Thank you for your thoughts everyone.

I have already spoken to ANZ on this as they are my current financier and the valuer there said his hands are tied as it is against bank policy.

I am only a little fish, so as yet they are not falling over themselves to help out.

Perhaps I have found a better deal now anyway.

regards

rav

HI,

Might be a little off the wall and depends on how much spare time you have.

But have you thought of approaching some local handyman/builders and offering some of your time in return for learning skills from them?

I have spoken to a couple in my area on this idea and they were happy enough to consider it. Though you need to be mindful of the…[Read more]

HiGuys,

V interesting to read people’s views, when they are not actually “Johnny on the spot”.

I moved to Mount Isa in Feb this year and even in that short time the market has lifted substantially. In the last 2 months or so, the market has slowed in that they are taking longer to sell and prices have leveled out.

Rents are high and getting…[Read more]

Hi Steve,

Just had a look at the page for investment detective. Unfortunately I could not get the video to run. Would be very keen to know more about the product.

By the way thanks for going to the effort of writing your books. They have provided me with some of the most applicable information on property investing I have found to date.…[Read more]

Hi Kiwi-Fulla

Can I have a little more info on the options idea please. This is something I have never heard of. How exactly does it work?

Cheers

Rav

Hi Jake,

Congrats on finding something many people believe no longer exists. Double check your rental estimates though, ask some other PMs and maybe ask for a rental history on the property.

And do a proper figures run including insurance, vacancies, rates, onging repairs, property management fees etc.

As to the First Home owner Grant, if you…[Read more]

Hi Calvin,

Always nice to hear that someone else thinks an idea might have some merit. Unforunately, I can’t act on that one myself.

cheers

H

Hello All,

just read this post with interest. Personally I’m all for the laundromat, hands off approach.

But the thread bought to mind an idea I had when I first went to Maggie Island off Townsville.

Essentially, back packers are not all the get drunk fall down type, many just aren’t full on party people and then there are those that just want…[Read more]

I’m with you brendan,

I could probably borrow for a $200 000 home here in Townsville without too much trouble.

But $36 000 is just too much risk. [blink] Go figure!!!

HiGuys,

I’m sitting here smiling for you all. Never mind the marriage bit. You’ve found love and you know it. That’s the biggie!!!

Congrats!!!

Thanks Oakley,

I am aware that my current employment history is borderline for most lenders. Am aiming to go permanent in the next two months.

Don’t want to wait though.

cheers

Hi Kerri,

4742 is postcode.

Should probably also say it will be a 20% deposit + closing. Although I would love to be able to get away with a smaller deposit.

Heather

Hi Investron,

I just had a quick peek at your profile and you live in one of the few places of QLD that doesn’t suffer badly from those peculiarities.

I’m in Townsville and those one liners are pretty spot on!!!

I’m going to move to the Atherton area in the next 5 years. It’s all part of the plan.[cheesy]

Hi Ty,

Have a bit more of a look around these forum boards.

There was a recent topic on the first home owner grant. The crux of which is that you can own property as an investor and so long as you don’t live in it, you are still eligible for the FHOG at a later date (assuming you meet all the other criteria). The links to the relevant…[Read more]

Hello Ty,

I would say go for it. Essentially you are getting into property at pre boom prices.

But be business like about it. Just because you get along well with your brother doesn’t mean you shouldn’t set the deal up properly.

You say the house should bring in $120/week. Have you really looked into this? Consider what sort of tennant will…[Read more]

Hi Guys,

I would say “proceed with CAUTION”. Do your research very carefully and have some serious worst case scenarios to work off.

I moved there from Queensland in July 2002. Things were just starting to warm up property wise, then I got to see the train leave the station without me too. (quite painful, as I was not in the position to buy…[Read more]

Hi Robert,

I am another newbie and this talk of interest only loans has me curious, as I alway thought that they were difficult to access.

Generally speaking who is eligible for an interest only loan?

Do you have to have equity in an existing property to leverage off?

Is an offset account a regular feature of an interest only loan these…[Read more]