Forum Replies Created
Hi Steve
Thanks for the welcome. You certainly are “the news of the hour” at the moment and you are causing quite a stir. Well done, I appreciate your no-hype quiet approach. It is very refreshing.
I was lucky to be watching “This Day Tonight” this week when I caught your 5 minutes of fame on TV. I bought your book today – the last on the shelf and found your exciting website on the backcover. I say exciting because I have been reading the various Topic inputs on this Forum and the unbridled enthusiasm has kept me up past midnight.
The enthusiasm is catching, to the point where I have included 6 of my friends names and e-address for you to send an email. Congratulations Steve on your accomplishments and thanks for you book and website, I look forward to reading through both on the weekend. Have fun at your book launch, I expect that it will be a huge hit.
Stay well… Trevor. [
]thanks joff,
they are some great points to keep in mind, ive decided to just get out there and start seriously looking, the longer i read and procrastinate, the more i just keep changing my mind, so ive decided just to go look hard at properties in my price range until i find something that is right for me. like you say if the numbers add up, the deal is there to be made.
sometimes i think TOO much, and therefore keep waiting and waiting. i have a friend who knew nothing about pi, shes my age and bought an 80g unit in burleigh, lived in it for 6 months, and has now gone overseas with it rented out $30 positive a week, already gone up 50g in cg. i was learning about pi back then , and still now havent done anything…..i think too much [
]thanks guys
hey wild,
well reading that post sounded like deja vu’ (except for the shaving part,[] i hope im not on the road when you doing that!) i too get information overload, one week i’ll think i’ll focus on this style strategy, then i change my mind to something else…. i guess time is on our side, but it does get frustrating after a while, i think sometimes you get too many point of views on a certain topics and end up shying away from certain investments, this is where i think having a mentor to give you that ‘single’ proven point of view would sometimes help.thanks luke
hi andrew,
but theres a problem, when trying to find a prospective ip in the coast, you looking at houses from 250+ minimum (especially if your trying to find something suitable and decent enough for someone to fall in love with and call their home.) this is where the problem starts trying to get 250g+ hopme loan off an institute at 21yrs old , its tough to persuade them no matter how good the deal looks on paper!all i can do is keep looking and keep trying… soon my empire wil start to take shape [
]thats interesting guys,
i have just been doing the numbers on some diffierent strategies, to see what would be best for my to use in my area, lately i have been swaying towards going after some wraps, but believe it would be a bit hard to do on the gold coast, most likely have to look at outer suburbs of brisbane for this kind of thing.its just very hard to find a ‘cheap’ positive cashflow property on the gold coast (note i said hard not impossible! [
]) i guess when i find the right property my decision of strategy will be made for me.Thanks PG-WA, Del and Quasi!
Kinda getting a bit frustrated with the whole bizo because everytime I find something decent, it goes very quickly [].
Do you guys find yourself in the same scenario as well or am I just looking in the wrong places?Choc
Know the Medina/Kwinana area quite well. The closer you can get to the new railway station (due 2006) the better. That is the Orelia, Bertram Heights area. This is getting quite expensive now. So if it Medina you are looking at and there are a heap of investors looking at the area at the moment you would probably do alright in the long run. Remember you can buy there for around $80K. [
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Kym negative gearing aint necessarily bad. depends on your goal. Its fine in my opinion if you are focused on capital growth. But if you need cash flow then obviously its not for you.You need a property investment calculator.
http://www.yourmortgage.com.au/calculators/can_i_afford_investment_property/
Thanks hwd007
The property investment calculator will be extremely helpful!
I thought that about negative gearing too but I just wanted to see if there was anything that I missed.
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] i hope im not on the road when you doing that!) i too get information overload, one week i’ll think i’ll focus on this style strategy, then i change my mind to something else…. i guess time is on our side, but it does get frustrating after a while, i think sometimes you get too many point of views on a certain topics and end up shying away from certain investments, this is where i think having a mentor to give you that ‘single’ proven point of view would sometimes help.
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