I’m sure I’ve read several posts in the past from members of VFA saying one thing they’d like to see is title in the wrappees name.

So… I assumed that’s what you were alluding to.

We all know what they say about someone who assumes. [whistle]

G

Invest in People for a Prosperous Future!

You mentioned the VFA is working with the Gov’t about Title of the property.

I’m assuming you mean to get the title into the wrappees name.

Why?

What about protection for the wrapper. They are the one’s who have put 20% down, payed stamp duty and gotten a mortgage over the property. They also guarantee it, putting their own assets (ie.…[Read more]

We have a clause in the contract that reads,

“The vendors warrant that all fixed household appliances, electruc light fittings, heaters, air conditioners, and other associated items are in good working order. They further agree not to remove or substitute any of the same, including curtains and drapes, between the time of purchase and…[Read more]

I recently looked at a property with a BER of 140k-175k.

With this property, the lower number was just to get people in the door. They weren’t interested at all in hearing offers at the lower end of the BER.

Interestingly, a couple of weeks later it was re-advertised with a BER of 125k-155k…[Read more]

It’s being held in Balwyn, VIC.

Gordon

Invest in People for a Prosperous Future!

It helps if your partner has the same goals or is supportive of the idea. Bouncing ideas off each other and keeping each other motivated will help drive you to success.

Gordon

Invest in People for a Prosperous Future!

Of course, for realism, you’d have to have more TAX squares (sorry for talking dirty[])

Instead of Just Community chest and Chance, you’d also have a ‘Random Levy’ pile, where you’d get hit with extra duties and taxes.

A Council Bylaws pile, which might stop…[Read more]

It looks like they’ve based their sale price on roughly a 7% yeild.

The thing to do would be to compare rents for other shops in the same area. At a guess, I’d say it would be at least…[Read more]

I own a computer store in Croydon, Melb and Becky is a Sales Co-ordinator/PA.

Gordon

Invest in People for a Prosperous Future!

leased at $375 per…?
I’ll assume week not month.

If that’s Bayswater VIC, then it’s only 5 minutes from where I work.

Gordon

Invest in People for a Prosperous Future!

Would suit first home buyer with an interest in mountaineering.

Gordon

Invest in People for a Prosperous Future!

We’ve shared our plans and what we’re doing with family and friends.

Some of the comments that have come back, have been like, “Well, good luck with your get rich quick scheme”, “Good luck getting into debt”, “You’re going to get burnt so badly” or “I hope you do well, I could never do anything like that. The thought of losing my home is…[Read more]

Code Word “Banana”

You’ve got mail []

Becky&Gordon

Invest in People for a Prosperous Future!

Welcome to the forum [], it must have taken some courage to finally write a post [^]
The hardest part is over, now you can get in here and ask away……

A PPOR is Principle Place of Residence, if I remember correctly.

That’s great to hear that you have 4 IP’s. Have you had your 4 IP’s valued? You might be pleasantly surprised,…[Read more]

You can order the book on this website.

I think you go to the Home page and there will be a link.

I am half way through the book and am loving it! []

Happy Reading
Becky

Invest in People for a Prosperous Future!

Would you rather work all your life to get a small tax break?
or
Pay tax on heaps of properties that has made you financially free?

That’s the question I have asked myself and money’s on option B…..

You need to first work out what you want out of life…..before you can decide which path to take.

Becky

Invest in People for a…[Read more]

Even though you are both in a higher tax bracket, don’t let this stop you from increasing you property portfolio as you can decrease you normal job slowly and then both of you can eventually stop work and become fulltime property investors and not be tied down to the typical JOB.

The only thing that negative gearing would do is keep you…[Read more]

we are also at 0 but not for long. We plan to buy 10-15 properties within 12 months, we have attended both of Steve’s seminars this year and are just gearing up to take the plunge within the next month…..[] Pretty scary stuff but very exciting…..
Great work Slum Lord, you give us all the confidence to jump right…[Read more]

I have been around this forum for a few months and I have learnt that their is more than one way to get started, you need some money to get started and it is preferable to have a permanant income when starting out, as the banks don’t like giving out Mortages without a steady income. I have learnt alot just looking around this website,…[Read more]

I have updated the links sheet to include
The Investors Club and Just listed.

Have a great day []

http://members.optusnet.com.au/sam4sale/index2.htm

See ya
Becky []

Invest in People for a Prosperous Future!

The travelmate.com.au is on my links page.

It’s a great map finder,it even shows the distances and all the roads from A to B. A very handy website to keep in the favourites, I use it all the time to look up remote areas that I am not sure on. If it can’t find the area you can email them and they will get back to you on how to get…[Read more]

Ours too is with the Bank of Melb. We’re going in this morning to sign the docos.

We previously had a mort with 100% offset with the BML, so they waived the establishment fees. There’s a $300 a year fee.

Our broker split the LOC for what is currently still owed on our existing home, and the balance.

Interestingly, the bank didn’t…[Read more]

So far so good, very easy to read especially if you are a newbie. I love all the Steve’s investing Tips []

Good Luck with the Book Launch, we’ll keep our eyes out for the date.

Congratulations Andrew []

See ya
Becky

Invest in People for a Prosperous Future!

I have updated the Links site to include the 3 NZ Websites.

http://members.optusnet.com.au/sam4sale/index2.htm

Have a great day!!

Becky

Invest in People for a Prosperous Future!

quote: u said property in thse areas are selling before being listed. How do those buyers find out baout them ? Is there a way to know about these deals before they are listed?

I have been advised by other investors to ring on Mondays for Deals that have fallen through from the weekend and ring on wednesdays before the properties are…[Read more]

quote:What does ‘responsible investing’ mean to you?

It could mean a few things:-
For the investor: Having – ‘Good Debt verses Bad Debt’, and on the other end of the scale making sure that the person on the receiving end don’t get ripped off!

Richmond – I’m with you, we want out of the rat race and into freedom………

aussierogue -…[Read more]

From the research that i have been doing, I have learned that if large department stores or fast food companies operate within a town then they have done the due dillegence on the population numbers. These big companies put alot of effort into the research before committing to building in regional towns. You can get this information…[Read more]

I have lived near Bayswater and Croydon for about 30 years and is about an hours drive from the city. I would agree with bjajcr for Croydon, it has gone from an average suburb to a well sort after suburb and the prices have gone through the roof in the last year, be aware that some houses are not worth what people expect for them,…[Read more]

I would love to play Cashflow the game and I am in Melbourne, I have also noticed that aussierogue has posted a comment about also wanting to play in Melbourne.

Please email me if you would like to get together and have a game. rebeccastrahan@optushome.com.au

Hope to hear from you soon

Becky

Invest in People for a Prosperous Future!

http://members.optusnet.com.au/sam4sale/index2.htm

I haven’t seen any new additions for a while. If you have any just post them here and I will include them

Bye for now
Becky

Invest in People for a Prosperous Future!

I have been thinking of buying Cashflow the game and was wondering if you purchased it in Melbourne or did you buy in over the net on Rich Dad’s website?
If I am correct it costs around $345 AUS.

I hope you guys in NSW have a great game! It also sounds like a great way to get together and bounce ideas off each other. []

Speak with you…[Read more]

It’s good to hear that you had a wonderful and safe Holiday []

I have always wanted to try out diving, It sounds very relaxing [^]

It certainly will take you quite a while to get through all the new posts, it’s only been a couple of days for me and I’m struggling….

See ya
Becky

Invest in People for a Prosperous Future!

I have updated the link page today.

New additions are Travel mate map helper and a world currency site.

Have a great day []

Becky

Invest in People for a Prosperous Future!

Thanks for the info.
When I was contacted over the phone by these people I asked if it was negative gearing, they said there was a bit but seemed to be evasive.

Thanks again []

Becky

Invest in People for a Prosperous Future!

Neologism
Did you get much out of the seminar?

Invest in People for a Prosperous Future!

I have updated the Links Doc today.

See ya

Becky []

Invest in People for a Prosperous Future!

‘The Game’ was my first experience to any sort of investing, period! I am a mathodical person and realised from the very beginning that we needed a plan, so we sorted out our requirements and luckily for us we had some experience on the table. Off we all went like little squirrels gathering our info, and we even bought 2 houses and I was…[Read more]

I got the OK to give out my webpage address so you can all benefit from the ‘Useful Links’ discussion.

I will regularly update the links spreadsheet and put a date at the bottom of the sheet so you can tell when it was last updated.

http://members.optusnet.com.au/sam4sale/index2.htm

Enjoy, I have already found it useful as a quick…[Read more]

Gotta Groove Gotta Move! [8D]

Becky

Invest in People for a Prosperous Future!

Just looking at your first post, you wrote that the Agent said ‘rental is hard to come by in the area’.

In what context did you mean this?
Did the agent mean it’s hard to find tenants in that area or does he mean there are plenty of prospective tenants, but not enough rental properties?

Obviously if the existing tenant is going to move…[Read more]

I must admit that I learnt more from overhearing other people ask the questions. I am often commented on how much I take in without being in someone’s face! And the funny thing about that is you appear to not know much about that person when speaking to them, therefore you can ask questions that are less personal but still get…[Read more]

I hope this helps,

‘Gotta Groove Gotta Move’ [8D]

Becky

Invest in People for a Prosperous Future!

I’m not sure, but I doubt you would be able to do this.

After all, how can you sign a contract of sale with the person you’re doing the wrap for, if you don’t own the property to sell.

I’m pretty sure you need to own it to be able to sell it.

I guess you could make a contract with someone for an intent to purchase, but I don’t think…[Read more]

Gordon and I are blown away! It was the best thing since sliced bread [] I am so wired!! I had arranged for 2 annual leave days for after the seminar and boy am I glad that I did.

I have written down all my immediate thougths so I don’t lose them, played some tapes from the trenches and rang up and made appointments to see a financial…[Read more]