Forum Replies Created
Coops,
Glad to hear that you were able to you were able to find what you wanted.
Kind regards,
Gatsby.“Sometimes the hardest thing to do in life is often the best thing to do.”
By the way way, isn’t Greenspan about to retire?
Gatsby.“Sometimes the hardest thing to do in life is often the best thing to do.”
Well done Dazz and Padma,
It’s always more interesting and informative to learn about the possibilities and the nuts and bolts involved. Also Dazz, I liked the way you explained how you re educated the lender and learned something from the vendor too!
Cheers,
Gatsby!“Sometimes the hardest thing to do in life is often the best thing to do.”
I’d better leave this to be better answered by the brokers and those here who can give a far more detailed and descriptive answer to all of your questions. I use an offset and find it far more flexible and safer/economical than using a loc for my situation. Also, perhaps do a search on this site re” one versus the other?
Cheers,
Gatsby!“Sometimes the hardest thing to do in life is often the best thing to do.”
Sometimes I feel like ‘Maxwell Smart’ from the series ‘Get Smart’ when I read a negative post. I often mutter under my breath, “If only he/she worked for ‘Control’ instead of ‘Kaos’ and used investing for “NICENESS”, instead of “EVIL?”
Cheers,
Gatsby!
(PS. When you state in brackets that you’ve got to put something in your cheek’, you’ve got me kind of lost? Are you refering to something like, dentures or,…ergh, a marital aid?, ergh, sorry, never mind, just forget it!)
“Sometimes the hardest thing to do in life is often the best thing to do.”RedTim,
You sound like quite a sophisticated investor by what you write for someone who is concerned initially about not being able to find +CF properties, etc. I would imagine from reading your posts (quality not quantity. The number of posts are irrelevant) that you are what I would call a ‘sophisticated investor.’ Kiyosaki and other investment ‘Guru’s’ make reference to the ‘7 levels of investing’, with no.7 being the ideal investor. I’d like to add to that concept. In time, I’m sure you’ll see this figure increasing to the ‘8 levels of investing’. The requirements for sophisticated levels in each investing level won’t actually change. It’s just that under ‘level no.1’ it won’t explain anything! It will just read ‘Gatsby!’. So my point is I guess that you do obviously have the runs on the board so I can’t understand why you don’t apply your knowledge to improving your investing strategies, rather than shooting down the strategies of others? I don’t see how this is improving your investing strategies?
Cheers,
Gatsby!“Sometimes the hardest thing to do in life is often the best thing to do.”
“Alright Stan, don’t lay to the point! And what have they given us in return?
“The aquaduct?,……………………………..………………………………………………….,”
“Alright, but apart from the sanitation, the medicine, education, wine, public order, irrigation, roads, the fresh water system and public health!, what have the Romans ever given to us?”
“The Space Shuttle?”
Dazz, I enjoy reading your posts and not just for the irony, but also for the knowledge!
Cheers,
Gatsby!“Sometimes the hardest thing to do in life is often the best thing to do.”
Also Babu,
The Glen now has a major cinema complex and a huge public (bus) transport infrastructure that goes to Monash Uni, Blackburn Station, The beach, et al. (I had my first job at ‘Glan Waverely Shops after a I left school at the ANZ bank,..lasted 6 months! Today, I remember back to what it was like then and how big it is now.)
Cheers,
Gatsby.“Sometimes the hardest thing to do in life is often the best thing to do.”
RedTim,
I can sense your anger and you might want to see ‘The Assasination of Richard Nixon’ and I’m sure you could identify with Sam Byke’s anger (I know I certainly did). However I don’t think you’d like to identify with Sam’s character at the end of the movie (based on a true story which I saw at a Nova prescreening last weekend). Now that ‘Deep Throat’ has revealed his true identity last week re: Watergate, we now know he is not the person in answer to your last question. I know the guy you’re after. He’s name is Inflation.“Sometimes the hardest thing to do in life is often the best thing to do.”
Unless your parents are on the same path of wealth creation as you, then I think you may be at the risk of a path of family destruction? Your parents have probably worked long and hard (I’m assuming) to get to the point of paying off their ‘home.’ A home at this (or any) stage of life is very emotional and most probably a life long dream. Maybe look at a way to ‘fast track’
how your parents achieved their goal?
Cheers,
Gatsby.“Sometimes the hardest thing to do in life is often the best thing to do.”
(People’s Front of Judea)
“What have the Romans ever done for us?”
“The Space Shuttle?”
Cheers,
Gatsby!“Sometimes the hardest thing to do in life is often the best thing to do.”
Hi Resi,
I can’t believe what you’ve stated (ie.I “absolutely believe what you’ve stated”, but I can’t believe what you must be going through!!!!). You might be better to pm people on this site who you know personally and trust, rather than posting something that might cause the risk of libel (especially if you intend to pursue this matter through legal channels).
Best of luck and my thoughts are with you.
Kind regards,
Gatsby.“Sometimes the hardest thing to do in life is often the best thing to do.”
Perhaps we may want to ‘redefine’ the definition of ‘retire?’ I’d like to think that when I retire, I can do the things that I’m ‘passionate’ about? Perhaps the terms ‘retire’ and ‘passionate’ belong together? After all, the day you stop learning is the day you stop teaching?
Cheers,
Gatsby.“Sometimes the hardest thing to do in life is often the best thing to do.”
Hi Joe,
As I am not a mortgage broker or profess to be experienced re: mortgage set ups by any means. I am currently using an offset account to reduce the principle on one of my investment properties without having to add any additional repayments (although that is still an option available). I’ll leave the ‘better responses’ to your particular situation to the mortgage brokers on this site to help you in finer detail to your current situation. TMA’s reply gives an example of how an offset account can benefit.
Regards,
Gatsby.“Sometimes the hardest thing to do in life is often the best thing to do.”
Postman,
I think your post clarifies what mine was trying to highlight more accurately.
Cheers,
Gatsby.“Sometimes the hardest thing to do in life is often the best thing to do.”
John,
that was 9pm until 5am! Then she goes to work!
Cheers,
Gatsby!“Sometimes the hardest thing to do in life is often the best thing to do.”
I also think that Kiyosaki’s prediction which he did base on economic cycles ie. we are over due historically for another depression (1 every 80 years?) is long over due. I also realize that it made me buy more of his books! As Kiyosaki has stated, he is acknowleged as a ‘worlds best author’ (or words to that effect).
Cheers,
Gatsby.“Sometimes the hardest thing to do in life is often the best thing to do.”
Hi amused,
I think what you are referring to was what people were doing a year ago or more until the ATO stepped in and quashed it (ie people were buying a PPOR and an IP and using the tax benefits of the IP and applying it to claim back interest repayments on their PPOR?)
Cheers,
Gatsby.“Sometimes the hardest thing to do in life is often the best thing to do.”
I personally think that value adding incentives if you have a relationship (ie a healthy relationship via a great pm) with your tennants can help to creep closer to finding a property near to +CF (others may beg to differ). Perhaps use Steve’s guide of calculating a +CF property as an indicator of how far off (or close you are) to a +CF property. Consider the management/time involvement in owning x amount of $10 a week +CF properties you accumalate? One replaced ‘hot water service’ for example could see your $10 a week +CF property disappear?
Cheers,
Gatsby.“Sometimes the hardest thing to do in life is often the best thing to do.”
I’d have to agree with gameone. If the tennants are paying the rent you want and you value your tennants, then to a certain degree the question is almost as difficult to answer as ‘where are places with a good reputation?’ As Mortgageman has said, the places that would be great to own are places that have high drug problems (and very high prostitution such as St Kilda for example, yet it is the place ‘to be’ regarding lifestyle, property values, etc). As for long term capital growth, with the Vic government’s ‘2030’ plan places as far away as Cranbourne could be great if you are going to buy and hold long term?
Remember, YOU DON’T WANT TO LIVE THERE (I’m assuming this), you want to invest there?
Cheers,
Gatsby.“Sometimes the hardest thing to do in life is often the best thing to do.”
