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  • Profile photo of shade121shade121
    Member
    @shade121
    Join Date: 2005
    Post Count: 8
    October 4, 2005 - 11:36 am

    Hi all,

    As of next year I will be living in Sydney however my family lives in Ballina which is only a short drive away to the Goldcoast.

    If you all are planning a meeting during Dec 24- Jan 10 Please let me know.

    I am an eager learner but a novice when it comes to investing in property. I have one property and looking to acquire more in the future and I’m sure if I could get to one of these meetings there will be a wealth of information to learn.

    Profile photo of shade121shade121
    Member
    @shade121
    Join Date: 2005
    Post Count: 8
    October 3, 2005 - 12:12 pm

    Hi all,

    Again thank you all for your replies. I am still working towards the goal of purchasing my second property around mid to late next year. Although I will have a high LVR, I hope with a good contingency plan in place incase things start to go wrong (ie money set aside incase I lose a tenant) and with the right research and knowledge I’ll be able to invest confidently in my second property. I am erring to the side of caution however as life experience has already taught me never to rush.

    I do have some questions as to what is meant by ‘the right structure’ I’d like to know because I dont understand, specially regarding books on companies and trustfunds. Sorry.

    My reason for investment is for capital growth and have long term goals 10-15 years in mind if that applies to what you mean by structuring?

    Sorry Bradshaw but I also dont know the joke of the old bull but would love to know.

    Thanks again all, and please continue with your thoughts and advice.

    Profile photo of shade121shade121
    Member
    @shade121
    Join Date: 2005
    Post Count: 8
    October 3, 2005 - 12:15 am

    Hi all,

    Ok I have taken the first step and spoken to my broker. She has informed me that I will be able to purchase another property 100% plus costs up to 200k. Aslong as both properties are rented out. ‘Aslong’

    Now I’ve run some rough figures and I believe I can do it, but it does look like I’ll be doing it tight for a little while. I’ve been reading alot recently and I’ve found that most successful real estate investors have always talked about there research.

    Where does one start with research? I mean I go on the net and spend hours looking for the right house that meets my prerequisites. I ring the real estate agent and have a quick talk to them about the property, upkeep costs etc. Does anyone have any suggestions for research? and comments on some of the products Steve offers? I have been thinking about investing in some of them..

    Would love your thoughts and advice :)

    Next step Derek?..

    Profile photo of shade121shade121
    Member
    @shade121
    Join Date: 2005
    Post Count: 8
    September 1, 2005 - 9:01 am

    Dr-X

    So do you manage your own rental properties? I believe can manage my own property but what would I need to do so?

    Where would I get the right forms eg Tenant applications, contracts etc etc. Could you or anyone please help in me setting up and managing my own property.

    Profile photo of shade121shade121
    Member
    @shade121
    Join Date: 2005
    Post Count: 8
    September 1, 2005 - 8:52 am

    Pro Active

    Could you post the link to your article? Browsing through the forums of your site I cant seem to find it.

    Thanks for everyones replies

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