Its the fact the purchase price was not disclosed to the buyer.

I dont wrap. I acknowledge there should be a premium on top of the purchase price for taking the risk and lending to people the banks wont touch.

But in my view that premium should be disclosed and agreed upon.

Peter – thats good advice – I agree. Its similar to the advice offered by Jan Somers.

Steve is more into the positive cashflow properties from rural/regional areas which have a lower cost, positive cash flow at the expense of growth. Thats fine if you got no income and want to start from nothing.

But in my view – buy quality properties that…[Read more]

If its a quality property keep it, even if there is some short term pain. In the long term quality properties are better than rural cheaper ve+ properties.

Read under the Guru Forum – Peter Spann. I invest his way.

Go read some of the stuff about auctions on http://www.jenman.com.au

Information worth reading and digesting.

What tenants really like is value for money.

What is the picture? What about mentioning something about income – like on a modest income.

If your a couple and have a combined income of $200k and own half your PPOR you could probably buy $1m of property easily.

Beachside of rail – not much under $550 – $600k.

On the other side of rail in mordy the prices have gone up too. There are some good period homes and there are some large blocks. They are a bit cheaper and prices probably range from $350k to $550k.

Depends what you want. My aim over the next 2-5 yrs is to buy beachside of rail between mentone…[Read more]

Depends where – beachside of rail and nepean hwy.

Hey Dave

Are you any relation to Raintownlady?

Her only post had been on this tread?

Hey Raintownlady

You got anything else to add to propertyinvesting.com?

Does anything else interest you?

How do you get around the island? Where do you work? On the island or mainland? How long you been investing in property?

Cheers

Yack

Ok. I have property down pat – well in my opinion anyway. I have read many books on the aubject and have a portfolio of properties in auto pilot.

Now its time for me to investigate shares, options and share trading – where do I start, what web sites are worth looking at, whats a good beginners book for share trading, what forums are…[Read more]

Marina in Mildura – how is the surf?

I reckon its slowly turing to a buyers market. Hopefully rates will rise soon. It has twice in the US since our last rise. I too am looking at purchasing in the future.

Better opportunities in the next 12-24 months. I am saving my pennies now and consolidating loans.

WHY??????????

If your going to spend several hundred thousand dollars, whats a few thousand dollars in going there yourself to investigate.

Is investing away from your home that much better than near home.

Good to see you on the forum.

I really enjoyed your Book. I read it about 4-5 yrs ago. I look forward to getting your new book for xmas.

I have not done your course – well for that matter any courses. I dont believe in paying more than a few hundred for a course.

But I see merit in your approach. Instead of trading shares/options – i have a…[Read more]

Or you save a BIG FAT deposit.

I want capital growth properties. Sure there are short term pains with negative cashflow then over time they grow and become cash flow positive.

As property investing is a long term proposition – I prefer capital gains.

But there is nothing wrong with a portfolio of both.

I just got my rates notice yesterday on a property.

Site value
2003 $220000
2004 $ 280000 valued at 1 july 2004.
ie. up 27%.

But the home is still worth what it was 12 months ago. The home i reckon is worth $360k and was probably the same 12 months ago.

I am in Melb.

In this market – its not relevant too much. Prices are always more than the site value and capital improved value.

Have you reviewed the description the rental manager has used to describe your property on their rental list.

I had a property that we were both dumbfounded on and then I changed the description and low and behold, they were banging the door down to get in.

There Ad –
Situated in a quiet pocket of South Frankston is this two bedroom plus study…[Read more]

You sound a little one sided Colio – your only posts to this forum seem to only relate to richmastery. Can you not contribute other stuff too?

Are you not a property investor first and richmastery advocate second.