@ Calvin

Thanks for the info, although I don’t think I am 100% clear on the mathamatics behind your response. If I am spending $370 pw on rent a week (damn sydney [glum]) and get a +cf house earning me a little extra a week, how does this compare to owning my own house with hopefully lower repayments than $370 and then using the equity in the…[Read more]

Originally posted by andyperry16:
hi zyleth,
nice in-laws!!!
If you are looking for quick CG then i would not be looking at sydney.
my advice to you is if you want to get into to the IP game then continue to rent while putting all possible cash from your income into positive cashflow property, if your goal is financial indepence a trip to europe…[Read more]

Thanks for the replys everyone. There is some very good advice there.

I still didn’t get to the answers I was looking for though. I spose now that I look over this again, What I was after was a list of expenses that I need to take into account for when I am looking into the property. Do any of you have a checklist of items you use to calculate…[Read more]

Hi Sue,

I have read Steves 0 t0 130 properties. I use the advise he gives to evaluate a +cashflow property. But when I try to include the extra costs involved it seems to either not be +CF anymore or it is only by $10 etc. Maybe I am not doing the sums right or maybe I am not taking into account something vital. This is why I am asking for other…[Read more]

Yes, but it has lots of pretty graphs [tongue]

I have (and currently am) using the spreadsheet method. I find it very awkward and cumbersome. The pic that I have seen of this program looked easy and slick.

Still haven’t made up my mind tho [weird]

Excellent advice guys, Keep it coming.

I will be sitting down with my wife and going over this thread step by step to see what we can change and to devise a plan to succeed.

Thanks for the advice again