Originally posted by Monopoly:
No I agree, one doesn’t have to retire and just sit back, and do nothing. Certainly keeping busy is the way to stay fit and healthy; but to assume that because one wants to retire or is making plans to do so, doesn’t mean they are going to just sit and wait for death to come and collect them either!!!!…[Read more]

Thanks Mortgagehunter and Mortgage adviser for your advice, Can i still do this if the loan papers have already been signed. I will be talking to the bank to find out what i can do.

Cheers
Foston

Life is a series of new beginnings

Originally posted by Pelicaninvestments:
Pity that we have such lousy choices…..

Is it going to be another term of the Devil you know, versus the devil we dont ???

It’s the devil you know for me[satan]

Life is a series of new beginnings

Originally posted by sizzling_duck:
Financially we would be screwed (we as in the whole country not just property investors) if Latham got in. Labor fundamentally as originally the voice of the workforce had good policy. Unfortunately they turned it into a popularity contest (Hawke was popular but generally didn’t help many with policy).

In the…[Read more]

I watched the article on today tonight and while i sympathise with people in this situation, i can’t see how the banks are totally to blame.Fair enough the bank readily loaned them the funds, but who signed the papers????.I believe they overcommitted themselves, i also noticed the 2 nice cars they were driving, are they also financed?.Critisize me…[Read more]

Hi Brady,
I think it is great for you to have such goals at your age, however you will most likely change your mind several times over the coming years as to what you want to do in life. A good education is very important as the skills and knowledge obtained can be very beneficial, especially if you want to pursue a career in property…[Read more]

Quote:
Originally posted by Monopoly:
Cool foston!!!

Don’t forget to sharpen up your pencil in readiness for that big day when you put it down on paper, and just in case, being in pencil you can always rub it out!!!!!
I think i will need a couple of pencils and a large eraser and lots of paper for the changes i will have to make [laughing](not…[Read more]

Hi Jo,
My plan is a little longer than 5 years, i am 47 now and i have set myself a goal to be able to say goodbye to my boss at 55, which gives me just under 8 years.In that time i hope to obtain at least 5 or 6 ip’s or more if possible and work at having them pos cash flow to replace my present income.
Foston

Life is a series of new beginnings

G’day Greg,
I am currently renovating an older house in Logan City which has asbestos walls and roofing.As far as i am aware there are no regulations which say the asbestos has to be replaced. If the walls are painted, have no holes or are not cut, drilled or sanded they are perfectly safe. A tenant could only be exposed to the asbestos if they…[Read more]

First i would like to replace my present income so i did not have to work for someone else, then work towards a comfortable retirement.
I believe at this stage i would be happier when i have achieved this.
Foston

Life is a series of new beginnings

I am currently reading Jan somers More wealth from residential property, What i didn’t learn at school but wish i had by Jamie Mcintyre, API, Money and The Magic of Thinking Big.
Foston

Life is a series of new beginnings

Went to his Brisbane seminar on Thursday night, it was just about packed out. This guy is GOOD, he really knows how to work a crowd.For those of you who haven’t been to one of his seminars this is how he does things. He uses charisma, good acting and a little comedy to make you relaxed and get you interested. He has about 30 – 40 chairs at the…[Read more]

Thanks guys, will look into them.
Foston

I am going to his seminar in Brisbane tomorrow night, hoping to pick up some helpful tips. There was an article on ‘Today Tonight’ tonight which most probably will not help his cause any, will most likely increase attendance figures as people will want to see what he is about, particularly as Neil Jenman has had his say and reckons he is another HK.
Foston

Hi Kay,
We are currently organising finance , building and pest inspections on our first ip, a 2 bed unit, should all be finalised shortly. If all goes well we may look at buying another at the end of the year, in the meantime we are still renovating our ppor which we hope to turn into an ip when we are finished and buy another reno.
Foston

Hey DD, do you need anyone to come and carry your bags for you, i’ll put my hand up.Enjoy your holiday mate and speak to you when you return.
Foston

Hi Mini,
Congrats on your 1000 posts, i enjoy reading your posts and comments.Thanks for putting me in contact with DD ( i see he has joined the forum now, great stuff )his knowledge has been very helpful and we have changed our thinking a little.With his help we now have a contract on our first investment property, only a 2 bed unit but we have…[Read more]

CRASH[cop]CRASH[cop]WHAT CRASH???

Marisa, If the tenant is struggling to pay the rent he is obviously on a low income or a pension, has he looked into the possibility of getting rent assistance, this may ease the burden of a rent rise.
Foston

Hi Gatsby,
My advice is to shop around and read the fine print very carefully. Most reputable insurance companies offer income protection insurance of some sort. Premiums will vary considerally depending on the level of cover you want. Be honest with your medical history or you will be caught out if you ever claim.I had a policy with a large…[Read more]