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Brett2
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@brett2
Join Date: 2003
Post Count: 29
October 7, 2004 - 6:48 am
generally speaking i believe that of the plan is a bit of a trap with IP’s. Do they give you a date for how long they will pay rent? and for how many years it is valid? I have seen cases where you are gaurenteed 9% on your investment for the first two years. and after that you are left with a house that is un rentabal and which you paid to much for.
“Earn money every time someone pays their phone bill” ask me how http://www.redapplepartners.com/brett
Brett2
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@brett2
Join Date: 2003
Post Count: 29
October 7, 2004 - 5:36 am
Congratulations blonde,
Once you have paid of some of your mortgage you can use it to buy your second ip then third. ect ect.
It gets easier after the first one.
Regards
Brett
“Those who say it can’t be done are being passed by the ones doing it.”
Brett2
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@brett2
Join Date: 2003
Post Count: 29
March 23, 2004 - 6:41 am
I think maybe you could change your stratergy a bit if there are know cash +ve and you want to invest in your area. then try looking at undervalued houses like morgagee sales ect and try to renovate them until you built up a bank.
Just an idea hope it helps
regards
Brett
“Those who say it can’t be done are being passed by the ones doing it.”
Brett2
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@brett2
Join Date: 2003
Post Count: 29
March 19, 2004 - 6:27 am
Just got 967.1 hit every mine. is a fun game not good for work though.
“Those who say it can’t be done are being passed by the ones doing it.”
Brett2
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@brett2
Join Date: 2003
Post Count: 29
November 17, 2003 - 3:22 am
Thank you all for your replies. Much appreciated
Brett
Brett2
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@brett2
Join Date: 2003
Post Count: 29
October 17, 2003 - 6:37 am
Add in another bedroom is a good one or if you are near a uni you can rent out each room which will equal more than one tenant. Agree to do odd jobs say mow the lawn for an extra $5 a week. Just a couple of ideas.
Brett2
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@brett2
Join Date: 2003
Post Count: 29
September 19, 2003 - 7:09 am
Hi all Sounds like us south aussies can have our own seminar but instead of money everyone might have to bring a dish[] I am from Kingston in the south east and would like to be part of your gathering of the minds. my email is [email protected] God to see some one willing to organise everything Your are a legend summo.
Regards Brett
Brett2
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@brett2
Join Date: 2003
Post Count: 29
September 19, 2003 - 6:17 am
If you own both and have good amount of land maybe a subdivision might be an option if you dont want the back yard. Depending on what blocks of land are worth at the moment and whether you have enough land.
Regards Brett
Brett2
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@brett2
Join Date: 2003
Post Count: 29
September 13, 2003 - 6:04 am
I believe you get what you pay for as steve says these free seminars can be very dangerous with their information. From what i know of jenman is that is against sertain investments. in my opinion i wouldnt go but it is your desicion. (you would learn more on this forum.)
Brett
Brett2
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@brett2
Join Date: 2003
Post Count: 29
September 12, 2003 - 11:58 pm
I have recently brought an investment property using the equity in my home so that all i had to come up with was the $1000 deposit for the agent. The only flaw against having your home tied in with your investment property is if you fail payments on either property the bank can take both properties from you to get back what they are owed. (this is my understanding of it.)
Brett2
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@brett2
Join Date: 2003
Post Count: 29
September 12, 2003 - 11:57 pm
I have recently brought an investment property using the equity in my home so that all i had to come up with was the $1000 deposit for the agent. The only flaw against having your home tied in with your investment property is if you fail payments on either property the bank can take both properties from you to get back what they are owed. (this is my understanding of it.)
Brett2
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@brett2
Join Date: 2003
Post Count: 29
September 8, 2003 - 6:31 am
Dear Aussierouge,
I have a baby due oct 28 have been through every baby book and cant think of any boys names that we both want. we agreed on a girls name straight away. (we dont know what we are having kept it as a surprise) Any sugestions would be helpful or baby name sights.
Regards Brett
Brett2
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@brett2
Join Date: 2003
Post Count: 29
September 4, 2003 - 10:27 am
i dont understand why so many people like jenman. Is he an investor? Not that i am aware of He is an agent. which is who he pays out. Listening to him about investing is like asking a bricklayer how to bake a cake.
Brett
Brett2
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@brett2
Join Date: 2003
Post Count: 29
September 3, 2003 - 10:14 am
I was involved in a network market company for a while i realy liked the product but the people kept pushing me to sell it and buy more in the end i just got out of it. Piramid schemes tend not to have any products to sell where network marketing is just selling a product or in my instance it is all about selling the business not the product.
brett
Brett2
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@brett2
Join Date: 2003
Post Count: 29
September 3, 2003 - 9:41 am
high victoria I am only 24 and have 2 ips it helped that i was working 2 jobs and living at home until i was 22 saved alot of money. i brought my 1st property earlier this year only a cheapy but a very good experience.
Brett2
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@brett2
Join Date: 2003
Post Count: 29
September 3, 2003 - 9:28 am
All looks gd. I dont think you should worry about interest rates going back over 10 the econnemy cant afford it i think if you budget up to about 8.5 you should be pretty safe (this is only my opinion) all my calculations are based on 8.5% interest if i cant afford it with all my loans at 8.5% i wont buy it or i will find a bigger deposit.
brett
Brett2
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@brett2
Join Date: 2003
Post Count: 29
September 3, 2003 - 9:07 am
I have 2 properties 1 +ve geared which payes of the other wone which is in a good capital growth area and i heard that interest rates stayed the same 15month in a row. Not bad
Brett
Brett2
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@brett2
Join Date: 2003
Post Count: 29
September 2, 2003 - 11:37 am
I had no idea what i wanted to do appart from investing so i decided to become a real estate agent to get a better understanding of real estate.
Brett
Brett2
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@brett2
Join Date: 2003
Post Count: 29
September 2, 2003 - 11:24 am
I am on a commision bassed wage so it changes from month to month being a real estate agent. And am expecting my first baby due 28th oct cant wait. But i survive well and can invest on less than 40k at the moment. I just work on a min amount what i earn over that goes in to investing.
Brett
Brett2
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@brett2
Join Date: 2003
Post Count: 29
September 1, 2003 - 12:08 pm
i am a real estate agent (one of the good ones) The answer to the question is that a vendor can have as many contracts offered to him as he wants and then choses which one is the best. The agent can then get all the purchasers to put in their best and final offer. Unfortunately until the contract is signed by both parties it is not valid. And it is the agents job to get the seller the best price.