Can u please elaborate more on the “putting nil in the contract” bit? Where in the contract do u put it and does it waive penalty?

Cheers
Danny

I too subscribe to the rent theory and buy property for investment. It is definitely cheaper although the main thing is to be disciplined. The amount you save by renting as opposed to paying off a mortgage needs to be put aside for investing. After all, this is exactly why you would rent in the first place so make sure you save and invest…[Read more]

I particularly like callendars post as it laid it out step by step. My tenant just paid at the 23 day mark but I feel this may happen again as rent is due again next week and I am bracing myself!

Regards to Nick’s post, does anyone know if you manage a prop yourself, does that mean you cannot…[Read more]

I have spoken to my agent about it and hopefully it all gets resolved. My question is have you or anyone else out there had any experience going through VCAT to get a tenant out and was it fairly stragightforward?

Regards
Danny

With quite a few of our regulars away the moment, we are going to hold off on the Nov meeting.

Please stay in touch those who are keen to continue and we shall re-schedule.

Cheers
Danny

Apologies for the late reply. (Have been overseas with work and am in the middle of a move at work). Looks like we may have to miss a month with Vic pic but we are keen to hold one on Wed Nov 23rd. Our new premises are in 401 Canterbury Rd, Surrey Hills (Tony has bought a commercial building to move the business into)where the next…[Read more]

Cheers
Danny

Thanks to all have replied on either this link, under Heads Up or pm to me. Please note the earlier starting time on Thursday of 6.30pm. See you then

Cheers
Danny

Thanks to all have replied on either this link, under Heads Up or pm to me. Please note the earlier starting time on Thursday of 6.30pm. See you then

Cheers
Danny

Thanks to all have replied on this link or pm to me. Please note the earlier starting time on Thursday of 6.30pm. See you then

Cheers
Danny

The guys usually shows his properties / developments in the above clobber and doesn’t care if he is…[Read more]

We have confirmed our next meet for next Thursday 22nd Sept at 270 Auburn Rd, Hawthorn. Please note earlier starting time of 6.30pm NOT 7.00pm.

Topic of discussion is negotiation and increasing incomes to fund frther investments.

Newcomers welcomers, please rsvp by Tues 2oth for those attending.

Cheers
Danny

Further to the ink below posted by Dr X, consider this:
Agents get paid a commission on the rent so it makes little difference to them if the prop gets $220 per week or $260 per week (approx $3 week difference for the agent on a 7% mgt fee).

No, what they want do do is get a tenant in as quickly and easily as possible. Most don’t really…[Read more]

Check out the following suburb report on Mernda:

http://www.reports.rpdata.com.au/cgi-bin/vgmsg/RP_Reports/subprofile/rprepgenprofile-pdf.p?type=1&fromhome=1&rep=1&instate=Victoria&insuburb=Mernda&inpcode=

The main points I would consider are population of Mernda (only 844) and % of renters which is 13%. Doesn’t leave much scopre for…[Read more]

Thanks to everyone who attended last night and to cameron as guest speaker. I hope all newcomers (and regulars) enjoyed the night. Stay tune for details of next meeting when we discuss negotiation strategies and /or valuers.

Cheers
Danny

I would be keen to know why they split too if you find out from your friend.

Cheers
Danny

Don’t know why they had a split but this link off the rich dad site confirms it as he has a new real estate guy, Ken McElroy

http://www.richdad.com/pages/advisorsken.asp

Cheers
Danny

I may be wrong here but I have a feeling Dolf DeRoos is no longer associated with Kiyosaki, hence the different book covers.

Have read his stuff and it is a good read.

Cheers
Danny

There is a Sydney group that meets to discuss property. Check under General Property for Sydney Discussion Group.

Danny

I can send u a PM with more info on the night. The 2 speakers do not wish to be published on this site and therefore seen as spruiking, etc . They will be speaking to a small group of investors only. They have both spent time in the U.S recently.

Cheers
Danny

I can confirm the next meeting will be next Thursday 25th August at 7.00pm at 270 Auburn Rd, Hawthorn. Guest speakers will be discussing property investing in the U.S.

All are welcome (please rsvp to me or this post by Tuesday 23rd) including newcomers. Attendance is free.

Cheers

Danny

Yes there will be another meet for our group most likely later this month. Venue is 270 Auburn Rd, Hawthorn. Stay tune for date details.

Cheers
Danny

Yes there is. Check under my reply to the Vic property post under general property.

Also check out South East Melb Discussion Group under Heads Up for more info.

Cheers
Danny

Check under South East Melb Discussion Group in Heads Up also for further details.

Cheers
Danny

My friend mentioned the speaker made many claims about what she had done (and had the nice big home and all the toys to prove it) but did not go into any detail of how it was done. It was more a less a spiel to get people to sign up for the weekend course.

Regards

Danny

Check out whether it has a rental guarantee (in which case its usually loaded into the developers price) and also the size of the unit. Its a lot harder to get finance for units under 50 m sq and some student accom can be as small as 18-20 m sq.

Cheers
Danny

There is a link under General Property for a Sydney Discussion group with TMA and a few others.

Good luck
Danny

Thanks to all who attended on Thursday night. (Good effort to come out in the freezing weather!). I’m sure everyone was impressed with the wealth of knowledge being shared.

Stay tune for details of next one – most likely same venue in Hawthorn, approx mid August.

All welcome.
Cheers
Danny

Cheers
Danny

Sounds a little too speculative for my liking. Waiting for the property market to “really burst” in the next 6-12 months could be a costly exercise. You would incur selling costs of your home, plus buying costs in 12 months time (stamp duty, etc) which would erode any profit you may gain. There would have to be significant falls in real…[Read more]

Brand new 1 bed apartments from $250 and 2 beds around $300+. Great area to rent I say..

I have heard a guy called Vaughan Carlin talk on asset protection (inc hybrid trusts, descretionary trusts, etc). He is very good. Can be contacted on 0438 828 676 or vcarlin@activeassetprotection.com.au.

Good luck.
Danny

Yes we are still on for this Thursday night 14th at 7.00pm at 270 Auburn Rd, Hawthorn. (Jules, I know Craig’s email is playing up so maybe that was the problem).

Anyway, all are welcome and the speakers organised will discuss residential, commercial, construction finance as well as mezzanine finance. (Speaker is from IMB…[Read more]

In your opinion, are those fees for caretaking $9500 and body corp mgt $3500 reasonable given there the lack of extra facilities as mentioned above?

Cheers
Danny

Not sure this would be such a great start if it is neutrally geared and has no chance for cap growth. I would personally go for either one or the other.

All the best.

Danny

Thanks

D

1990 – 147k
1991 – 142k
1992 – 136k
1993 – 145k
1994 – 146k
1995 – 145k
1996 -…[Read more]

Hypothetically, if Wizard did have an offset, then it would be a good move? (Maybe I will wait til next ip settlement in Sept and set one up then with different bank?)

Regards
Danny