Forum Replies Created
Hey Steph,
Im just kiddin around – sorry if you took it the wrong way or I said it in a wrong way, it was definetely not my intention…that’s why I put the smiley faces there…as a laugh…- could you kindly share that 3 saints 3 sinners, can’t leave a saint with a sinner. Thanks
Kind regards,
George.“If You never never ask, you’ll never never know”
Im a professional property investor[biggrin]..hahahaha….yeah right – I wish[biggrin][biggrin][biggrin]
“If You never never ask, you’ll never never know”
Originally posted by redwing:Things to think about
* First you forget names, then you forget faces. Then you forget to pull up your zipper, then …… Oh my goodness you forgot to pull your zipper down!
…I like this one – I have seen it many times[biggrin][biggrin][biggrin]
“If You never never ask, you’ll never never know”
“Any fool can criticize, condemn, and complain – and most fools do.”
Dale Carnegie“If You never never ask, you’ll never never know”
Behind every successful man…
…well there just isn’t a successful man…“If You never never ask, you’ll never never know”
Hey Steph, your a good cheater[rolleyesanim][rolleyesanim][rolleyesanim]…Chan, that one has already been solved in the last riddle section…
“If You never never ask, you’ll never never know”
Chan and Wayne – I think I’ll be talking to both of you more.
Chan – what kind of programming do you do and what language do you use?
I have two jobs – I work at Australia’s no.1 Coffee shop (take a guess) and at the university of RMIT as an IT helpdesk support for staff and students.
kind regards,
George.“If You never never ask, you’ll never never know”
I like no. 11[biggrin]
“If You never never ask, you’ll never never know”
Ok Redwing – my deepest apologies,
we have been a bit slack lately – I’ve been extremely busy creating a website for the Church…
…but I will endeavour to post something very soon – like in the next 20 min.
kind regards,
George.“If You never never ask, you’ll never never know”
Originally posted by Cremin:I can’t see how, as when you get a loan for X amount of years you are told your re-payments are $XXX.xx per mth. As far as i can tell this amount will stay the same for the entirety of the loan providing interest rates don’t change too much. So if your rental return is $100.00 a mth more than your loan re-payments, surely this is all you will earn in passive income until the IP is paid off. Unless you rip your tenants off and keep raising rents, which i don’t think you can do anyway. Or am i completely off the mark here?.[blink]
Cheers.yes you kinda are off the mark.
No need to rip tenants off. Your signature says it all, “Work smarter, not harder!. You can do what Steve does. A third of his Passive income goes to repying off his loans. A third goes to investing in more properties and a third goes to himself.
The more you pay off your loan – the greater the passive income. And you use the rental income from one property to purchase a second property which then produces a second source of passive income from the second property.
Kind regards,
George.“If You never never ask, you’ll never never know”
Hey Wallflower,
set a date and time and see who’s coming. Also, where is the Flower Drum?
“If You never never ask, you’ll never never know”
Hi Craig,
I agree with Anubis – its not a rule. Although I still find properties that meet 11 sec. equation, you shouldn’t let it be the benchmark on which you purchase properties. Also, don’t limit yourself to NSW – look at QLD and SA.
Kind Regards,
George.“If You never never ask, you’ll never never know”
Hi Pisces,
I read a statistic once that 800 ppl migrate into Australia (or Melbourne was it???) every week – that simply means that these ppl are going to need a place to rent. Also, many young youth are getting married these days without any financial stability – then comes the child which adds extra strain to the family living and they can’t afford to purchase a house. They have to rent which means more investment properties for you all.
Kind Regards,
George.“If You never never ask, you’ll never never know”
Hi Craig,
Do you want to limit yourself to NSW – because there are good investment deals elsewhere…
Kind Regards,
George.“If You never never ask, you’ll never never know”
Hi Terry,
I don’t think I understood your post the first time now that I read over it.
What is the process for purchasing IP, from viewing a property to settlement eg. time frames, cooling off periods, and any thing that may cause problems in the deal.Are you asking as an O/S investor wanting to invest in Australia or are you an Australian wanting to invest elsewhere?
Kind Regards,
George.“If You never never ask, you’ll never never know”
well kinds – its just that when someone asks you a question, you reply straight away – which is a good thing in a way…
“If You never never ask, you’ll never never know”
Hey Kev,
I heard you went – don’t feel dissapointed – I went too but got there late and heard you left. I didn’t have your number to call you but left my number just in case you came back. I live on the other side of town but it was worth a good drive. Cheers.
Kind Regards,
George.“If You never never ask, you’ll never never know”
I liked RDPD but found Kiyosaki to be repeating himself towards the end of the book.
I loved ‘The Richest Man in Babylon’
Also, ‘The Greatest Salesman in the World’
“If You never never ask, you’ll never never know”
Hi Cremin,
There is a simple way to everything – you just have to think outside the square. That’s what I did and ask the lender a thousand questions to find me a way to get the loan.
I managed to get my first property when I was earning a low income as a casual worker. HOW? Easy – I showed the bank the rental income from the property and since it was +CF, it was exceptionally good rent. The bank takes this into consideration but you have to tell and show them there is a lease contract on the property of which the rental will pay for all the loan and more. The bank will take 80% of the rental income on top of your income as serviceability to repay the loan.
Kind Regards,
George.“If You never never ask, you’ll never never know”
Hey MH – do you work full time on this site?
“If You never never ask, you’ll never never know”
