Great to see people having a go, inside as well as outside property investing Keep posting, I think it will be great to come back at the end of the year and see how we have gone. Shopping for PPOR is sooo much harded than buying IP And advertising sign goes up tonight!!! (pls no objections!!) lol.D

So.If there is a bubble it makes me wonder how many people will jump on the bubble wagon. "I said 10 years ago there was a bubble" that sort of thing Investors and property owners alike need to ask the question. If, then?If there is going to be a crash then…… what is the likelihood of this happening to X, Y, Z of my properties? What effect…[Read more]

Great spam Rachel.Hi slamdunk, welcome.The plan of subdivision is the land subdivision. This shows where the land will be split, common property such as driveways and storage etc. This plan of subdivision is then submitted to the titles office which registers the new titles for each unit. This is done as well as the town planning drawings. You…[Read more]

I think this is a really interesting take on this question.Many of the comments made on this issue have been excellent. Thanks Steve and everyone for posting.I have more questions…AAQ has already raised the manufacturing issue, What of infrastructure projects and other initiatives that create jobs and ongoing jobs? Seems like quite a few in high…[Read more]

Nice one."Not much", that pretty much sums up this whole thing doesn't it?Seems like the less YOU put in the more you want out.I guess the petition will go along the lines of "Dear Sir/Madam, I would like a house for free as I am owed it by everyone else"Count me out of any further discussion on this topic as it has obviously degenerated into a…[Read more]

Let's dissect the 'average Australian'.9-5. Generally ok in their job. Goes out and has a drink with friends on the weekend. OR has dinner out or take away. Happy with a nice new car or reasonably new car. Maybe paying for private school for kids.Has a hobby. Goes to an event once a year. Has not really much ambition above eventually paying off…[Read more]

Aww Dan, missed you on here . I read Andy's blog and it was well put together with excellent points. Pity it was a rehash of what many, many others had written before. In fact, it really seemed a lot like articles I have already read. Also the comments by all his bear buddies beggared belief, when you're glad you haven't bought property so that…[Read more]

The vendor finance was done as Steve being the vendor, and as I understand it he did a few that way. You'd still have the control of the property until it was refinanced out of the agreement. Probably a nice way to have a lot. Also I think he was never afraid of selling. Plenty of other 'gurus' tout the 'don't ever sell' message.We did 0-5…[Read more]

I think it is able to be done. USA. Probably go to the market update and he will tell you all about it.Also there was an element of vendor financing for cash flow as well as bringing in money partners etc for more cash as the deals got more advanced.Also you are talking about properties that were worth $30-$40k, similar to what he is currently…[Read more]

It's pretty dirty. Plus add the fact that state govts are sitting on massive amounts of land ($450mil estimated in Vic) and of course house prices will rise.There are a lot of people, companies, govts, banks etc with a lot to lose if prices drop. All these people will do whatever they can to ensure that the prices stay high.D

Well, the big development companies have made buckets. AV Jennings and Stockland have made a giant profit.http://www.theaustralian.com.au/business/property/property-group-stockland-doubles-profit/story-e6frg9gx-1226003257640http://www.avjennings.com.au/getdoc/cb5cdf7b-8ab0-45d9-812e-a2e70887c7f7/Final090211IH11Announcement.aspxBubble? Pop? Where?D

Many thanks to the creator of that page 'Dan'. He is obviously an expert on the words bubble and craziness. My favorite line is "Kangaroos cannot save us from basic economics." No I guess they cannot.I am completely bored with the idea that 'the bubble" may burst any day now and million dollar mansions will be worth $50.D

Hi ML and Linar,I agree Linar, 25% is a good figure. I know Troy Harris (Rookie Developer) does it for high teens but I like a bigger buffer. You'll also find that as the projects get bigger that % gets bigger too. (or someone is doing it wrong) As Linar said, milk that agent. Get copies of everything including all the approvals and read through…[Read more]

I'm going with yikes too!If they have cleaned up (and have small children) I am guessing that they are not the cause.Is it possible that something has crawled under the house and died? I know in Vic people have possums crawl into their roofs etc and I know it is gross, but you don't just get maggots.Do they have cats? Hot weather and fish cat food…[Read more]

LOL.Yeah imagine if I was 'real' investor, I'd have to wear an ugly black suit, work 9-5 in a windowless office and have no personality. Gotta love a stereotype.D

Property development is not 9-5! So I can make time if I am passionate about something Yep totally slack, I should be a billionaire by now lol.D

So if you are looking for commuting distance to the city.http://www.realestate.com.au/property-unit-vic-boronia-405023545Can you work in Geelong? or Do you have an inner city job?http://www.realestate.com.au/rent/in-norlane/list-1?source=location-searchThere are rentals for 3 bedrooms all in and around the suburbs of Melbourne for under $300 you…[Read more]

This has been a very interesting thread.Increasing stock is an issue in itself. I'm not sure where you live but if you have ever had to get something approved by a local council it is on the watching grass grow level of speed. Our three unit development took 18 mths to complete. 3 new dwellings, 18 mths. The time frame for introducing new stock…[Read more]

Hi everyone, Great thread!We have just gone from a giant filing cabinet to black folders and it is so much better.We have 2 entities, development invoices etc for 2 different sites, information for 6 properties etc. So there is a lot of paper.We have ours sorted into separate properties with the exception of banking, tax etc which are filed into…[Read more]

Hi Arabian,I have to say I do like a bet on the market. Property is a much stronger pull for me, but I still like to try an make money any way I can. I usually go in for short term trades in and out in under a week and then use the profit to reinvest. I just don't like the little red numbers that mean you lose money D