Forum Replies Created
Where are you?
It’s different for different states.[blink]
Regards,Sharon
Hi Steve2,
Here’s the book review thread that might interest you…
https://www.propertyinvesting.com/forum/topic/6845.htmlThe teacher arrives when the student is ready[biggrin]
Regards,Sharon
Hi pocketscience,
You could no doubt do it yourself if you have time, (?) running a company and with a new bub on the way (CONGRATULATIONS)[baby]
or you could use a buyers agent and tell them what you are looking for, or you could use a company who specialises in that sort of thing as you suggest.
Here is a link you might want to check out, I haven’t used them so its not a recommendation, but I have heard some good reports. IMHO they look extremely well organised.[biggrin]
http://hunterhousehunters.com.au/
Regards,Sharon
Hi noidea,
What is the private study you are about to complete?
You say you are already in management and are about to finish your apprenticeship and graduate.
So have they been paying you apprentice wages whilst you have been in a management position?
Is management part of the apprenticeship? Are you able to continue in a management role after you graduate? Could you clarify those Q’s for me please. I’m mostly just curious, but they also have a bearing on your ability to get where you want to go.
If you are in a management position & living at home with minimal expenses, you should be able to save like crazy for a tidy deposit. They call it delayed gratification.[biggrin]
Sorry to disagree with you crj, but
IMHO noidea, please don’t ask your parents to go gaurantor for you. If something unforseen happens (you loose your job, have an accident & are unable to work, etc) it will most definately fall on them to make the repayments. Would they be able to? They may loose their house/life savings, depending on their position.
Besides I’m betting you want to stand on your own two feet anyway, right[biggrin]
I think you have the right idea about jamming the coins in the piggy bank, yes sir!
Go your hardest for 12 mths or so. Be focused, and dedicated about your savings. Then with proof of a solid savings history, the banks will be willing to talk turkey[thumbsup2]
In the meantime you have the perfect opportunity to learn as much as you can about property investing (it’s a never ending process, but lots of fun[happy])
May I suggest you visit your library or bookstore and read as many books as you can, keep visiting these forums, talk to like minded people – you get the idea.
Steve McKnight, Margaret Lomas books & others will give you a good grasp of Positive Cash Flow (+CF) properties. On the other side of the coin is investing for Capital Gains (CG) not necessarily +CF. Peter Spann has a book out about this called $10Million property portfolio in 10 yrs. Its a great read also, and together with others will give you an appreciation of what choices you can make and where you will feel comfortable investing.
A bit long winded, but hope it helps[biggrin]
Regards,Sharon
Thanks Martin,
LOL [laugh4][laugh4][laugh4][laugh4]
I’m a ex Kiwi too. Man if you can’t laugh at yourself……..?
Keep talkin the talk cuzzie bro, you’re a crack up!
I gotta take a copy and send it to my family. Some of them are Pakehas, some of them are Moari, some of them are Islanders. And I’m sure none of them will want to meet me down a dark alley [biggrin]
Regards,Sharon
Hi Cyclone,
There is some info regarding clauses relevant to Queensland, here…
http://www.gmlaw.com.au/hints_wording.html
Regards,Sharon
SALACIOUS & GoGirlGo seem to be fed up with foundations derogative, condiscending, and argumentative posts.
Add me to the list. [realsad]
Sharon
Steve gives us some good info here about LIM’s…
https://www.propertyinvesting.com/forum/topic/15064.html
Regards,Sharon
Maybe this one…
http://www.realenz.co.nz/
Regards,Sharon
Here’s some nuts & bolts, get your hands dirty, real life research you might be interested in…
http://www.somersoft.com/forums/showthread.php?t=18255&highlight=quiggles[offtopic] Lets get back to some constructive comments to assist nowork.
Sharon
Torachan,
Did you miss my point about learning, learning, learning?
Nowork is obviously noidiot, don’t treat him/her as such. What is the purpose of such a condiscending reply?[angry2]
In your words…
It’s a world wide thing so don’t worry you’re not alone.
Suggest you ask someone who is investing in the U.S. or China at the moment, don’t think they would agree Torachan!!![blush2]
Good Karma to you,Sharon
Hi Dan,
Suggest you might like to have a read of:
‘An Intelligent Guide to Australian Property Development’ by Ron Forlee.
I bought a copy of it through the Aust. Property Investor magazines online bookshop.
It’s an eye opener [bigeyes]for the novice developer and is an easy read.
Here is the link if your interested…
http://www.businessmall.com.au/cache/header-18public__0-0.html?cache=no
Regards,Sharon
Hi Rick,
You might like to check out this link and Scroll down the page to course No. 17339. Its the OTEN site (Open Training & Education Network) you can do the course online.
It might be appropriate for your purpose, check with the Real Estate Institute in your state first. Good Luck!
http://www.oten.edu.au/oten/study/courses/CILS/lettersearch.cfm?letter=p
Regards,Sharon
Still in School,
Thank you to people like styla2001 who ask the questions, and people like Still In School who take the time to answer them.
Many others benefit, including myself. Obviously we are all at different stages of learning, and your intelligent answers and excellent information are much appreciated.
Thanks again sis,
Regards,Sharon
Hi Afghangirl,
I thought you might be interested in a book called ‘An Intelligent Guide to Australian Property Development’ by Ron Forlee.
I’ve just started reading it myself, so far it’s very good and easy to understand. You can get it online through the Aust Property Investor magazine online bookstore. Here is the link if you are interested:[biggrin]
http://www.businessmall.com.au/cache/header-18public__0-0.html?cache=no
Regards,Sharon
Answer:Machu Picchu, for those who are interested here is a link: http://gorp.away.com/gorp/location/latamer/peru/machu.htm
Question:
If you knew what you know now, when you first started in property investing, what would you have done differently?Sharon
Hey Chuckles,
Do you mean you want to BUY sometime within 36mths, OR do you want to BUY AND SELL within 36mths?? [confused2]Not much chance of CG with 36mths if you want to get in AND get out.
So I assume you mean you will buy within 36mths and HOLD for CG sometime in the future[nice]
If my assumption is correct, you might like to read (if you haven’t already) Peter Spanns book: $10million property portfolio in just 10 years.
It teaches you how to identify areas which are set for CG. I found it very interesting.
Regards,Sharon
Hi Sue,
This link might interest you… I haven’t used them (a bit pricey for my pocket) but they look highly organised. They operate out of Newcastle NSW but cover the whole of Aust…
http://hunterhousehunters.com.au/
Regards,Sharon
Wow, you are a switched on young person!
You have the basics already – a job & and a great savings record. Well done[thumbsup2]
Next step I would suggest is to see a mortgage broker to establish how much you are able to borrow.
Building wealth in property usually requires a long term strategy as you are probably aware. Although its possible to make good money fairly easily during a boom.
I would recommend starting with residential property, and learning lots, before trying more high risk investments such as commercial property.
Positive cash flow properties may interest you and Steve McKight has his great books on that subject, if you haven’t already read them.
Purchasing for Capital Gains is another option (not necessarily +CF), and Peter Spann has an interesting book on that subject called: $10Million Property Portfolio in just 10 Years.
There are other great books on property investing, and I would suggest you read and learn all you can, and come to this forum often – its a great learning tool too.
Sorry to carry on about learning, learning, learning [blush2], but as you gain knowledge you will able to choose the type of property investments that you like and are most comfortable with, rather than just be willing to invest in anything.
Best wishes for an early retirement[biggrin]
Regards,Sharon
Made me look tooshocked2]
Yeah, a gimmick maybe, but also a great tool for those in the community who have maxed out 2 or 3 or more Credit Cards, and are looking for a way to seriously reduce the outstanding balance in a hurry. Will probably be a very popular product given the amount of personal debt in Aust.[confused2]Sharon
