Total Members: 159,074

AUSMaverick

  • AUSMaverick replied to the topic Double dip “W” – Recession (the pessimists will love this !) in the forum Heads Up! 13 years, 2 months ago

    "W" – ARE WE THERE YET ?? ……………. maybe not quite, however 2012 should deliver some arcing & sparking !!     so with the stockmarket volatility & a flat/declining AUS property market, while we wait for this crisis to run its race, where should investers park their money?         How about GOV bonds or fixed term deposits ??? Maveric…[Read more]

  • AUSMaverick replied to the topic Benefits of Cross Collateralising in the forum Banker,Terryw,Qlds007. – 14 years, 6 months ago

    Banker,Terryw,Qlds007. – great posts !  as someone with a significant cross – collateralise IP portfolio.         I am in the middle of aapplying for an  increase in LOC with my favourite  bank, with a current LVR of 46% & acceptable serviceability, I should be able to report on the outcome next week.My 10 year personal dealings with my banker, ha…[Read more]

  • AUSMaverick replied to the topic October 09 Property Crash Begins in the forum General Property 14 years, 11 months ago

    John,Really fine, rationale & measured comments John !  Your investment experience ( or is it your age ? …….shines through :-) )Thankyou

  • AUSMaverick replied to the topic Double dip “W” – Recession (the pessimists will love this !) in the forum Heads Up! 14 years, 11 months ago

    mattnz,Great factual & realistic reply !  I concur with your comments (although the optimist in me has just sent out another search party looking to take a photo of the current green shoots ?) before they are overwhelmed & completely disapear………..by the reality of what IS really going on with the GFC.Yeah ! China fudging the books cant l…[Read more]

  • AUSMaverick replied to the topic 11 second sloution in the forum Help Needed! 14 years, 11 months ago

    bach87 – if you do a search "books" on this site you will find plenty of info !However one of my previous posts below should help you get started.I have found it is wise to concentrate on the Australian authors & suggest new  IP investors start by reading the following books in this order:1. Jan Somers – building wealth through investment prop…[Read more]

  • AUSMaverick replied to the topic Decision time in the forum Help Needed! 14 years, 11 months ago

    Jeneb,I am truely sorry to hear of your misfortune at this stage of your life, but as Duckster correctly says in his post . . . ."You are in a real predicament If you sold all your shares you still have to find $85,000 to pay off the debt shortfall.Hopefully you have other assets to sell or borrow (not with a margin loan) against to pay off the…[Read more]

  • AUSMaverick replied to the topic Beginner Investor. Recommend me some useful books in the forum Heads Up! 14 years, 12 months ago

    Ed,I have found it is wise to concentrate on the Australian authors & suggest new  IP investors start by reading the following books in this order:1. Jan Somers – building wealth through investment property (an excellent read & starting game plan for novices)2. John L Fitzgerarld – Seven steps to wealth (similar approach to Jan, easy to foll…[Read more]

  • AUSMaverick replied to the topic what is spec home in the forum Legal & Accounting 15 years ago

    garg – It's been a long time since I was involved in the building/marketing  of SPEC homes, however………….a SPEC home is when a Builder,Developer or Property investor/company puchase residential land & build a new home or homes on it (usually & hopefuly when the R/E market is hot & there is a big demand from buyers)For  profit reasons they w…[Read more]

  • AUSMaverick replied to the topic Investing Strategy help when low on cash flow in the forum Help Needed! 15 years ago

    wealth4life,lucigoosey posted 24 OCT 2009."I am new to IP and have been reading a book by Michael Yardney – How to Grow a multi million dollar property.He mentions an investing technique where you for instance borrow an extra 50,000 when buying an IP so that you can meet the interest repayments on the property without being out of pocket. This…[Read more]

  • AUSMaverick replied to the topic Investing Strategy help when low on cash flow in the forum Help Needed! 15 years ago

    Lucigoosey,100% + IP borrowings:What Michael Yardney says in the book you are reading that as an IP investor when you buy your next IP, you use the equity in your existing properties that will then allow you to borrow 10% PP + purchase costs + legals + a little extra to cover any immediate repairs you may be required to undertake etc. For…[Read more]

  • AUSMaverick replied to the topic October 09 Property Crash Begins in the forum General Property 15 years ago

    Joel, ""a pessimist is someone who complains about the noise, when opportunity is knocking at the door" "the same kind of thinking that got you to where you are, will not get you to where you want to go"

  • AUSMaverick replied to the topic October 09 Property Crash Begins in the forum General Property 15 years ago

    ……………………"Lets be real. Property has been flat for last 3 – 4 years relative to inflation"  ??    Flat prices-where in Australia/when ? – Novice investors should not believe sensational media hype headlines, Australia is NOT just ONE property market each state & city is in it's own part of it's own cycle.        Just to prove this…[Read more]

  • AUSMaverick replied to the topic Line of Credit in the forum Finance 15 years ago

    Richard – as you are the experienced professional in this area your continued advice & caution regarding the use and or availability of using funds from LOC is very prudent  & appreciated.       In this present financial climate establishing/increasing a LOC is not assured.I have a low LVR (not as good as yours) but only 44%  and a 20 yr + relati…[Read more]

  • AUSMaverick replied to the topic Line of Credit in the forum Finance 15 years ago

    Fredo_4305 – I have been using the Wespac Equity Advantage for about 3 years now, the service, staff cooperation/response has been quite good their  LOC interest rate tracks their current variable rate.

  • AUSMaverick replied to the topic Australian residential property investment books in the forum Help Needed! 15 years ago

    Zenny & JD86 – thanks for the feedback your both off to a great start, if you take action & apply what those smart IP authors suggest you both should be quite wealthy in 7-10 years, especially as we are now at the start of another property growth cycle in many places around AUS, now is a very good time to buy the right property in the right…[Read more]

  • AUSMaverick replied to the topic Hotels & Resort for Sale/ Rental in the forum Commercial Property 15 years ago

    Are you able to provide an approximate (upper/lower limit) price guide for the hotels you have for sale in Bali & location details.

  • As Terryw said compile a spreadsheet & do the numbers & you will find  that by deferring your home purchase for a property cycle about 7 years &   buying 2 cheaper investment properties, capital growth & cash flow  bonus of Tax/depreciation deductions & interest deductions will ensure you will be way ahead, you can then use the accumulated equity…[Read more]

  • AUSMaverick replied to the topic What to believe? in the forum Help Needed! 15 years ago

    xya & bootross have provided sound & very useful comment, it is wise to concentrate on the Australian authors suggest you try some in this order:1. Jan Somers – building wealth through investment property (an excellent read & starting game plan for novices)2. John L Fitzgerarld – Seven steps to wealth (similar approach to Jan, easy to follow s…[Read more]

  • AUSMaverick replied to the topic What to believe? in the forum Help Needed! 15 years ago

    xya & bootross have provided sound & very useful comment, it is wise to concentrate on the Australian authors suggest you try some in this order:1. Jan Somers – building wealth through investment property (an excellent read & starting game plan for novices)2. John L Fitzgerarld – Seven steps to wealth (similar approach to Jan, easy to follow s…[Read more]

  • Most suburbs within 10km radius of CBD should present good medium term/long term growth at this stage of the Adelaide property cycle, I am looking just outside of this range at Brighton & South Brighton.

AUSMaverick

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