Great idea Matt!!

Why not build a web site and call it “the young investors club”

You can build a community where people all over the world can join in.

You can build a team of licienced qualified independant professional alliances who r under 30 – solicators,real estate agents,developers,accountants,conveyancers,etc etc all helping each other…[Read more]

Experience doesn’t matter in my opinion but the numbers (roi) do.

Sounds like you have done your home work and have applied some laterial thought based on your reading and market research.

Great job in my opinion good luck and if you proceed please give us an update on the project.

resiwealth

I’m with Mike – clarity of the project would be good.

what is it
when did you buy it ($xxxxx)
value 2day ($xxxxx)
how big is it
what is the current zoning
will the council approve multi dwelings on it
where is it
whats it next to
near by transport?
distance from cbd
current growth of the area
value of similar properties in the area
what is your…[Read more]

I believe that investment cycles in real estate can b compared to other areas of investing as well.

In the stock or share markets we see people making profits in up cycles – side ways cycles and downward cycles.

Many big developers are nervous in upward trends because they know there will always b a correction – the question is when. Its easy to…[Read more]

Hi Herks if u r just starting out as it sounds u r then go to a library or down load from this site what negative – neutral and positive gearing is all about.

Opinions r like belly buttons – every body has one – do your research and find what your passion will be for property investing.

Property is more than just houses and positive gearing…[Read more]

Wouldn’t it b interesting if we made a list of all the areas that HAVE NOT boomed over the last 5 – 10 years and then studied them.

Maybe we could have a master class of regurlar posties to comment on each area close to them from the selected list and then predict the next boom suburb based on research and collected stastics.

Who’s…[Read more]

Hey Tony any update mate …

resiwealth

OK here I go, based on research I did on this since 1930 the next upswing, not boom will be 2008.

Our next problem is 2011 onwards when 25% of the country start to retire (baby boomers) this is also when the next recession is predicted.

More people will start to down size and diversify their investments over the next 3 years due to a change in…[Read more]

I’m laying lino in a new project (residential) it is made by a company called FORBO and has a sound proof rating 6 times better than carpet, fully anti slip with a great range of finishes. I have chosen a timber look alike and believe me it looks beautiful. Its very expensive but what the heck.

resi

The only people that have a problem about people who have money are the ones that don’t have any.

Good uses where money goes is;

Churches
Father Chris Riley
Cancer research
Education etc etc

You see if you don’t have it you can’t give it and the whole world will collapse

resi

I’m with dereck too, reduse debt on PP and invest with strong cash flow…

resi

On the GST question, if there is a five year rental guarantee in place then the agent is responsible to ensure that the tennant is GST regristered.

I would also ask for a personal guarantee as the out goings are covered in the 245.00 actually I personally think that a 128s/m property should be higher that this.

resiwealth

Yep good advise from Dazz & Simon … in the mean time seek out a certifier (local) to front the council and see what the potential is.

allow for the costs of storm water and detention basins as they are very costly. On a 2 storey house allow $50,000 extra, very hard to add this to the value in the end product.

resiwealth

GET LEGAL ADVISE … and read previous posts on this topic as it has been well covered.

resi

Hi Roy, heed the roar of the distant drums …

Yes but!!!!!!! if you read the Fin Review on Saturday you would have seen the terrible debt that young australians are into.

We are the WORST per head of population in the WORLD for debt, come on guys some thing has to give.

I am a positive person but I have also experienced 19% interest rates. JS…[Read more]

Hi Dazz

I have just completed and sold down a 35 lot sub-division in Crestmead QLD.

Next year I am working on cutting a hill side block (130acres) in half which over looks Laguna resort in the Whitsundays.

It is 600m back from the water front and 30 – 80m above sea level with 270 degree water views looking out to Hamilton and Linderman (club…[Read more]

Sorry Dazz I just had to reply to this ….. because it once again makes no sence which is consistant with the author.

Resiwealth

Hi Dazz … no I don’t think so but after being through a rough time in 1990 – 1994 one becomes a little more careful. Luckerly I have sold all my development stock and will have all the money in by june 30 06.

I believe in the lower end stock as bread and butter 4 me and my group although I am working on a 300mil site in the whitsundays for the…[Read more]

Do you think that being in one area you could feel comfortable to change to another.

resiwealth

If you are new to investing over the last 4 years and have not been through a property down turn you are in for a surprise.

If you have geared your investments over 90% IMHO you should be very concerned especially if the interest rates rise by 1%

I had a loan in 1991 of 250k and the interest rate was 19.33% the only difference from then to now…[Read more]