where’s the canberra dinner being held?
just pm me with the details and i will attend.
thanks for the invite!
cheers
shaun

Lead, Follow or get out of the bloody way

i bought in darwin september last year. you only need the abs stats to tell you darwin is growing quite quickly (CG 8% last quarter, 4.2% in april). that and the nt gov sights say the same thing. i own a 3 beddy unit in larrakeyah (cbd area) and yes there are a lot going up in that area, targeting the “southerners”. i bought across the street…[Read more]

i love doing no money down deals. i love the idea of not using my own money. unfortunetly eventually you can run out of equity. so i save save save for a couple of months then go looking for ips again.
cheers
shaun

Lead, Follow or get out of the bloody way

i am in canberra, but will be in darwin on the 7th and 8th of june. i have one IP up there and would be glad to give you any advice on the troubles i had! especially PM’s and conveyancers
just let me know
cheers
shaun

Lead, Follow or get out of the bloody way

in fasttrack 2, i would like to hear more on how they are doing it right now.. not 3 – 4 years ago. i would also like to hear on any new rules or variations on what they are doing different now compared to 3 years ago. that would be very valuable information, and i for one would buy it.
just my 2 cents worth
cheers
shaun

Lead, Follow or get out…[Read more]

i know you can buy the electronic version. its absolutely great. i play it all the time and can now get very creative with the deals, especially the shares. of note is buying 1 million shares at a dollar a pop, will crash the computer!
shaun

Lead, Follow or get out of the bloody way

nah, the guy is just happy getting hold of the things and flogging them off. they are just sitting on his property gathering dust.
i’ve just got to get the shed for the right price now (about 30k less than he’s asking)
oh well, i can only ask.
shaun

Lead, Follow or get out of the bloody way

i live in queanbeyan, and i seriously think prices are still over inflated (thank god i bought here 3 years ago). there is a brand new block of units across the road from me, been on the market for 8 months and none of them have sold, next door to me, same thing. one bedroom units being attempted to sell at 120k +, i think we are in for a large…[Read more]

if you are looking for a quantity surveyor, look in the yellow pages under quantity surveyor. i know there are some in wagga, but i havent had to use any of them. i dont own property in wagga but my parents still live there. if your accountant doesnt understand depreciation etc, i would strongly suggest you find a new accountant.
i used the…[Read more]

wrappack,
i have to agree with you on this one, if people havent done their due diligence then there will be blood. i truly hope no one from this forum gets done over, but i can see alot of inexperienced people getting hurt (the mums and dad investors). on a happier not though, darwin prices rose and 4.2 percent this month!… yay i have an ip…[Read more]

dont worry about it, ive found a mob in the riverina that have them for sale, i even got a discount! for information an 8 foot shipping container is 1900 dollars plus gst. you also have to pay for shipping, but as its only 2 blocks away from my storage facility i should get that on the cheap as well. now i have to figure out how to get approval to…[Read more]

i agree with you gatsby, i prefer to find my own IP’s, otherwise you wont really learn anything. in saying that i am currently in contact with russh to see what he can offer.
at the moment i am turning my PPOR into an IP (pos cashflow of course!) so am running around renovating etc.
cheers
shaun

Lead, Follow or get out of the bloody way

i smoke and i drink, but i keep myself on a budget, i use the rule “pay yourself first”, the money left over is mine to spend. thats not to say i am down the pub every night, far from it, once a week/fortnight and even then its to the bowling club for a couple of hours where the beer is cheapest in town. i dont gamble, i cant stand pokie…[Read more]

thats right 8% finders fee, plus all your normal expenses. billfromoz expressed concerns about two tier marketing over there for ozzies, just like queensland is at the moment.
just my 2 cents worth
shaun

Lead, Follow or get out of the bloody way

If you have the discipline put the $100 or so it costs per month to have hospital and extras cover into a high interest account and save it for the rainy day

i agree, save the money and put it where it will work for you, should you have a big hospital bill, then just pull out what you need. thats all i do!
shaun

Lead, Follow or get out of the bloody way

i have used the 100 offers to find one theory, and it is very time consuming, but i look at 100 properties find maybe 5 – 10 that fit the criteria then make an offer, never low ball but certainly has to be pos cf. i’m finding it very hard at the moment in nsw, but then again i havent been looking too hard. am off to SA to have a look see there,…[Read more]

i know of one agent who does that here in canberra, in fact they dont sell houses at all. just do rentals. from what i understand they are great to do business with.
i guess you just have to ask around on this forum, for the area you are looking for a PM. someone here is bound to be able to answer you.
cheers
shaun

Lead, Follow or get out of…[Read more]

just be aware, that for fully furnished ip’s the REA will charge you more for property management.
i have a fully furnished ip (not a holiday rental)and it does not have linen, cutlery, rugs etc. just lounge, beds, dining table, washing machine, dryer, dishwasher. i dont think i would be game enough to put cutlery etc in, as they would…[Read more]

i had a look at them, and they do seem pretty genuine, i havent bought any property from them, as i spoke to billfromoz about it and they charge around 8% finders fee, and although they will help you with your due diligence, according to them the properties go so fast that you wont have time to actually see them before signing contracts. that and…[Read more]

i have a funny story for you, i live in a block of 6 units. myself and one other owner/occupier got new quotes about a month ago, valued at 195k, the third owner/occupier found out about this and refinanced her loan as well, her value came in at 185k, all the units are the same, and in fact hers is the nicest out of all of ours.
am off to the bank…[Read more]