I saw the TT piece, congrats to all MAPPERS who have persevered and are building the skills to acquire RE and grow their income until they eventually will be financially free.

I was surprised, though at the snapshot/grab regarding wraps. It created a perception in my mind that Steve thought they were unwise, and he wouldn’t ever do them/doesn’t…[Read more]

Hi,

One of my best friends invested in several homes in Deception Bay 4-5 years ago and they have had spectacular growth as in 150%. Land particularly in the last 12 mths.

Has now run most of its course, however although there is some growth left, and she should know she’s a property valuer.

skippygirl

Thanks SIS, much appreciated.

skippygirl[]

Thanks, Simon and Terry for your responses. Learning on my first one.

skippygirl[]

Hello Simon and Pisces,

Can I jump on the first post here and ask you, I have bought my first IP which settles on 1 March. I have a LOC on the PPOR with which I can entirely pay for hte new house. I am going to lease option it.
Can you tell me pls if I go get a mortgage for it after settlment ie 80% and pay back the LOC, if it’s within 6 mths the…[Read more]

toystory,

I think there is something like a median price graph at the REIV website – you select the suburb name and it will graph the median for you.

Haven’t checked it for a few weeks – go to http://www.reiv.com.au

skip[8D]

OK me too. Could I have a copy of the email – thanks for taking the view of “abundance” and good karma to you.[]

skippygirl40 at yahoo.co.uk

Hi Damian,

One tip from someone who has leased alot of commercial property over the years but never bought one, make sure you have a savvy solicitor and check that the directors’ or personal guarantees the current tenants have given the current owners under their leases are assignable or transferable when you buy that property and hence those…[Read more]

Hi all,

I’m an older newbie and some might say not even a newbie. I have recently returned to vendor finance after getting 2 babies off to school and reading John Burley’s material. I started my career off at 18 and ended up doing 100’s of vendor finance sales for the state government, who had decided they didn’t want to own railway homes anymore…[Read more]

Hi,

Here’s my $0.02 even though I only have 1 positively geared property so don’t have much qualifications in this area.
Alf, if you could make the property cash flow positive before depreciation by managing it yourself then I would hold on to it because it would be putting cash into your pocket each week.
If you can’t or don’t want to, then…[Read more]

Michael,

Great post – thank you for the terrific rundown on the development process. Just today I was trying to find out all of that info because I was evaluating a 1000 sqm block with an old 50’s house on one end, corner block running nicely east-west on it’s longest side. I rang a local surveyor who was terribly kind and helpful and gave me the…[Read more]