Hi

I’d hate to think (and calculate) how much money I spend on beer and take-away food [blush2]

I’m so depressed, I think I need a beer and a pizza [biggrin]

I live in Karratha and for a fee find quality cash positive deals there, email me at lcfc@tpg.com.au to join our database

Hi

Try these:

http://www.realenz.co.nz/

http://www.propertytalk.co.nz/

I live in Karratha and for a fee find quality cash positive deals there, email me at lcfc@tpg.com.au to join our database

Hi

Cheers for the info on Broken Hill [thumbsupanim]

It’s actually quite hard to achieve 10% in Karratha.

A 7% return in Karratha is to low by far, even with a 10year lease. Depending on your situation you may even have a negative cash flow in a country town!

There is a possibility that it is a company built property with the lease written…[Read more]

Hi

Like the link [rolleyesanim]

Unfortunately that’s a poor return for Karratha.

The property is on the outskirts in a new Suburb, you can achieve much better returns than that with a little extra effort (not just a 2 second search on the web) [grad]

Asking price is high but I suppose that’s what you get with a guarantee [biggrin]…[Read more]

Hi

Broken Hill, whats that place like??????

I live in Karratha and for a fee find quality cash positive deals there, email me at lcfc@tpg.com.au to join our database

Hi

In my experience when building the builder gets a progressive payment, for example when they have completed the foundations.

I don’t think it’s just the bank, you should also check your building contract – the builder may of been getting progressive payments without you knowing.

Basically you should only pay interest on money that you borrow…[Read more]

Hi

Hope you feel better now [wacko]

Don’t get too stressed, no point being a property investor and kicking the bucket due to “Property Stress” syndrome.

I sometimes find a nice glass (or two) of red helps [stun]

I live in Karratha and for a fee find quality cash positive deals there, email me at lcfc@tpg.com.au to join our database

Hi

Sounds a good case for a wrap.

I’ve never completed one before but as I understand you should still perform a variety of checks to make sure the deal is a safe as possible up front.

I’m sure someone will be able to help you on this forum – I’ll be interest to see what they have to say.

Have you read Steve’s book 0-130????

The wrap product…[Read more]

Just enough to roll around in would be nice[king]

I live in Karratha and for a fee find quality cash positive deals there, email me at lcfc@tpg.com.au to join our database

Hi

I know of someone who has a few IP’s in Geraldton.

The last I heard was that the local council was buying random properties for state housing.

This meant that a once considered good area/street was suddenly being populated with state housing.

Now, some people may be happy with this, others may not. My friend was very unhappy because 1) his…[Read more]

Hi

As with all agents there are good and bad, do your homework and phone around, even ask for references.

Agents normally charge more in the country (In Perth I pay 8% management fee in Karratha it’s currently around 10% for the same type of property)

“if I was a regional agent and saw a +’ve deal I would buy it myself!” – the problem is you…[Read more]

Hi

There are the obvious comments, such as “get another job”.

But to try and be helpful I’ll suggest:

1)Perhaps you could find a partner who you could split the cost with and perhaps develop the block so it starts generating an income, therefore lowering your costs but still giving you the chance to capitalise on the block.

2) The vendor may…[Read more]

Hi

In my experience flats come in two forms

1) Strata
2) Shares

With Strata you are allocated a parcel of space (strata plan layout), I guess technically it is’nt land but you are actually buying the building component, the land is generally “common grounds”

With Shares you are buying a share in the complex, similar to buying shares from the…[Read more]

Hi

It’s important to look at the whole picture, just because a property is in a country area (remote) doesn’t mean it isn’t a viable IP.

You have to review each area and what supports the area (community & industry).

Cash flow is the main incentive for these areas but remember just because one area is experiencing slow growth it doesn’t mean…[Read more]

Hi

I’m currently refinancing with St G.

I was previously with NAB, who very kindly cross-secured all my properties and tied up my borrowing capacity [angry2]

With St G I’ve been able to refinance my properties so that they are all stand-alone [biggrin]

Banks are generally all the same (out to make money) and it’s just a matter of finding the…[Read more]

Hi

Does that mean the book will be available at the Perth show??? Please[thumbsup2]