Just get a good local estate agent.

Serious Investors source properties. If an investor wants a property they go to the local agents, discuss their requirements with them and even leave their details.

I dont see why you need to advertise at all.

Thanks Wilandel

Thanks for your comments. One day I can see myself going to meet guys like you, richmond, henry kay and monopoly.

Thanks for your honesty Kay. Thats why I respect your posts very much.

I believe its fair enough that moderators and mappers etc are part of the team and get admitted to the seminar for free.

At least I know now whether some people are going because they paid the money or whether they are going because they were offered a free ticket as part of…[Read more]

My understanding is that any deprn claimed reduces the cost base when calculating the gain.

eg. Cost $200k
Deprn claimed during life of peoperty $10k
Selling price = $250k.

Gain = $250k – ($200k-$10k) = $60k Gain.

Please correct me if I am wrong.

Leigh K said –

<<<<<<Must we always do this. fYi, I have parted with $495.00 paid via visa online. I do have a receipt will that be necessary?>>>

Well its important to me know who is going because they are part of the team or really parting with their money because they feel passionate about it. I can evaluate your posts in a different light…[Read more]

I dont buy for depreciation purposes.

I actually prefer to buy older places. I feel it works out the same if not better to buy an older place. When you buy newer you pay more anyway and for a worse position.

As an example. Lets say you can buy either.

1. An older 2 bed unit in Mentone – 18 kms from city. OR
2. A new 2 bed townhouse in…[Read more]

I subscribe to the Australian property investors magazine. I also learn alot from here.

Leigh K, wilandel, minimogul, jetdollars

How many of you guys are parting with the $495?

It would be good for future participants to know who is part of the team and who are actually parting with the folding stuff.

We dont want everyone to think that some of you guys pay to attend this course when you may in fact be part of the team presenting…[Read more]

Yeah the kids have nanna and grandpa to hassle tonight. I hope they sleep in alot later than normal tomorrow morning.

Mines all gone now

1. Sewing Machine $400
2. Two tickets to formal ball tonite $200
3. A great dress for my wife. $300. Boy does he look hot.
4. Bought a suit in the Myers Sales $300. Got it for half price. Take an extra 25% off the already discounted red ticket price. plus shareholder discount. You beauty. shareholder card finishes end of…[Read more]

Hi

4 – 1 PPOR (almost outright), 3 1P (All neutral to positive now) Sold one a few weeks ago to capture some gains.
39 years old
8 years in property investing.

Now raising two young kids (3 and 4 yr olds) with my wife. Only one income. I am conservative accountant.

No hurry for next investment. I will wait for a few more interest rate rises.…[Read more]

I agree with Baloo. We are at a point where interest rates are on the rise. As interest rates rise property prices fall as the cost of owning them goes up.

Read the following article in todays Age –

A potential interest rate rise will be back on the agenda when the Reserve Bank board meets next Tuesday after the release of figures showing a…[Read more]

Me personally thinks there will be better opportunities in the next 12-18 months.

But as Jan Somers says about timing whats important is –
1. Time in the market (ie. hold for as long as you can) and
2. Buy whenever you can afford it (ie. its financed correctly – got a decent deposit etc).

So in other words it does not matter when you buy.

The Article said

The quarter-percentage-point increase in the federal funds rate will likely be only the first of many rate hikes over the coming months as the central bank returns interest rates to a neutral level.

The vote in the 12-member committee was unanimous. All twelve Fed banks also requested an increase in the largely symbolic discount…[Read more]

Do you work for Wakelin & Wakelin?

I have read the book Streets Ahead and its the other extreme to McKnight. ie. within 10kms of city to ve+ cash flow regional/rural.

I invest bewteen Streets Ahead and McKnight. But in the long term I favour the Streets Ahead theme.

It would make no difference at all. Who looks at the state Trustees web site anyway to buy a property.

I would prefer to have a home sold by an agent of one of the beneficies than just the state trustees appointed one.

Who would really want the job.

They need to do the following;

1. Richo is a good player but his body language in a team sport is shocking. Sort it out.

2. Get players who can kick to a player not the opposition. Rodant, kellaways, gasper, krakaouer, chaffey, zantuck the list is bloody endless.

3. Get some aggro to get the hard ball – get rid…[Read more]

“I will sit tight for next 6-12 months.”

Do you mean you’re not intending to buy more property for that period?

Yes – I am going to sit tight and see how interest rates in the US go over the next 12 months.

Surely you keep an eye on the market and would snap up a CF +ve bargain if you found it?

In the markets I invest in – CF +ve is hard to…[Read more]

My thoughts on Jenman.

Is he a #%%3%? I don’t believe so – but he is not squeaky clean either.

Let me preface with my experiences.

1. I have sold via auction?
2. I have also read the book ‘Don’t sign Anything’ Its my little bible on selling and dealing with estate agents.
3. I often read all his articles and refer to his web site often.
4.…[Read more]

I would try a landscaper in the first instance. Maybe a plumber may be able to help as well.