If you are starting to make a business out of your ve+ properties why not approach the bank for commerical lending.

The other avenue that may be open to you is to approach your local solicitor and see if there are any solicitor funds that will lend to you as security against future properties.

If you have a track record and been doing it for a…[Read more]

For those back at work this week and not logged on during the weekend.

What did you guys do propertywise on the weekend?

<<<<<<<
– Purchasing a +ve C.F IP (good)
– Purchasing at inflated price (bad)
– Returns may be up to 15% C.F-wise p.a (good)
– Need to wait until the next boom to perhaps only just realise your price originally paid due to REAL property prices (with inflation removed) -(bad)>>>>>>

You have summed it up well. I have been trying to say this, but…[Read more]

I too am going through the same dilemma.

I have a great tenant (and thats what the other owners say too) whose lease has ran out and is paying $155. Its a 2 bed unit and the front one was asking $175 and the owner in a body corp meeting told me how much bigger my unit is. I think he probably got $165-$170 in the end as it was unoccupied.

I…[Read more]

Your entitled to your opinion and hopefully you allow me mine.

$1200 for 10 hours tuition with 120 people in a room is not value for money in my view.

But the market determines rates and there are obviously interested people around.

Thats it for me. I am Moving on to different topics.

Mini

I am not a non believer. There is always a place for ve+ properties.

I have a similar background to Steve. I too am an accountant. So I believe he is ethical and trust his intentions.

Its just that I think now is a very difficult time for ve+ and to charge people alot of money and they expect some rainbow is unrealistic. And then they…[Read more]

Chan said – Guru will come and go where as real investors will be around for along time.

I agree. Henry Kaye is gone. Who is next?

I just received the following – Break Free Events has just sent out a 16-page advertising spiel on their ‘Secrets of Growing Rich Super Conference’

Sounds like Dymphna Boholt is just Ed Burton in drag. The advertising material is ALMOST the SAME.

None begrudges Steve and Dave for the seminars. Its all market driven and priced accordingly. Lets see what the price and demand is in 2-3 years.

What most of us dont understand is what you get out of a high priced seminar that you dont get out of doing it yourself and by reading a few books on the subject.

We dont need to be told we are…[Read more]

He is going to the auction with me. Best get him started early.

Then we are off to the park and watch the local aussie rules team play a practice match.

If he does things I like, then its only fair I do some things he likes like running in the park.

You only wanted constructive comments so I was not sure how you would react to my comments.

1. Are you happy with yield?
2. No Car Parking unfortunately – that worries me a little.

So I dont know if you have missed the boat or not.

What boat are you talking about?

I have mainly bought 2 bed units. In hindsight houses would have been better.

A 2 bed unit described would be about $250k and rented for $200 per week. In Frankston a 2 bed unit in Sth Frankston is about $200-$220k and rents for about $160 per week.
If you could afford it buy a house as it had a larger land component but will cost more on a…[Read more]

Sounds like a good idea. You could have different pieces – instead of a car, ship, cannon etc you could have a Steve McKnight, Jan Somers, Henry Kaye, Neil Jenman pieces.

Rubbachook – looks like you got more time on your hands than me!!!!

[thumbsupanim][specool]

Thanks

I read the article. Just the same ole stuff the newspapers like to recycle.

I do believe prices will stablise or go down a little over the next 2-3 yrs. I am a long term investor so I am sitting tight and consolidating now.

I would not worry too much about a bore or pumping alot of money into the garden.

Do some minor landscaping if you have trouble finding a tenant otherwise I would not worry.

If you need a new tenant, ensure the garden is maintained and add a few shrubs and wood chips.

If you want the property revalued by the bank as you want to access more cash…[Read more]

When I played monopoly as a kid I always liked the red and yellow ones. eg Trafalgar Sq, Leicester Sq. Not the real expensive ones and not the cheap ones either.

Thats how I invest today.

I reckon that is a great idea. I wish I could do it, but am not really in a position to do so. Hopefully one day I will.

One of the benefits is the great building allowance and deprn benfits you can offset against your rent and other income.

You could also sell one property if you are over geared. But preferably it would be best to keep both.…[Read more]