@ number 8 – I like the idea of having a mortgage broker mentor you. But finding a mortgage broker who is ALSO a successful investor, using the exact same method you want to use sounds difficult.

I definately support using mentors to grow in your wisdom, if you can find them

@ Duckster – This vendor isn’t interested in vendor finance unfortunately

@Keiko – This is one property that is valued at 15% under. It is positive cash flow at the higher price, and I might even still be interested at the higher price (it offers 5.5% cash on cash return, and once renovated around a 12% cash on cash return.) So it is a good deal,…[Read more]

I missed the property update. Had a baby a couple of weeks ago and forgot to get a ticket. I will definately be going to the next one. The cost is nothing…$30. Glad you had a good time.

Keep us updated and let us know when you get any offers/ make a sale.

No worries. Glad to be of help

I would never take advice from the Sunday Telegraph. They print stories to sell papers, they don’t necessarily print fact. Plus it is unlikely that the journalists at the Tele are property investors also.

Learn about growth indicators and then do some research yourself. If the suburb appears in the paper that could mean that the boom is now…[Read more]

My first investment property is costing me less than $18,000 to buy (including all costs) and I don’t have to afford the repayments because the property is positive cash flow.

My strategy (to begin with) is to buy cheap positive cash flow property. Do the property up, increase rents, making it even more positive cash flowed and then move onto the…[Read more]

Thanks for the intro. It is good to meet some young people like myself (I am only 22) who are also in love with property investing. I have wanted to invest in property since I was 14 or 15, and only now am I in a position where I can actually do it.

I hope you enjoy the forums. You will see my face around here from time to time. I have started…[Read more]

I am so excited for you.

I agree that time is our number one asset. I decided early on (and I am still only 22) that time is my most important asset and that I wanted to spend that time with my family. It was because of this value that my wife and I have always worked part time. We manage to live really well off what most people would be scared…[Read more]

Do a realestate.com.au search and search by area. You can search for entire districts. You can’t search ALL of brisbane…but you should be able to search council districts and this should make your search easier. Just put in 200k as your max price and ka-bam it will only list properties under 200k

Interesting method of trying to find places for your clients. I have no objection to it, I am just intrigued.
Wouldn’t it just be easier to trawl RE and domain?

I am personally not a fan of auctions. It is not just that you can get carried away, but it is that other people get carried away and thus you cannot secure the property for the price you want.
I also like negotiating terms, and therefore auctions don’t work well for me.

So I just ignore properties that go to auction. I am a focused investor so I…[Read more]

@ Wealth4Life – There is definate value in doing a mentorship program such as Steve’s RESULTS program. I believe people need to have a personalised strategy when it comes to investing if they are going to succeed. They need to know their goals and how to get there.

My site exists to help people who want to buy positive cash flow properties find…[Read more]

Firstly, you can’t ask what would be better from a tax perspective without giving detail. If you are buying for growth the PPOR might be better for tax reasons because you can get a discount on the capital gains tax, if you are buying to hold an IP might be better because you can claim more things on tax. It depends on your situation.

I never…[Read more]

The vendor might be able to sell the property, but they will have to sell the property WITH the option attached to it. This means if the developer wants to exercise his option on the new owner then the new owner has no choice. The only problem will be trying to find a buyer who will buy a property with an option on it.

Most people don’t…[Read more]

Be careful buying negative cash flow property through a trust. My accountants advised me against it. You can’t pass losses through a trust. One of the major benefits of negative gearing is the tax benefit you get (if you are in a high tax bracket). If you invest with a trust you will forfeit those tax benefits.

As far as I am aware you cannot ADD…[Read more]

No worries Scott,

It is good to get your foot in the door, but not in the wrong door…and yes in property investing there are wrong doors and right doors.

For example if you wanted to generate passive income from your property investments to fund your lifestyle then buying a negatively cash flowed property would be putting your foot in the…[Read more]

@ EvaCD – What you said is brilliant. Because rental markets can move up so quickly if you buy a property with a tenant (on a long term lease) it can be a lot harder to get market rent because you have to wait until the lease ends.

I don’t understand why people sell because of problem tenants…why don’t they just kick them out?

@ Duckster – After reading your first post I was going to mention getting the loan secured over the two blocks of land….which will now have gone UP in value due to the subdivision. BUt you mentioned it yourself…

@a1159890 – Firstly….interesting username. Secondly, make sure you know all the fees associated with subdividing. If you think it…[Read more]

Is this a double post? I swear I ready this elsewhere and commented on it.

@ Richard – I guess I am a little biased. I have had a few very bad experiences where mortgage brokers treated me extremely poorly. They told me it was impossible for me to invest. I then went to the banks myself and got lending directly from them without any real hassles.

I understand the value of mortgage brokers, but have been burnt by them a…[Read more]