Hi TerryW and Richard
My friend wants to buy and live in the front house, $400K is all he can afford so he can help me by putting dollars in while I develop the 2x Townhouses at the back. Do u mean to divide the land into 3 as there is 2 Townhouses behind the main front house? This is a new equation for me so just try to get my head around it.…[Read more]

HI Rob, yeah im aware its on a busy street which is a little concern, but other than that location looks really good and deal stacks up OK, these are the figures thus far below.
I do know they have another coming up in a few months in North Perth, so maybe best to wait for that  as it might be a better street and then I can have my finances better…[Read more]

HI Rob, do u have access to your API articles, would love to seem them if possible.
Where is your project in NSW?
Cheers
DM

Thanks Jamie, I have spoken with Derek tonight.

Hi Rob i couldnt see anything about there East Perth Offer. The proposed development is in Loftus Street if u know it.
The only thing im concerned is if teh built in equity isnt there on completion. I met someone who has done a few with Bob Andersen and he has had a 50-50 strike rate with available…[Read more]

Is there any way to avoid paying overpriced properties as its pretty hard at times to exactly know what a property should be worth/valued at?
Cheers DM

Ive had this one for quite a while and reasonably happy with it, so no complaints from me.
Cheers
Dean

Talked to a agent and seen similar houses for that price on the market. Plus the house will be of similar quality to our PPOR which we had valued for more than that. $525 is being realistic/conservative.

Wandoan

Hello All
My accountant eventually setup a hybrid land trust ($3300), i really still struggle with it all, but just trust my accountants judgement. I just bought land in QLD and plan to put a house on it, it will be positive cash flow.
I have a wife who works part time and 2 kids, combined salary just under $150K and plan to buy more IPs down the…[Read more]

Hi JohnWhich estate was this in? and do u have an deals left, im considering all options at this stage before making a final decision.Many thanksDean

OK, my accountant is setting one up as we speak and thought it was a little on the high side at $3K…thanks

How Much would you expect to pay for a trust, roughly?

Thanks guys, I trust my accountant is pointing me in teh right direction, but I want to know waht im doing though rather than just agreeing and sating yes. Ill try and find your prevous posts thanks Istvan051, hopefully that will help also

Hi Richard, can I also please see your interview, like Brokota, im trying to start a portfolio so I can eventually quick work (5-7 years) and live of the income from these IPs. Trying the find the best way is hard so any help would be great as im researching hard.CheersDean

It does sound a little hard. I thought it was a relatively easy way to get in and learn a bit more about IP while having positive cashflow.My aim is to quit work in 5-7 years and have income from IPs to live the life I want. I thought of doing a few of these sort of properties and then selling one or so to pay back some of the debt and buy more…[Read more]

I have a spare ticket as well from Friday-Sunday, any fair offer will be acceptedCheersDeandangermouse99@hotmail.com or 0412224821

I bought around Hawkes Bay area, very cheap!!!
I did alot of reading, homework, asking questions to a point a felt confident enough to make a purchase, i felt after time I had to take a punt and go for it, I was originally going to go through Westan as it was my 1st NZ property and was going to buy unseen, but demand outsripped supply and I…[Read more]

Hey
Been thinking exactly the same, been getting same infor from Westan, im in Melbourne, but im going to Syd for a month for all of Oct for work, have just started considering going over there before xmas, but dont let me hoold you up. Im doing alot of reaerch at the monet trying to find out as much info as possible so i feel confiendt enought to…[Read more]

Thanks for that, i have missed it, when is your next meeting in Melbourne

Hi Dangermouse,

The Somersoft group of investors is having a meeting tomorrow actually, but it is in Footscray if you are interested. For more info:
http://www.somersoft.com/forums/calendar.php?do=getinfo&day=2004-8-26&e=270&c=1

As for buying +CF properties in Victoria…[Read more]