Total Members: 148,398

willi

  • Borg,

    I am not overly keen on placing details of the property on the forum as I feel this is an education resource not something that should be used to ‘sell’ directly.

    I may be shooting myself in the foot that way but I don’t want to abuse this fantastic site which Steve and team have put together. If you are interested shoot me an email and we…[Read more]

  • Best of Luck !!! Keep us informed of future ventures….

    Pete

    …Beware of the dreamtakers…

    BTW – I was part of the MAP Program and am more than happy to answer and questions/comments you may have – Happy Investing…

  • willi replied to the topic Just starting in the forum Help Needed! 14 years, 6 months ago

    I agree – look at using equity to expand your portfolio.

    Pete

    …Beware of the dreamtakers…

    BTW – I was part of the MAP Program and am more than happy to answer and questions/comments you may have – Happy Investing…

  • willi replied to the topic Quick Question in the forum Help Needed! 14 years, 6 months ago

    What are you trying to achieve by selling?

    Are you looking to get a bag of cash you can use to invest back into property? If that is the case I can not see the benefit in selling a property which will result in CGT expenses etc when teh cash will be rolled back into another house.
    Selling the business could be a good way to get cash but you stil…[Read more]

  • willi replied to the topic Where to start? in the forum Overseas Deals 14 years, 6 months ago

    Have you thought of using a ‘bird-dog’? If you have surplus cash they can take the hassle of finding properties off your hands…

    Actually is ‘surplus cash’ and oxi-moron???

    Cheers,

    Pete

    …Beware of the dreamtakers…

    BTW – I was part of the MAP Program and am more than happy to answer and questions/comments you may have – Happy Investing…

  • willi replied to the topic Who are the sellers in the forum Help Needed! 14 years, 6 months ago

    I like the saying “speculators buy, hold and prey”

    Pete…

    …Beware of the dreamtakers…

    BTW – I was part of the MAP Program and am more than happy to answer and questions/comments you may have – Happy Investing…

  • When Kiyosaki talks about the ‘buyer’ being the bank I think (from memory) he is talking about vendor-finance. This is where the original proeprty buyer purchases a house and then acts as a bank and sells it to a new purchaser over a period of 30yrrs worth of monthly payments.

    Read: https://www.propertyinvesting.com/strategies/wraps.html
    It might…[Read more]

  • willi replied to the topic TENNANT PROBLEM in the forum Help Needed! 14 years, 6 months ago

    A trick you could use is to offer them $500 CASH to move out within a specific period. It does sound strange to offer a non paying tenant CASH to move on but it would be a lot quicker and most likely alot cheaper then paying a lawyer to follow it through.

    Pete

    …Beware of the dreamtakers…

    BTW – I was part of the MAP Program and am more than…[Read more]

  • ‘Un-conditional’ means the date in which the contract has no more ‘conditions’ to adhere to. Basically once the purchaser has no “out”.
    This is generally once finance is approved. Technically you possibly could argue that the contract is not ‘un-conditional’ as the reno work has not been completed, as that is a clause but you would be grasping a…[Read more]

  • I agree with Terryw – do the numbers because potentially the money you outlay to cover CGT etc etc could be MORE then the total interest payable on a redrawn loan over its first 2 -3 years. If this is the case it would be alot more cost effective. cashflow freindly and you keep still the asset.

    Cheers,

    Pete

    …Beware of the dreamtakers…

    BTW…[Read more]

  • willi replied to the topic Refinacing in the forum Finance 14 years, 6 months ago

    Quick Tip: You don’t always need a broker in your area – a lot can be done over the phone or the net.

    I have heard great reports on the broker associated with propertyinvesting.com. I have not used them personally yet so I am only passing on “second hand knowldege”.

    Cheers,

    Pete

    …Beware of the dreamtakers…

    BTW – I was part of the MAP…[Read more]

  • A lot of ppl confuse the two terms – I know I did for quite some time. But ‘debtdogg’ got it correct.

    Technically Postive Cashflow = cash in your pocket before tax(deductions)

    Where Postive Geared = cash in your pocket after[/] tax(deductions)

    Cheers,

    Pete

    …Beware of the dreamtakers…

    BTW – I was part of the MAP Program and am more than…[Read more]

  • The same situation applies in any state as emcdonald said. You have to check your lisitng contract.

    Cheers,

    Pete

    …Beware of the dreamtakers…

    BTW – I was part of the MAP Program and am more than happy to answer and questions/comments you may have – Happy Investing…

  • willi replied to the topic Raising the rent in the forum Help Needed! 14 years, 6 months ago

    Have you thought about coupling the rent rise with a “value add” that will in turn increase the value of the property.
    For example, putting in a new heater/air-con or re landscaping the garden. That way the tenants will atleast feel you care about them and not simply taking more money for the same service. That is something a lot of landlords…[Read more]

  • willi replied to the topic what is the best in the forum Help Needed! 14 years, 6 months ago

    The one down fall with units is that you generally don’t get any substantial land component – which is commonly the real value in a property.
    If it is purely a cash on cash (+CF) deal you are looking for then a unit could be a wise move due to lower costs and often less maintenance. Be mindful of bodycorp fees though.
    Simple keep in mind capital…[Read more]

  • The line up sure looks appealing.
    I just hope it is not a serious of ‘free seminars’ with a huge back-end upsell for thier individual courses etc.
    I guess I will see it for myself at the Melb event…

    …Beware of the dreamtakers…

    BTW – I was part of the MAP Program and am more than happy to answer and questions/comments you may have – Happy…[Read more]

  • willi replied to the topic where do I start in the forum Help Needed! 14 years, 6 months ago

    In regard to size of dwelling – take Mortage Hunters advise, it can often be difficult to lend against a small property. Not too mention reducing the size of your tenant pond as small homes only appeal to a small market.

    Pete

    …Beware of the dreamtakers…

    BTW – I was part of the MAP Program and am more than happy to answer and…[Read more]

  • willi replied to the topic Cashflow 101? in the forum Help Needed! 14 years, 6 months ago

    It is simply the best board game invented. I used to play it (202) every Monday night with a group of friends from 18 to 45 years old. The lessons learnt are fantastic.
    A must have….great holiday fun. I give it 5 potatous out of 5…..

    Pete

    …Beware of the dreamtakers…

    BTW – I was part of the MAP Program and am more than happy to answer…[Read more]

  • willi replied to the topic cashflow +ve in the forum Help Needed! 14 years, 6 months ago

    My suggestion would be to do the numbers on a situation when putting more then 20% down based on a Cash on Cash return.
    What often occurs is that by putting more cash into the property upfront to make it +CF it results in the cash on cash return being very low. Basically you want to make sure that your investment is atleast returning a cash on…[Read more]

  • Is Jenman ever going to grow up?

    Has he ever actually attended or heard these peoples seminars/material?

    I find it interesting that I have never heard Jenman actually review a product or seminar directly. He always seems to be reviewing the marketing material and/or media reports not the actualy substance of the information given. Is it me or is…[Read more]

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willi

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