Hi Khalida,

There are numerous ways to aquire properties which can become cashlow positive. With the market the way it is at present it is very difficult, with rare exceptions, to find properties that are CF+ to start with. As Steve McKnight states in his books that these properties are “created” by adding value in some way or by…[Read more]

Hi ArkyC

I know the feeling well, about having to upsize. After the fourth of two children that I was going to have we had to renovate and enlarge our house.

You may need to consult a trusted advisor to go through the numbers with you but if I am correct in assuming that if you owe $105K with a $50K redraw (initial loan $200K), at 80% loan the…[Read more]

Hi,

Your comments have been interesting reading because I received an offer to invest in Tok 2 days ago but was a bit concerned based on the demographics. The following is a section from the Council of Tok Census.

Population

At the 2001 Census of Population and Dwellings:

* The census usually resident population count for Tokoroa Central1 was…[Read more]

Hi Maria,

When a trust is set up it is a separate entity and as such when a property in your name is transferred to a trust this constitutes a transaction which attracts stamp duty, so if at all possible purchase through the trust initially.

Best wishes

pr

Hi Bonnie,

May I ask why you are selling a CF+ property?

I’m always interested in looking at properties either for myslef or for my network of friends looking for investments.

roesslerp@optusnet.com.au

Cheers

pr

Hi Shawn

I’m a joint venture partner in a commercial property in Vic that was leased to a very large international pharmaceutical company. The plan was to develop the site once their lease expired. When they left we discovered that the site was contaminated and we are now in the process of legal action. This has delayed our development by almost…[Read more]

Hi demayn

I can refer you to a company that has competetive rates and no fees.

Contact me at roesslerp@optusnet.com.au for further details.

Regards

pr

Thanks crj for your clear explanation of torrens and strata titles. I now understand.

Also, thanks moolah and surreyhughes for the benefit of your experiences as well as practical advice. Moolah I get the impression that you’re not too impressed with strata titles [biggrin].

But your points about control are most helpful thank you.

pr

Hi Nathan,

I don’t think that there is a lot that is truly passive although I do have commercial properties, shares and business. All of them take are active income to start with and each has its own advantages and disadvantages. Our business provides us with passive and ongoing residual income which we can then put into shares and…[Read more]

Hi Angel,

What a great attitude and outlook you have. Compassion and empathy are great qualities, and Steve is a good role model exhibiting these qualities most successfully in property investing.

I am new here too but have some experience in commercial property, business and the stock market. It is often times like these that make or break you.…[Read more]

Hi Damian,

If your friends are paying $450 pw rent it is no wonder they are having difficulty saving the deposit [grad]

By the way what sort of property are they looking to purchase in Sydneys west? I didn’t think that there was anything available for 250-300K anywhere in Sydney.

Cheers

pr

Sorry for the delay in getting back – just had to recover from a beating [evo], but it’s important to jump straight back on the horse.

Thanks very much PT, emc, kay and Bob for your kind support and words of encouragement as well as for your ideas and advice. I really appreciate that and look forward to more participation on here. I am in the…[Read more]

Thank you Dazzling for your input, it’s always enlightening to hear contrary views.
Your assumptions about my emotions are not correct, however, I am new and willing to learn, so I accept your comments.

Being new I don’t have experience to share yet, but as soon as I have anything worthwhile to share I will do so. Shall I write to you first? [biggrin]

Thanks Tiger
For reminding me that now is the time for action. No matter how good the feeling, there is no result without action and I appreciate your thoughts.