I loved this year’s conference. They are always “must attend events” for me, and this year I got lots out of hearing for the first time speakers such as Daniel Flynn (what an inspiration) and Daniel Gibbs (he is one smart guy). They both opened my eyes to new possibilities for myself.

Many thanks to you and all the team for making it…[Read more]

I am contract stage for a granny flat we are having built in NSW.

The builder has included a couple of things I would like to push back on. Any recent experience from people who have built granny flats in NSW would be appreciated.

1. Delay damages $1 per working day (that’s cheap for him but expensive for us, the loan still has to…[Read more]

Dale

Dale

What is it you want and what was it you wanted in the first place from this deal.
If it is money, is there currently money in it if you go ahead.
If you sell do you make money.
Perhaps this is an opportunity to turn a negative situation into a positive one so that you ultimatley feel good about it.

Dale

Good on you for taking the first steps, and for asking for some tips.

I take it you are looking for a cash flow positive property where the rent brings in more than the expenses. It is very hard to find these in the current market. Basically you are looking for a rent return of 10.4%pa. So a rent of $250 pw to be cash flow…[Read more]

Simple, cheap, works.

Dale

Dale

Whilst I can’t recommend builders in your area what I have done in the past is noted down the builder’s name from the front of other building developments in the areas I have been interested in, and given them a ring. Plus I had a good look at what they were building, from the street. Watching the project from the street does give a…[Read more]

So to those people worrying about what effect the baby boomers will have, stop worrying, you have been living it anyway.

Dale

Dale

There is a dedicated area for you to post your questions. It is labelled under RESULTS in the Forums section. You will find there are meetings noted there and lots of other networking opportunities for all the RESULTS 2 participants.

Dale

Dale

Dale

There are so many factors affecting where people want to live that the possibility of booms and busts is…[Read more]

Steve McKnight’s books are very good, I recommend them, Sanctuary. I learnt lots.

Best of luck with it.

Dale

Dale

Just bad luck I think. I sold my house last year and I wished my agent had called his mate to offer a higher price.

It is hard to know what the agents are doing and whether you are being shown the full picture, but I often felt disadvataged as the seller too.

Dale

It’s great that you are investing and asking questions when no one at home speaks the same language. That takes courage.

Re your improvements/repairs – may I just ask if you have assessed what increase in rental that you might expect. It might be a way of choosing how much you spend and then knowing it is a repair or an…[Read more]

Dale

If you have been to any of Steve’s recent seminars or are part of his RESULTS group (as I am) you will know that in the current market he says that if you are looking to find an 11 second solution property from the internet, then you “are dreaming” ( to quote The Castle).

You will also know that there is no such thing as the “right…[Read more]

I too like Armadale and have been looking at it more closely recently. Like anywhere though it does depend on the particualr property and the deal. Geven the general state of the market in WA i.e. still moving strongly where other states have a different momentum, Armadale is as good a place as any.

Dale

I use the free suburb reports from RPData on realestate.com.au for initial searches and the I pay for their more detailed searches when I get to that stage. The prices are quite reasonable in my opinion for the assistance they provide whilst researching.

Dale

I too am starting over but not from divorce. (I got divorced years ago when we both had nothing). Without going into the whole story, I am now rebuilding from a minus situation i.e. debt, no assets, no current income with my 48th birthday this week. Ouch.

I personally have put a plan in place and each day I get up and work my plan.…[Read more]

I would do a little bit more research before jumping in the deep end to make sure this experience is a good one.

1. Check out local rents. Don’t rely on what the agent says. Check your newspaper and make some phone calls. It will take you about 1 hour to get a realistic current rental rate for units the same size as the ones you are…[Read more]

Dale

Dale Fairbairn