Total Members: 159,401

anch

  • anch replied to the topic 1.5% residential vacancy rate in the forum General Property 21 years, 2 months ago

    does ballarat obey the 11s rule?
    i had a quick look and saw one property for $200000 and renting for just $110!

  • anch replied to the topic mining towns….too risky? in the forum General Property 21 years, 2 months ago

    towlie, care to elaborate more? how long have you had the property for, what are the figures?

    robertv, do you plan to hold onto the properties for a long time?

    What hapens if the mine closes down? YOu could end up with a town with a large drop in numbers and no one to rent and your property will go down a lot in value.
    Am I just being too…[Read more]

  • anch replied to the topic Place comments about my spreadsheet here in the forum No Subject 21 years, 2 months ago

    One for me too?

    thanks

    [email protected]

  • anch replied to the topic Danny & Paul Hanna Workshop in the forum General Property 21 years, 2 months ago

    HI THERE,
    so are these development sites at $290000 in certain areas? In Sydney, I guess it won’t be quite the same.

    anch

  • anch replied to the topic spill the beans ppl……..plz? in the forum General Property 21 years, 2 months ago

    scotty, your input is fantastic! I have been reading all your messages with keen interest

    I have a few questions that I would like to ask you. If you are willing, I would like to send you an email with some questions.
    My address is [email protected].

    Regards
    anch

  • anch replied to the topic how to retire by 40? in the forum No Subject 21 years, 2 months ago

    if I want to follow the plan (getting a +ve property per quarter) should I be buying in many different places or is it OK to stick to a few towns I know well?

  • anch replied to the topic why would you rent a positive cashflow prop? in the forum General Property 21 years, 2 months ago

    good points all.
    I also learnt that in some places, people get their rent subsidised by the company they work for.

    anch

  • anch replied to the topic how to retire by 40? in the forum No Subject 21 years, 2 months ago

    so, minimogul,

    i guess each person needs to make the best use of the banks money (leverage) without putting themselves in too much danger. A bit of a fine line perhaps.

  • anch replied to the topic how to retire by 40? in the forum General Property 21 years, 2 months ago

    hi mini,
    excuse my ignorance, can you explain what you mean by leverage kicking in?

    thanks
    anch

  • anch replied to the topic how to retire by 40? in the forum No Subject 21 years, 2 months ago

    hi all,
    is anyone out there following dave and steves 10 year retirement plan? Or are you following a different strategy? Care to share?

    anch

  • anch replied to the topic Buying in NSW in the forum General Property 21 years, 2 months ago

    I’ve been using realestate.com.au to look for under 100k properties in NSW. Basically I go town by town and see what is there (0-200K). Is there a better way to do it.
    For example, how do I find the $92500 property bc and powmow mentioned?

    anch

  • anch replied to the topic how to retire by 40? in the forum General Property 21 years, 2 months ago

    HI all, in an earlier reply, leigh wrote :

    Steve and Dave outline a ‘no brainer’ 10 year retirement plan in their Wrap Secrets Revealed Kit which will see you retire on >$100k PA. I’ve also seen similar plans in books elsewhere.

    A very basic overview (off the top of my head).

    First 5 years
    Purchase 1 property a quarter.

    Second 5 years
    Reduce…[Read more]

  • anch replied to the topic how to retire by 40? in the forum General Property 21 years, 2 months ago

    hi all,

    thanks Chris Syd,

    I checked out the free stuff. A bit dated but helpful.

    By the way, what’s IMHO?

  • anch replied to the topic how to retire by 40? in the forum General Property 21 years, 2 months ago

    hi all.
    http://www.Landlords.co.nz, you are right, property is not the only way, it is just one vehicle. ANd it is one I am still learning to drive!

  • anch replied to the topic how to retire by 40? in the forum General Property 21 years, 2 months ago

    Powmow, you said

    ‘Steve has left us an important extra chapter on this website about what happens if/when interest rates go up.
    its a good read and i suggest you have a look at it hope this helps.’

    I’m not quite sure where it is. Could you please advise?

    Hi kelly 100 and castle dreamer. I guess you are right, not everyone can follow the 10 year…[Read more]

  • anch replied to the topic how to retire by 40? in the forum General Property 21 years, 2 months ago

    wow, retire in ten years. thanks Leigh. I’ll have to lok into it. I have so much to learn but feel I am getting on the right track. Thanks to you all!

    anch

  • anch replied to the topic how to retire by 40? in the forum General Property 21 years, 2 months ago

    i have been learning about the 11 second rule to get 10.4%.
    Does this rule only apply while interest rates are at current levels. I may be wrong, but when interest rates rise, won’t this affect the 11 second rule and the ability to get cashflow positive properties?

  • anch replied to the topic how to retire by 40? in the forum General Property 21 years, 2 months ago

    thanks Joshwaly and cobra8272 for your advice and calculations.
    I really need to find those cash flow positive properties!

anch

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