Thanks Wayne, sort of makes it a little clearer.

Anyone else with an explanation?

Success is 1% inspiration and 99% perspiration.

???

Pretend I am a two year old. A very smart two year old…

Can someone please explain this theory a little more and chuck in a few calculations to show an example.

Cheers
Steph.

Success is 1% inspiration and 99% perspiration.

Well here is another money saving tip from me…
“DON’T LIVE IN ENGLAND!!!!”

Success is 1% inspiration and 99% perspiration.

Makka,
go to the resources part of the page and buy buyer beware. It is a set of templates that you can use to sus out a property. It has a good financial template which helps you figure out the expenses associated with the property. It owuld give you a better idea about the cost effectiveness of it.

It $60 but well worth…[Read more]

I don’t know about the legals or anything like that or even the costs, all I am going to tell you is that houseboats are the next best thing here in UK.

There are droves of people gettinginto it and are paying exorbitant amounts of money for a floating home. The docking costs would be a fair bit I would think, plus think of the type of insurance…[Read more]

Thanks Rita and Enjoylady.
I appreciate you taking the time to answer. Sometimes it is good to hear and outsiders point of view of things. The late night posts are coz I am 9 hours behind you!!!

I know I could survive without Cremin for a few weeks coz we have done it before. It is hard, but the outcome could be a lot better.

yes I…[Read more]

[]
Me a teacher too!! U high or primary? Me primary. Thinking of doing my middle school degree so as to branch out into the private high schools that have primary and high school on the one campus.

I don’t like teaching here in UK though. It’s not the kids. kids don’t really change from country to country, it is just the eduation system. It…[Read more]

Ha ha! Good one muppet. We just checked out the photos of Perth’s skyline we have here (From when we were just at home in April) and it is definitely PErth. All the buildings match up!

Thinking of popping over to NZ next year when our mates end up going home. Would probably use that as a good chance to check out the south island for…[Read more]

Sorted! So it isn’t Melbourne, definitely not Sydney and I know it aint Brisbane, so that only leaves Perth coz Adelaide is as flat as a baby’s busom…

Woohoo it is Perth! I am so proud. I feel like I have won an award… Sob Sob…

Me going a little nuts at mo. Not working killing time… bored out of my mind… hence stupid string…[Read more]

JoC,
Could you not instruct the renovation from your new place of residence? Ie, give a mate your keys and when you have ask a tradesman to do something, get them to visit your mate for the keys.

I think it was minimogul that renovated a house without even being there?? (Correct me if I am wrong there…) It can be done. The quicker you finish…[Read more]

YEah, Cremin and I have been discussing what sort of loans we will be wanting for our properties (All theoretical at the moment…[]) and have been tossing up both ideas.

The conclusion we came to was, we would probably use P&I loans to start with, provided there is leeway with the income coming in for those unexpected expenses, but would…[Read more]

Oh! Morley! HArrowing! NOOOOOO! hee hee. I am from morely myself! My parents are still there after 30 years! Right across the road from the galleria. THe cool thing is, they also own the house next door and they were offered a paltry amount for their houses coz it could get commercial zoning (Doctors…) but they told them to stick it where…[Read more]

Wilandel,
I found this string and was wondering which way you are leaning towards now seeing as you are on the mentoring thingy with Steve.

Did you decide interest only, P&I or LOC? Tell us how you came about your decision too please.

Cheers
Steph.

Success is 1% inspiration and 99% perspiration.

Elysium-M,
You heard about Tranby-on-swan too! Ha ha!! Bad bad publicity for an area that should be a lot better than it is. Unfortunately, I think it still does attract pretty awful people to that area. WEll the bayswater side of Guildford road that is. THe other side of guildford road, the river side, is a much better area as it doesn’t…[Read more]

oh ok. Well if you live in the area of course you would know whats going on etc etc. Units eh? So do you think you would actually get around to building them at all?

I like the idea of building, it is just the time frame that does my head in. The builders say 6 months and it takes a year. Grr…

Steph.

Success is 1% inspiration and 99% perspiration.

So had you not seen inside or anything? DId you have a building inspection report done? How did you find out about it? ANd, where was it located?

How much do you think you will have to spend on it to make it what you want it to be?

So many questions, I know, but I am always so curious about auctions and can’t wait for when Cremin and I want…[Read more]

Brilliant Victoria!! Congratulations on winning the Auction. Tell us about it the tension, the excitment etc etc. More details!
Steph.

Success is 1% inspiration and 99% perspiration.

George, no-one is going to tell you were to look coz they will be looking in that area themselves. It is up to you to troll the internet for properties! there are lots of opportunities in WA, you just gotta find them.

Steph.

Success is 1% inspiration and 99% perspiration.

Kelly,
it isn’t in those bloody awful blocks down on Tranby-on-Swan is it?

Some of the units in Maylands are brilliant, others are blomin awful!

I don’t know that the units would be cash positive. I did a lot of research in Maylands about a year ago and the rental returns were not that brilliant. THe standard of tenant could be questioned too.…[Read more]

Aww I thought you wanted to chat to someone!

Success is 1% inspiration and 99% perspiration.