PropertyInvesting.com | secretgnome | Activity https://www.propertyinvesting.com/members/secretgnome/activity/ Activity feed for secretgnome. Fri, 01 May 2026 15:43:17 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 6ecc2d9c32b05cd812720b811555a6a4 secretgnome replied to the topic Finance question in the forum Finance https://www.propertyinvesting.com/topic/4398609-finance-question-6/#post-4616160 Sat, 06 Feb 2010 01:43:11 +0000 Hi,Few quick points:- Going low doc doesn't make it easier to build down the track. Just go through a bank and get a standard loan to purchase the land. You'll get 80% lend on this easy without LMI. Down the track if your bank/broker is worth their salt, you'll just get another loan for the construction costs. Going low doc will just mean higher…[Read more]

]]> 8a00bafe9618911ff5dffb57af0e7a90 secretgnome replied to the topic LOC Setup in the forum Finance https://www.propertyinvesting.com/topic/4398618-loc-setup/#post-4616238 Sat, 06 Feb 2010 01:26:44 +0000 Hey,It really depends on the lender. The bank is asking you what you're going to do with the money as they don't want you investing it in something really risky. To give an example, you might be using that money as your equity in a highly speculative industrial subdivision project. If that project went sour, you could easily owe the bank more than…[Read more]

]]> 4753e6cf19ffb7694f98f7fffa855472 secretgnome replied to the topic Dolf De Roos in the forum Heads Up! https://www.propertyinvesting.com/topic/4381766-dolf-de-roos-2/#post-4526791 Sat, 27 Aug 2005 13:38:09 +0000 I think Robert Kiyosaki offers wannabe motivational speakers the boost of his brand name in return for profits. I believe Dolf de Roos then realised he had built up his own name enough through the rich dad series, & so severed the ties. This would explain why he’s doing something with Trump.

]]> 38a9a433f1b2ec0e2be796bfe097def1 secretgnome replied to the topic In need of real advice for a beginner ... in the forum General Property https://www.propertyinvesting.com/topic/4376546-in-need-of-real-advice-for-a-beginner/#post-4493362 Thu, 21 Oct 2004 10:17:33 +0000 try http://www.fairtrading.qld.gov.au/oft/oftweb.nsf/AllDocs/96CAD1992315E4064A256B4400304681/$File/Buying_a_home.pdf

I was just browsing around there and it’s got an ok summary of the process there.

and regards to the market price for a property, agents use http://www.realtor.com.au to make a CMA (Comparative Market Analysis). Im not sure how you pay…[Read more]

]]> 5f84592f3a5529bd63914edce591a2dc secretgnome replied to the topic Getting Started in the forum No Subject https://www.propertyinvesting.com/topic/4375772-getting-started-16/#post-4488363 Wed, 01 Sep 2004 02:53:11 +0000 Oh and by the way Monopoly – my mentors arn’t in the same boat – most of them are very rich. I was saying I have few friends who have similar goals as well, who i’ll probably work with to go where I want to go.

]]> 62484ffcc8210cd9f2dfcba08bf9080c secretgnome replied to the topic Getting Started in the forum General Property https://www.propertyinvesting.com/topic/4375772-getting-started-16/#post-4488362 Wed, 01 Sep 2004 02:49:10 +0000 Thanks for the constructive criticism people – it’s well met [biggrin]. Has anyone else got their opinion or ideas to add. I’d appreciate all the input I can get. Thanks yall

]]> 4e164b976b9c69b4e10744535a3ecb40 secretgnome replied to the topic Spotting a Dodgy Guru in the forum Heads Up! https://www.propertyinvesting.com/topic/4375627-spotting-a-dodgy-guru/page/2/#post-4487449 Tue, 31 Aug 2004 10:12:59 +0000 Sorry to the pessimest J.T Reed, but after reading all of his Dolf De Roos article, I can’t help but laugh.

Firstly, I love how he says “there isn’t much money in property management” – small time there’s about a job + a business profit, but there are big companies doing it creatively that are making truckloads.

Secondly about how hard he rekons…[Read more]

]]> d322695d2964aefcdec6117d8bb5a010 secretgnome replied to the topic Renovating -- the easy way?? in the forum General Property https://www.propertyinvesting.com/topic/4375686-renovating-the-easy-way/#post-4487827 Tue, 31 Aug 2004 08:43:54 +0000 You may want to read the book “Building Wealth” by Russ Whitney – he talks in there in a fair bit of detail if I remember about how you can make quite a fair bit of money out of renovating. It’s a US law-based book, so I dunno bout some of the specific legalities.

But anyway, one of the things he talks about in the book is how where he is, you…[Read more]

]]> 4e7c57f2c61701ff9f515573c06cbb93 secretgnome replied to the topic Agent Update!!! in the forum General Property https://www.propertyinvesting.com/topic/4375507-agent-update/#post-4486701 Fri, 20 Aug 2004 03:37:25 +0000 I was working in a real estate agency recently and I can say that basically most sellers have got way too big expectations, compared to buyers, and the market is slowing.

A lot of properties are stagnant atm and they’re not moving very much. But mind you, working in RE for a bit teaches u a lot about the difference between good and bad…[Read more]

]]> c1e410a581493d972c72cf11a5665973 secretgnome replied to the topic US Interest rate on home loans in the forum No Subject https://www.propertyinvesting.com/topic/4374779-us-interest-rate-on-home-loans/#post-4481203 Fri, 02 Jul 2004 01:18:04 +0000 It probably should, but i’m sure if the banks there are willing to allow you to lock in your interest rate for 30 years, they’ve figured out the consequences of it. I don’t think it’ll affect the rates the banks charge

]]> 97a764c9a7364dc3166e22575b8455d0 secretgnome replied to the topic What makes a prop. neg. geared? in the forum No Subject https://www.propertyinvesting.com/topic/4374549-what-makes-a-prop-neg-geared/#post-4479782 Wed, 23 Jun 2004 07:13:27 +0000 I agree with Monopoly. You can’t just use the yield. I know of a few units that have quite an alrite yield that would be +ive geared that way, but they can have some $4.5k body corp that means you’re actually dipping into ur pocket to keep it.

You have to do a full analysis of all the costs really to make an informed decision

]]> 8a083f9a65ac35c591d1e01c5c2cc8a3 secretgnome replied to the topic Sharing Tips- in the forum General Property https://www.propertyinvesting.com/topic/4374439-sharing-tips/#post-4479048 Wed, 23 Jun 2004 07:02:51 +0000 Tip: Wise men never spit into the wind.

]]> 8a083f9a65ac35c591d1e01c5c2cc8a3 secretgnome replied to the topic Sharing Tips- in the forum General Property https://www.propertyinvesting.com/topic/4374439-sharing-tips/#post-4479048 Wed, 23 Jun 2004 07:02:51 +0000 Tip: Wise men never spit into the wind.

]]> 9405121bac3c3a9e1e0a719121181cae secretgnome replied to the topic Five Year Plan in the forum No Subject https://www.propertyinvesting.com/topic/4374266-five-year-plan/page/2/#post-4477791 Sat, 12 Jun 2004 02:16:07 +0000 Next 2 years – Work & learn the real estate industry & selling
The 4 years after that – buy & add value to property to retire at the end of this period
The 5 years after that – Invest big time to create my real retirement income (100’s thousands/yr)
After that – See the world & do motivational speaking

Oh yeah, and i’m 19 so that means i’ll be…[Read more]

]]> adf7c2b6801e9f95242b21815296326f secretgnome replied to the topic cash flow 101 in the forum General Property https://www.propertyinvesting.com/topic/4374352-cash-flow-101/#post-4478468 Sat, 12 Jun 2004 02:01:21 +0000 Buy the pack of Cashflow101 + Cashflow for kids for $340 i think it was, then sell cashflow for kids for $100. That’s what I did

]]> 0a6dbf55eacf79153d0790a062a57df4 secretgnome replied to the topic small towns in the forum General Property https://www.propertyinvesting.com/topic/4372984-small-towns/#post-4468204 Sun, 18 Apr 2004 11:16:26 +0000 Some advice I once got is that 95% of people do the same thing, so if you want to succeed, you just have to be the 5% that do the opposite.

I’d say that a lot of investors dismiss small towns from the start because in their belief systems, small towns are risky. Saying that, you really should take a good look at all the aspects of your…[Read more]

]]> 625ee158f01b4743911bdb97f3f8237a secretgnome replied to the topic BRAINSTORMING. Something New, What Would You Do? in the forum General Property https://www.propertyinvesting.com/topic/4372755-brainstorming-something-new-what-would-you-do/#post-4466716 Sun, 11 Apr 2004 05:59:14 +0000 One thing I rekon you could do maybe in the future is make a computer program to invest in property. That way you wouldn’t be limited to your own time to analyse deals & do the work.

It could tap into numerous abs & other data on the internet to identify the most likely growth areas, while also accessing numerous real estate data to put together…[Read more]

]]> 61d7d6a2cec1ff4371fb712946835361 secretgnome replied to the topic Easter pressies to tenants? in the forum General Property https://www.propertyinvesting.com/topic/4372476-easter-pressies-to-tenants/page/2/#post-4464699 Fri, 02 Apr 2004 01:58:35 +0000 I still don’t see how you equate giving easter eggs to one of your tenants with tenant loyalty. I think if a tenant was thinking of moving out, they wouldn’t say “but my current landlord gives me an easter egg at easter, so I think i’ll stay here just for him”.

I think you should use these sort of gestures when you can see they will have a real…[Read more]

]]> c7b761f09faef9bd21b8191a82fde734 secretgnome replied to the topic Brad Sugars on ABC in the forum General Property https://www.propertyinvesting.com/topic/4372474-brad-sugars-on-abc/#post-4464666 Fri, 02 Apr 2004 01:37:47 +0000 I have a friend who went to one of Robert Kiyosaki’s 3-day seminars that cost around 6k or so. When he came back he told me that a lot of the stuff they learnt was just what was in his books – which cost around $25 each [glum2]

Mind you though, he went on to start a business which is doing extreemly well atm. Maybe it’s like a placebo – some…[Read more]

]]> 7e96c62891b7a3ec76a988a456353b06 secretgnome replied to the topic 'Sitting on your hands Syndrome' in the forum General Property https://www.propertyinvesting.com/topic/4372537-sitting-on-your-hands-syndrome/#post-4465141 Fri, 02 Apr 2004 01:23:33 +0000 I think if you happen to get any more gut feelings as to where to invest – you should go for it. One property at least usually won’t hurt that much – depending on your financial situation of course. At least once you’ve bought a property and experienced all the emotional distress and yadayada, you’ll be more inclined to trust your logic the next…[Read more]

]]> fc83d202b758dc136d9af92dd8d6612a secretgnome replied to the topic 11 second properties - where? in the forum General Property https://www.propertyinvesting.com/topic/4372295-11-second-properties-where/#post-4463048 Thu, 25 Mar 2004 07:53:53 +0000 Why not research the going rents in a certain area that has good yields, then make offers according to what you would like your purchase price to be – no harm in trying that

]]> 2990528a850a928601ca83235856a043 secretgnome replied to the topic what to do with 42,000.00? in the forum No Subject https://www.propertyinvesting.com/topic/4372320-what-to-do-with-42000-00/#post-4463276 Thu, 25 Mar 2004 07:04:28 +0000 Put it all on black 22

]]> 920e9cd7fe144da3eb9bee0eed955145 secretgnome replied to the topic Letter for raising the rent? in the forum General Property https://www.propertyinvesting.com/topic/4371962-letter-for-raising-the-rent/#post-4460401 Mon, 15 Mar 2004 12:22:37 +0000 haha – new curtains meaning a rent rise of $100 p/w

]]> bb6297dc49b8b519057b82d6bd9adf9e secretgnome replied to the topic Questions for Steve after reading book in the forum General Property https://www.propertyinvesting.com/topic/4372039-questions-for-steve-after-reading-book/#post-4460912 Mon, 15 Mar 2004 12:07:59 +0000 I was just passing though and thought I might give you a couple of things to think about.

3) The point of having 4 houses instead of one big one as you used as an example is that it minimizes your chances of losing. Say for example you had a vacancy rate of 5% for your sort of houses. With one house your chance of having NO income is 5%. But with…[Read more]

]]> 9809dbe92bf0c2e088b93f77b793aad2 secretgnome replied to the topic are you kidding in the forum General Property https://www.propertyinvesting.com/topic/4371936-are-you-kidding/#post-4460032 Fri, 12 Mar 2004 05:31:38 +0000 Well you guys are looking the wrong way – Gold Coast and Brissie are the way to go

]]> a7b1a40aa0c74f5d0a51d2338d2c5bfe secretgnome replied to the topic Real Estate Licence in the forum No Subject https://www.propertyinvesting.com/topic/4371505-real-estate-licence/#post-4456253 Fri, 05 Mar 2004 08:22:00 +0000 Yeah that’s what he suggested in the book – you would probably not be able to get as many houses if u were after a share of the comission. But you’d get more money for each house, so it’s a sort of a trade-off.

It’s all just food for thought though.

“I’ve made every mistake in business, but i’ve only made them once”
– Dick Smith

]]> 43dd8d299391e7beeee4f2caf9af3c8e secretgnome replied to the topic A young beginner who really needs some replies. in the forum Help Needed! https://www.propertyinvesting.com/topic/4371614-a-young-beginner-who-really-needs-some-replies/#post-4457459 Fri, 05 Mar 2004 08:10:16 +0000 I’d highly recommend the book Building Wealth by Russ Whitney – i’m currently reading it atm and it’s got some really cool ideas in it. I just hope they work here in Aus as they did for him in the US.

I wouldn’t get disheartened by the downpayments on properties or how you need morgage insurance if your loan is too big – there’s no harm in making…[Read more]

]]> c0e4ca46fe0bbb13310996501c8c89b3 secretgnome replied to the topic anyone with unwanted +ve properties? in the forum General Property https://www.propertyinvesting.com/topic/4371444-anyone-with-unwanted-ve-properties/#post-4455638 Thu, 26 Feb 2004 01:49:14 +0000 Sorry Pisces – don’t like what you said about needing a deposit (look at the nothing down posts in this forum), and when you used the word “job” – you just need some sorta income.

Anyway PenguinJr, you’re going to have a hard time just scouring the internet like all the other hopefuls looking for positive cashflow properties. That doesn’t sound…[Read more]

]]> c48dd28ab984c3a2046f45522c13517d secretgnome replied to the topic Rent ? in the forum General Property https://www.propertyinvesting.com/topic/4370047-rent/#post-4444890 Thu, 18 Dec 2003 10:12:18 +0000 Sorry, a bit off the topic but

“Being highly geared can be uncomfortable. It’s probably better to be <70 LVR to save the worry.”

– Wouldn’t it be better to be more leveraged because then you could use the extra money to buy more properties and reduce your risk that way? You’d also get the benefit of having another appreciating asset :)

]]> 6d7056f02feaa9f4a4c4fd09992f603d secretgnome replied to the topic Buying in Tasmania in the forum General Property https://www.propertyinvesting.com/topic/4370054-buying-in-tasmania/#post-4444951 Thu, 18 Dec 2003 10:02:29 +0000 Yeah, a friend of mine recently bought a property for his business with the clause “subject to his own due dilligence”

]]> e54e6c53d118e8a9bd9eeb913461bd1f secretgnome replied to the topic need advice regarding "bird-dogs" in the forum No Subject https://www.propertyinvesting.com/topic/4370003-need-advice-regarding-bird-dogs/#post-4444413 Mon, 15 Dec 2003 14:46:43 +0000 Hey I’m also a uni student and facing the same dillema of no cash nor decent income to start[:(]

If you know who Dolf De Roos is, well he aparently got the money to start investing via a student loan, since he’s never had a job. But from what i’ve read of student loans from the major institutions, they don’t loan for investment purposes. So beats…[Read more]

]]> 1eb2b0d0b5b57118ab66ad900a0c8589 secretgnome replied to the topic Property Auctions in the forum General Property https://www.propertyinvesting.com/topic/4369147-property-auctions/#post-4437459 Sun, 09 Nov 2003 12:49:18 +0000 I don’t see anything wrong with auctions either. If you’re a shrewd investor and not swayed by the hysteria of auctions, they can’t be bad for you. If anything, auctions would show how much people would be willing to pay for the house – bad if it does get sold, but if it doesn’t – wouldn’t that mean that your offer a short while after the auction…[Read more]

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