Search found 13 matches

by kathryn
Sun Jul 29, 2012 8:12 pm
Forum: Property Investment Forum
Topic: Mentoring Program ?
Replies: 2
Views: 13260

Re: Mentoring Program ?

Hi Nicra,

That's a very impressive portfolio of 3 if you have done that all by yourself. I'd imagine great times ahead if you were to sign up with a mentor.

I'm a property investor myself and wanted a mentor, but like yourself found the cost to be significant, so I invested a lot of time to meeting with like minded property people who were on the same path.

I now run a property networking group call Property Entrepreneurs Network (PEN). We are in Sydney and have a variety of people from beginners to advance property investors, many who have had a mentor, if not 2 or 3. If you would like to meet up with us, you can find us at www.penmembers.com You may find someone in PEN who has been mentored by the company you were looking to sign up with.

Happy Investing

Kathryn

www.penmembers.com
Building Wealth Together
by kathryn
Wed Jul 11, 2012 5:37 pm
Forum: Property Investment Forum
Topic: Can you still buy the Great Australian Dream?
Replies: 0
Views: 57007

Can you still buy the Great Australian Dream?

Do you have the Great Australian Dream? A quarter acre block, house with a big backyard for the kids and room for backyard cricket, a BBQ and maybe even a pool? If you do, lucky you. You are in the decreasing percentage of Australians able to say this in major cities.

This dream is becoming harder to achieve in many many ways. Even though Australia is huge, we like to live around the coast and in major cities. With Australia’s population increasing rapidly and the supply decreasing, development applications decreasing, banks tightening developers purse strings all lead to a shortage in supply, meaning property will continue to increase in price. Think it’s hard for people to get into the property market now? What will it take to buy in another 10 to 20 years. Where will everyone live? What sort of property will they live in? Will they be able to afford any property at all in the same way that we can at the moment? Will investors play a major part in the property market instead of home owners?

Australia’s urban sprawl is widening to try and keep up with the increasing population. Some council areas are allowing a lot of multi levelled dwellings be built where single houses use to stand. Entrepreneurs are splitting larger Great Australian Dream blocks of land into 2 smaller blocks, so that 2 families can have their part of the dream, just a smaller part. Developers are building wherever the council and the banks will allow them to build, however much smaller properties. All of this points to the Great Australian Dream disappearing.

What can we do?

Happy Investing

Kathryn

Will the children of today be able to buy a Great Australian Dream? I hope so, but I doubt so.
by kathryn
Wed Jul 11, 2012 2:33 pm
Forum: Property Investment Forum
Topic: Property Solicitor or Conveyancer in QLD
Replies: 2
Views: 18211

Property Solicitor or Conveyancer in QLD

Hi Everyone,

Can anyone recommend a good property solicitor or conveyancer in QLD. I've worked with 3 in the past and they were all useless, so I hope someone has one that is decent.

Thanks in advance

Kathryn
by kathryn
Wed Jul 04, 2012 9:52 pm
Forum: Property Investment Forum
Topic: Real Estate Investment in Queensland?
Replies: 6
Views: 20651

Re: Real Estate Investment in Queensland?

Hi JimBo,

I was at a seminar last weekend and the Gold Coast and Surfers were brought up. The large developments within South East Queensland are apparently being built with overseas investors in mind, giving the market the wrong properties needed for the area.

This could mean that Surfers ends up like the Gold Coast with an over supply and the property prices may slump. I would research a lot more. Good Luck :-)

Happy Investing

Kathryn
by kathryn
Wed Jul 04, 2012 9:45 pm
Forum: Property Investment Forum
Topic: A Different Negotiation Technique when making Offers
Replies: 1
Views: 11058

A Different Negotiation Technique when making Offers

On the weekend I was at a property seminar and I heard a strategy that I had never heard of before when it came to making an offer on the property.

Traditionally when you make an offer to an agent, this can be done verbally and a phone call can be made and a yes or a no is decided. Some people will ask for some conditions to be added to the contract, however this is sometimes when the vendors feel like they are at risk and don’t accept the i offer. However if all goes to plan after that conversation, then the paperwork comes out.

I have over the years heard of written offers with a condition or two attached by not numerous offers at the same time. Cherie Barber suggested giving the vendor 4 options on what they are will to agree to sell their property. If the property was on the mark for $650000 your offer may look like this.

Option 1 –$600000 unconditional

Option 2 – $620000 with building and pest reports plus bank approval

Option 3 – $640000 with building and pest reports, bank approval, early access and minimal deposit

Option 4 - $655000 with building and pest reports, bank approval, early access, minimal deposit, 5 months settlement and DA approval.

Now of course the vendor is going to want to have the $655000, but 99% won’t want to agree on the terms and conditions, hence there are the other options. So they may need to consider the other options. Has anyone done this option strategy before?

Happy Investing

Kathryn
by kathryn
Mon Jul 02, 2012 11:26 am
Forum: Property Investment Forum
Topic: Should you or shouldn’t you ‘stage’ your property when selli
Replies: 1
Views: 10708

Should you or shouldn’t you ‘stage’ your property when selli

I have a property for sale at the moment in Western Sydney and it has long term good tenants within it, paying market rental. I know that the market is ‘flat’ in most pockets of Sydney and that it is a buyer’s market, but my property has been on the market for nearly 4 months!

However I was speaking to a developer on the weekend, as successful developer I may add, and he said that my problem wasn’t the property, it was that it wasn’t staged, hence buyers wouldn’t buy. Staging or furnishing costs thousands of dollars, and I definitely agree in a new build home or an empty home on the market at above the price bracket of $600K or so it would make sense. BUT for an investment property with paying tenants this is not possible unless they are moved out...

Does anyone have any advice on this? Or has anyone been in the same situation?

Happy Investing
Kathryn
by kathryn
Mon Jul 02, 2012 11:08 am
Forum: Property Investment Forum
Topic: Do you follow a SYSTEM in your property investing?
Replies: 0
Views: 56378

Do you follow a SYSTEM in your property investing?

As a property investor you want to achieve the optimum result. However there are investors who decide to invest and go out and buy the first thing that they look at they like. Do you know what your criteria is?

However all successful and serious property investors have a SYSTEM in place to find properties that meet all of their criteria. You as an investor need to have criteria for the type of investment, the returns, the financial and the most important thing of all is the exit strategy, how are you going to use the investment to increase your wealth.

The word SYSTEM stands of
Save
Your
Self
Time
Energy
Money

With a SYSTEM in place you should have a successful property portfolio or become a property entrepreneur using a SYSTEM that the gurus have put together for a guided ‘recipe’ to success. Of course there are many different ways to invest in property, buy and holds, renovations, development, house and land packages, options they all have their own positives. There are many systems on the market that are able to ’guarantee’ results, it's up to you what action you are willing to take. They are able to do this, due spending years developing their personal system. With their SYSTEM you are able to save yourself time, energy and money. I personally have use a gurus system and if definitely works.

Happy Investing

Kathryn
by kathryn
Sun Mar 18, 2012 5:45 pm
Forum: Property Investment Forum
Topic: Property Investment Tips of Michael Yardney Useful?
Replies: 9
Views: 88627

Re: Property Investment Tips of Michael Yardney Useful?

Hi Everyone,

I've seen Michael Yardney's one day course and yes he does charge for the day, but I find that he is very knowledgeable. Of course you need to take whatever all 'gurus' say with a grain of salt, as they all have an extra course, book, mentoring program, etc that they wish for you to join, but this maybe what you need as an investor.

However it you are serious about investing and you walk away from the day with just piece of information that a seasoned investor recommends that makes you thousands of dollars, then is $90 a lot to outlay?

I guess it comes down to taking action with information that is available out there about the property market, both free and charged, and then piecing it all together with more research and applying to to your property investment strategy.

I recommend to talk to like minded investors in Sydney at these seminars as well as other Property Entrepreneur Networks and on forums like this to get your head around any questions.

Kathryn
by kathryn
Sun Mar 18, 2012 5:33 pm
Forum: Property Investment Forum
Topic: How Risky is Property Investment in Mining Towns?
Replies: 4
Views: 13498

Re: How Risky is Property Investment in Mining Towns?

Hi Everyone,

If you're a property investor, you need to have a strategy to build your wealth. If your strategy is to buy and hold and sit on that egg for retirement, then mining towns are not your best option.

However if you're looking for cash flow, mining towns may be your answer, but you need to get into that market before it becomes too expensive to buy, eg Port Headland, unless of course you have a spare million dollars in your pack pocket.

OR

If you're savvy enough and know how to research up and coming 'boom' mining towns and you're looking to build your equity then mining towns may be your answer. Once there is enough equity you can use that to invest somewhere else that will become a blue chip steady investment.

Ask other investors as well about their experiences, read magazines and be up to date about property, shares and natural resources.

I hope this opens questions for discussions.
by kathryn
Sun Mar 18, 2012 5:14 pm
Forum: Property Investment Forum
Topic: How You Can Be a Property Entrepreneur and Create Wealth!
Replies: 2
Views: 11031

Re: How You Can Be a Property Entrepreneur and Create Wealth

Hi Everyone,

I've attended many of these property seminars over the years and yes there are many systems that are available for people to buy and follow, but it's not as easy as the 'guru's make it out to be, but I have seen determined people create massive wealth when they applied action.

First of all the 'guru's did start at the beginning and have put these systems together over many many years. They have been through many tradespeople, solicitors, accountants, friends and family members support. I've personally have found that by the time that they have a system and are out in the public speaking arena they have ex students that find them deals and only need to choose one or two projects a year to live the lifestyle that they have created for themselves. Plus they have the entrepreneurial income of the courses that they run.

So good for them! We all need to make some action and follow them as role models. If you have a successful system, I agree, get out and market it and be the mentors that people need.

All 'gurus' have had mentors over the past and I agree this is important part of building your network, plus they hang around with other like minded people. I personally hang around with property people in Sydney at the Property Entrepreneurs Network (PEN) and the Meetup group for property investors. I find that there is a large variety of people from beginners looking for some guidance to investors looking for JV partners.

Maybe I'll bump into one of you along the property track.

Kathryn
by kathryn
Sun Mar 18, 2012 4:39 pm
Forum: Property Investment Forum
Topic: Property Virgin Seeking Advice for a Prosperous Relationship
Replies: 2
Views: 10633

Re: Property Virgin Seeking Advice for a Prosperous Relation

Hi Mandy,

I'm a property investor myself, who started my portfolio when I was 24. I remember my first purchase, I was so nervous and I thought that I was finally an adult! It's a great feeling to know that you've just started your future wealth creation path.

First I would recommend that you start to read read and read some more information on property investing. Start with property magazines that you can find at the news agency, read books from the library.

Then either find a mentor that can help you guide yourself though a transaction or find like minded people to network with who can give you the right contacts for your professional services you will need, as well as learn from their mistakes and successes.

I go to the Property Entrepreneur Network (PEN) regularly and have found many other property investors, ranging from beginners to season investors. You should check it out.

I hope this has helped.

Kathryn
by kathryn
Thu Jul 22, 2010 9:39 pm
Forum: Property Investment Forum
Topic: Property Development
Replies: 1
Views: 10044

Property Development

Hi Everyone,

I'm working on finding a development site within Sydney that my partners and I can either subdivide or add value to the land and apply for a DA (Development Application) for townhouse, etc. We've been searching for months now, it's like finding a needle in a haystack!

We have contacted owners in one local council area with land sizes over a minimum size, as well as any in the area that are for sale at the moment. However we either find that the vendors are just greedy and asking for too much, or the feasibility comes up short!

Has anyone been success with finding a development site? How did you find it? Were you able to negotiate the price of the initial land down and by how much? And did you work on a 20% profit margin? Was your experience a positive one? Would you do it again?

Please share your experiences

Kathryn
by kathryn
Thu Jul 22, 2010 9:29 pm
Forum: Property Investment Forum
Topic: First Investment Property - Help Needed!
Replies: 4
Views: 16583

Re: First Investment Property - Help Needed!

Hi Jasmine,

Well Done for deciding that you’re going to invest in property! For your first purchase it’s always confusing, intimidating and hard to make decision on, however it’s all worth it! I’ve personally bought 11 properties and it’s a great process with the right team around you.
You first need to talk to a finance person, such as a mortgage broker, who will be able to chat to you about your options are with your financial situation at the moment and start your pre-approval process.
After you have found out the amount that you’re able to spend, then you need to think about the area that you wish to invest in. When you’re looking for a suburb you’re looking for great transportation links, both bus and train, schools in walking distance, shops within 5 minutes drive, 10 minutes walk, and if possible close to universities, hospitals, parks or other pluses that will bring in tenants to live in your investment. Always remember that if this purchase is an investment, then it’s not for you to live in, the act of property investing is a numbers game that needs to add up.
Once you have found the suburb/s that you’re interested in then you need to look at your budget and see if you can afford a unit, townhouse or house. Their all have their cons and pluses, however the younger the age of the property will allow you to claim back expenses on the building and permanent fixtures. You should talk to your accountant about that.
Then it’s time to hit the streets, study the local papers, the internet, the local real estate offices to see what is on the market at the moment. Don’t buy the first thing you see! Look around, find out what other properties have sold for in the last couple of weeks, start to find out what certain properties are selling for at the moment.
Always have a solicitor ready to read any contracts that you offer on. This way you don’t need to rush around when you get an offer accepted.
I have more information on investment properties at http://yourpropertyhunter.com.au/blog/?p=17
Good Luck
Kathryn