Hi Stuart,
I have read a few of your articles, and they were great!!

I even contacted you on two separate occasions to get some further clarification on them. Both times you contacted me back straight away, much appreciated. Thanks again.

So I feel compelled to come up with some ideas. How about,

– I personally would love to know how to…[Read more]

Hi all,
I have not really been on this forum for that long and I agree that many of the posts often end up in some sort of argument. On the positive side this forum has been a great source of information and I have made some great contacts.

One thing that I have noticed is that on Jan Sommers forum allot of the messages within a topic are quite…[Read more]

I am the trustee of the trust at this point, and I really think that keeping the money totally separate is the best thing to do. I want to keep it simple.

I dint see why I would need to be audited every year. But I would like to be able to welcome an audit if it did come.

Macquarie Bank have a cash management Trust account. There is a…[Read more]

Hi Connie,
Make sure you do your research on this unit that you are talking about. The term “nice unit” seems to have allot of emotion involved with it.

I have heard experienced investors say don’t buy on emotion, buy on the numbers. When I first read that I thought “yeah no worries easy” but then I soon realised how strong the emotion thing is.…[Read more]

Hi Rob,
Yes, my terminology is not correct. I did mean “Margin” call, not “option”. Thanks for picking that up. But the concept is still intact.

As far as I am aware I am correct with this and it is in fact possible. If the asset (house and land) that the financial institution has secured against drops in value beyond an acceptable ratio then…[Read more]

Hi Karl and Rita,
Concerning your deal, as mentioned if you follow what Steve teaches, I think that one would not take that deal as it stands.

I am finding that there are 2 sorts of CF+ deals those you find and those you create. If this property is in a good area, with good population and easily rentable, I think with a yield of 8.84 you may…[Read more]

Just on this comment by 1HotValuer.

eg. Value the property as if it has already been renovated/extended at the date of inspection, therefore your value will be higher automatically without any works commenced of which you can borrow money off

I am not following.
– I understand that I can get a valuer in to provide a figure on what the value…[Read more]

Ok I agree with that.
But lets just look at it from a general higher-level overall market view. If interest rates are moving up and affordability is peaking (generally speaking), and there are more sellers in the market than buyers then this would indicate the opening of a buyers market.

So to refine the question a little to what extent will a…[Read more]

Hi all,
Thanks heaps for the comments, I really appreciate and value the various comments.

I have been doing some more research on it. So far, I don’t have much to report but I have about 2 full pages of questions and subject areas to look into.

I have quickly realised that there is a considerable number of things to be careful of and to r…[Read more]

The way I have learnt so far is,
Read heaps of books, read everything on this forum and the others that are around, like reno kings, Jan Sommers etc. Ask tones of questions. Get a broker and communicate with them, they are a wealth of knowledge (i can recommend one if you want) or ask others on the forum.

Forums I think are the best there is a…[Read more]

Hi Kylie,
I agree with what Derek says but have some other points as well.

I think nerves are natural, letting them stop you from what you want/need to do is not natural. I found that the more I learnt about property investment the more my nerves dissipated until I had reduced my nerves/fears down to a natural level.

I suppose in some ways I…[Read more]

Hi depreciator,
Thanks for the response. I think that maybe I should have used the word ‘Technique’ rather than ‘trick’. There’s way too much to lose by doing things that are illegal.

You have raised some things to think about.

The property already has a tenant, but no lease currently exists. The tenant is paying well below the going rate for…[Read more]

Thanks for the reply.

hmmmm…I’m not sure about that.

If a condition of a contract is not met then I cant see how the contract can still be inforced. If it can be, then why have conditions. If the contract falls over because a condition is not met then it would be reasonable to expect the ability to re-negotiate. Like I said I am not sure though.

I know what your saying Sonja. I think its best to rely on what you do know for sure and that is your research. It does not matter what the asking price is, what the agent says, or any of the other stuff.

Because if you rely on your research and do the deal based on what you know and the deal is right for your plan. Then it is irrelevant what…[Read more]

Hi all,
Thanks for the comments. I did intend to buy a place, but I did not intend to buy them all. Just the best one. What happened was that I put in an offer on one property and I put in a sunset clause in the offer. While I was waiting to hear back I found this other deal that looked good as well. But I did not put in an offer because I…[Read more]

Thanks for the interesting comments.

Hi WallFlower
On your question on point number 5. It so happened that I was interested in that property. So what I did was I did a full inspection on it and totally sused it out. Then i walked out with the agent and said I will offer you 190K and I put it in writing for him. I was by no means low balling…[Read more]

Hi JaRRN,
Not sure what MortgageHunter has got (probably the same). If you buy an Investment property and then at a later date want to buy a principal place of residence. Then you are still eligible for the FHOG.

Section 14 (4) of the Act provides that an applicant is eligible for the grant if the applicant or the applicant’s spouse has,…[Read more]

Thanks for your comments everyone.

Regards,
MarkyMark

snowkiwi,
What a great quote:
“100% of the shots I don’t make don’t go in – Wayne Gretzky”

Thanks all for the details.

Do you think that the course put you in a vastly better position to do improvements and reno’s than if you did not do it. Did you feel by the end of the course that you could confidently go and do a reno?

The information that…[Read more]

Hi Guys,
Thanks. The thing is this,
– I have found a good area that I like the economics of
– If I look hard I can find deals that are CV+ only when geared at 80% LVR (which is where I want my portfolio to sit if possible anyway). So as you can imagine they are not winning any awards with regards to Cash on Cash return (i.e. The opportunity cost…[Read more]