Forum Replies Created
- Originally posted by MiniMogul:
How do you service a 2.1 million portfolio without being positively geared? what’s your safety net if neutrally geared? Is it really your property, or is it your parents’?
If it is positively geared then you not only can services 2.1 million but you can services billion or unlimitted amount of property.
If it is neutrally geared then you also can services unlimited amount of property!
Is it really your property, or is it your parents’?It is a bit harsh, don’t you think? If one does not have the property then why would one said so?
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Redwing,
My first IP bought in Sept 2000. It is a 3 br all with built-ins, Single LUG, reasonable size of land in a quiet suburb.
I bought it for $230k and rented at $235pw.Now it’s worth $410k-$430k, but renting at $220pw at the moment. I want to sale it, but at the same time I want to knock it down and build my dream home. I still haven’t decide what to do at the moment!
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Originally posted by melbear:Hey muppet, we should petition the admin to take one number off for each post that Chan$ makes – he’ll be back to zero in about 2 weeks the way he has been going.
Cheers
MelAgreed…ROFLMAO
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[juggle]Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]PoorDad = Chan$ = ChanDollars?
[drummer][strum]
[guitar][whip]
[whip]Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]PoorDad = Chan$ = ChanDollars?
[drummer][strum]
[guitar][whip]
[juggle]Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]I really enjoyed it and I hope when I am 54 years old I don’t have that problem….LOL
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Should we discussing property investing here? oh this is opinionated forum, sorry!
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Thanks James, much appreciated!
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Best way to research for town info is to use http://www.google.com.au search engine and type in the suburb name.
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]James,
Will you able to tell me more about Ed Burton? Like what sort of investing and concept he uses? +ve/-ve/neutral Cash flow property? AND so for…
Thanks in Advance.
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]I think it is best to get a depreciation schedule done by the one you choose so that you can get a higher depreciation than the one the vendor give you.
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Originally posted by BEAR1964:Damn this looks great, I have a seminar here in Adelaide to attend otherwise I would do my best to attend.
Regards Bear
POSITVE CASHFLOW properties and Joint Ventures available!
For the BEST deals register via E-mail [email protected]
DONT MISS OUT!!!!!I would love to see you here in Sydney.
I am going on Sunday 28/03/2004 10am to 5pm. Anyone going at this day as well?
Kay, which day are you going?
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]My lender told me that if I have a retirement village then I can’t use it equity as a security to purchase other property. The only way to get the equity is to sale it.
I still don’t believe them, but I don’t have any retirement village at the moment therefore I can’t say whether it is ok or not.
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Rachel,
There is an advantage of buying properties in different state. First you just got to take a look at the land tax threshold to find out how much it is in each state. Then you buy property up to the threshold limit and move on to the next state.
By doing this you will save money by not paying land tax, but if there are opportunity that you can’t avoid (ie. go growth areas, +ve gearing….) then you got no choice and have to pay land tax.
Managing property closing to where you live sometime is a nightmare. The agents will call you regularly if there is a problems.
Where as your investment property at the interstate then you don’t have to worry about and just sent the tradesmand to do the work, but it is costly tho…if it is a small problems that you can actually fix it yourself.
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Originally posted by yack:<<<<I think this is the first time that Yack, SIS and Chan$ has somethings in commons…lol….quality investment property:>>>>
Now we need to work on Leigh K, Mini Mogul and Pisces. Well there are some battles you cant win.
Nice one Yack, I really enjoyed reading your posted.
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Originally posted by Rubbachook:I think the least one can do is smile. I lead by example.
At least I got very similar colour to your…LOL
I did smile, but you just can’t see it…LOL
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Originally posted by muppet:Hi SIS
Come on mate use your moderator powers and delete or eliminate all of Chan$ posts in the forum funnies and then we’ll see what posts he has left.
BUT make sure when you delete them Chan’s posting counter also counts backwards.
Regards
Guest what if you are a programmer then you will know. For the post to count backward then SIS has to change codes (asp’s code) in which he does not have the power!
To change code you just have to ask pi.com web developers to do it ie. asp’s guru in pi.com.
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Originally posted by Rubbachook:Quite an achievement Chan$. You must be proud of how you have touched our lives.
I am! and thank you…LOL
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]I think this is the first time that Yack, SIS and Chan$ has somethings in commons…lol….quality investment property:
Where are they?
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Replied in BLUE
Originally posted by Michelle_G:Hi,
I’m new to property investing and still learning, so please excuse my question if it is too basic – What is an IRR? I think ‘Internal Rate of Return’Also, there seems to be an argument going here that it is better to invest in -ve CF properties because they have greater growth than +ve CF properties.
In my simplistic view: If you pay, for example, a $20K deposit on a $100K +ve CF property and it never increases in value – with a tenant paying rent and this paying the loan, you still end up with an $80 profit at the end of the loan (you’ve only paid $20K out of your own hard earned cash).
Even if the property fell in value eg to $80K, you would still make $60K profit. Also allowing for inflation over the term of the loan, it still seems to me that there would be a significant profit, not to mention the extra cash you’ve earned from the +ve cash flow.
So even without growth you have quite a large return on investment.
Am I being too simplistic here, or is this a valid comment?
I think it is a valid comment and I do agreed! but the reasons people like to investing in -ve gearing property because the grow is much faster than +ve gearing property and there tax bracket is very high so they can claim a lot of tax from it.Where as those who investing +ve gearing property because some might not even working, other with low income so +ve gearing is the way to go for them. Once they have enough +ve cash flow then they can start investing in -ve gearing property to offset the +ve gearing, but growth much faster.
Regards, Michelle.
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]
