Jimboomba as an area has been held back by the Beaudesert district council. The reason being that Jimboomba has been itching to grow, but Beaudesert would…[Read more]

For the increase in income you get from doing a degree should more than compensate for the what you have to pay back.

If you say earn 60k straight out. You pay 4.5k to govt for HECS. This comes out of your pay at the end of the week. The amount you pay back is on a sliding scale. At 40k, you pay 2k. Below 35k, nothing.

If you take the year off, you lose the difference between what you could earn, and…[Read more]

basically i have 10 g’s, fulltime job and looking to create weatlh asap! i just want to get in there and start!

Then the best thing you could probably do is get in there and start reading, or start learning *somehow*, tapes or seminars or something. Books just happen to be a really good source of…[Read more]

Branson’s Virgin galactic will soon be offering 2 Minutes in space for $US 200,000. He’s expecting 50 passengers a month. They have been swamped with enquiries.

I think people would go crazy for an opportunity like this.

im sure, if he’s dumping $500 mil of his own money into this that he’s done quite a bit of due diligence. [biggrin]

Im sure not my issue is gearing…? Obviously it’s going to be very negative until development finishes.

I see that my issue is not using the full leverage potentially available to them (he may have crappy servicability, but assuming otherwise). Unless I am not understanding you correctly.

I can understand the points raised by others.

It’s only through slip ups that shoddy practices like conflicts of interest and so on are brought to the fore.

One of the reasons I asked.

</reading book ‘real estate mistakes’>

Im seriously straight. Married even. Straight married. [biggrin]

Is there a particular approach you would take when seeing one, as to not just be seen as ‘yet another property investor’?

Assuming his is the case.

[suave2]

I just would have thought the risk would be worth it. But I guess as the property is IN development they may not have a cashflow. Or, if they do have money set aside for repayments, any overruns in time is going to hurt profitability.

If I had a million:

– I could get a loan for 5million.…[Read more]

Not that there’s anything wrong with that! [biggrin]

unannounced [suave2]

Win-win agreements are ideal, I personally dont believe you should ever consciously make a win-lose deal. Though the point I was attempting to make was when something changes and the contract is referred to, most likely in the case of termination. The contract is…[Read more]

Im speculating on what some other guy has done of which I generally do not think was the best thing he could(should) have done. I conceded that the One thing he may have done right is put all of his eggs in one basket. Which is one investment philosophy that Buffet subscribes to and has made him the second richest person in the…[Read more]

Would being that close be a good or bad thing?

I would think for people without cars it would be nice. Though, the noise still could be a pain.

Yes, I agree. Though, it would be nice to see that investment was seen as being ‘The Way’, rather than something that only a very small percentage of young people do.

On the friends/family point. Yes you can write contracts and involve solicitors. But, the problem is that if it ever goes to that point, sure there is a clear…[Read more]

I am suprised that with his education, youth and family history that he did not use the capital he had to gain more funds to appropriate a greater portfolio. *Especially* because of his education. Because he didn’t take on that additional ‘risk’.

Though I applaud the decision to put all of his eggs in one basket. Those who have read on…[Read more]

I get your point. I did not consider it from a security point of view. Though, being 22 and having parents who are likely to be rich anyway, I would have thought he’s be up for a little more risk.

That being said, I would gladly accept 600k capital if anyone was…[Read more]

More so a comment on topic. But hey, Im sure I could find something not to like about you. (Bush supporter? [biggrin]) Official enemies! [thumbsupanim]

Back on topic. Being a renter it is almost a silly question. Though obviosuly not every one has rented and sees…[Read more]

People generally congregate on topics that they enjoy or interest them, like a sport or something that serves their self interest – like property investing!

Being a tenant is a state of not having enough money or financial stability to purchase a house[for the majority]. Generally not something people see as being…[Read more]

You know, I would make a decision and say ‘OK, im going to get healthy, going to exercise’ then go overboard and be sore for a week. And then it would just slip out of my mind. Or…[Read more]

ShaunW,
Great site, I found some interesting articles about a post-workout drink.

redwing,
Good idea, it should help me find out what works. So far I’ve realised that a recent change in my…[Read more]

I guess I could distill it down to a single question:

`Is there a workout that specifically focuses on improving energy?` – rather than just being an after thought.

If I wanted to look like Arnold in…[Read more]

As everyone knows, exercising on a regular basis throws off that sluggishness that you get when you dont, better sleep etc. I’ve been doing this for a several months now, but within the last couple of weeks I’ve really knocked things up a few notches doing much much…[Read more]

Oooh, that’s pretty sneaky.

Is that taking advantage of a loop hole that states that tax is based on % ownership, or lazyness on the part of the Tax man?

Surely this would pretty dangerous if it were the latter?

Why…[Read more]

Obviously IP is investment property, but the rest?

We solved the problem by allocating different tenant in common percentages to each place. Have one RIP (100 / 0), have the next (99 / 1), the next (98 / 2) etc…

Im not quite sure I am understanding what you are saying here. Im understanding it…[Read more]

It is my belief that strategy is dependant on the current environment you are working within. And if the market is in a growth period wrapping units in medium sized town perhaps isn’t going to be the best…[Read more]

Those that are probably more strategic might spend more time researching areas beforehand, then spend time finding a suitable property in that area?

Could there perhaps be a condition that the property become the buyers PPOR for those $10,000 properties.

Having people snap up a bunch of cheap properties just to rent them out doesn’t seem to do anything for boosting the population. Unless of course the houses were abandoned, so they have to give them to someone to rent…[Read more]

I take it this is repossesions due to the owner defaulting on rates? Is that an obvious question?

If this is the case, at what point would this happen? Surely the council isn’t going to go in after one missed rates payment? Maybe a couple of years? 10% of…[Read more]

I was wondering how people found it?

I’ve only read a couple of books [like a million other people] and have the desire to purchase property [like a million other people], so I am wondering if I should learn a little more before hand.

To me, it appears as though previously property was purchased for capital gains and so regional areas were pretty much left alone. Some time during this most recent boom, a much larger bulk of people…[Read more]

obiwan, I just finished reading Steve’s first book and in it he states:

The preferred weapon in the fight to achieve capital gains return in Australia, New Zealand and Canada in something called Negative Gearing – pg…[Read more]

Ah, I should have looked for that one. Sorry, I only starting reading the forums [and the book] a couple of days ago.

http://www.news.com.au/common/story_page/0,4057,11756316%255E952,00.html

Brisbane area here! [to be completely off topic]

Chance favors the prepared mind.
Im unannounced.

Being my first property I would think I would be looking for something that had a greater rental…[Read more]