I occasionally get enquiries from all over Australia that I can’t help due to geography. If you’d like me to pass on their contact details please feel free to PM your email address to me (prefer PM as I don’t need to keep a separate list elsewhere). I won’t use the details for anything other than letting you kn…[Read more]

A bit like bob the builder. Can he fix it? Yes he can!

Get more out of Renting!
http://www.positiveproperty.com.au

For those from…[Read more]

thanks for your feedback, yes you’re spot on re the lease option. I’ve been mulling this over and your comments are in line with my conclusions thus far. I’ll get back to the couple and see if we can make the deal a lttle more standard. I’ll check up on the other points as well.

Enjoy your weekend!

Marco

Get more out of…[Read more]

When you say that I would get to keep the return of 10% all to myself, are the repayments being paid out of this return?

(very) rough figures for the child care example are as follows:

Gross return: $54,000
Loan payments: $31,000
Nett return: $23,000

I suppose I should mention that we would do a lease option, so sell…[Read more]

Understanding your own finances is always the first step before investing as there is no sense in creating extra income if it’s just going to disappear by creating more doodads!

I teach my tenants some basic budgeting skills before we give them the go ahead to look for a house. Typically use the approach that John Burley…[Read more]

God Bless!

Marco

Get more out of Renting!
http://www.positiveproperty.com.au

All the usual disclaimers apply.

Have a great day!

Marco

Get more out of Renting!
http://www.positiveproperty.com.au

yes I think we’re both on the same page! Yet to master the book… maybe one day

Have a great day!

Marco

Get more out of Renting!
http://www.positiveproperty.com.au

check out this thread here
I need to let you know that I’ve not been involved with Summo or the stuff he’s organised, but it should be a good starting point.

Have a great day!

Marco

Get more out of Renting!
http://www.positiveproperty.com.au

Good to hear that you’re out there making things happen. I’m based in Adelaide, most of my stuff has been in the Northern areas.

Don’t have a problem finding houses as I focus on the tenant and educate them to find the right house.

All the best, Marco

Get more out of Renting!
http://www.positiveproperty.com.au

Firstly, Kirribilly isn’t for sale at the moment and I can’t see it being on the market in the near future. The point I’m makin…[Read more]

Are you ready for it?

Here it is:

It’s the PERSON that makes the deal work, not the HOUSE. Any **house** can be cash flow+, as long as the person is happy with the deal.

ANNNNNNNY house.

Kirribilly house…. Now there’s an ex…[Read more]

welcome to the forum, and congratulations on taking the plunge into the South Australian realestate market. I suppose the reason there isn’t so much activity on the forum regarding the SA market is due to the limitations placed on us by the SA Government regarding wraps. This, however, shouldn’t stop anybody buying some well placed…[Read more]

I found Bill Handley’s book “Speed Mathematics : Secrets Skills for Quick Calculation” very useful. I am by no means a maths enthusiast, and when I started doing a few deals I found that it took me *hours* to crunch the numbers (persistence pays off!)

Al though it’s not specifically about property, I found that once my general…[Read more]

there are a couple of views here. One of the decisions that you need to make is how you want to realize your profit. Do you want all your cash flow now (and not pay off any principal), or do you want to take the balanced approach and take a little less cash flow, pay a little principal off the house and even make a little capital…[Read more]

One of my colleagues has attended and we are now using *some* of the strategies as per the seminar.

As far as Lance Spicer is concerned,no comment. Have read the books but not gone much…[Read more]

Kind regards

Marco

wenzel@mbox.com.au

Regards

Marco

Have a great day!

Marco

Pick the excel novice!! ME

I found the tenant, and they found the house. That’s exactly the way Steve teaches it in his tape pack and at the seminars.

Hope this has helped you!

Have a great day!

Marco

could you paste the list on the forum? The article you mentioned is locked for subscribers only.

Cheers,
Marco

You’re not looking hard enough <grin>

Have a great day

Marco

Have a great day!

Marco

I was in the same boat 18months ago that you are in now. Everything seems so easy for all the other states – find a person, get them to find a property, we negotiate etc etc. <grin>

Here in SA it’s a little more involved. When you do find somebody to do a contract for you make sure it’s bullet proof, rembering that you need it if…[Read more]

(sorry Steve!)

in response to your second point (although not directly in relaion to it <grin>), may I recommend a book?

The Pig and the Python: How to Prosper from the Aging Baby Boom by David Cork, Susan Lightstone
ISBN: 0761512756
Available from Amazon. I read it a couple of years ago and it gives the reader an insight regarding the…[Read more]

All transactions can be done over the www. If you have cash it can be deposited at any of the big 4 banks all over…[Read more]

although not strictly speaking on the forum topic, I have just purchased a ‘3’ phone. I base my mobile phone purchases purely on the value of the plan, never the phone. Subsequently I don’t utilise its multimedia capabilities which are very costly.

If you are *very* disciplined then this phone plan will work for you as they have a…[Read more]

Have a great day!

Marco

Cheers,

Marco

interesting situation you have there. Interesting to the point that a lot of people are where you are at. I’d say that the people on this forum that are actually investing have also got their spending in check!

Certainly persue the refiance options, however you may also like to look at your spending as previously advised. If you need…[Read more]

do a search for “Adelaide” and you will get all the info you need!

Cheers, Marco

PS – why go to a financial advisor? They are only glorified insurance salesmen(IMHO)

sorry, must have missed your post. I’ve heard that Michael Abrahm is good. 8281-7777.

Can’t vouch for him as I’ve not used him myself(Mint group client).

Cheers, Marco

Have a great day !

Marco

Cheers, Marco

Here is my take on the situation. Investing is the end product of having developed the golden goose that lays the golden egg. What I mean by that is that it’s probably wise to develop a cash producing business first, then use the proceeds to fund your 20% deposits. I know that this doesn’t give you an exact answer to your…[Read more]

Steve advocates that the tenant is the investment, not the property (so much). To this extent he finds the tenant first, who then finds the property, tells you the investor about it who then negotiates a prices.

Doing it this way you won’t have a vacant house unless they leave.

Does that make sense?

Marco

I’m interested in the article you mentioned. I looked but couldn’t find it anymore. Would you happen to have URL for it??

Have a great day!

Marco

I’ve been on holidays for the week, so haven’t been able to get near the www.

Tax Lawyers – yeah – ditto from what the others say. I hear David Abrahm (CPA – Adelaide) is good and understands what we are on about. E-mail me for details or look it up in the whitepages.

BTW – Seacombe Gardens – are your townhouses the ones on Seacombe…[Read more]

http://www.reisa.com.au and click on General info. This lists median prices. Also try this link:
http://www.google.com.au/search?q=%22median+house%22%2BSouth%2BAustralia&ie=UTF-8&oe=UTF-8&hl=en&meta=

Make sure you past the whole link… or you’ll miss out.

Good luck, have fun.

Marco

just been thinking about your statement. I attended a presentaiton by Russell Woodrow a couple of weeks ago (http://www.woodrowandassociates.com/index.html). He mentioned that property and shares (ie most super funds) work in cylces. That is, when shares are down, property tends to head to up, etc etc.

I’ve sat down with him a couple of…[Read more]

agree with your comments. I’ve been looking at contact management tools recently (as opposed to property management)

I’m looking for something that will help me manage my list of contacts but also allows me to attach files ie Letters and faxes that I send, and makes notes of telephone conversatione etc.

Act! is something that looks…[Read more]

I have a meeting with pierie executive services on the 24 July. I’ll let you know how we fare….

Can’t remember who it’s with at the mo. Haven’t got my diary.

Look forwarding to hearing what you think!

Cheers, Marco

My understanding is the following:

if you are payg then you… pay as you go…
Otherwise you can defer it to the end of the year – but check with your CPA.

To put it in Kiyosaki terms – get on the right hand side of the quadrant asap.

Have a great day!

(Oh – I really enjoy reading your posts! Keep them coming!)

Marco

Yes there are Adelaide people here <grin>
I posted much the same question some time back and got stumped as well. It doesn’t surprise me that nobody answered. Probably the thing holding people back from answering your request is due to one of the following:

A) The size of Adelaide’s corporate sector. It’s small compared to the other…[Read more]

Marco here, just doing my daily surf through the forum. My wife and I live in Adelaide with our 9mo son.

Been researching and setting things up for a little over 18mo and thoroughly enjoying it. I work for a company that helps people with their personal finances, budgeting etc. Very rewarding when you see…[Read more]

I’m in Adelaide, happy to chat. E-mail me if you like – wenzel@mbox.com.au

regards

Marco

I use Leigh Lockwood. His mobile number is 0414-880-887. He understands the peculiarities of SA WRAPS.

Have a good one!

Marco