Hi Leigh,

I have heard of this mentioned a number of times in books by John Burley, Robert Kiyosaki and Dolf DeRoos and it is done quite regularly.

I am not sure how the bank would see it, I guess it may depend on what relationship you have with them and what their lending criteria is, i.e. how you came up with the deposit.

My personal opinion…[Read more]

Hi all. It must be a good area because Steve Mc Knight has some properties there. After reading that he had property there i checked out the prices in the area and it is definetly cheap in comparison to surrounding suburbs. I have been meaning to look up growth rates in the area but haven’t had a chance.

Cheers

Hi 1….1

I am interested in Cairns area. ( also Darwin, Townsville, Alice Springs)
I haven’t done much research yet but am interested to share any of the information that I find out so if you would like to keep in touch with me on this feel free to email madrol@bigpond.net.au

They say tourism is starting to boom in Cairs and especially good…[Read more]

Hey all,

Thanx for the help!!

So what do i say when i go to a law firm or an accounting office? Is it best to describe my situation first? Is it best to set up trusts or companies first or wait until i am generating some positive casflow from my assets?

Thanx again, u all have been so helpful and kind!!

8>)

“Everyone wants to go to heaven…[Read more]

Hey there 6*1,

As i said it is a waiting game!! In the long-run (over 10 years) u might be right that house prices will go up or even double. But to me that is being too reactive!! If u r reactive then u r never in control. In ten years i could get my money back almost ten times, and therefore, have 10 houses with the prospect of capital…[Read more]

[]
Hi Everyone,
I just have to add my 2 cents here!

YOU are YOUR own CONSTRAINT!!![]

Cheers Isagold

Hi Ireland.

I think ‘the property trader’ sumed it up best, you are way too much all ‘doom and gloom’!!! I think you pose a very valid point in that interest rates won’t stay the same for ever, after all Steve points out that the long term average interest rate is 10.31%. I don’t know if this figure accounts for the period of high inflatation…[Read more]

Well I really dont think you got out at the top Ireland but time will tell. With interest rates it is quite a complex arena. What is worth looking at in more depth is housing affordability indexes. Housing was more affordable with higher interest rates in the late 80’s where as now affordability is lower along with lower interest rates. If you…[Read more]

Tails,

1. Steve is recognised as one of Australias leading positve cashflow property investors, are you?
2. Just because someone has only been investing for 4 years, does this mean they do not have more knowledge or be more successful than someone who has been investing for 20 years?
3. Steve has put this site and forum together to HELP others to…[Read more]

Steve the other day you said this.

P.S. For what it’s worth, my empire is built on the basis of buying positive cashflow property to the extent of building sufficient passive income to achieve financial freedom. I’ve bought cheap properties, which is all I could afford at the beginning, and I’m yet to ever lose money. I can testify that this is…[Read more]

Unbelievable!! Finally some heated debate. I have read most every forum for the last few weeks or so and I must say that I have been very interested all the investment theories on this site. I am not a wrap advocate. It does not suit me but Tails and others that have spoken up (and been shot down I must say!) do have some VERY valid points.

I…[Read more]

Hi Felicity,

Sounds like an intersting concept, i.e. we all like to buy with as little or none of our own money. Your example raises a few points in my own mind.

1. At 80% LVR, regardless of a deposit or not, your borrowing capacity will be affected so there will still be a limit to the number of properties that can be bought?

2. Asking price…[Read more]

Interesting post ireland. Care to share your investment strategy and portfolio with us since you’ve felt the need to condemn ours?

You both seem to be missing the point that others have tried to point out. The strategies that we are using suit our own individual situations. If you don’t like them, that’s fine, no one’s forcing you to do them but…[Read more]

Hi all,
Well once again no one has been able to give a specific scenario on positive cash flow propities. If someone could reply to the following questions it would be great.
1/How would a 2% increase in interest rates efect a property.
2/ A tenent can not be found for a property for say 3 months.
3/ The banks want more security when times get…[Read more]

Hey there steve,

Sounds great!!
Wot is the name of this new product?
Is there going to be a preview of it anywhere on the site at all?

In the meantime, is there any references out there currently that u would suggest i have a look at? Even just the basics?

Thanx again and i will be waiting for the arrival of the new product launch!!

quote: “Do…

[Read more]

Hey there steve,

Sounds great!!
Wot is the name of this new product?
Is there going to be a preview of it anywhere on the site at all?

In the meantime, is there any references out there currently that u would suggest i have a look at? Even just the basics?

Thanx again and i will be waiting for the arrival of the new product launch!!

quote: “Do…

[Read more]

Hey there,

Ever consider sheltering your income by means of companies or trusts? I am looking into this currently!!

-ve geared property is a waiting game that relies a lot on opinions and speculation, with little or no facts!! U have more control over your assets when managing +ve geared property!!

At the end of the day, no matter wot strategy…[Read more]

Isn’t the unknown what causes Fear? [?]I am relatively new to this game, however have done tons and tons of research, yet there is still tons and tons to be done. In my opinion property is the safer option to invest in during any times of uncertainty. For me the current uncertainty of war is the best arena to be starting in because it may turn…[Read more]

Steve thanks for your post, I beleive that most people on this forum are people with 9 to 5 jobs who have been romanced into the property boom of the last 2 years. Interest rates at all time lows banks pleading for us to use their money and the government stimulating a false economy. What happens in 6 months time when we are still at war, bussines…[Read more]

Hi Ziz, I really dont know where to start? I have looked at a lot of postings on this site and nothing has made me want to go out and get involved in a cash positive property. This 11 second rule seems to be a hot topic! lets do the sums on say a 250k unit 20 minutes from a capital city. $500/2*1000= 250,000. So to purchase a $250000 Perth outer…[Read more]