I have emailed bill a couple of times and find him vey genuine in his concern for others. Its amazing what you can pick up from him. I’m very gratefull that he’s helping me
Bill- I will get that info you need to you soon

quote:
Pin,
Speak and I will listen,
Every time i learn something i find there is more to learn. I am always happy to learn.
Lucky Phil, I agree with everything you’ve said.
go get em!
shaun

I agree! I bought my first property in Queanbeyan 4 years ago. it was pos geared but i didnt know it! books will only teach you enough to know what to do next, not “how to”. Stop bleating about books not teaching you everything. I’ve found after each deal either sucessfully or not (more often not) i write down what went right or wrong and amend…[Read more]

It was good to see you all. at least now i can put a face to the name’s on here.
Have you tried to load the software yet?? do you think its any good?
if you have any problems with it, just let me know.
[]

I understand you’re confusion, its a bit hard at first. i have done exactly the same as you. firstly the person who told you it would confuse your accountant, do they invest? do they have a LOC account set up, probably not.
What i have found out before setting it up myself is, keep all receipts, and i mean everything you think you may claim.…[Read more]

I totally understand what you’re saying. I have software that works it all out for me before i even put a bid in. This give me a fairly accurate account of how much i will get a week. I still have to crunch the numbers everynight but the 100 – 10 – 3 – 1 rule still applies. (where you crunch the numbers on 100 properties, 10 get you interested…[Read more]

I dont like the sounds of “we will still be there when you finish work at 6”, damn will have to cab it there. I wont bring the laptop, i wont be in any fit state to breath little less look after it. will see you all there.

I’m happy to go wherever everyone is going to be.
I will see you all at Olims saturday. I will have a briefcase with me, as i would like your opinion on some software i got.

I mostly use the internet, but with a twist.
I am currently looking in wagga (NSW) for property. and i look for houses and units with my selection. Usually they have an asking price which i check against the Residex that i bought for wagga. so if they ask 88k for a 62k house (which happens alot on the net) i know that when i ring, whether they…[Read more]

Damn! the map I used must be out of date! dont you hate that.
Thanks for everything guys, i do believe you when you say the uni’s not there anymore. Its my own fault for not doing further due diligence, rather than relying on a online map!
I rang Elder’s up there today to find out whats happening with the house market, and they told me its gone…[Read more]

God i hope you’re wrong about the Uni!
here is a web page (whereis.com.au)
which shows houston St (where i bought)

http://www.whereis.com.au/search/result.jhtml;$sessionid$HKVFDBCMALAA3S0Z2WKSDSY?_DARGS=%2Fsearch%2Fsearch.jhtml.2

as for area’s i’d not go near, i agree with erika.
though i would add ludmilla to the list as there is an aborginal…[Read more]

I actually went to their seminar in August (cost a small fortune). I learnt alot, but yes you could learn it all from books and other people, but at the time I didnt know much about real estate. It was basically a crash course in real estate, got onto some great contacts (for those of you here in the ACT) like accountants and bank managers who…[Read more]

How do you know if its a mortgagee auction?
I’m assuming that they would advertise it as such, but is this always the case?
If not how do you find out, ie can you get on a notification list or something to find out?

The agents werent abusive, they were just less than polite about the offer’s i had put in. This was mostly LJ hooker up there, by the sounds of her she was some old lady having a bad day.
as for the Uni heres their web page
http://www.ntu.edu.au/
So yes there still is a Uni up there!
As for management fees, what agents were offering them? I…[Read more]

This is your lucky day!! i have just finished purchasing my first IP property in darwin.
there are good area’s and bad, its pretty hard to explain unless you’ve been there.
Plenty of high cashflow properties as long as you stick to the 11s rule.
be aware though that management fees are 10 to 12 percent. I tried negotiating it lower with little…[Read more]

Disregard, I have spoken to the bank manager and i do have a redraw facility. The reason for such high % rate is due that i have to pay mortgage insurance for 2 years before they will set me up as a professional investor.
Thanks to everyone who answered my questions. I guess i just got confused with all the numbers i had.

I am happy to go anywhere, anytime.
I’m a public servant with 20 hours of flex time up so I can do lunch on a weekday, or drinks on a weekend, whatever you guys and gals decide I can make it.
I have some great software (not steves) that is great for calculating depreciation etc (cost me a fortune) would like to show you all and tell me what you…[Read more]

will get back to you once i sort this out with the mortgage broker i went through. It was my understanding that i could pay this 36k out and then use redraw facilities. will let you know.
If (as i suspect) she has loaned me too much money then i wont care about the cost of paying it out as i dont want to have people handling my money that i have…[Read more]

quote:
I dont really care where i live at this moment, I would be happy to live in a cardboard box if i could get away with it!
I am assuming PPOR is purchase property (is the one i live in)
to pay it out would leave me with little savings to purchase another IP and i was thinking with a couple of IP +ve cashflow, i could easily pay out the owners…

[Read more]

Thanks for that Mel,
I will fill you in on a few more details.
I intend on buying more property +ve geared to counter the IP in darwin.
At no time do i intend living off a credit card as i am currently employed and saving every cent towards the next property.
I think the problem i have is, to make the 183 a month positive cashflow, My savings will…[Read more]