also, you should do thorough due diligence on anything you buy from westan or anybody else. Not because he is untrustworthy (he is), but because he may have overlooked something or because that particular investment may be good for him but may not suit your goals etc

check everything out!!!

We buy properties in Adelaide. Immediate Cash…[Read more]

your post may be interpreted in a number of different ways and may lead to another offensive reply if taken in the wrong context!!!!

We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
bricksnscience@optusnet.com.au
phone 0412 437 582

what do you mean by position?

We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
bricksnscience@optusnet.com.au
phone 0412 437 582

hi diggo,

you are doing very well for a 16 year old. How much you need depends on the price of the property you want to buy usually around 20% deposit. Have you talked to any mortgage brokers? It may be worth scheduling a meeting with one and having a chat about what you need and what you are able to borrow. I’t wouldn’t cost you anything to talk…[Read more]

keep everything documented in a journal and keep pamphlets of property that you looked at. Show all of this to your accountant at the end and they will be able to determine what is deductable.

We recently claimed an entire 2 week trip to NZ, but we visited agents and looked at property everyday and came back with a few written contracts to buy.…[Read more]

I back that up, I have also known Westan for a long time. I have met his wife and kids in NZ and he is a very genuine and honest person. He is also very astute in business but very ethical as ozi said.

Mad-Cat, I don’t think you could go wrong with him (or his brother Alvin).

We buy properties in Adelaide. Immediate Cash Settlements, No Real…[Read more]

good stuff,

that’s what your meant to do, get creative!!!!

We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
bricksnscience@optusnet.com.au
phone 0412 437 582

great attitude and good luck!!!

We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
bricksnscience@optusnet.com.au
phone 0412 437 582

I sometimes come across deals in Adelaide that I assign to other investors, please send me an email if you this is the kind of thing you are looking for and want to be included on a distribution list.

We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
bricksnscience@optusnet.com.au
phone 0412 437 582

look up westan, minimogul and don and liz from this forum, they come across positive cashflow property in NZ (and the USA for westan), that they assign to other investors for a finders fee.

We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
bricksnscience@optusnet.com.au
phone 0412 437 582

I can’t see why it would be possible since no one actually agreed to it. If you just bought a new house and the neighbour told you to pay half the cost of a fence they put up a month ago, would you do it?

We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
bricksnscience@optusnet.com.au
phone 0412 437 582

that’s what I think too. I usually don’t go beyond informing the tenant that they are in arrears and asking them to make good. If they don’t, they have the choice to leave and I then focus my energies on the next tenants.

I find conflicts and tribunals very counter productive and sometimes just prefer to cop a loss and move on, but that’s just…[Read more]

we have very comprehensive tenant application forms that ask alot of questions about money, jobs, pets etc, like what steve uses but adapted for our specific circumstances.

will you ever retire from property investing?

We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
bricksnscience@optusnet.com.au
phone…[Read more]

I don’t believe that there is a uniform 10% drop in all properties everywhere, according to aust prop investor magazine, it is hitting mainly the inner city appartments and mainly in Melb and Sydney.

I’m sure some savvy investors were cashing in at the top of the market, but not all. Just think about it, if you bought property for cashflow and…[Read more]

oh, is that wiat investment detective does, I was wondering about that.

We use dolf de roos REAP for analysis and find it to be very thorough.

We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
bricksnscience@optusnet.com.au
phone 0412 437 582

do banks actually follow a logical protocol?

I don’t think so!!!

We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
bricksnscience@optusnet.com.au
phone 0412 437 582

settle down, take a deep breath, spilled paint is not worth crying about.

Soon you will have your rental property, learning to handle these problems is what will make you a great rather than average property investor.

It’s not an easy job, tennants even like to test you, I recently had a phone call from my new tenants complaining that the 3…[Read more]

its funny reading this, a few weeks ago, I spent almost 4 hours on the phone trying to chase up a title to settle a new loan. The title was sent from one bank to another and no one knew where it was, I was also told to go and pick a new one up in person. 3 weeks after settlement, the title just appeared and they informed us that they now had…[Read more]

Hi P

It depends on when the properties were bought and how much gross rental yield they have. People are definately hurting, especially those that bought off the plan appartments at the top of the market cycle. There are some appartments 5K from where I live that were sold off the plan for $900,000 and have been appraised for $730,000 on…[Read more]

Hi F

I can understand your frustrations and I used to be the same. It’s one of those things that you need education to be able to spot. Positive cashflow properties can be created anywhere and everyday, but they just don’t jump up at you. you need to make them by creatively solving peoples financial and housing problems. Please keep reading,…[Read more]