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Viewing 9 posts - 1 through 9 (of 9 total)
  • Profile photo of andysspottandysspott
    Participant
    @andysspott
    Join Date: 2003
    Post Count: 9
    September 12, 2003 - 10:20 am

    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 top of your mortgage if any for yourself.

    best regards
    Andrew

    Profile photo of andysspottandysspott
    Participant
    @andysspott
    Join Date: 2003
    Post Count: 9
    September 12, 2003 - 9:55 am

    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

    Profile photo of andysspottandysspott
    Participant
    @andysspott
    Join Date: 2003
    Post Count: 9
    September 12, 2003 - 9:31 am

    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 regards

    Andrew

    Profile photo of andysspottandysspott
    Participant
    @andysspott
    Join Date: 2003
    Post Count: 9
    September 12, 2003 - 9:18 am

    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

    Profile photo of andysspottandysspott
    Participant
    @andysspott
    Join Date: 2003
    Post Count: 9
    September 11, 2003 - 9:42 am

    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

    Profile photo of andysspottandysspott
    Participant
    @andysspott
    Join Date: 2003
    Post Count: 9
    September 11, 2003 - 9:28 am

    Thanks Paul. I have been sourcing a lot of products. This is a great site: http://www.positivecashflow.com There is some good resources in here you might be interested in. I heard Steve’s buying around 10 properties a month. This is great. It just shows that it is possible if we use his system and take the right action.
    thanks again
    Andrew

    Profile photo of andysspottandysspott
    Participant
    @andysspott
    Join Date: 2003
    Post Count: 9
    August 24, 2003 - 12:20 pm

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

    thanks
    Andrew
    [email protected]

    Profile photo of andysspottandysspott
    Participant
    @andysspott
    Join Date: 2003
    Post Count: 9
    August 19, 2003 - 6:38 am

    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.

    Profile photo of andysspottandysspott
    Participant
    @andysspott
    Join Date: 2003
    Post Count: 9
    August 10, 2003 - 1:41 am

    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 [:D]

Viewing 9 posts - 1 through 9 (of 9 total)