IMHO its a good avenue if you are new to investing.

A lot of us recieve their newsletters and the club has it’s advantages.

PS- Not a member; but will attend a meeting one day to add to my knowledge base

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

Notwithstanding the fact that you and i probably pay more tax than Packer and Co..
Oh well no sense getting older if you’re not getting smarter [cigar]

The Land in Burswood is worth a mint..and it was an old dump originaly…hmmmmm
[grad]

Here’s an interesting read..

here are eight rules that all good commercial
property investors should consider:

1.
Investing in commercial property is a totally different game
When you invest in residential property, you deal with people. With commercial property you deal with contracts. This requires a different level of advice and compliance in order to protect both you and the tenant. It requires that you become better educated. It requires that you have a good team of professionals around you. Your financiers and your legal team will be very important to your success as will your real estate agent.

2. Fall in love with the deal, not the property
One of the biggest mistakes investors make when they buy into an investment property (whether it’s commercial or residential) is that they fall in love with the property. When it comes to a commercial property, in most cases, the property is only as good as the tenant and the lease. Without a tenant, the property could be useless – or it could be an amazing opportunity. It all depends on your education and experience.

3. Look beyond what the current use of the property is -Know your market. What else could the property be used for? For example, could you pick up a warehouse with little structure and build offices. Is the area zoned for some residential and could you therefore redevelop the property and get a greater return. The rent you can get on a commercial terrace house in Sydney’s Paddington is likely to far outweigh what a residential tenant will pay to rent the same property.

4. Be counter-cyclical
Don’t do what everyone else does! The most successful property investors buy when everyone else is selling, and bide their time when everyone else is buying. Right now, many residential real estate investors are starting to look at commercial, that papers are hinting that while residential property prices are down, returns on commercial are likely to remain healthy – so if you want to get into the market, don’t wait until the market is flooded with newcomers. The Commercial Real Estate cycle is NOT THE SAME as the residential one.

5. Always try to buy with zero or little down
For years we have been told by our parents to “pay off your debt”. We have this natural inclination to want to get rid of our mortgages. Putting in a lot of cash does not make good investment sense. Educated investors know how to secure deals with little or no outlay. Obviously your rate of return will be affected by how much you have to outlay.

6. Seldom Sell
In general, people who sell their properties never do as well as people who just keep hanging on to them.

7. Always buy from a motivated seller
The more motivated (read desperate!) the seller, the better the deal will be. Often properties passed in at auction can be a good deal – especially if the owner desperately needs to move the property. Remember there are far fewer potential buyers for a commercial property compared to a residential one.

8. The Deal of the Decade comes along about once a week
If you believe that great deals do not really happen, then you will not see one even if you fall over it. The more good deals you see the more you believe they exist. But, you need to know what you’re looking for. You need to have access to finance, be able to accurately analyse the property and know what the market is doing.

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

Personally i think Commercial and Industrial properties are a slightly more ‘specialised’ field and an area where you don’t want to make a mistake on your first deal..potentialy it could ruin you..

We all know about residential property, we spend time in it every day, pay the bills for it yada yada..

CIP and IIP is different and usually more expensive IMHO finding and securing a tenant being the main aim (lock them into a contract), on the positive I believe the tenants pay for the majority of expenses.

I had a look at CIP’s at one stage , but couldn’t find anything that suited my ‘comfort level’ , though they suited my price range.

An ex-partners uncle made his fortune from them (CIP’s and IIP’s) though, he started as a panel beater then he and his partner bought an IIP; then some time later another , then the lawyer who was doing their paperwork wanted in..they continued onwards and upwards and were buying IIP’s around the $1-2M mark when I last saw him several years back..now comfortably retired. Suffice to say, he preferred IIP’s to Residential Property, he couldn’t understand why I paid for my tenants needs (fix air-conditioning etc etc).

Fear and that being “lack of understanding” would be what has held me back from CIP and IIP’s.

Loved Dolf DeROOS books though and he did ‘very’ well for himself with the above.

You may have to educate us Dazzling (or me at least [biggrin])

REDWING

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

Hi Ausprop

A friend who is working for National Homes (WA) said that new housing sales have been starting to drop off (for them atleast)..whats your take on the sitaution?

I believe costs are still rising at least 1% a month to build a new dwelling..

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

Change PM’s…

What area in Canberra ?

And does anyone know a good PM there ?

Melbear ? Shaun ?

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

Wasn’t there a bank looking at doing something similair ?

Decreased intrest payments for a share in the increased equity ?

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

also try searching on the FORUM for past posts, i’m sure this has been discussed before.

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

Horrible property..bad Feng Shui and no padded cushions on the chairs..

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

Agree Westan..we’re all looking for a better deal, more knowledge, help, advice and someone to bounce *ideas* off in the forum…thats the beauty of it [thumbsupanim]

All the best -Redwing

PS- keep the forum updated on your progress in the Us of a and NZ

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