Forum Replies Created
- foundation wrote:Quote:So the worst scenario is that the money you are putting towards an investment only makes a small profit. Does that explain it?
Not really… I'd have thought that a scenario where you make a small loss would be worse than that, and that a scenario where you make a large loss would be the worst scenario?
Has this actually happened to any investors here? I think that in 99.5% of cases this would not happen..but I don't know…enlighten me.
Thanks for replying…
Prakman wrote:PPOR Worth 460K owe 93K
6 IP in WA (2 pending titles ) Worth 2.61 M Owe 1.95M
1 IP in SA Worth 160K Owe 135K
Joint Venture(50/50) 4 IP worth 1.36M Owe 798KSo In Total Assets of 4.105M With Debts of 2.976M
VLR of 72.5%
Rents of $144,300 per year Approx yield 4%All this achieved in the past 4 years with nothing more than dreaming, working and dreaming BIGGER!
Happy investing.
Nice….well done!!!!!!!!
Speak to your current broker…they will point u in the right direction…
freeman cooper wrote:Hi Dom, Hows this, You learn a bit about property, buy one, write a book about it, hold seminars about how you did it, tell everyone you can find them cash flow properties but first they must pay you to join their club, offer low doc no doc 120% loans for an application fee then 6 months later tell them they were unsuccessful, If you realy want to branch out buy some shares, write a book etc When people start comming to you and asking for their money back you can just tell them that it's all their fault and to p..s off. Or maybe you should buy another propertyThats funny…great stuff
I would also like an answer to this please…
Thank for the replies and encouragement…yeah I designed it myself…pretty basic though, will work on layout once I have enough content.
OK, what I meant by my first point is that if, through an informed decision, you buy an IP, the worst thing that can possibly happen is that you make a small profit when you sell, or have to sell. So the worst scenario is that the money you are putting towards an investment only makes a small profit. Does that explain it? Sorry, I guess you have to read into it a bit…maybe I need to clarify my view.
The "mindset" statement stems from the fact that there are many many "risks" to purchasing IP, but if you think through it, it is actually "no-risk"….it depends on you view…you know, cup half full, half empty….hope this explains it.
Good on you oneiricer, just get out there and start looking. My first PPOR took about 4 weekends of house hunting, seeing agents, speaking to the MB etc. etc. The only way you'll get there is by DOING! SO get out there and start making waves. I don't know about the 11sec thing, sounds like old school that may not apply anymore…By the way, our first purchase came from an agent, BEFORE IT WAS ADVERTISED, so you must actually go and do it…now stop reading and go…
