Most of these groups are just trying to sell you something. There are exceptions. The results guys are good. I also run mentoring. Many of my clients are interstate so most communication is by phone or online. Generally the larger the organization either the bigger the sell or the more you will pay. If its a structured mentoring program how much…[Read more]

It depends on what you are looking for. I believe that mentoring should be designed to suit your needs. What I do is work out what the student wants to achieve. Before you do anything it is important to work out your motivations. It is important to work with someone who will challenge your thinking and also that they are not trying to sell you a…[Read more]

Most companies sell house and land because generally the commissions start at about $30,000 so that the basis of the offering not whether its a good investment or not. Generally I do not think house and land is the best investment

I am involved in development projects. I find that if you can make money or invest at wholesale you are ahead of most investors

It is important to look at population movements. As an example today many people do not get married and many people do not have kids. Therefore those people and many retirees will live in inner city areas of our major cities. I think that there is a danger that if you buy property in far out areas there is likely to be little capital growth. As an…[Read more]

I think the first thing you need to do is work out what are your short, medium and long term views. It is also important that a mentoring program is designed around you. Not for a large audience. I always find that everyone is an individual and everyone has there own wants. However I often find that people do not really know. For instance people…[Read more]

The secret is to buy as close to the city as possible. There are also ways of making a high return or buying a property at cost by directly investing in a development project.

Finance is not available to foreign investors at least not from a bank
However if you are involved in Commercial finance you can borrow up to 60% at very good rate. The reason is that banks see small to large apartment complexes or shopping strips as a much safer bet than a single house. Some of the deals I have been involved with are returning 17% net

Do not buy student apartments. They are small hard to finance and will only ever sell to investors. In fact in most cases you are still losing money and there will be no capital growth. If you want to develop a market for students. I suggest you buy as house and rent it out by the room

You need to make sure that you are not overpaying for the property. At the end of the day the builder can put any rent on the property that they like. The issue is what will the property be worth in 2 or 3 years time. Do you due diligence very carefully

Perhaps look to a mentor that can help you to look at things you may not have heard about before. My experience is that most people believe that they they no more than they do especially when it comes to Property. It is important that you learn how to do due diligence. Once you are fully educated you will be in a stronger position to make your own…[Read more]

You can just open an account. I have an account at Chase. However if you are going to set up an LLC and you want to put it in the name then you should speak to an account. <moderator: delete advertising>  I dont like Vegas, personally I deal in Texas and Florida and like commercial property rather than straight residential

Have you considered investing directly in a development project. I try to create opportunities that benefit everyone involved. The problem is that most people pay full retail and if the market is flat it will take a while for capital growth to kick. There for if you develop property it is the most effective way of making money or buying property…[Read more]

titanic

You have to make your money work for you buying serviced apartments will not help you. In fact if you are losing money  on property unless there is strong capital growth you are wasting your money.
If you only spend $400,000 and one grows at 5% and the other grows at 10% and you are keeping the property for 20 years the difference between the 2 is…[Read more]

I would also suggest a new agent. The problem is that the agent whether they mean to or not will also have a negative attitude about your property. I am not knocking the agent its just human nature. A new agent will take a fresh approach and will also have a more positive attitude. When I was an agent it was always interesting that even when a…[Read more]

If you are aiming at buying properties for students consider a house that you can rent by the room. However do not buy student accommodation. They are generally to small and will only be sold to investors. Therefore you will have no capital growth. Keep in mind as well that most wealthy Asian students tend to rent normal apartments not tiny ones…[Read more]

There is nothing wrong with negative gearing however the deal has to stand on its own negative gearing should just be a side benefit. However if you are losing money on a property it is important that you make up for it with capital growth. The problem is that many so called experts tell you to buy house and land where there is little or no…[Read more]

We will be running seminars very shortly as we are involving clients directly in development projects in Australia. I am also buying commercial properties in the United States. Both require a great deal of due diligence. Most people who lose money in this area do so because they do not do research. Remember no matter what anyone says at the end of…[Read more]

It is not the number of properties that you buy that is important but rather the quality of what you buy. For instance in Australia it is important to buy properties for capital growth. If you buy a $400,000 property and one is increasing by 5% and the other by 10% and all you are intending to do is keep the property for 20 years the difference…[Read more]