Forum Replies Created

Viewing 20 posts - 1 through 20 (of 23 total)
  • Profile photo of dagsthedudedagsthedude
    Member
    @dagsthedude
    Join Date: 2003
    Post Count: 26

    i like t check out the stats in the butcher shops and sometimes the chemists have heaps of deals oh and go to your locak milk bar they have stacks………

    dags nobody
    the hippie investor

    Profile photo of dagsthedudedagsthedude
    Member
    @dagsthedude
    Join Date: 2003
    Post Count: 26

    hee hee

    i like it.

    dags nobody
    the hippie investor

    Profile photo of dagsthedudedagsthedude
    Member
    @dagsthedude
    Join Date: 2003
    Post Count: 26
    Profile photo of dagsthedudedagsthedude
    Member
    @dagsthedude
    Join Date: 2003
    Post Count: 26

    how is this property negatively geared?

    Rental income is $180.00 per week and loan repayments are $215.00 per month at 6.57% P/I. This includes costs for rates, insurance etc.

    $9360 p/a rental return
    $2580 p/a mortgage costs

    $6780 cashflow yes?

    you also have $68000 eqity for leverage into other properties man.
    Not too bad a scenario to be in

    dags nobody
    the hippie investor

    Profile photo of dagsthedudedagsthedude
    Member
    @dagsthedude
    Join Date: 2003
    Post Count: 26

    lol

    good one melbear!

    i feel for these people, truly i do.

    i get lost in the easiest scenarios but come on….
    all youy gotta do i puch in a cupla words and hey presto, you got MORE info than you probably would have needed.

    it would be easier than posting on this site……

    sheeeeeeeeehsh!

    dags nobody
    the hippie investor

    Profile photo of dagsthedudedagsthedude
    Member
    @dagsthedude
    Join Date: 2003
    Post Count: 26

    anyone heard of google?

    sheeesh!

    dags nobody
    the hippie investor

    Profile photo of dagsthedudedagsthedude
    Member
    @dagsthedude
    Join Date: 2003
    Post Count: 26

    wow we are selling cars too now!

    what a crackup wrap your car! hee hee

    i guess it could work

    i have 97 holden barina for sale if anyone is interested
    80000kms

    dags nobody
    the hippie investor

    Profile photo of dagsthedudedagsthedude
    Member
    @dagsthedude
    Join Date: 2003
    Post Count: 26

    good oya bill

    i read somewhere that if you dont have the money to jump in a car/ plane to check out places, you shouldnt be investing……

    trips are a tax deduction by the way…..

    maybe we should check out some”property” near the
    Gold Coast.

    its lovely up there this time of year…….[:P]

    dags nobody
    the hippie investor

    Profile photo of dagsthedudedagsthedude
    Member
    @dagsthedude
    Join Date: 2003
    Post Count: 26

    Im of the same frame of mind.
    If wrappees are generally of the lower income or in the “higher risk” catergory then surely when the interest rates hike up they will be paying at least 2percent more than the wrapor
    ie wrapor loan 8%p/a
    wrapee payment 10%p/a

    if the wrappees end up paying over 10 percent they would have been better off with the bank surely.
    And inregards to the wrappee refinancing in the event of interest rates rising or whatever and paying out on the IP then your cash cow has stopped and you have to find another.
    Is this a bit of a hassle?
    Are wraps the way to go at this stage of the game( rates on the rise)
    or is it just rumours in the wind?
    the share market seems to be getting a big beat up at the moment…………

    dags nobody
    the hippie investor

    Profile photo of dagsthedudedagsthedude
    Member
    @dagsthedude
    Join Date: 2003
    Post Count: 26

    cool thanks everyone!

    dags nobody
    the hippie investor

    Profile photo of dagsthedudedagsthedude
    Member
    @dagsthedude
    Join Date: 2003
    Post Count: 26

    *GROUP HUG EVEYONE*[:P]

    dags nobody
    the hippie investor

    Profile photo of dagsthedudedagsthedude
    Member
    @dagsthedude
    Join Date: 2003
    Post Count: 26

    thanks[:D]

    dags nobody
    the hippie investor

    Profile photo of dagsthedudedagsthedude
    Member
    @dagsthedude
    Join Date: 2003
    Post Count: 26

    There are a lot of dodgy email scams around.
    Ive been getting a rew myself.

    I just hit “delete” straight away

    dags nobody
    the hippie investor

    Profile photo of dagsthedudedagsthedude
    Member
    @dagsthedude
    Join Date: 2003
    Post Count: 26

    wow matt you should start a private investigating business[:)]

    dags nobody
    the hippie investor

    Profile photo of dagsthedudedagsthedude
    Member
    @dagsthedude
    Join Date: 2003
    Post Count: 26

    Ive searched a few “property sourcing” sites
    and find the original fees can vary,
    Should one charge a percentage of the selling price?
    ?

    is it money first details last? or minimal details first then money then full disclosure?
    how do these transaction usually go ahead?

    anyone got suggestion?

    i have a database of deals that merit further investigation, all over oz.

    dags nobody
    the hippie investor

    Profile photo of dagsthedudedagsthedude
    Member
    @dagsthedude
    Join Date: 2003
    Post Count: 26

    in the latest issue of “money magagzine” (get it from local newsagency) there is a fantastic comparison chart for different banks/loans/credit cards and heaps of other stuff

    dags nobody
    the hippie investor

    Profile photo of dagsthedudedagsthedude
    Member
    @dagsthedude
    Join Date: 2003
    Post Count: 26

    iTS LIKE A BOXING RING IN HERE!

    DING!

    Round Two

    DING DING!

    dags nobody
    the hippie investor

    Profile photo of dagsthedudedagsthedude
    Member
    @dagsthedude
    Join Date: 2003
    Post Count: 26

    Dear erika

    I have a attitude where I like to do the research myself and have at least some gratification when My hard work pays off ie; hundreds of internet hours.
    I believing in hard work not getting spoonfed.
    Well done looking for people that will give you all the info you want so you dont have to go out there and do it yourself.
    ouch.

    Maybee ive had too much coffee it seems im freaking out again

    dags nobody
    the hippie investor

    Profile photo of dagsthedudedagsthedude
    Member
    @dagsthedude
    Join Date: 2003
    Post Count: 26

    umm, when you find some bargains shouldnt you be keeping them to yourself? or being at least slightly cryptic?
    in regards to collie Im originally from WA and have spent time in the said town, the rental returns are quite low and there isnt a large population to guarantee tenants.
    hmmmmm

    dags nobody
    the hippie investor

    Profile photo of dagsthedudedagsthedude
    Member
    @dagsthedude
    Join Date: 2003
    Post Count: 26

    Thanks guys.
    That was a good point regarding another lender altogether,
    is it possible to leverage equity from the capital gains in this scenario?
    would the original lender be in approvance of this?
    And also is there a way that you dont have to wait 6-12 months to revalue and then use the “instant equity” youve established from a reno?
    If i finished my basic reno in one month and had it ready to go (tenanted etc)and revalued at more than the original buying price, it would be a pain in the proverbial to wait a whole year before i could acces that equity.(so i could buy more property)
    Is this because of fluctuating interest rates?
    Anyone got some insight on this scenario?
    suerely must be a loophole somewhere!

    yay for loopholes!

    dags
    the hippy investor

Viewing 20 posts - 1 through 20 (of 23 total)