quote:
Hello Judy

Well I havent heard anything about the land leases but when I was up there I wasnt looking to invest at the time. I know people who used to rent in that area and although there house was basic I think it would meet the critea for popsitive cash flow. I will have to look into it further. If anyone does buy a IP up there Ray White…

[Read more]

Hi Happy Bandit,

If you think about it, they had 130 properties between 4 of them really as the book does state that Steve’s wife was still working (don’t know about Dave’s) and so he was living off her income while they invested the acounting monies and monies from wraps. So really this was 130 properties between 2 couples (or 32.5 each).…[Read more]

Scott,

You mentioned Point Moore, but I believe some of the houses there are on Land Leases. Not sure exactly what that means but am assuming that you own the house and not the land and at some point when your lease runs out, well, then what, you have to move the house? Just wondering, as you used to live up that way, do you have any info about…[Read more]

Any chance i could have a copy of the spreadsheet too? Appreciate it!

jpurkiss@iinet.net.au

Thanks

I also have Somers PIA software (just the personal version, think it was around the $200-$250 mark) and it does plenty for the average investor and I keep finding additonal things it does so am learning all the time.

Easy to play “what if” with it so you so yuo can try various scenarios.

Good Luck.

Yes I’m planning to buy in the next month, just waiting on the pre-approval. I have a plan of a couple a year and the highs and lows will even out over the long run so refuse to wait “just in case….”. If prices do go down in six months then i’ll be ready for the next one anyway and will have made 6 months of rental yield on this one during…[Read more]

Hi Sunshine,

Thanks for your ideas, aprreciated.

We haven’t gone into holiday homes in the past either for the same reasons however, if what the agent is saying is true then this one may have some merit which is why I asked the question. Intend to follow up with a couple of your ideas and see what pans out.

Thanks again
Judy