Disagree …Find a $600k house in an old suburb and renovate it for sale do this 10 times … that's how we started and it is tax free …Stay away from new suburbs … it is the great Australian dream !!!You can do it the others are wrong trust me … or don't and look back 20 years.

Firstly are they licensed … ???Ring TDFT in your state and get the details on the buyers agency guidelines …Give the names of the sales people and the company details to the ASIC … ACCC … and the DFT and get these people checked out.You can make money just as quickly as they can take it off you.Good Luck … oh my FEE is 3% as a licensed…[Read more]

Get proper legal advise I have a great contracts lawyer k2law.com.au but be prepared to spend between 3 – $6,500.00 in legal agreements which are required …

The greatest gift we can give our children is education and how to understand and clarify "information"It is not a wise choice to walk into a raging fire with a positive attitude – chances are you will get burnt.I tell my daughters to only deal with credible and honest people who can prove at least a 10 year track record and never trust anybody…[Read more]

The asian term is called a "Dead Cat Bounce"!. hahathanks for that RHS

Lucy the GOOSE wrote;He mentions an investing technique where you for instance borrow an extra 50,000 when buying an IP so that you can meet the interest repayments on the property without being out of pocket. This sounds very attractive to me who doesn't have a lot of spare cash and would struggle to make the difference between the rental income…[Read more]

Thankyou for yr one honest or first post glaucus …WARNING:Any person dealing with an unlicensed company buying an investment product has no protection in a court of law and will not get their money back.The ASIC – ACCC – TDFT will fine these people then tell you that you were stupid to deal with such people in fthe first place – thats after 2…[Read more]

 Well I still don't believe you but I will answer your question – You are retired engineer with little cash … you said you don't have a lot of spare cash and would struggle to make the difference … aaahhhhhAND YOU think that borrowing (if u can get the  money from the bank in this economy) an extra 50,000.00 which is a stupid high risk s…[Read more]

It amazes me how new members come in to defend a new thread … who are you …If you read the opening statement he talks clearly about $50,000.00.Aus M … give me the details of yr amazing property and I will pull the records and post it on this forum.It is amazing how GOOSEY and MAVERICK joined around the same time or are these people two of…[Read more]

This is easily solved guys,Ring the department of fair trading and give the names of the people in the sales process … every person !!!!!!!Are they licensed to sell investment properties … are all the sales people LREAs … what is is their financial services number for giving financial advise … ring the ACCC … if they say they have PS 146…[Read more]

Correct and you must also consider the tax credits associated to the investment as well …If u buy a new property the first 5 years have the greatest tax benefits and then that diminishes down to 40 years …If the property is second hand use Steves 11 second rule … search.Borrowing extra money in yr circumstance is stupid in my view but if you…[Read more]

Yes I have seen this on units and houses …So this is not a ballot it is based on your personal decision ??Do you have a DFT registration number ??As I know every person this site is totally honest and transparent … what make you to be such a good judge reading from a letter about people you don't know including me … very clever way to make…[Read more]

First of all you have to borrow the $50,000 over and above the bank valuation or against other assets.If you have other assets why do you need to borrow the extra $50,000.00These strategies do not work in a credit crisis or low interest rate market.If the property is valued at 400k how do you borrow 450k when the banks are asking for 80/90% lends…[Read more]

Yes a great idea that a lot of people are getting into including education, you can buy a digital camera on Amazon and upload to youtube … even real estate agents are getting into this because there are buyers in other states or countries that will buy over the internet and the real life video makes it that much mre real and down to…[Read more]

Daniel thank you for this video,This is an example of a real estate company with a brain and who understand how to look after a rich client.This video is slick, professionally produced, and can be viewed from anywhere around the world.A real estate (licensed IPA) company I do some work for has been doing this for 3 years … youtube videos … it…[Read more]

Hi Crest I tend to agree with you,I talk every single day to real estate agents and finance companies especially in my job.Property management companies appear to be doing fine but in outer locations the commercial vacancies are increasing and in particular one well branded name I deal with has a 48% vacancy rate on their current book. This tells…[Read more]

Ipswich yes but look for 2/3 year old stuff on realestate.com.au Stay away from Collingwood park it will be impossible to sell in the future, go talk to Herron Todd White valuers. Ask for a black soil report and think of resale when buying in this area.Deal with local real estate agents and not property marketing companies.Doral is a great spot…[Read more]

OK so here's the go from inside my mind.I don't think about growth I think about cash flow.I do my calculations on the property not going up in price at all.If I own a 200k investment and the cash flow is paying out all the debt and not me then in effect some one is paying me 200k over time.If the property goes up in price then this is a bonus,…[Read more]

Bluegrass I totally agree with you …This government is getting into more debt by supporting and investing in such schemes …Why doesn't the government teach people how to save from an early age instead of spending tax payers money to support people who can't save … this is housing commission gone wrong.Wallace D'Wattles wrote a book in 1904…[Read more]

Hello Andrew u r an ASSET to this forum and what a wonderful company u r working for … D