Paul,
I am unsure if WA is a good place to start if you are in Brisbane. I am sure there would be an opportunity closer to home. Generally regional areas will provide deals worth looking at if you are after +`ve cashflow. Pick a couple of country towns (10,000 k pop + ) around Brissy and keep an eye on them.

Regards , Terry

G`day Ace, I am in regional S.A. so cannot help with specific advice. However you mentioned the northern suburbs and yield which reminded me of a profile I read on an Adelaide investor in a book I have just completed. It is ‘Ordinary Millionaires” by J. Mcnight.Good book. Well worth the $30.

Regards Terry

I have to agree with Redwing, a lot don`t make it to the website. Pick up the phone and establish a relationship with the agents in the areas you are looking at. If they know you have $ for a deal they will be ringing you when the cheapies hit the books.

Regards Terry

Yes Mamakat I believe it is illegal to wrap in S.A. I looked into it briefly, don`t know the history of it, but lease options are the only thing close in S.A. I don`t pretend to know much about these either, may be worth some investigation.

Regards Terry

G`day Sarah, Unless you have parents/friends with cash to lend you, there is no way to avoid saving for a deposit.I agree with derek that writing down a budget and having a plan on paper is a good fist step.Also, having that savings history{ from saving the deposit} will be beneficial when you do finally go to the bank to get finance.
Most times…[Read more]

Jan Somers book “More Wealth from residential property” has good chapters on financing. To learn how the bank calculates loan affordability is must have knowledge if you are serious about building a portfolio of multiple properties.

Regards Terry

G`day Scremin,I like to replace all old/sticking doors{or at the very least, the door handles}on the kitchen/bath/lounge/main bedroom as they are in the high traffic areas.Inexpensive to buy if you can hang/install them yourself.
As far as wet areas go, I recently used White Nite tile paint in my latest reno, with excellent results.A bit of prep.…[Read more]

G`day Zena, If you havn`t already bought the place it is simple enough to borrow the reno $ when you finance the purchase, providing of course you have enough equity.In my situation I have used equity from other property and buying below market value to create room in the “loan to value” ratios to finance reno`s from the initial loan.{in the form…[Read more]

G`day Dave, I am in Pt. Pirie,about 2 hr`s nth.Feel free to pm me if you want to research regional areas.

Regards , Terry

Originally posted by Kristie:
Hi Spi,

I too have just finished reading Steve’s book and have begun by checking out potential areas to buy property in. Today I went to my local bank where I have a home loan on my own home and they have more or less said “no way jose”. I’m quite annoyed as it makes me feel that they just don’t want the “average…[Read more]

G`day Dreamer, I am in country S.A.and have IP`s.I am not particularly interested in joint ventures as such, but am happy to correspond with like minded people.I am doing the reno, buy and hold thing. PM me if you wish.

Regards, Terry

Pisces, who are these 2nd tier lenders?. Do they have a retail shopfront,or are they the realm of the brokers?

Regards, Terry

Any times a good time if the numbers add up.
Just because it`s +`ve doesn`t mean there will be no capital gain,depends where you buy.Gets back to research,profits in the buying.

Regards Terry

G`day Marissa,
generally in the regional areas of your state.I live in country S.A.,and while they are rare in Adelaide they come up in my hometown regularly.Big country towns with stable populations.

Regards Terry

G`day Mustang,you have very healthy equity of over 200k in your home.The crux of the matter is affordability.When you go to your bank and say I want to invest in real estate they will look at your situation and say ok,what is your income, what are your expenses. They will take into account the new place will provide income{rent},but they will be…[Read more]

Don`t know where you are freedom, but I am in regional S.A. and IP`s are +`ve in these parts. I have 5 ip`s and growing, and can be pm`d if you were interested in this area.
I don`t know much about spotters fee`s, but would be happy to talk to like minded people if they want info on my part of the world.

Regards , Terry

G`day Elwood,if you are renting, buy your own home!
If you are buying your own home,get a valuation done and see what equity you have.Banks love real estate,and will lend against it.If you have equity in your house,speak to your bank manager about R.E. investment. He will be able to tell you if you can proceed.If you have little equity,put any…[Read more]

G`day Mika,In response to your first q., there are always peaks and troughs in the R.E. cycle, but you have to be “in it, to win it”.You can wait for the “right” time for a decade,but the deal of the century comes along once a month if you are looking.Read the real estate pages, learn the numbers{ie;income-outgoings=+ve or -ve},put in low offers…[Read more]

Quote:
Originally posted by happytrace:
Hi everyone,
Just a little question regarding what a few people have been saying about financial planners. Besides reading as much as you can and learning as much as you can, who can you go see to give you a bit of a hand with the hard financial stuff? Are accountants better than financial planners??
Sorry…[Read more]

Hello Summo,

I am a country investor (Port Pirie) and will be in Adelaide on Tuesday night. Can you also send me some details regarding this meeting.

[email protected]

Thanks

T.P.