[BennyteeParticipant@ten_burnerJoin Date: 2006Post Count: 243]

September 25, 2011 - 12:11 am

Hi guys

I dont mindpaying for the odd seminar here and there, but that was an eye opener 45K for a property investing course thats a scam alright thats a 20% deposit and closing costs where I live lol  "Rich dad poor dad is one of the most over rated books" lacks substance he is to vague

as appossed to Steve McKnights books which lay it all out step by step and explains formulars like a manual

[BennyteeParticipant@ten_burnerJoin Date: 2006Post Count: 243]

September 18, 2011 - 1:28 am

Hi Robbo

Im assuming from your post  your after some cash pos stuff, Ive seen 2 bedroom units in Cairns which would be cash pos a on a 90% LVR after strata fees with out the dramas

I guess what I'm trying to say is there can be hassels running a share/boarding house, a couple of friends of mine ran 2, I was looking in to it myself,
but they said you always have a high turn over of tenants and you will always have a couple of rooms vacant (have you factored in that to your cashflow analysis),

 I did a quick check on rentals in Cairns there is pages of stuff I would check vacancy rates out first, also there is usually more maintence issues with queenslander houses.

Again it depends how hands on you want to be, do you live in Cairns ?? if you dont I wouldnt be running a boarding house from inter-state

[BennyteeParticipant@ten_burnerJoin Date: 2006Post Count: 243]

August 18, 2011 - 2:09 pm

Hi echelon6,

I believe the reason we look at historic growth figures, is because whats the alternative ? guess the future…the next best thing unless you have a crystal ball (realestate agents seem to have one lol) has to be to look at the past and this can give us a better indication of where that suburb might be headed in the future,

again I wouldnt look at just growth figures to built a picture of whats going on in the area, I would use it in conjunction with surrounding suburb price information, major works projects in the area, population growth or decline, to give me a better understanding of whats happening

[BennyteeParticipant@ten_burnerJoin Date: 2006Post Count: 243]

August 18, 2011 - 8:16 am

your the best Mike, the reports are very accurate in my view

thanks

[BennyteeParticipant@ten_burnerJoin Date: 2006Post Count: 243]

July 29, 2011 - 8:15 am

Hi Katsudon,

Im in the exact same position as you, I moved down from Sydney 6 months ago and im looking in the same areas as you, I own one of the units in the Block you are looking at, Ive got a couple of offers in at the moment on some others in the areas your looking, I tried to private msg you but you have to activate it on your profile or email me at [email protected]

to answer your questions, I wouldnt look to flip or build and sell the market is very very flat at the moment and a couple of agents I know agree when I say its going to get worse before it gets better down here so I wouldnt be investing for capital growth in the short and medium term, but the market is exellent for cashflow generated from high rental yields especially in the outter suburbs

email if you wanna chat

[BennyteeParticipant@ten_burnerJoin Date: 2006Post Count: 243]

July 22, 2011 - 10:11 am

Hi New2invest
 
Honestly you dont need any of them

Im not knocking them but in reality, you can buy your own IPs and come up with your own strategy without paying any fees, 
you can learn more from the peeps on this forum and from Books and magazines without paying large fees ect

all the best just trying to save you a buck

[BennyteeParticipant@ten_burnerJoin Date: 2006Post Count: 243]

July 10, 2011 - 10:01 am

Hi Mike Thanks for the 2 reports you emailed me

Regards

Ben Turner

[BennyteeParticipant@ten_burnerJoin Date: 2006Post Count: 243]

June 7, 2011 - 2:12 am

The world owes you nothing, it was here first..

What one man does another can do..

Work with what you do have, dont dwell on what you dont have…

The only risk in life is not taking any…

short term pain long term gain…

[BennyteeParticipant@ten_burnerJoin Date: 2006Post Count: 243]

May 31, 2011 - 11:20 am

Try this site it’s free it’s not perfect but its a good free tool
refindhouseprices.com

[BennyteeParticipant@ten_burnerJoin Date: 2006Post Count: 243]

May 29, 2011 - 12:34 am

Hi guys

The latest strategy I have been looking into is very cash pos and in some cases fits the 11 second solution. I have been looking around uni towns at 4 or 5 bed houses and renting out the rooms on individual leases, I even found a property manager who would manage it and does for others,  food for thought

[BennyteeParticipant@ten_burnerJoin Date: 2006Post Count: 243]

May 7, 2011 - 9:10 am

Thanks guys you have been most helpful

Hey Shape I sent you a PM

[BennyteeParticipant@ten_burnerJoin Date: 2006Post Count: 243]

May 5, 2011 - 9:40 am

Hi J

I think you could get an admin job working in a Real estate agency no worrys at least you will get a guranteed income, and you can learn about sales and property management while your their and possible move into sales full time at a later date

[BennyteeParticipant@ten_burnerJoin Date: 2006Post Count: 243]

May 5, 2011 - 9:30 am

Hi guys

Im interested in any one who has invested in Port hedland or south hedland or who has any relevant info and there experiences good or bad
I mean it looks to good 11% yields, Im after cashflow not to concerned about growth, I have IPs in other capital cities

thanks in advance guys

[BennyteeParticipant@ten_burnerJoin Date: 2006Post Count: 243]

May 2, 2011 - 7:45 am

Thank Richard

[BennyteeParticipant@ten_burnerJoin Date: 2006Post Count: 243]

April 15, 2011 - 6:54 am

Hi Guys Thanks alot thats just the advice I needed

thanks again

[BennyteeParticipant@ten_burnerJoin Date: 2006Post Count: 243]

March 25, 2011 - 6:27 am

Hi Rick H
 
well done Im looking at making the trek to the US in the coming months, can you keep us forumites posted on how everything goes Im particularly interested in your Property management experiences

well done

[BennyteeParticipant@ten_burnerJoin Date: 2006Post Count: 243]

August 29, 2010 - 7:32 am

Thanks thats the one

[BennyteeParticipant@ten_burnerJoin Date: 2006Post Count: 243]

July 9, 2010 - 2:45 am

I have been using this crowd for the last 2 yrs and they have been great

http://www.strategicwealth.com.au/

[BennyteeParticipant@ten_burnerJoin Date: 2006Post Count: 243]

May 5, 2010 - 9:50 am

Hi Mdm,  I dont think there is an argument about which is better growth or cashflow

both have there uses, my mrs and I using a combination of both

we have 3 cash pos IPs an 5 (inner-city) that arent and the cash pos ones definately help offset the others
but I had some awesome growth on my inne- city ones in the last 18 months in Sydney..

[BennyteeParticipant@ten_burnerJoin Date: 2006Post Count: 243]

May 5, 2010 - 7:18 am

your assumption is correct until settlement the vendor (seller) keeps all income from the property weather the buyer put down a  10 or 99% deposit