Hi Casey. Forgive my ignorance regarding Qld. Are they in housing commission suburbs or spread amongst all suburbs? Where I grew up they lumped them all together until a few years ago when the housing commission started buying cheap houses in regular areas.

You can always smell roses when you’re running with them in your hand.

Perhaps my post came across a little more harsh than I intended. I am happy to share any experiences or offer suggestions where I think I can. And I believe almost everyone here would feel the same way about sharing experience and knowledge.

As to finding a deal for someone, probably not.

We all come here to learn and share knowledge, and even…[Read more]

Guys – try a search function, as I seem to recall a similar thread a few weeks ago. Haven’t been myself but I think feedback was fairly good, but don’t quote me[]

Personally I stick to houses as all the value is in the land. Value of the dwelling goes down over time, value of the land increases (theoretically).

I definitely don’t do holiday rentals – house or unit. Too many variables, too many extra costs, too much of a niche investment if I ever wish to sell.

That’s great Dino.[] Had a good chuckle at the creative scenario. Hope you get some good advice.

Former Taswegian from the glorious north of the state! Been in Sydney for 4 years. Still have 3 IP and 3 blocks of land in Tas.

Agree – everyone wants to take the easiest route possible. Personally I wouldn’t ask others where to find the best deals as I wouldn’t share mine with someone else if they asked. I don’t think I’m rude but gee whiz, why should i do all the hard yards and then just give it up for someone not prepared to put in some effort.

I don’t think it is a straight forward as yes or no as it all depends on your own investing philosophy and intent to use the information in the book.

Personally I’m not interested in tiny regional areas and sub 50k properties, even if I make 10 or 20 bucks a week on them – it just isn’t worth my time, and doesn’t fit my profile.

However I still…[Read more]

Better than one quote I recd. 9% of total rental contract (ie 52 weeks @ 190pw x 9%) plus 11-16% of weekly rental.

I don’t live in SA but to me it seems very expensive for what it is (Adelaide that is). Doesn’t attract migrants from other states or overseas, yet fairly high prices. Was on my list, but question the value now.

Anything by the water, anywhere.

I say forget the 11 second rule. You can’t be ruled hard and fast by such a limiting guide. It’s a rough estimate only and not the only tool in the shed.

If it covers repayments and is a decent property I’d jump on it. But that’s based on my philosophy for investing – I have no interest in sub $50k cheapies in the town of Bumfluff, population…[Read more]

I’d start ripping into that car loan – at $120 a month it isn’t too high (unless you meant $1,200), but you could make some serious headway with extra payments. Sooner you own it outright the better.

Might depend on how many years ago it was. Best to be up front and ask around. May have to pay more initially to build up a good history.

Haven’t heard this one before Merlo. I’d be interested to see responses from others. Sounds too good to be true.

I think the more books you read the better off you will be. No single book can provide you with all the answers or an easy path to wealth. Each book adds a little something to the others and helps you form your own individual style/goals.

It’s a lot easier to slam a book than it is to actually write it.

Another book I read that seemed quite…[Read more]

That’s going to haunt me now isn’t it? []

Good thing I didn’t use Tab as an example[]

Hi Arty is that Advantedge? Where I work we have access to it as well. I thought it was a nice idea for companies to offer this sort of service for employees. It is, however, owned by the National Australia Bank, so getting the same tired spiel doesn’t surprise me with one of the big 4 involved.

PB

I’d suggest starting via a search of the forum for trust/company type key phrases. It has been covered quite a bit.

Next step invest in some books and an accountant to formulate what is best for your individual situation. It’s different for everyone so best to tailor to your needs than someone else’s.

Cheers

PB