They create an aura and very cleverly tap into a basic human want – to get rich quickly without expending much energy. This is a very strong temptation and we have all felt it at some stage of our lives… We fear missing out on some big secret.[grad]

yes absolutely right, It’s difficult to resist, especially as a…[Read more]

The reason I say this is the people I was able to meet and network with along the way. I have met some great like-minded people who have become great friends and…[Read more]

OMG [ohno] … you obviously haven’t heard of PHP

(come on guys, dont hide.. but who here, ones once a tenant..)

seriously what’s to admit, 95% of places are cheaper to rent then buy… why wouldn’t you rent? Until you’ve reached success in my view the only sensible way to buy property…[Read more]

In my eyes you can learn either self-tought through books, forums, failures, etc or coaching, where you get to spend time with a mentor or experienced friend on an ongoing basis.

The seminar belongs to the first category…[Read more]

So… digging deep into your mind…is the reason you (and other avatorless people) haven’t chosen an avator because:
*You wanna be mysterious?
*You cannot find the one you wanna be associated with or descibes you?
*You dunno how to get…[Read more]

Another way to look at it: Would you do what you are doing…[Read more]

sorry, don’t quite understand… how do you then work out contractually to pay the remaining 20% to the owner. Will you own (and occupy, derive income from) the house in the interim?

Also if you’re making the move (and ask vendor finance) I presume you’d have to be searching for a loooong time to find someone willing to do it(?), or is…[Read more]

well, this is what I’ve got so far…
1) after the 99 year lease the lease gets extended
2) so investment should keep rising in value like any other property
3) oftern buildings last more than a 100 years, it’s generally the interior that gets…[Read more]

however if you must I would have thought Jenman would be the authority in this area, so it seems you’re on the right track…

also welcome to the forum.

Yes that’s the 11 second rule and you’ve pointed out a quicker method of calculating it.

Of course this should NOT be your only factor in deciding on a property. Steve makes a point of this in the book. It is just a very first step to sort the possibly good from the bad. Once you’ve narrowed down your choices…[Read more]

1) planning and action = success
2) planning but no action = no success
however
3) action but no planning = success (with persistance)

underlines the importance of taking action

glad I waited a little [biggrin]

oops… investors forum… *runs away and hides*

dont have any knowlege of the house or area. Looks like you have a solid due diligence process in place, which in my view is step 2 (finetuning/ researching the deal).

The easy way (step 1) I would decide on whether I knew it is a GOOD deal is do the following:
1) Have selected this area as best of at least 10 other areas (potential for cg,…[Read more]

You would have to have considerable equity or savings to get a 100%+ loan, no? Or is it the positive income alone? Pointers on how ot…[Read more]

where will the next meeting be? I’d be interested in coming along.

thanks.

thought as much as I’m generally good with finding stuff on the Internet…

So far I’ve found median house price data in magazines like the “Australian Property Investor”, however they’re not useful to compare prices in eg. your street?

Do you find you you still reference that kind of data much?

regards

as a tenant I’m looking for leasing opportunities in the inner city of Sydney now

as a prospective investor I was aiming at getting some further information at the kind of experiences current owners of inner city properties have

“nobody in the inner city… was interested in…[Read more]

they’re the going rates in the city at the moment

thanks for the reply. Just letting you know of one reader’s initial experience with the book. I did figure what you were trying to get across in the end.

cheers

on another note… somebody must be making money on inner city properties somehow? they can’t be all…um… stupid
just wondering how with apperently low capital gains, a saturated market and low rentals?

how old are you then (if I may ask) to have purchased 11 properties?