Hi guys, yes I agree with you Paullie, if you are using LMI as a leveraging tool then it must be for a property with good CG prospects but to add to what Paullie said or positive cashflow, and ive made cash doing both on 90-95% lends plus LMIeg I purchased an IP 3 years ago (GFC days) inner-ciity sydney brought 95% plus LMI 325K sold last week 4…[Read more]

Hi Amnesia, xmas and its lead up, is historically a slow period in the realestate market, my guess is the average person puts off buying big items cars houses ect, becaused everyone knows its an expensive time of year, there is the odd exception I know the Sydney property market is still busy due to first home owners losing there stamp duty ex…[Read more]

Hi fredo it depends what its for,for a stock standard reno on a rental property I recommend a Dulux whisper white, I use it on the roof and wallsI use a airless spray gun on big jobs, if its only a couple of rooms I roller it on, I water it down a little too 

Hi guys I read that article to, he had high LVRs all 95% bar 1 which was 90% he has used LMI as a leveraging tool to amass properties quickly I would say . In reference to what some of you guys have said about the risks he took, risk is individual no 2 peole have the same risk profile, i think good on him for having ago, Im an avid reader of API…[Read more]

I think his book, rich dad poor dad is way to vague, give me steves books any day, they are a proper step by step manual

Hi buyerseller, I would wait for confirmation from the mining companies in Gayndah otherwise I think its to speculative, for my taste anyway also 3000 peeps is a small town, I had a quick look my research says its more like 2000 peeps in that town.I think its lower risk by paying a bit more and getting on to a place like gladstone in a rising mark…[Read more]

I agree with all of the above forumites, run and you shouldnt have paid the $100, if anyone asks for money up front to show properties they are selling walk away, alarm bells should be ringing, this type of sales/marketing is preying on people with little to no experience, so they can sell overpriced off the plan apartments and house and land pa…[Read more]

thanks for your help Scott

Hi Jack I own the complete reno system by Dean and Louise parker ill loan it to you for free its great private msg your address ect 

they might have been refunding a little to much !!

Hi guys I agree with most of the above they over capitilized, they paid top dollar for places that were clearly condemed, I wouldnt have paid a penny over the land value on most of the properties in there pre-reno state, also it goes to show its much harder it is to make a profit doing structural renos,I believe the smart money for the average pe…[Read more]

Hi Guys, its not hard finding the deals in NZ its getting decent finance, I approached a couple of lenders in NZ 2 months ago (Im an Australian citizen) and the best LVR I could get was 70% and on top of that I need X amount of cash in a bank acct there as a security has anyone heard different ??and on another note Ive been finding plenty of cash…[Read more]

Hi Gumtree,If i was keen on it I would definately get a building inspection done, you could use the findings to get a better deal on it, or if its to much hassel walk away, its up to you, it depends how hands on you want to be and how much money you have to play with

I agree with Terry there are alot of what ifsevery time Ive fixed ive lost out, in the end the House always wins, variable all the wayPre-GFC my wife and I fixed one of our loans in for 4 years with ING 8.99% (It matures in 6 months) not long after rates went way down, at the same time I had few variable properties with CBA  that at their lowest w…[Read more]

Hi guysI dont mindpaying for the odd seminar here and there, but that was an eye opener 45K for a property investing course thats a scam alright thats a 20% deposit and closing costs where I live lol  "Rich dad poor dad is one of the most over rated books" lacks substance he is to vague as appossed to Steve McKnights books which lay it all out s…[Read more]

Hi Robbo Im assuming from your post  your after some cash pos stuff, Ive seen 2 bedroom units in Cairns which would be cash pos a on a 90% LVR after strata fees with out the dramasI guess what I'm trying to say is there can be hassels running a share/boarding house, a couple of friends of mine ran 2, I was looking in to it myself, but they said…[Read more]

Hi echelon6, I believe the reason we look at historic growth figures, is because whats the alternative ? guess the future…the next best thing unless you have a crystal ball (realestate agents seem to have one lol) has to be to look at the past and this can give us a better indication of where that suburb might be headed in the future, again I w…[Read more]

your the best Mike, the reports are very accurate in my viewthanks

Hi Katsudon, Im in the exact same position as you, I moved down from Sydney 6 months ago and im looking in the same areas as you, I own one of the units in the Block you are looking at, Ive got a couple of offers in at the moment on some others in the areas your looking, I tried to private msg you but you have to activate it on your profile or…[Read more]

Hi New2invest Honestly you dont need any of them Im not knocking them but in reality, you can buy your own IPs and come up with your own strategy without paying any fees, you can learn more from the peeps on this forum and from Books and magazines without paying large fees ectall the best just trying to save you a buck