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To tell you the truth I am interested in seeing what you think of the next two decades, especially with so much going on (baby boomers retiring, pension situation, etc)… The opinion of even experts varies amazingly, from total depression to not much happening at all. It would be nice to hear from an investor view point, rather than from the screaming headlines of newspapers (and even the cover of books too!).
Also perhaps some strategies of what investors can do to reduce their risk (perhaps a mixture of non property and property related).
So to put it down into two ‘tags’: trends and risk control.
Thanks [biggrin]
Wow an interesting dilema!
I always think it’s good to hold onto property, but you have to balance that with how much you can afford in repayments and what capital growth they can achieve.
First look at the growth rates of where you houses are located and see if it has a high growth rate, if it dosen’t I would be tempted to sell the non performing one and use the excess funds to invest in +CF property. In fact you might be able to find a really good commercial property which usually have much higher cashflow than residential (loans however are based on a max of 70% of value, hence the need for large deposits). Of course I don’t know your full details so this is only general advice, but I’m sure you’ll get lots of responses!
Kerry Paker has alot of companies…
So it is applicable to Australia.
Usually with property we use a trust with a company being the trustee for a vareity of reasons (such as asset protection, taxation, etc).
Of course always speak to a good accountant.
I think it’s a good idea tocheck the area out first, as well as a few properties just to see the standard. I however have a good team to make it alot easier as well.
Gatsby is right!
If you are using a diploma to get into biz make sure your maths is at a very high level. Unless you did ‘advanced’ (or 3/4 Unit) maths you will find it extremly difficult.
I for one find it confusing as to why such a high maths level is req. for business (such as augmented coefficent matrixs, indefinite Integrals, Intergral Claculus, Maxima/Minima, etc). I never have used any of these and I’m guessing – T never, ever will…
For a job employers would look at it and give some credit towards it (i.e. self education) but in my opinon I don’t think it would massively increase your chanes that much – rather do courses that interest you, and where you will be going (so if you want to work in HRM, do lots of courses that focus on HRM, for example – this will give you more credit that just having a biz diploma).
Hellman
I would suggest you do for the simple fact that you are protecting others. Trying to keep it balanced is always a good way of being fair.
