Forum Replies Created
Correction[
],ie they haven’t been brought up with the stereotypical thinking that people from big cities can have!!
Not meant to be a slight on city people!!!
Ish[
]I agree with Del, have a look at WealthGuardian and also, I’ve posted a summary on Trusts on this forum, so that may be a short summary worth looking at for you. The seminar certainly did not mention companies as alternative methods for wealth creation and asset protection with regards to property.
Bye
Ish[
]Thanks guys, very muchly..
Ish[
]Thanks Tas Investor…you can imagine the childhood I had, can’t you [
] [8D]Ish [
]Terryw and Nick,
Terryw – Firstly, I’m not that savvy electronically to put asterisks in my name. The reason is that the site thinks I’m swearing, and it is technically correct because my name is spelt with a rude word in it. [
]Funny though, if you look to the left, my full name is displayed, so go figure???? So you should be able to work out my email address now.
Nick, great minds think alike[
] I’ll post up a new topic right away. The idea is so buried in the previous post that I don’t think anyone else will read it.See you there,
Ish
Hi All,
I’m Ish and my first real experience of this positive IP community was at the Masters Seminar. I’m hooked!!!!
Yesterday I negotiated and agreed on my first IP!!! Thanks so much to this community and site in assisting me to be educated enough to do that.
A little about me, I’m 36 and live in Sydney’s southern suburbs. No partner or kids…yet.[
] I do however have 2 beautiful nieces, 6 and 8 years old.I work as a training consultant for a company based in North Sydney but spend most of my work time in Australia’s capital cities running training courses. Plenty of time in hotels for searching the internet for properties I guess!!!
Nice to hear a little about all of you and was wondering if maybe we could go the next step. How do people in Sydney feel about setting up the occassional social meeting? Like minded people getting together and sharing experience, face to face! I’m more than happy to be the organiser so if you’re interested, drop me an email with the following preferences:
Frequency – ie. 1/month, 1/3 months, etc
Day of week
General Location – city, north, etc?
Drinks only or food and drinksHope to hear from the Sydney -ites soon,
Ish
PS: look to the left of your screen to work out what goes in place of the asterisks!!!![
]PSS: Don’t know if this has already been organised by others, so if so, please fill me in
Thanks Red Card, Ronulas and others who have replied…
I failed to include a rather important detail in the post…this is a small block of 6 x 1 bedroom units. So its a small price to pay for (as I see it) 6 properties, where rental increases will be much easier to achieve than if it were 1 property. Michael and Kay are still helping me crunch the numbers, so the learning continues.
I do hear you Ronulas…the lower value properties do provide higher cocr’s due to lower stamp duty component which is not deductible.
I’ll let you know what I finally decide. However in the meantime, I’ve hit another snag. I had preapproval for money, but now find that because the property is on a single title and is single storey (???not sure why thats an issue), some institutions will not lend or will only lend at an LVR of 70%. They also want the property to be “Strata Able” ie. can be separated into 6 separate titles. 70% LVR still provides +ve cocr, but where am I going to get that kind of deposit!!!!!!
Currently in search for a creative and flexible lender…talking to prosolutions who are being as helpful as possible…thanks Stuart
Anyway…I post this information and hope it is/will be helpful to others at some stage…
Many, many thanks to Michael and Kaye, could not be as clear about the process and decisions without your assistance.
Ish
PS: Editing function appears to be working well on my name…and yes, I did cop heaps when I was at school[
] Maybe we can use Ish instead and then I won’t be constantly reminded…just joking[], its cool [8D]
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] I’ll post up a new topic right away. The idea is so buried in the previous post that I don’t think anyone else will read it.
