Total Members: 159,187

Bandit

  • Bandit replied to the topic 11 ss also applicable to Commercial Property? in the forum The Treasure Chest 21 years, 2 months ago

    You really have to do the sums on each individual case. As long as it’s cashflow positive it’s OK by me.

    Make sure you take into account any possible fluctuation in your outgoings. Remember, the tenant won’t pay extra rent, but the electrics might break, the lease ends, interest rates rise etc.

    So long as you’ve got a built-in safety factor…[Read more]

  • Bandit replied to the topic 11 ss also applicable to Commercial Property? in the forum The Treasure Chest 21 years, 2 months ago

    Hey Monster, you just beat me to the punch. My screen flickered while I was typing and I thought someone must have gotten in before me…[8D]

  • Bandit replied to the topic 11 ss also applicable to Commercial Property? in the forum The Treasure Chest 21 years, 2 months ago

    One BIG error in your calculations. [:(]
    You have to divide the weekly rent by 2 prior to multiplying by 1000.

    Therefore.
    $351 per week / 2 = $175
    $175 x 1000 = $175,000

    Doesn’t actually fit 11 second solution. [:(] But don’t automatically write it off. Look at other options. Also remember, that the calculations are on the price the vendor wants…[Read more]

  • Bandit replied to the topic Mighty Brisbane Lions in the forum The Treasure Chest 21 years, 2 months ago

    Hey Pinky…… Rugby World Cup.

    Utt Ohhh. Lots more footy to come.[:D]

    Enjoy the coming weeks[;)]

  • Bandit replied to the topic first ip in the forum The Treasure Chest 21 years, 2 months ago

    I have only two words for you.

    EQUITY MATE!! – said with appropriate accent.
    (thanks to CBA)

  • Bandit replied to the topic All around the world in the forum The Treasure Chest 21 years, 2 months ago

    So true wayneL.
    I had that in my initial post, but somehow deleted it[:D]

    I’m sure overseas investing isn’t as simplistic as it might initially sound. Although I’d be happy to be proven wrong…. might even encourage me to get involved.[;)]

  • Bandit replied to the topic ” The time has come ” the walrus said.. in the forum The Treasure Chest 21 years, 2 months ago

    So Pinky you get to see Arty’s tats!!!! Do tell…….

  • Bandit replied to the topic All around the world in the forum The Treasure Chest 21 years, 2 months ago

    Investing overseas is certainly an attractive option, especially with the difficulty in finding quality positive cashflow properties. There must be plenty of issues that you HAVE to be aware of though. For example, Argentina is not just in a property recession, the whole country is in chaos…. Also, Argentina is reknowned for it’s volatile…[Read more]

  • Bandit replied to the topic How to find cashflow Positive Investments in the forum General Property 21 years, 2 months ago

    Jasonv,

    Do you have any idea of WHERE in Brisbane your friend has found positive cashflow…. None of the properties I have looked at have come anywhere near it. Being a Brisbane-boy myself I’m very curious[?]

  • Bandit replied to the topic Real Deals ? – 11 second rule in the forum The Treasure Chest 21 years, 2 months ago

    Ahhh, Rugby……… Go the WALLABIES!![:D]

  • Bandit replied to the topic 11 ss also applicable to Commercial Property? in the forum The Treasure Chest 21 years, 2 months ago

    I have seen some Commercial Property which easily accounts for the 11 second solution. Another great aspect to Commercial Property, as Steve describes in his book, is that the outgoings are frequently paid for by the tenant.[:)]

    Unfortunately, I’m still too poor in absolute terms to afford the deposit. Most of the truly lucrative deals (i.e. 30%+…[Read more]

  • Bandit replied to the topic spotters fees in the forum The Treasure Chest 21 years, 2 months ago

    Further to the initial thread……
    What sort of numbers do you think of when you hear “spotters fee”??? Are you talking flat amounts or percentages?

  • Bandit replied to the topic What does one listen to in the forum Forum Frolic 21 years, 2 months ago

    At present listening to the Warriors vs Panthers on the TV. Go Penrith!!

  • Bandit replied to the topic Property Investing and Tattoos ! in the forum Forum Frolic 21 years, 2 months ago

    Doesn’t it hurt like hell???? Never EVER thought about it simply because I think, actually I’m sure, I’m allergic to pain…… More power to you though.

  • Bandit replied to the topic when is enough .. enough? in the forum The Treasure Chest 21 years, 2 months ago

    A shameless quote “The world is never enough”.

    Another, “Greed is good” courtesy of Gordon Gecko Wall Street.

  • Bandit replied to the topic pssssssssst in the forum Forum Frolic 21 years, 2 months ago

    What the???

  • Bandit replied to the topic Mighty Brisbane Lions in the forum The Treasure Chest 21 years, 2 months ago

    Was it meant to be a GF??? Nobody told Collingwood…..

    Just kidding (all you ‘pies fans out there), they were simply outclassed on the day.

  • Bandit replied to the topic Need help to get started… in the forum The Treasure Chest 21 years, 2 months ago

    Great going poor student…… I actually bought my first property whilst a full-time student with the help of my parents. If they can help you or co-sign the mortgage you could certainly jump into the market.

    By the way, GREAT job with finding the properties in the first place. It’s getting harder and harder….. I’ve been looking solidly for…[Read more]

  • Bandit replied to the topic SE QLD in the forum The Treasure Chest 21 years, 2 months ago

    I have to agree. I bought my own residential unit before the boom here in Brisbane and it has appreciated ~50% in the last 2 years. [:D]

    I can’t seem to find anything locally (5km from city centre) that comes close to the 11sec solution. [:(]

    I’ll keep looking though…. who knows. [:)]

  • Bandit replied to the topic Mighty Brisbane Lions in the forum The Treasure Chest 21 years, 2 months ago

    Fantastic effort from the Brissie boys!! I was lucky enough to watch the game this afternoon with a group of mates and a wonderful NEC Projector (3.5m picture).

    Well deserved victory. What about a 4peat…….

  • Load More

Bandit

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