Forum Replies Created
Hi Tait,
DD found our first IP for us, he is a great guy with a wealth of knowledge on investment properties.He is from Coffs Harbour but he does find deals in QLD as well.Look in the members section for his details and pm him.
Cheers
FostonLife is a series of new beginnings
We recently had depreciation schedules for 2 IPS prepared by Quality Inspections Australia, Very happy with their services and reasonably priced too. I will pm you their details.
Cheers
FostonLife is a series of new beginnings
We are having the roof on one of our IPS restored next week.The tiles are monier concrete about 30 years old, quite porous and the colour has faded.We have had quotes ranging from $2500 – $6500. we settled on a price 0f $3200 + $200 for 2 whirlybirds, this includes rebedding and repointing of the ridge cappings and replacing any broken tiles. The tiles need to be pressure cleaned first to remove the years of grime and dirt and then the first coat is a sealant to seal the tiles against moisture, the top coats are then applied with the colour of your choice.We believe this will definately improve the look of the house and increase the value.
cheers
FostonLife is a series of new beginnings
Try this.
propertyinvesting.com/mappers
cheers
fostonLife is a series of new beginnings
Hi ptKing,
API magazine usually has several ads for companies selling positive cashflow properties.
Foston
Life is a series of new beginnings
As with most areas in QLD Marsden has had capital growth in the last 2 years. The median price for the Marsden area is around the 196k mark and rental returns should be in the 200+ range depending on the type and size of the house.
Foston
Life is a series of new beginnings
Hi Hoppa,
Have sent a pm with contact details of a very good broker.
Foston
Life is a series of new beginnings
Originally posted by lukis p:Yes business can be a good money earner. Property allows peace of mind and a “passive” income stream. It has been the vehicle of wealth to the masses, it has histoy positive growth. And at the end of the day if we ever see another resession people will eat out less but they will always need a home. I would imagine that the rent in a great location would be high because it would be owned by a property investor who wants an income without going to work for it.[medieval]
I agree totally, i have had several of my own businesses and not one of them gave me a passive income if i didn’t work.Maybe i chose the wrong businesses.
FostonLife is a series of new beginnings
Originally posted by redwing:Hi everyone,
I was reading the financial review and thought these questions would be great to put to everyone in the forum and i invite everyone to complete them.
I look forward to any responses from the diverse group of investors we have herein…
What was your first investment? 2 bed townhouse
What are your investment goals? Initially we had set a goal of 5 properties in 5 years, so far we have bought 3 in 1 year, want to be financially independant by age 55, 47 now.
What’s the best investment decision you ever made? At the moment i reckon it was the decision to start property investing .
What’s the worst investment decision you ever made? hopefully we haven’t made that yet.
Whats the biggest investment risk you’ve ever taken and did it pay off? hasn’t happened yet as far as i know.
What advice would you give to an investor who is starting out? Do heaps of research and read plenty of books about property investing, attend as many free or cheap seminars as possible.How do you react when things get rocky? Again hasn’t happened yet.
What would you ‘never’ do with your money? Hmmmm, where do you want me to start, i suppose gambling would be at the top of the list.
Where do you source most of your investment information/reasearch? Various books, magazines, seminars, forums like this, regular investing club meeting and networking at same.How do you feel about investing overseas? We would possibly invest in NZ.What 5 of your investing is
Property? all our investing is in property at the moment.Shares?
Other?REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorLife is a series of new beginnings
BTW, I’m 25, so starting a bit late, but have to start somewhere/sometime.
Hi Andyw,
I wish i had started when i was 25, i’m 47 and have just started investing in property this year, bought our first ip in June, a 2 bed townhouse,the house next door is our 2nd.It’s never too late.
FostonLife is a series of new beginnings
Just bought property next door to our ppor, settles on Friday. Lowset 3 bedroom brick and tile with 1 carport and 1 L/U garage on 774 m2 block in Logan City south of Brisbane. Paid 130k, needs about 20k spending on it, should value at around 190k when finished. Will be rented for $185 per week.
Foston
Life is a series of new beginnings
Hi Joner,
I don’t think it was a waste of my time going as i did pick up some very good info, even though as i said the advertising for the course was a little misleading regarding the renovating content. As to whether i think it was worth the $200 , if i utilise the info and knowledge gained i would say yes it was worth it,and maybe much more, if i don’t i would say no and that i have wasted my money,( i hope this makes sense to you).Everyone gets something different from these seminars and what may seem a waste of time and money to one person may be very valuable to another.
FostonLife is a series of new beginnings
Hi Joner,
I recently attended Denise Allen’s renovation course at Noosa. Jack Weavers plays a very large part during the course of the day. It was a full day jampacked with info. Although the course is advertised as a renovation course, it covered much more such as setting up trusts etc, wealth creation and various other subjects. I can not complain as i certainly learnt a lot on the day, however i feel it was a little misleading as to being advertised as a renovation course. I believe the the course is designed to whet your appetite and steer you towards his workshops and home study courses.Cheers
FostonLife is a series of new beginnings
Originally posted by SteveMcKnight:Hi,
Well, all I can say is sorry for the glitch.
I am currently looking to try to help all those who missed out (and are on the waiting list) by running an alternate event on a similar basis.
Stay tuned for more information…
Bye,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Hey Steve, that would be great, looking forward to it.
Foston
Life is a series of new beginnings
Originally posted by bbruham:My goodness!!!! I’ve never been invited to anything in my life.
I’m the most unloved person in the the world.
Everyone hates me!
Mother-in-law is suing me.
That’s only one story.
Now Mr Steven McKnight is inviting ME to his book launch!…But the queue.. it will be as long as when they opened that new Krippy Kreme Donut shop in Sydney.Queues almost out of sight.In two directions.
I hate queues Mr McKnight!!
If I go I want to stand up close to Minimogul.
Real close, Mini, B.O.close.
Then I could annoy Monopoly by breathing into her right ear.Plus if I play my cards right,even score a bed for the night.
This could turn out to be a “real” good night.
Shame,I won’t be buying the book.
bbruham[withstupid]You sound like you are a barrel of laughs mate,NOT.[offtopic]
Life is a series of new beginnings
Originally posted by trisha007:Anyone else miss out because they couldn’t get the link up?[angry2]
By the way, perhaps I can catch up with all you Melbournites that go and find out how it went?
Shame I cant purchase an autographed book Steve…
Trisha
I Tried for several days but also couldn’t get the link to work, sent off an email requesting a ticket to Brisbane launch, didn’t even get a reply[glum]. When the link finally started working all booked out[glum2], very disappointed.
foston
Life is a series of new beginnings
Hi emcdonald,
I think the first thing you must do is determine just how serious you are about buying your first ip.
Then if you are really serious set a goal and then work out a strict budget.
You will be surprised just how much you most likely waste each week on unnecessary items.
Stick to your budget and save, save ,save.We have an ING direct savings account which we have set up with a regular transfer from another account, we dont miss the money and it builds up very quickly and is earning 5.25% with no fees.
You will have your deposit in no time.
Cheers
FostonLife is a series of new beginnings
Making low offers does pay off in certain circumstances. The house next door to us is a rental property which the owner had let run down a bit and the tenants had expressed their unhappiness with their landlord to us on several occassions, due to his lack of maintenance on the property.
They also were quite happy to show us the problems the house had. We had arranged a meeting with the owner to discuss rebuilding the dividing fence. I asked him if he was interested in selling the property and he said he had thought about it.
He wanted $170k for it as it was and if i was interested to submit an offer.I told him i wanted a couple of days to think about it and during this time i spoke to several tradespeople about repairs that were needed.
I allowed for the absolute worst scenario and i offered $130k thinking he would want to negiote.To my utter surprise he accepted my offer, making low offers does pay.Cheers
FostonLife is a series of new beginnings
The Brisbane investors group (BIG) has a new venue, meetings are now held at the Construction Training Centre, 460 – 492 Beaudesert Rd. Salisbury, in the Ian Barclay building, conference room 2.2, 7.30 pm on the last Tuesday of the month.
Cheers
FostonLife is a series of new beginnings
Hey bbruham,
You’re gonna be dead and loving it at an early age i reckon.[ohno2]Slow down man and smell the roses, you’re working yourself into an early grave.[wreck]Foston
Life is a series of new beginnings
