Hi guys,
My journal started out appallingly , I havent had to write anything inolving my thoughts since highschool. It started off as afew lines of jilted thoughts, but now it has also turned into a novel.
I try to read it every day, and its amazing how much I can reflect on what I’ve written and then take appropriate action. I’ve already changed…[Read more]

Hi Guys,
I can highly recommend “Wealth Guardian”. It”s not the be all and end all but its very down to earth, easy to understand and best of all it’s audio so you can listen while reading the notes, handy for someone like me!
It certianly guided me in the right direction and helped me ask the right questions of my solicitor, when I enquired about…[Read more]

Good on you youngie. I wish I’d had the knowledge to do the same at your age!
I did however invest in my parents house at 22 but it took me 6 years to find an investment strategy that I felt I could make work. Now I’m going hammer and tongs and not looking back.
I’m constantly amazed by how much I’m learning every day, I can tell you that after…[Read more]

Boris,
get local agents to give you a written valuation it will cost you nothing and it will give you a good idea of market value.
but if you are selling to a trust why not sell for a reasonable rate below it’s value to save on stamp duty and capital gains tax.
I have no problem buying below market value, so why should I have a problem selling(to…[Read more]

Fullout
Ive had the same thing happen to me, so I may be able to help you not sure as yet but will enquire for you.
Dont go getting rejected just yet.[]
Email me atsrcengineering@optusnet.com.auand I’ll see what I can arrange.

Regards,
Scott S

“Aim for the stars and you’ll shoot the top of the telegraph pole. Aim for the top of the telegraph…[Read more]

Hi All
They say they’re building a company like NRMA, but for property investors.
Does that mean they’ll fix my IP’s when they break down, sounds like a great idea![]
I’m sorry to say that I couldn’t get on to the simulator, so I’ll never know if I can get rich on my meager income.
It is apparent that Harry has consuted a thesaurus and through the…[Read more]

Hi Kristoffer,
this is an idea that I’ve been tossing over for some time.
While I’m not in a position to buy many properties at present, I am spending heaps of time out researching different areas, to gain a feel for those areas, and an appreciation of whats good or poor value in that market.
This will mean that come time to buy I’m fully…[Read more]

Hi,
Just a quick reply to Gary Sehgal’s question if your looking for these sort of returns (or better) start looking in major regional cities, or regions around capital cities.
I’m not going to just name a few cause there are literally hundreds out there. Get on realestate.com and look at prices compared to rents of similar properties(hint look in…[Read more]

Michael,
sorry, but after hearing Stuart O’Neill’s talk at the APIM seminar I have to dissagree(previously I would have agreed 100%).
No one likes a legal battle and therefore if a property has appreciated (chances are a vacant block will) they are unlikely to take any actoin other than to sell it off at a higher price.
The chances of not selling…[Read more]

AD,
In short no it’s not!
In reallity I would be much better off selling it, BUT my parents live in it and love it. The main reason for me getting into property aside from the fact that I love it, is to set my parents up to live in the manner that I feel they deserve, part of this is living where ever they wish.
So I figured that I’d try to make…[Read more]

Hi Soosh,
It was great to finally meet you on the weekend.
Ive been a bit of a scardy cat all my life, not in the sense of physical things like heights or speed, but of a less tangible thing, I think its failure, but it includes rejection and other issues that I guess are all forms of failure.
In the past six or so month Ive been looking at what…[Read more]

Dear Maximus,
I’m only very new to this whole proprty thing, but I’ve found that its easier to find positve cash flow properties in the lower end of the market. I’m buying two at the moment, both under 100K and returning about 12%.
with the money you have available you should be able to get quite a portfolio together look in large regional centres…[Read more]

creative,
my understanding of the stiuation is that you can claim interest payments on any IP. Therefore when your current residence becomes an IP, you can claim any interest payable on the amount owing on that property. It might also be an idea to sell the property to a company or trust that you comtroll, thus allowing you to claim interest on up…[Read more]

Hi All,
well 48 hours later my head is still spinning!
firstly thanks so much to Steve, Dave, and all the crew it was an amazing weekend (I’m still recovering![|)]).
I’ve spent every spare moment on the phone running up that bill,and already pin pointed new areas close to home that i,ll be checking out later in the week. Who knows I might even buy…[Read more]

willi,
I used that exact stratergy on a property that I have recently purchased.
I paid the vendors asking price, which was more than I felt the property was worth in it’s present condition, knowing that once renovated it would rent easily and give exelent returns. So I made a long settlement , low deposit and access prior to settlement,…[Read more]

Nathan

Its amazing i had the same thing happen a number of times , and the info i gained was invaluable.

I also asked what i would have to do to make them happy to pay a small rent increase and most listed small things such as repainting or an air conditioner. Niether cost much and both increase the value of the property.

cheers
Scott S

“Aim…[Read more]

Quentin
Please dont mistake the reasons for my questions.
their purpose was for me (and others) to understand where your at in your investing career. your obviously doing well from your investments, so your methods have worked for you.
I did not in any way intend to offend or belittle you, only to establish your credibility, which I have done…[Read more]

Peter,
The research that ive done indicates that rental prices are linked closely to the demand for accomodation in an area. Rental prices increase sharply when there is a high demand for short to mediumterm housing , such as in mining towns where yields can be as high as 30 -40%. These high yields come at higher risks because factors such as new…[Read more]

Hi Dave
Ive just put in my first two offers ever!
I taked to the agents about the vendor and their needs, eg how motivated they were. then from the info gathered submitted offers in writting.
one was close to asking price with a low deposit and long terms, because the owner is in no hurry to sell. the other was a fair way below asking price with…[Read more]

quote:
How many of you are retired??
My guess is none! Prove me wrong

Are you Tails?
Im working towards it!If you do the sums on these properties yes ill need to buy about 70 to give up work! but these are not the best returning properties ive found just the best located , with the most stable incomes.
PLEASE fell free to DOCUMENT (i want proof,…[Read more]