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Like the way u think Dave and she is a real cutie! Only problem is her husband also works for me and sits next to me everyday so I might pass on giving over the number :cool:

Paul could you please explain that in more detail

G'day Kennyjaiz, Sorry for the delay in getting back to you, just got off the plane from Vegas, my god what an awesome place to spend a week (but probably not much longer) wish I went there when I was single. It is amazing a place that appears lawless has no visible signs of trouble. So many...

put u down for $10m;) Do u use a mortgage broker, if not get a good one (min 5 investments him/herself). I think buying cashflow + as a way to increase serviceability is a myth really. Lenders assess above market interest rate and only take a portion of rent so not many u could buy would...

Cheers Mate, We all move the pace we are comfortable with, your strategy is a good one and will work long term for sure! My life strategy (laziness) of leaving things to the last minute means i will have to work all night to catch up on work before i leave in the morning for a weeks...

You r right Farmilor no cash down, i am borrowing $700k to buy it. Will throw $60k into offset account and let it pay itself for 5 years, as long as it is worth more than $700k in 5 years i am in front for putting no cash down upfront and nothing ongoing except the NG tax break i think it...

Thanks Guys :) Rental estimate is $530-$550pw and I bought through a BA as i have found NSW real estate the most difficult and frustrating system in the country! They did a lot of work, missed at three auctions so glad they will now get paid as they deserve it;) Cheers BT

Finally! http://www.homehound.com.au/listing/details-popup.php?id=12350671&pos=12350671_01 Finally got a piece of Sydney, paid $600k which is $100k more than if i was not so lazy last year. I was determined to get something in the market as I still think it has a fair bit of growth...

Jaycee it refers to the stage in the property cycle of. We had a bit of a discussion on that in some earlier posts, general consensus was 6 o'clock bottom of market 12 o'clock top of market so starting to move so pat 6 but still some room before 12 is the ideal. Cheers BT

Hi Profit, The initial offer was $575k and it was accepted, they were offered $580k so I went to $582k which was again accepted but then strata report came in. Issue is the body corp requires a $7k contribution by June from each unit for renos. I like this scenario as you often get the place...

Yes think your right there, any distant prospects of growth? I have one there which went straight up for 12 months, but has not moved at all since based on valuations. cheers BTU

Thanks Tess, So API are using a different clock then? You can't be at 2pm on a clock that only goes between 6 -12. Anyway people's thoughts on this would be interesting especially cities like Perth and Darwin, Hobart etc. I will only rank the cities that I am researching at the moment...

Hi Tess, What does each stage of the clock represent? I would have thought Melb was ahead of Syd in the cycle. BTW for those that were asking the property I was trying to buy has fallen through ( again). It was in Cammeray, BA thought the strata report was unacceptable. Very frustrating...

Hello Skater and Profit, I will post details once the vendor signs! It was due to go to auction but we have put in a bid early that has been verbally accepted. I am in Sydney today and tomorrow so am going to go and have a look for myself :D. Cheers Bigtone

Looks like i finally got one in Sydney so might be in Brisvegas earlier than expected!!

Cheers Michael, Will do. Looks like you timed the completion of that development nicely, the re-vals should be nice and will allow you to load up on your home town! Cheers Bigtone

Well Done Piston, I didn't start until mid 2003 so before my time! I have missed hundreds of opportunities over the years you can't do them all, as long as I get most right I am happy. Where was your last purchase Piston? Cheers Bigtone

Hi Rickardo, I am likely to buy in Brissy at end of year, not sure if i will use BA or not. I often go to Brissy for various things so will do some groundwork on one of those trips. Qld has a good real estate process that is easy imo so might do it myself or combination with BA, will see...

Thanks yadreamin, Have not really swept through anywhere for a while just buying in capital cities but think some really good regional hotspotting opportunities will open up later this year if not already so could be back in the game :D Cheers BT