https://www.propertyinvesting.com/members/fatboy1730/activity/ Activity feed for fatboy1730. Tue, 14 Apr 2026 16:05:45 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 28c55c19fe664a27a5bbc089d3edd7fe https://www.propertyinvesting.com/topic/4399552-latrobe-valley-vic/#post-4622310 Sat, 15 May 2010 22:33:39 +0000 Between us some friends and we own 9 properties in Morwell. Yields are very good even now. When we bought we were buying in the $80k bracket and so we have had some surprisingly good capital growth. Management is the big thing in both Moe and Morwell. A good manager is worth gold and a poor one can cost you a lot of time and money. You can still…[Read more]

]]> c9737e4dbf85e6e6b3f29d24bcc706d7 https://www.propertyinvesting.com/topic/4399780-investing-in-dodgy-areas/#post-4623571 Mon, 10 May 2010 03:47:37 +0000 I do it. Followed the outline in SM’s book and bought in areas that gave me yield. The funny thing was I’ve had good capital growth as well. I only buy ex-Housing Commission properties in Victoria. I imagine they are in what you might call dodgy areas. They do need good management but I could not have got into property any other way. The secret is…[Read more]

]]> a0d3e3f3bf2aa33d432821a1487eef7f https://www.propertyinvesting.com/topic/4399824-3-day-mega-conference-opinion/#post-4623814 Mon, 10 May 2010 03:25:08 +0000 I don’t want to get into a drawn out argument. My point is quite specific. I think I did not get my money’s worth. No more no less. I have paid 1% of the price to attend a property function, where it was made clear to me that I would be pitched to, and got more. So good was it in fact I went back the next year. I am far from a sceptic.
There…[Read more]

]]> 19011d006aa39c733ef3e61c3c72b6ac https://www.propertyinvesting.com/topic/4399824-3-day-mega-conference-opinion/#post-4623803 Sat, 08 May 2010 21:02:28 +0000 I won’t be returning for Sunday. I am unhappy that I’ve had to sit through a series of pitches for products some of which have a tenuous connection to investing in property. The straw that broke the camel’s back was Aussie Rob. 90 minutes of fluff and pitch. What annoys me most is not the waste of my money or time but that I put off helping some…[Read more]

]]> 0796ca7a2c76cbff68d20184e25e2be9 https://www.propertyinvesting.com/topic/4395681-property-options-help-needed/#post-4600855 Mon, 16 Mar 2009 01:08:43 +0000 Just out of interest I went to the Lloyd’s site and took up the option for a free DVD on options. We’ve previously had one from Carly Crutchfield. Anyway had a call from someone at Lloyds and what ensued was a sales pitch for the system, there was a one sided discussion about when I would call back to dicuss my $9900 membership of their option…[Read more]

]]> 3f9644804bc8a951f609123a1d858074 https://www.propertyinvesting.com/topic/4395605-tips-for-a-17-year-old-getting-into-property-investing/#post-4600456 Fri, 06 Mar 2009 22:16:41 +0000 I managed to buy my first property at 17. It could be done 30 years ago. I had to visit a judge in chambers and he deemed that the various contracts could be enforced against me if I defaulted. Find a lawyer and ask if it is still possible (this was in New Zealand) if you have somewhere in mind. I had vendor financing so no bank was involved. It…[Read more]

]]> 72f5a2e6211ce4e41536495c3401de37 https://www.propertyinvesting.com/topic/4394961-acrylic-or-enamel-paint-for-bathroom/#post-4596934 Sun, 21 Dec 2008 06:01:26 +0000 Can comment on the paint. We use a water based paint called Aquanamel. In our bathrooms. It comes in gloss and semi gloss dries quickly.
Bunnings would have it I imagine.

]]> 168bc7d4d3ea76282471fe179827b501 https://www.propertyinvesting.com/topic/4394906-subdividing-back-block/#post-4596557 Sun, 14 Dec 2008 19:35:23 +0000 The best thing you can do if time is on your side is to do a bit of research. see what your council requirements are for various options AND find yourself a good surveyor. Make sure that the surveyor has a town planner on their staff. The difference between a good and a bad surveyor is months or even a year or more in time as subdivision plans are…[Read more]

]]> df2217f3956c1fffc3e53788b85feb9d https://www.propertyinvesting.com/topic/4384472-answers-to-where-to-find-cf-deals/page/12/#post-4542086 Fri, 12 Dec 2008 06:28:51 +0000 hawthorn wrote:
I 100% agree with fatboy i'm an investor from canberra i own 3 properties in canberra and 1 in nsw i went to morwell 2 weeks a go as its an area i've been studying for about 3 months i was amazed at how strongly positive cash flow property was there so impressed that i bought 3 properties with my brother it has cost us $348,000…[Read more]

]]> ce63b7105c5dc89bb7533b1695866a8c https://www.propertyinvesting.com/topic/4394906-subdividing-back-block/#post-4596555 Fri, 12 Dec 2008 06:23:36 +0000 It is what we do. We don’t sell. We work well under the median house price. Cheapest so far was $86K and most expensive $147K, each yielding a building site. The general rule of thumb for us is that the building on the back should turn the whole proposition into a cashflow positive deal if it is not already. Better if you ask questions of me. It’s…[Read more]

]]> fd77921f61c1c22145146498b86078d4 https://www.propertyinvesting.com/topic/4394909-capital-growth-or-cashflow-or-combo/#post-4596566 Fri, 12 Dec 2008 06:00:38 +0000 We buy cheap (currently under $200k) properties and subdivide them doing up the existing house and building on the back. We’ve followed a deliberate policy of going for cashflow. we get our capital kick from the subdivisions. We started with next to nothing in our 40’s and made a virtue of necessity. In our longer term plan we KNOW that we will…[Read more]

]]> eff6d1b558311f0df8ad1701af6131ac https://www.propertyinvesting.com/topic/4384472-answers-to-where-to-find-cf-deals/page/12/#post-4542081 Tue, 02 Dec 2008 04:26:06 +0000 About October of last year I wrote about buying CF+ve property in the Latrobe Valley. Specifically Morwell. I’m sorry I’ve taken so long to get back to the forum but we were bedding down a subdivision in Geelong.
I was asked a question about Housing Commission areas. Was it wise to buy, subdivide and build in such areas? That is all we do so it’s…[Read more]

]]> a007748947a9d359b6fe58cc98fd96e3 https://www.propertyinvesting.com/topic/4384472-answers-to-where-to-find-cf-deals/page/9/#post-4542027 Sun, 17 Jun 2007 08:50:12 +0000 There is a lot that can be said about making rather than buying a cashflow positive deal. All of that has been well covered in many posts. The burning question that doesn't get answered is "are there cashflow positive deals available of the sort outlined in Steve's books?".  We have found a place in reasonable proximity to Melbourne where you can…[Read more]

]]> 819db7c2dfacc24949cae76201ef27d6 https://www.propertyinvesting.com/topic/4388272-just-being-made-redundant-need-advice/#post-4561443 Sat, 03 Feb 2007 10:04:28 +0000 I must agree that finance is not necessarily a problem without an ABN AND in our case a part time work history of only 15 months in Australia. We had about $60k in savings which we brought with us from overseas and as far as the bank knows that’s it.
I was very sceptical about getting finance and only went through the motions with the bank to keep…[Read more]

]]>