Agree with you on chatting with the elderly DAZZLING, especially “elderly investors”, no sense getting older if you dont get wiser.

I was talking with someone the other day who bought in CBA *big* time when they first listed, hindsight is usualy crystal clear isn’t it.

Great replies guy’s keep it coming, it’s always…[Read more]

Great Post Greg and CONGRATULATIONS on what you’ve achieved so far[specool]

Damo..i’m also of the opinion that if you did this more than a few times the ATO would classify it as your business and that you were a “Property Trader” .. you’d also be putting your eggs in the one basket.

IMHO you’d have to go for the higher end of the property price…[Read more]

I believe it’s cheaper to rent than buy and when starting out you are better served staying at home with your parents and buying an Investment Property of which the interest and associated costs are Tax deductible.

The government and the tenant assists you in purchasing this property; with you *topping* up the loan regularly with your savi…[Read more]

What has been your best move?

Marrying somebody like my wife who also finds Property interesting and enjoys looking at properties and discussing potential IP’s and Homes, luckily for me she has a great grasp on maths and is an EXCEL guru.

What was your worst mistake?

Selling one of My Investment Properties i *knew* i should’ve held

Key advice…[Read more]

Some great books he advocates such as some of Dale GG’s stuff

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Going to next Mondays meeting with another investor for interests sake and looking forward to it.

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

[biggrin][biggrin][biggrin][upsidedown][upsidedown]

I “LOVE” the locked threads and go there first for a laugh[wacko]

They should be transfered to “FORUM FROLIC” once locked IMHO

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

I’d use depreciator from this site, after all..you have continued access to him.

I’ve used Deppro on my IP’s but would’t have a clue who conducted the work and i definetly don’t get continued feeedback from them..

I’ll be using Depreciators services next time..

“Money is a currency, like electricity and it requires momentum to make it…[Read more]

Vernon,

I have a lot of data on rural WA built up over time, what areas are you interested in?

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

The ones that leave id say good riddance to bad rubbish, you’re obviously upsetting the applecart anyway and maybe it’s better to get things sorted from the outset..

keep us posted sounds interesting..[fear][handlebars]

I presume the previous owner was lax on the paperwork…

“Money is a currency, like electricity and it requires momentum to…[Read more]

Read Jesse’s story in “Ordinary Millionaire$”

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

IMHO Money begets Money and when your into Property Developing you ‘need’ money..

AUSPROP & MICHAEL

There must be ‘many’ traps for novice players when it comes to the developing game and Michaels Seminar sounds ‘great’ (honestly) but…is it for the average investor?

What income level etc would this seminar be applicable for?

I’m sure ‘any’…[Read more]

Hi guy’s, just throwing this one up for debate as i came across Hans DVD the other day.

has anyone else had any dealings with Hans?

..any thoughts?

Are his methods still relevant as + CF properties as prefered by Hans in Large Towns and Capital Cities (as he prefers) now a myth?

REDWING

“Money is a currency, like electricity and it requires…[Read more]

Are you buying the block to put an IP on or a PPOR?

Who are you building with and have you spoken to them re both blocks?

Have you got quotes for leveling the block, improving drainage/runoff?

Obviously you’ve looked at neighbouring properties, re the unlevel block- how have they dealt with it?

What are the prices of comparible sized…[Read more]

Sorry

Principle Place of Residence..now you know why PPOR saves typing [biggrin]

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Hi MA

I don’t think all books go out of date quickly, i noticed “The Richest Man in Babylon” is still in 3rd Spot at Dymocks when i was browsing the shelves.

Had a quick look at your’hot links’, some great stuff..how about some links to free e-books for investors, such as TRMIB and some of Burleys stuff etc?

“Money is a currency, like…[Read more]

IMHO why not look at doing both?

your PPOR is CGT exempt, pay off as much as you can and build your equity; look at using that equity to finance your venture into property investing.

Just remember its getting harder to find +CF deals, without putting some effort in.

Define your goals then refine your strategy..

All the best

“Money is a…[Read more]

Cant the Debt Collection Agency or even you as a citizen attend the courts and get a “warrant of execution” for under $100 and serve the document on the individual, so beginning the legal journey to recover your debts?

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online…[Read more]

If anything MA i suspect it would be more +CF ‘ala’ Margaret LOMAS, i cant see the IC suggesting you buy a 80 year old fibro house out the ‘back of Bourke’ because it puts $2o a week in your pocket.

I know fom other posts here that they look at commercial as well as residential, though i’d expect residential is more their forte.

Not being a…[Read more]

Can the mortgage brokers have a rough look at my figures here..am I on the right track for Y?

I find looking at this kind of post interesting

Just a quick look shows the IP’s are doing well

IP1
$150 x 52
= $7 800.00 income
/ $80’000.00 loan
= 9.75 %

IP2
$155 x 52
= $8’060.00 income
/ $80’000.00 loan
= 10.07 %

*Not taking into…[Read more]