I can’t say that this website is “cool” at all. All this guy seems to do is put down successful investors and businesspeople in order to push his own material.

I find it very unethical that he can say “Rich Dad….is a pack of lies. My initial reaction to hearing about Dolf De Roos was that anyone who would associate themselves with a liar should…[Read more]

Hi all,

In my opinion I would not purchase a property with out both Pest, electrical and building inspections . I would prefer them seperate as the inspectors specialise in their different areas.
RE: 2 br brick/tile unit built in the last 20 years?

I have personally seen white ants go straight up a brick wall to get to wood. In the hidden…[Read more]

HI all,

In my opinion it is worth getting the quantity surveying done.
I am about to get another property done and due to the distance away from the Q-surveyor I will send extensive digital photos and plans of the house, contract, council approved extensions etc for them to view and make the depreciation schedule from etc. It will cost me…[Read more]

Hey there Peterp.

Usually it is done by the same person cause they are examining the framework of the house and they can spot evidence of termites and other insects. If you need references often your solicitor will be able to provide you with some reputable inspectors. I wouldn’t rely on references from real estate agents as the people they’d…[Read more]

Hi
I have recently attended the 3hr seminar in Adelaide that the Hanna brothers were doing and I have just posted a message to see if anyone has attended their $4000+ seminar in Sydney (I think).
as I would like to know how beneficial it was.

To find their site go to http://www.morganpacific.com
as that is the business that they trade under.
They claim…[Read more]

quote:
Hi APIM

If you’re looking for people to beta test your spreadsheet, I’d be happy to participate.

Warm regards and great investing..

Ditto…

Count me in if you’re looking for more beta testers…

You can mail me on grimey@grimey.net

Cheers,

Graeme (Spelt the right way [])

Hi Peter.

Banks look at the area that a property is in, that is whether it is in a rural area or not. I think their way of thinking is that any down turn in the property market is going to affect the rural areas first because of their lack of population growth. I don’t see this as a deterrant, because if you are after poritive cash flow the real…[Read more]

Hi Katerich.

I have been thinking about buying a block of land and developing it with units or villas. Do you mind if i ask what state you have built in and what company you went through?

Thanks

On the first property the bank charged me mortgage insurance. From then on, it never charged me mortgage insurance because i had the first property. Thats with the ANZ bank, other financial institutions might be different. I also never got charged a loan approval fee after the first property, the ANZ is very good in that regard.

Hi there Kirby319.
I have bought two investment properties and both times the ANZ bank has lent me 95%. I have only ever put down a maximum of 5%, which was only $3750.

Hello BorisS, hope this helps.

Expenditure to remedy wear or damage in existence at the date of acquisition (initial repairs)

(see explanations at paragraphs 68 to 78 and examples at paragraphs 115 to 119 of this Ruling)

27. Expenditure incurred on initial repairs of newly or recently acquired premises, plant, etc, where the expenditure is…[Read more]

Microsoft Excel!![]

Hello again Hwd007. You’ll find that as soon as you settle you’ll accrue interest on the balance daily, it is at the end of the month however when they add it to your balance. Hope that makes sense.

Hello hwd007.

From 1996 census to 2001 Census, Hobart has had 1.38% growth rate, virtually nil, in some areas it has been negative. The attraction to Tasmania is that it is basically a wellfare state with two classes of people, those rich and those poor. This combination seems to make it a great place to achieve great rental returns as the…[Read more]

Hello all.

Joanne, I don’t have a specific contact for Launceston or Burnie, but i have spoken to many agents down there. Sorry i can’t recommend anyone.

Del i sent you an email, i hope you got it.

BYE

Hey Wilandel, how are you doing?

I just got back a few days ago from Tasmania as i have recently bought a brand new villa in a suburb outside Hobart. Good suburbs down there are: Glenorchy, Claremont, Montrose, Goodwood, Moonah and Newtown. The last two are quite pricey as they are ‘trendier’ suburbs.

I have a couple of real estate contacts down…[Read more]

Boy what a story makes mine sound pretty insignificant indeed , but here it goes ( I think I have mellowed to the circumstances now as it was 3 years ago)
Back ground I had just purchased my first investment house and the house was a structurally sound but needed modernizing. I renovated the house to a very nice living standard. New carpets, new…[Read more]

Hi Grizzly

My unit in Brisbane 6km from cbd has just gone up in value $48,000 ( official valuation) in the last 8 – 10 months. It has grown $55,60,000 since 2000. It had hardly moved for the last 2 years and then jumped. The valuer told me that had I bought a house I would have been laughing. HOWEVER this property is NOT cash flow positive. I…[Read more]

Hi there Wilandel.

I am of the opinion that an interest only loan is viable if you are looking to sell the property in the near future to get a capital gain. For instance i would get interest only if i were going to buy a property and do it up and sell it for a capital gain.

If my objective was for positive cash flow i would take out a principal…[Read more]

Hi Rachel,

That is fantastic to hear that you have gone so far in such a short period of time. Congatulations and keep up the great work.

Cheers,

Matt []