Forum Replies Created
Thanks Derek and Mini,
I’m ready to invest in the first of 5 houses for this
year, am doing the last bit of due diligence as these
will be my first ip’s… scary stuff!!! i’m sure that
just like everything it gets easier and easier, i think
that i’ll make a checklist for new players?
have a good day
itsa[
]One of these days i’m going to put a good, funny, witty comment here.
Hey Westan,
Happy new year! (I’ve had a long vacation) [
]Five this year mate, I’ve found some good +cf properties (yes, if you look hard enough they are still there!) I’m not sure if i’ll have the dollars for all five but am changing my reality and trying anyway.
I might have some larger deals around 600K that don’t interest me at the moment; however, smaller properties in NZ do interest me… might be able to trade info… keen? I’m 100% genuine.
just wondering how either the spotters fee can be controlled adequately or how a 1 for 1 swap of info could be negotiated? All properties are before being advertised (got to love that!!!)
Warm regards,
itsa.
p.s. am on a work trip at the mo and still completing due diligence but all check out so far…One of these days i’m going to put a good, funny, witty comment here.
Everyone,
thanks for your replies.Julia,
Where do you work? I’m currently looking for a CPA in the North Queensland area. I’d ideally like to build my entire investment team around that area but I’d be happy to have them scattered accross the four winds if they were worth their weight. It would be nice though to be able to operate on a face to face basis rather than via the net, phone, fax.Have fun,
itsamoorey[]
[email protected]One of these days i’m going to put a good, funny, witty comment here.
Hi guys,
back from vacation and well and truly back into work (but not forever!!!)
I wish that you all get your wishes. I wish that everyone in the world was unselfish for just one hour a week. That way good, unselfish acts would continue to grow around the world as people realise that it feels great to help other people.
p.s. mini, apparently if you do something 21 times in a row it becomes a habit!! If you go to bed the same time everynight then getting up early becomes very very easy and your body no longer needs those weekend sleep-ins.
itsamoorey[
]One of these days i’m going to put a good, funny, witty comment here.
Guys,
and not support the wallabies anymore?
sorry, couldn’t do it!!!
itsamoorey[]One of these days i’m going to put a good, funny, witty comment here.
Muppet,
Thanks, exactly what I needed.
itsamoorey[
]One of these days i’m going to put a good, funny, witty comment here.
Pisces,
Yep, I agree… IO seems to be the way to go with possible refinancing after the 5 years, either going to P&I with a view to holding onto the property or maybe just selling for the capital gains on the property? I guess it depends on each persons strategy, I’m curious as to what Michael posted about steve not recommending IO… why I wonder??
Anyway, I’m looking at two properties at the moment and am about to consult with Mortgage Hunter, he seems to know his job and also appears honest, a rare trait nowadays.
happy new year all, thanks for your input.
itsamoorey[]One of these days i’m going to put a good, funny, witty comment here.
Thanks Redwing,
Interesting read, always great to hear advice from someone with more experience.
happy new year,
itsamoorey[]One of these days i’m going to put a good, funny, witty comment here.
Steve, Julian, Michael.
Thanks for your replies.
Steve,
Thanks for your reply, also thanks for starting this website so other investors can get good advice in a quick fashion as well as experience from people who have already jumped the same hurdles.You must have run into critic after critic… I’m constantly told by friends and family that positive cashflow won’t work. I’ve given up trying to explain it to them now (as biased ears never listen neutrally) and just lend/buy them a copy of your book. That seems to put an end to the critics.
I’ll definately find some good tax advice, i’ll just have to find a good accountant in my town first. (hello specifically property forum)
Thanks again for the help guys, happy new year.
itsamoorey.[
]One of these days i’m going to put a good, funny, witty comment here.
Hi guys,
Redwing, so in effect if you have an IO loan and all of your repayments are tax deductable every single cent your paying onto the loan is a tax deduction. If you hold several properties on IO loans tax time would be a very nice time of the year indeed!!
I can understand why some people would prefer to just pay the P&I and until your post I thought the same but to make a serious start to my investing I’d probably be mad not to have the first few houses on IO as that would free up more monies for more properites… (as was explained very well by Mortage Hunter… Thanks!)
Okay,
thanks guys for all your input, I’ve now gone from definately P&I to most probably IO….[]Have a great new year!
itsamoorey[
]One of these days i’m going to put a good, funny, witty comment here.
Sue,
I’m in exactly the same boat at the moment, any
chance you could share your experiences with me
once you’ve purchased the property? I’ll be doing
exactly the same in roughly one month.
Thanks,
itsamoorey ([email protected])[
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