Forum Replies Created
if you buy the IP in a company name you wont be entitled to the 50% capital gains discount.
Michael said it right, its alot easier to the get money out that way.
dont u mean 750k in debt each?
hey eveyone,
I always believed in cycles when coming to investments (i still do in regards to the share market), however i stubbled accross a few graphs today. Please correct me if im wrong (or the graphs are wrong should i say [biggrin])
From 87 on to 06 property has only had 2 years of backward growth (91 & 05) both following what appears to be a boom.
Why is it then that people are claiming a future bust in property prices? (im not saying your wrong so dont get angry) Is it to do with people being in bigger debt, increases in cost of living, baby boomers ageing etc?
im guessing you didn’t get your tax return done?
thanks for your replies bloss, youve been a big help.
what about this? it has alot of potential for CF+.
how do you know that mate?
look for two undervalued properties around 220k each and invest the rest in shares.
heres a 89k house that has potential. I think….
the above replies are all great advice…
when it comes down to it, do you really want to be paying someone elses house off?
if u can find a CF+ property than maybe renting might be a more attractive option. If it isnt CF+ than wouldnt this be the most likely scenario; ??? please correct me if im wrong…
1.you rent a house, and purchase an IP
2. your paying rent (money you wont see again)
3. your losing money (if CF-). interest rates may increase (now you are paying more for this IP)
4. your IP wont be getting much (if any) capital gain.And this is considering you secured long term tenants…
I will most likely get corrected on a few things there lol. Feel free to.
lol, was there a hint of sarcasm in that Mortgage Hunter??
im not experienced in property investing but i have met a fair few FP’s, Mort. Brokers etc as i work in an accounting office, and from what ive seen a good one can be worth their weight in gold. The hard bit is finding a good one. You may have friends who could recommend people to you.
thank you very much for that reply Duckster. That clears alot of things up.
Are there any other books, dvd’s, cd’s etc that anyone recommends?
thanks for replying christopher,
FHOG is something i will look into but I probaly wont live in my first IP.
the masterpack does have alot of info and is for beginners as well, and will be fairly straight forward for me to understand i think. I was just hoping someone could tell me about their experience with using it, and if the information is great (which im sure it is anyway). I just dont want to through around a few hundred that could be better spent on more quality books etc.
thanks.
thanks for your replies,
i do know abit about economics and I know the property market is weakening but i think there are ways to make money in any falling market.
As for reading those books ive read richest man in babylon, and at least 3 richdad poor dad books.
