I dont know anything about off the plan – but for inspections I have used Archicentre.

http://www.archicentre.com.au

Give them a try. They may steer you in the correct direction.

Good luck.

If you feel you really need help. Go to the investors club and buy a property through them.

They do it all and learn what they do.

NO-ONE is going to show me the money.

You got to show it yourself.

You got to start somewhere. Buy a small 2 bed unit to learn the process. Thats how i got started. I never had a mentor. Most people here…[Read more]

I too keep getting the newsletters. I like to read them.

However I am dubious about the prices and quality of these properties and reckon its better to buy your own than through a marketing/marketer ‘club’ like them.

I know they focus on Qld. But if your really keen on Qld go there and buy your own.

Me – I agree with all the stuff in the…[Read more]

Jenman suggests 6 weeks – I agree. Some time ago my brother signed a sales agreement and by default it said 90 days. Thats a bloody long time and I recall with my brother that he had a disgreement and he could do nothing till the time expired.

Six weeks should be enough time to market a property.

Does he still do his own seminars? If I had a free ticket I would make the effort. I think he is one of those very well known international motivators. Eventhough he was associated with Rivkin on some of those late night infomercials.

As for kids travelling – we are currently in Canada (East Coast) and it took us nearly two days to get there.…[Read more]

Why not do both – live in it long enough to satisfy the FHOG and then rent it out.

Peter

I am currently in Canada. I have just finished the Book. I have now read about 20 books on real estate. This is the best I have read. There is a section about positive cashflow properties and the current state of the property market. Unfortunately I am at my father in laws and the book is at my wifes grandmothers. But when I get the…[Read more]

it bubbles along

And I am the tooth fairy. When i grow up I want a university education, 150 rental properties and a chick in every city of Australia.

I want to be able to kick a footie with both feet and play golf of 5.

I want to learn to drive, I am sick of riding my bike and checking out real estate. My pocket money of $5 does not allow me to borrow much.…[Read more]

I reckon you should view the property. I am an investor not a gambler.

OR – You can do what i have done in the past.

Bought a 2 bed unit near my PPOR on interest only 100% geared using PPOR as cross colletral. Cost me about $600 a month. Got a tax refund of $4000 per annum. Put that on PPOR.

As property grows you can decide whether to sell investment or keep it.

I dont know – but thats what the tax commisssioner reckons it should be. Hence the building allowance thats deductible.

I dont worry about it in my calcs. I just borrow more if any new maintenance needs to be done. I dont let it effect my bottom line.

<<<<<Apparently (according to GM) the only connection he ever had with him is when GM took HK to court (not for any relation to being an associate) and the matter was resolved with an out of court settlement.>>>>

And you believed him. My understanding of the case was that Henry Kaye owed him for commissions. Mihos was a salesperson for Henry…

How long is a piece of string – only you know the condition of the place.

This is a great question and a tough one to answer in the current climate / property cycle.

When prices are on the rise, its a good idea not to worry too much about the PPOR. You can borrow on an investment property and pay interest only. As the investment property increases the loan on the PPOR does not seem so high.

But in this climate you…[Read more]

I usually get a building inspection done before I do an offer. That way I can negiotiate a price. But first I get my dad or brother to look – they are in the trade and can spot things I cannot. As Kay says I am more interested in structural/major problems.

I remember when I first bought my place about 10 yrs ago now. I was shit scared. I…[Read more]

I would ensure its insured. Whats a hundred bucks for a few months insurance. Whats a hundred bucks when an asset is worth over $100k.

Freak things happen. Not worth the risk in my view. Especially if its unoccupied. Some kids could show up and decide to light a fire.

Dont sweat the small stuff.

They dont sound like show stoppers to me. You can fix surely after you purchase.

You will probably keep up with inflation, but thats about it i reckon. Unless they find diamonds there. How much gold reserves are left. Is Sons of Gwalia there? Did they not just go under because they underestimated their gold reseves.

I doubt there would be much land content in a unit in kalgoorlie.

What will your investment be worth in 5…[Read more]

<<<<buy a cheap +cf prop in woop woop>>>

I am not sure if Nathan is serious or not – probably not – those that buy ve+ dont use the term woop woop.

I would never buy in woop woop. Dont waste your hard earned money on a crap asset. Save a little more and buy a quality property. Only invest in quality assets I reckon.

While your saving – go…[Read more]