I’m selling because I can get better returns elsewhere [biggrin]

Pretty much the same reason anyone does any investment activity.

I don’t think this is a selling forum so I’m actually just asking about web sites or papers that people have used and found effective etc…

I’ve put an ad in http://www.DIYSell.com.au…[Read more]

Hi,
Yeah, buy a house to live in then look at property. On the plus side you will be saving rent (which comes from post tax money) and you wont be paying interest also from post tax money.

You could then for example buy an investment and know you’ve got the money you normally would have been spending on rent to cover any costs it generates and…[Read more]

Hi,
I’m not by any means promoting Devine as a superior craft-house[biggrin]

But as an investment I think the large builders can produce reasonable value for money. For a house I would live in I would fork out the extra cash and get a custom job done.

Search google.

The biggest problem is that concrete is porous adn the oil will tend to soak down into it. If it is an old oil stain the only thing you can do is cover it up. After washing the top layer of oil off, the deeper soaked in stuff will stay until you remove the concrete.

Is there some sort of “poly filler” type stuff you can use to patch concrete?…[Read more]

There are some really good DIY home improvement books around that cover pretty much everything you could want to do from painting to lino to carpet to knocking down and putting up walls. Get one even just so you sort of know what sort of things will be involved when you hire someone else on.

Hi,
The 11 second solution, as was said, a way to determine 10.4% gross yield which should make a property positive cashflow. However a lower yield may also be positive and worthwhile.

Consider:
$50,000 property (probably a car park!)
$5,000 deposit
$45,000 loan at 6.64% (for arguments sake)

Monthly loan repayments (P+I) = $288
So if you can…[Read more]

The article end with big bold blue lettering saying it is a work of fiction used to illustrate a possible outcome due to current policy and population trends.

Check out http://www.whyalla.com (connects to the city council web site) for more info about whyalla.

Hi,
I’m currently going ahead with Devine. They have a 16 week building guarentee based on a single storey home from site start to completion. If they run over the 16 weeks they will give you $300 / week until they do finish.

I suppose the trick is the “site start” bit. But having said that a friend of mine had his house completed in 7 weeks…[Read more]

Hi,
The best thing to do when trying to get into a field that is new to you is get some base understanding through a little research and reading.

Buy a book about real estate investing so you get the terminology and process concepts. That way when you phrase your questions you can use terms and figures that are meaningful to other investors.

In…[Read more]

I just read over http://www.whyalla.com history section and it says whyalla got to 33k population in 1970. There was a ship building slump and the town lost population down to about 25k today.

Whyalla was built on BHP works, primarily ship building. Initially for naval vessels and then commercial.

Looks like whyalla is in desperate need of some…[Read more]

Can’t afford a 1/4 acre block with 4 bedroom house in the middle of Melbourne? Do you have a 1/4 acre block with a 4 bedroom house in the middle of Melbourne but can’t find tenants at the price you thinks it’s worth?

As has happened: subdivide to buggery and build a zillion units on the lot and rent/sell each of the smaller and more affordable…[Read more]

So from this article what I read is:

Wait for about 3 years to the end of the Bush administration and then buy up big in US property as it should be cheap as chip by then and being sold off left right and centre to international companies (like mine?).

Also, buy up Euros as they will become very valuable if/when oil is traded using…[Read more]

A “free” investment seminar is generally an introduction to a paid for service aimed at people looking to begin investing.

They’ll collect your details to add to their marketing / mailing list either for sending you info or selling you as a qualified lead. This is in fact their payment for the “free” seminar which will probably provide some…[Read more]

I’ve never mentioned the deposit on an offer. It’s the total price paid that matters, not the deposit.

When accepted I pay whatever seems appropriate or convenient at the time. I have paid a 10% deposit because I had the money just sitting around and it was only $8k so I didn’t mind.

On the other hand in WA I was asked (after offer was…[Read more]

Hi,
This link will help (assuming you are in Victoria):

http://www.dse.vic.gov.au/dse/nrenpl.nsf/646e9b4bba1afb2bca256c420053b5ce/d5546b02a31a92c24a256dea002c9de3/$FILE/Planning%20-%20A%20Short%20Guide.pdf

If you aren’t in Vic then do a search on the sort of stuff in the guide [biggrin]

In Vic a single dwelling on a single lot usually doesn’t…[Read more]

I’ve noticed that the first thing a person new to cashflow positive investing looks at is a caravan (I did too). But see the above reasons. They are a poor investment as nothing about them goes up in value.

When you buy them you get no equity, so if you use the equity in your home to buy one you will need to get a high enough return that you…[Read more]

No worries Torachan! [biggrin] You can pick up one of my houses in five years time when the massive burden of debt begins to tear my life apart and all I’ll have to console myself is my millions of dollars and loving wife and business partner. [cigar]

Times are always harder now than they were in the past. We are all living in our golden years…[Read more]

On the otherhand…

I bought a strata title storage unit that came with a lease and management and all the rest. It returns about 6% net and runs with zero input from me. Each month $50 gets put in my account ($9,000 unit) and that’s that.

So I think it depends on what you are looking at. But in general I agree with Moolah, get as much…[Read more]

Hi,
My advice would be to talk with local real estate agents who manage rental properties in the area. Also do some research into town planning or strategic growth plans of the council.

For good or for bad perception is reality and house prices reflect that perception. That means for prices to rise, perception of value must rise and on a macro…[Read more]