rusty05 wrote:
Hi Engelo,Geez mate, you've had a busy few months – well done!

Hey mate,Im trying to keep up, im starting to get hit with all of the paperwork so Its been a bit hectic as of late hahahaha

Well Qlds007 and JacM it seems like you guys have done very well for yourselfs with property investing. Thanks for your comments and I definetly see things the same way you guys do so hopefully I can follow in your footsteps . Im just settling on my 5th property and all purchased within the last 6 months. Bought all below market value and…[Read more]

Thanks Xdrew for ur comment, so you have 530k pooring in? <moderator: delete language> man those are some sexy figures hahaha. Does there come a time when you will say this is enough money? I kind of think when I reach a certain '' active income'' haha I will stop and enjoy from then on. Other more experienced investor friends of mine say I pr…[Read more]

Im sure you clients wouldnt be happy if you pumped up the numbers and they wornt true so I agree with your honesty. I have herd about the C class suburbs having good cashflow with no capital growth. Personally I wouldnt buy in the US unless I could get as close as possible to the 20% net yield as I already mentioned I can find 8%-10% yielders h…[Read more]

@ Paullie thats awesome mate, im buying $1 scratchies and trying to win big so far no success.@Wisepearl sounds good, if not a secret how much do you spend per property and how much profit do you expect to get from every deal? Also, do you sell the property after the reno or hold and rent?Thanks

Sounds good mate, thanks for that

Top comments from Alex and jayhinrichs.What caught my eye was the vacancy rates both of you mentioned. So you guys think when crunching the numbers to only take half of the annual rent as serious income. So that means you would only get a 10% yield. I have 10% yielders here in Aus falling out of tree's hahahaha. Out of 10 properties how many wo…[Read more]

Do you guys own any property in the US and if not a secret which cities? Also, what was the reasoning behind investing there? Thanks for your time.Engelo

Hi jayinrichs,

Thanks for your reply, Im sure there are plenty more cities that represent good potential.

Engelo

Looking forward to it mate, see you there.

Engelo

Using cheap materials you can do a cosmetic reno of a 3 bed 1 bath house for no more than $20k. I have completed 2 of these for less that $15k.

Thanks

Hi Dan,

Have a look at Mildura, rental market is very hot at the moment. Cheap housing with decent yields. Fantastic facilities and market there hasnt moved for 8 years, some might think of it as bad but in my opinion its positive. Check out previous posts on Mildura I think its definetly worth going there to have a look.

Regards,
Engelo

Hi Jackflash,

I dont wanna blow wind up Nathans bum but I personally think its a good buy. Whatever it is: studio, motel room, 1 bedder, same products on the market are currently selling for around $50-$60k and there are people out there buying them. I dont know what Nathan is going to do with it but if he was to flip it he should be able to walk…[Read more]

I should do mate, Ill put the topic under DONT READ THIS PART 2 hahaha jokes

Hi Jamie,

What do you think of these subrubs: St Albans, Coolaroo, Laverton, Broadmeadows & Dallas. I got a reply on SS with these being mentioned.

Engelo

sorry guys, just wanted to see who is going to the seminar.

hahaha sorry mate

Rich Dad Poor Dad by Kiyosaki got me started. Steve’s books are good and Richest Man is Babylon is also good.

Hey rusty,

Send me an email to engelo10rumora@hotmail.com

Thanks

Thanks mate