Comments for Real Estate Property Investing Strategies for Wealth Creation - Jennie Brown http://www.jenniebrown.com.au Everything You Need to Know about Making Stacks of Money Investing in Property Mon, 30 Apr 2012 09:22:04 +0000 hourly 1 http://wordpress.org/?v= Comment on Ask Me A Question by Brian Murphy http://www.jenniebrown.com.au/ask-me-a-question/#comment-1048 Brian Murphy Mon, 30 Apr 2012 09:22:04 +0000 http://www.jenniebrown.com.au/?p=807#comment-1048 Hi Jennie,                   Thank you for your mentoring a free question answered is GOLD as are you Jennie. Best regards,                         Brian Murphy. Hi Jennie,
                  Thank you for your mentoring a free question answered is GOLD as are you Jennie.
Best regards,
                        Brian Murphy.

]]> Comment on Ask Me A Question by Jennie Brown http://www.jenniebrown.com.au/ask-me-a-question/#comment-1046 Jennie Brown Fri, 27 Apr 2012 13:13:32 +0000 http://www.jenniebrown.com.au/?p=807#comment-1046 Hi Brian, thanks for the questions. Lets start with the first one. I tend to use a mix of lenders; its good to have a couple of trusted mortgage brokers as well as build a relationship with one or two of the banks. Sometimes you need to be creative with finance and its good to have a few options up your sleeve. Regarding mortgage insurance, i see it as a form of leverage. Obviously its best to avoid it when possible but there are times i am happy to pay it if it means getting finance with a great deal. For instance if i only have 10% deposit available to me and getting a 90% LVR means getting a great deal across the line then I am more than happy to pay that extra cost in mortgage insurance - Jennie Hi Brian, thanks for the questions. Lets start with the first one. I tend to use a mix of lenders; its good to have a couple of trusted mortgage brokers as well as build a relationship with one or two of the banks. Sometimes you need to be creative with finance and its good to have a few options up your sleeve.

Regarding mortgage insurance, i see it as a form of leverage. Obviously its best to avoid it when possible but there are times i am happy to pay it if it means getting finance with a great deal. For instance if i only have 10% deposit available to me and getting a 90% LVR means getting a great deal across the line then I am more than happy to pay that extra cost in mortgage insurance – Jennie

]]> Comment on Ask Me A Question by Brian Murphy http://www.jenniebrown.com.au/ask-me-a-question/#comment-1045 Brian Murphy Wed, 25 Apr 2012 08:00:56 +0000 http://www.jenniebrown.com.au/?p=807#comment-1045   Hi Jennie,When you borrow money do use the one instution or a couple of different money lenders? When asked to pay Mortage insurance, do you pay this? I look at it as if I am throwing money into somthing that will never help me and is not even for me. I have never payed it and I could never feel good about it. Am I Missing something with this Jennie? Best regards, Brian    
Hi Jennie,When you borrow money do use the one instution or a couple of different money lenders?
When asked to pay Mortage insurance, do you pay this? I look at it as if I am throwing money into somthing that will never help me and is not even for me.
I have never payed it and I could never feel good about it.
Am I Missing something with this Jennie?
Best regards, Brian  

]]> Comment on Ask Me A Question by Jennie Brown http://www.jenniebrown.com.au/ask-me-a-question/#comment-1039 Jennie Brown Fri, 13 Apr 2012 02:10:30 +0000 http://www.jenniebrown.com.au/?p=807#comment-1039 Hi Kevin. Profit and return really should be measured against the risk associated with the project and this will differ from person to person. Keeping your money in the bank and earning 3 - 5% is low risk and therefore low return. As the complexity of your projects increase, so too should the return - both cash on cash return and profit on costs return. Put it this way - you have to be able to sleep at night! Getting the numbers right is critical Kevin so get really clear on your costs vs return before entering into the project. Hi Kevin.
Profit and return really should be measured against the risk associated with the project and this will differ from person to person. Keeping your money in the bank and earning 3 – 5% is low risk and therefore low return. As the complexity of your projects increase, so too should the return – both cash on cash return and profit on costs return. Put it this way – you have to be able to sleep at night! Getting the numbers right is critical Kevin so get really clear on your costs vs return before entering into the project.

]]> Comment on A Little Bit About Jennie Brown by Jennie Brown http://www.jenniebrown.com.au/a-little-bit-about-jennie-brown/#comment-1038 Jennie Brown Fri, 13 Apr 2012 02:03:13 +0000 http://www.jenniebrown.com.au/?p=813#comment-1038 Hi Graeme Thanks for the post an d congratulations on your persistence and determination! Gathering as much knowledge as you can is a great way to start in property investing however you need to back up that knowledge with action. You are on the right path, just get really clear on what the outcome is so you can cater your strategy to meet that goal. I often hear of partners and spouses not sharing the same vision and that does make things difficult. I can only suggest you continue your path and chase the dream you have; once you start making progress and presenting results its easier for the partner to come on board. Good luck Graeme - Jennie Hi Graeme
Thanks for the post an d congratulations on your persistence and determination! Gathering as much knowledge as you can is a great way to start in property investing however you need to back up that knowledge with action. You are on the right path, just get really clear on what the outcome is so you can cater your strategy to meet that goal. I often hear of partners and spouses not sharing the same vision and that does make things difficult. I can only suggest you continue your path and chase the dream you have; once you start making progress and presenting results its easier for the partner to come on board. Good luck Graeme – Jennie

]]> Comment on A Little Bit About Jennie Brown by Graeme Hollings http://www.jenniebrown.com.au/a-little-bit-about-jennie-brown/#comment-1037 Graeme Hollings Tue, 10 Apr 2012 02:09:30 +0000 http://www.jenniebrown.com.au/?p=813#comment-1037 Thanks for your story Jennie. Very inspiring.   I have noticed that most successful property investors (especially teachers) were exposed to it very early on. Whether that has a bearing on it, who knows.   Now about me. I am a Kiwi (don't hold that against me) and moved to Qld (with my wife) in 2005. We used all our funds at the time to build our current house. However as I am now 56 yrs old I believe I need to do something to secure a reasonable lifestyle in retirement. I attend every free seminar I can find and watch, read everything I can about property investing. The main problem is my wife doesn't share my enthusiam and is definitely a risk adverse sort of person. So thats my challenge. The closest my wife has got to being in property is thinking of downsizing into a rental property and renting our house. Our trouble her idea of downsizing is still being able to fit all what we have in our current house into a rental property. Not very realistic. From all my research I believe the way to proceed is to buy a combination of cash flow posiive and growth properties so the cost is at least neutral. Appreciate your thoughts   Graeme Thanks for your story Jennie. Very inspiring.
 
I have noticed that most successful property investors (especially teachers) were exposed to it very early on. Whether that has a bearing on it, who knows.
 
Now about me.
I am a Kiwi (don't hold that against me) and moved to Qld (with my wife) in 2005. We used all our funds at the time to build our current house. However as I am now 56 yrs old I believe I need to do something to secure a reasonable lifestyle in retirement.
I attend every free seminar I can find and watch, read everything I can about property investing. The main problem is my wife doesn't share my enthusiam and is definitely a risk adverse sort of person. So thats my challenge. The closest my wife has got to being in property is thinking of downsizing into a rental property and renting our house. Our trouble her idea of downsizing is still being able to fit all what we have in our current house into a rental property. Not very realistic.
From all my research I believe the way to proceed is to buy a combination of cash flow posiive and growth properties so the cost is at least neutral.
Appreciate your thoughts
 
Graeme

]]> Comment on Ask Me A Question by Kevin http://www.jenniebrown.com.au/ask-me-a-question/#comment-1034 Kevin Tue, 27 Mar 2012 03:45:48 +0000 http://www.jenniebrown.com.au/?p=807#comment-1034 <strong>Hi Jennie,</strong> <strong>What sort of profit/return are you looking for when buying an investment property?</strong> <em>From the purchase to the sale if under 12 months then what should you aim for as a good return and how would you be able to roughly determine if the property you are looking at is capable of that sort of return?</em> Thanks, Kevin Hi Jennie,
What sort of profit/return are you looking for when buying an investment property?
From the purchase to the sale if under 12 months then what should you aim for as a good return and how would you be able to roughly determine if the property you are looking at is capable of that sort of return?
Thanks,
Kevin

]]> Comment on A Little Bit About Jennie Brown by Jennie Brown http://www.jenniebrown.com.au/a-little-bit-about-jennie-brown/#comment-1032 Jennie Brown Thu, 22 Mar 2012 02:39:42 +0000 http://www.jenniebrown.com.au/?p=813#comment-1032 Great ambitions Alison. Get crystal clear on what it is you want to achieve in the next 12 months and go for it! Great ambitions Alison. Get crystal clear on what it is you want to achieve in the next 12 months and go for it!

]]> Comment on A Little Bit About Jennie Brown by Alison Haines http://www.jenniebrown.com.au/a-little-bit-about-jennie-brown/#comment-1028 Alison Haines Wed, 29 Feb 2012 02:05:08 +0000 http://www.jenniebrown.com.au/?p=813#comment-1028 Hi Jennie, My name is Alison Haines and I am 32. I live and work on a cattle station 350km SW of Katherine in the NT. I have way too many horses and dogs, mostly for work but also use the horses for competing in campdrafts. Which we travel a long way for but I win a bit and get a social life!!! I also love fishing, travelling and a good book. I have a house in Katherine with First Home Buyers and am looking for an investment property (or 3 or 4!!!). I would like to build my financial freedom through property investing and leave my job to go live with my partner (700km away). I come from a hard work backround but the more I look around the more I see the need to build my future myself. I have been reading everything I can, seminars are a bit hard to get to from here!! I am trying to get to Darwin (700km the other direction from my partner) for a property forum. Hopefully in the next couple of months. I grew up in the bush so my dream has always been to have a rural block with enough room for the horses and some cattle but if I don't want to work my whole life paying it off, I need to build the capacity to pay for it, my plan is to do it through property investing. (with the additional financial freedom to travel and enjoy life to the fullest)....... Fingers crossed!!! Cheers, Alison Hi Jennie,
My name is Alison Haines and I am 32. I live and work on a cattle station 350km SW of Katherine in the NT. I have way too many horses and dogs, mostly for work but also use the horses for competing in campdrafts. Which we travel a long way for but I win a bit and get a social life!!! I also love fishing, travelling and a good book.
I have a house in Katherine with First Home Buyers and am looking for an investment property (or 3 or 4!!!). I would like to build my financial freedom through property investing and leave my job to go live with my partner (700km away). I come from a hard work backround but the more I look around the more I see the need to build my future myself.
I have been reading everything I can, seminars are a bit hard to get to from here!! I am trying to get to Darwin (700km the other direction from my partner) for a property forum. Hopefully in the next couple of months.
I grew up in the bush so my dream has always been to have a rural block with enough room for the horses and some cattle but if I don't want to work my whole life paying it off, I need to build the capacity to pay for it, my plan is to do it through property investing. (with the additional financial freedom to travel and enjoy life to the fullest)…….
Fingers crossed!!!
Cheers, Alison

]]> Comment on A Little Bit About Jennie Brown by Jennie Brown http://www.jenniebrown.com.au/a-little-bit-about-jennie-brown/#comment-1026 Jennie Brown Sun, 26 Feb 2012 09:54:55 +0000 http://www.jenniebrown.com.au/?p=813#comment-1026 Hi Kathryn, thanks for the comment and yes I often hear this dilemma about a spouse or partner not sharing the same goals. The best thing you can do is lead by example. Educate yourself, attend networking groups and bootcamps. Surround yourself with people that want to get ahead using the property vehicle and you just might find it rubs off on your partner. Keep moving forward Kathryn! Hi Kathryn, thanks for the comment and yes I often hear this dilemma about a spouse or partner not sharing the same goals. The best thing you can do is lead by example. Educate yourself, attend networking groups and bootcamps. Surround yourself with people that want to get ahead using the property vehicle and you just might find it rubs off on your partner. Keep moving forward Kathryn!

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