I think it would be great for the experience. An acquaintance of mine does this, and he’s actually writing a book on how to DIY.

Qlds007,

Credit providers licence is only needed if you’re doing wrap deals here in WA.

Buyers agents don’t come into play if you’re flipping or doing lease options on a specific property, only if you’re sourcing a property for an established buyer that you have already entered into terms with.

Hi Camder,

Have you thought about lease options or flips or joint ventures? This will get you buying properties without waiting to build your deposit through your job.

Like you, I also wondered why people would consider long settlements or the above options, but as soon as I advertised for these, I had plenty of phone calls. People have their…[Read more]

O NobleOne,

I totally agree for these reasons:
We complete a cycle every 7-14 years. We’re at year 10. (..1987,1994,..)
When was the All Ords this high? It’s breaking a new level just about every day.
Money has never been so easy to get from the lending institutions. They’re practically throwing it at you with ‘No interest for 2 years’ or ‘No…[Read more]

Okay, ASIDE from Geraldton, they’re putting in that huge railway link from the city to Mandurah. I would say anywhere along that new track has big potential. UBD should show this.

I think the ripple effect is out Gosnells & midland areas at the moment. Can anyone confirm?

Hi Bonnie,

You have come to the right place. I recommend the best place to start to get an idea of what its all about, is to read Steve’s book “0 to 130 properties…).
Other than that, jump on the ‘wrapping’ forum topic and ask away!!

Hi Elika

I’m not familiar with Accor but can only tell you what i have experienced. I have a holiday apt in a tropical region (tho not as fancy as yours!) and was initially worried about cyclones etc. For a cyclone to go through a 10km patch of coast (the destructive part of the cyclone) out of the whole 4000km is reasonably rare. There is always…[Read more]

What a diverse reaction!

Waz – I haven’t read Success Stories but was wondering were any of these properties foreclosures? I’m guessing this would make a difference.

Richmond – Hotvaluer pointed out 15 suburbs that he knew of How many people do you expect to know every market value and every rental return of every suburb in the back of the white…[Read more]

Benson,

I don’t think Redwing has his calcs wrong at all – that information is taken straight from the Dept Treasury and Finance.

Remember those savings were for the FHO. For investors and other home owners, the savings is substantially smaller.

http://www.unitoday.net/financialfreedom2000

I have heard that to avoid the big slump in June, they were going to introduce a pro-rata.

Can anyone confirm this? I can’t seem to track down any information regarding this, so am dismissing it as a rumour.

http://www.unitoday.net/financialfreedom2000

Thanks All,

thats exactly what i wanted to know.

http://www.unitoday.net/financialfreedom2000

hi,

If you’re talking about “desperately needing funds”, spending money on furniture wont give you this.

What is your objective? If you need the $$ would you consider a joint partnership? tho this can create political hassles as well. As mentioned in the previous post, you could subdivide and sell depending on the property.

If you want to turn…[Read more]

yes yes, there is a catch.

1) The property had discusting tennants, but they are reliable on paying their rent on time (essential!!), and my friend intends on repainting and deodorising the place if/when they move out.

2) The vendor was a motivated seller given the status of the above. Perhaps scared off by rental properties???

3) There was a…[Read more]

If the common fence is on the unit complex, it is part of the body corporate. Even the external walls, roof and guttering of the property are covered.

However, read their fine print, that particular company may have an exclusion for this for some unknown reason (tho I’ve never heard of that before)

http://www.unitoday.net/financialfreedom2000

Just remember, you’re not buying your IPs for you to live in (generally). People have their reasons for needing/wanting to live in places like Armadale.

A friend of mine just bought a place there for $128K and is renting it out for $280/wk. Are you after +ve cashflow or capital gains?

Also, don’t rule out the smaller country towns. Also, places…[Read more]