Hi Muz1983

Huge list here

https://www.propertyinvesting.com/forums/community/heads-up/6845

also if you search 'book list' you come up with a stack of great books. Happy reading!

Cheers

D

How amusing!

There are so many people out there who have said to me, or in front of me regarding Steve's books  'Oh you could never do that today'. Have they really tried to, nope. Have they gone and looked for property that has great cash flow, nope. Or maybe they have, you know in the centre of Sydney. 'Steve's book doesn't work!'

Lol. Of…[Read more]

I'll say that I did actually move due to the rent going up but I was at the end of a lease….. and it was already $700 p/w…..

D

This is very interesting.

I think the reason people are seeing rents as unaffordable is the price of paying a mortgage is now reaching the tipping point where it's the same each week to buy as house as it is to rent.

There is also no explanation of where these properties are. The same properties located in Syd and Melb would probably cost…[Read more]

Also Bardon, you have hit a key point here which is "manufacturing equity". Buying and holding and hoping for capital gain isn't really a way to get rich, it's what 99% of people do……..

Getting a bit confused here. In theory if you have a cash flow positive property, wont you have to pay more tax when you lodge your return? Because you have to report all the income you are earning from the property….[/quote]

Hi all,

Some great explanations here.

Basically, if you make money you pay tax. The more money you make the more tax…[Read more]

Lol,

I just saw this again! It's still great to think of the things I'm going to do! And yes, one of the points was give before you get rich. When ur poor there is only so much food you can take out of your own families mouth to help feed others, when you get rich, you don't have to worry about that!

Cheers

D

Hi Belinda,

Feel free to give us a bit more detail so we can give you a hand!

What about vendor finance? There are people on here who may be able to give you some pointers with regard to on-selling this property via this method (I'm not an expert) and increase your cash flow etc. Paul Dobson is the resident expert on this.

Can you give either…[Read more]

Hi all,

Sorry, but can you please tell me why a negatively geared property is more likely to appreciate over time?

I hope you are paying 48cents in the dollar tax to want to pursue this avenue of investing! Even then why you would actively enjoy losing money every month has me scratching my head!

Have a read of Steve McKnights book, it'll open…[Read more]

Well put livewildcard.

They want the housing propped up by private investors. It's so much cheaper for the Govt to provide a tiny tax break than to have to own heaps of rental properties. Personal wealth has increased through property ownership which means the govt can also have lots more taxes.

Should still be interesting to see how quickly the…[Read more]

It is interesting isn't it.

If you look at property investing purely as a business then essentially you are leasing an item to another person. If you did this with a product such as a washing machine, the machine would have wear and tear associated with the use. Same with houses. Bathrooms and kitchens and carpet and paint all wear out, it'd be…[Read more]

Great points there Tom, it's really about picking areas that have the infrastructure and the appeal of being 'next door' to the nicer parts. Gentrification happens all the time, slower in some areas than others but look at places like Richmond, St Kilda, Brunswick. Years ago these areas were 'dogs' but now…. cost a fortune and full of nice…[Read more]

Wow, money back? Check that fine print… very carefully! There are no certainties with developing.

Plenty of firms (architects, etc) will do some hand holding through a development if you have never done one before.

Checking out fees should be pretty easy, just compare with some other companies (Such as ChristianB from Brutal Art who is often…[Read more]

Great thread, it's good to get both sides to any argument.

Personally, I would not touch USA (or any other OS market at this stage), I know my limits and who I am as an investor. But I have followed with interest the last couple years as this area has taken off in a big way. PI.com has positively filled with both Aussies and Yanks chatting about…[Read more]

Hi all,

Big list on this thread too!

https://www.propertyinvesting.com/forums/community/heads-up/6845

Cheers

D

PP = Planning Permit
DA = Development Approval

Cheers

D

Good call Tom,

Yarraville is good and you can still pick up some nice period houses, and the cafe strip is nice there, dodge the trucks on the main road tho!

I still like Sunshine (nope would never live there) but as an area to invest in, it's got some good fundamentals, like transport, shops, ease to city etc. I think it'll still have a bit of…[Read more]

Hi Liza,

You can change agents. A lot of people feel stuck with an agent, but remember it's your property and your money, so your choice on agent.

How many opens has the current agent held, how many times have you spoken to the agent in the last couple months?

It's important that the agent knows you, and they know you mean business. I'm on a…[Read more]

Hi opee,

Camberwell is great. Just make sure you are purchasing based on the numbers and not on emotion. I personally LOVE Camberwell, but have never bought anything there as the numbers have never stacked up. You can pick up some great (needing reno) units (single level 2×1) for around the $550k mark and yes a house in desperate need of…[Read more]

Hi Coutts,

This sort of thing takes time (and spruiking).

Generally speaking a market will stay flat until people start talking about it, magazines, other investors etc. Then as interest grows it will attract spruikers who will buy up property, then talk it up. Then as the market gets hotter, mum and dads will come in, often buying at top…[Read more]