yea I never sign up to anything on the first offer. i go away and tell them i will contact them when it suits me and if i miss out well bad luck.

$240K for 30 min drive from CBD, I wouldn’t touch it. but then my criteria may likely differ to yours. so good luck. Also tax wise an old house would concern me at $240K half hour from the city. I expect you going for the land?

when is it ever the best time to buy? depends on the location and your cash flow position. diff locations boom at different times. So many variables to consider.

Yea i walked out of the PMG meeting cause I refused to sign their non disclose agrement. As if it’s rocket science! ABC Four Corners, was not too complemenrary about them either.

MIA do you have a contact for a builder that does this demolition and removal ?

Thanks,
Dave

How can this be right when interest is calculated daily ?

I thought you had to take 6% or .06 then divide by 365 to get the daily rate result, add 1 to that, then multiply $100K by the result 31 times compounding each result, to get the monthly interest.

Bearing in mind that 4 months only have 30 days, so you may need to deduct 4 days interest…[Read more]

save ur $3K and buy a book or two. keep on the forum, research the web for 3 months at least. then come back and tell us your plan and we will further comment.

Spend 300K on 2 or 3 bed house and rent it out for $310 per week. Negative gear it and rent somewhere else yourself cheaper than the rent for the house, say $220 per week. If you can get the numbers right depending on your combined salaries and using the higher salary as a tax base, you may even go positive cashflow within 12 months. Who knows !…[Read more]

Yea my bank loans manager aint much better either. Hes always busy, has little time to discuss matters property. eager to lend, but no time to explain the ins and outs of the products and services.

Forgot to tell me the cut off date to change my product over to a fixed interest loan so I could pre-pay my interest this financial year. Too late now…[Read more]

Is what that rich woman doing legal ?

is it income or shared rent ? actually it must be income as it would constitute boarding. Thus any income from it would have to be declared surely.

hmm he lives about 15K away from me, but i still will give hime a call.

yea but at $50K surely ur gonna have maintenance headaches ? You will probably end up spending another $30K just to get a tenant in the door. Are we talking a single bedder here ?

As I understand it, until all contracts are signed, it carries little weight I’m afraid. Even if you sign contracts and the seller does not, you don’t have a sale. Even then some contracts come with a cooling off period. An offer is just that an offer. It is not an acceptance by the seller or even you for that matter. The seller has offered…[Read more]

well if a cash cow set up a super futures lending fund perhaps they could do it that way. i.e. they lend you money based on your super fund value at a given interest rate probably higher than normal. The higher rate would cover the risk and inflationary aspects, say 10% Your capital growth could still exceed that diference in interest from the…[Read more]

what sort of rents are you getting in Perth ? will $240K property rent for more than $240 a week ?

yeah you got away cheap buddy. just my searches cost $600 and the solicitors conveyancing service another $595

Thanks people, I will keep that advice in mind.
cheers.
Dave

Lindy-d, David here from Melbourne. I suggest you make your first property investment and build equity in that and rent yourself to live in. You will get there faster that way.

cheers. [8D]

I recon you would need to have very rigid contracts with the builders. I would also want the builders to be experienced at this sort of thing, not just your local Joe Blogs builder. You would need good plans. As was said before you need a good prefessional team who are on your side and know what your on about. People experienced in property…[Read more]

does Monopoly Tycoon take into account property investment factors ? or is it more a game of Monopoly ?