Some will start to feel the pressure if interest rates rise between 1.5 to 2%.

I know I would not be too happy if that happened. And I am fairly conservative, but my loans are fixed for 5 years.

I know I am paying a little more but at least I can sleep at night.

Sydney is like the good looking skinny blonde. Looks good but is an air head.

Melbourne is more like a good looking brunette who is slightly plumpish. You know a Megan Gale. But she’s got personality, charm and life.

Who would you rather spend all day with. Not just a couple of hours in bed.

Are you comparing Steve to property spruikers now?

I thought Steve has more integrity than that, thats why I am a big wrap for what he does.

Just not at $1000 for a day session with 120 other people.

But if people are prepared to pay that, so be it – I believe in market forces.

Leigh

As a moderator, are you really parting with $1,000 to attend on Saturday?

Maybe its price and value for money. Its only my perception.

I would be prepared to pay the following –

$1,000 – A classroom with 10-15 people ok.
$350 – A seminar with 120 people.

Maybe 120 people in a room is your definition of value for money. I am a shy and retiring type. I have a passion for property investing.

There are many strategies…[Read more]

I did a course with work called “The seven Elements of Negoitation”

I cant recall if it said “the first person to mention a price always loses”. One of the elements is to look at standards – in your case market rents.

So obviously they had a higher value placed on the property than you or you did not do enough research to find the market rent…[Read more]

I think I used him once as well. The paperwork is at home so I cant check but it rings a bell.

I got him to do one of my properties and he told me not to worry about the others. He seems an honest type guy.

He was fairly busy and I had to wait a few weeks, so he must be good/popular.

There have been multiple posts on this topic. Maybe people are a little bored answering multiple times.

I used to use Property Mananger Pro but have now upgraded my PC and lost the CD or disks.

Now I just use excel for my 4 properties. It gives me the same info I got from the other one.

Let me do some sums that you may learn at the conference or by reading the Book

Rent 120 people at $1000 = $120,000

Less Costs

Rates – room Rental for Day = $5,000 (probably not even that)
Handout Costs – stationery, photcopying $5,000
Staff on day – security $5,000
Other incidentals $5,000
Marketing Costs $5,000

Net…[Read more]

At $1000 I am not going. I’ve other good things to spend the money on

Its the Developers that are going to suffer the most!!!!Therefore it will be better buying opportunities for those who can back out and buy at market value now.

If the ivestor is able to get out of the contract then Mirvac will have to sell the properties at a market value and may not make as good a profit in the future.

I dont think it will have any adverse effects on other Melb residential markets.

I recently went on a cruise through the docklands. Long term when all development is completed I reckon…[Read more]

My aim is not to pay out loans but have a LVR ratio that I am happy with as long as I can sleep at night and afford repayments. To this end I fix alot of my interest rates on my loans.

The key is to have as many assets working for me as possible.

And this requires debt.

I agree with the following example by Big Ben he used on a different post…That growth is better than cash flow.

1, Capital gains of 7% on $200,000= $14,000
Capital gains on $30,000 rural = $0
Income losses from neutral geared property per annum
$0
Income gains from +CF rural area per annum say $2,500 Ie it takes 6 years to make same gain as 1…[Read more]

I totally agree with Big Ben. In the long term you are heaps better off. Sure it depends on your income. For people with a reasonable income, the purchase of growth properties is the best strategy.

If you have no income or a very low one then you need to build a ve+ cash flow properties and treat it as a business and this means doing your own…[Read more]

Bring it on!!!!!

Good to hear from someone who is older and been around longer than I.

Thats why I am sitting on my bum and doing nothin.

My strategy is one of growth. Good quality properties that I know will always grow in value and have reasonable tenants.

My plans – consolidate and wait!!!!! I dont want to be like the HERD. I will bide my time.

I have already bought and am not buying now. I dont want to be disappointed in 3-5 yrs time by buying a cash flow property that is…[Read more]

Purple

Actually I never looked in the paper when i rented. I always went to the agents and got a copy of their rental list. But I got the agents to modify the desc of my property on their rental list. And low and behold it was rented within a week.

My advice.

Save a deposit, go to bank ask how much you can borrow and buy something near home even if its negaive geared.

As it grows in value you can buy your next property etc etc.

Property investing is not an overnight sensation.

I think that is the main issue that people do not relaise with cf+ properties. Thats why I dont really like them.