johann22 wrote:
If some one wants to make money then they will. More wealther  people are made when times get though.Why? Average person will complain life is to hard, omg the bills, my cat needs this. All they do is buy shit and doom and gloom and scared to take a risk.Donald trump has failed so many times yet he is very wealthy, rich dad poor…[Read more]

Your kidding us right?

You have a business with a 530k loan that puts $45k in your pocket every year and pays loan costs of 6k per mth.

And you want to replace that with an IP. Show me where you can get an IP in this market that does even close to your business figures for the capital involved.

Extremely hard to make an IP worth more – all have…[Read more]

GetRichOrDieTrying wrote:
You have to give me a bigger wink Jack.Maybe a pointing finger and GPS location lol

I’ll save the wink and point the finger for you. No GPS required.

So what would my advice be to a young fella with a young family who’s reasonably comfortable at the mo. There was an old american guy, 90’s I think who recently died.…[Read more]

Used to design, build and develop many years ago. I didn’t know my ar$e from my elbow when I started but I had spent several off seasons as a teenager on construction sites.

In saying that though there’s no way I’d take on someone else’s failed project.

When you do your own development from the ground up you learn a lot and are thoroughly…[Read more]

ummester wrote:
Just saying that a credit injection is the only thing that will stop the market from continuing to soften ATM – never said it was a good idea.

The FEDs with their massive QE programs and near zero interest rates haven’t made any difference to the US property markets. Our problem is that we are maxed out on credit. Australian…[Read more]

I see this is turning into the idiots corner. <moderator: delete personal comment>Have fun boys. I've got better things to do.

engelo10 wrote:
Jacky, what do you suggest we all do If the world is coming to an end? Should I build a bunker and stock up on cans of beans? How long until this coming crisis will happen? I’ll stock up on popcorn now also hahahahaha

I think you have the wrong disaster scenario there Engelo. You can hole up in one of the several empty IP’s you…[Read more]

JacM wrote:
Bricks and mortar, people.  They've long been the "safe investment" for a reason.

I’ll be sure to pass that onto the Irish, the POMs, the Greeks, the Spanish, the Yanks, the Europeans and the 100’s of Aussy mortgage holders going under every month. They obviously haven’t heard yet.
Jack

engelo10 wrote:
I hope you are right regarding the big recession coming, I wouldnt mind another crack at BHP for $20 and CBA at $25 a share hahaha

What’s the old saying “ignorance is bliss”. You have absolutely no idea what’s coming do you. I wouldn’t be worried about buy shares if I was you. You won’t be able to buy a bag of popcorn when this…[Read more]

Jamie wrote:
You've heard it first hand people. Time to sell up – Jack has spoken….for the 12th time.It's getting old – surely there's a property hating forum that you can sign up to.CheersJamie

I think I’m mightily outnumbered by the buy buy buy crowd.

So I take it your expert advice is to buy into a falling market. I can see why you’re a…[Read more]

ummester wrote:
Seems to me that without a prompt credit injection, at rates borrowers can afford, the market will continue to soften or begin to crash. Question is, where does that credit injection come from?

I tend to agree with most of what you say Unmester, however, credit or should I say easy credit is the primary cause of global woes.…[Read more]

itsandrew wrote:
I find it interesting that you don't like the idea of removing a tax.  I think you're probably right that they'll just increase tax somewhere else but perhaps they'll defer some spending till the tax take catches up in a couple of years.In any case whether it lowers house prices or not I think is a secondary issue.  For me the l…[Read more]

let’s do a back of the knapkin kinda exercise to gauge this.

Lets say 130 properties have a conservative average value off $200k that’s around $26,000,000 and they return $200k split between 2 ppl.

That kinda works out at net investment return of 0.8%

If one goes hell for leather to acquire 130 properties in such a short time frame I can only…[Read more]

https://www.propertyinvesting.com/weekly-update/31-08-2011

Year on year fall in Melbourne is -5.0%

I would be seriously considering cashing out of any property for the time being not buying more.

Jack

The Great Correction nears……..

Quote:

The ‘L’ word is back

Fear gripped European banks last night, of a kind we have not seen since the collapse of Lehman in 2008 which brought on the global financial crisis. As I explain below, Australia will not be immune.

But when Lehman collapsed it was fear of the unknown. This time markets are…[Read more]

engelo10 wrote:

Anyways lets move on enough of this battering, you can go post more negativity on othe people’s topics or wait untill I post something new again hahaha

Regards,
Engelo

Your problem Engelo is you’ve been caught out blowing off like you’re some astute PI when in fact both you and Nathan can’t substantiate your claims.

As for…[Read more]

Engelo is this not what you requested:

” I would like other peoples opinion as to what they think about having a portfolio of 10or more properties that are pretty much neutrally geared”

Are you only after positive reinforcement which usually includes masking or simply excluding the true picture.

Forums like these offer valuable information…[Read more]

Nathan – His goal is $50,000pa in 5 yrs cash-flow positive from his properties. Engelo – a portfolio of 10or more properties that are pretty much neutrally geared. I have a problem reconciling these two statements Engelo – have to apologise for not being educated enough to understand your philosophy It's not that hard Engelo.…[Read more]

“But hope it also to be neutral/slightly positive down the line.”

Sounds like thorough planning and research went into this venture

Another lamb to the slaughter!!!!

engelo10 wrote:
hahahaha I have your attention now.

Hey guys,

Just purchased a unit for $155k returning $260 per week. Although not cashflow positive its only costing me $20 a week before depreciation tax to hold and its within 1 hour drive of Sydney CBD. Im pretty stoked with this deal bringing my tally to 3 properties now all bought within…[Read more]