Neil Jenmans first office was in Auburn NSW. I applied through an add in the Telegraph back in ’97 and it was $52k back then….
The Jenman group had around 3000 replies to those adds. These were wittled down over the phone, then further wittled down after return phone calls, until 62 people were selected to attend the Wesley Centre in Sydney for…[Read more]
I was once told to bite off more than I can chew! Then chew like crazy!!
Our first property was a unit on Paradise Island on the Gold Coast at $190k and $210 rent in Oct 2000. It was “new” when we bought it, and it still looks like new today. However, we wanted to chew like crazy so we signed up for a block of land to build a new home on and rent…[Read more]
We have a weekender and used to have a block of land in the same street, which were both “Lot 5” but different DP/Subdivisons. We were selling the block of land for $25k at the time, and the buyers solicitor said it is mortgaged and you have to clear the mortgage first. We had mortgaged the weekender not the land!! And the old shack came in at…[Read more]
Thanks for the latest insider. Very insightful!
We have a number of houses and one unit, and until recently we had a block of land that was doing absolutely nothing except quietly growing in value while everyone slept around it! We paid $19k for the block 5 years ago with the idea of building our new holiday house on it as it was a…[Read more]
Get rid of any debt you can before it accumulates! How long did it take to save your $1300 (now $1700)? Your $1860 will grow to $2480 immediately and continue to grow……However, Can you find a property that will generate the income to pay for your education? How much do you save per week now? You could find a property that gives a positive…[Read more]
Hi little elves!!
The first Property Seminar I attended cost me $4000 and I dreaded paying out that much money to anyone when I could least afford it! However, I went! That was 3 and a half years ago and at the time we had 3 properties, our home, a weekender and a block of land. We still have all three as well as 5 more as rentals. Our loans total…[Read more]
Do you still have any loans owing on the 5 properties?
If you don’t you can use the titles you have (or the equity) as security to purchase a heap of positive cashflow proprties in the name of a company/trust, however, speak to a good accountant/structure spacialist. My wife and I have just set this up through The Mint Group in Sydney.…[Read more]
JohnO. Why not sell it at a profit on completion and use the profit to purchase positive cashflow properties instead. Why keep losing money week by week when you could be making money week by week? As the saying goes a positive is always better than a negative! You will have CGT to pay at the end of the tax year, however, you have a bit of time to…[Read more]
My wife and I attended Dolf de Roos Property Investing Weekend in December, (I attended 18 months earlier) and we have gathered a network of a few individuals from the event who wish to keep the momentum going. We have a list of 19 at present and they come from NSW QLD VIC SA and NZ. We will encourage each other and help those…[Read more]
Hi Everyone!! This is my first go at this forum.
Congratulations to all who have given up the dreaded weed! Just remember to reinvest the same amount in your financial future by way of education or buying more positive cashflow property with what you would have spent on smokes.
As for my wife and I, we recently set up a company/trust for our…[Read more]