[michael76Member@michael76Join Date: 2006Post Count: 5]

April 9, 2006 - 8:33 am

brahms i have nothing to do with jarah.

mumofthree i dont have any siblings. The only reason i want to work with my dad is because of his recent health issues which will bring us closer and for the simple fact i know he could be making money , well more money off his properties.

Anyway a small update he has basically said if i can find something within 200k and isa +CF IP he will consider it, we are also seeing our accountant next week.

[michael76Member@michael76Join Date: 2006Post Count: 5]

April 1, 2006 - 1:03 pm

very informative tips and suggestions here, thank you to all, i agree for the most part about getting out there and researching as opposed to just looking on the net, what i have come to realise though visitng sites like domain.com.au and re.com.au and any other realestate website you can get a good idea of where are some interesting areas, then its simply a matter of finding more info on that area (via the net again) then ringing around and as Jarrah said do a little bit of creative thinking, talk yourself up hell the RE doesnt know you from a bar of soap so how is he/she to know you are full of it get listings of the areas you are interested in (i am doing that on monday) and go from there, plan a trip or even find out from people on the net if they know much about a particular area, the net has quite a few places to find out just about anything on anyone/thing/place.

[michael76Member@michael76Join Date: 2006Post Count: 5]

April 1, 2006 - 12:16 pm

Thanks for the replies everyone, i’ll definately pick up that other reading material.

Here is the thing with Dad, yes he has semi retired however he has always been the property hunter just never taken it upon himself to take a risk, i know he wants to. See i think his major concern is everything will go bust, here is why, back in 84/85 (i think) he built 5 new townhouses in the inner city of Sydney and was set to make a killing, easy 500k+ profit back then however just as they finished the recession hit and they had to sell everything and from memory i dont think they made anything, if they did it wasnt much, since then he has really been careful with everything hiding his money under his bed type mentality.

Anyway i have managed to convince him if i can find us a 100-200k investment which is +CP i will use my savings (25k) for the deposit and use his investment as equity (im unemployed atm but have saving from when i was working) long story short dad had some major health issues and i basically quit working to help him, he is about 90% better now but i too have liked the retired lifestyle which is why we want to get in to investing and if we find something good possibly developing (Dad is a builder by trade).

Enough of my life story