I have to agree with Jenman on that comment alone, if it relates to owner occupiers looking for a HOME and opposed to an investor looking for a HOUSE.

For those of you who know me – me agreeing with Jenamn does not happen that often… so sorry if I scared any of you…[8D]

PEte

…Beware of the dreamtakers…

Firstly…. congrats. You are definetly moving in the right direction.

Making yourself look good for a bank is like dressing up for a blind date – you have no idea what they will be looking for…

Just keep finding good quality deals and trying to ‘sell’ them to the bank on the deals merits alone….

Keep trying…

Pete

…Beware of the…[Read more]

Firstly – what are your goals?

Capital Gains or Cashflow… this will determine the area to look at.

Secondly, what good would giving out ‘good’ area info do, as once that market is flooded how would you go about finding the next ‘hot spot’.

Its better to teach you how to fish rather then just give you fish….it means you will be able to…[Read more]

The best bet is sit on the net and search for poperties that meet teh 11 second solution…its not easy but jsut keep looking…

Pete

…Beware of the dreamtakers…

You guys are in a sensational position – well done

Treat this forum as a mentor, any questions or thoughts simply post them here, we are all willing to help…

Best of luck

Pete Williams

…Beware of the dreamtakers…

There is no point teaching you where the fish are, its better to teach you how to fish..

If you knew where +ve cashflows were, you could head there and buy no problems – but what happens once that area is ‘fished out’, what would you do then, when you don’t know how to find the next ‘hot spot’….

Sorry to not give you exact details, but it is…[Read more]

Everything is worth looking into to.. but yeah make sure your eyes are wide open….

Let us all know how it go’s

Pete

…Beware of the dreamtakers…

Thanks STU…

Very informative….gets me thinking…

Its good to know these things when you go to ‘market’ your property to financiers….

Pete

…Beware of the dreamtakers…

What are you trying to do? If it is to replace your income with passive income the negative geared properties are working against you.

It comes down to your goals, are you wanting to stop working and live off you I.P’s? If so then you need to be holding +ve cashflow places.

Paying off the loan to make them positive is one way to go. Do the math,…[Read more]

Delight….

1. Is the house worth buying? It is more than 55 years old.
Hard to answer – what are you plans for the property buy/hold?

2. If I won’t push through the sale, what will happen to the money that I spent for the pest and bldg. inspection? Can I tell the agent to tell thenext buyer that the pest and bldg. inspection were done and I…[Read more]

Touchy area – section 115-25 states that a CGT discount is not available where a new CGT asset has been created.

However, I don’t think they mean to include a new house as that type of asset, they mean contract assets, such a leases/stock that are created on realisation of the underlying issue… to technical to explain here..

Just check with…[Read more]

I agree it is note easy, but keep in there. The internet is a great resource, just keep searching and applying the 11 second solution…

Good Luck All

Pete

…Beware of the dreamtakers…

Does Country House & Land Sales have a website ?

…Beware of the dreamtakers…

Leverage your time – use a mortgage broker

…Beware of the dreamtakers…

O.K.

Firstly – a Mortgage Broker is the way to go, its simply leverage, let them do the dirty work and find the finance

Also the use of trust/company structures helps in getting loans – as once one structure is maxed out, you simply replicate the situation. Check out ‘Wealth Guardian’

But, what happens in reality once you have a proven track…[Read more]

THE BEST GAME IN THE WORLD….

Don’t even debate about purchasing this, correction – investing in this product/game. It will change your life – I promise.

Have you played it before? Also where do you live as we should all try and get together for a cashflow game (re-live the old days hey Brent)

Pete

…Beware of the dreamtakers…

Good Luck Mini….let us all know what you come up with…

Pete

…Beware of the dreamtakers…

Do they have a website????

…Beware of the dreamtakers…

Great start guys!!!!

I am very impressed to hear all your goals etc…
‘Tas Investor’ – really like your idea, i am going to try and introduce that idea into my goals…

One thing however, I think some need more clarity is needed. Having a goal of ‘not working’ is fantastic but I feel they need more definition.

Seeing as though I am asking you…[Read more]

I should probably clear something up – I was not looking for advice more interested in others goals etc.

I have them written down, and placed
– next to my bed
– on the shower door, so I can read them out-loud in the shower
– on the back of my cars sun visor so I can re-read them at traffic lights
– and in my wallet

I am more interested in…[Read more]