HI Kay,
Blue Ribbons is right! Most are hellish in their price range and not generally considered t obe for beginner investors!

It’s all for the groovie rich people (where I’ll be someday – groovie rich that is).

Cheers

C@34

Hey Wilanddel,
I’ve just been looking at the links above (just to have a look) – I’m not really in a position to purchase at the mo. and I noticed that a lot of the homes are Fibro/Weatherboard style homes. Is that the norm for established houses of there?
Of the few that were brick, they weren’t even the most expensive. I know you can modify the…[Read more]

HI all,
just a quickie – why do the properties state the “Capital value of $37,000″ while it is on the market for $46K?
DO they want me to try to argue the price to the $37K? Can some one elicidate (…”Please explain!…”).

sorry to be so goofy.

Cheers

C@34

Hi Bonnie,
just for personal interest, what Town did you buy in? I live in Hedland WA, so have an interest where you bought.
If you’d rather keep it low-key then PM me, I’m very curious!!!

Cheers

C@34

Giday Luscious,
have you tried the local REAs? They all have instant access (via the internet) to that information.

Cheers

C@34

Welcome to the forum TJ,
Does anyone have any suggestions with regards to the suburbs I should be looking at buying in (preferably around perth)? I am looking for high growth areas in the $260000 price range.
If you check out other older posts, you’ll find that most newbies ask the same question, like me! In short, its up to you. There are some…[Read more]

Good Q Apprentic,

I have always thought that the money you spend to make money is tax deductible. That is why the mortgage on your PPOR for an IP is tax deductible and so are all fees and charges.

I cannot see there being a difference in travel and accomodation, as long as you keep all receipts and it isn’t via Disneyland with the whole…[Read more]

Hiya Redwing,
a person you should ask should be KP (on this forum and also in WA). I believe he does similar things or has at least looked into this sort of field. I have discussed a situation like this with him once and he was quite knowledgeable.
I was looking at an IP in Hedland, block size 1381sqm front road acces and a small alley way out the…[Read more]

I never had a mentor. Most people here probably did not have a mentor.

You’re probably right, Yack, but, for once, I can say that I did/do have a mentor! It wasn’t obvoius at first but has turned into such a relationship. He is my former Boss! He’s fifty odd and I was taken in, off the street (so to speak – no previous experience) and made into…[Read more]

we had this happen to us we signed with subject to finance the broker said woo hoo u got the loan then subject to morgage insurance then 15 days later the mortgage insurers said no
Correct me if I’m wrong here, but you DON’T have finance approval unless it is in writing. And in my experience (thru the last 5 houses we attemted to buy) the REAs…[Read more]

The block choices are a 400sqm rear block in Morley for approx $120,000, a 440sqm rear block in Joondanna for approx $175,000, a 600sqm rear block in Bayswater for approx $175,000 or a 550sqm rear block in Bedford for approx $160,000.
On each block of land we would consider building either a 3 x 2 house or a townhouse.

What type of houses are…[Read more]

Hi all,
doesn’t -ve gearing mean you have to loose and can claim back a max of 48.5 cents in each Dollar?! So that would mean, converseley, that +ve gearing means you pay a maximum of 48.5 cents in every Dollar?!
One you loose 51.5 cents/dollar and the other you keep 51.5 cents/ dollar.
I know this is basic, but in times like this, would this not…[Read more]

NO, but my parents once bought a block thru ballot and then build their PPOR on it.
Judging by what you’ve said, it is a kind of lottery with a commercial lease bonus. Depending on the small print and you actually getting one, it looks like it could be a good business opportunity.
How long do they want to lease it?
What do they wnat to do with…[Read more]

As a tenant I’ve always had to pay for it all!

It depends very much on what you want to achieve though (within the Law of corse!). Like Steve has been saying, +CF deals are made rather than found. And in my case, where everything is cut off prior to me moving in (I then pay for reconnection) it is all a clean slate and I did pay for it all.
The…[Read more]

Goe – same Tetris is good, now (or has been for a while) in 3D.
The others are more strategy game, War Craft I,II, & III, Starcraft, Age of Empires, Dark Reign one (didn’t like the second one!)

Cheers

C@34

alwayscurious Posted – 15/09/2004 : 16:29:15

Go Calvin.. Remember – Family is what makes it all worthwhile! It’s no point earning much $ only to have no one to share it with…

Go it in one! I have had to re-adjust my goals – that is change the priority. It used to be get the first house, then the next, then the next, etc, so that I can spend…[Read more]

Young Hobnob,
I’ve been told by the Mortgage broker that I initially employed that to pay off the bad debt faster than you need to isn’t in your best interest to getting a house. We were discussing the purchase of a PPOR!
He suggested to me that I should pay the minimum monthly repayments and then put all else into a savings account (paying…[Read more]

What an awesome article, Derek.

For Caleb this could mean that he could hire his fathers mower and start his own mowing round in his street. Isn’t that how Jim’s Mowing got going?
How’s that for an idea, young Caleb?

Cheers

C@34

Cross colaterisation across a portfolio of 1 or 2 properties may seem to pose no apparent problems to an investor in the early stages of wealth creation,
In a lot of cases as long as the banks continue to approve requests for further funding the investor is content and usually oblivious to what lies ahead.

Usually the problems of cross…[Read more]

Big A,
my understanding of Xcoll is that it gives the banks MORE security. As we all know banks don’t like taking unnecessary risks, kinda like us! So for them to sell you out, the mud has to really fly as it is a last resort to protect them from loss. It gives all sorts of BAD publicity and that’ll cost them money – so they don’t like to…[Read more]