hi derynaka,

your quote

*** “Positive cash flow residential property will never keep up with the return on good capital gain property” ***

i think most people would agree with that, but it depends on what you’re looking for. With my strategy, I’m on a 10 year plan, where I aim to have 20 fully paid for properties giving me today’s equivalent of…[Read more]

might be hard and a bit exxy to get on the blower and make some calls, but that’s always the best way… do you have any family here who could do some investigations for you?

There’s a lot of info on economic development available on the web… particularly WA… as for specific areas of Bunbury, well, maybe you should just wait until you get…[Read more]

hi,

trying to think of a way of saying this without sounding like a “w a n k e r”, so here goes.

get out of your comfort zone beancounter, you have to look harder, and if you’re fair dinkum about going down this avenue, you will look far and wide, you will fly or drive somewhere, you will not neccesarily find the deals in your back yard… you…[Read more]

g’day mini,

I know the potential of dumps. i bought one amongst several purchases when i was there, and I’ve renovated before.

I’m not an expert, but I did a hell of a lot of research into Rocky before I went there, and trust me, I looked at around 60-70 places over a week, this one was not good. I don’t profess to be a building guru, but this…[Read more]

Howdy Stu…

I’m not sure how old that 0.3% figure is… over on the somersoft board they were still quoting it, but I don’t think it’s been updated for a couple of years… I wonder how different it is now with all the buzz on PI. Does anyone know? I’m at work and can’t hunt it down just at the minute.

r

hi brady,

(are you fair dinkum?)

if I had have started when I was your age I’d be shouting dinner for kerry packer, as it is I just work for him…

you’ve already got a huge head start just by coming here and having a read… who paid for your books and tapes? You must have good parents if they did…

cheers mate
r

G’day,

Now, I am a believer in property investing as being my path to what I want financially, but really, what type of person says this of a 94 year old??

*** “forceably remove her and her stuff” ***

Jeez I was mad when I read this. What have some of us become in the pursuit of a dollar? I feel sick, and angry [!] I hope that when you are in…[Read more]

I spent a week in Rocky in June (and I didn’t go to Steve’s seminar), there’s some good deals to be had still… a lot of the “over the phone” buyers have been a bit stupid and careless though, going on my discussions with agents when I was there… scott (another poster) would agree with me… if you do a search you might find our thread where we…[Read more]

Hi,

While RK might not consider the house an asset, I do… and to me, an asset does not need to be about producing income…

Put it this way, in regards to the ppor I bought a year ago, I now have 60 acres 50 mins from Melb that I plan to grow some grapes on, keep horses, indulge in some landscaping, build whatever I want, develop my dream home…[Read more]

Hi,

I bought 4 in a regional city recently, average return will be 10% once they’re tenanted… I’m also confident of 5-8% cg for the next few years, going on previous cycles…

If both yield and cg add up to 15% then I’m happy enough.

Cheers
r

Naughty Johnny…

Firstly, when are you going to say sorry…

Secondly, where are the WMD’s in Iraq? I reckon you and Mr Blair and George Dubya have had a few chats about them over a couple of frothies…

Thirdly, I’m pretty much taking the strategy of IO on my 6 IPs, while getting my PPOR paid off as quick as I can… it’s got a line of credit…[Read more]

G’day Di,

I think in any strata of society you risk getting bad tenants.

I know of some friends in retail who run different accounts, and funnily enough, they reckon a lot of the time, the people from the lower socio economic group pay on time more so than their well heeled cousins.

Individuals all have their own stories to tell, maybe they’re…[Read more]

a bump is a post that “bumps” a topic back to the top where it might receive fresh attention

cheers
r

another incisive contribution bruce, thanks, I got a lot out of that. FWIW I can’t wait to get my copy in the mail.
r

hi veewee,

spend some time doing some research on real estate websites and you’ll find them, however they take some work..

cheers
r

is it in oz or nz?

hi daretotry… whatever you do, don’t EVER believe MEDIA HYPE and don’t rush into anything through fear of missing the boat!!! Read, learn, research, make up your mind once you’re comfortable with it. I’m tipping there are plenty of other investors who know about the area you have found, but don’t worry… there’s ALWAYS other opportunities. By…[Read more]

As that rabid Lions supporter AD would say, if the numbers and due diligence stack up, go for it. I bought 4 recently in the one town and wasn’t worried at all.

Cheers
r

g’day young gun,

I knew what angle you were coming from… I think most people would like to be free from the chains of 9-5 work… I freelance, so I haven’t had a regular 9-5 job for about 7 years and it’s marvellous, I’ve got 6 IPs and a great PPOR however I think a full time job would be good for a while because me and my fiancee are going to…[Read more]

Well, what’s the alternative… buying lotto tickets every week? Property’s great cos of the leveraging… and that 30-50 per week SHOULD increase over the long term of your buy and hold strategy.

Cheers
r