Hi folks

Can some kind forumite please teach me how to use the “colour” button to put that sexy red ink into my replies in a “Question and Answer” format??

I tried to put my last couple of responses to Michael Whyte (above) into the main body of his posts (his questions in blue ink, my answers in red ink) and it all went “belly up” on me.…[Read more]

Originally posted by aussierogue:michael – my grandmother once told me that if i vascilate too much i will go blind – so if that aint incentive im not sure what is….good luck..

Didn’t your grandmother mean that if you keep masticating, you’ll go blind?

Ahh, the sublime pleasures some of us get from big words. Anal retentive indeed!!

Some of…[Read more]

Originally posted by Greg F:

Quote:
Originally posted by MichaelWhyte:And, if I use targeted analysis at the micro level I might still spot an opportunity for an informed investment even in this nationally depressed market? That’s an interesting concept, and I must admit, I thought all of Australia would be subjected to the dynamics of…[Read more]

Originally posted by MichaelWhyte:Greg, Funny you should mention bootcamp…. However, it is quite expensive and not something I would do until I was already a REI….

A friend of mine spent approximately $25,000 going to Burley’s Bootcamp in USA a few years back. He says it was money very well spent, and who am I to question him on that one.…[Read more]

Originally posted by Marisa:
I would think you would get more for 3 bedroom than 2 large bedroom.

Ditto. NEVER swap a 3br for a 2 br.

Cheers
Greg

Originally posted by Nobleone:Hi Greg … I might have made a good start into IP’s but I still need people like yourself to give me reasons to think laterally and out of the box…. Would you like to share where you discovered this info and what the strategies are?[whistle] :”One key secret I’ve picked up is that certain strategies are virtually…[Read more]

Originally posted by Terryw:
you can do a title search for $8 at http://www.lands.nsw.gov.au/OnlineServices/DIYSearch/default.htm Terryw

Hi Terry

Great NSW site!![biggrin][cap] Do you (or anyone else) have a similar site for Qld IP’s?

Awaiting your replies with bated breath.

Cheers
Greg

Originally posted by Nobleone: …Then I spent 8 months reading every book I could get my hands on, reading the archives on this forum, also Somersoft and Property Talk NZ and I also joined a mentoring group called Modern Millionaire (Brisbane based). My goal is to retire from my day job by replacing my salary with income from IP’s within 5-years.…[Read more]

Originally posted by Nobleone: HI Greg, I am fairly new to owning IP’s, 5 months all up, so far I have 3 +CF in North Island NZ lowest return I have is 12.3% gross.
I bought all three in different locations on 20% deposits. I wanted +CF so I could show the banks servicability. That’s the plan for my next move anyway… What’s your opinion?…[Read more]

Originally posted by clintdb:
I’m not an expert, but I believe that Australian Self Managed Super Funds (SMSF’s) cannot “borrow” for the purposes of investing…. could someone confirm the above for me. That is my understanding of the rules (my father has his own SMSF). Are there any tricks around the “no borrowing” rule? Regards, Clint

Hi…[Read more]

Originally posted by Nobleone:Hi All, Thanks for your feedback… Now I’m happy that I’m looking at things correctly. Cheers, Nobleone [biggrin]

Nobleone

Don’t put this discussion to bed just yet. To me, the pivotal point is a spread of +ve cashflow (to help you survive and pass the bank’s servicibility test or DSR: Debt Servicing Ratio) with…[Read more]

Originally posted by MichaelWhyte:My concern is that the market is softening and according to some analysts will stay soft until 2007/8 when it will start a gradual recovery. I work in the building industry so have access to a lot of market information on housing starts etc. Michael (REI NooB) PPS I have done my homework prior to posting, reading…[Read more]

Originally posted by WallFlower:Hasn’t this topic been covered before!!![comp]

Hi Wallflower

If this topic’s been covered before, do you have a link? If so, and you can provide it, I’d love to read lots of people’s comments.

Myself, I’m with Cameron. My wife and I did the slow -ve gear way for 16 /17 years [axe][axe][axe] then got into more…[Read more]

Originally posted by southboy:I live in gippsland, Vic so if anyone already knows of a good ACC and solicitor for IP in Gippy or Melbourne please let me know!

Hi Southboy

Did anyone PM you, or have you been left high and dry without any advice????

If you want to PM me, I’m happy to make a private recommendation of a wrap / +CF savvy / “land -…[Read more]

Originally posted by FW:
I think landlord’s insurance is probably essential when you’re starting out…. So yes, I do think your perspective changes with the size of your portfolio. However one thing is a must – I ALWAYS have building insurance, with an extremely good public liability cover.Felicity

Hi Felicity and Derek

BRILLIANTLY summed up,…[Read more]

Originally posted by Cousinwooly:Is it posible that what steve states in his book is grossly out of date allready

Hi Cousinwooly

One of the main lessons I’ve learnt in my journey to date is the wisdom in Steve’s byline: “Success comes from doing things differently.” REALLY chew on that one.

OF COURSE the market moves, twists, flexes and turns.…[Read more]

Originally posted by Prodigee:Just go and ask Eddie Maguire for some assistance.

I’m with you, Prodigee. After raising a family on a teacher’s wage, $1 Million/year is my cuppa tea [cap]

Cheers
Greg

Hi

Peter Spann lists 3 of Somers books in “$10 Million Property in 10 Years” (p264). He gives 1 star to her two most recent ones, but 2 stars (his top mark) for her first: “Building Wealth Through Investment Property” (1992). It’s a really good starting point, but I worked through all three to get more depth.

Cheers
Greg

Originally posted by zen:
Cases where property prices fall by as much as 60% has hapenned in few places like HongKong and Singapore(30-40%). They were over inflated to start with and had very bad economic condition for many years. I think if the economy remain bouyant and interest rate remain stable we might not even see a further drop than…[Read more]

Originally posted by Greg F:
What do others think? I’d love to hear from many of the long term, highly experienced landlords on this forum. Greg

Hi Guys ‘n Gals

May I repeat my earlier request for investors with REALLY LARGE RENTAL portfolios [toff](much bigger than our relatively modest portfolio) to give us your experiences, advice etc re…[Read more]