[MiccaladyParticipant@miccaladyJoin Date: 2009Post Count: 23]

November 27, 2013 - 9:44 am

Catalyst I’m looking at the inner west. I currently do have a project going with a good team but as I said earlier they’re not prepared to travel that far. Quitting my job wasn’t an overnight decision It was part of my plan to pursue my dream & make it a reality of course I did my research
I have done a few courses too and I’m quietly confident. I just wondered how others went about building teams in different locations.

[MiccaladyParticipant@miccaladyJoin Date: 2009Post Count: 23]

October 10, 2013 - 6:50 am

Hi there….
Can this be used for property in NSW?

[MiccaladyParticipant@miccaladyJoin Date: 2009Post Count: 23]

August 6, 2010 - 12:09 pm

I can’t believe that people paid only $890 or &1000 for this course!!! I paid 6K after seeing her at the three day property investing seminar in Melbourne in May this year. Anyway I went to the bootcamp and it was great….but sounds like I could have saved some $$$$$$$

[MiccaladyParticipant@miccaladyJoin Date: 2009Post Count: 23]

August 6, 2010 - 10:57 am

Hi, I purchased a property in April, renovations were completed around the end of June and I still have no tenant. I too have asked Michael and Bronwyn on several occasions about the success of their rentals and I am assured that the properties are being tenanted. To this, all I can say is that I have been waiting for a tenant for almost 2 months now. Having said that, a colleague of mine purchased one week after me and he has had a tenant in place now for a couple of weeks. The rental that he was told he would achieve was more than he is actually achieving but it didn’t take long for his property to rent at all. I guess there is an element of luck in having your property tenanted but I am constantly staying on their backs and I would also like to hear from anyone who has purchased from them and how their tenancy is going. Cheers.

[MiccaladyParticipant@miccaladyJoin Date: 2009Post Count: 23]

February 8, 2010 - 9:37 am

Thank you to you all for your responses……this is very helpful.    My maths is very basic also but even I can do this. :}

[MiccaladyParticipant@miccaladyJoin Date: 2009Post Count: 23]

January 3, 2010 - 8:26 am

This is not a bad idea at all.  At least you get into the property market.  I attended a seminar 18 months ago where some couples had 4 investment properties and rented.  They felt that ownership tied up too much of their money with no tax benefits.  To be honest, we own our own home and I have suggested to my husband many times to sell, use the money to put deposits on 10 other investments and rent but he is skeptical and feels that the house is our saftey net.  It is a matter of opinion however I believe that if you can buy something it is better than nothing.

[MiccaladyParticipant@miccaladyJoin Date: 2009Post Count: 23]

January 1, 2010 - 8:02 pm

Nigel Kibel wrote:

You cannot inspect the properties and you have to pay cash. I will be buying forclosed properties and offering them renovated to investors at under market value.

That's great to hear Nigel.  What do you anticipate your costs to purchasers to be?

[MiccaladyParticipant@miccaladyJoin Date: 2009Post Count: 23]

January 1, 2010 - 7:48 pm

Can someone explain to me what capitalised interest is……..please

[MiccaladyParticipant@miccaladyJoin Date: 2009Post Count: 23]

December 10, 2009 - 12:19 am

Hey thanks tess85,

My mobile number is ########## if you don't mind sending through his details – that would be great.  Much appreciated.

:}

[MiccaladyParticipant@miccaladyJoin Date: 2009Post Count: 23]

December 9, 2009 - 9:56 pm

Thanks Terry,

I will certainly look them up.  I have a very friendly relationship with my accountant also.  I have finally decided that business is business and I need to have the best possible people to help me secure my future.  I know it is hard to break away – I have been saying it for some time now but this is definitely it!!
<br /:)” title=”>:)” class=”bbcode_smiley” />

[MiccaladyParticipant@miccaladyJoin Date: 2009Post Count: 23]

December 9, 2009 - 4:17 am

Thanks, I found that usefu    l

[MiccaladyParticipant@miccaladyJoin Date: 2009Post Count: 23]

December 8, 2009 - 11:56 am

Nigel,

How long do you think before you will have this service up and running?   It sounds good and it's great that you are willing to help others given you would have a great local knowledge and are aware of the laws over there. There is so much support on this forum.  It's great and I feel like I have learned so much – thanks to all.
<br /:)” title=”>:)” class=”bbcode_smiley” />

[MiccaladyParticipant@miccaladyJoin Date: 2009Post Count: 23]

December 6, 2009 - 8:33 am

Hi Michael,

I have recently been communicating with the staff from http://www.usproperties.com.au .  They have offered me a property for $98,500 and the return will be approximately 13% nett the first year (outgoings paid by company for first year).  They do all the leg work and basically all you have to do is say yes, sign and the deal is done.  It makes it all very easy but I am sure there is a significant mark up on the property plus the fees the company is charging.  I thnk there are better opportunities than this – do you agree?

  I just find all the information about forms, tax rates, and getting the documentation in order, very overwhelming.

Is it possible for a real estate agent to organise the sale?  I am definitely interested in going to the US in February with a friend of mine who is also very keen.  Do you think 98,500K is too much…the property is in Vegas.

Cheers, Lana

[MiccaladyParticipant@miccaladyJoin Date: 2009Post Count: 23]

December 4, 2009 - 8:42 pm

Hi all,

I am also a member of TIC and am currently purchasing through them at the moment.  I will be completely honest here.  I have been to a number of their free meetings which are held in every suburb regularly. Everyone has access to them and all you have to do is show up.  The support members are exactly that.  I don't know how many times I have emailed or called my support member and they are always there to help.  My support member is retired and working harder and longer than ever before to ensure the members are receiving all the information.  Basically, they do all the leg work for you.  When you go onto the website to check out their property list, all the relevant information is there at the click of a mouse.  In my current situation, this particular property has been a difficult purchase as it's a new development that has had it's fair share of problems.  Having said that, I am purchasing the property at almost 40% less than one that was sold by an agent which is identical to mine.  This is because the researchers of the club, the support members and the rest of the team have managed to fight for their members and get them a great deal.  This is not the norm but they are definitely there to help.  And I firmly believe that if they are making money along the way, while they are helping you make money – good for them.   Would you want to work 40 -50 hours a week for free?  The properties offered are generally new, lower yields and start off using "negative gearing", having said that they do source out the hotspot areas with good capital growth.  The only thing I don't really like is their property list.  I feel there are too many townhouse, apartment and strata type properties and not enough houses.  These people give their time and you won't pay a cent to attend their local meetings – so why not be open minded, attend a meeting and judge for yourselves.

[MiccaladyParticipant@miccaladyJoin Date: 2009Post Count: 23]

October 28, 2009 - 12:36 pm

Thank you so much.  I feel fortunate that you are a local and I appreciate your comments.  The development I am talking about is in Middlemount.  The developer is Shearer property.  I just felt that this ticked all the boxes in that it is new, not very expensive, and suggests a good return.  Having said this, I live in Sydney, know only what I have read about mining towns and although I have researched the area – I don't know Mackay at all.  I have not committed to anything yet. I am a little confused about what you say "the most a worker has to pay is $60.00".  Is this all that is paid or does the company they work for pay the rest?  Pardon my ignorance but most of the properties I have seen have very good returns.  Your honesty is truly appreciated and your comments definitely help.

Thanks again.

[MiccaladyParticipant@miccaladyJoin Date: 2009Post Count: 23]

October 28, 2009 - 12:17 pm

rekooh01 wrote:

I live in Mackay and work in Moranbah ( I don't know if this is the one you refering to)the rentals in this particular town have been overinflated for years due to the boom, and are still over the top. But the one thing that could influence them is the impact of the new proposed mine ( name eludes me) which will require relocation of the airport etc as it that close to town, plus the fact that BMA has extended their subsidised housing scheme to the entire workforce which could give them some influence over the amount of rent that they are willing to pay. ( at the moment the most a worker has to pay is $60.00).
I've also lived in the Kimberely and NT and can honestly say that I would only invest in a mining town if I was comfortable financially and could handle the lose from an investment which could possibly turn to dust overnight.

Hope this helps