Hey there Ricky Hope Yr well!

Yes Buffalo is a great place.It is so huge with many opportunities!
Prices have noticably risen even in the last 4 months! And I really dont think it is possible they can go backwards as they are so low!I would say to people start small and go from there and balance west new york out with other areas aswell.

I…[Read more]

Quakers Hill is a good area and will do well long term,
but I know Riverstone (just nearby) has dropped a fair bit in the last 6 months.
If you are happy to cover a big mortgage in the short term for growth a fair way down the track I would say do it, but I wouldnt buy there now.

I have done a few commercial deals around the hills(norwest and…[Read more]

Hey Pipeliner,

I would invest the 2 grand if i was in yr situation in the bank(its safe)at about 5.5% (st george directsaver gives at call availability with no penalties but you may need 5000 to qualify??)anyway
keep adding to it every week by working strongly 6 days a week in yr job.
Then once youve got say 15 K I would go to lender with yr…[Read more]

Hello Pipeline builder,
Sounds like u r a young fella wanting to retire early?!
This is great mate!
It can be done!
I actually have only worked part time since age22.
I had a passive income(approx half the average wage) at age 27ish and now at age 31 am fairly close to being able to retire.
The vehicle I have used is working mega hard from the age…[Read more]

Hey resi wealth,
I actually think thats a bit general.
Its very hard to box in all investors to a category like that.
A person may have a bit of all those levels depending on the situation and deals.

Dematio

We’ve got 70 yrs on planet earth,Lets make the most of every day!

Hey guys,
Can I be a part of this!!
Yes I can vouch for Westan and Alvins honesty and Integrity BIG TIME!
I have dealt with these guys and attended their first tour to the motherland Us of A!!
The tour was Awesome !
I have been investing in property for 10 yrs in Oz myself and doing +cashflow for 6 yrs.( semi retiring at age 27.)
So I wont listen…[Read more]

Go Buffalo!

It is definately a gold mine !
Don’t miss out guys the opportunities will be gone before we know it!
Ha Ha I love stirring people up!
But seriuosly don’t underestimate this are untill you go and have a look for yourself.It will surprise you

All the best
Dematio

We’ve got 70 yrs on planet earth,Lets make the most of every day!

Hey Resi wealth man,

It can be a hassle if their is only 10 to $20 a week + cashflow in the old houses.It doesnt take much to have a $500repair bil in a 12 month period.
But in saying that you usually get a bit of capitol growth each year on top if you buy wisely.
Their are deals out there delivering better returns than this.I would say to yr…[Read more]

Sorry Danny I misread yr post slightly.

It depends how much equity you have and saving history and positive cashflow coming in from yr portfolio.

Some brokers will do no docs loans at a much higher interest rate even if you have very little income.But these will cost you.

Dematio

We’ve got 70 yrs on planet earth,Lets make the most of every day!

Hey Daniel,

Good on you for going for it!

I have only worked part time since age 22.It is great to be free to do property deals and just enjoy life,without rushing every day.

Everyones case is different as to how much income you need to go part time. In my case I have lived off around $500 odd dollars a week. I obviuosly dont have any…[Read more]

Hey there Bexi,
Sounds like you ve got some pretty wise friends from yr post!Ha Ha.
Its great to see yr on the forum mate!
Blessings
Dematio.

Sorry Voigstr,

I meant To reply to Clones

Dear Voigstr,

Just A little Faith goes a long way!

Regards Dematio.

Hey Mate,
You can try Mark at Independent Valuations.
0408231220
He is Based in Sydney but he may have connections in Melbourne.
He is The best I have ever used!

All the best
Dematio

Hey Thomas,
Have you thought of using maybe 1 or 2 split units (reverse cycle)?
I have fitted a couple of these units(hitachi pump-AUX branding) to house and shop.They are very fairly priced and any A/C fitter will fit them for around $450 to $550,possibly a deal done to install 2.
The company is Air Conditioner Importers and they have sold alot…[Read more]

Yes
Soloman, a trust is the way to go if you are going to do more than a couple of deals.(it does cost a bit to run, ie accountants fees.)

What happens is you set up a new trust then you set up a new Pty Ltd company(one which hasnt traded before.
Then the company becomes the trustee for the trust.Then you as an individual (having a good income on…[Read more]

Hey Guys,
I would say that not too many will keep investing in NSW for a while as the Taxes are a killer!
I just payed $9600 Vendor tax up front on a sale (which included $900 odd of tax on top of(gst)tax.I am yet to pay the CGT also still to come at tax time.
There are much better returns out there around the world!
I actually believe we should…[Read more]

Hey eNelson,
Maybe try and meet these kids where they are at.
I would maybe try again to speak to them about how hard it is for you guys and those surrounding the carpark when they smoke up the tyres.
Then maybe offer them all free tickets to the Summernats if they give you peace?
Just a thought
Dematio.

Hey Harp,
No, you do not have to pay GST on top of purchase price if the property has a tenant currently in it at time of transfer.

All the best,
Dematio

Hey Zucan,

Go The Commercial!
Dont let anyone tell you no!
I do both and hands down have found commercial better.
Just maybe look at regional areas to start with if you dont have equity,but if you have dont be scared just do yr research thoroughly!

Regards Dematio