No worries, looks like they have really picked up the pace in there over the last week or so – houses and earthworks going on left right and centre.

Happy 30th post from one 30th poster to another!

One other thing I have found with these courses – Even if you don't end up going fully into their prescribed methods and becoming a student and going the whole hog – there is still often a lot of good info that can be taken away from the course and used to augment your own methods. Even when so…[Read more]

Tamara43 wrote:
Hi Rhino, Just a comment about people charging $3000 vs $300 for their intellectual property….. Courses cost money to put on: 1) There are ADMIN costs for all the material (including folders, photocopying notes/booklets, equipment required, prizes etc…) 2) STAFF costs – staff need to be paid to co-ordinate all course…[Read more]

Hey Tamara,

I appreciate your position, I know you said previously that you had a go with traditional Real Estate methods and it didn't work out. It's great that rather than give up, as many do in a similar situation, you have taken a proactive stance and continued to work to find a method that works for you. I have great respect for anyone that…[Read more]

Comments that are wise beyond your years. With that attitude and mentality, you will achieve success, because you will find the method that works for you and then act on it. Great to see people in your age group thinking about their future, keep it up!!!

Congratulations – you're on the right path. To be thinking about this at your age is going to put you well ahead in life.

As well as all the reading – find anyone who has had anything to do with any sort of property investing and question them mercilessly. You will get a huge variety of methods, with many claiming theirs is the best way. Take it…[Read more]

Tamara43 wrote:
Hi Catalyst You also made a good point re: Dymphna. I'm actually surprised at that. I think she is more of a buy and hold type of person. I'm sure Cherie Barber would have something to say about her comment. Ah hello…..the woman has made millions from that strategy so it's gotta work! I was also disappointed when I attended a…[Read more]

I am just about finished this book. I own and have read dozens and dozens of real estate/ investment/ money books and I found this to be one of the most frustrating. The first 2/3 of the book were spent on vague generalisations, with every chapter telling me about how this book was going to teach me the 'how to's' of his strategy, without ever…[Read more]

siewlin wrote:

i'm still waiting for the agent to reply regards the property size.

This is fairly important with units – often banks can be reluctant to lend on smaller than 50sqm, which, while you may be comfortable with that, it can affect your ability to re-sell down the line when less buyers can qualify.

If you're using a property manager you would want to estimate approx 10% of your rent to be safe – in your case = $1404.  That brings your CF down to $319 just by itself, without including a budget for repairs.

We have several units and while they can look PCF on the surface, you really need to do your research on all the possible fees – body…[Read more]

If you're talking about your Gladstone place, despite the current drop, it is still a booming town with plenty of diverse long term industry and the property market will balance itself back out in time. If you end up not being able to pull out, the place should still be a reasonably stable long term investment, the gains just might not be as quick…[Read more]

It can work sometimes – I have done a 1 into 2 block with a tennant in the house where I had to remove a part of the laundry and also do some other renovations (not to mention all the civil works, fencing etc) . I told the tennant up front what was happening and gave them discounted rent for 6 months. They were happy as they got 6mnths disounted…[Read more]

That's the thing about purchase contracts that many people don't realise – They are not set in stone and every part of it can be negotiated. In an ideal situation the contract can be varied back and forth until both parties are happy with the terms and are equally protected. If you don't like the terms you are being offered send it back with some…[Read more]

No, pretty sure it doesn't work that way in Australia. I think I heard at one stage that it was a method that is allowable in the US (could be wrong). I think I remember reading about the investment strategy of negating CGT by using the profit to purchase another investment, and constantly upsizing as you go.

Fairly certain it doesn't apply here.…[Read more]

Hey Tamara43, thanks for that. I've got books on most R/E subjects, including some that touch on this topic briefly but don't fully explain it. Will get hold of that book and have a look at the website.

Unfortunately not in Sydney – am in central QLD. I don't mind doing lot's of legwork when it comes to researching and putting together IP…[Read more]

Some good info here, We have been looking at this option for a while but haven't had a lot of info on it. We would be keen to buy a property and then offer it as rent to buy. Is there a particular book or other resource people can suggest that covers the how to's on this?

Where is your IP situated?

Yep, I have had similar in the past – usually seems to occur when supply exceeds demand and vacancy rates are going up. Puts the tennant in the drivers seat as they know that if you don't agree they can walk and get a better place for cheaper rent elsewhere. Sometimes it's a bit of a bluff as they are the ones that will…[Read more]

Don't know if you're in a position to, but I would include a visit to the town you end up choosing prior to sending any offers away. While I have bought the occasional property sight unseen, it has only been when i was very familiar with the market, or engaged a buyers agent that was. Most of the time when I do all the research and settle on a…[Read more]

https://www.propertyinvesting.com/forums/property-investing/help-needed/4345064

Hey Daniel,

I live and own a place in Gladstone – have a look at this thread for a bit more info.

Cheers

Geezzzz, there'd want to be some hope. 

We owned a duplex there several years ago. Held it for a year and sold for $100k profit, while maintaining 15-18% rent returns. After we sold,. the market continued to increase and if we'd waited another year we would have seen another $100k. I have no problem selling when we did as I have long held the…[Read more]