Hi Gatsby
As Mini has pointed out, it depends on who you deal with.
I am a licensed buyer’s agent and provide due diligence reports (written and verbal) of the areas in which I am finding properties. Others may do this verbally, or just pass on a deal and let the buyer do their own due diligence.
There are a number of people out there (not all)…[Read more]

I have been to and bought a number of seminars and Steve out-strips them all by miles in value for money. The info is great and as Robert has mentioned, the networking is great too – the value of which should never be underestimated. Steve has also said that next year’s seminars will contain different content to this year’s,. There’s ALWAYS…[Read more]

Hi Pressic

Good advice from Robert. Set your goals and decide what you are comfortable doing (reno’s or otherwise, locations, etc), then go ahead and look for a deal that suits.

Theory is great, but it won’t make you money. It sounds like you’ve been gathering theory by the bucketful, but need to apply it now. Set general limits on where and…[Read more]

Hi guys

I also was at both the October and December seminars and the Ah-Ha moment for me was when Steve first looked at the idea of increasing purchase price by increasing rent.

I am now applying this to one of our IP, so maybe a practical example willhelp some of you understand…

We recently signed new tenants into our house on a 12 month…[Read more]

I went to uni in Armidale and still have friends I visit there. It’s a great place to live (because it isn’t industrial), but I’d wait a few years for it to be a great place to invest. My opinion is that you have missed the boat on this one. I was up there a couple of weeks ago visiting friends and looked at property, but the returns are pretty…[Read more]

If you find a fantastic deal where the numbers stack up, then why wait? If the deals you find are so-so, then wait for a goodie. There is no need to rush. Opportunities are always out there.

Having said that, the mastercalss is excellent in that you not only get great info but you also get the opportunity to network with others doing the same…[Read more]

I would strongly recommend Steve’s masterclass as well. Very little cost in comparison to so many others and a great opportunity not just to pick up info, but to meet other like-minded people and network together.

If you need to wait a while before buying again, use the time to get educated…

Good luck.
scotty3

Local councils and chambers of commerce can help. Many councils have demographic, economic and future delelopment data which can give you a picture of what is happening in the town.

Cheers,
Scotty3

It’s just like people have said before – do your research and have an exit strategy in place BEFORE you buy. I will buy in small towns but won’t hold for too long (one to five years before serious review). I have considered how long I will hold before I sign anything.That way you are minimising your risk.

Likewise, rather than just buy-and-pray,…[Read more]

There are always good deals if you know what you are looking for, but I can only strongly suggest again that you come to Steve’s seminar on Sunday before doing anything else, if you possibly can – too much in it to tell you specifically why you should.

With CG less than what it used to be in many areas, including some parts of Newcastle and…[Read more]

You can also try this link:
http://www.reports.rpdata.com.au/

Cheers,
scotty3

Hi Landt
You can advertise the property for sale once you have signed a contract on it. You can also show people through it before settlement by writing a condition in the contract that allows you to do this (usually after the contract becomes unconditional to the purchaser).

If your solicitor knows it is being on-sold, he/she will usually just…[Read more]

Hi Clarebear
Welcome to the forum!
A couple of places to look for data are Residex, RP Data, REINSW (all of whom have websites). You have to pay for reports, except for a limited free service with RP Data. If you can find a couple of decent real estate agents they can help too (though pick who you believe!).

If you are new to the investment scene…[Read more]

Did you know there are around 4000 different lenders in Australia? Don’t let one or two ‘No’s’ put you off.

All lenders will want to see that you can manage your finance, so it helps enormously to go to them prepared. Have your tax returns ready to present, but also have a list of current income and expenses per week/month (Cash Flow Sheet) and a…[Read more]

Hi PropertyPlus
Welcome to the forum!
I’m not quite sure what you mean by ‘Qld’ – it sounds like you are not one to venture out of the capitals, so does ‘Qld’ include gold coast? townsville/Cairns? etc?
It would pay to do some thorough homework in light of the softening market in most (but note, not all) places. New apartments you are looking at…[Read more]

We are in agreement, APerry.

Your architects are doing something similar, but different to straight bird-dogging. In fact, I wouldn’t call what you do ‘bird-dogging’. More power to you – there’s nothing wrong with networking!
[biggrin]
scotty3

Originally posted by APerry:
The fair trading act states that you can’t act as an agent. You can act as a bird dog, as long as what you are doing does not fit the criteria given for this definition.

You just need to be careful with how you act. An example is architects, some of whom generate work by taking potential projects to their clients, in…[Read more]

The tax break on the 6.5% you are paying. [suave2]
12% isn’t bad for starters. Your money is not leveraged though. You could buy a property yourself using the $40000 as deposit and possibly make a higher return…. depends on how ‘active’ you want to be with your investing. I can recommend Rick as a sound businessman if you’d rather have someone…[Read more]

Yep.
New huge multi-national has come and bought the mine and there is a new life to the place. Hundreds of new employees are being brought into the town and they have to live there (no fly-ins) with their families. Big housing shortage at present.

Govt buildings were refurbished in the last year (govt won’t spend money like that for no reason)…[Read more]

I watch what they banks offer with fixed interest rates – they don’t get it wrong too often. Right now, that would suggest there is still some breathing space before any great interest rate hikes- though they have to come some time, so there’s no room for compacency!

Cheers,
scotty3