[sam2011Member@sam2011Join Date: 2010Post Count: 123]

April 11, 2010 - 1:13 am

had a look all over brisbane and couldnt find much, but if you go regional you will def find something.  in nsw you can have a look at gosford, they just released the city plan by i think it was 2030, they are upgrading the city centre and also creating bars/caffe's by the water, so there is definately potential in the iong run

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

April 11, 2010 - 1:10 am

so then it doesnt really matter if you cross collaterize?

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

April 10, 2010 - 12:51 pm

oh really?  i didnt know that, but yeah lakemba has good returns and based on the latest population projections liverpool is 2nd highest growth area in nsw

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

April 10, 2010 - 11:59 am

in sydney?  i would be interested
cheers

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

April 8, 2010 - 10:59 am

i dont think ive ever been on a forum where peoplegenuinly spend the time to help, thank you!

questions….if i default on a loan at the moment wont the bank still have the right to retrieve that money even if it means selling one of my other properties?

i am pretty confident about the increase in value in one of them over the next 6months so i think its a risk worth taking.

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

April 8, 2010 - 2:16 am

Hi freshy,

i guess it depends on your goals, are you looking at a buy and hold strategy with positive cash flow or are you more interested in the buy and sell making capital and doing it over again?

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

April 8, 2010 - 12:15 am

hey Leigh have you really read all those books???  sooo many of them

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

April 7, 2010 - 7:09 am

the first thing i would do is call the bank and let them know about your situation, i know last year some banks had something where they would allow non payments for upto 1 year for anyone who lost their jobs.  i would definately call them and see what they can do and negotiate to get as much time as possible.  interest will build up but selling will also be costly if you take into account the taxes and commissions etc

then i would look at renting it out

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

April 7, 2010 - 3:03 am

i just realised the excel sheet doesnt open unless you save it, not sure whats wrong with it, but the pdf is shorter 40 pages or so.  you can also get them from department of planning website

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

April 6, 2010 - 7:09 am

i did a similar thing with mine, i needed 7k and i got a cash advance at interest rate of around 20%, i then applied and got a new credit card with another bank and did a 6month 0% balance transfer.

If you need to and are confident you can pay it off then i dont see why it should be a problem, there are plenty of ways with credit cards not to have to pay anything or actually even pay less than a mortgage.

thinking about it now i am wondering why i dont take out 20k put it on my mortgage for 12month and get a low interest transfer

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

April 6, 2010 - 4:16 am

Hi Chiz,

onthehouse.com.au is a good one, also try the below Old listings, they even give you rental prices

http://www.oldlistings.com.au/ 

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

April 6, 2010 - 12:15 am

Hi Hendrik,

i think your best option is to start reading a few books, i have read some of margaret lomas books and also steves book and the knowledge you get from those two books will go along way in helping you research.  They are good in the way they show you what you should be looking at and what not to look at.  then you can use their methods and start researching using the tools whcih are freely available.

some of the things you should look for are infastructure upgrades, councils vision, any plans in the area and alot more…..

i have a blog where i have listed all the free tools i use when researching areas and properties, have a look and i am sure you will find something valuable in there.

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

March 10, 2010 - 9:27 pm

thanks ryan

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

March 8, 2010 - 6:07 am

thanks guys, i think it will help with a few things, understanding the processes and so on so might look at doing it before the end of financial year

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

March 7, 2010 - 12:57 am

so would you say the knowledge you received from the course has helped you with yout investments?

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

March 5, 2010 - 5:39 am

you can try ipropertyco.com they do a similar thing to the spreadsheet

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

March 4, 2010 - 11:54 am

Hi Anthony,

have a look at my blog below, there are some really good free tools available which you can use to better determine if what you are paying is the right price.  i have never seen a softwarre like that, but if you do find one post it up

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

March 4, 2010 - 11:51 am

in long term i like gosford, they have a new city plan which looks impressive if you buy in the right location

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

March 3, 2010 - 10:01 pm

i think you will find everyone here has a different strategy and different amount of funds to be able to do that, as in buy 4 houses within 3 years.  i would suggest reading a few books, steves, margaret lomas and other ones, after 3 books and some magazines i think you will get a good idea on what you need to do to be able to do that.  you will find that you will need to research and do more research, until you find the good area with growth potential and positive cash flow

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

March 3, 2010 - 1:36 am

Hi Terry,

thanks for clearing that up.  from memory steve also mentioned your borrowing power is greater,is that true?