tess – im from melbourne also

you really need to be looking at small country towns atleast 200k from melbourne owise they wont cut the mustard.

alternatively try new zealand (im serious)

see other threads on new zealand.

one thing ive learnt from this forum is that you need to be able to cast your net widely in order to find +ve cashflow…[Read more]

good question

im pretty sure alarm bells would start ringing.

if the deductions are legit though – who cares?

sounds like you dont want an audit??

hi

take you weekly rent divide it by 2 and multiply by 1000 – that shld be the price you willing to pay

ie weekly rent 150 / 2 = 75
x 1000 = 75,000

cheers

g’day westan

great story – like reading your posts

a few questions

– what happened in 1997 that gave you the courage to buy 10 properties?? was it a sign from above?lol

you were b4 steve who started in 1999 i think?? who was your mentor and what was aim cashflow of cg ?

another qstn wch you dont have to answer

your net worth is 600k…[Read more]

thanks del – no i wasnt just rfrng to your post.
but you must admit that the captital gains have helped most forumites.

with regard to the new program. i think there is every chance we are going to see 10-20 pct growth in the next two years, as we have for the last 2 years. and hence there a big chance for success.

i will be interested in…[Read more]

i have noticed most of the success stories relate to amazing capital gains, and stories pertaining to renovations etc etc. and not superior cashflow.

even on the country properties where people started out thinking cashflow they have been pleasantly surprised by the capital appreciation.

in a way thats why i think steves strategy is difficult to…[Read more]

i mean primary not promary. that would be kath n kim

spanner

ppor – promary place of residence ie your home!

you can post yr email and ill email you back

cheers

blue depends on yr servicability, what type of properties you wanna buy and a few other things. there are a few mortgage brokers on this forum who can give you the lowdown

cheers

g’day spanner. it depends on your goals.

remember if you take advantage of the first home ows grant you will have a nice house and all the great things that come with that. completely valid!

the downsize is that it will limit your potential to invest in the future because it will tye up or reduce your ability to fund other investments. ie
you…[Read more]

crashy – you’ve scored the quickest 20 in forum history and you dont even like property. thats a great effort.

not sure how many replies you will get on shares, that miught be whole different forum

good luck

in steves defence im sure he is far to shrewed to let this happen. over the prceeding months the tone of his messages have changed and he has advocated exit strategies including selling, reducing debt, restruction loans etc etc.

not to mention all the other money he has coming in from products from this website, seminars and now the book.

the…[Read more]

matty i have the same problem. i call it first home owners anxiety. all the books and info i read suggest that intially you should only buy assets that generate income. thus a home does not fit that bill. it is difficult to sit back however and watch as house prices go through the roof. the upside is that the anxiety has mad we aware that i need…[Read more]

captain my captain

the prurpose of buying an is mnot necessarily to achieve capital growth over the long term. it may be to generate cashflow. sometimes they are mutually exclusive. the trick os to find properties that do both. if you had bought a 20 year old 50k property in rural australia over the last 3 years this would have been achieved. it…[Read more]

ange – by the look of your gross rental seems all your properties are negatively cashflow. remember when you negative cashflow it limits the number of properties you can buy. maybe you shld sell one of your properties and with the money pay down the other three. then you may find you go from 4 negative to 3 positive

then the bank will lend you…[Read more]

i mean they are great

unfortunatley im not experienced enuf or i would offer. with email u dont necessarily need someone from adelaide.
you cld do alot worse than westan and chandara and a few more online/telephone etc.

i think we are seeing an incredibly unique situtaion where the australian property market has boomed for many reasons. the fact that these reason have occurred at the same time is unprecedented

– record low interest rates
– weak stockmarket
– baby boomers with excess cash
– lifestyle changes
– strong world property market
– lifestyle media…[Read more]

how about a new show called ‘who wants to be mentored’

4 couples all living in the same block of flats go to eddy to ask his advise once a week.

at the end of 3 months those who like collingwood, bad jokes, and have a net worth off 10 million win the prize.

g’day richmond

maybe u cld get stuart onto ‘who wants to be a millionaire’ and kill two birds with one stone.

rich and enlightened