Neo,

When the tenant moved into my regional property last June and I didn’t have a PM yet I sent the tenant a letter saying welcome and outlining how to contact me (e.g. SMS my mobile and indicate urgency), and other important matters.

But I now have someone local to look after it for me, I outsourced it.

skippygirl ) (No. 3 post Steve) [biggrin]

Looks like reasonable value…

I just wish someone would tell the seminar promoters that I am sick of the super long, buy-the-template-fill-in your-blurb “brochures” that always start, “Dear Friend” (and that is usually followed by “Monday 10.03 am” or similar) and then proceed to reel off paragraph after paragraph of usually unsubstantiated hype…[Read more]

Hello, well here’s my first post of 3 from today’s Masterclass.

I noted down from a “stab in the ribs” from Steve that I have been complacent and kept 2 underperforming properties and I really can’t ignore them any longer.

Also, I am not being accountable for meeting my goals. I have them written etc but there is no accountability if I don’t…[Read more]

Thanks Scott and everyone.

Really appreciate your comments.

Cheers
skippygirl

Thanks everyone,

I am particularly interested in the comments about lack of shopping – I had been told that a shopping centre of sorts was being built over the top of Wolli Creek station i.e. supermarket/convenience, video stores, restaurants etc for the high income renters to pick up supplies on their way off the train to…[Read more]

Hey Dazzling,

Yes there are lots of others like you. My partner, the love of my life, is an entrenched employee with the corresponding mindset. He wouldn’t dream of not working at the PAYE gig whilst I could see him handling alot of aspects of the IP’s eg contractor management, contract negotiations, project management etc.

But investing is…[Read more]

Hi Sonja,

$4.99 at Target, I gave this book to one of my children for Xmas after going to Steve’s seminar.

One of the most important books I could ever give her.

Cheers

skippygirl

South Australians do lease-options instead.

Do some searches for lease options and there are lots of resources for them.

Some South Aussies might help also.

Cheers
skippygirl )

OK here goes a little of my story..

2004
Set goal of 10 new IP’s and bought 3. 1 property to be sold on vendor terms held me up (and my LOC)and is still holding me up.

Aimed to put “team” together – found most of them.

Aimed to read 20 investment books/tapes/CD’s etc and did.

Automatic investment plan worked all year. PPOR debt way down, net…[Read more]

Sounds like they are using your money for deposits to buy properties with loans you apply for, and sell them on lease-options. That would be the way you could refinance during the 7 years to access any capital gains.

Nothing wrong with that, but if you refinance, then watch the difference between what you owe on the property and what the option…[Read more]

Good on you Wes and KP.

I have done wraps and often thought, if I defaulted on my loan, which is extremely unlikely anyway, then wouldn’t the bank logically turn to the quickest and best ready made solution which is to deal with the wrappees, who have been paying a higher repayment (testimonial to ability to pay) and occupy the house and have an…[Read more]

Originally posted by yack:
Are those buying investment properties for the first time in todays market lemmings?

No more than when you bought your first property I guess.
Your first investment is always your worst – and you have to enter the market sometime Yack. Get in line and stay in line.
Good on them for taking their first steps and taking…[Read more]

I did have it explained to me once that technically they can’t be illegal in SA, despite the SA gov’ts legislation, as it is the Federal jurisdiction and that overrides the State but nobody wants to challenge the SA govt’s law (path of least resistance) so they do lease options instead.

Cheers.
Skippygirl

Thanks Mobile Mortgage,

Luckily it’s not me, I love my AAA.
It’s a potential wrap buyer who is comparing what he can get in terms of loan products c.f. the vendor terms I’m offering him.

Thanks again.

Cheers
skippygirl [biggrin]

Hi,

Sorry to jump on the coat-tails of the thread, but it is topical for a deal I am looking at right now.

Could a broker comment on the loan options for a recently discharged bankrupt (2 months), self employed tradesperson, income around $90-$100K, about $25K cash for a deposit, parnter & 3 kids, what is the sort of loan product, LVR and rate…[Read more]

Dear All,

I went along last night – lucky I was NOT the Lone Ranger – and found it very inspiring. A couple of points hit home with me – having a certain number of IP’s and still managing them myself, and not having congruence between the properties in the portfolio.

I had really been analysing each deal in isolation and if it makes $$ I gave…[Read more]

Originally posted by wilandel:

I went to the Melb book launch last night, and I was humbled that people actually gather around us to learn about “our story”…[blush2] I hope that we can help others a little, that would be great.

???Blast, I thought it was tonight the 14th??????? At the Hyatt?? Would I be the Lone Ranger if I went…[Read more]

I think it is Keith Cunningham who says to make a profit you –

find out what people want and give it to them.

Cheers

skippygirl [biggrin]

Thanks FlyHigh.

Cheers

skippygirl )

FlyHigh,

Do you remember the name of the first company – the lease-option one?

Skippygirl:))