If you get an agent who is readily willing to discount their commission (which is money out of their pocket, it takes money off the table for their families) then why would they negotiate to get you a top price???In some markets around australia, yes your home will sell in a few weeks, and with not much effort, but when the effort is applied, you…[Read more]

young investor01 wrote:
Hi guys i know out there in the property investing world there are hundreds or even thousands including myself who want to now where to start when renovating that ex-housing commision 3 bedder down the road or that old run down miner's cottage on the outskirts of town. What i'm trying to say is where do you start when r…[Read more]

Wow, I love these suggestions guys!They are all really good, and I especially loved Properly Managed Real Estate, what an awesome play on words, my only worry being that it is a bit of a mouthful, but I really like it. In fact, as soon as I check with my accountant to make sure someone else hasnt thought of the idea (I doubt it) this shall be the…[Read more]

Phil,Really enjoyed reading your post. Good luck to you mate! That is awesome that you have it all planned out!Ive been through a similar scenario myself, sorted everything financial, get it all in order, and set goals so you know where you are going to be at any given time. It sure helps when you have to go to work, at least you know now you are…[Read more]

v8ghia,I believe your very close. I work in a bank, and im the one they talk to about their home loans. I work for one of the big 4, and I would say that yes, 1 in 5 have fixed their home loans, but the important part is, 4 our of 5 are thinking about doing it. People are very scared, and im not talking about investors for the moment, im talking…[Read more]

Hi

But yes, simon is right, go for more land, you will definately have more gains than a unit in the ‘right’ suburb.

But you need to figure out why you are investing in the first place. What is the end goal for you? Then you will have more direction in what to buy first up.

You need to look more into the town itself. What is the main employment in the area? And is that employment looking like it will stay strong for a few years? What is the council like? Some are backwards in these sorts of towns and will wreck the town.
Here is a trick i used, i rang agents in surrounding areas of a town i was looking at, and asked…[Read more]

Hi,

I just wanted to confim a couple of things –
the price you pay is also affected by who it is managed by. By this i mean if you have a small group, it can sometimes be better to have it self managed. I do this for one of my units, and it means that we only pay 400 a year, whereas that can be a starting point for most body corps per quarter.…[Read more]

Hi,

Yes you are likely to be undone by this, as they will do a credit check. Never mind that your committing fraud by lying.
I understand things can be tricky sometimes, but basically lenders view credit cards and personal loans as unsecured debt. This is dangerous debt to a lender, and the more you have, the less you will get from them.
Say you…[Read more]

Hi All,

Personally, you should go to a property manager you really like, but go to their principal. Explain that your not happy with all the added charges, and you want to pay a flat fee.
Tell them that they have more to gain as their rent roll will be worth more, and you can only speak about this to the principal, as the property manager is not…[Read more]

yep,

there is a community which aims to help investors and link up people with the same interests.
The contact person in perth is anita ottobrino, and her email is [email protected].
She is currently overseas at the moment though, so the best thing you can do is go to http://www.888abundance.com.au, and have a look at the young at heart propery…[Read more]

Hey Stephen,

Well done, i bet you worked very hard to save that money. Thats awesome just on its own, and good on you for not wanting to waste it and create a life for yourself through property. I started at 17 myself, and it has only done me favours.

First thing you should do is go into your bank, and ask to speak to the lender. If they dont…[Read more]

Hi,
Good on you for starting early.

There is a group called Young At Heart Investors Community, which offer all the things you seek. It is a non profit community that are there to offer like minded individuals and real answers to any questions, and might be very good to start you off. Go to http://www.888abundance.com.au

Point of advice – go to a…[Read more]

I had the same view as terry.
I used a will kit and the exact words on that are:
“you should also bear in mind that the interest in property known as a ‘joint tenancy’ passes to the surviving joint owner on the other joint owners death, and does not pass by will”

I used a will kit because ill have to do a new one when i get married, which is in 6…[Read more]

Hi,

While nobody likes paying fees, what the agent says is a fair point.

Why would you want to hire someone who is so quick to drop their price to get your business? Then it is extremely possible that that agent who dropped their fees, would drop the price of YOUR home just to get a sale.
Not just coincidence, I see it all the time. A very valid…[Read more]

Hi,
I dont know about other states contracts, but here in SA, a default clause is in every single contract. It is in the terms and conditions, which no one ever reads until something like this happens.
I quote for you:
‘If the purchaser breaches this agreement and as a result, the purchase of the property is not completed on the settlement date,…[Read more]

Hi Steve,
The above post was great advice. When investing in anything, dont rush it. A good deal comes around once a week, they will always be there.
Or you could always use a buyers agent. They can help you find properties that your after, and you might learn alot on the way.
I know a good one if you interested.

Good luck,

Skye

It does depend on what state your in, find your local REI, they will probably have an information line, and they will be able to tell you the law in our state.
im just wanting to confirm about SA. You can make a written offer, and while i guess it would be considered binding, if you are writing the offers properly, you would have a clause in…[Read more]

Hi

Check with your state version of the real estate institute. I know in my state to operate like this, you need to be a registered real estate agent, and you have to do these courses that if you do them at the real estate institute, in my state, costs close to ten grand. Just to fulfil the legal obligations. This is why not everyone can operate…[Read more]

hey no offense to frank, but this is exactly the problem with that company. A buyers agent is supposed to work exclusively for the buyer, but capital cashflow are selling properties too. While franks property with a 10% return, might well indeed be a cheap way to sell, and it might be very good property, they arent looking out for buyers best…[Read more]