To illustrate the ‘Its unfair how much they charge’ issue I will point out two basic business rules.

1. You can only charge what the market will pay.
2. Value = percieved benefit / price

In this case the market is obviously paying the price, and they have plenty of people signing up. So, from a business point of view, the price is spot on……[Read more]

Sounds sweet.. slide a copy down to…

tvandoore[at]hotmail.com

Muchly appreciated…
tim

Money is an elastic resource, it can be created. Time is not.

Wizzzard,

Which part is the nessy-sarah-lee bit??? my understanding of the CGT law or my final statement reguarding renting???

Just want to make super-sure I have my facts straight….

cheers
blowie

Money is an elastic resource, it can be created. Time is not.

This is true, however after you move out and start renting the ‘new’ IP, you cannot establish a new PPOR. When you do you lose the CGT exemption from the original (PPOR now IP), and it moves to your new PPOR. This stops investors avioding CGT altogether simply by living in the place for a little while.

This will work if, for the six years, you…[Read more]

I have looked into student loans before I started uni. I was pursuing a career as a pilot at the time, and needed extra funds to continue training. Most institutions only gave loans for about $5 – $10k, not enough cash to go furthur with my training (let alone buy a house)As far as I know the must be used for education purposes.
On the upside…[Read more]

Thanks for sharing, twas a good read.

cheers
blowie

Money is an elastic resource, it can be created. Time is not.

Jaffasoft,

I believe that Risky has a very important point for you to consider…

cheers
blowie

Money is an elastic resource, it can be created. Time is not.

hey Charchie,

$60k is dirt cheap… i would guess the floor area would be small (40m2 or less), and if this is the case you may have a little more trouble getting finance if you want to borrow over 75% lvr.

When it comes to body corp fees, though…. o my gosh. My guess would be: highrise, a few elevators, gym, pool, sauna… These can be a real…[Read more]

You may find it quite challenging to muster up the resources to begin your portfolio. I am a student as well, and it seems there is a lot of us on here. Perhaps we can get a little networking going between people in similar situations. Students looking to fund uni and get experience while they are still young. More difficult without a good,…[Read more]

Risky,

I would imagine this would have the potential for good cashflow. Are you planning to go forward with this or not due to the reasons you just stated????

cheers
blowie

Money is an elastic resource, it can be created. Time is not.

Thanks for those…. Maybe I should look around before I ask a question…

But still, I see all these little spreadsheets and programs going to and fro via email and I was thinking that if it was in one place it would be easier.

thinking out loud…
blowie

Money is an elastic resource, it can be created. Time is not.

Guys,

If you really want to factor in inflation, just subtract the inflation % from your yearly return %. This will give a relative dollar value.

I believe that the title of ‘millionaire is more of a milestone rather than a destination, whether their million is worth less than todays (or yesterdays) dollar is irrelevant when you conceive it as a…[Read more]

The way I read it, I assumed you dont live in the place at all. ‘Rent out several houses near unis…..’. Sorta like a business on the side.

blowie

Money is an elastic resource, it can be created. Time is not.

Back to the talk of s.i.s’s investment statement on his signature, (which we all get to read often enough…) you can find a calculator here –>

http://www.theenlightenedway.com/tools/mil_calc.shtml

This is a nifty little thing, and it beats using excel or worse… a pen and paper.

cheers
tim

Money is an elastic resource, it can be created.…[Read more]

Care to share any details??? How did you approach the landlord???

any insight appreciated
tim

Money is an elastic resource, it can be created. Time is not.

quote:
I have read the book and have to say I though it was a great read. It was amazing how they used the principles back then to make money, as it is a true story based on stone tablets found in the desrt. It really changed the way I thought about money and savings.

The laws of money have always been the same, it is only peoples understanding…[Read more]

You must think outside the box. All the ones in the box are already snapped up, unless you have good connections. Be creative in your search. Get information anyway you can. And keep reading books. 1 or 2 books wont make you literate in the area. Sadly, whats most important is taking action on your aquired knowledge, and this can be frustrating in…[Read more]

Always investigate carefully. Youll find that good deals very rarely (if ever) get stuffed in your face. Trying not to sound like a broken record, but do your Due dilligence always. Time spent here is always well spent.

best of luck
tim

Money is an elastic resource, it can be created. Time is not.

SiS

very interested also… please tell. I myself am still at school at 21 (uni actually) and am having a challenging time getting started whilst on uni student income. What do you attribute to your sucess thus far???

cheers
tim

Money is an elastic resource, it can be created. Time is not.

Sorry to be stupidly obvious, but is it an Australian book? Ive spent ages trying to find out stuff before, only to find out the strategy/rule cant be replicated here. Worth a check, as it seems to be a contradiction…

cheers
tim

Money is an elastic resource, it can be created. Time is not.