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Residential Property Investing in Australia - The Book - $10.00 (Delivered to Any Aust Address)

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Residential Property Investing in Australia - The Book - $10.00 (Delivered to Any Aust Address)
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AssociatedL[Deactivated] on 24/04/2014 - 11:55 rpiaustralia.com.au (104 clicks)
TENBUX

Hey Ozbargainers,

Over the long weekend. We're offering our book - Residential Property Investing in Australia (Paperback) for $10.00 (Delivered to any Australian Address). Just use the TENBUX coupon code which will minus $4.95 at the checkout.

The book, company and website is written by Steve Smith, a property investor for the last 20+ years. See a youtube intro here;

http://rpiaustralia.com.au/residential-property-investment-i…

This book was written by Steve to demystify property investment in Australia, educating all those who seek it.

We are property investment educators, we also have an established parent company backing all our operations and look forward to hearing back from Australians looking to get into the market OR looking to restructure their portfolios alike.

Happy investing!

Garry

Books & Magazines Property Investment Residential Property Investing in Australia Rpiaustralia Steve Smith

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rpiaustralia.com.au
rpiaustralia.com.au

closed Comments

  • jv on 24/04/2014 - 11:58
    +10

    This book was written by Steve to demystify property investment in Australia, educating all those who seek it.

    He didn't write it to make money ?

    • stargalaxy on 24/04/2014 - 12:14

      Is this book any good?

  • stargalaxy on 24/04/2014 - 12:15

    What is the different between the hard copy and the soft copy?

    • giggles on 24/04/2014 - 12:24
      +2

      If you rub it or not.

      • stargalaxy on 24/04/2014 - 12:28

        Assuming the book is good, and the hard copy is same as soft copy, why the hell would you pay $10 for the hard copy vs $4.95 for the soft copy?

  • King Tightarse on 24/04/2014 - 12:17
    +2

    "we also have an established parent company backing all our operations"

    Lead generator.

  • giggles on 24/04/2014 - 12:24
    +6

    or…How to Outbid Chinese Investors.

    Waiting for our government to wake up to the damage the Chinese are doing to market prices here, like the Canadians finally did.

    https://www.google.com/search?q=canada+stops+chinese+investo…

  • [Deactivated] on 24/04/2014 - 12:28
    +4

    I'm looking for a property investment in the arse of Queensland somewhere. Hopefully it will be a new development and I will be lucky enough to buy in with special discounted rates on conveyancing and legal fees (that are still the highest I will ever see in my life). And I would like to see a valuation on the property that shows how my property is valued using the latest horoscopological methodologies. Maybe you can also help me with the finance and also explain why buying from an actual independent owner is not a good idea.

    Does the book have nice colour pictures? I like graphs a lot, particularly ones that show how I could possibly make millions.

  • nevbuster on 24/04/2014 - 12:31
    +5

    Property Investing in Australia de-mystified by Nev (Free).

    1. Pay too much for a house, pay the state government stamp duty and the banks and lawyers fees.
    2. Pay the bank more in interest than you get for rent.
    3. Pay management agents, rates, maintenance, insurance, body corporate etc etc etc.
    4. Sell house, pay agents, pay banks and lawyers again.
    5. Have less money than you started with.
    • [Deactivated] on 24/04/2014 - 12:38

      I agree…

      Wannabe "property investors" beware…Do your home work and research…Don't just rely on magazines and books claiming you can be financially independent by XX years old if you invest here and there…

      Many years ago, I read Robert Kiyosaki's "Rich Dad, Poor Dad" publication…and I regret it…I am stuck with 3 properties that have decreased in value and still negatively geared…There are so many headaches when you become a landlord (1st world problem)…The last tenant did not pay rent for 6 mths and got away with it….it took so long to get him out via VCAT…and I can't recoup the money off him as he can't be found…

      Note: The only reason why I bought these properties on mortgages was to avoid paying so much tax…

      • roughana on 24/04/2014 - 13:21
        +2

        The only reason why I bought these properties on mortgages was to avoid paying so much tax

        That was probably the cause of your problems.

        Last tenant did not pay rent for 6 mths and got away with it

        Who was managing the property?

        I can't recoup the money off him as he can't be found

        Sounds like you did not have Landlords Insurance.

        Do your home work and research…Don't just rely on magazines and books

        I agree.

        Some of the investment companies are actually doing a good job of educating people about how to invest in property.
        Although this mob charging $2000 for a lifetime membership stinks a bit.

      • oz-dxer on 24/04/2014 - 15:35
        +1

        Rich dad poor dad is a great book, positive gearing is what is promoted.
        Dont blame the book for your issues, your poor investment strategies and reasons are to blame.

        There are plenty of ways to "minimise tax" and negative gearing property is the last choice i would make.

    • giggles on 24/04/2014 - 13:01

      Yes, there is a HUGE bubble here at present but it will only get worse until the foreign interests are removed and local buyers are the only ones forming realistic prices.

      Governments are addicted to overvalued stamp duties and rates. They appear to care far more about raising money this way than maintaining affordability for people who have lived here and paid taxes for years. I have heard that certain areas are seeing as high as 60% chinese buyers - Mt/Glen Waverley etc. We were actually gazumped by a Chinese couple a few years ago who had told the agent "whatever the highest bid is, we will beat it". During negotiations post-auction the Chinese couple turned up (yep, they didn't even bother to attend the actual auction) and trumped our offer to a point where we simply couldn't compete.

      If you have the same experience or frustration do what they encouraged in the 1970's Network movie - open your window and scream out "I'M AS MAD AS HELL AND I'M NOT GOING TO TAKE IT ANYMORE!". Then write your local member till his/her eyes bleed.

      As Monty Python said "You had a cardboard box to live in? We used to live in a crack in the road!"

    • roughana on 24/04/2014 - 13:47

      This is partly where people are going wrong:

      1. Pay too much for a house,
      2. Sell house, pay agents, pay banks and lawyers again. (you left out CGT)
      3. Have less money than you started with.

      If you redraw the equity growth to invest in more investments (not necessarily property) then you will be applying leverage to your investing. If they are good investments then it is the 2nd, 3rd, 4th etc investment where you start to see a difference in the net equity. Just don't expect it to happen overnight.

    • apey2000 on 24/04/2014 - 20:46

      Property Investing in Australia de-mystified by Nev (Free).
      1. Pay too much for a house, pay the state government stamp duty and the banks and lawyers fees.

      Your own choice to pay too much for a house, remembering that "too much" is all relative to where we are relative to prevailing economic conditions at the time the purchase is made.

      1. Pay the bank more in interest than you get for rent.
      2. Pay management agents, rates, maintenance, insurance, body corporate etc etc etc.

      3. Sell house, pay agents, pay banks and lawyers again.

        Capitalism 101. People are paid for services they offer.

      4. Have less money than you started with.

        Consequence of choice in step 1.

  • [Deactivated] on 24/04/2014 - 13:13
    +1

    the link to the news about canadian immigration changes says that 45,000 chinese migrant applicants are left in the lurch, and they are worth an estimated $12.9bn. if only a portion of them comes this way, it's going to drive up prices further!

    • giggles on 24/04/2014 - 13:17
      +1

      yes, their decision has made it worse here. If you block one hole, rats will find another one.

      Our own government estimates $6 billion of Chinese property investment is on its way here, and that is a low figure I think.

      BTW - It's not racist to point out the facts, before someone gets all knotty about it.

      • roughana on 24/04/2014 - 13:22

        $6 billion of Chinese property investment is on its way here,

        Ride the wave folks. But choose carefully.

        • stargalaxy on 24/04/2014 - 13:34

          Is that what Tony Abbott says a rising wave raise all boats, except those leaky boats.

  • 2jzzzz on 24/04/2014 - 13:34

    Buy in a suburb the Chinese don't want. To quantify. They care all about status and bragging. Say for example Melbourne. All south east suburbs, look in North or Western suburbs. I bought in a South West suburb, absolutely love it!

    • apey2000 on 24/04/2014 - 20:27

      Not so much to do with status or bragging. More to do with school zone.

      Check schooling options. Eastern suburbs - lots. South west - enjoy Footscray & Maribyrnong schools!!

      For the record, I am not Chinese (or Asian) and I spent most of my life living in the west… until I had a kid! ;)

  • nevbuster on 24/04/2014 - 16:40

    We should build a bunch of high-rises on the north queensland coast and sell them to the chinese for big $$ and then buy back ten years later for half the price, a-la the japanese on the gold coast in the 80's

  • luke700 on 24/04/2014 - 17:24

    Gotta get rid of them before the Negative gearing 'strategy' is terminated by Joe hockey from budget night next week.

    • roughana on 24/04/2014 - 17:44

      He wont touch it.

  • Steptoe on 24/04/2014 - 22:40

    Pretty flat response so far. Maybe offer the PDF for FREE like "The 3+1 Plan", assuming you are looking for sales leads eventually.

  • rd1985 on 25/04/2014 - 11:21
    +1

    I read a property investment book which was on the Money Magazine's top 10 best selling books list. The author comments on his website that the current property market is overvalued, so not many opportunities for good investment purchases yet.

    http://www.ibhb.com.au/news/news.htm

    The book itself was quite a good read, very logical and quite easy to follow compared to some of the other finance/investment books that I've read.

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