First step is to work out how much you need.

You need a cryitical mass of 4,000,000 (4 million dollars) to generate an income of 2,000.00 per week.

D

Dear RJ – this is not a sky is falling post,

Property investing is NOT a get rich quick strategy as any expert or long term investor will tell you. Unfortunately there have been so many GURUS who sprout how to do it but the truth is there are no NEW ways to get rich quick in property and in fact if you stuff up you could lose everything you…[Read more]

If u want to get top results when renting or selling don’t go cheap go for quality,

IMHO – Dulux

D

SIMPLE, I agree with you however it depends in Brisbane where you are talking about.

Ipswich Shire, Coomera Shire and Logan Shire rents have droped due to the massive amount of investor stock being released onto the market at the same time.

Collingwood park sales of new homes are at about $350,000.00 but valuations in these new suburbs are down…[Read more]

Hi all,

I posted this thread not to be negative but to be more informative. Many times i see or hear about people wanting to get instant results in property.

We have just come through a massive boom and a some what correction. With that said Perth is defying all odds and QLD is still very strong in selected areas around Ipswich and Logan. Also a…[Read more]

Told you so … where are the experts now?

Read the articles lately (today) all the experts that said property was about to bounce back are hiding under ground getting ready to put another twist on their previous statements.

OK for all those people that say rents will increase lets have your vote, because i think that the rental market could get…[Read more]

as for the general public being worried about interest rate rise for me thats good, as it
Gives me less competion.

Origionally posted by Grossrealisation

Gross i am concerned you posted this statement, because for a big time developer like you i would be most concerned with how the general public feel about interest rate rises and investing. If…[Read more]

Hi Foxy!!

How much do you need to move forward

What is the security ie; 1st mortgage

Can you give personal gurantees

D

I’m with GMH on this one,

Lets look at some of the problems,

Renos; this is a great strategy and is not new, however there must be a BUYER willing to pay what u want at the end of the project, so you must either purchase extreemly well or produce some amazing wow factor.

DIY developer; this is a favoutite strategy of Metropole however i…[Read more]

Yes Paul i agree,

On another note a very respected mentor of mine who has been in the game for many years (he is 65) believes in his opinion the we won’t see another boom in Australia for 10/15 years but rather steady growth cycles instead.

D

Interest rates are to go up or that is the prediction, so assuming that they do this would mean that property prices will fall as people that are over committed will be forced to sell.

If these rates continue to increase towards the end of the year then the average mun and dad must be packing death, oh well why not put it on the credit card …

D

To Ozi,

Valuation was 1.4mill sale price not at Auction was 1.835mill – no mortgage.

Regards D

Peter you are rich in my eyes – good on you for getting in there and doing it – YOU WILL do well i am sure, all the best to you …

D

OK i’ll be different,

SELL now for as much as you can, give the property a face lift to get the max dollars back.

OK you have a tax loss which can be off set against a capitol gain.

Go find a decent investment for a bargin price, do a cosmetic renovation and sell for a profit.

Claim you previous loss against the profit and move on to the next…[Read more]

Yes i’m with Craig i feel i’m on a roller coaster ride with Gross not very motivational for me and very confusing in his explainations.

Gross are the deals real ones or just hypo’s

D

Every site is different and the baulkham hills council is not the most pleasent to deal with.

1…Why 700m/2 why not 350m/2 which is common in that area now.

2…Why not town houses, get the DA and flick it to a builder or investor.

3…Why not a block of 3 storey walk ups.

Go see an architect …

D

No scokar lots of people here don’t own any properties at all even some of the oldies only have a few if that.

I think there is a lot of people who want to keep their assets quiet for what ever reason, even if they don’t have any.

I bought my first property when i was 19 and didn’t know what i was doing. If it wasn’t for my older brother who was…[Read more]

And all of that it’s interesting that while on my last visit to QLD last week there is a drastic shortage of regrisrered land which is pushing prices up and they are talking a mini boom again in the sunny state up north … any body in a buying mood?

D

Hi all i’m back from rainy QLD, thaks for the interesting replies.

As well as looking at the results of our retired parents who are living in fear of losing their pension card benefits etc it’s interesting to see just how few actually make it.

I mean ask yourself just how many people you know who are well off compared to the people you know who arn’t.

D

No Foundation you are not a loser, you are honest and at least know where you are which is far advanced than most people.

I attended a seminar a little while ago where the presenter said that all we have to do is own our own home and one investment property outright to be in the 5% wealthiest people.

I thought <edited> how scary is that are…[Read more]