No No Terry, I really appreciate your comments. I can see that you are very wise and very respected poster. There may have been better places to park my money, but for the cashflow perspective, this is the best that i could find!! I have resolved to spend more time on my investments this year. My aim is to be finacially free by the time i am 35…[Read more]

Could i be rude and ask why you want these two apartments to be bought from Australia?? and not just go to your local RE agent?? Maybe post up the details up or ask for interest on this forum site. Im sure with this pool of investors, there should be at least some interest. If you want, you can email me the details, i wanna start researching NZ…[Read more]

Could i be rude and ask why you want these two apartments to be bought from Australia?? and not just go to your local RE agent?? Maybe post up the details up or ask for interest on this forum site. Im sure with this pool of investors, there should be at least some interest. If you want, you can email me the details, i wanna start researching NZ…[Read more]

CBA, 60%I had to come up with alot of cash myself. Which i expected. Buying for the rental income. and the utimate goal of replacing my wifes working income.

If you looked at just the unit itself, stand alone. it might be very silly. Why would i pour in 110k of my own money into something that might go down in value. I only got 60% LVR, and paid all the other closing cost. But maybe if you took a step back and looked at where i was at in my investment journey, you may see some sense in it. I already…[Read more]

I just bought one. Unilodge Sydney, Utimo. Cost me 238k, 47Msq, with two occupancy. renting for 497.50 per week , Tenants in til July 2 2010i am buying for the rental return, i understand that i might even go down in the short to medium term. but i dont mind. it is a form of income.  I just have to know that it may take some time to sell when it…[Read more]

Hello everyone.

Has anyone been able to register their book yet?? I can’t seem to do it. We were promised we would be able to register and access the resources from the 1st dec. But the weblink keeps saying thar I am too early and they don’t have it ready yet. Just wanted to see if others have registered.

OK, an update I did finally purchase this appartment, there was lots of drama, and backwards and forths with the agent and the vendor. but, we finally ironed out all the wrinkels of this deal. My final purchase price was 238k rent this year is $497.50/weeki got the tenant til 2 jul 2010- so im happy for the time being, The place has had any minor…[Read more]

Is it just me or does anyone else think that Jason is giving us the hard sell???

Hi David First of all, Pat on the back for taking the first steps to becoming a millionaire. Its not going to be easy, its not always going to be smooth, but it will be very satifying. and if you stick with it long enough and never give up. you will get there. No doubt. Second- In my opinion, mentoring should never cost anything!!!! To me, i…[Read more]

ten_burner wrote:
i would be out buying already, seriously alot of buyers will hold off buying now because no one likes making big expenditures leading up to xmas…i would take a LOC on the Investment property and buy as much growth property in Capital cities as i can using 5% deposits + LMI thats my strategy ive been using for 3 yrs my fi…[Read more]

A Savvy investor like you would come to me and partner up. With your equity monies, and my expert investment professional strategy we could team up and make a motza!!!!!!!!!!!!!!Just kidding, I wish i were in your shoes tho. I am all fired up from the Steve McNight book launch, but dont have much to play around with, He did say there were three…[Read more]

Whoa, you got 80% finance??? Thats cool, which banks allow that in regional areas, im guess with the range of institutions around these days, there will be a specialist lender for that niche market right???Gosh i really want to get this happening, I have used up all of my equity over the years for other business ventures, so i dont have much left…[Read more]

All sounds good. The only major concern is finance, Now i am going thru a tough time tyring to get finance for student accommodation in the heart of Sydney. They were going to lend me 70%, then my broker said that it might not go thru and we went for a lowdoc, only 60% LVR. I have had to pore alot of money into this deal. More than i would have…[Read more]

Right Mattnz, why would one sell to be hit with CGT?? If our strategy was to buy n hold. Valuations are so subjective though, U go to one realestate agent and ask for a valuation, then you  go to another, he gives you something totally different. because they want your business. Anywho, I am going to use this as a motivational tool, Give each…[Read more]

I have just confirmed my place. havent got the receipt for it yet tho. So, How do they determine if we have made 250k??? time is easy, ( i dont even know when anything starts), start point, everyone starts with naught. Then in 18 months, we all line up and say. In the last 18 month………I have bought 4 properties. Total purchase price, 1.1mil.…[Read more]

I am also going to start on the book. I need to finish it soon to get all the benefit from it. I am wondering the same thing, We pay money to join this club, and what we get essentially, is to network with each other, We might form JVs, we might inpire each other to make a move, of those of us who have been talking about it for years and years, It…[Read more]

Hello AllI too am interested in positive cashflow properties. I have been debating in my mind for a long time, wether to go for reginal areas. I have some concerns for reginal property, maybe some of you that have property in that sorta area can quell them for me. 1, hard to get finance, – need bigger deposit 2, vacancy periods, how long, how hard…[Read more]

Hi Joanne I take it you found that dela last night to be of great value.  I havent been to many seminars or talks lately, you could go to one every weekend if you wanted to, all trying to sell you their program, or their offers, or their packs of DVD/ CDs. I have been burnt before and dont like the feeling that some pple are taking advantage of…[Read more]

I think this game would have been very benefical to me when i was leaving school. but after hearing these and other comments, after doing real life investments, i dont think that the game will be that exciting. Anyway, If someone wants to play, and has a set, I wouldnt mind trying my hand at it. Just pm me or email is fine:  tclinvestments@gmail.com