Hi Sbav,
I’m interested ;
Did you get a lot out of these materials man?

Hi Cava,
great that yr looking to go for it even when people are saying it cant be done!
I always tell people to start by using whats in yr hand.
So I would start by writing down a list of what you do have ie;resources-time,money,income,serviceability,abilitys etc.
Then search for something that will fit with that.
I would try Australia first I…[Read more]

Hi Clyde,
Have you made any progress with this as yet?
Have you Any thoughts to share you had in getting through it?Then maybe we can help.
Sell one at a loss? or hold for now till/if mine comes?Rent at increased rate?

Manly West is a great spot but not much under $550-$600k these days unless u can do a bit of Reno ing yrself to add value ??
If u bought a 4 bed 2 bath you could get $550-$600p/w rent in this area and good potential growth .
It’s about 17 kms from CBD so median is close to 680k from memory on this product

Hey Guys ,
Brisbane has been getting some good growth already over the past 2-3 years.(inner city then outwards up and down and out approx 30mins.)
It has strong potential to keep ticking over in the next 2-3 years too.
It has many areas where you can buy lower end properties too so helps with cashflow and lower risk IMHO.

Melbourne has been…[Read more]

Great Terry,awesome help

What areas are you thinking dave?

Great points guys,
yes mermaid and a lot of the direct water side suburbs will always be more sought after due to water and lifestyle .As mentioned any suburb with heaps of land around will take many years to grow consistently(once the land is all but dried up)
Coomera has a stigma too and a lot more rentals than OO’s
The thing is too -there are…[Read more]

Great strategy Terry love it!Alot of guys are doing this .
I think though- the thing I found is people starting out are finding difficult is
point 1 Find the dream home –
As People need to not only find their dream home but be able to afford to purchase it too
For example we pay $280 per week rent .The interest only on the property we live at…[Read more]

Great strategy Terry love it!Alot of guys are doing this .
I think though- the thing I found is people starting out are finding difficult is
point 1 Find the dream home –
As People need to not only find their dream home but be able to afford to purchase it too
For example we pay $280 per week rent the interest only on the property we live at…[Read more]

Great strategy Terry love it!Alot of guys are doing this .
I think though- the thing I found is people starting out are finding difficult is
point 1 Find the dream home –
As People need to not only find their dream home but be able to afford to purchase it too

Hi David
No1 is a possibility but maybe pay less than 350k ??you can potentially get cap growth too this way .
Are u wanting enough cashflow from your no1 cashflow strategy to pay the houses off in 5or6 years from the cashflow alone or will you Inject other funds to help ?
Strategy 2)
$600k house . This would get u closer to the CBD in Brisbane…[Read more]

In the meantime – try hard not to get too down on these 2 deals and stop u growing yr portfolio in other areas if u possibly can . Even rent yr ppor our and rent somewhere cheaper till u get on top of it ?!!

I just had a look at Yr deals Clyde
How much do u owe on these ?
If u are gonna lose massive selling or you believe it will turn with Adani(good chance the market will turn if adani happens )-
I would keep paying them down to get close to positive cashflow as quick as possible .then once it turns wait for a period of good growth (not too long)then…[Read more]

Hey Clyde
I am really sorry man- it should be ok to believe that someone can do what they advertise and be able to rely on it . I think most of us have been taken for a ride at some stage in our Investing , so it’s not good man .
For what it’s worth this guy Rocket – seems to believed he was doing the right thing and from what he said about his…[Read more]

Hi Guys,
So sorry to hear of yr troubles.
I am not trying to rub salt in the wounds but its a good reminder for all of us to learn to do our own research and due diligence.
There are many many many (property) selling companies that are salespeople who really beleive they are doing their best to help people but unfortunately are still needing time…[Read more]

Its a a really hard area to find integrity.If he lives OS -I would build relationship with some other investors who may be out of town but have been investing in the area for some time.You need time to build trust-especially here .Try not to tell the PM yr OS either-this is a key.

Sometimes it can be a mistake from the agent too.
other times some people hate agents and sell too cheap as a result .

Great thread guys,
I have rentvested for 20 years+ and it has been a great help to get ahead and build momentum on a portfolio.It does take some sacrifice though.
The more you are willing to sacrifice the quicker you can get ahead.
For example -atm -my wife and I live on someone elses acreage in a 2 bedroom cottage .But if you did the figures for…[Read more]

Hey guys,Good discussion ,
My take is just keep some good cash buffers and hold strong returning cashflow properties that would hold value ok in a downturn.
Warren Buffetts company is holding from memory 96billion in outright cash atm .This is apparently the highest amount of cash they have ever held.They are thinking that there are some serious…[Read more]