Originally posted by Dazzling:
Maybe – just maybe, some, not all, are little 22 yr old journo’s on 35K p.a. with no property experience at all.

Funny you mentioned that, isn’t 35K p.a. and 22 years old the average salary and age of the real estate agents and mortgage broker?

Clones

Originally posted by Mortgage Hunter:
What advice is that Clones?

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a…[Read more]

Originally posted by Dazzling:
Seeing as though you’ve put this article in the Help needed section, what help exactly are you seeking ??

Yes, you are right, I do not need help, I am giving some advice to anyone.

Clones

There are much better investment options out there at the moment.

I think the clowns are others.

Have Mortgage Hunter and Dazzling ever stopped talking the property market up without any real fact. Any comment in this forum about something wrong with the IP market is just wrong and based on their comments all the market is rose colour.

Keep believing it mate.

Clones

Originally posted by Mortgage Hunter:
Do either.

You wont lose your FHOG unless you move into an IP.

Whomever has advised you doesn’t understand it.

You can buy an IP post Jul 2000 and retain the FHOG. As long as you never make it your home by moving in you can still have the FHOG when you do buy a home.

Cheers,

Cheers,

Simon…[Read more]

Originally posted by Mortgage Hunter:
Sounds like a gross generalisation to me.

I am pretty much sure it sounds like that to you Mortgage Hunter

Originally posted by C2:
Hi Clones, why sell. A current IP would already have a lease in place so the drop in rents wouldn’t matter. I really can’t see tenants wanting to break their lease and have hassles with moving for a 5-10% drop in rent.

C2

Hi C2,

What you mean a current IP? Don’t the tenants change overtime and you need to find new…[Read more]

It just came to my mind another ritual:

Mentor Programs for money.

[blink]

Hi voigtstr,

I agree with you, as I said I am an invertor myself.

The problem here is that people want to get into the property investment without any knowledge and common sense about currect situation and that is a dangerous business.

Clones

Hi George,

That is good mate. I completely agree with you, if the market is overprice and people are willing to buy, start selling!!!.

Property is not only about buying and holding, it is about buying and selling when you can get a good profit, otherwise hold.

Clones

Hi Van Demon,

I guess we need more explanation.

OK – Land Value 450K (owned)
OK – House Construction Cost 750K (to be borrowed)

OK – Rent Gross ($800 /wk) = $41.6K

Costs:
Interest (8%) = 60K p/a
How many years are you going to get the loan for?
If it is 30y = 66,048 p/a

OK – Agent Commission (8%) = 3300
OK – Rates = $1500
OK – Insurance =…[Read more]

IP1 is CF+ but any extra goes to rates and insurance. Capital gain promises to continue steadily

Hi Milly

What do you mean IP1 is CF+ but the extra goes to rates and insurance. if you can’t pay all your expenses your property is CF-, you need to include insurance etc, and not only Mortgage repayments.

If this correct, you have 2 IP CF- and…[Read more]

Hi Meilin08

Is the grant available on the purchase of a vacant block of land?
No. The grant is only available for the purchase of an established home, a contract to build, an eligible new home or an owner builder.

Originally posted by jah:
Hi I read Steve’s book over a year ago, and read the electronic stuff all the time. But I haven’t done anything about it .. we still have a mortgage and 2 neg grd properties. Also I have started working for myself (left the corporate world).

Am scared of positive cash flow – even though I know the rationale behind it.…[Read more]

Originally posted by lifeX:

Interesting you must admit, that they still gave listed property shares such a good rap. Maybe property aint that bad, eh?

cheers.[]

Lifexperience

That is correct, but also property is not the only investment option out there that can give you a good return in the long run.

I also believe that shares will performe…[Read more]

Originally posted by lifeX:
Most people I know who buy and hold property plan to hold for 5-10 years maybe more.

It is easy to compare shares to property in any single year and note that they are 20% in 2005. Shares are historically more volatile and could go down 20% next year easily.

But the strategy from many seasoned property investors for…[Read more]

Originally posted by GPSNetwork:
Rent & Buy

Stay renting where you are and buy an investment prop. as this will give you the tax advantage you need to offset your tax paid and starts your investment journey..

Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.au

Hi joytony,

Never ever buy an investment…[Read more]

Hi Yasmina,

I am just running a couple of IP test on properties people buy, just for reference.

IP = $190,000
You put $19,000 from your pocket (Assumed)
Loan = $171,000 for 30 years 6% interest
Rent received after commision =
$230p/w x 52weeks= $11,960 – $2500 (costs) = $9460
Loan Repayments = $1,026/m x 12months = $12312

Let’s assume you are…[Read more]

Hi broughaha,

Check carefully what you are buying around those kind of towns, Broken Hill has a population decline of 10% in the last 10 years, in 1996 was 21,505 people. By 2001 the population was 20,425 now it is even less and whoever is selling in my opinion is moving out.

Or are you the one selling?

Just my thoughts, no recommendation at all.