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Viewing 20 posts - 661 through 680 (of 947 total)
  • Profile photo of aussierogueaussierogue
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    @aussierogue
    Join Date: 2003
    Post Count: 983

    hi

    cashflow properties are still attractive. i think income rather than growth is the best bet for the next few years – big generalisation but what you dont want is little income (low yield) and poor if not negative capital growth.

    Profile photo of aussierogueaussierogue
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    @aussierogue
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    if i was unsure as to the value of a property i would ask a valuer (see yellow pages) or use a buyers advocate wch can be another realestate agent. you cn pay them a fee to act on yr behalf.

    cheers

    Profile photo of aussierogueaussierogue
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    @aussierogue
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    hey pinky – mail order businesses are huge in canberra.

    all types of products!!!

    Profile photo of aussierogueaussierogue
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    @aussierogue
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    no problem – they are meant to inspect and value the property once you apply for a loan but generally unless you have paid way too much they accept what you pay for it – in the end. if that makes sense???

    best to get it valued independently and if the bank dont agree then you have a case to argue!

    remeber that the banks main aim is to sell you a mortgage not to police the price you paid for it.

    cheers

    Profile photo of aussierogueaussierogue
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    @aussierogue
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    thanks start, i realise that – i should never of posted this one

    sorry!

    Profile photo of aussierogueaussierogue
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    @aussierogue
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    ambo72

    g’day – you cld get yr property valued by an independant valuer! most people go by recent sales in the area.

    cheers

    Profile photo of aussierogueaussierogue
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    @aussierogue
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    chan – ive seen the movie. thanks for the tip!

    ps – im serious yr last line doesnt make sense – nothing personal

    Profile photo of aussierogueaussierogue
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    @aussierogue
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    Post Count: 983

    g’day chan – at the risk of being a smart…e.

    i love the captions at the end of your messages except the current one states ‘keep running yrour nearly at the end of financial freedom. ie if you keep running your about to enter a period of financial imprisonment….[:D]

    i hope there is a sign saying wrong way go back!!![:D]

    Profile photo of aussierogueaussierogue
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    @aussierogue
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    hi houses only – i was in china a few months ago on business. whilst some of what you say is right plse be careful thinking china is the same china that we have seen portrayed in the media over the years. china has huge cash reserves, standards of living have increased dramantically – big middle class, and wages are on the way up. and yes it has happened incredibly quickly. people are comparing this progress to the industrial revolution in europe and what happened in japan during the 70’s. remeber when ‘made in japan’ was a dirty word. chances are you dont! which is my point. things can happen quickly.

    having said that there are no guarantees but what is happening over there is huge!!!!!

    cheers

    Profile photo of aussierogueaussierogue
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    @aussierogue
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    housesonly – dont be too dogmatic. ausproperty is right there is strong sentiment the usd has some way to go. the aud was massively undervalued.

    i remember a few months ago you also said that china had a long way to go before being a powerhouse…..

    look whats happened…..

    i agree with most of the stuff you say but sometimes you think a little too locally…

    im a trader and my job is to see world trends as they happen. not big noting just my 2 cents

    Profile photo of aussierogueaussierogue
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    @aussierogue
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    with ref to houses only and steves interest in franchises. just beware they dont all work…my family used to own a pizza haven. some less than scrupulous franchisors make their money from selling the franchise. therefore if one doesnt work they will happily buy it back and onsell it to someone else. the problem i have is that as an investor you lack control and you lose the ability to diffentiate yr product. having said that im sure alot of people have made heaps of money.

    area for realestate growth – my tip is industrial warehouses – especially catering for import companies. with the high aussie dollar here to stay we will see imports rise and thus the need to store the inward goods. warehouse space near airports/ shipping ports etc should be good and the yield should be healthy..

    cheers

    Profile photo of aussierogueaussierogue
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    @aussierogue
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    Post Count: 983

    hi there

    my thoughts are

    usa economy – could be on the improve but the debt is massive so still alot of questions

    interest rates – only a 50 pct chance they will go up in the short term.

    still reckon risk managment the way to go – evenly spread across my portfolio. must admit havent seen the drop in the re market that was expecting. people feel rich at the moment – houses have appreciated to such an extent that if the worse thing that happens to you is that you have to downsize then life is pretty good!

    as steve has drummed into us though cashflow is the key. what i want to know is how does one have a big mortgage, nice car and pay 15 k per year per child to send them to a private school. ouch!!!!!!!

    ive bought a few stocks on margin with good dividends fully franked. need a few more properties and then might be partially on the way…

    whats interesting is these new mortgage products for baby boomers – the reverse mortgage. so the baby boomers are gonna have there cake and eat it too…

    hehehe!! all good fun

    cheers

    Profile photo of aussierogueaussierogue
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    @aussierogue
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    KAY – I LIKE YOUR POSTS…..[:D] DONT GET ME WRONG…

    ALL THIS GYM TALK HAS GOT ME FATIGUED…

    BEER MMMM!

    Profile photo of aussierogueaussierogue
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    @aussierogue
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    Post Count: 983

    my tastes are very similar to kurious. you must be in yr early thirties. throw in buffalo tom, billy bragg, ron sexsmith, radiohead and beck. did i mention kiss…

    cheers

    Profile photo of aussierogueaussierogue
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    @aussierogue
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    Post Count: 983

    hi guys – long time no speak. i can guess why the forums are quieter. its because the new format is less confrontational. tis difficult to get on yr high horse when you know that the object of yr derision cld be 1 of 10 other forums. its like a boxing match. if the blows arnet traded quickly the audience will lose interest…

    its probably a good thing, but i miss a bit of badaboom….

    Profile photo of aussierogueaussierogue
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    @aussierogue
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    Post Count: 983

    hi sooshie

    merry x’mas to you and all the other members

    heres to buying more property in 2004…..

    Profile photo of aussierogueaussierogue
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    @aussierogue
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    Post Count: 983

    hi toystory

    first property i bought i offered 25 pct lower than what they wanted. sold….

    i think the practice only works in the right market ie conditions are right for the strategy..interest rate rises, lots of property on the market, property been on the market for more than 2 months etc etc

    by the way i dont think low balling has anything to do with ethics. if the price is too low the vendor should say no….

    good luck

    Profile photo of aussierogueaussierogue
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    @aussierogue
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    Post Count: 983

    oh yeh – one last thing. blve the rule says that you must complete the building w/in 12 mos or can only claim 12 mos – or something to that effect..

    Profile photo of aussierogueaussierogue
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    @aussierogue
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    Post Count: 983

    sue – good question. i guess the way i would prove is that the loan is an investment loan and that i have stated from the very beginning that i intend to use the house once built, as an investment property. what happens if i change my mind??? not sure……….

    Profile photo of aussierogueaussierogue
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    @aussierogue
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    Post Count: 983

    g’day

    it was an interesting piece of info i got from api magazine a few months ago and because i was building on a vacant block it stuck in my head. went to see my accountant who said it cannot be done but i asked her to look into into. im not sure of the actual rule but she came back and after some checking confirmed that it is possible. i have to wait until the next tax return to check it out. in the mntime ive been keeping all my travelling rcpts, etc etc and intend to claim the lot…

    the reason it entered my conscience once again was an atricle in the most recent api magazine pg 84 where the author states that the property ‘must be rented or available for rent’ in order to claim tax – this is not technically true.

    come on you accountants out there see if you can present a case to backup this claim

    cheers

Viewing 20 posts - 661 through 680 (of 947 total)