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I almost wish I hadn’t posted my original question as it looks like ppl are just picking things they want to hear and attacking each other. for my 2 cents I prefer property to buy reno. and hold, I have only ever bought in Sydney and Brisbane, within 20kms of CBD in suburbs where there are more owner occupiers than renters. YES my purchase prices are higher and YES they are not cashflow positive BUT they provide higher leverage (higher LVR’s) and better capitel growth which I draw down and use in shares where I can get a much better return on my ENTIRE investment. If I hated shares or couldn’t trade obvioulsy trading property or cashflow positive would be better for me.
Hi Monopoly, sometimes an irregular block provides a quirk or uniqueness that can add value, you have to decide wether this would appeal to a prospective tenant or not. On the other hand it could be a good negotiation tool, in getting the price down lower.
Also, make sure there are no strange easements on the blockHi DollarBill,
I trade Forex using a CFD account with 2% margins. I Find a currency which is about to explode either way and basically just set tight trailing stop losses. I set my entry and exit prices at the same time I enter a position. With 2% margin I can trade 100k with 2k as margin plus another 2-3k as a buffer. Stick with less volatile currencies at first.
Easy!Mr. Eccentric
Don’t pussy foot around. If you think they are unethical, say so.
If I wanted to start an argument with an anonymous person in a chatroom I would start out saying they are unethical, however if you read my post you will note that I wanted to form a view on wraps and therfore asked intelligent questions regarding them. I don’t ‘pussyfoot’ around and instead of sledging wraps I would rather learn about them.Hi FW,
Thankyou for your reply, you have set me straight on some of the finer points. If everyone conducted their deals the way you have described then I would consider Wrapping a legitmate, ethical technique. Unfortuntely I don’t think every investor attracted to wraps operates like this!
RegardsHi Calvin,
If the duplex is in 2 seperate titles, bad luck you can’t do it. If the duplex is one title (thats rare) Technically you could do it.
