Welcome to the forum Wayne, heaps of information to be learnt here. I too are fairly new to this forum and really enjoying the mass of information and questions and answers that are ready available. Enjoy []

rgds Risky

Hi,
I started reading and learning about 8 months ago as well but i actually bought my first ip 12 months ago because thats what everyone else was doing heh. I had no knowledge then except my common sense and was spitting chips because i had pre approved finance 12 months earliar and didnt act on it so basically paid 60000 more for the same house…[Read more]

arg i knew it would be something simple ,
Thanks Mortgage Hunter []

Thanks guys for the welcomes []
No probs Steve its always good to read a good knowlegible and motivating book.(think thats how its spelt [^] ) Also that sure makes sense to me what you posted and i will be following up those ideas , thx for the insights [8D] This sure is a friendly forum heh []
Happy New Years All [:0)]

Hi ,
Theres cheap properties in country towns that make good for positive geared investments, but i agree with the others that you will need to reduce your debt first . This will enable you to get finance easier and also give you more cashflow.

Mel Bear i know what most of the terms are when talking realestate investing but i just cant work out the LOC one , its probably so simple and in my face but i just cant seem to think of it.[]
Could you please enlighten me [:0)]

Hi Boc911 and good luck with your investing[]

40 year loans , boy wouldnt that make it a lot easier for people to be able to afford there morgage payments, personally i think that would be a great option for banks to offer with maybe a half percent above the average interest rate , the only problem is i wouldnt be able to apply for it as i would amagine you would have to be around 25 and…[Read more]

Hi,
3 investment properties, one in Mandurah WA, two in Geraldton WA and ppor in Perth. Mandurah deffiantely buy and hold but not sure about other two thinking of dipping into the world of wrapping but trying to learn more about it first and still a bit nervous about taking the first steps towards it [8D]

Thanks Muppet and saskatoon , Happy new year to you guys as well, thats a great website yu have there Muppet. Hope youse had a great xmas [8D][]

Sorry about the long delay to respond Peter P but i can never remember what posts ive posted in (such a busy forum it changes hourly) . Yes your defiantely right about the lower end of the market moving first. I noticed when i was there a new area called Wandina , very impressive and real nice houses being constructed with most overlooking the…[Read more]

OMG not one welcome reply thats very sad for a forum that seemed pretty freindly[xx(]

I thought everyone had gone mad to , till finding out its not the Queenstown in NZ. Now that would be a good deal. I work with a freind that brought a property in Queenstown nz about 5 years ago for 350000 and just sold it for 990000, now thats pretty good cap gains [8D]

Hi redwing, i too work on the boats but not pearling , i work in the offshore oil and gas indust on a dive support vessle ,basically work with deep sea divers puting in pipelines etc. Thats how i came upon the investing books as well heh ,nothing much else to do when i knock off so thought i might as well learn something else []Turned into a real…[Read more]

I have just been to Geraldton and purchased 2 ips one in rangeway and one in Spalding, like most areas you just need to pick your streets. Im not sure if your aware of it but the government is cleaning these two areas up by selling off the state housing houses after they give them a reno. The plan is to have 1 in 9 state housing houses in anyone…[Read more]

If not to late , i would like a copy please [8D]

Rigscaf at bigpond.net.au

Many thx ,
Shaun

It was advertised at 130 pw or 120 pw not sure which one as i was looking at hundreds of properties that piticuliar day.

HI Blowie, although on paper it looks good , ive decided not to as i dont want to be stuck with a house that i cant sell. I actually lived in the town for 2 years and i could have brought the same house for nearly the same amount 20 years ago , so id be relying on the tennants to much = to much risk for me []

Jaffasoft well done on your due diligence you seem to have it under control, the only thing i would like to add is , because theres such a low population ,there is basically no capital gains and hard to sell prperties . So you would stand a good chance of not being able to sell the property when you want to roll it over and chances are its valued…[Read more]

HI PeterP , not sure if its previously youve been ringing but im talking only of the last 8 weeks that
geraldton has been moving, just check the realestate.com and see 80% of houses under 130000 are under offer, Not sure of the system the large investers are using, but fairly sure its not wrapping. Probably buy and hold my guess, will be…[Read more]