I know of example in America where a person had eye sight defect and could only visit properties by bike (because her eyesite was so bad they refused her a licence) but she now has a portfolio of properties that are all CF+ and she lives in Californa (on the edges, but still – W0W!).

Rgds.
Lucfer_au

Heres a few ideas:
http://propertyinvesting.blogspot.com/

Rgds.
Lucifer_au

I don’t think it will matter to much short term.

Over the medium term they Might rise under Labor (because of larger spending promises in 2006 (MedicareGold) and because of their Industrial relations policy). This is drawing a long bow to try to link each party with higher interest rates.

More important influences are overseas as well as our…[Read more]

Adding a carport can add value to a house, and yes you can charge more rent for a carport as well, Dolf De Roos book “101 Ways to Massively Increase the Value of Your Real Estate” explains how you can do this relly well. Though he invests in areas that provide higher cashflow (i.e. outside Australia) and can charge more for doing things like…[Read more]

11 Second Solution:
Rent = 250
Occupancy rate ‘3 Weeks’ = 94.23 Percent
Solution = $117790.00
Asking price = $415000

Closing costs:
Deposit 10 Percent = $41500.00
Legal fees = $800
Stamp duty = $14165.00
Mortgage app fees = $475
Mortgage insurance = $0
Valuation fees = $0
Other borrowing costs = $400
Clean up costs = $0
Inspection costs =…[Read more]

I recently bought a positive geared IP, the vendor was getting nervous and wanted to settle real fast, I asked and found out that she was using the money to buy a 4WD.

Yes, she sold an appreciating, high yield property (that put approximately $90 p/w into her pocket) for a gas guzzling car that deprecates and costs money in repairs and…[Read more]

IMHO = In My Honest Opinon
LOL = Laugh Out Loud
ROLF = Rolling on Floor Laughing
ROFLMAO = Rolling on Floor Laughing My A#@ Off!

Rgds.
Lucifer_au

I know of some interesting opportunities (around mentorship).

Just want to know are you retired yet?

Rgds.
Lucifer_au

I haven’t invested in the US, but from what I know it’s +CF heaven and some states are so landlord friendly it makes me cringe for the tenant!

Downside is it is hard to manage a property internationally (look time zones make it extra difficult). Also transferring $Aus to $US. Also in Australia there is usually higher CG for all properties (in…[Read more]

sui generis is correct. I buy these houses for cashflow Not for capital gains, other investors here like capital gains over cashflow. It all depends on your strategy.

Rgds.
Lucifer_au

Allot of the time it is people who have moved to get out of their city lifestyle into the peace of country life. Unfortunately it can be hard work (having to run animals, having to farm, etc). Usually they don’t want to do it anymore (because while it can be a great lifestyle it can be hard work) and hence they put up their property for sale…[Read more]

It’s coming round to spring which does get more people out but they are usually first home buyers.

I don’t see any real growth for a while (a long while). It looks like values are rising just with inflation. Certainly nothing like what we’ve had.

As for Roseberry garrytas I would say no, mainly because of the already massive price rises and a…[Read more]

Pros:
~Hnds off (you just get the cheques in the mail
~No tennant hassels
~Can be CF+ in metro

Cons:
~Banks dislike lending on car spots
~High deposit req.
~Hardly any Capital Growth
~Fees are usually involoved

Rgds.
Lucifer_au

Although Steve McKnight didn’t get rich from the “few extra dollars he received on a monthly basis” It did allow him to retire and use the time he spent being an accountant to find more +CF deals and increase his income exponentially.

The more income, the more property you can buy (and hence the higher the capital gains – e.g. Have a $1M worth of…[Read more]

Believe it or not but yes there are properties avalible for $40K. And yes these are houses (though $40K flats can be quite good too).

Rgds.
Lucifer_au

It seems to me you know where you are going and what you want.

Right now I would focus my efforts on one (property) or the other (stocks/options).

It seems people who specialise tend to do better than people who diversify (for example I know one person who owns two houses, sacrifices their salary into super and then goes occasionally and picks…[Read more]

Mainly they are concerned about the publicity. For example they do not want to be seen as turfing people out of their houses because the mortgage hasn’t been paid by the wrapper when the wrappe thought they would one day own the house (ACA and TodayTonight would make such lovely programs about it).

I was told that this decission was made by the…[Read more]

With negative gearing you can apply the loss from your property to other income. So for example say you had a property costing you $200 per month, if you were on the highest tax bracket the tax man would take $100 of every month.

This roughly explains the basic concept (and yes I do know the PAYG tax rates, with the highest being 48%, so my…[Read more]

Well Shares can include many things. I know some investors do an AIP (Auto Investment Plan (ASX200)) and then research (and buy) small cap stocks. So there is two income streams. Usually though the rich might have large interests in 3-4 business and then buy more business (Kerry Pakers model).

Rgds.
Lucifer_au

Just lock the post, nothing is being added of any real value, rather it seems their is simply more squabbling.

Rgds.
Lucifer_au