Forum Replies Created
hhmmm
on pg. 14 on the 3rd last line, it says there were 23 people (eight couples and 5 individuals)
…8 couples is 16 + 5 individuals = 21 not 23
I may be mistaken – but I think theres a typo…
Regards,
GeoI’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
It is written in the Bible, that to God, one day is as a thousand years and a thousand years is as one day. There is no time limit with God.
Actually, if you add all the ages of those in the Bible, you will come to find that humans have been here for about 7000 years in total as some generations over-lapped.
The sun (light) was not created until the fourth day so there was no rotation of 24hrs until the fourth day. The dinosaurs could have been around for thousands of years (in the first 3 days).
Kind regards,
George.I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
Originally posted by Monopoly:
FYI Geo…..175K turned into 925K in 10 years, and that’s just one example!!! [biggrin] Stranger things have happened!!!Amazing example Jo. I’ve never seen or heard of somthing going this much up in value but I won’t doubt you. Its estimated that property doubles almost every 10 years. This property you speak about has gone up almost 6 times in value.
Originally posted by Derek:
All of these options enable an individual to live off their equity and retain the asset.My understanding is that anyone may still use the equity in his/her place but will be owing to the lending institution moneys in the form of the re-borrowed equity. How can someone use the cash in their equity whilst still retain the full asset? Does not the lending institution own part of it?
Kind Regards,
Geo.I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
Hi Simon,
Although you’re right, 30 years ago is not the same as today or you can’t say that what happened over the past 30 years will happen over the next 30 years.
40 years ago, a friend of mine’s dad was offered 2 properties in Toorak for $10k that are probably worth a fewmillion now. but purchasing something now for $200k or $300k doesn’t mean it’ll go up to 2 million in 30 years time.
Secondly, even if it does go up that much in value, would someone want to wait that long before enjoying a comfortable life since its gobe up in value, its all tied up in equity – not in cash that you can use. Most ppl in 30 years will be old and depressed.
Kind regards,
Geo.I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
Hi Tracey,
Although there free to obtain, you don’t need an ABN to purchase properties.
Do a search on the forums for accountants – it has been discussed at length and many have been suggested.
Steve’s second book just came out – so for you to have read it 3 times, this is a big achievement but it’s too short a time from when you first read it to fully understand the investing game.
I wouldn’t purchase under a company, or prop uless you’re forced to but rather under a Trust – speak to an accountant to clarify.
And if you only understand 50% of all the legal stufy, then that’s excellent. The solicitor is there to help you understand the other 50%.
Kind regards,
George.I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
oh WOW – i just got 250MB – mine jumped too
There following the suit of gmail and yahoo.
I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
Hi Steve,
Im sure they won’t send you home in a Blue light taxi for having a tape recorder – hehehe
When you get there, just ask the admin staff.
regards,
Geo.I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
I think they practise witchcraft…[confused2]
I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
Originally posted by Bonnie:Property Value – $109,000 Neg
Rent – Currently $210 per week until 12/10/05
Council Rates – $922.14 per year
Water Rates – $149.50 per year
Stata Levy – $97.14 per quarter
Unit is 8 years old and in a secure complex of 21 units. It has 1 bedroom and 1 bathroom.Does this sound like a good investment or not?
Personally, this doesn’t sound like a good investmenst to me. Beside the fact that it doesn’t meet the 11 secound guide your after,
– It’s a unit amongst many others which tend not to appreciate in value
– Your rates are fairly high
– What are your other rates, Sewarge, Body Corporate, Gas, Electricity etc.
– It only has 1 B/R and 1 bathroom.anyway, hope this helps
kind regards,
GeoI’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
In short,
The great thing about IO is that it increases your weekly income as your repayments are alot less.
The downside to it is that after 25 or 30 years of the loan, you still owe the banks the same amount a what you bought it for – whether this be $100k or $300k.
Regards,
GeorgeI’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
Hi,
Your best option is to speak to an accountant to get your structure set up correctly.
But it would seem best to build one now, sell it in 12 months time to avoid 50% Capital Gains Tax. Then use the profits from this to build your next then sell that after 12 months also for the same reason.
Me personally – I wouldn’t want to sell – but your choice.
Kind Regards,
Geo.I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
Your best option is to speak to Westan, Minimogul or Castledreamer – there gurus in the NZ market.
From my experience, there aren’t that many barriers – there easy to eliminate. Most likely, you’ll need a NZ institution to finance you as most banks here will not lend you for international property.
Kind Regards,
Geo.I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
If your on $50k a year, why would it take 3 years to reduce your loan.
secondly, personal loans usually have far greater interest rates. Apply for a home loan and the bank will add the personal loan to your home loan with a much lower interst rate of approx. 4-5%
regards,
geo.I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
Which Monash campus are they being build at?
thanks and regards,
George.I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
Originally posted by Ali G:maybe because it’s my birthday
HAPPY BIRTHDAY ALI G
I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
thanks for the link…
unfortunately, Im working[confused2]
I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
Hi Shawn,
I would set up a Trust if I were you and have all your properties under it. Speak to an accountant in regards to this.
The est. value is $300k. Your loan is $215k. This means that you’re putting in the deal $85k as deposits which thus means that you’ll have some good equity in the deal which means that yes you’ll be able to purchase more properties. Let’s not forget that the property will jump in value according to your predictions of fuure developments whicl further means more equity.
Best of luck.
Kind Regards,
George.I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
Originally posted by happyg:My situation is I’m working in UK and am currently back in Aus(Syd) for one month[biggrin] before returning for another year.
very short time frame – don’t rush your decisions
so ny questions are1) What are thoughts on Dubbo for CF and longer term viability?
With $80k and your short time-frame, I wouldn’t invest in this area – read below
2) Would I have enough time to get something started in NZ or is the process too lengthy?Generally, the process takes approximately 6 weeks. Since you have $80k cash, you can do it in shorter time since you don’t need to apply for finance. There are properties in NZ that are far less than $80k. But have you researched NZ well or are you just rushing into it.
3) Would giving an Aus friend power of attorney allow them to pursue the NZ option if my time ran out?You can do this but as Aussie investors have invested overseas in NZ, I believe you may also be able to invest in NZ whilst living in the UK without having a power of attorney. Also be careful who you make your power of attorney – how trustworthy are they?
Kind regards,
George.I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
Not necessarily – as long as you’ve got some equity in your current property, they may not ask for your job criteria.
I was casual in my job when I got my first loan and all I did was obtain a letter from my employer stating I was working x amount of hrs per week.
Kind Regards,
Geo.I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
Originally posted by Lucifer_au:You can use http://www.jaffasoft.com towork out your C0CR.
WOW! – Brilliant site!
I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
