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  • Profile photo of daretotrydaretotry
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    @daretotry
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    August 20, 2003 - 11:35 am

    Wow…I notice that the spouse being rented out automatically became a Female!!!

    Im sure there are a few ladies who would also like to rent out their spouse…or rent a new spouse…maybe a spousal exchange?

    from
    The female ‘spouse’

    Profile photo of daretotrydaretotry
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    August 19, 2003 - 12:08 pm

    Hi all,

    I guess when it comes down to it, its back to the old fear of the unknown. Also being the first to lead the way or try things a different way. The reason a lot of great inventions are in this world are from people who dared to do just that.

    We also have been told by family members to pretty much stay inside the comfortable square we were living in. We were told that about 6 years ago too when refinancing…also when moving…having more kids….moving again etc etc Things havent always been fantastic but generally things have worked out and some have changed our lives so much for the better. I dont even want to think where we would still be, and what we would be doing if we had listened to all the “safe” advice and stayed stagnating where we where.

    Hope I haven’t rambled too much and hope it helps someone, even a little bit.

    T

    Profile photo of daretotrydaretotry
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    August 19, 2003 - 11:54 am

    Hi all,

    We are also sitting, deciding, deciding. Whether to sell up and move to the country or to keep investing. Thanks to some help from someone in the forum (you know who you are[:)] we will eventually make our decision. I guess it all comes down to options, what you have to make those options work, and which ones you take.

    P & T

    Profile photo of daretotrydaretotry
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    August 19, 2003 - 11:46 am

    Hi Nu Gen,

    Can I ask which area you are thinking of renting in? Also how cheap the area is?

    P & T

    Profile photo of daretotrydaretotry
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    August 13, 2003 - 11:33 am

    Hi all,

    We live on the CC also. To give you an idea we live 5 mins from the lake in our area. We bought our PPOR 2 years ago for $270,000. We had it valued last week in the high 300’s and even early 400’s. Our IV is 2 streets away. Very basic hardiplank home, 3 bedrooms, non-separate toilet. Valued at $250,000 – $270,000. We can also be considered one of the cheaper areas and are set on Tuggerah Lake. Around Brisbane water prices are a lot higher. In The Entrance if its near the water…you pay a lot. If you have any other questions I’d also be glad to help if I can. There are a few new estates going up near the freeways and they are always looking for rentals and the prices seem reasonable.

    Profile photo of daretotrydaretotry
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    August 13, 2003 - 4:29 am

    Hi Motivated,

    We live on the Central Coast and also have one IV here. Prices have really jumped in our area and surrounding areas further North also. Our area has jumped about 23% in the last 12 months. You would be very lucky to find a decent investment property in the lower price range. Prices up near Gorokan used to be cheap and lots of tenants up that way but even that has taken a hike. But you never know your luck ….you just might be amongst the lucky ones to find that elusive bargain. Good Luck!

    Profile photo of daretotrydaretotry
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    August 12, 2003 - 1:36 pm

    Hi Brady,

    Unfortunately Im a newcomer just like you so dont have any advice on accountants or anything. Just wanted to wish you good luck. If you are already reading those books at your age then Im positive you will be a success!!

    T

    Profile photo of daretotrydaretotry
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    August 11, 2003 - 6:50 am

    We also have been looking in these areas and found some that seemed pretty good value. Low price, already rented (or purported to be). However after a search on available rentals in that area I found one RE alone had 15 rentals available. I took this as a red flag and have gone off this area….Would others read this the same? Not much capital growth in the area either as far as I can see…

    quote
    Kaye and I use our family and friends in country areas to keep an eye out for us.
    Not much prospect of capital growth, but me no care.

    Michael

    [/quote]

    Profile photo of daretotrydaretotry
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    August 10, 2003 - 7:35 am

    Yes this is a great website. What I find wonderful is the willingness to help and give advice. So after following those Jenman links and reading the stories about so called “money hungry” (not the words used) investors, Im sure they would be surprised to learn just how many of those investors are willing to impart advice and knowledge to those of us venturing and/or thinking of doing so and with no monetary gain!
    Thanks to anyone who takes the time and makes the effort to reply to all of us ‘newbies’ out there.
    P & T

    Profile photo of daretotrydaretotry
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    August 10, 2003 - 7:29 am

    Hi there,

    Could you explain to a newcomers like ourselves why he couldnt get the finance? Im gathering that there is a problem with the area under the 4741 postcode?
    Thanks
    T & P

    Profile photo of daretotrydaretotry
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    August 10, 2003 - 7:05 am

    Thanks r [:)] Trying not to panic but reading of others buying up properties left, right and centre is pretty daunting and does leave you wondering about how many good IP’s will be left. But will be back on the research trail for books tomorrow and will have a look at that website you gave me.
    We are actually tossing up selling both properties and moving to a rural area ourselves as hubby is working himself into the ground 12-14 hours a day and never seeing us (wife & family). Our other option was to buy IP’s and somehow ease the load so that those sorts of hours weren’t necessary. So our research has to be twice as much with all the options we are weighing up.
    Your post was very upbeat and every bit with us helps.[:D]
    T & P

    Profile photo of daretotrydaretotry
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    August 10, 2003 - 6:21 am

    Thanks very much for your honest and helpful advice. I guess we all want to get excited and jump into it with all the media hype that has been going on about investing. But you are very correct in assuming that crunching numbers is not our forte.
    We will definitely read up a bit more and keep hunting for someone to explain the nitty gritty to us and hope that we dont miss the boat with the area that we have found.
    Will keep up with this website and the interesting posts and simultaneously be inspired and forewarned. Will keep wading through the mud till we get to the river. [:)]

    quote:

    It sounds like you would have sufficient equity to acquire another property however I suggest that you take your time understanding the numbers because the numbers are the key to deal, if you dont understand those you may be setting yourself up for a fall. Dont get caught in the hype there will always be deals out there as long as you take the time to learn what you are looking for and determine the strategy you will use to create wealth. Everyone has their own. In the mean time plough all your possible savings into reducing your home loan as this will be money well spent.

    Goodluck.

    Profile photo of daretotrydaretotry
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    August 10, 2003 - 4:48 am

    Hi all,
    Have a couple..dont know who wrote most of them as if they appeal..I just write them down in a book…

    “Experience is a hard teacher because she gives the test first, the lesson afterward”

    “Do not follow where the path may lead.Go instead where there is no path and leave a trail” Ralph Waldo Emerson

    “Sometimes you’ve got to wade through the mud to get to the river”

    and a personal fave…and one I tell the kids..

    “Let the choices you make today, Be the choices that you can live with tomorrow”

    Profile photo of daretotrydaretotry
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    August 10, 2003 - 4:30 am

    Thanks for replying Benson. Am doing all the reading possible without the book.
    Seriously though if we arent great with “figures” are we ripe for someone to come along and just take advantage of us? Everyone seems to be quoting percentages and offsets and you name it.We are just average ppl who have been working hard for a long time and paying off our debt.
    As far as it goes with us we have 2 properties at the moment..our “place of residence” which was recently valued in the high 300’s and an IP which also was recently valued in the mid 200’s and up….BUT we have debts of $372,000. We only have a small debt on the IP of $82,000. Does this make us viable for another IP without taking earnings into account (one of our incomes is very iffy at the moment) or would this be too big a risk for us.
    Sorry for this thinking out loud but to be honest I think the first piece of advice should be…Do you have the “b**ls* to do this?
    I feel comfortable with the idea of mentoring as the mentor would not be out for financial gain but would need to find someone who “spoke our language”. But any help is appreciated if they have patience with us. Once again thanks for replying and feel free to ignore this babble if you so desire.[:D]

    Quote:
    Hi guys,

    I think the most important thing for anyone considering investing in anything is make sure you take all the time you need to understand everything.

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