Hi Amit, the agent is giving me the following scenario, 185,000 price, 37,000 deposit, 148,000 loan at approx 6.6% over 30 years which equates to a repayment of 942.28 pm. The current rent after rates, body corp fees etc is 246.00 pw net plus deductions for building and furnishings – so to a very inexperienced beginner this looks like a +ve…[Read more]
may be you guys are right but it’s not always few hour work. These agent some time come up with really good deal. Like recently there was a deal in NSW with 12% return and 11% below Valuation. How easy to find deals like that easily.
I am checking lot’s of other topic in last few weeks people writing they can’t find a single positive flow…[Read more]
I have played it’s very good it’s all about cash flow etc but expensive on the RK seminars they sell it very cheap. try http://www.powwowevents.com.au some time they also sell it cheap.
I know some people who bought more then 100 property in short period of time. I am not saying that they used their own money to put all the deals but they control that many property and keep on buying more. I think it’s all depend how hard we are working for properties ( may be term change from investment to business for these people )and…[Read more]
I can’t believe people got too much negative thoughts about PI and Steve etc. why all are worried about 130 property in 3.5 years. Have you seen lot’s of people buying even 30 IP in 3.5 years. Guys learn what he wrote add your tricks and other people tricks ( read books, attend seminars etc ) and create your wealth your way. On top of that stop…[Read more]
I am also thinking same as you now Even if I don’t get anything other then 40% I think deal is not bad for me ( being +ve flow property). I think I should not be greedy when I am not putting any money [].
I was trying to offer same sort of thing with all my logic but other people can’t seems to get. I ask some one to to use their equity for 20% deposit and we take 80% loan and loan will be 40% on each name. So sort of we are investing 60% and 40%. And I offer we will share 50% each because other person is not going to do anything ( sort of…[Read more]