Hi getting there,

I believe the short answer is NO.

However, there are still a couple of exemptions to that rule, as we asked that question not long ago. I can’t remember what the exemptions are at this minute, and so before you sign anything, check with your solicitor.

Hope this helps a bit.

Del

Thanks for that Leigh,

Nice to read your posts again…[]

I really agree about: everyone is an expert when it comes to investing, and yes you do have to choose your advice carefully.

What I find funny, is when you tell your “friends or family” that you are doing property investing bla bla, and they look at you as if you’re about to jump off a 40 storey building, or something!!!!!!!!![][][]

They tell you to BEWARE etc…etc…, but deep down they are SO ENVIOUS that you have actually taken the step that they were too scared to try, and they know that you will succeed and they will stay in their 9-5 job forever!!

Good night,
Del

Hi Rogue,

Welcome aboard, you’ve certainly jumped onto the right ship here.

Not long ago, I knew zilch about property investing, and didn’t really even properly understand the difference between neg. geared and pos. geared property!![] Please dont laugh….[]

The best advice I could suggest is to regurarly get onto this forum and read the posts. There are a lot of interesting topics covered and it’s amazing how soon you find yourself being able to help others. It becomes a bit of an addiction, (but a good one).[]

My next advice would be look and read around Steve McKnights site. Then perhaps, buy “Property Secrets Revealed” etc…. A good insight into positive cashflow property V’s negative cashflow property.

The forumites here are so helpful, and there are a few good regular mortgage brokers that answer posts in relation to finance etc…A bit of a “one-stop” shop!!!

Give it a go, you’ll love it.

Bye,

Del

Hi Tas,

I’d say the chances of that are probably pretty high!!![]

What if we all meet in the bar at 8.30pm?

We can’t stay up too late though, or we might sleep through the seminar.[|)]

Del & Will

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 of “strategy”, just try a few different things and you will fall into something that you feel you enjoy and can do well. You have to get out there, starting small and then working up to bigger things. This will build up your confidence, experience and knowledge.

The best person to tell you what to do is YOU!![]

Have a great day,
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 market that we do. Farmers and people working in rural towns are as intelligent as you and I, well I can speak for myself anyway.

Many rural people live in the country because they want to, NOT have to. We choose to keep away from the narrow minded, city slickers who wouldn’t last a day doing REAL work.

Please stop your uneducated ravings, as we are all too busy to listen to this stuff any more.[!]

Thank you.

WILANDEL

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 would become an active member in this forum, which is full of very knowledgable & friendly investors. The forumites enjoy answering your questions, and trying to assist others.

It is amazing how quickly “the table turns” and you actually become the one helping others on the forum.[]

Why pay others to do something that you will probably do better yourself?, that’s the way that I look at it.

Go on, believe in yourself. YOU CAN DO IT!!![]

Good luck,

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 / landlord / property manager hassles !!![8D]

Good luck,

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, vibrant, happening and worth investing in.

So I guess, if it feels right DO IT.[]

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 [email protected].

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 can.[]

If you decide to go down this path, it should be a simple process for you with contracts etc. that the vendor can help you with.

Hope it all goes well for you.

Del