PropertyInvesting.com | 888Abundance | Activity https://www.propertyinvesting.com/members/888abundance/activity/ Activity feed for 888Abundance. Mon, 13 Apr 2026 13:56:54 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 6e267a0a45c5e0d3788412678e80d224 888Abundance replied to the topic Investing or Finance Game - Cashflow 101,202,etc. What else is out there? in the forum Hi Forever Student Go to https://www.propertyinvesting.com/topic/4398145-investing-or-finance-game-cashflow-101202etc-what-else-is-out-there/#post-4613313 Fri, 25 Dec 2009 10:19:35 +0000 Hi Forever StudentGo to http://www.888abundance.com and check out the page on the property boardgame.  It's a 'business simulation' of the Australian residential property environment.  It's not monopoly and it's not an easy 'game' to play.  But my view is, if you're serious you would take time to learn the ropes before you invest the big do…[Read more]

]]> a3217fc7dd58b9aaf2d177db281b6054 888Abundance replied to the topic Cashflow 101 game in the forum Opinionated! https://www.propertyinvesting.com/topic/4368124-cashflow-101-game/#post-4429745 Fri, 13 Jun 2008 08:12:29 +0000 Hi DrpinoyI have some contact details for some people who have purchased 'Property Millionaire – the Boardgame' (which is a close simulation of the Australian residential property market) from my website at http://www.888abundance.com or drop me a line at gls@888abundance.com with your details and I'll see if I can put you in touch with…[Read more]

]]> d5855475bb1e3a6376c4dab20c691265 888Abundance replied to the topic Is it worth the risk? in the forum Hi Tuggerwaugh The idea of https://www.propertyinvesting.com/topic/4392321-is-it-worth-the-risk/#post-4582772 Wed, 13 Feb 2008 08:02:27 +0000 Hi TuggerwaughThe idea of going for a cheap positive cashflow property has merit, but would it work in your situation as an additional property?You currently have a mortgage of $730K and property valued at $800K.  It appears this means you are already quite highly geared at the 90% mark.  There doesn't appear to be much capacity to draw on any fu…[Read more]

]]> eb05e6e86301f302ac628e168713bcc7 888Abundance replied to the topic Sell & rent...the age old topic? in the forum Hi Paul I think what Terry https://www.propertyinvesting.com/topic/4392268-sell-rent-the-age-old-topic/#post-4582531 Wed, 13 Feb 2008 01:49:44 +0000 Hi PaulI think what Terry and Marc are indicating is that you are actually in a v.good position with your own home and only a small mortgage.  Also to trade your asset and current financial position to rent a place and putting the proceeds into a bank or cash type investment seems like a poor alternative.I'm sensing you're quite risk averse and…[Read more]

]]> 2da66adf26ee670c572667c30635d3c2 888Abundance replied to the topic Melbourne - young 1st timer in the forum Hi Mike You seem to have https://www.propertyinvesting.com/topic/4392306-melbourne-young-1st-timer/#post-4582719 Tue, 12 Feb 2008 02:49:17 +0000 Hi MikeYou seem to have covered off most of the basics.  You might want to add in 5% of the purchase price in respect of estimated money required for costs.  There are also a few mortgage brokers on this forum who could do a good desktop review for possible mortage capability.In relation to the areas, the US, timing in the market, renos … th…[Read more]

]]> 491855ab4100ec029fd3843a760c8f5a 888Abundance replied to the topic How to buy second IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392295-how-to-buy-second-ip/#post-4582683 Mon, 11 Feb 2008 13:11:00 +0000 Hi SarahAt $400K value and $355K mortgage, there appears little equity left to draw on unless you refinanced your LVR at above 80%.  This may then attract LMI if you decided to go down this track.Your saving of $340 per month however sounds promising.  Also assuming your tax variation impact returns $450 per month, that would mean your tax r…[Read more]

]]> 46e280217f087e2a4ff836a85d8881e5 888Abundance replied to the topic Can we go 1 more property? in the forum Hi Tuggerwaugh You pose an https://www.propertyinvesting.com/topic/4392266-can-we-go-1-more-property/#post-4582518 Mon, 11 Feb 2008 12:50:33 +0000 Hi TuggerwaughYou pose an interesting 'dilemma'.  What I'm going to suggest in respect of maintaining P&I rather than going straight to IO may seem to be counterintuitive to the traditional wisdom?  But bear with me and think this through.  You say you have a mortgage of $730K and property valued at $800K.  It appears this means you are alr…[Read more]

]]> e6f4a6020f76bdf30e854343db345097 888Abundance replied to the topic Help me with this deal i got offered plz... in the forum Help Needed! https://www.propertyinvesting.com/topic/4392105-help-me-with-this-deal-i-got-offered-plz/#post-4581651 Mon, 28 Jan 2008 02:55:15 +0000 Hi RohanJust a few other things to think about.Tradtionally we might expect a buyer's agent to be 'marketing' properities locally.  However it might be reasonable to assume that the agent's experience could extend beyond their own 'residential' location.  For all we know, they may have very good information and intellegence on that area (or they m…[Read more]

]]> 140a6f74df2d0ff04db46de3a50b29d8 888Abundance replied to the topic Getting Started - what to do! in the forum General Property https://www.propertyinvesting.com/topic/4391998-getting-started-what-to-do/#post-4581048 Thu, 17 Jan 2008 07:08:23 +0000 HiBit hard to tell what's possible. The $80K may or may not be 'accessible depending on what you're unit is worth.  If your unit was worth $100K and you have $80K in equity and $20K in debt, that could be good.  If your unit was worth $800K and you had a mortage of $720K and $80K in equity, you're options may be fairly limited.Also do you j…[Read more]

]]> a5be82d16e96255bf80a2eca73ff2f87 888Abundance replied to the topic How did you get started? in the forum General Property https://www.propertyinvesting.com/topic/4391990-how-did-you-get-started/#post-4580998 Thu, 17 Jan 2008 01:29:40 +0000 HiThe market has changed quite a lot since I started so I don't know how relevant that would be – except to say, there are always obstacles in every marketplace, and success can sometimes depend on discipline and your ability to problem-solve.Some of the classic issues for first timers are:- the cost of a first property mortgage (at $300K+)…[Read more]

]]> b8c27b78bbf3b37a586b49c34f3b7156 888Abundance replied to the topic to keep or not to keep in the forum Might depend on where you https://www.propertyinvesting.com/topic/4391838-to-keep-or-not-to-keep/#post-4580070 Fri, 11 Jan 2008 09:47:16 +0000 Might depend on where you are in life.If you were at the retirement stage, then owning your place outright does sound very attractive.

]]> 87df788e68f150eef78913343e950236 888Abundance replied to the topic Beginner Investor! in the forum Help Needed! https://www.propertyinvesting.com/topic/4391917-beginner-investor/#post-4580516 Fri, 11 Jan 2008 09:38:52 +0000 Hi RobTo have paid off $80K ($320-240K) in 2.5 years is an amazing achievement.  Well done.  Also your equity position looks very good.  So it might come down to serviceability and a few other things.Borrowing against the equity to buy an owner-occupied home will create debt that is not tax deductible.  Also borrowing $650k more for 1 mort…[Read more]

]]> bafbe4036b9b8d5c0a6eba793807b587 888Abundance replied to the topic WHAT IS THE BEST BOOK FOR BEGINNERS IN PROPERTY INVESTMENT? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391829-what-is-the-best-book-for-beginners-in-property-investment/#post-4580044 Sun, 06 Jan 2008 11:46:13 +0000 HiIt's a question that's been asked a lot – might be better if you tell us what you hope to find in a property investment book that will inspire you to take the next step.Or if you ask people what was it they 'read' that got them started.

]]> bc5dbf24f6a94f5f126f1b1a8155bcd3 888Abundance replied to the topic Are we in a position to invest in property?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391756-are-we-in-a-position-to-invest-in-property/#post-4579173 Sun, 30 Dec 2007 03:18:41 +0000 Hi Mooni75The answer is probably yes depending on whether you can service further mortgages, whether you have any spare 'cash', and what your risk management plan is (being agressive is one thing, having a good well thought out exit strategy is better) .  From what you've described, your LVR is at 77% – so you would probably be in a marginal…[Read more]

]]> af3a07df55f2929e67b0409d439b3d32 888Abundance replied to the topic Newbie needs direction - how to find finance planner, what to do with current property, etc in the forum Hi You could go to a bank or https://www.propertyinvesting.com/topic/4391548-newbie-needs-direction-how-to-find-finance-planner-what-to-do-with-current-property-etc/#post-4577957 Thu, 29 Nov 2007 05:35:37 +0000 HiYou could go to a bank or lender or mortgage broker site online or ring and just get some general info first.  That might give you a basic starting point.  There are also a couple of MBs on this site who would be willing to help.Or, if you want to drop me a line at gls@abundance.com and give me a bit more detailed info on your circs, etc.  Gary

]]> ce378e97a9026f85b5f7b7325570ee02 888Abundance replied to the topic 2nd Property in the forum darrenholmes68 wrote: I'm https://www.propertyinvesting.com/topic/4391006-2nd-property/#post-4575190 Tue, 02 Oct 2007 07:11:19 +0000 darrenholmes68 wrote:
I'm told i can buy a cheap property in Melbourne with no deposit but can't get a cheap investment property with no deposit.

DarrenI don't understand this part of your comment.  Can you clarify?  Do you mean that you can afford to buy a cheap property with no deposit but there are no cheap properties in your price range in…[Read more]

]]> ddf2a6811e49a2527f0bba65d1b1c083 888Abundance replied to the topic Display homes with leaseback, etc. in the forum Help Needed! https://www.propertyinvesting.com/topic/4390986-display-homes-with-leaseback-etc/#post-4575037 Mon, 01 Oct 2007 03:25:57 +0000 Display Home – what kind of tenant? Hi DwvJust a few different considerations you might want to think about apart from what has already been said.Is the display home only to be used as display (?) or is there a likelihood that the developer will 'occupy' at some point. There are three issues with the answer to this.If used only for display, they…[Read more]

]]> d2b98a24b1bd00aa7c485e49a13a5ee7 888Abundance replied to the topic A Fresh Start - Advice Needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4390962-a-fresh-start-advice-needed/#post-4574905 Fri, 28 Sep 2007 08:37:50 +0000 HiSounds like you have some solid 'assets' behind you.Before going into property investing, work out a simple plan on a page your goals – eg passive income of $xxx per year, choices to work or not, etc.  This should be measurable and outcomes focussed rather than describing a state like "I want to be rich".  Why do you think property investing is…[Read more]

]]> 8a8ab63831cb4f1d6d3dabf9a9f7911d 888Abundance replied to the topic Getting Started in the forum Hi As a 1st timer who wants https://www.propertyinvesting.com/topic/4390852-getting-started-39/#post-4574391 Sat, 22 Sep 2007 07:21:19 +0000 HiAs a 1st timer who wants to build an investment portfolio – 2 questions are: what is your level of real or learned experience (have you purchased before, read books, etc)? and what is your comfort level with risk? The best advice from people still needs to be put into context with your situation.Buying interest only may be good for an…[Read more]

]]> bbe0a8b567b04fa307d39158d7df1509 888Abundance replied to the topic Pergola without council approval? What to do? in the forum Help Needed! https://www.propertyinvesting.com/topic/4390760-pergola-without-council-approval-what-to-do/#post-4574029 Sat, 15 Sep 2007 07:08:28 +0000 ApanaYou have to think long term implications as well as the short term.The 'risks' you have flagged are quite serious.  You will be liable as the owner. In addition, you may find difficulty in taking out landlord's insurance to cover yourself (until the problem is rectified) particularly as you have now been made aware of the issue (and you ca…[Read more]

]]> 01992c2045f60ce451ff1e22f9960020 888Abundance replied to the topic It's time to start! I need genuine advice. in the forum Help Needed! https://www.propertyinvesting.com/topic/4390757-its-time-to-start-i-need-genuine-advice/#post-4574001 Sat, 15 Sep 2007 06:48:47 +0000 Hi AndyWith a $100K 'cash', you're in a very good position.  Problem is grappling with the options and your view of risk and comfort zone.  The trick is probably just to get into the marketplace as soon as you can with a low risk plan first.As a 1st-time investor, maybe you could consider a low-entry level investment for your first (until you b…[Read more]

]]> 0b13ca9b33e3b587316d072c9c5b635c 888Abundance replied to the topic Young Investor in the forum Help Needed! https://www.propertyinvesting.com/topic/4390187-young-investor-2/#post-4570621 Sun, 15 Jul 2007 04:38:30 +0000 Good for you in thinking about your future 'early' in life.Before you 'jump in too quickly', you should develop a plan for the short, medium & long term about where you want to be in 1 yr, 5 yrs and 10yrs in terms of assets/properties, income, lifestyle.Then look at fleshing out strategies to achieve the goals of each plan, which should indicate…[Read more]

]]> 444e622545348579340c02abe301601d 888Abundance replied to the topic My first IP... help please!!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4389601-my-first-ip-help-please/#post-4567640 Mon, 14 May 2007 08:40:27 +0000 OdenskaIf you can afford the 20% deposit, why would you consider going 105%?Think about what your long term strategy is?If this is your first IP, from the point of view of banks/lenders profiling you as a credit risk, I'd go with the more cautious approach (if you can afford the 20% deposit).  Later on when you purchase other IPs, this will…[Read more]

]]> f7bf322363657175fdc0a185bd28057d 888Abundance replied to the topic How would you word these clauses in a contract? in the forum Help Needed! https://www.propertyinvesting.com/topic/4389600-how-would-you-word-these-clauses-in-a-contract/#post-4567633 Mon, 14 May 2007 08:23:10 +0000 CrystalIt doesn't sound like you've lined up a solicitor yet for your purchase.  Any decent lawyer would haver advised you on the above.  In addition, sometimes they advise for the contract to be sent to them as your rep before signing anything (so the opportunity is there to amend or add in any clauses).Some people may view this as t…[Read more]

]]> e95ccd7ee706ac105a8a77a8d41c6f72 888Abundance replied to the topic NEW STARTER NEEDING ADVICE. in the forum Help Needed! https://www.propertyinvesting.com/topic/4389532-new-starter-needing-advice/#post-4567386 Mon, 07 May 2007 07:47:33 +0000 Hi DanYou probably have enough to buy now if you were looking to go out into regional Vic or NSW and start off with something modest such as a small 2 bedroom unit in a small complex where your risk is also spread with a body corporate of a few other owners.However, a good starting point might be to think about a few other questions first:<-how…[Read more]

]]> 6c356b0d22c63f1b3c880b9b0d50639e 888Abundance replied to the topic First time investor...help needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4389490-first-time-investor-help-needed/#post-4567213 Fri, 04 May 2007 02:17:37 +0000 HiA better approach might be to get some help in terms of what you can afford based on your income/possible equity/savings.  This might begin to open up other options of what to buy and how much you can afford.  Also, different IP such as student accommodation can have different conditions attached to it from lenders.There are a few mortgage b…[Read more]

]]> 923e018dce9707fbb4eb93c9b227eb79 888Abundance replied to the topic Young First Time Investor in the forum Finance https://www.propertyinvesting.com/topic/4388842-young-first-time-investor/#post-4564074 Tue, 20 Mar 2007 07:25:35 +0000 Hi Carl

Sometime ago, Richard Taylor put up a post on shared equity loans/mortgages. This may offer you another option for your situation.

Hopefully he can respond to your situation with some insights.

While there were mixed feelings about the pros & cons of these arrangements, I think it’s important to consider critically whether it suits…[Read more]

]]> 6fc4727d291716376795696bcbc35b4f 888Abundance replied to the topic Property investment 2007 in the forum No Subject https://www.propertyinvesting.com/topic/4388937-property-investment-2007/#post-4564466 Sun, 18 Mar 2007 14:47:49 +0000 Hi

In terms of whether this is a good investment, it’s a bit hard to tell. If you bought at the list price and you only get 6% return from rent, and if you take out a mortgage at say 8%, then 2% is going to come out of your own pocket. That might be OK if you can afford to do this, but that would be based on you achieving some good capital…[Read more]

]]> a6add87373eb45b58428e85768f6f789 888Abundance replied to the topic How can I improve my property investing? in the forum Help Needed! https://www.propertyinvesting.com/topic/4388929-how-can-i-improve-my-property-investing/#post-4564419 Sun, 18 Mar 2007 09:45:01 +0000 Hi

For a young guy, sounds like your partner and you’re already doing very well with property investing. Good work so far.

In terms of your ‘lending strategy” to borrow up to 80% against your investment properties (and access $400K plus saving up $100K) to access the deposit, you may be wrong in your thinking.

“Saving” $100K in one year will…[Read more]

]]> 1023e7c50e3b661c1984df4d1295c031 888Abundance replied to the topic Self-contained apartments / Resorts in the forum No Subject https://www.propertyinvesting.com/topic/4388766-self-contained-apartments-resorts/#post-4563727 Sat, 10 Mar 2007 15:32:14 +0000 Hi

You wouldn’t buy these for capital growth in the short term, but for cashflow because the ‘rent’ from the motel could be higher and more ‘guaranteed’ for occupancy (depending on whether it was a straight guaranteed lease amount as opposed to pooled arrangements).

In Brisbane, the arrangements for these are a bit better in terms of ‘guaranteed…[Read more]

]]> 4ee1e7294e6b20827d19f53ec3b3ed75 888Abundance replied to the topic Just some advice in the forum Help Needed! https://www.propertyinvesting.com/topic/4388792-just-some-advice/#post-4563822 Sat, 10 Mar 2007 15:14:15 +0000 Hi Casey

Might depend on what your medium term goal is:

Either:
(1) Continue investing now that you have established your portfolio, and grow your assets; or

(2) Take all your profits, own your new PPOR outright with some cash left over after capital gains tax on your IP.

Or, which one allows both you & your partner to have peace of mind,…[Read more]

]]> 61b489ca0d332740870c2b4b77c2d860 888Abundance replied to the topic 11 second solution in the forum Help Needed! https://www.propertyinvesting.com/topic/4388668-11-second-solution-14/#post-4563336 Wed, 28 Feb 2007 01:04:50 +0000 Hi Katz

It was probably a different marketplace at the time this book came out. I think this is acknowledged in Steve’s latest book and he explores both the ‘principle’ of the 11 second solution and how it can be adapted to the current market.

Sometimes, you need to read what you are being told critically in the context of how and when it was…[Read more]

]]> 776f637561336d42f369c52a97be3834 888Abundance replied to the topic Interest Only Loans in the forum Finance https://www.propertyinvesting.com/topic/4388510-interest-only-loans-16/#post-4562615 Sun, 25 Feb 2007 05:24:40 +0000 Hi Jxf

You’ve has some very good input (particularly from Simon).

However, as he intimated given all the feedback you’ve been given, only you can make the best decision for you; and that depends on what your final goal is. This might be a better starting point to create your investment strategy.

For example, if you wanted to own your own place…[Read more]

]]> e6396f7afb00ccec845dbbe0729f288c 888Abundance replied to the topic Property Investment Group in Canberra Needed!!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4387075-property-investment-group-in-canberra-needed/#post-4555949 Thu, 22 Feb 2007 14:18:45 +0000 G’Day

I’ve made contact with William.

We’re meeting next Wednesday night.

If any of you others are still interested drop me a line at gls@888abundance.com.

Regards

Gary
Author of “Property Millionaire, The Guidebook to Having Great Australian Dreams”
Creator of Property Millionaire – The Boardgame
http://www.888abundance.com

]]> 6e3a55a2e98bfcd49923d4ad57f82a1c 888Abundance replied to the topic Young 'at heart' Prop Investors Community in the forum General Property https://www.propertyinvesting.com/topic/4386837-young-at-heart-prop-investors-community/#post-4554866 Mon, 25 Sep 2006 00:12:15 +0000 Hi

I’ll be at Dale GG’s “passionate investment/property expo” event on Thursday 28 Sept (from 12 o’clock) this week as one of the ‘exhibitors’ as ‘author, creator of the business tool “Property Millionaire – The Boardgame”, and I also coach (for mainly newbies & ‘first timers’).

If you’re one of the Young @ Heart ‘members’ that have been…[Read more]

]]> 75ca784abf3a6a3566a305aff6f5e6b5 888Abundance replied to the topic YOUNG PROPERTY INVESTORS club?? in the forum General Property https://www.propertyinvesting.com/topic/4386082-young-property-investors-club/page/3/#post-4551329 Wed, 20 Sep 2006 07:51:05 +0000 Hi All

A number of you have enquiries from different parts of the country.

I’ve PM’d some of you. Others I’ve yet to respond to.

I’ve just come back from Brisbane where the Young@Heart PI Community – SE Qld met for the 2nd time. A number of the other states are also meeting or preparing to meet now.

To bring you all up to speed rather than…[Read more]

]]> 13204a26dd27e8259b1412fc33f233fc 888Abundance replied to the topic Young (at heart) Investors Club up & running! in the forum General Property https://www.propertyinvesting.com/topic/4386569-young-at-heart-investors-club-up-running/#post-4553502 Wed, 20 Sep 2006 07:47:39 +0000 Hi All

A number of you have enquiries from different parts of the country.

I’ve PM’d some of you. Others I’ve yet to respond to.

I’ve just come back from Brisbane where the Young@Heart PI Community – SE Qld met for the 2nd time. A number of the other states are also meeting or preparing to meet now.

To bring you all up to speed rather than…[Read more]

]]> 546e9643e80bd6617ad8f95084a4d655 888Abundance replied to the topic Young (at heart) Investors Club up & running! in the forum General Property https://www.propertyinvesting.com/topic/4386569-young-at-heart-investors-club-up-running/#post-4553495 Mon, 11 Sep 2006 03:24:16 +0000 Hi Mark

I’ve sent you a PM in regard to your query. Otherwise you can contact me directly on gls@888abundance.com .

Regards

Gary
http://www.888abundance.com
Author of “Property Millionaire: The Guidebook to Having Great Australian Dreams”
Creator of Property Millionaire – The Boardgame

]]> adea934a2ee22ecda27f900c9e537e38 888Abundance replied to the topic Young (at heart) Investors Club up & running! in the forum General Property https://www.propertyinvesting.com/topic/4386569-young-at-heart-investors-club-up-running/#post-4553493 Sat, 09 Sep 2006 05:03:28 +0000 Hi DrOO & Janette

I’ve sent you each a PM in regard to your query. Otherewise you can contact me directly on gls@888abundance.com .

Regards

Gary[aacool]
http://www.888abundance.com
Author of “Property Millionaire: The Guidebook to Having Great Australian Dreams”
Creator of Property Millionaire – The Boardgame

]]> 0d82a42d406b0d76aa10cc7f692151d2 888Abundance replied to the topic Unveiling my latest project in the forum Heads Up! https://www.propertyinvesting.com/topic/4386704-unveiling-my-latest-project/#post-4554183 Sat, 09 Sep 2006 04:57:32 +0000 Hi Acey

Very impressive. Congratulations on reaching this point in your enterprise.

Does this mean you’ve left the ACT? For Sydney? or NT?

Gary[aacool]
http://www.888abundance.com
Author of “Property Millionaire: The Guidebook to Having Great Australian Dreams”
Creator of Property Millionaire – The Boardgame

]]> 85fabd491cc9efb5f61b23c6e2670020 888Abundance replied to the topic To increase the rent or not to? Opinions please. in the forum Help Needed! https://www.propertyinvesting.com/topic/4386446-to-increase-the-rent-or-not-to-opinions-please/#post-4552807 Tue, 15 Aug 2006 23:40:13 +0000 Hi

I’m still not sure whether there is no lease or a periodic lease (month by month). In any case, i think your first step is still to get a fixed term lease in place with your proposed rental amount built in (ie $20pw); but I’d get your real estate agent to ‘suggest’ in writing that the amount is appropriate after an inspection. With the…[Read more]

]]> 8811b65a491098b191c102bfd826ba77 888Abundance replied to the topic To increase the rent or not to? Opinions please. in the forum Help Needed! https://www.propertyinvesting.com/topic/4386446-to-increase-the-rent-or-not-to-opinions-please/#post-4552804 Tue, 15 Aug 2006 09:56:43 +0000 Hi

Considering all of the work you’ve done, have you adequately protected your property with a good landlords insurance policy with all the proper components. With this in place, you could then proceed to put in place a proper tenancy agreement. These two small moves should put you in a more ‘commanding’ position.

Cheers

Gary
author of…[Read more]

]]> 18345add617117909d4232c08aa04578 888Abundance replied to the topic YOUNG PROPERTY INVESTORS club?? in the forum General Property https://www.propertyinvesting.com/topic/4386082-young-property-investors-club/page/2/#post-4551310 Thu, 10 Aug 2006 00:46:33 +0000 Hi Guys

I’m young (at heart). I posted on this thread a couple of weeks back that unless someone takes the “lead”, this will not be anything except a good idea. Looks like we still have the same issue.

I’m an experienced property investor, author and creator of a business tool for property investment.

I occasionally visit various States.

I…[Read more]

]]> 04628190bace828bd439480302178e61 888Abundance replied to the topic Help!!! What do you think of this deal? in the forum No Subject https://www.propertyinvesting.com/topic/4386383-help-what-do-you-think-of-this-deal/#post-4552537 Wed, 09 Aug 2006 11:14:00 +0000 Hi Foundation

I was providing a perspective on an investment in the student accomodation property, as entry into the property market appears to be the aim here.

However, I agree there are many alternatives providing better CF (with different risks, etc.). Despite better returns, sometimes people feel more secure with bricks &…[Read more]

]]> 082df474851ded83513851c7f6a6f625 888Abundance replied to the topic Help!!! What do you think of this deal? in the forum Help Needed! https://www.propertyinvesting.com/topic/4386383-help-what-do-you-think-of-this-deal/#post-4552535 Tue, 08 Aug 2006 13:54:29 +0000 Hi

Sometimes the CG issue can be less important to an entry level investor. Let’s look at this slightly differently, and think about CG being a phenomenon of the times.

Banks reluctant to lend because of the size, saturation of units, and there is very little CG. Because of the tight lending arrangements, there is less demand. Less demand…[Read more]

]]> 8a998769c66fd3a598593a8599dcaedd 888Abundance replied to the topic Property Millionaire - The Boardgame at Bris Expo in the forum No Subject https://www.propertyinvesting.com/topic/4386281-property-millionaire-the-boardgame-at-bris-expo/#post-4552127 Tue, 01 Aug 2006 04:36:53 +0000 Hi Colin

As discussed the 2/8 is out for me, I’ll have to try to catch up some other time. Thanks for the invite.

Anyone in Bris at the Expo – drop in and say hello.[biggrin]

Gary
Author of “Property Millionaire: The Guidebook to Having Great Australian Dreams”
Creator of “Property Millionaire – The Boardgame”
http://www.888abundance.com

]]> 5f6fda5d57506c3afd79a7e2d1fd7f86 888Abundance replied to the topic Examples of some figures for +ve Cashflow deals in the forum Help Needed! https://www.propertyinvesting.com/topic/4386286-examples-of-some-figures-for-ve-cashflow-deals/#post-4552147 Sun, 30 Jul 2006 11:42:00 +0000 Hi QL

Pretty broad question and the answers are just as many based on straight mortgage, wraps, finance solutions, etc.

If we just stick to the basics:-

1. Calculate the cost of finance (eg standard mortgage loan might be around 7%).

2. Compare this with a simple rental yield calculation:

(Rent pw x No. of weeks occupancy)/Purchase Price =…[Read more]

]]> 72b87466fd4203efea4513e7ebd678b1 888Abundance replied to the topic First IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4386123-first-ip-7/#post-4551520 Wed, 26 Jul 2006 02:15:02 +0000 Hi Niki

it’s not a bad option, if you can do it comfortably, and you’re looking at as the one & only IP for awhile. I’m basing this on a lower rental yield which would impact your serviceability.

If you’re plan was to get into IP and develop a portfolio, I would look at getting an IP in regional centre with higher postive cashflow first, and…[Read more]

]]> 522383df0ef66fdd516061cc61b83cbb 888Abundance replied to the topic Investing With Friends in the forum Help Needed! https://www.propertyinvesting.com/topic/4386225-investing-with-friends/#post-4551863 Sun, 23 Jul 2006 03:53:39 +0000 Hi Steve

Why are you going into it with 3 friends. is it the high cost of the property? looking to share the risk?

You might have good intentions at the beginning, but will you still be friends afterwards (and it would be a shame to lose a friend over money). People’s circs change. You would have to have some legal agreement agreed upfront…[Read more]

]]> 353dec64771a4c47c075fc6ce8e0cfdd 888Abundance replied to the topic Green investor! in the forum Help Needed! https://www.propertyinvesting.com/topic/4386222-green-investor/#post-4551852 Sat, 22 Jul 2006 00:08:58 +0000 Hi Sar

There’s the usual ones:-

1. realestate.com.au, Domain
2. Try most of the brand name RE agencies (eg LJ Hooker, Professionals, Raine & Horne, First National, etc.

Get a hold of Australian Property Investor magazine and read a few articles for some contemporary info.

Starting with a simple plan is good. I’d map it over 5 years to get a…[Read more]

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