Forum Replies Created
Shaelley
I understand your problem – its the same one I have. You need to have enough equity to purchase, but then you also need to be able to service the laon, so you need cash flow. I think that is why I am so confused!!!!!!!!!
I read these posts all the time but I feel very inexpereinced compared to others. I also feel like I am missing out, or missing good opportunities, simply because the bank is a bit cautious.
JAH
What is bird dogging? I am interested in knowing whether that means you will find undervalued property and then ‘sell’ the info to others for a price. Am I right?
Also – how do you know when a property is under-valued or even good value? I think it is about location, what other comparable and close property has recently sold for, and what kind of cap. gain you can make, but reading the stuff on the forums, I am not so sure anymore.
JAH
Crashy
You did well to find a property in Brisbane that fits with Steve’s definitions – or am I doing the sums wrong?
Can some clever wizard help me on this?? Home value $750,000 mortgage $350,000. Inv P No 1 value $350,000 mortgage $169,000. Half of another Invet P value $175,000 mortgage $70,000. Our gross income – $190,000.
Would I be able to borrow any more money – can’t see how myself. Also partner not willing to go further – which drew me to this forum in the first place!!
JAH
Hi I read Steve’s book over a year ago, and read the electronic stuff all the time. But I haven’t done anything about it .. we still have a mortgage and 2 neg grd properties. Also I have started working for myself (left the corporate world).
Am scared of positive cash flow – even though I know the rationale behind it. Also am not sure how to approach it – everytime I do the figures on something in Brisbane, it never works out like Steve’s book examples!! That is – favourable!!
I am not sure why George is selling – I wouldn’t, so I must not have this down pat after all.
Any one able to give me a big oush in the right direction??
Alice
