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  • Profile photo of aussierogueaussierogue
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    @aussierogue
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    July 28, 2003 - 7:15 am

    g’day richmond

    maybe u cld get stuart onto ‘who wants to be a millionaire’ and kill two birds with one stone.

    rich and enlightened

    Profile photo of aussierogueaussierogue
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    July 28, 2003 - 4:43 am

    sounds like a fair arguement. would have thought 2 years a bit short. timing is anyones guess

    cheers

    Profile photo of aussierogueaussierogue
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    July 28, 2003 - 12:29 am

    although im loathed to reply to this topic. mini the references you are using ie richmastery, property seminars, api magazine – they sound a little unbalanced as far as reference material goes.

    im guessing you also have a vested interest that the market goes up or you wouldnt be so positive. i think if we were on a forum board for shares there would be similar one sided views

    my 3 cents

    Profile photo of aussierogueaussierogue
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    July 25, 2003 - 7:57 am

    maybe cgt is payed pro rata for the amount of time you rented it out..

    just guessing

    [8)]

    Profile photo of aussierogueaussierogue
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    July 25, 2003 - 5:43 am

    why not make 100 offers 30 pct below the market and see what pops up. in melbourne (docklands area) i have heard of investor groups, say 10 people each putting in 100k, and they basically have registered themselves with all the local realesate agents waiting for fire sales. aparently
    there have been the occassional bargain ie 30 pct reductions, but the details never make the press as everyone has a vested interest to keep the sale ‘off market’.

    i reckon if you can get a ‘legitimate’ 30 pct off anything then its a good deal..

    Profile photo of aussierogueaussierogue
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    July 25, 2003 - 3:23 am

    primary place of residence

    Profile photo of aussierogueaussierogue
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    July 24, 2003 - 7:06 am

    you’re alright westan – i heard its easier to win the lottery in new zealand.

    Profile photo of aussierogueaussierogue
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    July 24, 2003 - 4:46 am

    i work on st kilda rd – and can tell you sth yarra and prahran have lots of vacancy signs outside. also driving around templestowe and doncaster, fitzroy etc lots of ‘for lease’ signs.

    2 years ago i cant really remember seeing any ‘for lease’ signs.

    Profile photo of aussierogueaussierogue
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    July 24, 2003 - 4:44 am

    g’day muppet. i think yr trying to say that picking if the market is going to bust is had as trying to pick the winning lottery numbers.

    i think you’ll find the odds are a lot shorter..

    surely investing a little more complicated than that…

    ps – im sure you just being faciscious (spelling)

    he he
    [:D]

    Profile photo of aussierogueaussierogue
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    July 23, 2003 - 6:10 am

    hi ms elvis – if youre in a hurry then yes interest only seems to fit your purpose. my only advise is that even though a p&i loan will affect your servicability and therefore your ability to purchase more properties sooner, there is also the issue of what is the best strategy in the current climate. i know sometimes i want everything ‘now’ and have to stop myself from making investment decisions purely on the basis of having my cake as quickly as possible. i only started investing recently and have resigned myself to the fact that it will probably take me a few years longer to reach my goals than those who were lucky enough to invest in property 5 years ago. theres nothing i can do about the cyclical nature of the market w/out taking too many risks. this is my opinion only and maybe you have a better way of managing your risk. im sure there are heaps of othersw on the forum who would only use take out an interest only loan

    ill get back in my box now

    cheers

    Profile photo of aussierogueaussierogue
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    July 23, 2003 - 5:12 am

    g’day ms elvis. its up to you. many people like interest only loans. however in the current climate (hot hot hot) alot of people reckon P&i the best way to go as better of building some equity. depends on your penchant for risk.

    Profile photo of aussierogueaussierogue
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    July 23, 2003 - 5:05 am

    thanks for the advise del. good to hear yours working out well. cheers

    Profile photo of aussierogueaussierogue
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    July 23, 2003 - 5:03 am

    g’day ms elvis – i think minis returns are not quite the norm – good on her there seems to be good deals in nz. yours sounds about right.

    keep rockin

    Profile photo of aussierogueaussierogue
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    July 23, 2003 - 12:19 am

    re: david shwirmer site. he must be taking a break from taping ‘friends’. good to see hes diversifying

    Profile photo of aussierogueaussierogue
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    July 23, 2003 - 12:15 am

    thanks mini for your post. i really think this helps provide some perspective. it took some courage. although with the returns you were mentioning sounds like your on a sure thing anyway.

    please let us know how you go

    Profile photo of aussierogueaussierogue
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    July 23, 2003 - 12:09 am

    thanks westan

    hundreds my exageration – but 30-40 seems about right. i checked realestate.com.au rentals and rang a few agents.

    will let ou know what i find

    cheers

    Profile photo of aussierogueaussierogue
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    July 22, 2003 - 6:18 am

    g’day – i noticed when scanning the net that traralgon seems to have quite a few ‘close’ to +ve cashflow properties. ie sale price 70-90k with promises of 140-160 per week returns. this really sparked my interest until i also did a search on houses for rent in the same area and discovered that there are hundreds of houses looking for tennants. these seem to be recently listed also.

    have others found this problem? even if you find one with a ready made tennant with all the new investment properties on the market what is stopping them from jumping ship and finding something cheaper.

    i was heading down there for a trip this weekend to see what i can find out. anyone with an ip in traralgon or other arwas who may have experienced this problem??

    Profile photo of aussierogueaussierogue
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    July 21, 2003 - 12:42 am

    guilty as charged.

    i just think that amongst all the great success stories, they need to be temepered with some stories, ideas of what could go wrong. im sure some posters, myself included, are playing the devils advocate to a certain extent. this will make people feel uncomforatble.

    personally i thank some of the posters especially ‘westan’ who rather than being negative shows great thought in his posts and shows the courage to paint a less than rosy picture.

    maybe one of the categories in the new format can pertain to ‘market direction’ so those who dont want to read about the market dont have to

    cheers

    Profile photo of aussierogueaussierogue
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    July 21, 2003 - 12:14 am

    g’day all

    hi mini. youre friend whose a grain trader. i probably know him/her!!! gotta name??

    im a trader also hence i know a little about markets and the way they work. im probably too negative though due to some of the experiences ive had being a trader.

    i agree with you. i guess the point is always being in a position to change. if you over expose yourself it becomes difficult.

    cheers

    Profile photo of aussierogueaussierogue
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    July 18, 2003 - 5:01 am

    thanks sooshie. the fundamental thing is diversification. if you hedge your bets you cant go wrong. from what im reading on the forum most people are diversified but only from within the one asset class – ie property.

    g’day richmond – its a great goal to have – one i would also love. the problem is what if everyone had the same goal. who would do the work. i think this is whats happening now and hence the bubble. the market will reach a point whereby it can only accomodate a certain amount of passive income investors. sooner or later soemone needs to do the work. the practicle side of this is the diminishing rental returns. soem would argue we are close to that point

    cheers

Viewing 20 posts - 921 through 940 (of 947 total)
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