Wow. I didn’t expect so many responses! That’s awesome. Thanks everyone. The properties are in regional NSW close to a major city. Have low vacancy rates etc. and have down research on the area and i think it is a place good for investing as a newbie. Both Freestanding houses. I am buying and holding for now and see how we go. Purchase price is…[Read more]

Hi TM

@JacM who is a member on the forum here is a Buyers Agent who covers the Geelong area.

Cheers

Yours in Finance

@JAcM, why not ?

THere is big mall development going on: http://www.coronis.com.au/blog/a-decade-of-planning-sees-coomera-flourish
Now this area is growing fast for sure.

@JacM sure but cashflow+ properties could also have rental issues…..saying that cashflow- properties cant be relied on for capital growth is the same thing.

The issue I have with Steves book is that when doing the sums there is a total willful ignorance of inflation, yes deflation can and does happen…..but odds are over time inflation is the…[Read more]

Thanks for the responses guys, to clarify:
– The business has gone extremely well renting out office space to other small business owners, and as a whole this concept of co-working spaces has grown exponentially over the last 3 years.
– I run Your Desk (www.yourdesk.com.au) and over the past 3 years we have built up to offering 80 desks, with a…[Read more]

Hey bit of friendly competition never hurt anyone! lol@JacM

And this forum is full of great people, that's why we all hang out here

D

@JacM

Yes the minimum is $10K up in $1k increments but Steve has received some cheques for $100K or more, I was just saying I wish I was one of those ppl in a position to be able to drop $100K on the table.

She is a real estate agent. I had decided before I met with her that it was not a good idea as I had done some more reading inbetween making the appt and the actual appt. I was going to cancel but in the end decided as long as I promised myself NOT to sign ANYTHING I would meet with her as it might give me a bigger insight into what 'method' these…[Read more]

Hello Everyone!First thank you for the big welcome!It has been quiet a week, I read everyone's responses here and I've made some progress.First of All I've started looking for another job. $13 and paying Mr Blockbuster is never going to grant me financial freedom. That being said I'm not sure I'm in a position right now to open my own business, I…[Read more]