Personally, im just making adjustments to my team, and saving as much as possible. only one thing left to do, which is refinance an Ip in darwin june next year (capital growth 38% last 3 months).
Im also still running around learning everything i can…. waiting for the moment to strike. there may not be blood on the streets, but when the media…[Read more]

from my understanding this is how it works.
bought a IP for 100,000
deposit 20,000
you owe 80,000
in 6 or 12 months time capital growth goes up 10%
new value of property 110,000
refinance at 80% of loan give you 88,000
pay off original loan 88,000 – 80,000 give you 8000 dollars to use as deposit on next property.
things to look out for doing it…[Read more]

I went to the property direct intro night here in canberra a couple of weeks ago. not that i wanted anything, its just that my boss wanted to buy.
i took a couple of their phamplets with me and from what i could tell was this:
1. IP relied on neg gearing pos cashflow.
2. No strata management in place, ie those numbers were’nt added in.
3. They…[Read more]

darwin has already boomed, heres the web pages etc
http://www.news.com.au/common/story_page/0,4057,7830102%255E13569,00.html
and
http://www.personalinvestor.com.au/stories1/20031101/pdf/cities.pdf
this last one should give you an idea where to buy.

This is my thoughts on it, and id appreciate anyone to correct me if i’m wrong.
replace the carpet, try and get some on the cheap (second hand places). basically fix up any problems, not to the extent that its in brilliant condition, but most definetly livable and rentable.
then get a depreciation schedule done. you will then be able to claim wear…[Read more]

I’m not buying now, but if a deal comes along, i will. i’m also a bit more selective in my choice and adding a bit of risk management into the plan. “just in case”

im going to the 2.5 hour seminar monday night here in canberra. my boss is interested in getting into property so ive conned him into coming along. from what ive read on this forum its only a repeat of whats in the book, but what the hell, i’ve never heard him before so it is worth it just for that. and maybe just maybe my boss wont be conned into…[Read more]

ive spent 2500 on a investment course (the richmastery one) i’m sorry that i spent that much on a course, but i’m not sorry for what i learnt. the course gave me a greater understanding of what is needed to invest in property. since doing the course ive found out alot of valuable information.
for example, i had a pos geared property 3 years ago…[Read more]

sounds like you’re in a bind!
here is a web page by the self proclaimed only honest real estate agent “if you dont do it my way it must me wrong” jenman.
he talks about the property escalator
http://www.jenman.com/NewsQuestions1.php?id=65
i know its not much, but it is food for thought

i’ve found their numbers are not quite correct. ie they only put down one weeks vacancy a year, so you would have to check that. also legal fees.
i havent bought from them, but i do have their software and my numbers come out a bit lower than theirs. also they are neg geared positive cashflow. if you have the software you can do it yourself.

there is a fence around it, its just that the pool isnt on the plans. rang the council about it but they dont know anything about there being a pool there.

try this mob
http://www.rentcover.com.au/interimapply.html
give them a call, i’ve found them pretty good.
for 306 dollars i’m fully covered
enjoy
shaun

lazy buggers,
alright… i will run off half a dozen copies today, for anyone that might want a copy and is turning up saturday.

I agree, get yourself financially literate, keep reading this web site, ask questions if you dont understand what someone is saying, and read, read books ALOT. if you dont understand what they are saying in the book ask questions. alot of people here would have read the book and can answer your questions.
dont jump in, ie if you refinance, do you…[Read more]

k
you are absolutely correct. i have a friend who was going to buy his mothers house (she’s on a pension) as she couldnt afford the repayments.
the agreement was he would own the house but she would live in it till she died. they went off the the pension mob, who told them that she would lose 60 dollars a fortnight, not sure why, something to do…[Read more]

Kay,
I absolutely agree with what you said about being in different places in our life, you said it correctly in a nutshell. (wish i’d said it)
i guess you cant help anyone until they want to help themselves.
i remembered the correct saying too.
if you always do, what you’ve always done
you will always get, what you’ve always got.

Yet again, ive learnt another important lesson. ring the mobile number! wish i’d know about this web site, 12 months ago, would have save me a world of greaf (is that how you spell it?)

i have a problem with body corp, my own bloody fault.
found out body corp, council rates etc.
as i had bought in darwin, hired a conveyancer rather than a solicitor to check everything for me. i rang local council etc to double check what council rates were etc, but left it to the conveyancer to check body corp.
any way the stupid cow didnt tell…[Read more]

I have an example of choice for you,
i am dating a 30 yr old lady with a 6 yr old son. and i love them both dearly, my girlfriend (kylie) comes from a working class back ground (as do most of us i assume) any way she has 20 k in the bank and wants to buy an IP. she is in no way financially literate. i mean she is really hopeless. any way ive…[Read more]

As always bill you are a wealth of information.
cheers
oh yeah as per that software you are after, am getting it done tonight so will mail it to you tomorrow. sorry it took so long.