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  • Profile photo of AndrewsalAndrewsal
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    @andrewsal
    Join Date: 2003
    Post Count: 32
    September 24, 2003 - 9:24 am

    Hi All,

    Your comments on this topic are most welcome and in most cases encouraging.

    Thanks again,

    Andy[8D]

    Profile photo of AndrewsalAndrewsal
    Participant
    @andrewsal
    Join Date: 2003
    Post Count: 32
    September 21, 2003 - 12:26 pm

    Hey chris, thanks for the info on the http://www.northernbears.com Cashflow club. I may go and join in all the fun this Thursday.

    Andy

    Profile photo of AndrewsalAndrewsal
    Participant
    @andrewsal
    Join Date: 2003
    Post Count: 32
    September 19, 2003 - 11:18 am

    Hey Ranger,

    What on earth is “Cashflow”?

    CASHFLOW 101 is an educational program, in the form of a game, created By Robert Kiyosaki, the Author of “Rich Dad, Poor Dad” Game, that teaches accounting, finance, and investing at the same time and makes learning fun.

    It teaches you the basics of fundamental investing and how to take control of your personal finances, build a business through proper cash flow management, and learn how to invest with greater confidence in real estate and other businesses.

    Andy[8D]

    Profile photo of AndrewsalAndrewsal
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    @andrewsal
    Join Date: 2003
    Post Count: 32
    September 19, 2003 - 1:16 am

    Hey Neddy,

    Yes as you can see this idea has been going around in lots of investors minds. The hard part is finding the +ve IP’s.

    Can’t waite to do that traveling around in a camper bus thing.

    Andy[8D]

    Profile photo of AndrewsalAndrewsal
    Participant
    @andrewsal
    Join Date: 2003
    Post Count: 32
    September 18, 2003 - 9:02 am

    Hey Matt,

    Ive a confession to make. I do have one -ve geared property, the first IP we bought. But the others we have are all +ve cash flow. So it balances out. We now concentrate on +ve IP’s.
    But we still like to go to those -ve gearing seminars just to see what they are saying, we always have a laugh. Last time I won the lucky door prise, a basket of goodies. Ha Ha. We were the ones givin the guy a hard time too.

    Andy[8D]

    Profile photo of AndrewsalAndrewsal
    Participant
    @andrewsal
    Join Date: 2003
    Post Count: 32
    September 18, 2003 - 8:39 am

    Hey Matt, Crystal & Craig.

    If you want we can start up a game of “Cashflow”.

    Just get in touch with me and we will get together and do it.

    [email protected]

    Andy[8D]

    Profile photo of AndrewsalAndrewsal
    Participant
    @andrewsal
    Join Date: 2003
    Post Count: 32
    September 18, 2003 - 6:47 am

    Hi Matt,

    I would be interested in Playing “Cashflow”.
    It,’s a great game, you learn so much from the other players.

    email [email protected]

    Andy[8D]

    Good luck with your game tonight Novacastrians.
    If I knew earlier I would have come to play.
    Andy[8D]

    Profile photo of AndrewsalAndrewsal
    Participant
    @andrewsal
    Join Date: 2003
    Post Count: 32
    September 18, 2003 - 5:26 am

    Hi Finnie

    A great idea, though being a full time property investor would take time to achieve. Only after lots of hard work and smart investing could this be achieved. How many properties would you need in your control to gain enough +ve cash flow to suport your family.

    My wife and I have discused this issue over & over. We are thinking of taking the plunge, selling our house, renting and Investing the cash from the sale ($900,000.00) into more +ve cash flow IP’s

    Have a look at my post (“sell house, rent and invest”) let me know what you think.

    Andy[8D]

    Profile photo of AndrewsalAndrewsal
    Participant
    @andrewsal
    Join Date: 2003
    Post Count: 32
    September 18, 2003 - 5:08 am

    Hi Matt,

    It’s a case of what you want to achieve out of your investments. Cash flow or capital growth?
    Keeping this in mind, you can’t go down to the shops in buy a loaf of bread with capital growth, with good +ve cash flow you can.

    Andy[8D]

    Profile photo of AndrewsalAndrewsal
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    @andrewsal
    Join Date: 2003
    Post Count: 32
    September 17, 2003 - 8:52 am

    Hey Gatbe
    In the areas that I am looking you could probably buy about 10 IP’s putting down about 25% deposit on each. And with the rent in these areas they would all be +ve cash flow.

    Andy[8D]

    Profile photo of AndrewsalAndrewsal
    Participant
    @andrewsal
    Join Date: 2003
    Post Count: 32
    September 16, 2003 - 10:59 am

    Hi newbie Matt,

    Thanks for the tip off on the block of units.
    I already looked into that one and the vendor has taken it off the market.

    Andy[8D]

    Profile photo of AndrewsalAndrewsal
    Participant
    @andrewsal
    Join Date: 2003
    Post Count: 32
    September 15, 2003 - 9:21 am

    Congrates,

    Did you just get maried?

    Thanks for your advise, we are already borrowing off the equity from our house. We are still thinking about it and yes you are probably right about the house going up in value quicker than Country houses.

    I too like the idea of getting into good bus/mobile home setup and just buzzin off all round OZ.

    Andy[8D]

    Profile photo of AndrewsalAndrewsal
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    @andrewsal
    Join Date: 2003
    Post Count: 32
    September 14, 2003 - 7:47 am

    Hi Afghangirl,

    Ive thought of that aswell, but try and find me a house at 1/2 price in the same area is impossible.

    I wouldn’t mind buying a nice unit to live in for 1/2 the price and invest the rest.

    Andy[:D]

    Profile photo of AndrewsalAndrewsal
    Participant
    @andrewsal
    Join Date: 2003
    Post Count: 32
    September 14, 2003 - 7:38 am

    Afghangirl,

    What is the Business idea.

    Andy[8D]

    Profile photo of AndrewsalAndrewsal
    Participant
    @andrewsal
    Join Date: 2003
    Post Count: 32
    September 14, 2003 - 7:34 am

    Good one Stu.

    I will have to get a hold on that book myself.

    Andy[8D]

    Profile photo of AndrewsalAndrewsal
    Participant
    @andrewsal
    Join Date: 2003
    Post Count: 32
    September 14, 2003 - 7:25 am

    Hi Stu

    With that line of credit you pay IO but isn’t the rate variable on a line of credit.

    Andy[:D]

    Profile photo of AndrewsalAndrewsal
    Participant
    @andrewsal
    Join Date: 2003
    Post Count: 32
    September 14, 2003 - 7:12 am

    Not yet a millionaire.
    But working towards that goal.

    As they say ” Rome wasn’t built in a day.”

    Andrew [8D]

    Profile photo of AndrewsalAndrewsal
    Participant
    @andrewsal
    Join Date: 2003
    Post Count: 32
    September 12, 2003 - 3:43 pm

    Steph
    Thanks for the inspiration and keep up the perspiration.

    Andrew[8D]

    After that I’m off to bed.

    Good night
    or
    Good Morning.

    Profile photo of AndrewsalAndrewsal
    Participant
    @andrewsal
    Join Date: 2003
    Post Count: 32
    September 12, 2003 - 3:37 pm

    Hi Steve

    Look at the vacancy rate and what type of tennant will be moving in. If you are worried about the agents leting fee, well thats just a fact of life, you need to add that into your numbers when you are working it all out. Unless of course you let them out yourself. My cousin does it that way, but myself, no way, I let the agent do all the hard work. When I get the bill for letting I just grin and bear it. It’s all a cost involved in the business. You just need to make sure the rental income is going to be achievable and will still be possitive after all exspenses are taken out.

    Good luck anyway.

    Andrew[8D]

    Profile photo of AndrewsalAndrewsal
    Participant
    @andrewsal
    Join Date: 2003
    Post Count: 32
    September 12, 2003 - 3:21 pm

    Hi girl,

    I thought I was the last one on tonight, but then you poped in.

    Good luck with your business, and don’t buy all the good props, leave some for me.

    Andrew[8D]

Viewing 20 posts - 1 through 20 (of 32 total)
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