hi all

there is one simple answer, become more disciplined, as steve said once a month sort it all out. i’d go further and say you must do it once a week. sit down make a time right now that you commit to doing your paperwork and stick to it. grab your partner (or someone elses, no perhaps not) and work on it. if you find this works let me…[Read more]

hi roxy

there is certainly a place for buyers agents but

the education you gain by doing the research yourself is just so valuable. you really need to do it yourself if you want to become a true property investor. its the process of learning how to find and do the deal that will make you wealthy just as much as the property itself.

bye westan

hi pebbles

a serious response

i don’t own in Ballarat, but i have a very good impression of the city.

some things in my mind going for it apart from the weather.
1. fast train link to the Melbourne
2. growing number of people relocating from the city to live there
3. growing university
4 the governemnt new million dollar push for people to move…[Read more]

ballarat is cold
westan

hi fullout

i swapped over to BJ Bennett (the proffessionals) a while ago and have been very happy

westan

hi all

future$, good question as many of us feel is way, i’m 39yrs old and my youngest is 3 so it’s always in my mind.
Huey has a point, the more properties you have the more time it consumes, the more properties the more headaches.
i started in 1997 and it’s been like another job (but i’ve enjoyed the ride) but NOW i’m fortunate i can call it…[Read more]

hi guys

billfromoz
no arguement from me. except if people are getting out with the view to re-enter at a future time, then i’d say they may be disapponted. i don’t know the canberra market so i accept what is being said. but the Melbourne market only dropped by 5% in the early 90’s (not 30% crashy), clearly not enough to get out and back in…[Read more]

hi all

if you sold as you are suggesting was a good stategy in 1993, it was the bottom of the market in most major cities in Oz. the peak was in 1989, and if you sold then you would have missed the in excess of 100% capital appreciation since then.
hey i’m a seller in the market at these prices (because i’ve got 30 properties) but for most…[Read more]

hi mikeej

read as much as you can, borrow books from the library and friends.
a friend who was a successful investor went to one of those $5,000 weekends and said it was great. but when i asked him what did he learn that he didn’t already know he could answer.
i’m a little sceptical, i couldn’t justify spending that sorta money, i’d rather buy a…[Read more]

hi kay
i’m with you i couldn’t wrap a property to someone either, just doesn’t sit right for me. but i’ve met people who bought under one of those agreements and they were realy impressed it gave them a chance to buy a house when the banks said no, today 5 yrs later his house has doubled in value.

well i started in 1996 and in the first year i…[Read more]

hi con

firstly i live in Victoria and don’t know the market around Sydney. but unlike John Burley who apparently says buy within 60km i buy anywhere there are good buys. if it is 400km away thats no big deal or even 2500km if its a good deal i find a way to make it work. Dolf de roos has properties all over the world.

now about your…[Read more]

hi shaan ching

join the queue[]

half the people on the forum are in the same position as yourself.
best to pick up a phone and ring around you will learn so much through the process, this will be worth more than the property.
all the best
westan

hi pinky

be careful where you buy, i don’t think the market will drop too much if at all, but i’ve sold about a 1/3 of my oz properties in the past 3 months just to be safe.

take your time don’t rush in learn as much about areas as you can

westan

hi guys

it sounds like kylie is a very smart young lady to add to here other abilities.

so she has properties to add to the other assets[]
westan

the link didn’t open for me either but it says Kylie monogue is a property investor with Millions of $$$ in investments around the world especially in Melbourne. i read the story yesterday

hi milen

whether 13% cash on cash is good enough ???

if there was some chance of capital appreciation or adding value to the property, otherwise i’d need convincing.

westan

hi mitzu

i don’t know who told you that about kiwibank but i got 3 properties financed with them from OZ. but they are so slow and service is poor so i’m using ANZ in NZ and i’ve had excellent service.

westan

hi fullout

perhaps you could go to some auctions in the dimboola area, (maybe Horsham). often these auctions have full house lots and they sell individual items cheaply.
adding to what powmow said the salvo shops try ones near dimboola like ararat, stawell and horsham.
why do you want to furnish it for anyway?
westan

hey still in school

120pw for 42k thats a great deal similair to what i’m going for. is it in OZ?
westan

hi Leigh

that doesn’t sound right about 150pw for a storage shed. perhaps you have misunderstood and it is 150pw for all of them??
taylah
yes it is real hard to find deals at the moment, i’ve given up looking in Vic. haven’t bought anything since about june. but i’ve been buying elsewhere and bought 12 in the past 15 weeks, so you need to look…[Read more]

hi all

still at school

you aren’t working out the cash on cash return, sorry you are fudging the figures and deceiving yourself.
let me expain it to you. the cash on cash return is what you actually put into the deal and what you take out of that as a percentage.
lets use your example
say you buy a property for 42k you will have
loan interest…[Read more]