[daniel vicParticipant@daniel-vicJoin Date: 2013Post Count: 120]

June 10, 2014 - 12:49 am

Great to hear so many peoples goals are being achieved that’s the dream.
My self hasn’t been a easy year have tried pushed my self with work and getting out of my comfort zone to only have such a super 4 weeks with bugger all work and a house getting built and getting delayed once again so more holding costs then ever hoped. Have really seen that I need to look into a different way of doing things . Just thinking positive for the future and hoping for things to turn for the best in many ways

[daniel vicParticipant@daniel-vicJoin Date: 2013Post Count: 120]

May 28, 2014 - 3:58 pm

the only advise I can give is you would be buying for long term capital growth as the rents are not $800 . I have been suckered into a deal like this my purchase price 432,000 valuation dropped to $380,000 the company got a discount to 412,000 still very short I had to get every bit of equity from my other property the rents I was quoted were $550 before buying now iam in talk’s with property managers and iam hearing $380 a week is maximum I will be getting so be very careful some of these company’s are bloody arseholes ….And when things go bad they give a shit about you

[daniel vicParticipant@daniel-vicJoin Date: 2013Post Count: 120]

May 25, 2014 - 6:44 pm

hello all I have been wondering is melton to far for everyone to travel to ?

I will look into other venues I needed?

have been thinking of kicking the first meeting on june 5th

playing cash flow 101 as iam not aware if others have played befoue and it helps to learn the basic befoure we move to 202

I have wrote out a list of things to help us out shoot me a email and will plan something really soon

Daniel motoxxx_108@hotmailcom

[daniel vicParticipant@daniel-vicJoin Date: 2013Post Count: 120]

May 19, 2014 - 4:11 pm

hello fellow members

I have been out today and talking to a few places to hold the first meeting I quite like a venue in melton the place had a quite area we can play there are coffee and tea available they cook meals there and we can have a feed befoure hand if you wanted. I will make a more detailed itinerary in a mil over the next week and set a date I will leave my email and if you can all email I will send all the info through [email protected]

loking forward to it daniel

[daniel vicParticipant@daniel-vicJoin Date: 2013Post Count: 120]

May 18, 2014 - 8:57 pm

Yes a little bit to far it took my one hour to attend one two months ago I got home at 12 pm , well great allready got a few members will get the first meeting in a month or so looking forward to it :)

• This reply was modified 9 years, 11 months ago by  daniel vic.

[daniel vicParticipant@daniel-vicJoin Date: 2013Post Count: 120]

May 18, 2014 - 6:30 pm

there could possibly be a crack in the plaster that wasn’t repaired whn the building was done..

example when the plaster in bought in to the house from the truck sometimes its get’s stacked a bit rough and there are cracks on the face that don’t get seen or just over looked

that’s one possible scenario

[daniel vicParticipant@daniel-vicJoin Date: 2013Post Count: 120]

May 18, 2014 - 6:24 pm

not that I know a heap , but I would be thinking with 6 properties and moving to 7 that a trust or buying in company would be vey important for asset protection and tax benifets.. but you would really need a property savvy accountant
I really cant going giving advise as your portfolio is much more bigger then mine . may I ask what state / regional you are targeting ?

[daniel vicParticipant@daniel-vicJoin Date: 2013Post Count: 120]

May 14, 2014 - 10:47 am

the practice

[daniel vicParticipant@daniel-vicJoin Date: 2013Post Count: 120]

April 13, 2014 - 2:59 pm

thanks for the reply steve I can honestly say you have helped me even get to the stage of meeting agents and going through properties with check list’s  and being on data base’s with agents your property course has helped me so much..

that particular property I went able to get the vendor to carry any money or a longer settlement they needed money yesterday sort of thing .

I money partner is a fantastic idea I asked my mother she’s not in on the investing thing so the last week I have been thinking hard and with some friends I made through the course and other social meetings we are going to do a deal together very exciting

 

I have always thought why are there not much good deals on the internet the other day I now understand the concept of the property sift

 

thanks steve

 

[daniel vicParticipant@daniel-vicJoin Date: 2013Post Count: 120]

March 25, 2014 - 6:16 am

good point arun that makes sense!!!  i guess it would be easir to calcuate if i havent refinanced etc and made it more complicated but i feel like i have lernt more through this exersise and appreateate everyones in put iam sure it can help me with future research on property ill get there

 thanks richard

[daniel vicParticipant@daniel-vicJoin Date: 2013Post Count: 120]

March 24, 2014 - 8:20 am

iam just trying to make sure i have the formula set up for my excell spred sheet so when i do finiancial due diligence iam more acurete with my calcuations and avoid risk

daniel

[daniel vicParticipant@daniel-vicJoin Date: 2013Post Count: 120]

March 24, 2014 - 6:59 am

congrats jamie all the best mate

[daniel vicParticipant@daniel-vicJoin Date: 2013Post Count: 120]

March 24, 2014 - 6:57 am

hey benny

thanks so much for your response!

sorry i didnt make it more clear

purchurse price – $76,000

reno cost –           $50,000

deposit ip2           $50000

the reno i paid cash also burrowed money but that just went stright on to my exsisting mortgage at the time  so i have calcuated that in in full as money in the deal  !! but i arn't sure to include the reno cost's aswell in to the calcuations as that really changes the CoCR

but what i didnt take in to thought was i never put the rest into the deal yes it is finianced i orignaly only put $10,000 in to the deal

i feel abit weid i cant quite get my head around it but the property was bought 5 years ago and i have refinanced around the traps befoure so its hard for me to work out how much i have invested quite so to speak

regards daniel

[daniel vicParticipant@daniel-vicJoin Date: 2013Post Count: 120]

March 16, 2014 - 6:10 pm

Thanks guys it's great to get help rather then trial and error 

daniel

[daniel vicParticipant@daniel-vicJoin Date: 2013Post Count: 120]

March 4, 2014 - 8:17 am

hi derek i use a guy named leo and he is very good to deal with he is in melbourne and very switched on

[email protected]

best regards dan

[daniel vicParticipant@daniel-vicJoin Date: 2013Post Count: 120]

February 10, 2014 - 8:22 am

hello thanks guys means alot 

[daniel vicParticipant@daniel-vicJoin Date: 2013Post Count: 120]

January 20, 2014 - 7:00 pm

hey mate i find it like this

lets say you had a property worth $100,000 and give you $16,000 rent

$16,000 / $100,000 x 100 = 16%

This is a gross yield (not a yet return)

hope this helps

daniel

[daniel vicParticipant@daniel-vicJoin Date: 2013Post Count: 120]

January 15, 2014 - 9:10 am

well

my property in kirkwood gladstone

settles tomorow land that is

after a massive delay finially here things havnt quite gone as planned with the val falling by $52,000 i managed to get a $18,000 discount from the buyers agent and builder and the marketing company to help the loss's so total val loss of $34,000 iam hoping gladstone comes back on the move again in the next few years so i can keep moving a good rate

anyone else investing in glaqdstone?

[daniel vicParticipant@daniel-vicJoin Date: 2013Post Count: 120]

January 15, 2014 - 9:04 am

hi mate

not that i have done a subdivision i have done resesearch on them i belive a small subdivision could be a very good place to start but will have to do all your reasearch on what cost's will be incured and your end sales prices and speak to the right people befoure just buying it makinging sure you can actually subdivide the land be buying then relising you cant

good luck daniel

[daniel vicParticipant@daniel-vicJoin Date: 2013Post Count: 120]

December 30, 2013 - 8:44 pm

I'm in vic 

yes thanks I've been heading that way thanks