Forum Replies Created

Viewing 5 posts - 1 through 5 (of 5 total)
  • Profile photo of calmcalm
    Participant
    @calm
    Join Date: 2005
    Post Count: 8
    May 27, 2005 - 11:28 am

    I must have posted to late or in the wrong forum.

    I have one more question and hopefully I’ve posted in the right spot. We have just met with an accountant who was able to explain trust structures, knew cutoff dates for depreciation, has access to resources if we wanted to invest in another country and seemed pretty switched on, someone that we could feel comfortable with.

    My concerns are:

    He said residential property, as a rule in general, has only 3% growth in the long term (unless you get really good CG). He also bought up food for thought in relation to all of the baby boomers, all of the property they own and the current decline in the population – a future glut in residential property perhaps?????

    Forgive my naivete. I’d appreciate your thoughts.

    Thanks
    Leanne[upsidedown]

    Profile photo of calmcalm
    Participant
    @calm
    Join Date: 2005
    Post Count: 8
    May 23, 2005 - 10:52 pm

    Thanks everyone

    Will do further research on buyers agents as I’m really worried about mucking up the first one and then being scared to move ahead. We’ve thought about finding a baby +ve for <$100K ourselves, just so we can find our feet in the whole process. What do you think??

    Cheers
    Leanne

    Profile photo of calmcalm
    Participant
    @calm
    Join Date: 2005
    Post Count: 8
    May 23, 2005 - 2:33 am

    Thank you everyone for your replies. You’ve provided a lot of things to consider.

    I may have seemed a bit flappy in my original post. I was getting bogged down with info and was starting to drown. We are looking for properties that are +ve or nearly +ve (that won’t cost much per week). Our aim is 15 properties in 10 years or less. I have taken the time to read previous posts in this Forum and must say a big thank you to those of you who take the time to reply to us obvious newbies.

    We are asking everyone we speak to about investing, most are happy to provide horror stories and sometimes we may hear of a friend of a friend type thing.

    I guess the rich get rich by doing what the poor people don’t.

    I’ll stop, take a breath and take time to digest all the info and then ask more questions when needed.

    Thanks again for your time.
    Leanne

    Profile photo of calmcalm
    Participant
    @calm
    Join Date: 2005
    Post Count: 8
    May 23, 2005 - 12:09 am

    As a newbie< i can certainly vouch for that.

    We are talking to as many people as possible and most of them are happy to tell us their horror stories. Good for the rest of us that most people take notice and get sucked in by the scare tactics!!

    Cheers
    Leanne

    Profile photo of calmcalm
    Participant
    @calm
    Join Date: 2005
    Post Count: 8
    May 21, 2005 - 11:10 pm

    Thanks for your reply.

    I didn’t think that mortgage advisors could give advice. We are currently obtaining finance and will be ready to go in a matter of weeks but our mortgage advisor kept saying that she couldn’t really give any advice etc. Something about tax????

    Further investigation of this site has revealed some very useful information to run with. I’ll post a new topic asking for where people think $200K would be best invested.

    We’ve been given a tip on Broken Hill – any thoughts??

    Thanks again – appreciate your feedback

    Leanne

Viewing 5 posts - 1 through 5 (of 5 total)