for me,i sacrificed my time, i kept voluntering for war zones whilst i was still in the navy, made plenty of cash, nearly cost me my sanity though. [confused2]
these days i sacrifice my life style to save for future deposits, i also make time to learn more about money every day (or try to)
cheers
shaun

Lead, Follow or get out of the bloody way

please dont get me wrong, if the right IP at the right price comes along i will snap it up!.
i just had some concernes with people being speculative on property, and me beleiving it thats all. i dont think theres a right or wrong time to buy property but the strategy you have must fit the current curcumstances. for me i dont have a right strategy…[Read more]

hey, i just noticed,
my contributer thingy at the top is stuck on 359!
how am i ever going to break the 1000 level? [biggrin]

Lead, Follow or get out of the bloody way

i think the problem is, that the newbies read the book and think its easy, thats why they keep asking where are these pos cashflow properties, a few will persist and find them but at this stage of the game they are in small towns.
i must admit to start with i was one of them, but i realised after steves first book, that what was done 4 – 5 years…[Read more]

i live in canberra, but thats not the point. these properties were in SA. i couldnt find anything decent here at the time, so i phsyically looked further afield.
deals are around everyday, its just a matter of knowing what to look for.
cheers
shaun

Lead, Follow or get out of the bloody way

i’ve found heaps of them!
only recently i found about six properties fitting the rule in about 10 minutes of hitting the town.
if you cant find them, then look else where.
dont rely on the internet, most of these deals arent advertised.
cheers
shaun

Lead, Follow or get out of the bloody way

Ok, back to lemmings.
i was reading in another post about someone looking at RE in south australia, they even mentioned peterborough, for the person who wrote that please dont take offence to what i am about to say.
i was in peterborough a month or so ago, and stayed with friends who live there. alot of the people i spoke to want to get out of…[Read more]

I looked at it, but decided not to go through with it. to join their club you need 50k in equity or cash. they promise to find you an IP. well with 50k i could find you a house, doesnt mean its going to fit your criteria though.
i ended up spending 3k and joined up with peter spann instead. give them a call, very helpfull and will give you the…[Read more]

another trick, is network network network.
get some business cards made up, and everytime you meet a real estate agent give them one and tell them what you’re looking for.
cheers
shaun

Lead, Follow or get out of the bloody way

i understand your frustation at this.
i did the same thing with a nsw property.
from what i understand, you have six years until its considered an investment property again.
i’ve read through all the land tax from the government and still cant find a definent answer to the question.
i even went to the accountant and he cant answer it. as far as…[Read more]

totally agree with you residential.
i just signed up with peter spann, any action is better than none.
cheers
shaun

Lead, Follow or get out of the bloody way

I’m being published in ESC’s new book coming out early next year. please dont hold it against me!
i only put my story in because i thought i’d won a free trip to sydney and a night of drinking and eating. I just wanted to network, and find some cash partners!. as it turns out, i didnt get anything for my trouble.…[Read more]

i have an Ip, currently rented at 175 a week.
just got body corp approval to put in 6 lock up garages, (and the body corp is paying for it)
once completed intend selling off to increase equity, i have my eye on 6 x 2 beddy units.
asking price is 420k, currently rented at 30k a year. intend renovating, strata titleing then sell to investors at 8%…[Read more]

Ive heard of rentals, they are on the north side.
one of my work mates rents through them and she has nothing but glowing reports about how they handle things.
cheers
shaun

Lead, Follow or get out of the bloody way

i saw that too yorker, thank goodness my place is on the fringe of the cbd (bought there on purpose).
the thing i didnt like, was how the person from the REINT was talking up tennant creek. recent news paper articles from darwin newspapers (about a month ago) were saying that people there couldnt give their houses away and had to just abandon…[Read more]

email melbear,
she has plenty of properties rented here in canberra.
hope this helps
cheers
shaun

Lead, Follow or get out of the bloody way

for me, i went and got a cash and carry card, you dont get alot of savings, but some things are ok.
i buy toothpaste at a dollar a tube (i buy 20 tubes) i can get my hands on 30 kilos of good quality laundry detergent for 25 dollars. toothbrushes at a dollar a pop as well. the little things like that add up over time, and the great thing about…[Read more]

Hi kazz
this is the accountant that i use here in canberra
ask for jacob and tell him i sent you.
http://users.bigpond.net.au/d-a/
he’s pretty good, though i’ve found he wont give you advice unless you are seeking clarification.
ie he wont tell you to set up a trust, but if you ask him to set one up for you he will. he will give you any advice…[Read more]

Hi Seraphin,
i have looked into this,
basically the easiest way to buy, say in the UK, US etc. is to do the following.
Pay cash for first IP in foreign country, you can do this buy using a LOC on property in australia.
get a good accountant in the foreign country who will lodge with their tax department, that you are a non resident for tax…[Read more]

well done to all the mappers and steve and dave.
loved the book, however having met the mappers at a masterclass seminar, it was not easy for any of the mappers, and i suspect dave and steve were probably pulling their hair out at some stage as well. it may have been nice to have gone into all the deals that the mappers didnt follow through and…[Read more]