Hi all,
I may be taking a liberty here, but KP (forumite) currently lives in Karratha. Perhaps you might want to PM him directly and he’ll be able to give you some more info. I live in the north of WA myself and we have very similar conditions here. Both Towns are mining Towns and that would be the reason for the predominant +ve cashflow…[Read more]

Hi
I second Terry!
My dad allways says: “Where money starts, friendship ends!”. You getting on well with your ex is great, I wish you well and all hapiness, BUT, when the mud hits the fan, who do you/they look out for first!?
Set some legal rules into place! If you want include the existing PPOR and outline what roles and responsibilities each of…[Read more]

Sorry for my ignorance, but why do you need an ABN?
Do you intend on running a business that brings income in excess of $50K? Or do the whole Co pty ltd as trustee for the XYZ Family trust thing…?

Cheers

C@34

Whinge whinge whinge.
Good onya Steve! I”l keep an eye out for the second book.

Cheers

C@34

Wot about Perth????
I’d even come down from up north, but I can’t afford to go East as yet. Just starting out, pitty.

Cheers

C@34

WOW!
Clement, you have the moral high ground and that would be fantastic if everyone would be on the same page! Investing in property is a business and one would hope that all play by the rules as set out by Law. I guess if investors follow the Law then there isn’t much to be done but let them continue. Having said that, it would be foolish to…[Read more]

HI all,
being in WA (not only that but Farnorth WA) made it impossible for me to attend, even if I did manage to get a ticket (they apparently sold incredebly quickly).
Anyways, back on track, appart from learning new ideas/tricks aren’t seminars about a change of mind-set (to use a popular fraze)!? I attended a seminar here (it cost me $2500 -…[Read more]

I second Yorkers coment. We did all our research using these templates and they are a fantastic aid for begginners. once you have been using them for a while, you find you modify them for your own needs. For me it was like Wharpspeed forward! I guess you’d say that I am an advocate of them. Advanced investors most likely have some thing similar or…[Read more]

Hi all,
in Hedland (north of WA) we use Cracker dust (blue metal crushed mixed with some cement). Once the driveway is properly prepped 9by say a Bobcat) it is laid out and compacted with copious quantity of water. Once cured 9over night) it is rock hard, mainly water repellant but you get weeds, still@!
I agree with you, an nice neat IP is more…[Read more]

Hi al,
being in WA prevents Jenman from getting his “claws” into me, so the only info I have on him and his dealings is from this forum. I have, however, bought one of his books (Reals Estate Mistakes) and have used the info to MY BENEFIT. He describes the good and bad REA and I have used his Q’s to define the ones in my area. The bad REA I have…[Read more]

wots your climate?
For a garden I would choose not only cheap plants that are draught tollerant but also those that self propogate easily, like ‘spider plants’. One plant turns intomany and the gardens wont ever be empty.
Just a thought.

Cheers

C@34

From memory, if you did a search on “MAP Group” it will give you updates from either Steve or… and it wll give you a running comentary on how well they performed. I think that there was issues with the commitment of some of the entrants, as in some left due to diselusionment or personal reasons, not sure.
It would be good to invite Steve to give…[Read more]

How far will That $35-40K get you, though?

Cheers

C@34

Awesome Simon.
one for one. I’m looking for the answer to No. 2!!!!!

Cheers

C@34

Yea, but how will the Tax Dept. know your folks live there? And even if there is some-one living there by the same name as you how can they prove that they are related?
Don’t know, but it would seem that the Taxation Dept. has its hands full with Taxation and Tax cheats and don’t have too much time to become like the ‘KGB’.

Cheers

C@34

K,
Duplex advertised price: $270K,
Currently rented out at $215/week,
Yard untidy, rest of street (no thru rd) houses owned by mining employees and Govt. Servants.
Ave. rental prices for 3Br, 1 Ba $250 to $280 /week.
Not sure what it costs to split a title, but the rates and Taxes are in the vecinity of $1100 to 1300 p.a., so they would double…[Read more]

Thanx all. I am second in line to tat SINGLE TITLE Duplex (Tadah), so should anything go wrong with the other purchaser I’m in there!
Cheers

Cheers

C@34

Thanx you two, please keep on sending those Copany names! I will look at them all!
Cheers

Cheers

C@34

G’Day squillion,
not there yet, but I tend towards the buy and hold as I am not as agressive to make flips and wraps wrok for me. Just my personality. I like the idea of owning (or controlling) several IPs and earning a living of them to do the things I want to do. It is a slower method for sure, but it is what I am capable of at this stage. Who…[Read more]

Sorry, In some things I am a bit slow! Thank you, though, I am here to learn and be instructed. That includes that my errors are made obvious to me.

Cheers

C@34