[Pro investorParticipant@pro-investorJoin Date: 2003Post Count: 108]

August 1, 2003 - 8:44 am

Hi Anna

The first thing I do when looking for a property is see if the 11 sec solution works if so then do the numbers and if the numbers work out to be postive cash flow and i like the property after inspection I’d make an offer surly you won’t go to wrong if the numbers work.
If they are having problems getting tennants find out why and do somthing different like offering the tennets a monthly reward like movie tickets.

Hope this helps

Thanks Rob

[Pro investorParticipant@pro-investorJoin Date: 2003Post Count: 108]

July 25, 2003 - 10:04 pm

hi

I’m also 22 and started learning about property investments 1 year ago 3 months ago I bought my first unit which was postive cashflow and have just bought my first house i’m going to wrap. I to buy at the bottom of the market mainly cause I”m a cabinetmaker and do a few repairs I to have been lookin for a mentor in my home town but no one here knows about wraps which I would like to get into.My plans are to be financial
independent my the time I turn 30
Thanks Rob

[Pro investorParticipant@pro-investorJoin Date: 2003Post Count: 108]

July 6, 2003 - 5:01 am

hi i just got back from rocky and the agents are saying that the southers are buying heaps of houses from 90’000 downwards as soon as there put up for sale there being sold they all talk about the buyers who come up and do a drive by and buy 10 at a time with out lookin in side them so the prices are riseing. not from the locals buying but the investor from down south.

[Pro investorParticipant@pro-investorJoin Date: 2003Post Count: 108]

June 22, 2003 - 7:21 am

hi steve

i live in mackay and look at all the real estate papers in mackay you are right that the 11 sec propertys are hard to find here most of the ads that are in the 11 sec rule like the one you mention are normally asking for offers starting at that price and the real estate agent doesn’t charge a fee until sold so they put a low price on it but they don’t sell cause they really want a higher price or the house is out of town

Thanks Rob

[Pro investorParticipant@pro-investorJoin Date: 2003Post Count: 108]

April 11, 2003 - 11:01 pm

Hi

Well I think this is a good title

Zero To Hero

Thanks Rob[8D]

[Pro investorParticipant@pro-investorJoin Date: 2003Post Count: 108]

March 22, 2003 - 8:04 pm

Hi

Just thought i’d give my two cents i just bought a property and i offered $38’000 for it they came back and said that if they where to take that offer it would be as is and I said thats all right then the agent got to talkin to me more and I (stupidly) said what the maxium i’d pay for it so of corse they went to that price but I’ll learn from this experience.

Thanks Rob[8D]

[Pro investorParticipant@pro-investorJoin Date: 2003Post Count: 108]

March 18, 2003 - 11:32 am

Hi Oscar

You said that you find the buyer first what do you do when you put an ad in the paper and you get 5 good candidates. working on houses around 65’000 that would be 13’000 20% deposit each house or do use equity from your other propertys such as rentals you may have or do you go and find investors or do you wrap a house to one person and than save up more money for the next wrap to the others (which could take some time).

Please reply i’d really like to know what other wrappers do.

Thanks Rob[8D]

[Pro investorParticipant@pro-investorJoin Date: 2003Post Count: 108]

March 16, 2003 - 8:23 am

Hi Kirsty
1.the 11 sec solution is a quick way to fillter though a lot of property to pick the best properties that will most likely be cash flow positive.

2. purchasing under a company name to my understanding that you pay less tax cause the most you have to pay is around 32% and for a yourself you can be taxed up to 49% of what you earn.

investing under a company name when first starting out it all depends on how many houses you are going to buy in the long run if you were only going to buy one or two than you probly don’t need one but if you are going to buy 20 or more i would consider it.

if you are using a “and/or nominee” clause within a property sale contract in queensland you will have to pay double stamp duty but it can be avoided there is a great artilce in the australian property investor magazine dec02/jan03 on double stamp duty in queensland.

Hope this helps
Thanks Rob[8D]

[Pro investorParticipant@pro-investorJoin Date: 2003Post Count: 108]

March 16, 2003 - 6:48 am

Hi Kirsty

1. The 11 second solution is if you find a house for $80,000 and it would normally rent for $160 a week it’ll be in the 11 second solution cause you take the rent of the house which is $160 and divide it by 2 and times it by 1000 which gives you $80,000.

2.Some of the pros of using a company is mainly for asset protection, you pay less tax than you would if you owned property in your own name and when you start to buy a lot of property it will be worth to have it under a company cause it will cost you to transfer the property from your name to the companys name.

Hope this helps
Thanks Rob[8D]

[Pro investorParticipant@pro-investorJoin Date: 2003Post Count: 108]

March 7, 2003 - 9:25 am

Hi Fireman
I strated by reading money secrets of the rich and used what was in the book on saving and avoiding debt. Help this help.

Thanks Rob

[Pro investorParticipant@pro-investorJoin Date: 2003Post Count: 108]

February 24, 2003 - 12:29 pm

hi angie

did you try dvd player if so how did it go and how long did it take to get a tenant

Thanks Rob[8D]

[Pro investorParticipant@pro-investorJoin Date: 2003Post Count: 108]

February 21, 2003 - 7:56 am

thanks for the advice Nessie I was going to do that if i find it hard to get tenants.

Was everyone nerveous on there first deal or is it just me cause i hope it all works out to plan.cause my parents believe in working hard to make money they think i’m doing the wrong thing no matter how hard i try to explain it to them they still think it won’t work.

Thanks Rob

[Pro investorParticipant@pro-investorJoin Date: 2003Post Count: 108]

February 21, 2003 - 7:51 am

hi the body corpate is $300 a year and rates is $577 half a year.

[Pro investorParticipant@pro-investorJoin Date: 2003Post Count: 108]

February 20, 2003 - 10:58 am

hi everyone I bought this property to for $41000 This is my first and I’m so happy i’m now in the game. I’d like to thank everyone for there knowledge it has help me heaps.

Thanks Rob[8D]

[Pro investorParticipant@pro-investorJoin Date: 2003Post Count: 108]

February 18, 2003 - 1:30 pm

hi have you cheched the libary cause i’ve seen some in my local one in my area there is heaps of people sub dividing mainly there cane fields that they have.

hope this helps

Thanks Rob

[Pro investorParticipant@pro-investorJoin Date: 2003Post Count: 108]

February 18, 2003 - 1:21 pm

hi it’s been on the market for 3 months i offered $37000 today. unit 2 sold on Thursday for $50 000 yes i believe i can make money though renovation and i’m a cabenit maker so that helps.

Thanks Rob[8D]

[Pro investorParticipant@pro-investorJoin Date: 2003Post Count: 108]

February 18, 2003 - 10:34 am

hi i live near arlie and they are devlopping blocks just out side of the main strech of town but i heard that they are around 200k for land don’t quote me on this.

Thanks Rob

[Pro investorParticipant@pro-investorJoin Date: 2003Post Count: 108]

February 17, 2003 - 12:48 pm

thanks for the advise it is a 2 bed room unit in a block of 4 which rents for $115 per week and is for sale for $45’000 and they really want to sell i also get to use the fhbg. the body corpate and rates are $1450 a year.

Thanks Rob[8D]

[Pro investorParticipant@pro-investorJoin Date: 2003Post Count: 108]

February 16, 2003 - 1:52 pm

hi i normally use propertyvalue.com.au they are a good source to start with hope this helps

Rob[]

[Pro investorParticipant@pro-investorJoin Date: 2003Post Count: 108]

February 11, 2003 - 11:20 am

thanks your replies have helped me i’ll be lookin to buy a house in the next 2 months and will want to use the fhog just have to find a property where the numbers work.

Thanks Rob[]