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  • Profile photo of entelechyentelechy
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    @entelechy
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    August 8, 2003 - 1:36 pm

    quote:

    Haha activities seems to be lacking in Sydney? Are we seriously that lazy? =)

    Na! Not lazy. Working smarter not harder though, I hope. I have the Cash Flow game that I play with a few like minded friends and would love to link up to other players with ideas for group games etc.

    Profile photo of entelechyentelechy
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    August 8, 2003 - 1:28 pm

    Hi Crashy,
    Yeah it was lunch, but Gordon wasn’t into property.[:)]

    Profile photo of entelechyentelechy
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    August 8, 2003 - 1:10 pm

    I expected more response on this topic.
    Just to keep it going, We have done a lot of travelling around the country and always used to stop and look at RE window displays or drive past For Sale signs and say ” Who’d live ‘ere?”
    Looking back at those $30k props, aahhhh, well, you know the rest!
    I’m just curious how good investors find the info and rental demands, employment and growth prospects, etc (sounds just like researching shares doesn’t it?)
    What can you add?

    Profile photo of entelechyentelechy
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    August 8, 2003 - 12:58 pm

    DO THE HARD STUFF FIRST

    Profile photo of entelechyentelechy
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    August 8, 2003 - 12:32 pm

    Any CashFlow games running in Sydney?

    Profile photo of entelechyentelechy
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    August 8, 2003 - 12:04 pm

    Hi Paul,
    Yes, all those concerns you listed are a risk. If property investing wasn’t a risk everyone would be at it.( every one seems to be at it)I suggest you keep learning and increasing your knowledge and evaluating what fits with your goals and motivation. You’ve already invested in yourself with study material. Well use it and then, look for more.
    Eventually you will have to take action.You will find ways to do things and adapt the ideas you learn to your situation.
    I don’t know what you are reading or listening to but there is so much good information out there for you to devour.
    hope this adds to your search.

    Profile photo of entelechyentelechy
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    August 8, 2003 - 8:43 am

    Thanks Dennis,
    That’s what I thought. I just see others talking about buying one a month or whatever all over the place while they have a day job, plus the running around that has to be done meanwhile. Love to hear more?

    Profile photo of entelechyentelechy
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    July 20, 2003 - 12:02 pm

    Hi, Ive been monitoring ESC and recieving their offers and, well, just watching. I have a colleague who contacted them to list a property and they really put the screws on him so to speak which assures me they really are trying to find good deals before they list them.

    Profile photo of entelechyentelechy
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    July 20, 2003 - 11:50 am

    Not hooked but illinformed. Nobody is suggesting that these people are gullible although the sales pitch has been effective and the targeted audience have nothing to compare.
    There is nothing wrong with having a loss at the end of the year providing you did not have to put money in from your own pocket. What the ATO is looking at this year is not so much who’s showing a loss but how they are claiming and what they are claining as legitimate expenses.

    Profile photo of entelechyentelechy
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    July 20, 2003 - 12:54 am

    Hi, my first say at the forum.Interesting views by everyone. I don’t know the answer but an atricle in The Age last week described negative gearing as a “Baby Boomer Product”. It also mentioned Mark Latham’s regular foot in mouth comments that Simon Creen quickly doused. When the Hawke/ Keating Gov stopped Neg Gearing in 1985, rents went up 26% and the building industry suffered. They had to bring it back and raise interest rates to keep it in line. The rock and a hard place that the Reserve Bank is between, can’t simply raise interest to slow things down because it would put the dollar up and cripple export especially farmers who are still sufferring the drought. So Neg gearing is here for a while longer and meanwhile I’ll just keeping on looking for positive cashflow

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