more risky than others

It is how good your partners that will improve the odds. If you are dealing with an idiot or a crook or a combination of both which accounts for a large number you may well lose money.

This is a risky strategy and before you even considered it would depend on the quality of the people you were working with on the group

I also agree with shahin

Stay away from serviced apartments and hotel suits you will get no capital growth. As a rule of thumb stay with around 10km of a city center. This rule will vary a little with cities like Melbourne and Sydney but a definite with say Brisbane 

<moderator: delete advertising>  what Derek is saying is correct I think there will definitely be an over supply in the city itself. Stay away from high rise projects as well.

I also like inner city Brisbane I think that market is under valued by at least 10% so there are opportunities there. I am also looking for projects in inner city Brisbane…[Read more]