[Jason StaggersParticipant@jason_staggersJoin Date: 2006Post Count: 61]

July 10, 2015 - 3:22 pm

asou wrote:

Shall I even bother buying the course because I don’t even have this much money to begin with? After paying for the course, I probably don’t even have much in my bank account. How much in capital do I need to have before doing this course? I don’t want to end up buying the course and then realise I don’t even have enough money to buy a property to do a reno at the end.

Thanks for your questions @asou. You have two training options: Course + Mentoring for about $10k or Course only for about $5k. If you are ready to start investing soon and will still have deposit money after spending $10k for the training, I’d say that course is right for you. If you will not have deposit money for 12 months or more, I’d say go with the Course only.

Your required capital depends on where you will be investing. If money is your primary constraint, I’d probably being steering you away from Sydney to less expensive markets.

Get in touch with me if you have more questions. Happy to catch up over the phone for a complementary mentoring session and to discuss whether the timing is right for you.

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June 24, 2015 - 12:56 pm

At the Millionaire Mega Conference last weekend, Steve McKnight talked about the “auction bastard” approach. Ask a question like, “Can you confirm that this property contains no deadly asbestos?” That will likely scare off some competition. Otherwise, buying at auction is not ideal as it often tends to favour the vendor.

• This reply was modified 8 years, 10 months ago by  Jason Staggers.
• This reply was modified 8 years, 10 months ago by  Jason Staggers.

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May 28, 2015 - 3:20 pm

To all of our mortgage brokers in the forum, thanks for your first-hand updates. It’s very helpful for the broader PI.com community.

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May 28, 2015 - 3:18 pm

@deancollins, as I’ve written here, APRA exists to regulate our banks’ exposure to risk in order to protect depositors, so all they need to do is say that’s what they’re doing even if what they are really doing is carrying out monetary policy for the government. None of this would be necessary if the RBA wasn’t artificially suppressing interest rates below what the market would otherwise set on its own.

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May 7, 2015 - 4:16 pm

DeanCollins wrote:

Interesting that the RBA dropped interest rates 0.25% today…….but the $A went up instead of down like it is supposed to.

Not sure what it means yet apart from…

Interesting indeed @deancollins. The reason is because Glenn Stevens left the impression that there would be no more rate reductions by removing an easing bias from his statement Tuesday. I reckon he was showing caution to get a desired currency response without fueling more property speculation long term. But stay tuned for tomorrow’s statement. In light of the financial market’s snubbing, they are likely to reintroduce easing bias language in their economic outlook. That will likely cause an Aussie dollar sell off.

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May 5, 2015 - 2:29 pm

Hi @lizinda. This article might point you in the right direction: https://www.propertyinvesting.com/granny-flat/

All the best.

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May 5, 2015 - 12:22 pm

Here’s some inspiration for you @steven-b :-)

https://www.propertyinvesting.com/how-a-young-property-developer-is-making-hundreds-of-thousands-in-profits/

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April 20, 2015 - 2:03 pm

@jo23, check out my article, “4 Ways to Fund the Growth of Your Property Portfolio”: https://www.propertyinvesting.com/4-ways-to-fund-the-growth-of-your-property-portfolio5002855/

It’s a little broader than than the equity question, but hopefully it will help.

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April 20, 2015 - 1:54 pm

Here’s the link if anyone wants to have a look: https://dsrdata.com.au/blog/2015/2015-04-population-growth-myth

I think he misses the key issue on population growth which is the outlook of our immigration policy. We’ll need to keep our borders open to skilled workers to boost the population so we have enough tax payers to cover welfare costs of our aging population.

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March 17, 2015 - 3:03 pm

The question is: Which will prove more powerful? China’s woes or Australia’s supposed housing shortage? As you say, those whose money is on China’s woes should be cashing up right about now.

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March 5, 2015 - 5:00 pm

That’s definitely a concern @deancollins. Rates will eventually revert to their historical mean. Once we hit the bottom, whenever that is, we will have attracted more and more speculators into the market which will make the inevitable pull back all the more painful. This is why I think the Austrian economists were onto something. Like @charliex hinted at, the more government intervenes, the less supply and demand can naturally weed out inefficiencies.

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March 5, 2015 - 11:26 am

@noobugawa, do you consider this a lifestyle asset or an investment asset?

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March 5, 2015 - 11:24 am

I wouldn’t be the least bit surprised if we hit 1.5%. It seems easing is all the rage with the central banks of the world today. And considering the time Glenn Stevens spent under the tutelage of the Federal Reserve Bank of San Francisco, we might even see their .25%.

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February 4, 2015 - 9:04 pm

Smart stimulus is an oxymoron. Fiscal and monetary intervention is very bad long term. Artificially low interest rates create imbalances that lead to either consumer price inflation or asset bubbles or both. Credit expansion makes people believe that they are more prosperous than they really are, which will of course eventually lead to disappointment. The correction will come. We should opt for a little pain now rather than a lot of pain later.

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January 15, 2015 - 2:33 pm

Hi @gabmar.

Check out these two posts as they might be able to point you in the right direction:

https://www.propertyinvesting.com/buying-investment-property-part-1/

https://www.propertyinvesting.com/buy-properties-in-australia/

All the best.

Jason

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January 13, 2015 - 3:22 pm

Hi @hungpham. Great questions. It’s always best to submit your offers in writing but to do so with a “get out” clause so you can back out if you decide not to move forward. I’ve written an article on this topic which should be posted on PropertyInvesting.com in the next few days. Thanks for the inspiration :-)

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November 11, 2014 - 4:16 pm

We’ve just published a brief article on PropertyInvesting.com called “Build a Granny Flat to Boost Your Property’s Cash Flow”. Please take a moment to check it out and leave a comment to share your thoughts. Cheers!

https://www.propertyinvesting.com/granny-flat.

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October 27, 2014 - 2:35 pm

For a full treatment of this topic, please see the PropertyInvesting.com article, “R-Zoning Codes for Western Australia – What Does it Mean?” available here: https://www.propertyinvesting.com/r-zoning-codes-for-western-australia/

For a broader, Australia-wide description of zoning codes, check out, “Zoning in Australia – What’s Up With All These Codes?” which you can find here: https://www.propertyinvesting.com/zoning-in-australia/

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October 23, 2014 - 11:32 am

Great questions, thanks! Keep them coming.

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