OTP = off the plan.

Fraught with danger they say…..

Its a shame you have to sell. I love Hampton. I would love to live in that general area. But thats in my 5-7 year plan.

You will get very strong growth there.

Wraps are BS. What are you intending to do? I dont understand. Wraps dont work in good areas from what i understand. But i’m having a mental block – i should be watching the footy show

My replies.

1. I use PM. Never done myself. I dont want to hear the sob stories. PM can handle that.

2. Depends on # of properties with agents. As I have 2 with the agent it 5%. If I only had 1 it would be 7%.

3. I have public liability insurance and landlords insurance.

4. Yes. if its small i get PM to do it. If major repair I source…[Read more]

Can I ask what surburb, is it brand new, did you buy it off the plan, is it in docklands, what is the rough price eg. 500k, whats the expected rent, how many units on each floor, did you buy it from a seminar property company.

A bit more information, may allow us to give better advice.

Wraps. I dont know or believe much in them.

Ok. My advice is go to the local estate agents.

No such thing as a quick sale unless you are prepared to sell quickly at a price below market value to a vendor with cash or finance already sitting their waiting.

Hopefully its in Port Melbourne with Bay and City views.

The smell of blood on the streets already…….

Is noone worried about this?????????????????

What suburb and what about vendor finance at 4% for 20 years.

1. approx $1.3 mill
2. approx 700+k
3. 1 house (PPOR), 4 units
4. Mix of + and – gearing… oh wait, that’s offset gearing…

Started in 1997. Should have bought houses in hindsight. No secret – started before boom.

Loans fixed.

So you reckon Steve Mcknight is some god or something.

There is a tradeoff between positive cash flow and capital growth.

In the long term capital growth is what you need for asset growth.

What type of asset do you want – rural or city/suburb?

<<<<<Anyone in Melb willing to hire their property consultancy services out for a fee that is lower then the current buyer’s advocates of 2% of property purchase? I’d be interested >>>>

Why not do it yourself? I live in Melb. You know what area, type of ppor and cost of ppor you want to live in.

My suggestion – do it yourself – I am familiar…[Read more]

These are my figures;

Property portfolio values. Loans have not changed. Loans are my business.

Dec 2002 $1.180m
Dec 2003 $1.335m Increased by $155k
Mar 2004 $1.385m Increased by $50k.

Prices in my area of Melb have not really softened. I went to an auction on the weekend and there were multiple bidders.

And the main reason for the…[Read more]

<<<Dymphna Boholts’ “secrets of growing rich superconference 2004” >>>>

Dymphna Boholts is Ed Burton in drag. Both come from the same company ‘Breakfree events’ and the advertising material I received looks very similar.

Let me give you an example of buying in a Boom.

I recall that back in Oct 2000, I borrowed $10k and put the money into a BT Time (Technology)Fund. Do you remember those days when everyone was making heaps of money out of IT stocks.

At the time I invested, the unit price was 80cts after an issue price of $1. I thought – way to go – I am getting…[Read more]

Well it makes you wonder –

I recall that back in Oct 2000, I borrowed $10k and put the money into a BT Time (Technology)Fund. Do you remember those days when everyone was making heaps of money out of IT stocks.

In March 2004 its worth $3300.

I am not saying property will go down by 60% but it could go down 5-20% or remain flat for a very long…[Read more]

<<<I can’t remember the actual year, but I think officially baby boomers were born around 1942 and they retire in 2007. >>>>

I think baby boomers were not born in just one year. I think its more like those born between 1940 to 1955. ie sort of after WW11.

Go check out guru watch for comments on all these.

Personally I have always done my own research but I am an accountant and as I grew up my family worked in the building industry.

Read as much as you can and if something grabs your passion and attention go for it. But no more than $2k for a course. Anything more is probably BS.