Hi Gazza,

I am sure that I know the pub in question… What a small world it is!!

We went and looked at it a few days ago…Nice country pub! I believe that you could get it for MANY MANY MANY THOUSANDS LESS. Trust me!

Our biggest problems with this deal:

(1) The town has 2 pubs, with a possible supermarket getting a liquor licence. The…[Read more]

Hi Damien,

Welcome to the forum!

I have recently done what you are talking about. Sold our home (in November) and using the money to buy +ve cashflow property. It is working very well for us, and we are building our portfolio quite quickly now.

It is a very personal thing for each person though. I would not like to suggest to you to sell…[Read more]

Hi Paul,

Just a couple of points to consider…Sorry to be a wet blanket! []

(1) Have you done your proper due diligence on the town? There are quite a lot of severely drought affected towns in Victoria, that are really declining. What is the population? Are people moving in, or moving out.

(2) If you get a 105% loan, and the property…[Read more]

[][]

Sorry I forgot about the “No Advertising” rule!

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Hi Gilad,

All of our properties are positive cashflow and they are all Principal & Interest.

We chose P&I so that we can reduce our debt. If prices do drop, it is like an insurance policy. We would hate to be in the position of being forced to sell a property and still owe a debt on it!

Commercial property is different though. Most people…[Read more]

Hi Pisces,

Being a farmer and exporter, the Australian Dollar has made it an EXTREMELY difficult year for us.

We have got to the stage of trying to listing our Asparagus farm for sale…… Anyone interested???????

Regards,

Del

Going back a few years now….I used to go to the MCG with my girlfriends just to see Hooksey play. He was the best and the blondest [:X] (Warney was too young then).

It is a disgrace for the crowd control industry. Lets just hope that they open their eyes to what goes on, and get rid of the thugs [}] that call themselves “security” and take…[Read more]

Hi Boo Boo,

I can’t help you with %return to look for, however a year or so ago we looked throughly into building one in our town, (although after doing the figures didn’t go ahead) and the rule of thumb is that a centre must be over 60 places to be viable.

Hope this helps,

Del

Hi Westan,

Good to hear from you again. Hope all went well with the big shift, and that your furniture arrived OK. I assume your computer survived… Please email us when you can, so we can have a chat.

Hope Janine & the crew are all enjoying it and not missing their friends too much.

Let us know if you need anything arranged or done at…[Read more]

Hi Kyl,

We have managed to purchase 2 blocks of units since about March last year. One is a block of 4, the other a block of 5.

The block of 4, we only got because we happened to be in the town looking at houses, and it was basically snapped up before it got listed, and the other block of 5, we found in July 03 on http://www.property.com.au – It had…[Read more]

Rebecca,

The MAP was to get the people to “control $1mil of property” not become a “millionaire”.

The Map is going very well, even though the real estate market has changed dramatically in the last 6 months or so.

I haven’t replied to your posts earlier, because I thought that your posts didn’t really deserve a reply.

As far as your comment…[Read more]

Thanks Muppet,

By the way, have you heard from Westan & family yet?

Please send them our best wishes for the big move,

Regards,

Del

Hi booboo,

We have a block of 4, and also a block of 5 units. We like units, but we have steered away from buying any with 6 as there is only one lender (NAB) that we know of anyway, who will possibly do them as residential. I believe they look at each one individually.

Commercial loans would generally turn most units to negative geared.

Good…[Read more]

Hey Fullout,

That’s an easy one.

Stuart from Prosolution is by far a league above the rest. He doesn’t seem to frequent this forum much lately, but I know he has been super busy.

You can find him at http://www.prosolution.com.au – We have used him several times, and when the going gets tough, the tough get going.

Good luck,[]

Del

Hi Westan,

Thanks for the email tonite… Please email us your mobile phone number or home number in NZ (when you get one).

Best of luck with the big shift. I admire your courage, taking and uprooting a whole family. It must be very exciting for your kids and a bit stressful for Janine.

Keep smiling, and hope to see you all over there one day…[Read more]

Hi Leigh,

Have a wonderful Christmas with your family. Looks like our phone call that we keep gonna do, will have to wait another week or two more!! Perhaps we can change our phone call to a pub tea in the New Year or something !! []

Have a great one, and drive carefully…

Hope Santa is good to you.[]

Del, Will, Sarah & Chloe XX

Hi Terryw,

I believe you’re right about the 130 properties, I think it was somewhere around 40 wraps and the rest buy & holds.

Now it’s a lot higher!

Del []

Hi Jason,

From what I remember about the book, Steve always uses P&I loans, rather than IO.

I believe the only time Steve & Dave use IO is for commercial loans.

Steve & Dave (and myself) believe in repaying debt and lowering your risk.

I think that especially in this climate of increasing interest rates, and possibly decreasing house values,…[Read more]

Hi Centralian,

The MAP program is still ongoing. It is taking lots of commitment and is constantly challenging everyone involved!

Perhaps Today Tonight has died down a bit (for a while), because the people on the MAP may not want the rest of Australia constantly knowing their very personal business. There is enough pressure without the added…[Read more]

Hi Richmond here goes…….

(1) Never go to bed angry – Always try to talk things out calmly. – (refer advice #3)[]

(2) make sure you kiss your partner good nite every nite.[:X]

(3) Always give in!! Your wife DOES know best.[:0)]

Congratulations Richmond, Hope you and Tracey Grimshaw have a great life together!

Hope to see you on the CH9…[Read more]