what does Rivkin’s death have to do with the general property forum?

To get a good sense of what types of development will be allowed in different regions in S.E. QLD & to see future infrastructure & transport route plans, it is worthwhile having a read of the these documents:

1. Draft South East Queensland Regional Plan (available at http://www.oum.qld.gov.au)

2. South East Queensland Infrastructure Plan and Program…[Read more]

I guess acquiring the 3-4 properties will be no trouble. In theory, you (or anyone) could borrow 100% of the funds needed for this purpose.

Another issue to consider is whether there will be any problems with cashflow?

For example, it is unlikely there will be much capital growth in the property market (generally speaking) over the next 3-4…[Read more]

My understanding is that Steve explains positive cash flow as a basic calculation (before tax bebefits)of the weekly profit of owning the property i.e. rent received – loan repayments = positive result and money in your pocket.
This is a very basic explanation.

I’ve heard this strategy referred to as “how to go broke while making a profit”.

From…[Read more]

Getting there…

You should ask the people at network marketing (read “pyramid”) school to come up with some new sales tactics…selling the dream on all bluster & no substance is sooo yesterday.

In today’s economic climate, i think you’ll find most experienced investors won’t buy promises.

But then again, they say there’s one born every…[Read more]

Hi bwendan,

I’ve never heard positive gearing descibed in that way debtdogg described it.

From my point of view positive gearing and positive cash flow are exactly the same.

cheers
Jason.

HOUSE, HOUSE & MORE HOUSE…

You get land, and no Body Corporate!!!

Jason are you seriously suggesting that she take $20 per week from her 16 yr as board…I understand her financial situation from what has been described as tight, however, taking money off your child IMO, is contrary to not only parents responsibility but just wrong.

I don’t have any children but I pay 48.5cents in the dollar tax to fund schools…[Read more]

Hi techhowse,

Easy Street Financial Services has an online savings account paying 5.65%p.a. paid monthly, with no risk & ready access to your cash. Only need $1,000 minimum balance. Being paid monthly means it compounds 12 times per year (as opposed to say a term deposit that only pays interest on maturity). This account has won awards for best…[Read more]

Hi nowork,

My strategy is to buy into the highest quality asset I can afford in each asset class (ie, whether it is property, shares, cash, or any other alternative investment).

For my situation, this makes more sense than focusing on accumulating several cash flow positive properties.

cheers,
Jason.

Dazzling…you are on FIRE !!! I agree with you too….

Recently bought an IP & apart from the 9.9% in fees the PM offered to charge us for their “expertise”, they said we would only get $315/wk.

We placed a $60 add in the paper 2 weeks before settlement and we had a tennant paying $360/wk + pool maintenance costs, the day after…[Read more]

Hi Michael,

Congratulations on following up with customers & taking an interest in evaluating the effectiveness of this aspect of your business. [specool] Hopefully, others will follow your example.

I have recently purchased a book from your website & it has given me some ideas I hadn’t considered previously.[biggrin]

cheers,
Jason.

Hi Michael,

Do you know of any surveys or the like that discuss the proportion of people who self-report that they have made significant financial gains as a result of attending seminars?

I was just wondering if anyone does this style of survey? It would be intersting to see the results.

For example, it may be that everyone benefits to a low to…[Read more]

Hi broach,

Probably all of the following suggestions will hurt to a greater or lesser extent…

If you have the money to pay the extra in mortgage lenders insurance, you could ask if your lender would let you borrow the $30K & add the LMI to the loan ???

Personal loan? depends on your cash flow situation I guess.

Can anyone (relative or friend…[Read more]

Hi loanwolf,

when you say you would like 10% in the short-term, what timeframe are you looking at?

You can put it in an online account and get 5.65%p.a. paid monthly, with no risk & access to your cash. But if you want 10%, it will mean more risk. Generally, the shorter the timeframe, the greater the risk.

Cheers,
Jason.

Congratulations…good to hear you got a positive outcome!! [biggrin]

Uproar in WA

Hey we’re still smarting about the fact that a female proprety owner (investor) is losing her house under the proceeds of crime act as her tenants were using the house to grow/sell marijiuana.

A guy on 6PR Radio rang up the other day wanting to know what to do, his parents rent thier IP privately and the son did the last…[Read more]

Monopoly got it right, I’m questioning why landlords need it, when it is for the protection of employees.

This question has still not been answered, so it still sounds like BS to me.[V]

Can you change it…yep…just don’t pay it. I can’t believe people would blindly pay this without any explanation of why they were paying…[Read more]

ooops…i think the $5M came from one my earlier posts…[blush2]…sorry…

I hope you do get approval you need. I only ask about this because one of my companies is involved in projects with the venture capital community and I have learned to become very wary of blue sky valuations based on verbal reports…when it comes to businesss, I live by…[Read more]

Why would residential IP owners need workers compensation insurance? Sounds like BS to me.