Your finders fee of $10k ($105000*10%), then turns a positive cash flow property into a negative geared property. I have trouble finding a tenant in a great 3 bedroom townhouse in Sth Frankston for $160 a week. I dont need the hassle of a rural tenant for $170 per week.

Good Luck.

This is not for me.

Thats a similar yield you would get in a city. And you have better prospects for Growth in a city. If you have $250k for another property I would look for a unit or something with growth prospects in a city. Dont put all your eggs in the one basket.

If I had $400k to play with, I would sell the Bathhurst property and look closer to a major…[Read more]

Sounds strange to me, but I dont have any rural properties. Mine are only in surburbia.

Ask them why?

I love reading articles about income growth. As incomes go up so too does property as you need incomes to support property price increases.

It also means people can pay more in rents. As a property investor I want my share.

The other thing I like about income growth is that as my income goes up I can borrow more and previous purchases do not…[Read more]

Put all the cash you have in your PPOR, then when you are ready to buy an investment property you may be in a position to borrow 105%.

Your bank will know how much you can borrow.

I saw the piece on TT.

I was a little confused. Some have done it in 6 months. But thats holding real estate worth $1m not actually having $1m equity.

When does the program actually have a MAPPER having $1m equity?

I see that your down to 13 people. Investing is not for all but we understand that.

I will cheer when a Mapper has $1m in…[Read more]

I dont see any down side then.

But if my employer pays my rates for a property its subject to FBT surely.

The problem must then be in whose name is the property and how does it get financed. Companies have their own problems getting finance and would rather use borrowed money growing their business than investing for staff, unless I suppose its…[Read more]

That must be why they can share commissions between buying and selling agents.

Sounds good in principle. There are also FBT considerations to be bourne by the employer. Good luck.

I understand that in the US, real estate agents act for both the vendor and buyer. They basically work for who ever comes into their office. If a seller comes in they try to sell for the best price.

If a buyer comes in and says I want a 3 bed home, near schools, etc etc, they find the home and I understand its normal practice in the US to share…[Read more]

If thats the case, then surely its just a short term problem. I believe in market forces and eventually the market will determine the rate when supply = demand.

Presently you have a Big Supply of office suites.

Malachii

I tend to agree. I dont really think long term Avalon will succeed. I would have thought that there was still plenty of room for Tullamarine to expand.

The free parking is maybe the only thing that appeals to me. We live in aspendale and Avalon and Tullamarine are similar distances.

I also have my doubts that jetstar will last in…[Read more]

Mine is Frankston. They are now tendering to build the Marina. They have started to beautify the beach and there is now a restaurant at the life saving or yacht club (I’m not sure which one). They are building the movie cinema complex and there are many plans for 10 story unit developments in the CAD (central activities district). The…[Read more]

Redwig

I have bought and read one of her Books. I have the following issues with Margaret Lomas and her strategy.
1. She has not been investing all that long, probably less then me. I alos had the impressions she has less properties than me.
2. I have considerable doubts about her strategy of targetting new homes to take advantage of the…[Read more]

Yeah i got a couple of ve+ cash flow properties you can have. They are normally worth $150k but to make it even easier for you – you even have em at $110k.

Just tell me if I can make it even easier for you. Maybe I could do your assignments and sit your exams as well.

BIS Shrapnel issued a report last week where they expected prices to increase 9% in Melb and Syd over 3 years. So its effectively the same as inflation. But its better than a slump.

I tend to agree with their analysis.

I got this report from a post in this forum.

Its hard to put a $ figure on it. I have a long way to go yet. I still need my day job and I would love to be in a similar position to westan where I dont need to work for the boss but for myself.

Sounds like they are overvalued if you cannot find tenants at $300.

Who set the intial rate? Was it a developer?

I just read Ordinary Millionaires this weekend. Its about 14 orinary people who have all become property millionaires by using different strategies. All I need to do is finish the last chapter.

It was a great read. I will do a small book review this week and post to forum.

Steve ????