Hi John and bardon ,guysYes mate I think yr right in regards to the valuations.I think it depends who you use too.I had a valuation done on one of mine at $45K but on the market its impossible to get this much for it.I have tried for 12+ monthsI just had a realtor value it apparently as "realistic sale price in the market"and she says 20K…[Read more]

Hi Bardon,good to hear from you man !Spewin yve lost out man big time.It has been a huge learning experience for me also,I ended up breaking even on my last 2 in buffalo but have another one im considering luquiidating at the moment for around half what it owes me.I might try your agent next.Bardon Hope everyhthing else in life is good for you…[Read more]

hi Dasheed,Welcome mate!Dont assume you cant buy cashflow properties anymore.They are stil around. We purchased a property this month for $22K that needs a rehab but will rent for $150 per week after $40K spent on it. This area is getting good capitol growth also.But cashflow properties are not the be all and end all.These properties attract work…[Read more]

Hi Christine ,welcome !!The postcode 78242 includes a lot of different subdivisions eg,Indian Creek,Gateway Terrace,Lackland City,Sky harbor,Hidden cove,Dove valley estates ,Ridge stone,Valley hi etc etc.So Its important to have a good look around and check out the area "on the ground"actually being there in person.Then you know what yr buying…[Read more]

Hi Linkinpark,thats not good mate,can you share a little of what happened for us?

Hi Emma,good on you for going for it!I love nsw west and have a few properties out there. There are good sections in dubbo,bathurst for sure just do yr homework.I also believe wellington(props a bit cheaper too) and orange will go ahead in the next few years due to the biggest jail in aus in wellington and orange has a new highway and hospital…[Read more]

Hi Sdem,Sometimes when we make a loss mate evn though its tough at the time,later we realise it was a blessing in disguise as we learn from it so when we deal in bigger numbers down the track we dont make the same mistakes again. I have learned alot about people too through deals i have made losses on.         Anyway as far as a positive cashfl…[Read more]

Hi mate,no probs at all !Married life is great thanks man but my little wifey was in a head on car accident a couple of weeks ago.Praise God she is ok ,it makes you appreciate every moment definately!On the topic mate Michael s site is http://www.michaelplaks.comhe has some good advice on there for related issues also.Just remember thought that Micky is…[Read more]

I cant help you with an aussie accountant that does returns in the US but i know an experienced US accountant who specialises in property acounting and teaches on it to investors all over.His name is Michael plaks.you can find many recomendations for him on http://www.houstoninvestorforum.comMichaels email is michael@michaelplaks.comand his ph is 00 111…[Read more]

Hi Wiley,hope yr well man!I cant help you with an aussie accountant that does returns in the US but i know an experienced US accountant who specialises in property acounting and teaches on it to investors all over.His name is Michael plaks.you can find many recomendations for him on http://www.houstoninvestorforum.comMichaels email is michael@michaelplaks…[Read more]

On the buffalo subject,I advertised a couple of mine on the local buffalo investment club website.It is http://finance.groups.yahoo.com/group/nyccf_buffalo/It may be worth a go for u guys??!!  Woo    , Corey that sounds pretty serious mate. It sounds like a few issues there man,I definately feel for u man ! I cant comment specifically on yr situ…[Read more]

Hi guys,thats a shame that overseas has not been positive for you. it  can certainly be very difficult to keep properties maintained/managed from over here,i can vouch for that definately.Cory , thats no good that you are having a few battles! I know Chad well though and know his no1 goal is to do his best to look after people. i know that he on…[Read more]

Hi Guys,Yes definately you need to get on the ground and check out the deals.You cant possibly get a proper feel for an area or value in a deal without being there physically.But you also need to do alot of research aswell.Be careful of the websites that give u property values.Most often these are very innacurate.Take yr time before u begin buying…[Read more]

Hey there mate,Yes we are all waiting to see what happens there!If you havent checked out the info on the topic at somersoft here is one of the links.http://www.somersoft.com/forums/showthread.php?t=30831&page=8all the best manluke

Hey guys,yes hornsby saw capital growth of 9% last year and alot of it is new units in there these days,There are those little one room studio apartments (older build near the station st,next to rta)that you can pick up but i would personally look elsewhere  to that block.Weaponx yr definately on the right track and you wont have a problem…[Read more]

Hi Tara,thats really frustrating when they dont consult you and go aagainst yr word! That is more the point than only taking $5 less per week.         As for me i would rather lose 2 more weeks rent but keep my cashflow on the books as the $5 to $20 higher amount per week as this is what the bank looks at each time i re fi to buy another proper…[Read more]

Hi guys,That quote is powerful hey colin! I was so blown blown away by what that young girl achieved and her level of faith in her short life before she got tragically shot.Her ministry today impacts hundrds of thousands of lives all over the world,as her dad goes around the world sharing hope!Its powerful!any way in regards to the new site…[Read more]

I would try keep it and use equity if at all possible especially if a boom is on its way.

How about placing an add in the local paper of the area you are wanting to purchase in.(looking to buy )I get tonnes of leads this way because it cuts out the whole rest of the market as yr the only buyer.

Hey goldcoast girl,i would personally stay a renter and buy an investment property at the same time,(as soon as you have saved 10 or 15%dep)so u are saving up equity as you go.otherwise what happens is (with many people) there is always something that will get in the way of buying aproperty as things  never run fully to plan in lifeso find a pr…[Read more]