Wylie

Hi Wylie,

I am also in…[Read more]

After looking through the studio apart. I found out that there was a 2 bedroom for sale in the same building. Here are the stats:

2 bedrooms (decent size)
approx 70m2
Fully furnished
$3000 body Corp/ $1200 rates/ 8% mgt fees
Has a 6mth lease for…[Read more]

Thanks for your reply, they are good points that I have considered. I am not planning on selling the unit any time soon, so am not really after the capital gains. I just thought it would be a good entry into the market – and if it generally isn’t costing me anything from week to week I thought it might be a good idea.

As…[Read more]

Sorry I was suppose to include your last comment in this reply, haha . . .oopps!

Anyway, I didn’t mean to sound cynical in any of my responses, and I didn’t get the impression that any other members were being cynical as well. I was generally happy with the seminar I attended and with the appointment I had with CWB. However I do…[Read more]

1. I have subscribed to CWB and read John FritzGerald’s book, “7 Steps to Wealth”.

2. I find that what John FritzGerald shared in his book and seminar to be both informative and educational, and I am using some of his ideas to develop/adapt for my own property investing strategies. I do find that they…[Read more]

That is the one and only frastrating thing holding me back – I am currently playing the waiting game as I scrimp and save as much as I can.

And before any suggestions come back – no, I don’t have access to any equity [glum]

Sacrifice
Understanding
Committment
Character
Excellence
Satisfaction
Structure
= SUCCESS

Sacrifice
Understanding
Committment
Character
Excellence
Satisfaction
Structure
= SUCCESS

I don’t suppose you would be willing to help me crunch some numbers???

Cheers,
IIT

Sacrifice
Understanding
Committment
Character
Excellence
Satisfaction
Structure
= SUCCESS

Thanks for that Simon – I have been trying to figure out ways around my current situatuation which sounds similar to Jays. I am saving like crazy to purchase my first property but at the same time trying to pay off $10,000 on a car loan (which is probably more than what my car is worth now [glum])

I was worried that even once I had…[Read more]

In relation to being able to refinance to incorporate existing debt into your mortgage . . . Can this be done within 12 months of obtaining the mortgage, or do you have to wait until you have built up enough equity to cover the old debt???

Thanks

Sacrifice
Understanding
Committment
Character
Excellence
Satisfaction
Structure
= SUCCESS

It will be interesting to see what the court rules . . . Will be watching with interest, as I was considering the program for next year.

Cheers
InvestorInTraining

Sacrifice
Understanding
Committment
Character
Excellence
Satisfaction
Structure
= SUCCESS

Which papers in particular are you talking about to have a look through? Just the Courier Mail or the Australian etc?

Thanks

InvestorInTraining[grad]

Yes – I attendd the same seminar a couple of weeks ago, however John did appear at this one and spoke for around and hour and a half. The content he went over sounds very similar to what you have described (focussing on land content etc) and I did find it informative.
I have also read his book and I do like the idea of the Toogoolawa…[Read more]

Thank you for your reply. I had a look at the previous posts on Custodian Wealth builders and I will definitely be doing a lot more researh before considering dealing with them. However I do like to do my own research into property etc so I am not sure that they would be much help for me.

*Redwing,
haha I had the same thoughts when…[Read more]

This is a follow up from my previous querie on if anybody has heard of or dealt with ‘Custodian wealth Builders’.

I had my first appointment with them a couple of weeks ago and my opinion so far is positive. They are a fully disclosed company so they have to outline exactly where and how they make their profits etc. They offer advi…[Read more]

I am also beginning in the property investing arena, and at first I found a lot of the things you are talking about overwhelming. However – my best advice is to sit down and talk with multiple brokers. I have spoken with about 5 different brokers now, from different companies – each one of them had different peices of knowledge for…[Read more]

[biggrin]

I would love to see some information in the upcoming newsletters regarding different options on entering the property market, such as:

Stay renting & buy an IP vs Get out of renting and purchase an occupier home (thus taking advantage of 1st home owners grant, reduction in stamp duty etc).Then use the equity build up of this…[Read more]

I am currently saving to purchase my first home, so have been looking for creative ways to save extra cash as well.
If you work full-time, the best advise I can give you is to pack your own lunch – Dont eat out! I stopped doing this and am now saving an additional $50 per week.
I also have starting offering to babysit my…[Read more]

I am currently boarding in Moorooka, Brisbane. It is a lovely suburb about 10-15K out from the CBD. A nice quiet area thats very central.
Any advice on 1st home purchases would be greatly appreciated, whether it be related to finance, good ares or anything really! Thanks [thumbsupanim]