Forum Replies Created
Well you guys can sleep in tents im off to the caves of coober pedy(check it on re.com.au) its the Palazzo Versace compared to your tents hahahaha
Jacky come on grumpy have a laugh with us.
Did I mention popcorn in coober pedy, lots and lots of popcorn.
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
Hahahahahaha jacM,
Ohhhh no that’s terrible, what should I do now? I know, I am going to buy a nice warm coat for those cold winter nights on the street with my popcorn that I have started to stock up on now hahhahahahahaEngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
Thanks jacM
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
Jacky, what do you suggest we all do If the world is coming to an end? Should I build a bunker and stock up on cans of beans? How long until this coming crisis will happen? I’ll stock up on popcorn now also hahahahaha
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
Thanks johan22, I’m 23 so lots if time to make up for any mistakes, hopefully not many haha. If we have another correction I see it as another buying opportunity be that shares or property. I still hold some stocks but have found myself in property due to being able to renovate run down properties very cheaply through the interior fitout business I also run. We shall see how things go over the years. I will definetly keep plugging away.
Engelo
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
I hope you are right regarding the big recession coming, I wouldnt mind another crack at BHP for $20 and CBA at $25 a share hahaha
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
I hope you are right regarding the big recession com
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
Mate,
I appreciate your comments but IMO this below is very provocative:1hr from Syd CBD – like where would that be. There’s a lot of km’s 1 hr drive heading out depending on time of day. Midnight’ll get you to the Blue Mountains.
“Im pretty stoked with this deal bringing my tally to 3 properties” sounds like your more about acquiring properties to up your personal score.
“10 or more properties that are pretty much neutrally geared” What does ‘pretty much’ mean and is 10 a magic number or something.
Anyways lets move on enough of this battering, you can go post more negativity on othe people’s topics or wait untill I post something new again hahaha
Regards,
EngeloEngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
I am not a fan of this back and forth battering over the computer. I am always open to everyone’s thought and opinion but do not appreciate being provocated for simply starting a topic on this forum. I am more than happy to meet in person and resolve the matter.
Regards,
EngeloEngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
Hi Jackflash,
Just have a question for you as im a bit curious. How would you go about achieving a passive income of $50k per annum minimising risk, ensuring capital growth and a solid exit solid strategy if your were starting off today? By the way how many properties do you own?
Thanks for your time.ps. Nathan, thanks for the vote of confidence
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
Hi Jackflash,
I appreciate your response but have to apologise for not being educated enough to understand your philosophy. I think the property is around 3 hours from Sydney CBD if you go on roller blades. (or as we are talking about the 1930s it would take 4,5 hours on my horse and cart) jksss haha
The $20 per week is before depreciation. IMO I dont believe in capital growth as its a prediction, I look at the numbers in the deal and make my decision (any CG is a bonus). I am confident that there are quite a few people out there that could hold if we must get so formal a NEGATIVELY GEARED property for $20 per week.
$155k is excluding costs. Property was purchased $25k below most recent comparables within same complex of same property size(source RP Data) so there is a bit of a margin of safety if prices drop. I am interested in purchasing as many properties I can implementing the strategy I have in place and so far it has been successful. I am not a fan of bread and carbs so I shall keep eating my steak and protein.
engelo10
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
A bit of a change of scenery, no burnt or vandalized house in the backround haha
Keep em coming mate, love those kinda reno’s hahaEngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
Hey Mattdesigner,
Keep educating yourself with property books, magazines, seminars, this forum and somersoft and im sure you will meet competent and trustworthy people along the way to help and guide you in your property investing. I have built a pretty good crew within 1 year of buying my 1st property. Just be cautious with who you choose.
Engelo
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
Thanks mate, love your educational videos.
When are some new one’s coming up?EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
Thanks for the replies.
I have already spoken to the property managers regarding $10-$20 annual increases in rent.@ xdrew
hahaha
Thanks for your comment mate my eyes are wide open now.EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
Around 1 year ago I spent 5 days in Blackwater speaking with locals and agents. Who ever I spoke with from the postman to the miners everyone said there is a lot of coal there and has been for the past 30 years. The miners said they are sleeping in tents because of no available accomodation wich is a good sign for rentals. 1 year ago there was quite a few houses under 300k, now there is none. The rental yield is fantastic with long mining leases in place. I agree with Emerald being more diverse and that Blackwater is very dependant on the coal but in saying that median house prices in Blackwater 10 years ago were 50k. Look at Moranbah and Dysart those towns are still going strong. I like Blackwater but I agree it would be a risky investment.
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
Thanks for those ideas guys, both are tenanted but not at market rent due to long term tenants. Also, they are close to transport and shopping. They would cost around the same to reno. I havent made an attempt yet to speak with locals. Will also see which 1 could possibly be negotiated at a lower price. At that price and being commuting distance to the CBD I think both are decent buys.
Thanks.EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
Have 2 properties in Mildura, look for something on the west side of deakin highway. rental market is tight. rented my 1st house in 1 week had 4 applicants to choose from. just renovating 2nd shouldnt take long to rent out.
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
What do you guys think abuut investing in the Bay of Plenty, found some decent yielders there???
Thanks
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
I own 1 property in Mildura and wouldnt hesitate investing in the area again. Just anounced is the funding for the new solar plant plus another possible 1 being built all up around 2 billion potentailly being invested in the solar plants. Lets hope something happens with the proposed Casino even tho word is its on hold. Great facilities, very easy going and helpfull locals, 50k population, low vacancy rates, most affordable housing in australia and constant write ups in API and YPI. Obvioulsy must be more positives than negatives.
Regards,
engelo19EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
