Congratulations, Peter. That is great news !! Will it be positive geared once rented at your projected rental? Once it is all settled, share some of the numbers with us. It will be good for others starting out to hear what you have been able to achieve in the current climate.

Benny

Hi San,

The content on web, sentiments of people I meet say its not the right time to invest because price is going down, its selling time not buying, the property bubble is going to burst etc. They also give example of over supply of apartment sin Brissy, McGrath share price fall, 10-15% price down in Sydney etc.

We all hear such things – the…[Read more]

Hi Glen,

Good post, and well thought through. No, you are not missing anything at all – you have it dead right.

Top answer from David too – so many people DO lose money, with several “advisers” promoting negative gearing (the science of losing money on a weekly basis in hope of a Capital Gain down the track).

Just this week Jason…[Read more]

Hi Ragulan,

You are just a week too soon…….

https://www.propertyinvesting.com/topic/5023761-steve-mcknight-2016-millionaire-mega-conference-melbourne/#post-5023873

Benny

Hi JP,
I agree with JamieM. Take it to a Broker (JamieM is a good one) and they can look at your Wage, debts, equity, savings, etc and can make recommendations re “which bank” to go with for best effect.

Who knows – maybe your MB can steer you toward a loan that has you buy a positive geared property that throws off cash that can be used…[Read more]

Hi Pete,

A licensed person that you engage to find a property that meets your requirements.

Where a Seller goes to a Real Estate Agent to have them SELL his property, a buyer might search for a Buyer’s Agent to help him BUY a property. e.g. You might live in Melbourne and want to buy in Brisbane – a Brisbane Buyer’s Agent would have local…[Read more]

Hi Pete,

A licensed person that you engage to find a property that meets your requirements.

Where a Seller goes to a Real Estate Agent to have them SELL his property, a buyer might search for a Buyer’s Agent to help him BUY a property. e.g. You might live in Melbourne and want to buy in Brisbane – a Brisbane Buyer’s Agent would have local…[Read more]

Hi Pete,
Though I can’t recommend firms that are kosher, what I can do is to say that I am sure there are many GOOD firms out there. But yes, there have been countless “horror stories” over the years of marketeers who fleece unwitting buyers.

These are some of the “alarm bells” that should ring loudly if you are dealing with “bad dudes”:-

1. Bad…[Read more]

Hi Pete,
Though I can’t recommend firms that are kosher, what I can do is to say that I am sure there are many GOOD firms out there. But yes, there have been countless “horror stories” over the years of marketeers who fleece unwitting buyers.

These are some of the “alarm bells” that should ring loudly if you are dealing with “bad…[Read more]

Hi Pete,
Though I can’t recommend firms that are kosher, what I can do is to say that I am sure there are many GOOD firms out there. But yes, there have been countless “horror stories” over the years of marketeers who fleece unwitting buyers.

These are some of the “alarm bells” that should ring loudly if you are dealing with “bad…[Read more]

Hi Pete,
Though I can’t recommend firms that are kosher, what I can do is to say that I am sure there are many GOOD firms out there. But yes, there have been countless “horror stories” over the years of marketeers who fleece unwitting buyers.

These are some of the “alarm bells” that should ring loudly if you are dealing with “bad…[Read more]

Hi @knightm

(this assumption is based upon your post over in buy swap sell https://www.propertyinvesting.com/topic/5023764-wanted-old-opted-in-data-bases-to-be-refeshed/) I would never personally sell my list, and I imagine the others here would not either as our clients signed up in good faith not expecting to be spammed by someone else.

…[Read more]

Hi SJK,

You sound very sensible – and I agree that spending money on regional properties would have to be carefully considered. I think you can do far better by looking in other directions to grow your wealth.

e.g. Rather than spend too much time trying to engineer a Tax Benefit (where you might get back 40 cents for every $ you…[Read more]

Hi SJK,

You sound very sensible – and I agree that spending money on regional properties would have to be carefully considered. I think you can do far better by looking in other directions to grow your wealth.

e.g. Rather than spend too much time tryng to engineer a Tax Benefit (where you might get back 40 cents for every $ you outlay….),…[Read more]

Hi Tripaholic,
I haven’t attended any major courses of Yardney’s (just little seminars some years back). I got the impression that Yardney is all about developing – and, if that is the way you are wanting to stretch, maybe his Wealth Retreat heads that way (???) But I really don’t know.

You sound like one who has a very clear idea of where…[Read more]

Hi Brett,
The very nature of “student accommodation” means that for 2 or 3 months of the year, you might not have a tenant. Or, you might be able to use airbnb or similar to “plug the gaps”. But then, that does substantially increase the risk factor surely, and would have some kind of negative effect on the Nett Yield.

When looking at 8%…[Read more]

Hi DTB,

I remember seeing Derek Gehl’s name on the list…..

Benny

Hi @mikesonthemic and @daniel-vic

Any plans for another one to run?

I just heard last night (at the Brisbane Market Update) that there WILL be another one this year – and I think it is in June !!

If you are going along to one of the other Market Updates this week, you will have the opportunity to put your name on a list of interested…[Read more]