Investment is a fair play which is sustainable. The whole wrap setup was a trap for those taking the contract. As the promoter for this method (Steve McKnight in his book), he should be shamed for promoting such things.

A fair play is a MUST.

I guess my ultimate goal is to be financially independent and I would like to start setting things up to have a serious go at becoming a full time investor. So my apprentice investor mind tells me to reduce a PPOR mortgage, when I have 1 IP with a net loss of 2,000 per year, but a 100K capital gain. An yes your…[Read more]

Maybe I move in the house and wait for 3 months to sell for the sake of safety.

iLearner

Thanks,

iLearner

I talked to a person did wraps before. He said some banks allowed but some not. These are the bank’s asset until you paid off your loan. If there is a legal loophole in it, you could be well caught into it by the clever tenants.

I am interested in this idea. Does your lender allow you to do it?

Thanks,

iLearner

On an unusual occasion (on the way to airpot to pick up someone on 30 July 05), I listened to Craig’s talking. I am sure you what his talking I could do better than him.

My impression is he does not have his own opinion. All the questions people asked him, he said yes. He probably makes to appeal to everyone, the developers, the…[Read more]

I watched Martin current afair – I was shocked by the those lawers. You borrowed $68k – after one year – you got $600k loan. How people’s heart is so BLACK? We seems in a world having nothing but MONEY.

By the way, how many full time investors here?

This is in Perth where property has beening performing very well. I was trying to tell people who on this forum are not got talked into by these “hand made” positive cash flow properties — Understand!

If they are selling 2 years ago it would be much worse.

Thank you for sharing your PERSONAL experience with these gurus – they are stink and stink… They pick some tricks from each other and then blast each other on forums…

I have sent a number of anti-guru and anti-seminar ($$$) posts at these public forums to warn new investors.

Remember: there is no free food in the world.…[Read more]

It is in a new development area. Duplex – you can put two on it (even it is a small block 550m2). A cottage block is 300-400m2 with lane way access. Traditional – you have another house oppoiste your backyard.

They do have some differences – that is why I seek some advice – which way to get better return…[Read more]

I am the northern surburb fan. I have compared surburbs across the metro area. West of Mitchell freeway is much better potential than any other areas. Currently undervalued surburbs such as Craigie, Beldon, Heathridge and Padbury will have great potential. Just compared with their neibouring surburbs, you will find what I am saying.…[Read more]

I agree with your comments. I want your comments on WA market. I can not belive it – why Busselton, Bunbury just going up when their house prices are unjutified high?

Same interests, same lower unemploement, same economic development … Compared with 2million people state, I do not think WA’s property is cheaper… I think the mad…[Read more]

Perth will never reach the level like Sydney. You got to remember.

Obvously we have some in commonl. In certain surburbs you will not lose money (below meidan as you claimed). This emphasised even in the crash share market, there are still a lot of shares going up.

I purely act for remind those investors to be very careful when they buy in such market – do not get forced to sell in the future.

I wish WA are well because I got vested interests in it. But the reality is different. Also because of this bad cycle (high land cost, high labor cost) will generate a huge bubble in the real estate market – eventually it will burst – I believe 2006 (Not saying median price not going up).

Do you want me to give some examples?

Thank you for your comments. HAHA. I live in these area – I got investment in Craigie, Beldon and Healthridge. I did not mention these undervalued surburbs – I mentioned those (many, most) overvalued surburbs. I am happy you mentioned these surburbs (I got 3 in these surburbs…). NOT many undervalued surburbs ….

I found you are very funny person. It seems you are the PM. It seems only you are worrying the sky will clapse. From your “sound” economic knowledge, it makes me feel your knowledge may be extremely polarsied. You probably did a double degree in your Uni. You do not understand that the Building industry is one mayor part of economy…[Read more]

Agree with you. So many people who have vested interested on this site and try to influence people. I saw survey from another site saying 60% people thought seminars are scams. The web now becomes another kind of propaganda

I think best crossing few things – low establishment fee, good rates, less mortage insurance, flexibility (redraw, discharge – because you donot know when it is raining in your life). Wizard seems very good? does anyone agree?

I got $330k from ANZ with two houses worth $520k. ANZ only do low doc at 60%. Therefore compare with 80% (other banks), I locked $86k – which I could use for renovating or buying. I also got another loan from CBA of $330k with two properties worth $600k (one house is under construction). — you can see I got some equity locked…[Read more]

Perth property prices on the way up again -16 May 2005

KELLY GIRDLESTONE

Perth’s property market has entered its second growth cycle, skipping the traditional downturn to post stronger than expected March quarter results.

While NSW, Queensland and Victoria are struggling to achieve positive growth in…[Read more]