Forum Replies Created
Hi Matthew Aiken 20/6/07 – re 11 Second solution.
You guys just don't get it do you? I have 3 properties that I have acquired using the 11 second solution. The last one was purchased in Cairns for $98,500 and getting $205 per week. I have had this property for 8 months and it works a treat!!I have another property I paid $125,000 for and is now valued at $325,000 and I receive $320 per week rent. That is a very good postive cashflow property.
I have another property now worth $600,000 that I paid $220,000 for and the rent I get is $500 per week.
I have another property that had 2 bedrooms and I am enclosing the laundry with a concertina door and putting a wall partition up making another bedroom = this adds another $150 per week rent to this property as i rent it out by the room. Therefore, I am receiving $600 per week for a property that costs me $520 in repayments. Not great but making it a positvely geared property.
Nobody is going to tap you on the shoulder and hand you a positively geared 11 second solution property. You have got to get off your fat butt and look for one.
Hello – Any other questions about 11 second solution!!!??
Hi Pete Hutchy
I have finally stopped playing my violin after reading your pathetic post.
I was 14 when I started work in 1969 and I had nothing. I have worked very hard all my life, watched both my parents die when i was 21years old. They were middle class citizens, builder and home duties, and they died from over use of alcohol and cigarettes. It was hard for me at 21 to watch them die, then to find the cash to bury both of them. I then married and had 3 boys, we divorced 15 years later due to infidelities on the part of my ex-husband. I struggled for years to bring my kids up due to the smart tactics of my chartered account ex-husband. Now 17 years later, I am looking at 3 uni-educated boys (the last one now in his final year at uni). I have remarried and even with all the crap I have had to deal with in my past, I now own my own home (spent $202,000 to build it in 1996 and it is now worth $700,000 with a $175,000 debt that I have had to do to educate and look after my kids in the past- rent would be $600 per week; I own an investment property that cost me $120,000 to build and now worth $350,000 with a $69,000 debt – rent is $315 per week, and have just purchased another investment property worth $98,500 with a $98,500 debt – rent is $202 per week. All totally CF+. This took me 16 years to accumulate – not flash but all working well.All of this was done with common sense, a lot of backbreaking hard work and a determination NOT to end up like my parents.
So I hope that when you are shooting up ice through your clean veins and you are lying on the dirty cement floor of a dark alley somewhere, that someone in your family loves you enough to bury you and get on with their lives. Because, you certainly sound like you destest people who worked hard and you now want someone else to do hand you something on a platter.
It’s out there – you just have to have the determination to go get it. Start slowly, buy something small and with the proper advice and learning tools, you will get there someday.
My advice is “stop whinging” – those older people have their hard luck stories, they just don’t dwell on them !!!!!!!
…………………….or buy a box of tissues and keep crying !!!
Janice Maxfield – Mackay Queensland[biggrin]
