Forum Replies Created
v8ghia tank you for lifting my spirIt to the point where i thought it could happen
Qlds007 thank you for reversing that feelingwhat about this one then a 3br house for $110K renting at $180?
Thanks guys!
I was baiting a bit to see if I would get a reply so now i will give the full details….
I’m 18 and have been working for my parents for the last year after having finished school, and last year stumbled across Steve’s book. That was early in the year and after that I was set on property investing but then I became pessimistic about the property market, so I invested money in the share market. Now that money has done ok, not good, not bad just battling along!
it was only last week that I revisited the whole property thing, so I investigated my local town, Longreach to where i discovered that although there is like .00001% capital growth there is quite good returns, and so here I am now.problem is I earn a rather small amount of money (read small) so that’s why i need to know how much i kneed to start, on the flipside an incentive for the mortgage companies my parents are more than happy to be guarantors
I know it’s a noob question but kpi how do I only need $1000 when i have to pay stamp duty and all that sort of stuff
yay [party]
CrumI’d be up for it too, im 17 finished reading 0-130 month or so ago logged on here, suprised to find such a huge amount of information
I’m enjoying this topic, nothing like a healthy (non aggressive) argument.
If you want an extremely basic opinion from someone much younger, I simply reckon that free money is unsustainable and tulip mania is in motion.
Wow [blink] with my last post acheiving fewer than 3 replies I didn’t bother to check this post. How wrong I was, I’ve obviously struck a nerve that worries/interests some people.
Nice to see all you fellow boom-busters out there!
AUSPROP Posted – 24/06/2006 : 13:42:45
what bubble are you referring to? and what will YOU do if there is no bubble?The bubble I am referring to is the current housing bubble in Australia.
And i do not need to worry about there being no bubble because there is a bubble and it is big, much like the bubbles you get out of those automatic bubble machines, or as Dazzling describes, the bubbles that occur in a bath after bubble concentrate has been added.
[specool]
Thanks Tracy!
My latest idea (read: one I read on this website) was to persuade my parents to buy a house, let me do all the planning, work and organization towards renovating, then sell it for a profit (hopefully) and return the money to them, just so I could start off with some money that could go on to be used for further renovation projects or down payments of cash flow positive properties [aacool]. When this idea was proposed to my father, the reply I received was a scratch of his chin and a sarcastic “oh really”. Although, one of my concerns is that i would assume the market would be beyond flooded with rennovated houses. [ohno2]
C’mon people! All you lurkers out there! i know how much people love to give their opinion here! I’m open!
[medieval]Andy
