Sunday, April 29, 2007

Property Investing Resources 3

I am currently reading the book "Why We Want You to be Rich" by Trump and Kiyosaki. It's an interesting read with the helpful comments and tips. Their reputations as authors and investors speaks for itself and they don't need to justify what they have done. However both of them feel that the USA and the world economies are heading for trouble because of a shrinking middle class. They feel there is a need for the middle class to strengthen their financial situation which will strengthen the wider economy. They then offer some general strategies and motivation to achieve this. Although I found their scare-mongering a bit hard to believe, the underlying message that people need to do more about their financial situation cannot be ignored. We all should be concerned about our future wealth as Western economies will come under increasing threat from developing countries. Certainly this book is entertaining and has some helpful tips. Have you read any interesting books lately. Blog in with your opinions on this one or any other book whose theme is investing and/or motivation. And remember, if you have any family or friends who are interested in property investing send them to

Wednesday, April 25, 2007

Property Investing in Uncertain Times

The media and government and business people and Treasury officials are all talking the property market down. Interest rates on mortgages are increasing, the doomsayers are predicting a market correction, and the government is talking tough on property investors. These things are nothing new. There have been property market corrections in the past and there will be more in the future but at the end of the day, real estate has appreciated continuously since records were first kept. The thing property investors must do is future shock proof ourselves. We must have strategies in place which will help us through the down-times. One thing I do is ensure that I can hold on to a property in the medium term by either finding one that has a high return which will cover all the expenses or one that will appreciate in value quicker than most and the costs can be offset against my other investment properties. How about you? What strategies have you got to future proof yourself? Blog in with your thoughts and remember if you have any friends or family who are interested in real estate investing send them to
Until next time happy and successful property investing.


Tuesday, April 17, 2007

Gotta Keep Moving

I have been away from the computer for a few days, mainly because I've been working but I also took a bit of time off over Easter to spend with family and friends playing rugby and watching cultural events. This was a great way to unwind, but it also recharged me and I regained the energy to get stuck into my investing. So since Easter I have visited another town and put some offers in, met with my mortgage broker to re-finance, obtained valuations for some of my properties, put another offer in for a property in another town where my niece lives and works for a real estate agent, and helped my son organise his stuff so that he can reach his goal of owning an investment property before he turns 20 at the end of this year. Quite a bit has been done, but it's not over. I still have a section that I want to build on so I am in the middle of getting quotes for that as well.
How about you? Have you had a break and now you are getting into it? It's true when whoever said that momentum creates results. I have certainly had some good outcomes. Blog in and let us know what you are doing to get the results you want.
And don't forget, if you have friends or family who want to learn about investing in property send them to


Wednesday, April 04, 2007

Get Outa Your Comfort Zone

I live in the biggest city in my country and the average price for a house is now $500 000. Average rent is about $400. So the average return is around 4%!!! This covers the insurance, rates and maitenance and the rental manager's fees with a few thousand left over to cover the $40 000 morgage repayments. Unless you have deep pockets this investment just ain't gonna cut it even with all the tax benefits that you would get. So when it comes to getting outa your comfort zone that can include getting outa your town and looking for bargains somewhere else. Other towns need to have a decent sized population, say 30 000 up, or be very close to a major town, and have several decent sized employers rather than being a one industry town which will suffer if that particular industry goes through a down-turn. It also helps if you put a minimum return of say 10% from your rents. With these few rules you could find some thing decent but the big problem is to manage from a long distance. This is where you need to employ some good people skills and find some good people in the town you are interested in. Not an easy proposition. Do you have any ideas about this? Some experience in dealing with far away property investments? Blog in and share your stories. And remember if you have family or friends who are interested in property investing refer them to


Tuesday, April 03, 2007

Property Investing Resources Part 2

One of the things that I regularly do is visit the bookshop to see what new titles are available about investing in real estate. To me books are a source of information where you can learn new ideas and strategies to improve your property investing results. I believe that I have got at least one idea out of every property book I have read which has paid for the price of the book and more. And it's not just real estate investing books that I get either. I also get motivational books because, lets face it, most people don't know much about property investing, or any other type of investing, and so aren't much help when it comes to support. So sometimes when I'm feeling a bit down or lacking motivation or need a solution to a real estate problem, I'll go and buy a book which looks like it will be able to provide some inspiration. I also subscribe to a property investor's magazine and this is a great monthly read, providing property info on rent and sale statistics, articles on issues and answers to possible problems. How about you? Do you have any special books or mags that you use? Do you think I should include book reviews? Blog in with your thoughts and happy property investing. And don't forget, if you have any friends or relations that would like to learn more about property investing tell them to come along to