Forum Replies Created
Hi Daniel,
I've just seen your post and YES! there is a fabulous Property Meeting held monthly ast the Vaneto Club in Bulleen, Melbourne on the 3rd Tuesday night of each month. At our next meeting on Tues 16th July, we've got a speaker from the Department of Justice coming to speak to us about our Rights and Obligations as Landlords. RESULTS Mentoring Coach Brendan Kelly will also be talking about how your choice of investing strategy can assist you in achieving your financial goals. It will be a very informative session.
Please do come along – new members are always very welcome. You can check out the details at http://www.propertymeeting.com.au and click on 'Melbourne'. If you register (it's free to do so) we can send you a monthly email advising you of what topics are coming up.
Hope to see you there.
Cheers,
Rochelle
Hi Luke and Ananad
Yeh I see where you're coming from…. and yes, I am a Results member. I reckon they're great! I'm doing a 26 unit development in Surrey Hills which I couldn't have done without their coaching assistance. I get that Ananad is experienced, (& perhaps more so than I first thought!) but I'll still spruik for RESULTS coz they have helped my step up my investing from a 'I thought I knew what I was doing' investor with several properties to my name, to one who has now both bought overseas and is doing an apartment development. Couldn't have done it without them!Hi Pete,
Good returns are available in rural and semi-rural areas, but you need to do a heap of due diligence before you make a decision. What are the numbers involved in each option and why are you buying :Is it for cash flow, capital growth, a lump sum when you sell etc?? I have a property coach at RESULTS Mentoring and they are great when it comes to helping you sort the wheat from the chaff when you're looking to buy. They help you work out what research you need to do to mitigate your risks and what profit (or loss!) you can anticipate for each property you might be looking at. I'd think you'd benefit from having a coach guide you in making a decision – especially since you're interstate. The area's you're looking at may well be good, but how do you know unless you've done some really thourough due diligence.
Happy to give extra info if you want to know more.
Cheers
RochelleHi Morgstar,
Whilst there are the costs people above have mentioned, I'd suggest you do the numbers on any property you're looking at before you buy anything. I'm a member of the RESULTS Mentoring Community and the coaches teach you how to do that as part of the program. I'd say go for it – high yields are available in rural areas – SO LONG AS THE NUMBERS WORK. You need to know that you will actually make money (rather than loose it) before you buy a property. Is it cash flow you're after? Do you plan to do another reno with it or what's your strategy?
Cheers
Rochelle
Oh….. and check out http://www.resultsmentoring.comHi Anandd,
I'm interested in finding out the numbers in your project. How much will it cost & what rental can you get? How will it reduce your mortgage and by how much? I have a property coach from RESULTS Mentoring and that's what i reckon you need before you get an architect! A coach can help you research the numbers to make sure what you want to do will actually help reduce the mortgage (instead of cost more than you recoup in rent) and can help you work through the town planning process. I've found them incredibly helpful in all of the property decisions I've made and they massively reduce the risk in doing a project like you are…. and you'll be certain of the numbers & your anticipated profit before you start.
You might even realise you can repeat the process over and over again and make more money!!
Check out http://www.resultsmentoring.com if you're interested in finding out more. They're in Mont Albert which is pretty close to you.
