Good thinking wealth for life! And you have a mentor who you can contact weekly (or when you need to) for specific advice pertaining to your proposed deal.As well as a home study pack and group get togethers. And including access to someone who has been developing for 40+ years including residential, commercial, with engineering background. For wh…[Read more]

Hi Pasha.My understanding of China is that they are trying to slow their growth artificially. If they reduce their growth from 11%pa to 8%pa., they're still going to need 8% MORE of our product than last year.My mining sources suggest from Feb things should be picking up as companies increase hiring. (In the area I have property.)I do not have a…[Read more]

Thanks wealth for life.I am part of Steve McKnight's RESULTS mentoring programme . And highly recommend it.And don't get paid to say so!If you are serious about property investing, it is SO worth it.For those who are only thinking about maybe they might like to (not committed to it) then they won't benefit from it. We hold our cashflow pro…[Read more]

Hi again Pasha.My perception re China is, they have been artificially trying to slow their economy down so it doesn't keep expanding so quickly.They have such a massive population, and a hugely expanding middle class who are getting used to Western comforts, so demand is high. If their growth slows from11%pa to 8%pa, that's a lot of Aussie mining…[Read more]

Hi SeanSounds good from the surface.What expenses? strata (if not, building insurance)? council rates? water?Are any rented, what is the ACTUAL rent?What is the area vacancy rates, especially for studio's ie limited appeal, got to be singles who can't afford bigger.What interest rates can you borrow at?Presuming you need to borrow.Which brings up…[Read more]

Hi NigelMy opinion with your deal is, if there's space in the deal for all you costs and and extra 10% that may arise (unexpected costs) and still profit, it should be worthwhile.I think Perth has had its correction. (Not that I'm very knowledgable about Perth real estate.Feel bullish about the mining and resources industries.And you're not just…[Read more]

Got to buy investment property on the data, not love!Good way to go broke, as we would all buy beautiful luxury places with terrible rental returns. "One day" it may be worth $2million, but will you be alive to se it? Will that make it worth your pain now?I avoid properties with strata titles when investing, just another expense to me.The other t…[Read more]

What you have not thought of, is what will properties like yours be worth in 29 years? Maybe somewherebetween double and triple your purchase price??? We don't have a crystal ball!The question is, if you can sell and pay your loan out, can you find a better investment (or maybe buy a home for yourself if you haven't done so) instead of hanging o…[Read more]

Hi Thomas,Your parents are very kind to help you.I agree that you couldn't get a loan in your name (bank will look at cost of living, and $200pw won't go far!)Definitely repay parents from rent, if following CAN DO's (I think) plausible suggestion.Your deposit may cover conveyancing, Trust set up and accountants advice, but probably not all the…[Read more]

I started looking mid 2003 for CF+ properties, on the net.Took me about 3 months.Block of basic units in rural town.Have been making us $100 pw (after all expenses) since late 2003. Consistently. Since first purchased. Currently over $180pw, as rents have gone up and interest rates are low. Minimum of  $26,000 income to date, probably over $…[Read more]

An interesting post.Having been in property for about 10 years and doing well from it, I can say its the best thing we have ever done.The danger is, in not doing your research. There is not "a" real estate market in Australia, there are many markets and sub-markets. Kiyosaki is big on knowing your market, and buying at the right price. And…[Read more]

A few tips I've learnt…Near (walking distance, not backing onto the tracks!) railway stations is a good spot.Covenants in NSW often expire after 10yrs, not sure about Vic. Ask council.quickchick

MYOB works for us!Maybe there is a more effective tool?quickchick

Hi John,Good on you for starting young, so many wish they had, but got distracted by life along the way.If you view property investing as a subject to study, you'll realise that there are many different ways to make money in property. Then figure out what you want, and when you want to achieve it by. Then figure out the most effective way to get…[Read more]

Excellent post, Elli.A timely reminder to us all, to check up on our property managers and don't just assume they're busting their boilers to rent our investment properties out.Their week's rent in advance per year, for securing a new tenant, is not a bad incentive, you would think.quickchick 

Hi Wealth for life,I agree with you to a point. It is very worthwhile to get together with like minded friends and discuss property on a regular basis, and benefit from others learning, and experiences. And talk about which books etc you have found useful.To a point. If there is a Uni tutorial of eager students, they may well all increase each…[Read more]

Hi fred,Hope you get your $$ back!But I think you learnt a relatively cheap lesson, compared to if you decided to buy!quickchick

Yes, you're right  Dan re taking a loan against PPOR for IP.Didn't think of that at the time.

Whoops!He looks good for his age!quickchick

I agree with Terry.You've said you will share "the profit" but what if you need to sell at a time where the value has got down? Accept to share the loss?Even if it is the other couple who want to sell, and you don't?What happens eg if one of them dies? Do you keep paying 1/4's and the other remining partner has to pay 1/2? Could they afford that?…[Read more]