Already looking forward to next years event in Melbourne.

We didn’t have expertise in the area so we went the BA route. To be honest I was expecting to be ripped off, but the guy was pretty spot on…[Read more]

After you’ve worked this out you can take the emotion out of it.

If its a buyers market leave your offer and walk away. There will always be aanother property even if it doesnt look like it right now.

Best wishes,

Dwight

As there are possible restrictions on use etc it does lower the price when compared to properties that are strata titled. So I don’t think it’s necessarily a win that it “appears” to be below market value.

As Mick advises double check the company by laws to see if there’s anything…[Read more]

A lot gets down to your own personality and how aggressive an investor you are. You’re clearly coming from a position of strength.
They key is not to put your money where you can’t get at it again when you want it. I personally like to put my money in on offset account so I retain control over it and put in as little deposit…[Read more]

But once you’ve finished the job, you say ‘Never again!’ At least until next time…

I had a written loan agreement drawn up first and this is the very minimum to ensure…[Read more]

Dwight

for some reason I thought it was your property.
I don’t know about Kempsey as an area or what yields are generally.
I can say that are the kinds of number that I’ve found and would lead me to consider the property as having good potential as a CF+ deal.
I would always get to know the area, physically, at the street level before I…[Read more]

What you buy is dependent upon what goals you have. The property is only a vehicle to get you to where you want to go.
Do you want chunks of gain or…[Read more]

My Mum has been self managing her rental next door and I couldn’t think…[Read more]

In my example the numbers look OK on paper, but I was really relying on someone else to manage their investment, so I could then…[Read more]

You need to begin with the end in mind. I hold 8 +CF properties right now and the plan is to sell them if and when the yield drops from the current 9-10% to less than 7%.

Nigel is also right. I don’t think a 6% return is really going to be positive cashlow in the medium to long term.

Best of luck,

Dwight

Best of luck,

Dwight

I can also heartily recommend Results Mentoring. If you are serious you need to invest in yourself and doing this program will help you reach your goals.

It worked for me because I was ready and had resources to work with, so it just bridged the gap between doing a deal and doing a “good” deal. I know other members who are more aggressive…[Read more]

It all gets down to your own personal goals. My goal is to go for…[Read more]

We’re assuming you’re looking at this house as an IP. It’s a great area to live, close to Uni and transport etc.
It will always be in demand for those very same reasons.

Are you looking for yield? If so, look elsewhere. If you want growth perhaps you’re on a winner.

Is there anything…[Read more]

Are you happy with the tenant? Do they pay the rent on time?

Is it easy to find a new tenant or is their a glut of properties.

I own several rentals, some local, some interstate, some overseas and I need to rely on the input of my rental manager on the ground.

Many of my tenants move on to month to month arrangements…[Read more]

There I’ve said it. You can’t be afraid that that property you want to buy is not one you’d even “like” to live in. I own a handful that I most certainly would NOT want to live in.
However my goal when I purchased was to attain a positve cashflow so I could potentially buy more and more.
In my experience the homes that…[Read more]

You have to find your own path though. I have had some success with shares (doing it the old fashioned way – Buy, it went up, I Sell!) and am now looking for cashflow positive property deals.

I have bought in Gold Coast and NZ in the past 24 months and the most expensive home I purchased was less than…[Read more]

In realation to BA I used one when purchasing a unit in Neutal Bay NSW. I’m in Melbourne, so that’s why it was attractivfe to have someome “hunting” for me who knew the lay of the land.

In the end it was a good purchase.…[Read more]

I did a few things over my investing life that wer “borderlne” or tricky. Not necessarily by my own impetus, but becuase I was led to believed they were a “great opportunity” and so on.

I have learned that you have to stick well clear of the “line” and be on the side of the angels with…[Read more]

I spent some time 10 years ago looking into it and didn’t move forward. I have since spent $10k plu son…[Read more]

I’ve also had a fair bit to do with…[Read more]

http://www.realestate.com.au/property-unit-qld-surfers+paradise-114193959
It may or not be cashflow positive depending on how much you want to put into it from an equity point of view.

Why did I personally like it?

Company title which meant low entry costs (yes there’s some grief…[Read more]

I personally traded in stocks with an amount…[Read more]

Why am I posting this. Becuase the fund WILL close in the next 6 weeks. Please don’t come back in 2 months time…[Read more]

Steve often says “what else could I be doing with my money?” and that is…[Read more]

I have handful of properties on the North Isaland that are now bedded down and have been brought up to a reasonable maintenance level. I’m now looking forward to having to deal with making a cash profit each year. Nice problem to ohave to consider.

Cheers,

Dwight

all in your sights and on the same page.
My ongoing…[Read more]

I’ve bought a handful of investment properties in NZ over the past 2 years. Forget going to to Aussie banks. If you have the ability to service a loan and cash for a deposit it’s no different to being over here. You just need the normal documentation.
SOme NZ banks have an affiliation with local Aussie banks which would aid in setting…[Read more]

Have you had any success looking for deals in NZ?

I have bought properties in Rotorua with minimum pain having applied for finance directly to bank there.

I also looked in Wanganui which has a lot of cheaper homes that could also be positive cashflow.

Once I got started in Rotorua it was easier to leverage my local knowledge so I…[Read more]

I can only speak from my own personal experience but:

NO issue with trust purchasing property. At this time there is no problem with foreign ownership and cash is king.

My loans have all be 80% LVR to date. No issue with finance as long as you can show ability to repay (Aus based income etc)

Can't comment on tax rates – I'm working…[Read more]

So far the funds has been progressing just as predicted and I'm confident enough to add more cash now that some properties have been purchased.

Check out the link for more info.

Cheers,

Dwight.