Hi Steve,

I have just finished reading 0 to 130 Properties in 3.5 Years. It was a good read and you certainly write in a way that is plainer to understand than most. Your advice on money handling is very clear and contains the same wisdom of “The Richest Man in Babylon” by George S. Clason (a must read on the human nature of Money handling).

My focus will be on the “currently facing” point of your request:

1 – Properties do not seem available in the rules you have outlined in developing a “Positive Cash Flow” investment. Balarat has properties worth Circa $150,000 with rents Circa $170. The figures in your book seem to be outdated (actually cross pollenated – 1990 house prices with 2002 rent returns??). What is the current situation in evaluating a house to be purchased for Positive Cash Flow as of the end of 2005 and beginning of 2006? Do you have any examples that meet your 11 second rule guidlines?

2 – The Aticle in the Age “domain.com” points out Australia’s status in House prices being over inflated by 52% compared to World standards – read:

http://www.domain.com.au/Public/Article.aspx?index=PropertyNews&id=1133829632402

How does this fit into the world of property investing for Australia?

I am in a really strong position to invest and am looking for a safe (though in reality nothing is truly safe, but that we must be diligent in understanding and thus minimising risks as best we can, just as you have written).

I look forward to reading your information in the near future

Yours Sincerely
VPSCOM

Victor P. Segnan