Hi Kelly,

Don’t know if this going to be short or skinny, but here goes:

There are only two types of properties:

– Positively Geared
AND
– Negatively Geared

Positively Geared

A property that is positively geared means that the rent covers ALL costs (rates, interest on mortgage, maintenance etc…)

Also, when analysing a property to determine…[Read more]

* bump *

Good advice from Bill and Bribie,

Personally I would never buy a property nor land without seeing it first.

I would like to relate a story to you, for all it is worth.

A land salesperson that works for a large land developer gives me a call and says: “We are having a new stage release. This is going to be a beauty! there will be blocks with 180…[Read more]

Now that I have a bit of time I will make a reply…

quote: Yes, the yearly surplus might not be large if you are (like me) buying ‘baby-deal’ properties around the 30K mark which rent for 115 per week. but the important thing is that there IS a surplus

This is correct. Actually the more I have been thinking about PGP (Positive Geared P…[Read more]

*****
Reply by Mini
*****

hey pin,

in reply to –

quote:Also the thing with +ve geared properties they ONLY put something like $1,000. PER ANNUM in your pocket. (i.e. peanuts.) WHY?? because this is eaten up so fast by EXTRA expenses that you forgot to put into the equation.

I agree you probably shouldn’t just rush out and buy property if you…[Read more]

Hi Mini,

Thanks for giving it a go. I will reply to some points and make some other statements. I may have to make a second post later…

First I would say that I read the Today Tonight Q&A between Steve and TT. (http://todaytonight.com.au/factfiles/646144.html) and this reassured me, and helped understand where Steve is coming from. It is…[Read more]

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Reply by Mini
******

pin,
I’ll have a go,
though I’m not Steve,

quote:
” Positive cashflow. Is it really for everybody?”

no because:
a) some people think they don’t exist, so therefore they won’t be able to find them.
b) it is estimated that only ten percent of properties in Australia are +ve cashflow (I read that somewhere) so therefore…[Read more]

Sorry, but this should work now

**** Other Interesting Posts ****
Can someone point me into the right direction – TOPIC_ID=4582
Research methods – TOPIC_ID=4437
You Can’t be Serious??!!!! – TOPIC_ID=4437

Let me see if this works …

**** Other Interesting Posts ****
b]Can someone point me into the right direction TOPIC_ID=4582
Research methods TOPIC_ID=4437
You Can’t be Serious??!!!![/b] TOPIC_ID=4437

OK I will set it up, and also take the liberty to reformat your posts to make them easier to read.

Pin

Hi Diclem,

Sorry I didn’t repond to you previously, but you must have posted your reply wil I was still writing mine!

Anyway, here is the answer:

No I do not use this strategy personally but have read about it on the net and in the newspaper. There was a really good article on this once.

Some people bought a property with 5 or 6 rooms that…[Read more]

Hi Pete,

Excellent points.

quote: But with a job you can’t just get up and go, so you lose the deal unless you’re willing to buy sight unseen.

True most people have jobs AND families to take care of. The people on this forum that say they bought 3 properties last week etc.. are “professional investors” or they have a lot time to spare. This is…[Read more]

Bear

quote:… and offer a small spotters fee to the locals.

I wouldn’t do this. I think it gives the wrong impression to people. Just get as much info from them and leave it at that.

Leaving your card with agents is a good one, but I have found that agents will call you for anything and everything, so make sure they know exactly what you are…[Read more]

Hi Steve,

First I want to apolagise if my first post offended you in any way, but I misunderstood you.

In your first post you said:

quote: I have two investment properties with a positive cash after tax

In your second post you said:

quote: because now I work abroad and the short fall comes out my pocket.

OK, if this is the case then…[Read more]

Hi Jane

quote: BUT where are these properties?

Everywhere! You just need the *** TIME *** (and dedication) to find them.

First get on the net and start looking. Once you have found a place you will have to think about going there and see for yourself.

Also you MUST be IMAGINATIVE!

OK here are a few tips. If you are going to buy properties in…[Read more]

Mini!

I have been busy replying to other people on the property forum!
I am still thinking about this thread…

I think we should take this discussion to the “Specifically Property!” so that everyone can benefit… What do you reckon?

We will just copy and paste and start afresh!

Pin

Hi Steve,

Welcome aboard. I hope you will get some great info here and that you will also be able to contribute.

You said:

quote: After reading Steve’s book, I now realize I have to change my strategy.

Why? Yes what made you come to that conclusion?

quote:I am very interested in property with a cash flow before tax.

Do you have a LOT of t…[Read more]

Hi Pete,

Great stuff!

I think something that would really help is knowing what questions to ask, and how to strike a conversation and get the info you need!

Yes, spending ***TIME*** on the phone and *** TIME *** on the internet is a MUST. (Hey I can’t write everything in one post!). Find the area you want target first, and do as much research…[Read more]

Hi MJK,

I know what you mean. Loosing everything I wrote happened to me a few months back…

Seems like we have slightly different definitions, but hey, if we agree in principal there are no probs.

Yes and I did it a “bit” in purpose to get people thinking. I am always worried when people don’t know what they are doing and simply try something…[Read more]

HI alf,

“Walk the streets” means, you first have to go to the place you want to buy in, and stay there at least a week.

Once you arrive there this is what you do.

1) Go to the council and have a chat with the town planning people.

2) Go and see every single real estate agent in town, and have a chat. (*tact* when dealing with them is VERY…[Read more]