HI Cjay11,                    if it helps ive found a Ebook that covers a few areas on different aspects of Realestate investing and i have packaged it up for downloading. Its called Buying a Home When You Have Bad Credit:                                          12 Ways to Purchase a House When You Can't Get a Home Loan. Its based on Am…[Read more]

Like it was said earlier its not a set and forget, i also had a tennant paying the rent through centrelink payments but then he informed centrelink he didnt want to pay the rent out of his centrelink payment anymore so they cancelled it and they dont even bother to let you the landlord know. As i had 6 properties on the go at the same time it was…[Read more]

Hi Peachy ,
Imho its not so straight forward as a set rule of thumb , for instance ,
Your normal 15-20 % or more under asking price offer depending on how thick skined you are ,or you could have already arranged your loan so you can offer a cash offer which is your best chance of offering well below asking price, or you could offer a long…[Read more]

Hi Daniel,
Firstly you have overcome the biggest hurdle and thats taking the first step. Alot of people want to invest but only talk about it , you have actually started to put it to action even if its only aking a question here it is still a positive step in starting.
As for the question its a hard one, theres multiple ways you could go but i…[Read more]

I agree Perth has gone nuts the last year and is still going up. Im fortunate enough to have a couple of ips in Mandurah which has really gone nuts, not that im complaining [biggrin][jerry]

Cheers
Shaun

http://www.goneshoppingsites.com

Free Internet Marketing Courses
http://www.freeinternetmarketingcourses.com/go.php?offer=vendking&pid=1

You might want to look at Karratha WA , this town is booming and there is so much work coming up with the extra train and talk aready of another. Companies such as Woodside ,Monadelphos are employing on a fly in fly out basis as theres a lack of rental properties.
A freind of mine is getting $850 a week rent there for a average 4×2 that he…[Read more]

Hi, here is a contact for a someone who is experienced in wrapping , I believe he is a lawyer and has done a lot of work for Rick Otton who is another wrap guru . Its been 2 years since i made this contact but hopefully he will still be on this number.
He would defianetly be able to help you with contracts as well as credit license.

Jeremy…[Read more]

I had the opposite problem with my tennant asking me not to put new carpet in or not to paint the place as he is happy with bringing his friends back and having a jam session (as he plays in a popular band) . He doesnt want the burden of having to tread carefully, suits me as i brought the place with the idea of doing a total makeover. However now…[Read more]

Make your profit when you buy not when you sell .In other words you need to buy under what the market is asking.

If you want the rainbow youve got to put up with the rain!

Thanx guys for your replies, i like the idea of adding the yearly rate costs into the weekly premiums. I also like the idea of having a clause into the contract to that effect which hopefully would solve any later differences. Just ran a advertisment for my first wrap deal , because one of my IPs has just become untennanted so good time to feel…[Read more]

My PPOR is directly across the road from a large park with playground ,basket ball ring etc and plenty of gardens and trees, it has a walkway all the way around and is used for jogging cycling and walking . The local primary school oftern do excursions to the park as its a very nice setting. I love to sit on my balcony having a beer and overlook…[Read more]

Good topic for me, as this is my major flaw in my investing plan. Thats just the problem i havent a plan [hmm] My plan changes weekly because im relatively new to the property investing game, im learning more and more everyday so therefore im finding other investing vehicles that appeal to me. Therefore im finding it very hard to set goals as im…[Read more]

Hi Kay , your probably right about the 20% premium but I hope not ,I tend to think that wrap deals are only succesful if the wrapper buys the deal at 15-20% under market value (in this market its not that hard ). So the wrappee will or should be buying at market value. Well i hope that is the stradigie for most wrappers as this results in a win…[Read more]

I tend to think more about the ripple effect, if suburbs 6 kms from the city are sought after it wont be long till 8 kms are sought after even if there not now. Id be looking at how much space is around these areas for future developments and if there isnt much vacant land left the 1st option of 8 kms will be vary valuable some time soon in the…[Read more]

So true about the grinding near glass, I had the same problem when i built my steel patio on the rear of my ppor, took steps to stop the filings going into the pool so didnt get rust spots allover the pools floor, but didnt know what the little buggers could do to glass till i stood back to admire my handi work and saw the new etched glass…[Read more]

Very true Newgen, the hard part is getting to where you want to be and then its up to you to stay there and progress.

Regards Risky

If you want the rainbow youve got to put up with the rain!

Different strokes for different folks but for me my motto is Its Not what you know, but who you know.! .

Regards Risky

If you want the rainbow youve got to put up with the rain!

Hi Nathan
Maybe one more option for you to look at would be vendor finance or commonly known as Wrapping. If you are unsure of this investment vehicle take a look at the getting creative forum
which will give you a general understanding and you can follow up from there.Steve Mcnight also has a wrap pack available for purchase which gives you ample…[Read more]

I too have just had a house settle two days ago, shouldnt have any vacancy rates for the first year at least as i have a tennant moving in today on a 12 month lease. It Is positive geared and returning 10% yield gross. (62000/120) Country town in WA population of 8000.
Because i buy the bottom end price houses ,now or anytime now is a good time…[Read more]

Your not alone there Misty , i am writing this on a ship in the middle of the ocean with sattalite connection in South Korea where i am for 3 weeks work. Youd think id have better things to do than wait 2 minutes for each post to load with this crappy connection but hey, i can still log into pi.com forum [strum]

Risky

If you want the rainbow…[Read more]