Are you looking at town starting with a “C” [biggrin][biggrin]

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Donald… ?

Duck or Trump ???

Hmmmmmmm

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Plant as many Olive trees as you can in your yard and become a Tax haven Olive plantation..LOL.. Not a very good situation for Investors there..[baaa]

is it 2.5 % on sale of property ? Dont sell..?

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Morning Pisces..

CONGRATULATIONS

REDWING[biggrin]

“Money is a currency, like electricity and it requires momentum to make it Effective” Your Income is your Greatest Asset !

Hope All goes well Chefman [thumbsupanim]

Voodoo[evil3]

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Also..

The regional towns are ‘much’ smaller than Eastern States regional towns, remember this when looking at IP’s because of your tenant base.

With the Mining Industries going great guns again, some of the mining towns are achieving great rentals due to the influx of workers, and new building approvals are still going through..

Great State…[Read more]

Hi Chefman

Let us know how you progress..

Did you buy ‘sight unseen’ in QLD ?

seems strange regarding no increse in CG as the last 2 years should’ve been great..

Interested in the area your investing in also, S-E Qld and that general area seems to be a good market, be interested in any info you can provide..

REDWING

“Money is a currency,…[Read more]

Dohh..

Pregnant Result

REDWING[cap]

“Money is a currency, like electricity and it requires momentum to make it Effective”

Agree with the above, i’d be looking for CG as well as positive cash flow with your IP’s.

Remember most loans are for a term of 25 years, so look long term with your investment.

Don’t purchase in some remote area on the edge of the desert with 10 residents, 2 dogs and a goat, just because it meets the 11 second rule.

Agree with Derek thet some…[Read more]

As myself and others have stated here before..’don’t’ buy simply because a IP is + geared, there are many out there in Regional areas ‘cheap as chip’s’, however.. would you want them ?

Look at the Population trends and Economic trends of an area you feel meets your criteria ( in saying that, the first thing is to have a Strategy ), most + Geared…[Read more]

Great post all..

Skippygirl i enjoyed reading your post’s re ‘Hiccups’encountered during the setting up of your Trust structure, wish there was more of this here..

Trust Magic and Wealth Guardian seem to be the Trust books to get.. I think Neil Compton has one out to at Dymocks..

Any more ‘real life lessomns encountered with Trust structures…[Read more]

Motmarich..

It’s my belief that purchasing the IP shouldn’t influence your FHOG ( if thats what your using for the apartment ?)

One shouldn’t influence the other. Do a check on this site re FHOG and you should find your state’s relevant website for FHOG, i recall All state’s posted here before.. or ‘Google it ‘

REDWING

“Money is a currency,…[Read more]

Wish FHOG was around when i Purchased..[angry2]

Wasn’t it $14 k a while back ??

Good effort scremin [thumbsupanim] and nice to know..will pass onto wife’s younger brother for his first purchase

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Thanks Guys.[thumbsupanim]

Many American sites promoting this type of investor financing for IP’s

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Powter

Agree with Derek’s post

A very broad statement and Not much information about yourself, your goals your objectives etc..

cant *get* to point B without knowing where your point A is my friend..

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Morning Project…[biggrin]

Jaffasoft is a forum member here.. do a search, or alternatively PM him..

Steve also has a CoCR calculator

Ez-Rent and others here have software available..

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Pisces..

You said

“No, again. I did a little spurt, contacted some 70 people in one week, 10% of whom were interested enough to phone me back and say ‘hey, come and talk to us’.

What have i done about talking to more prospective purchasers the last three or so weeks ?

F/A.”

Guess you ( along with most of us ) have to figure out what gave you…[Read more]

As has been stated before, you need to look at these deals on a stand-alone basis..not just with the hard won Equity of your PPOR involved, as without that Equity the Banks wouldn’t have proceeded with the Loan.. Banks Greedy ? sounds like the Good ol’ Days [baaa]

I do recall these GC excursions getting airplay a long time ago and ‘which banks’…[Read more]

Agree.. Your search for + Geared IP’s in Perth will be pretty fruitless, you have to go regional, cheapest i’ve come across in WA was $12k, however.. would you want to buy it [blink]
Not me- very, very small town, very remote inland location ( *blink* and you’ve driven through the place ).

So researching the areas ( due dilligence ) is paramount,…[Read more]

1983 and now it’s 2004 and at 200 000km, that makes about 9 523kms a year…!

look for around 5000km a year average, and at 200 000 the value has wella nd truely dropped out of it, the price should go south after 200 000km

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”