simple wrote:
moxi10 Joined: 06/11/2010 EPI_Den Joined: 13/11/2010 xdrew Joined: 20/11/2010 Funny that, three persons all joined fairly recently, few days apart from each other and have similar view on the subject. Nick-names are not very creative to. I make no conclusion, let time and posters decide

Funny that .. i just happened to join on…[Read more]

Regardless of how good it looks … I'd say there is one aspect which it falls short on.Your ability to keep in touch with it.Unless you have a fabulous property manager (I have a couple) the distances involved will mean you'll have to book things in and schedule them precisely. From 300kms away. And if anything goes wrong (which they do) you'll…[Read more]

You are talking AFTER the GFC now JPcashflow,Ready credit is still dealt out based on MUCH higher standards than was applicable before the credit squeeze.90% is quite attainable, 95% for most people barring an extremely good and ongoing credit history is very much an uphill struggle.Most people think its all quietened down and its back to…[Read more]

I'm sorry if i'm going to sound like a skeptic until proven otherwise.Traditionally the Nigerian money scam (also known as the 4-1-5 advance fee money scam) is to offer a substatial large amount of money for a goods or service. The amount is tendered and all it takes is a 'gesture of goodwill', an 'amount to bribe officials', a 'deposit for the…[Read more]

saqibDont settle for what isnt right in the first place.Studios and 1br have a high turnover rate of tenancies (unless you get incredibly lucky with your tenants). Thats going to affect your bottom line as that means additional property fees (letting and reletting) that cost you and get deducted from your rents.Good property investing remains the…[Read more]

Jpcashflow wrote:
Hi Xdrew,You have some very valid points to!!There are so many deals to be made out there but one thing i cant get my head around is the numbers they seem not to add up can i shoot you an example of what i am looking at?

By all means. If there is anything I can assist with i'll help out. Use my email here its open for…[Read more]

Rory Breaker wrote:
I recently sold 7.5 arcres of land on the NE coast of Tassie (poor location) after trying to find a buyer sinse 2007.  The land sold under a lease option contract (vendor finance) and attracted no buyers for a straight forward sale.  The lengthy timeframe did not stop me from finding a solution, and in the meantime, I e…[Read more]

I'm optimistic.I've seen our country weather the existing financial pressures better than most western countries. To answer that one incredibly easily all you need to do is look at our exports and exposures. We are incredibly exposed to the Asian countries in our neighbourhood and with a low exposure to western exports and western debt .. the…[Read more]

I'm from Melbourne and I know that Sydney is about 15% more expensive across the board with property than Melbourne's prices.However I can tell you two things. The days of 400k 2br units in Melbourne are just about over. Unless they are absolutely below standard .. they are now mid 400s to mid 500s depending on quality. Reno jobs tend to hover…[Read more]

Its been a slowing thats necessary.If you have x dollars to buy a house and someone injects x+FHO Grant .. then the purchasers of property will extend themselves to whatever x plus the FHO Grant allows them to buy. However on the same note .. the new vendor of the property gets extra cash in his pocket due to the FHO buyer giving him more cash. So…[Read more]

Regardless of what you see on a brochure or computer screen … grab local knowledge.Spend some time talking to a realtor about the area you wish to invest in. Ask the questions.There wont be anything that tells you a property budgeted at 150k isnt right next to welfare morons who will harass your tenancies .. and when your tenants dont want to…[Read more]

Time is on your side.Keen entrepreneurial spirit needs to be matched by thought .. creativity and impetus. There is no point in having either thought or creativity if you are a 'gunner'.My minimum for throwing onto a deposit would be 20k. Thats just me and my safety limit. However you can find ways to achieve your property expectations sooner by…[Read more]

This is the type of situation where the legal eagles step in and earn their money.If you want the contract to be dealt and finished by a certain date .. you can include that as matching termination conditions in most contracts regardless of what is stated on the paper in printed format. Its just a nice way of saying .. do it by this date or we go…[Read more]

Adiskay, there are always cashflow positive properties out there. You just have to know where the deal is.Consistantly .. there will be properties poorly managed and maintained and you can make your money on knowing what the REAL achievable rental price is (validate this with market guides) and what is possible WITHOUT MAJOR EXPENSE to get the…[Read more]

Its all a creative mix of flipping .. financing .. revaluing .. relending.Depending on how competant and real your values are .. there isnt any reason why you cant exchange half a dozen properties within 6 months of the initial purchase. Outside of how the banks deal with you.The competency lies in RECOGNISING the value.Then .. accurately…[Read more]

Istvan .. nice thoughts but obviously you've never dealt in the real world before.Out of every 30 tenancies i have .. there is a consistant 2 that will be bad. Either they are discovered to be bad immediately and terminated as soon as possible .. or they hide it well and are discovered to be poor tenancies at a later date.Tenants dont need a 'body…[Read more]

Its somewhat a matter between getting finance .. and owning property. The banks will put a natural limiter on what you can borrow .. so you can try getting your money from other sources.Believe it or not .. there are lots of people quite happy to be getting 8% or 9% secured by property from a guy who pays his bills on time. If you can prove that…[Read more]

Traditional in hard times for people to save up and renovate instead of repurchase.Not unusual.

My gut feeling is .. if you are really earning well .. i'd now level the 100k up as a pretty positively geared backstop. Since you are bearing a reasonable tax burden due to your income level anyway .. it really doesnt make sense to have it directly in your name. This is one of those situations where setting it up in a company makes a load of…[Read more]

Having spoken to Paul Giezenkamp himself at two years worth of Property Expos .. he offers a comprehensive set of services for the novice investor. If you are coming from a point where you dont understand property or need to create a property investment solution .. he's got experience with what can be done .. costing .. maintainence services ..…[Read more]