What I would be doing is finding out what is in demand in this area? In other words what is achieving higher growth.
Can you share the area/suburb?

Also, look at houses in this area where you can possibly add value by renovating or if the land can be subdivided where down the road you can cut it up and on sell. This requires considerable homework…[Read more]

What I would be doing is finding out what is in demand in this area? In other words what is achieving higher growth.

Also, look at houses in this area where you can possibly add value by renovating or if the land can be subdivided where down the road you can cut it up and on sell. This requires considerable homework but the re agents in the area…[Read more]

Ethan
I think you can have 2 families in the property, however they must be on one lease if its not legally approved granny flat.
Also can be an issue with insurance.

I really don’t like this set up at all, its harder to rent these out, so what may appear as cash flow on paper becomes a negatively geared property.

I had a dual occ property in…[Read more]

Mickey
reading books, courses etc. may be helpful but at the end of the day its action that will make it happen.

I started property investing in 2001 and 4 yours ago started property developing and am now onto my 5th successful project, its all about learning and networking.

Its important to know how much you can borrow for starters. Its also…[Read more]

Hi DavidR

Its a tough gig at the moment because we have seen the Sydney market booming since 2013 and many investors have doubled their money, my guess is buying now is possibly too close to the peak, just my opinion, smart investors have already taken money off the table or accessed equity and moving into different markets.

1% rule wont cut it…[Read more]

Hi Bernie
I am from Perth playing in Atlanta market great cash flow, also developing in Melb in Croydon, coincidence:)

Sounds good Nigel
USA is very much about networking with the right people no different to Australia IMO. Many have the illusion that property investors always make money, not so I know many that have lost money in Australia.

My gut tells me the Australian property market is due for a correction. I have taken my profits off the table and US is…[Read more]

Sounds good Nigel
USA is very much about networking with the right people

My gut tells me the Australian property market is due for a correction. I have taken my profits off the table and US is providing another avenue to grow wealth

I will post some of my deals in the new year

MTR:)

RAMS Lo doc good product

Just an update from my original post –

We are back playing in Atlanta love this market, but our deals are a totally different beast from what we were doing in 2011/2012.
As we know property has soared in Atlanta and continued to grow and the yields no longer fit my criteria, have not for some time.

Where from here, a number of strategies we are…[Read more]

Hi TerryP

Amazing markets to play in and strategies we can not use in Australia due to population. There are many hot markets and it still comes down to who you know and who you network with. Still very easy to get burnt unless you understand the product, and the slippage.

Been investing in US since 2011/12 and have 9 properties large Single…[Read more]

Hi TerryP

Amazing markets to play in and strategies we can not use in Australia due to population. There are many hot markets and it still comes down to who you know and who you network with. Still very easy to get burnt unless you understand the product, and the slippage.

Been investing in US since 2011/12 and have 9 properties large Single…[Read more]

When we were buying in US/Atlanta we were buying what I would consider B grade properties in 2011/12, South Atlanta as this pocket provided the higher cash flow.

The criteria was to buy larger homes that generated over 20% gross yields.

I can tell you that on average each year after expenses these properties generate 10% net yields, confirmed…[Read more]

I wish you had a property with development potential, as you don’t voted no. 3

Timing is everything, making money in property is all about supply vs demand.

No one can predict the future, however historically Au$ has been around 70-72, the days when it hit 1.00-1.10 was certainly rare, due to a booming economy and mining.

I did not invest in Steve’s fund purely because I like control, this product does not give me control and that is the risk that investors take, you can not cash in at any given…[Read more]

Au$ is predicted to fall back to 65, it has been trending south for quite some time and has recently broken the 70 barrier.

I think anyone who has invested in US or the fund would have made some great gains purely on the currency play.

Hi Walter

There is certainly no rush.

I am also from Perth and invest in many markets. I am a developer and investor and understand this market well.

Perth’s market is currently trending down, this basically means there is an oversupply of properties, in particular apartments. The market sentiment I negative because our economy is not looking…[Read more]

I see you are a new investor, I would certainly not recommend investing overseas at this point in time.

Is Melbourne your own backyard?
There are strong fundamentals in Melb, highest immigration in Australia for one.
We have already seen considerable growth in many areas.
If you are looking at buy and hold house unless you go regional,…[Read more]