hi.I've tried a number of software, including MYOB.Although after tryinga number of them, I still prefer and currently use MS Excel. I have more control of how i want it customized. Some other software is too rigid and hard to customise

Liverpool is an OK place, but yes, it is generally a place with lower socio economic population. There may be good tenants, but be careful.

I agree that it's probably a trick to add you to the competition, so that it bumps up the price especially for others out there who are interested.I don't think they have your interest in mind at all.Tell us all how it goes for you

If I were to invest in Bathrust, I'd prefer to invest near the unis.I like the sound of lowered vacancy rates, and ongoing demand for it

Yep, I also reckon that brisbane and other parts of QLD are undervalued.In regards to the Cth Games, yes I do think that some marketing groups will try and exploit the hype for the GC.

ohh yeah the potentiality of "kids" are a consideration as well for you. Don't forget that, as it may have implications now on whether you get the PPOR or IP

For foreclosures, I typically ensure that I can do some due diligence on the property and visit it myself. I want to check that I really am getting a bargain and understand any potential costs that I may have to fork out.If I can't check out the place myself, I ensure that I have someone twho I can trust on the ground to check it out.

Yeah, I find seminars to be a waste of time. I don't like having to physically travel soemwhere and then be stuck if I find the seminar boring, or an annoying sales pitch.I prefer reading books or watching DVDs. If I find that the author/speaker is wasting my time, I can easily swtich it off, and it was all done at home.

Regarding exit strategies, it may be easier for you to sell to first home buyers in USA for a profit, as I've recently read of Obama's proposals of initiatives to help them out.

While these US cities are poised for greatness, I've just read in recent news that US new-home sales overall were the worst last year."The industry slump has kept builders from building, so that the stock of new houses on the market has also fallen to just 157,000 units"I guess it shows that you should do research on specific US cities, as not…[Read more]

Hey Liz,I'd also prefer to buy the PPOR, rather than rent.Then, like mentioned above, use the PPOR as the stepping stone for an IP. This is what I'm actually doing at the moment.

it seems that many of the previous posters really dislike the LOE apprach.I wonder though if anyone in this forum, or anyone you know, actually lives via the LOE approach successfully?It may be an exceptional case, but it would be interesting to hear of it to see whether it actually is possible.

Jamie M wrote:
Nathan Birch is your man  – https://www.propertyinvesting.com/forums/property-investing/general-property/4343429CheersJamie

I alos suggest checking out one of Nathan Birch's youtube vids which I recently watched. In it, you see the before and after pics of a burnt house that he totally transforms. I was totally amazed watching…[Read more]

hey oceans,welcome to the forum!I'm also thinking of going west sydney for cheaper properties too.i'm also keen on +ve cash flow properties, and this may help you too for increasing your income

NHG wrote:
Hey,Have you read the book "The 4-Hour Workweek" by Timothy Ferriss?http://www.fourhourworkweek.com/Gives some interesting insight on what you can do once you have achieved sufficient cashflow.The concept of mini-retirements as opposed to what I thought before of getting to the end and THEN concentrating all my effort on what I really…[Read more]

Weh it comes to TDs, i like to use a laddered approach. This means that rather than putting all my money in one TD as a big lump sum, I break down the amounts, and create  TD every month or so. So that TDs finish up their term in laddered periods of time – which means that I will be able to access some of that money at various times if needed

For me, I also use website search engines and look for properties that fit my criteria. I think that it's a quick and convenient way for me to get an idea of a range of undervalued properties

I also agree that they won't have any effect. Seems to be alot of media hype about it, but when and if they do come, I think they're going to still have a hard time competing with the Aussie banks

regarding the expenses, I would think that you can claim it if you conduct investment properties as a business (well that's how I can claim it in my experience). I'm self employed so it's easier for me to claim it as such. I'm unsure for people who hold a regular 9-5 job whether they'd be able to.Talking to an accountant is a good idea for knowing…[Read more]

2012 has started, and we're already in Feb! To be honest, the last couple of days I was feeling a little lost with my own goals – fuzzy and not really reflecting what I want as the overall outcome.The missus and I talked about our goals today actually, and I'm feeling alot better.We even managed our time today with a schedule etc so that we can…[Read more]