I just returned from an investors club meeting in East Pert tonight. Whatever perception one may have about how dodgy they may or may not be. I was just looking at their strategy. It’s a slow strategy and not for me but it should work. And you can do it yourself.

1. Buy a property.
2. Rent it out (usually ends up being negatively geared)
3. Wait till it goes up in price.
4. Use the equity as a deposit on the next one and the next one.
5. When you have about 1.25 mil in equity, set up a line of credit against the capital growth (average 9%PA)
6. Spend only half of the capital growth using the equity line of credit.
7. Do the same the next year and use the line of credit to pay for the interest on the year before.
8. The property capital growth will exceed your spending of the borrowings.

I have a friend (Many conversations start like this) whom was going to buy off the plan, but did a valuation himself and realised the property was overpriced and was put off, but he never bought anything. He kicked himself 3 years later. He said “If I’d just bought anything back then, even if it was overpriced, I would have made enough to buy what I really wanted now…”

I suppose the lesson is this.

Keep your surplus cash and income going into real estate because even the worst deals are better than sticking it in the bank.

The 10K over valuation of the investors club deals are probably just the price you pay for being lazy and not researching.

That same friend of mine also said this

“My dad bought several properties. He bought every one of them in the worst place, at the worst time, for the worst price at that time. He basically screwed everything up that you could screw up. And he is still a millionaire today and doesn’t have to work”

Hi Jessica,

I’m not 100% sure but I have some ideas. As a signwriter we used to use a heat gun to remove the actual material (in your case the wallpaper itself). And then to remove the adhesive we would use either prepsol or turps. Prepsol is avaulable from your automotive paint supply stores. Maybe you can get it from bunnings. But I think it may be fairly expensive. If it saves you time though it may be money well spent.

cheers,

Scissors

To check who owns the website that information is posted on. Go to a domain search engine

http://www.namescout.com/search.asp

This will tell you whom owns the domain.

http://www.responsetoasicallegations.com.au

Cheers all,

Scissors