Hi there, strangely enough we went to a home open sale and I immediately thought the property was overpriced by about $40,000 -$50,000. I asked the real estate agent our she came up with the figure (sale price).

She embarrasingly informed me that she felt it was definately overpriced but as the owners had received a valuation from the bank at…[Read more]

Hi there, I guess he is focussed on the tax component, nothing wrong with that.

But have you worked out whether he can provide the service you require, that is the point.

Everyone has their own thoughts and strategies at the end of the day I do wants suits your situation.

Cheers

Hi there,
I think I know this area and the Mining Co. you refer to.

I would be concerned about the stats in relation to population, you might want to start with population of at least 10,000+.
Also what happens after 10 years when mine closes etc, you may be stuck with a lemon that you can not sell.

Just a suggestion you may want to look closer…[Read more]

Hello all, thanks for useful information.

Kay Henry – just wandering Why Geraldton, I thought this was a DEAD area, have I got this wrong??

Hi There, have to agree. We paid what seemed alot of money 11 years ago to move to inner city suburb in Perth, now all coastal properties are outperforming.

Also, developers are absolutely going crazy here with the canal lifestyle.
Canal land development is booming and each month prices just keep going up.

There are some great buys, but these…[Read more]

Hi there, I am looking at similar, decided to take a tip and currently reading “How investing in commerical property really works”by Martin Roth and Chris Lang.

This is a great guide. Still need to do all the homework, but at least it helps with the pitfalls etc.
Cheers

Hi everyone,
sharing really does not cost anything, infact it can make you feel alot richer.

cheers

Hi there,
we started a business 5 years ago and in the first year one of our clients went into receivership and therefore we made a loss. We approached various banks to obtain a loan and we were rejected.
Finally after exhausing all avenues we managed to get a line of credit using our house as equity (low doc loan) we then invested money in the…[Read more]

Your dreamin’guys,
You can live anywhere in Perth and have beach views forever…… really, there’s no competition……..

Sorry guys and gals you got it wrooooooong Perth is the place to be. Beautiful beaches, you can live just about anywhere cheaply and have views forever…

thanks all you cluey people out there.

I will have to look at trusts in future when purchasing my next property.

Cheers.

Hi All, can someone help…. we purchased properties in both names. From what I read Trust seems to be a better option, so can we now transfer these properties into some type of trust?

Cheers

Hi there, I read this book, not sure whether it was one of his first books, it was absolutely fantastic.

I believe Dolf DeRoo’s is Rich Dad’s property advisor.He gives an insight on how he became a multi-millionaire and the strategies he used.

He also lived in NZ for some time and touched on this subject.He graduated from University an Engineer…[Read more]

Hi there, it would be wise to pay for an inspection, yes it will cost.

You will need to establish why there is a crack there in the first instance, unless the problem is rectified there could be further damage down the track which could cost alot more than $700.

If in doubt and do not want to spend for an inspection dont buy.

Hi there, I am always looking…..

I have a few good quality neg geared properties in good locations. One property has now been rezoned triplex, so we may look at developing.

I am also looking at commerical properties and NZ but not in a rush.

Hi there, check old postings. I believe Westan is the man to help you. He lives and owns many properties in NZ and may be able to assist you.

Cheers

Hi there,
I would also like to add that I recommend John Burley his book is excellent, I picked it up at the library some time ago.He opens your eyes to the various options/strategies available.

Craig Turnbull I purchased this book quite some time ago, and all I can remember was it was quite ordinary and a waste of money. I learnt zip from this…[Read more]

Hi There,
if you are interested in neg geared prop with high capital growth and are looking at the Mandurah area. You might like to research the south coastal town of Golden Bay (north of Mandurah) which is still I believe reasonably cheap and has a long way to go.

Hi there,
enjoyed hearing about your wife give it to ém.

I ride shot gun on my real estate agent, I just cant help it, I keep tabs on him … but it seems to work when they know that you are on the ball they seem to try alot harder.
You will be thinking this defeats the purpose of an agent, but I am still to find the perfect agent…

hi Beerboy
I totally agree with Lisa77 comments.

We purchased all neg geared properties, one being Mandurah which you mentioned, the capital growth was 47% in (12 months) this was the best.
We are now looking at positively geared properties to assist with the cashflow.

I am really not totally convinced that the ALL pos geared properties with…[Read more]