Thanks again JP. How long were you and agent for?

It’s research for a product I’m currently looking at that I may be able to offer Real Estate Agents.

thanks JP. Any suggestions on how to

Hi Oscar. Great post. It's always good to read about people taking massive action. I find it very inspiring. thats what this site is all about.
How do you plan to sell the units? On your own or through an agent?

Hi Rosebud. Another suggestion would be to see if you can get the developer to carry back the deposit as a second mortgage. I do this with developers which allows me to package a house and land deal to a buyer who then gets to buy a home with very low deposit. As with any property transaction, It all depends on the developer's circumstances.…[Read more]

It infuriates me to read articles like this. Unfortunately, armed with a few VF strategies and a PTY LTD company, it seems any idiot can get out there and mislead people & do some serious damage for the industry. The value of good education is paramount in this case. I good teacher/mentor/coach would never have allowed a student to practice in…[Read more]

duckster wrote:
Cath if you want to find jv partners you need to find motivated similar property investors which you could meet at seminars.Dr Gordon Ku has a seminar that is teaching what you are trying to achieve.do a google search on dr house propertyIf you want to meet other similar investors you need to network before a deal comes along so…[Read more]

Thanks. Very helpful indeed. To answer your question BTW, what I meant by the 12 months statement was that we would have been out of the property for 12 months within the coming weeks.Those links have shed a bit more light on this for me. Thank youStephen

Thanks guys. I appreciate the feedback.

Well I can now give you some feedback. The service they offer is all about creating a strategy to reduce personal debt, access better tax benefits  and hence have more money to invest in property. (I think the whole $6500 tax rebate mentioned on the phone was just an inexperienced telephonist). Where they make their money is on the commission…[Read more]

Well I can now give you some feedback. The service they offer is all about creating a strategy to reduce personal debt, access better tax benefits  and hence have more money to invest in property. (I think the whole $6500 tax rebate mentioned on the phone was just an inexperienced telephonist). Where they make their money is on the commission…[Read more]

Meeting the consultant tonight. I'll keep you guys posted. I managed to find the website and actually rang the customer services to try and get a better idea of what they do.http://www.premiumfinance.com.au

Thanks for the comments guys. I think I may have worded the question wrong. The 33% on top of the purchase price was not he margin. There is only a 10% profit the rest is as follows: aquisition costs (+-5%)interest (+-8% for 6 months) reno cost (10%)selling csts (4%) and profit (10%). This is where I am struggling because all the properties that…[Read more]

Anyone know if this offer is still available?

Cool, thanks timmcm

Do you think $348k for a one bed is expensive?

Thanks John,I actually just gave REIWA a call and it's all legit. Apparently it's possible for vendors to be presented as many offers as possible at once and they then decide which one they'd like to work with or accept.I just had a 'post-offer' freak-out. It's our first IP and really nervous.

Thanks all. I was just about to post a question on exactly this topic. You've answered a few of my questions, and was great to actually see Dean's website. Really interesting stats as well.Do any of you struggle to find properties that meet the formulae criteria. My partner and I are in Perth and we have viewed so many properties but none stack…

Thanks Richard. Do you have any suggestions for where we should be looking or brokers?

What I didn't mention was that we have about $180k in equity on a $280k property in Christina's name. And the amount we looking to borrow for our reno roject would be around $330k (including renos and holding costs). Would we still be within the 80% LVR.