Hi all,

Is everyone watching the special on renovating on “A Current Affair” this week?

Tonight (Wednesday) Geoff Doidge & Paul Eslick are talking about how to finance your real estate empire.

Bye,

Del

Hi everyone,

I guess my “strategy” is buy something just under cashflow pos. do a reno, and bring it up to return 10%.

That was my strategy, but now that I know how to do that, I am going to the wrap seminar to learn how to do that. After that who knows????

My opinion, for what it’s worth: is at first don’t think that you have to have any sort…[Read more]

Hi Fullout,

Try checking these out:

http://www.hotelclub.net and
http://www.wotif.com.au

Have a great seminar and let us know how you get on.

P.S. The accomodation often gets cheaper as it gets closer to the date. Try to hold out a bit if you can. (but don’t miss out)[]

See ya,

Del

Bruce,

Don’t knock rural people.[!]
They are the backbone of Australia.

Without the wonderful people working on the land, you would not be eating your weetbix for breakfast (or whatever). You would have no fresh vegetables, or meat, or woollen clothes etc.. etc.. Without farmers and rural workers, Australia would not have the great export…[Read more]

Hi Will,

Thanks for that. I will check it with my accountant.

Thought it was sounding too good to be true….

Will & Del

Hi Gav,

Personally, if you have the time, I’d invest my 1% commission, (possibly approx $2500 going by Stu’s last post), and I’d invest it in myself.

I would buy some of Steve McKnight’s CD’s such as “Property Secrets Revealed”. etc…etc..

It is amazing how reading & studying these can really “FAST TRACK” your knowledge & confidence.

Then I…[Read more]

Hi again,

I forgot one important factor for you to consider. Towns with populations under about 5000 banks will have different criteria with lending.

So, before you sign on the dotted line, do your due diligence and check that with your lender.

See ya,[]

Del

Hi RSTARR,

Another possibility, (one which we are considering) is if you have a trust set up, purchase a property in the trust’s name & rent it to you. That way you can have your cake and eat it too.[^]

There is a recent post headed “I want to rent it from ME”, (a couple of days ago) about this, and it has really got me thinking. No tenant /…[Read more]

Congratulations Dave & Family,

There is no wealth in the world that can compare to a the look of love and innocence from your own baby.

Matthew Jacob is a great name.

Best wishes,

Will & Del

Hi Ronulas,

I have made the same rule as Westan, we must like the number 5000. But as he says, there are exceptions to this rule.

I’m still at the stage that I can’t buy in a new town, without going there to get a feel of it. Some towns I’ve looked at with more than 5000, seem dull and old and dying. Some towns with less than 5000 seem fresh,…[Read more]

Thanks Tas,

Sounds like a good deal. You have convinced me!!

Hopefully we can all meet beforehand for drinks or something.[]

See you all there,

Will & Del

Hi Evelyn,

Perhaps a good place to start would be Steve McKnight @ Property Investing.com. The telephone no. is 03 9897 1477, or email him at steve@propertyinvesting.com.

Tell Steve you were referred to him from the forum, and wanting some info about wrapping.

He will either help you himself, or put you in touch with someone else who…[Read more]

Hello Evelyn,

You have come to the right place.

My advice would be try to avoid an off-the-plan property. The facts are there that there is already a huge over-supply, causing values to plummet. Usually 10% deposit is required and then it is often 18 mths to 2 years to wait until completion. Nobody can predict what the value will be upon…[Read more]

Hi Alex,

Yes, that’s an easy one.

After going directly to our local bank manager for loan after loan, asking what better deals are there for someone with numerous loans etc… We are now totally disheartened to find that the manager’s lack of knowledge about their own products has cost us hundreds if not thousands of dollars in establishment…[Read more]

Hi Joff,

Perhaps you could WRAP her a house, and she could have a couple of flatmates help her with the mortgage. In 2 – 3 years when she has heaps of equity, she can refinance.

If she WANTS something BAD ENOUGH there will always be a way. I remember saving for my first house & land package when I was single. When it was finished, I felt like…[Read more]

Hi Sooshie,

We are trying to book a holiday for next year, and use up 5 years worth of frequent flyer points.[8D] We were considering Fiji, after seeing it on Getaway or something similiar recently.

Is it a great family destination? We have a 4 & 5 year old. When is the best time of year to go? Please feel free to email me so we can chat about…[Read more]

Hi Ish,

I’m with the others. Very interesting.

Thanks,[]

Del

Hey Hwd007,

You have such a way with words!![][]

Yes it is worrying though.

Del

Hey Wild,

Good on you. Get out there!!
I’m sure you’ll find a better deal.
Just open your eyes, and let yourself see.

With $190K to spend, you could buy two OR THREE!!!!!!!! for the price of one!![8D]
Good luck,

Will

Hi amni23,

Personally, I’d pay off the car loan @ 9.5% as long as there’s no huge penalty.
You will probably feel better for it too.

Del