Hi Craig,

Welcome to the forum. Glad you have finally got the courage to “come out of the closet” so to speak![]

Don’t let your average income deter you. There are many posters on this forum who have started with less income and MUCH less in the bank and have achieved GREAT results. Don’t let people stand in your way.

Be cautious, (sorry to…[Read more]

Interesting everyone,

No doom and gloom so far !!

It’s good to hear some positive words about property again.[^]

Del

Chan$

[] That is funny! []

Del

Hi Kenshin,

Perhaps if you tell us what state and roughly what area you live in…

Glad you’re not a stalker,[]
Good luck,

Del

Hi russmarg,

This is like comparing apples to oranges. They will always be different.[:o)]

You are the only one who can answer this question. Not long ago we decided to sell our family home to invest. It is going well for us, and we are really committed to make the decision worthwhile.

Work out your priorities, if you really want your own…[Read more]

EVERYWHERE !

Good luck,

Del []

Hi Redwing,

Just one question……

Does SHE want to buy a PPOR, or is it just mum thinking she knows best? []

Not meaning to sound rude, but if she doesn’t have a PPOR as an important goal, then I’d let her enjoy her uni lifestyle. You’re only young & free once!

If she is as keen as mum is, then I’m sure you will all find a suitable…[Read more]

Hi,

Sounds to me like you need to find a decent Mortgage Broker that you can trust.

Perhaps give one of the moderators on this site a call or email. They are here to help and are dealing with investors all the time.

Personally, I have used Stuart from Prosolution many times, and believe me, when the going gets tough, the tough get…[Read more]

Hi,

I live about 15 min’s from Cranbourne, and know it quite well.

Personally, I don’t buy for capital gain, and so am probably the wrong person to comment, but I wouldn’t be buying in Cranbourne for capital gain with the market headed the way it’s going. It’s possible you may just end up with a big “money pit”, and no capital growth for a few…[Read more]

Hi Geoff,

If you use the “search function” you will find lots of info about Rick Otton, and his Wrap Pack.

A lot of people here think that Rick’s Wrap Pack is great, however, personally, if it were me, I’d hang out another couple of weeks, ‘cos Steve McKnights updated Wrap Libraray will be available VERY SOON….. From what I hear it’s HUGE, and…[Read more]

Hi Ginamarree,

We used bridging finance a couple of years ago…

It was something that I will never do again. I don’t think that I slept for about 2 weeks, until we sold our house.

Don’t forget to ask how much the application fee will be for bridging finance. The application fee for us (at the time) was almost $3000!! RIPOFF..[8]

Never,…[Read more]

Thanks for that info….

I have just “TURNED MYSELF ON” so to speak!![]

Del

Hi Philip,

I have 4 prop’s there. They are doing well, and have a combined return of about 18% gross, which is not too bad!

I have no problem with the properties that I picked up, as I got them at a Mortgagee Auction, and I managed to buy them quite under market value. They are all in reasonable condition.

I would never advise anyone against…[Read more]

Hey Westan,

That’s a hell of a lot of $23,000 houses!![:p]

Bye,

Del

Thanks for the reply..

Del

Westan,

You’re right about the valuations. The valuation is almost as good as being there yourself! Probably more thorough than an average building report. So far, I have paid between $380 & one at $425 for each valuation, depending on travelling time. (1hr each way travelling time for the $425 valuation).

I would think it would be cheaper to…[Read more]

Why should you discuss it first with your accountant??

Just wondering..

Hi,

It depends what the illegal structure is.

I believe as long as it has been there for over 7 years, that the council won’t do anything about it.

I would definatley contact the council about it, and have that verified by the council.

If it’s nothing major perhaps use it as a bargaining tool.

Regards,

Del

Hi Josh,

We are going thru this process with a block of 4 units at the moment.

The first step is probably to get in touch with a Surveyor, to draw up plans etc. They are able to do the whole thing for you, which is what we are doing.

Before our Surveyor went ahead with anything, to save us on costs, he got the Planning Manager from the town to…[Read more]

Hi Karen,

We’ve just recently bought one, and it is in the process of getting finance for it.

It costs more to get into a decent commercial deal, but I reckon it’s better for 3 reasons:

1. You’re not continually chasing tenants for money.

2. You can easily manage it yourself and you’re not paying property managers who don’t do their job…[Read more]