Yeah that's true I was thinking bout that. Also I have a sneaking suspicion that people don't read old threads…… I'm about to launch onto market…. I've got 12 and I need to get 4 done to get funding, bring it on. I'm interested to see what people are building and planning to build. I got the 3D yesterday, nice!Beedeeeeeeeeee, If I can nail…[Read more]

Excellent points there Grimnar!D

No Worries Ben,Good luck with your project, enjoy it!D

Settle down, tiger. No there is skill when selecting a property that will definitely give a capital gain or have a good yield or whatever. Rather than buying the right thing by accident.I think it is a bit rich to get on and say that using equity is "risky". Jumping off a cliff with no pants on is risky, putting all your money on red is risky.…[Read more]

hi Ben,get your hands on a copy of Ron Forlees book about residential developing. I swear i am going to write to him and ask for a percentage. It really is a great book for developing. Other goodies are the API Small development guide, the red arm chair developer books, just watch the red arm chair ones they have split the material into several…[Read more]

Good for you orks, nice to see you got lucky, some of us had to use skill.D

Hi and Welcome Jacintak!Find someone who will partner up with you..Find your passion and run with that, whether it is some sort of add value or mining towns or USA, be an expert in what you love, it will show. It might take you sometime to get into the swing of it, don't rush as there are plenty of deals for everyone, I think most people here have…[Read more]

Ouch!C-R-E-A-T-I-V-E investing people….If someone is happy to lend based on that then go with it. Good on you Jamie for having a crack, people need to make their own decisions and take responsibility for their own investing.Sigh, I'm too boring to be published LOL!D

There are still houses for around the $350 mark, they are just in another suburb. This is the problem with supply and demand. Less supply in nice suburbs and more demand because of infrastructure etc means price goes up. Expectations need to change. A lot of these ring suburbs were considered nasty areas 10 years ago, think about what suburbs will…[Read more]

Brilliant.Good on you realdream. I have no time to do self management and have had so little vacancy it is fantastic. Good property manager is worth their weight in gold.D

uhh scuse dumb question here…what's a wofmat?The agent should be giving you an overall ad pack with the 3 websites and their own site for cheap or free depending on your agreement.Personally I pretty much only use realestate.com.au I dislike domains setup and the realestateview thing is not as well known. However realestateview does have the…[Read more]

BTW,"keys in office" I don't see pro-active agent in that…..D

The ad also still says $300 pw.I would get them to do an open as well as by appointment.You should also call them maybe twice a week or more to ask how they are going with it. They will eventually find you someone just to keep you quiet.You need to build a relationship with the pm so that when you call they know you, they know what you expect,…[Read more]

Can you put the link up for the ad on the net?2 mths is a long time considering the walk to uni. Maybe have a chat to some other PM's in the area and see what they think. Try dropping the rent to even by $5 or $10 better to have some money coming in than none.D

Cheers Alistair,We know you! Nah not in a creepy way! Chat soon.D

Hi,Alistair Perry is in Melb, and is on here. Just google him, Perry FInance. Also Richard Taylor from here is awesome. Not in Melb but very good.D

Oh no.Well that does it for me, I think I'll quit investing in property based on that. I don't want to be a fool, so I'll follow the crowd and do nothing.I'll stop building new dwellings and make sure that I try and stop as many others building houses as possible because TKline your proof is irrefutable.Dya ever think that people on a property…[Read more]

Cool!Thanks Dan42!D

Cheers Scott,I'll have to check this with accountant man, but if you are distributing out you pay tax on the amount you have taken over that year (I don't know what the current brackets are) but for instance up to $180k still pay 38% on that amount. So you could distrubute to an individual/s over a period of time to take the profits if necessary.…[Read more]

Ta Scott,I was curious after another person told me 'no, don't sell everything at once'. I couldn't work out why apart from what Dan mentioned above. 30% is still that whether you sell them this year or the next or the next. Thanks again guys.D