Thanks for the feedback guys – great posts.  Alistair is certainly on my list for finance as we move into commercial investments.I'll post here re buyers agents as we move through the process.Cheers,Tracey

Hi there,We're heading to the Mega conference.  We've booked at Medina Grand Harbourside in a studio room for $713 for the 4 nights.Any suggestions on best way to find people from this forum among the 2,000 that will be there?Cheers,Tracey

Hi PascoeDid you find a commercial buyers agent in Melbourne that you were happy with?  If so, could you please post their details, or if you would prefer send them to me on a Private Message?Thanks,Tracey

Hi Nic,Your profile is not accepting messages so hopefully the following link will take you there:http://groups.to/richdadlauncestontasmania/Cheers,Tracey

For what it's worth I agree with Ryan.  I look for houses which have extra land to add more dwellings or subdivide.We do have strata titled units where we own the whole block which works ok too, no strata as we just pay for all the outgoings for the whole property. ( We will sell a couple of blocks on shortly though as they don't fit our long term…[Read more]

Sure thing. I only focus on the Northern part of Tassie as that's near where we live and I can't be fussed travelling further when there's good stuff close to home.  Check out suburbs of Launceston – Trevallyn, Riverside and Newnham in particuar are ones that I like.  Also, Devonport and Ulverstone are hiding some gems.  I haven't explored Burni…[Read more]

Hope things go well with your inspection this week – yes we're in Tassie.Just in keeping with the thread – there are some great properties in Tassie, not necessarily in 'low income areas' nor previous housing areas nor mining towns, able to be purchased under $200K well with tenants in place showing 6.5 – 7% returns.We have 'low income' tenants…[Read more]

Hey v8, where's your place in NW Tassie?  The Tassie market is all over the shop at the moment!

Hi KateI'm an active investor myself and am involved in a network of investors who get together to talk property on a regular basis (no property is sold at these meetings).  Private message me if you'd like or check out http://www.propertymeeting.com.au There's also an active Rich Dad group in Launceston and I can find the information for that if yo…[Read more]

Hi 0to130Where in Tassie do you live – there's property investors getting together in both north and south (not selling property just information) which you might like to hook up with for support on your journey?Cheers,Tracey

Hi MUW009I am no expert on this and you really need to seek some advice from a good accountant/solicitor.I can share what we did last year when we built two units and sold them – We had to charge GST on our new residential properties but we used the margin scheme – whereby GST is not applicable to the portion of the sale price equivalent to or…[Read more]

I am currently participating in the RESULTS program and am actively investing – planning for financial freedom within five years.The part I like the most is that they don't say you MUST do your property investment one way or another.  They recognise that everyone's goals are different and there are many, many ways to achieve them.  They prov…[Read more]

Hi MikeThanks very much for the report on the property we are purchasing in Trevallyn in Tasmania.  It is a very prompt service you have generously offered to people on this forum.I trust 2011 is tracking well for you,Cheers,Tracey

Check them closely – here in Tassie there is a specialised conveyancing firm advertising 'cheaper' costs but they are actually more expensive than my solicitor!

Hi there,We are about to sell some 2 bedroom strata units, bordering the beach reserve, listing price will be $130K, currently rented at $175 per week.  So yes beachside properties are out there, even with a good (7%) yield!Cheers,Tracey

Hi JetisonWe financed a rural block late last year with NAB – one of their Lifestyle products – 70% of valuation.  Despite knocking on many doors including a couple of brokers, NO other lenders would touch it as we weren't planning to build on it.Good luck,Tracey

Hi 4jojoI used to have a view that I was happy to deal with my bank directly and sort finance myself BUT…since the GFC when I went to do an equity draw down and my bank's policies had changed, I found it much better to use a broker than go and knock on every door myself.  That changed my view totally and I'd use a broker every time in the f…[Read more]

Hi GuysDon't think it would worry them where the funds came from – so long as you pay up!  In my last contract I actually didn't specify which bank (as I had no idea where the money would come from) but finished the clause with 'on terms usually available in transactions of a similar nature'.  I've been advised that this stops any clever ven…[Read more]

Thanks Number 8.  I'm too impatient to wait for 15 years – I've been serious about this for 18 months or so and with the deals that are around at the moment 3 years is looking achievable, certainly 5 years at the most.  Not only is it financially rewarding I am having lots of fun along the way!

Intrigue wrote:
I would like to submit a contractual offer for the sum of x for property located x The contract must include the chattels currently within the home (fridge, washing machine, air conditioning units, water tank, …………….) The contract must be subject to a 30day due diligence period in order to ensure the buyers complete satisfaction…[Read more]