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Andrewsal
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@andrewsal
Join Date: 2003
Post Count: 32
September 12, 2003 - 3:16 pm
Its late and it looks like im the only one on this forum.
Good night
or
Good Morning
Andrew[8D]
Andrewsal
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@andrewsal
Join Date: 2003
Post Count: 32
September 12, 2003 - 3:11 pm
Hi 101,
Interest rates up to 10%? How long do you think it will take for that happen?
I have most of my loans fixed for as long as pos.
Only one of my loans is variable and that is the one I am pumping all the extra cash into.
So an increase in Interest rates won’t have that much effect on me.
But I don’t see the rates going up that much.
Andrew[8D]
Andrewsal
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@andrewsal
Join Date: 2003
Post Count: 32
September 12, 2003 - 3:05 pm
Hi 101,
Thanks for answering your own question. In doing that you may have helped me out aswell. I currently have a line of credit against my own property, but mostley used for personal use. Until recently when I used it to place a 10% deposit on a $75,000.00 property I am buying.
I would need to claim the interest on that 10% that I used but not the rest that was for personal use. Is this correct?
Andrew[8D]
Andrewsal
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@andrewsal
Join Date: 2003
Post Count: 32
September 12, 2003 - 2:56 pm
Hi Farmer Steve,
Go back and look at your Bedsitter forum.
Andrew[8D]
Andrewsal
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@andrewsal
Join Date: 2003
Post Count: 32
September 12, 2003 - 2:53 pm
Hi Steve,
Bedsitters. I think you need to be comfortable with what you invest in. It depends on if you can sleep at night or are you going to always sit up and worry about the future of your Bedsitter.
You will need to do your research, on the area and recent sales to see if you being over charged.
Im not too keen on bedsitters myself, but I would probably still look into it if the numbers were right.
Where are they? City or country town?
Andrew[8D]
Andrewsal
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@andrewsal
Join Date: 2003
Post Count: 32
September 12, 2003 - 2:43 pm
Hi ez-rent,
I have win xp, and constantly get updates.
ez-rent works great with no probs.
Thanks for the great program.
Andrew[8D]
Andrewsal
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@andrewsal
Join Date: 2003
Post Count: 32
September 12, 2003 - 2:26 pm
HI all,
I’m a “BOT1” (Bus Operator Trainer Level One) for State Transit Sydney Buses. I love my job as I am always out and about meeting new people every day.
I’m also real keen to get a role on with my investments.
And I just logged into this site yesturday, I’m hocked, I can’t stop, Ive learned so much in just one on this forum, its great.
Andrew[8D]
Andrewsal
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@andrewsal
Join Date: 2003
Post Count: 32
September 12, 2003 - 2:19 pm
Hi Rob,
Thanks for your advice. you are correct it would be a major task trying to spend that much cash on IP out in the country.
The way I see it though, is that we must get started as it will get harder and harder to find good +ve cash flow IP’s.
Andrew[8D]
Andrewsal
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@andrewsal
Join Date: 2003
Post Count: 32
September 12, 2003 - 10:52 am
Hi All.
My view is to do a bit of both + & -. Sally and I have been thinking about selling our house in Sydney and buy negative cash plow prop off the plan in Sydney, at the same time, we would also buy +ve out in the country, just to balance it out.
In Sydney we intend to hold property for atleast 10 to 15 years. Out in the country keep all +ve props for much longer.
We expect that the Sydney properties will have a better capital groth rate than the country props, so thats the reason for -ve cash flows in Sydney.
If there were +ve cash flows in Sydney I would be the first to jump at it.
Andrew[8D]
Andrewsal
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@andrewsal
Join Date: 2003
Post Count: 32
September 12, 2003 - 10:03 am
Hi guys,
Im back. Well I am the one who started all this and wow, I didn’t think it would have got such a great response.
Our plan was to sell our house for about $950,000.00 wich would leave us with about $900,000.00 cash to play with. We already have three IP’s 1 -cshflow & 2 +cshflow. We were thinking of buying off the plan units at Breakfast point. But I think we may need to rethink and go possitive cash in large country towns.
The main thing is that we don’t realy want to stay in our house anymore as we have been overshadowed by the property development next door.
We would much rather rent in a luxury appartment and invest with the $900,000.00 cash from home sale.
Andrew & Sally.
Andrewsal
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@andrewsal
Join Date: 2003
Post Count: 32
September 11, 2003 - 12:01 pm
Will.
I feel the same way about home ownership. We have owned our own home for over 20 years, and it is now time to sell up and grow.
Although we will probably rent an appartment for 6 months before we make the final decision to sell and get to work.
Andy
Andrewsal
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@andrewsal
Join Date: 2003
Post Count: 32
September 11, 2003 - 11:52 am
Hi Will,
Yes, thanks for that Will. I have been thinking of this for some time now. Sally and I have bought 3 properties in the last 10 mounths, but we feel the need to get more so as to set ouselves up for life. I feel that selling up our home and renting a nice place would give us a lifestyle plus enable us to invest in lots more +ve cash ppty. We just have to find them now.
Andy[]