Forum Replies Created
Hi Gordon,
I only have one ppty in the valley, at Traralgon, which was bought one month ago (for $80,000). I have spent the last month doing a reno incl. paint outside & inside, new bathroom, new kitchen, new laundry, new downpipes & gutters, etc. etc. spending about $7,000, and have just listed it for rent for $170 p.w. Apart from a down turn that is predicted, I feel Traralgon will keep it’s value more than some areas in the valley. (I hope)[
]I believe Traralgon is a more “preferred” town in the valley. Just be cautious about parts of Moe. It unfortunately has never recovered from Jadon Leiske’s murder I don’t think.
Other areas such as Berwick, Pakenham, are very expensive and you’d be EXTREMELY lucky to find anything that is cashflow +. They were great 5-6 years ago.
Churchill does have a good uni, but if you are hoping for capital gain down the track, it wouldn’t be my first choice. The agents were telling me about Rosedale recently, however, it is a much smaller town. I would be concerned about vacancy rates there. Sale I believe is worth a look at. I haven’t researched it yet, but my gut feeling is that it will become very popular soon!
A lot of investors have jumped in around the valley recently, so do your research!!
I am from West Gippsland, and have relatives etc in the valley.
Good luck, and hope I have helped a bit.
DelHi Poochi,
I will be attending Steve McKnight’s seminar that weekend. I got the earlybird 2 for 1 price deal. Good value.
$7000 is a lot of money in anyone’s terms. Please do a lot of research before you hand that sort of money over. There are a lot of SHARKS out there!!
I’m sure there will be some things that you will learn doing the seminar, but that sort of money is equivalent to a 10% deposit on a cash positive house.
Good luck,
Del
Hello Paul,
I am not retired, but after joining this forum less than 2 mths ago, I have since bought 2 I.P. houses, and one block of 4 units in Victoria, all returning 10%+.
This is only a starting poing, however, these alone mean that I could work 2 days less a week if I chose to. Who would want to retire when Steve is teaching us all such great investment strategies??
After all, it’s up to us to make it happen, or in your case NOT HAPPEN!!
Re your earlier post: – Do you always buy the chepest clothes, or do you sometimes pay a bit extra for QUALITY or STYLE???? I really believe that you get what you pay for. I do not fel that Steve’s seminars are overpriced and I have happily made a smart investment decision to pay for his seminar in May. I didn’t have to even think about it for long, I have got the two for one earlybird deal and feel that I (we) will receive GREAT VALUE FOR OUR SMALL INVESTMENT!!! If you do not feel that Steve is a great mentor, why are you a member of the forum?
There are too many negative people out there, who just sit on their backsides and complain all day.
SMILE [
] AND BE HAPPY – LIFE IS TOO SHORT TO BE ANGRY.Regards,
Del
Hi Glenda,
We have our own business (an asparagus farm) and have large business loans, and now P.I. loans. We have our total debt covered by insurance, but as you say it can be VERY expensive doing this.
Our superannuation fund pays the insurance. It is MUCH cheaper to do this. Perhaps you could enquire with your accountant.
You must continue paying into your super fund, or your super will deteriorate. But the way I look at it, if we are all paying off lots of properties, this will become our superannuation!!!
Good luck,
Del []Steve,
You’ve just made my christmas shopping much easier!!!![
] Sounds great. When will they be available??Seriously, it sounds to me like this book could even get “ME” [:0)]to sit down and read, all the way to the end!
Good luck and keep us informed of your progress,
DelHey ZIZ,
I agree with what you said about the vacancy rates being the biggest risk. (Well, the likeliest risk that may / will occur from time to time).
The 3 month emergency fund is a great idea. I think that I will do that as well.
Thanks!!
Del[]Hi McMahon & Isagold,
Thanks for the great advice. $440 isn’t much when you look at what they can save you. Isagold, I hadn’t thought of a digital camera. The properties I am buying are up to 3 hours away from Melbourne city, so this makes good sense.
Thanks all for the replies.
Del []Hello Felicity & 4Walls husband,
Thanks for the insight into the way you are operating. I can see now that it is not black & white !! It all depends on your circumstances. I think that until I get started in wrapping, I will make my loans P & I. My returns may not look as great on paper, but I can see that my debt is reducing. With the prospect of war just around the corner, I want to minimize my exposure and sleep better at night!!! Thanks again and best of luck!
Del[]
hi there!
I
Did anybody tape sixty minutes the other night?
I am desperately interested to see it and can’t believe I missed it. I would pay for a copy (let me know how much you’d want!) or, I could either borrow the vid, watch it and send it back….
cheers-
Barb
Barb,
I watched it, and got inspired. Sorry couldn’t find a video in time, but check out their website. “www.financialsuccesssystems.com”. I immediately arranged to fly to Brisbane and attend the seminar a couple of weeks ago. They are very inspiring men. Geoff Doidge and Paul Eslick. They will be speaking at Steve McKnights next seminar on May 31. It’s great to see women achieving huge property portfolios too!!
All the best,
Del[]
]
] AND BE HAPPY – LIFE IS TOO SHORT TO BE ANGRY.
] Sounds great. When will they be available??
