andysspott

andysspott replied to the topic First timer in the forum The Treasure Chest 22 years ago

Hi,
Well your off to a good start, you have definately done your due deligence with your soon to be tenants lol. Now you have to decide what strategy you want to implement, and what type of house you want to provide to your in laws. The best way is to see what they are looking for and can afford, at the same time generating a positive cashflow on…[Read more]

andysspott replied to the topic 100% $ from banks?? in the forum The Treasure Chest 22 years ago

Hi Kittee,
I think Mel did an excellent job explaining the actions that need to be taken. Remember it is a refinancing or redrawing of your existing loan. It works well provided you use the funds for investment purposes.

all the best!

Andrew

andysspott replied to the topic 100% $ from banks?? in the forum No Subject 22 years ago

Hi Kittee,
Is the IP you bought positive geared? If it is I can suggest you access those funds to buy you more property. The key is to access as much return on your cash outlay, so you can re-invest into more property. The suggested positive return is 25%. This is the CoCR which has to be looked at closely when assessing the risks involved.

best…[Read more]

andysspott replied to the topic People still selling the -ve gearing con? in the forum The Treasure Chest 22 years ago

Hi all,
To summarise, -ve gearing is a long term strategy. It suits people who are content to keep working and wait on growth rates. It all comes back to what the investor wants and when they want it. I personally believe in Steve’s view that for an investment srategy to be successful it must be able to replicate in order to be effective.

Andrew

andysspott replied to the topic THE WRAP PACK in the forum The Treasure Chest 22 years ago

Hi
Ive read the outlining of his wrap pack and its very detailed. Like Steve he offers his assistance as well for 12 months. Its great info to have, and you can expect his seminar to be that and more.
all the best

Andrew

andysspott replied to the topic Melbourne meeting in the forum The Treasure Chest 22 years ago

Hi Felicity,
just seeing if i can pick your brain again on your wrapping strategy when you have some time.

thanks
Andrew
andrewsinvestco@hotmail.com

andysspott replied to the topic who is/is not buying at the moment in the forum The Treasure Chest 22 years ago

Hi Richmond,
i want to buy immediatly. It will be my first and i believe the right strategy for the right IP will make money.

andysspott replied to the topic Arghhh…is this 11 sec rule for real! in the forum The Treasure Chest 22 years ago

hi magnum
Found any in country regional victoria. pay spotter fee if u can

andysspott

quote:
Hi Spanner
Don’t despair, I have located an area within QLD where the 11 sec rule can be applied…..Chin up and keep looking these places do exist.
Magnum []