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  • Profile photo of supersarafusupersarafu
    Member
    @supersarafu
    Join Date: 2007
    Post Count: 7
    February 15, 2008 - 12:28 am

    Hello,

    I'm extremely new to property investing (just getting to the end of reading books and starting to research locations).

    I'm looking primarily for cashflow +ve deals in Melbourne's North – North/West suburbs. Could really, really use some advice from anyone who is currently investing in this area or who has previously explored this option.

    … A little short on mentors in my friendship group (though many inexperienced people keep trying to tell me what to do!)

    Any help greatly appreciated.

    PS. Will happily buy a beer for anyone willing to share success stories relating to our chosen area!

    Sarah :)

    Profile photo of supersarafusupersarafu
    Member
    @supersarafu
    Join Date: 2007
    Post Count: 7
    January 29, 2008 - 10:30 pm

    Thanks for the response but it wasn't exactly what I was after. A good blog though!

    What I am asking is for people to list their techniques and strategies (whether they use them or just know of them) such as:

    1. Buy on large block, subdivide, sell land, rent house
    2. Buy 1 or 2  bedroom residence, convert existing space to 3rd bedroom, resell / rent
    3. Buy flat, cosmetic reno, increase rent

    Cheers :)

    Profile photo of supersarafusupersarafu
    Member
    @supersarafu
    Join Date: 2007
    Post Count: 7
    January 29, 2008 - 10:21 pm

    Does anybody know the rules relating to Victoria on the matter?

    Also, how does one go about finding investors who might be interested in buying such a property off your hands?

    Profile photo of supersarafusupersarafu
    Member
    @supersarafu
    Join Date: 2007
    Post Count: 7
    January 29, 2008 - 7:14 am

    On the topic of the 3 second solution, I have read the book but can't seem to understand how this replaces the 11 Second Solution. I mean, my understanding is that the 11 Second Solution was intended to help you quickly filter a list of potentials, however the 3 Second Solution leans heavily on knowing a whole lot of different figures and therefore would take a while to put together.

    Perhaps I have misunderstood, maybe someone can enlighten me?

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