Well done for the savings plan.
Other books to read;
The rest of the Jan Somers range, Margaret Lomas, Monique Wakelin, Noel Whittaker, the rest of the Robert Kiyosaki range, Terry Rider, Neil Jenman, Peter Spann, “The Richest Man in Babylon”, “Think and Grow Rich” (Napoleon Hill), “The Millionaire Next Door” (Stanley & Danko), John Burley.
There…[Read more]

Hi breakeven,
I agree with waynelad about the agents -they will try to ‘buy’ your listing by pumping up the sale price.
But the valuers are different. I know the valuer that works for my bank personally. He values my house every year for the bank so we can assess our equity position.
He only bases his valuations on recent sales that have been…[Read more]

Originally posted by vyaw2003:
Hello,
I am looking to perchase a new IP soon. Any tips on how to get it as cheap as possible from the real estate?
How much should i spend? is there a resonable % of my income that i should allow for the repayments after rent? Is there some kind of rule for this? eg repayments in total should cost 20% of…[Read more]

Originally posted by condog:
In his “Guide to investing ” he covers all the basics and his principles are sound. Its a good first read but certainly not enough to trade or buy and hold from.

Just google value investing. You will get heaps of good sites

like
http://www.moneymanager.com.au/investing/index.html

and many others. Then use this…[Read more]

Without a regular and preferrably full-time income, and a deposit, it will be hard to buy a property.
Your parents can be a guarantor for a loan, but you still need a deposit.
Even if you go into this full-time, you will need an income to carry you until you sell and make profits, so don’t quit your day jobs just yet.

Start saving, study the real…[Read more]

Finally back! Unexpected visitors on top of everything else.
I got the notion to become serious about investing in property in late 2000. I already owned my own home and was looking to do something with my now expendable cashflow to secure the rest of my future.
I started to do a bit of reading (Jan Somers) and shortly after came across an ad for…[Read more]

Originally posted by elkam:
“I am happy to go first. Here goes.”

Hello L.A. Aussie

Good idea but where is your story? [biggrin]

Sorry everyone, I was in the middle of composing the story and I got side-tracked and in the commotion managed to delete the whole thing.
Stay tuned.

Cheers,
Marc.
erardent@hotmail.com[withstupid]

Sorry for the ignorance, but what is a part 9 agreement?

Cheers,
Marc.
erardent@hotmail.com

I wish there was, but then it would be too easy for everybody.

Some people put the cost of the reports down to ‘cost of doing business’. They are happier to buy the info they need than to find it themselves. This can be due to time restraints, or lack of confidence in their own research, or simply can’t be bothered doing the leg-work etc.
There…[Read more]

To the regular share trader/investors out there; has anyone read Robert Kiyosaki’s ‘Rich Dad’s Prophecy’?
If yes, what is your opinion?

Cheers,
Marc.
erardent@hotmail.com

sounds good!

Cheers,
Marc.
erardent@hotmail.com

These situations are always difficult to give an answer for. What are your goals for your investing?

Do you sell now and make a small profit, or do you keep and continue forking out cash every week in the hope of some cap growth? Everyone has a different view on this situation.

The long term view may be to hold on to them and wait for cap…[Read more]

“Hi all
I’m not sure I agree with Marc’s definition. The positive cashflow properties I end up with are +ve without depreciation if that’s what you are talking about.”

Hi Sue,
I think rod27 is saying he can’t find anything that is either positively cashflowed or positively geared based on the normal purchase price and the rent return. From what…[Read more]

Personally, I think some land content is a good thing over the long term as it is the land that increases in value – the building depreciates.
It is especially good from the point of view of development or subdividing the site to either sell or develop and rent etc.
That is not to say that a villa won’t do well, but I think historically houses…[Read more]

Originally posted by elkam:
“To be on the conservative side, I always underestimate expenses, over-estimate returns/income. It is a successful rule that I live by, and I wouldn’t quote blown up figures to ill-advise ‘simple’. ”

Hello L. A . Aussie

I’m a bit puzzled. This is the second post that I have seen you say the above. The first time I…[Read more]

Ask for proof of employment eg; employer’s phone number and address. However, even unemployed people get rental assistance and can make excellent tenants.
Ask fo references from previous residences where they have rented if any.
You can also try and ask a local agent to do a check on the Tenancy Database. This will incurr a small fee, and the…[Read more]

That’s where the due diligence comes in.
You don’t know for sure which houses are going to make a profit, but your research will help narrow down the selection.
In a nutshell, a property that is close to all amenities, not on a busy street, has the potential to have added value and bought below market value are your starting points.
The other…[Read more]

Originally posted by marsden:
LAAussie includes a factor for capital gains which is probably the historical 2 to 5% realized in the past. It is unlikely that this can be taken as a ‘given’ especially in the short term, say 10 to 20 years. It may work in selective investments but the key word is, of course, selective. In fact, the true immediate…[Read more]

Hi smiley7,
you say you will be out of pocket $40-$50 per week? How much cash deposit are you providing?
I have done a very simple equation on your figures (assuming you are borrowing the entire amount using some home equity as a deposit, which is also borrowed);
At say, 7% interest, your weekly interest bill is $250 in round figures. (I would…[Read more]

If you are looking for a pos ‘geared’ property in Victoria using a low or no money down deal then I reckon it doesn’t exist at the moment.
You may be able to find a pos ‘cashflow’ property however.
This is different to pos ‘geared’ – it is neg geared at first, but becomes pos CASHFLOW after tax.
To find one such as this, you will need to find a…[Read more]