Scampy boy, your at it again eh……??  I see your name all over the web, scrawling the same d…[Read more]

I guess its worth going for motivation, but you do have to be prepared to be sold to. You certainly wont get any amazing tips that you wouldnt…[Read more]

Lesson Learnt: DONT rent to friends……………

Ive owned this place for over a month now, and after several requests to delay the occupancy date, he (my friend) is only moving in now. On top of this, he has told me that he will now only be there “2 months max” (but might want to stay on, not sure).…[Read more]

I have had previous advisers actually reconmend that we take out x-collateralised loans on IPs. I have also had bank managers talk it down by saying that all banks will x-collateralise anyway and that it “dosnt really…[Read more]

Ive dealt with him while in Oz and overseas, and what I like about him is that he is always very calm about the whole process – even when it gets tricky or deadlines get tight. Also, he explains things to you in detail – until you understand why he is doing things without making you…[Read more]

It seems that there will be a sale looming. Personally, I would develop the block or do something that generates income from it without selling – but thats just my opinion.

An independant valuation is critical, Im not even sure that they will do…[Read more]

You need to do you own researchg about the property, the area, rentability etc. DONT rely on any info an agent gives you.

But, an agent can give you info about the seller, and this is often critical to getting a good deal.

Ask things like:

“What are the vendors reason for selling”
“Are the vendors motivated to sell”
“What price are…[Read more]

I always thought that the tax benefits would be much the same – but hey, Im no accountant.

The thing is that when I went into see they guy, I told him I wanted an offset split mortgage. He questioned me, asking me why I would want an OS, when the tax benefits of a LOC where much greater. I didnt have enough time to stay…[Read more]

We were in a very similar position not so long ago, while living in Europe.

We wanted an investment property in Oz, but didnt want to forgo the FHBG. But, we were going to be in the Uk for another year. We bought an appartment and rented it immediately on an 11 month contract. Upon arriving back in Oz the tenants soon moved out,…[Read more]

Also, a family friend who was raised in an orphanage in sydney, managed to become one of the wealthiest men in Sydney. He lost and regained his wealth numerous times, but always came back…[Read more]

I organised an independant evaluation of our property. The valuation has come in at $225,000. This is $35,000 more than the banks valuation a few weeks ago of $190,000. What a difference…

We are now in a much better position to refinance our next property. I STRONGLY reconmend an…[Read more]

Sure, capital gain on houses will be more. But if I have x amount of dollars, I would often prefer a good flat in a boutique building (not a city highrise) that is located close to the city than buying a house in the suburbs at the same price.

Heres why…

I can almost garantee that the…[Read more]

We have made an offer on an apartment. The agent insisted on a 5% deposit – almost $20000. Our mistake was to accept this. [withstupid]

Since then we have realised that it impacts on our available cash flow for other things such as fees etc. Almost immediately after signing the offer, we realised and tried…[Read more]

http://www.drakehomes.com.au/
http://www.dalbyremovalhomes.com.au
http://www.qldcolonialhouses.com.au/houses_removal.htm
http://www.grahamremovalhomes.com.au/faq.html
http://www.wrightbros.com.au

Specifically for property investing:

Michael Yardney’s “Grow a Multimillion Dollar Property Portfolio in Your Spare Time” is a great read. Michael is a reknown Australian developer, so all the content is local. Good Stuff….

This book started it all for me, my wife and some of my friends. I would love to know haw many people are now financially free, years after first picking up this book….

I didnt mean to post this so many times. My connection was slow, so I think I may have clicked “post” a few times to many….

Thanks again for your responses…

Cheers[biggrin]

as the market is at the bottom of the cycle, I can understand the valuer coming in at a lower end of the price range (thinking it may still be on the slide).

But I think that this is bad estimate. [thumbsdownanim
Why?

1. The property has a rental of $250 pw. If I sold today at $190,000, the buyer…[Read more]

I checked the details of the broker i was planning to use – turns out that they were not MIAA approved/members.

Im based in brisbane, do you have any reconmendations for quality brokers with PI experiece.

[blink]

Ask yourself “Do I have the COURAGE to be free….?”

Ive now got a much better idea of what to expect from my broker. I will make sure that they tick all the right boxes.

Thanks ctaing, wanelad, Terryw and Qlds007 for your help…

BreakEven [thumbsupanim]

Ask yourself “Do I have the COURAGE to be free….?”

How can a good broker help here?

I guess Ive just had some bad brokers in the past. What you you guys suggest when choosing a broker, what would you look for and who would you avoid?

I have been contacted by a group called Asset Wise Financial…[Read more]

I have responded to you a few times to say thanks, but I think the forum or my PC is bombing out.

Im off to http://www.lawcentral.com.au to have a look. thanks again…

Ask yourself “Do I have the COURAGE to be free….?”

I recently heard of a woman in her 70s who has decided to start investing in property with success. I hear, time and time again, stories of people who have made great leaps within 5 years – often while earning very modest incomes.

The key is buying quality property in…[Read more]

Regardless of age, I was responding the the vague statement “I heard super is better than property”. Which deserved an equally vague response on why I believe property is a much better option.

Richard, I dont see the value in belittleing other peoples posts, who are just…[Read more]

I read recently inb Money magazine that most Australians wont have enough super to retire on. Scary stuff.

Compare this to investing in property, using the built up equity to multiply and building up a nice little portfolio. If property doubles every 10 years, how many years would it take to own at least 6…[Read more]

I am still looking for a good property investment accountant in Brisbane to advise me of the best choice. I just had a…[Read more]