I'd also suggest that you talk to a mortgage broker who can give you more specific advice about your situation, and give you loans that can suit you

I'd also suggest to have your first purchase as an owner occupied home – make it your PPOR for a few months or years, and take advantage of the first home owners incentives. Then go from there to buy more investment properties.This is what I'm doing for my own strategy. In terms of location, I was originally planning to buy a first home in the…[Read more]

yeah. if you buy a totally new and off the plan unit, then there's no historical data about the place to help with your investment. Although if it's off the plan and nearby other similar units in the neighbourhood, then that might help give you a better understanding of the potential returns and investability

by the way – from your experiences, how much savings for a deposit and other expenses do you think purpleairplane and other newbies should have before they can get into investing Steve's style?

Very interesting story goldies – thanks for sharing. It inspired me too. I think one of the biggest hurdles is to actually start!Hmm. thinking of getting and re-reading Steve's books

heres some recent Gladstone property data and trends. It might help you figure it out:http://www.rs.realestate.com.au/cgi-bin/rsearch?a=sp&s=nsw&u=gladstone

yeah educate yourself first. Be confident when you invest (even in your first IP) so that you don't get ripped off and taken advantage of.I had a look at the book list in the post above. It's a very comprehensive list. You probably don't need to read all of them. Check out reviews on amazon to getan idea of which ones are suited for you.

perhaps when you mean "not buying in your own name", you mean buying property using a company name instead??

Even though I know it takes time and some money to DIY, I would suggest to DIY. It lowers your risk of getting conned, and helps you figure out how to do it, which can be very important if you're serious about buying in the US regularly and for the long term.

Hey Emma,I had a look at your blog. Very simple site and easy to read for those interested in real estate.Keep up the good work, ,I know from my own experience that it takes alot of commitment and time to manage blogs for the long haul

Yeah I reckon that the management charges for self serviced apartments and hotels will be what can eat away at your earnings. Make sure to consider their impact on your calculations

woah. thanks for sharing.that puts it into more detailed perspective about capital loss recently.I agree that it's a good time to buy

Hey all,homersyd – thank for sharing the article story, as well as asking those questions, which I also had.Homersyd has said:"3. Just to confirm the idea of buy X properties in Y years, is it simply the following and just repeated over and over again? a. Buy 1st home b. If 1st home value increased, refinance with bank, take out part of that $$$…[Read more]

I'd align both the tax years, in my opinion. That'd make more sense and easier to organise your finances.Although, whenever I come across hairy questions involving international tax issues, consulting your accountant is best.

Hey great read!For those of you wanting to read it, do cehck out the New link (as mentioned above) – as the old one doesn't work.Your details about the retail market in Sydney were interesting as I'm from there. And yes, the Westfields there did come in with a bang this year and is pioneering the commercial property market in the city

jayhinrichs wrote:
Speedy The selling of junk US properties is a global activity. And just as many US companies that run the gambit of poor to out right felonias activity as described in this thread Bottom line you get what you pay for……Just seems like sales agencies are really preying on those that want to believe in the 20k house…[Read more]

I agree that creating price controls on rents is not the way to go. Gov't intervention in the market via price controls could stuff things up even more. I prefer policies that would increase supply.

For me, I prefer +VE CF properties, as I like making money from my investments.But yes, like Luke said, sometimes we need to understand the full contexxt of things, and understand your overall outcome with the IPs.

Hi,Goal setting is one of the major keys to success.You mentioned that you often chop and change goals. That may not necessarily be a bad thing. You should remember that there is a difference between GOALS and OUTCOMES.Outcomes remain rigid and are what you ultimately want (a result).Goals are ways to get there, and they can be changed. Sometimes…[Read more]

I think a thesis on the affordability of housing for young people would be a very interesting topic. Many first home buyers are concerned about buying a home nowadays and its getting harder and harder. This would be of interest to you as a young person too.