Forum Replies Created
I can’t get enough of this.
[drummer][strum][guitar]
[bike2]
[smash]
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]I will whip [whip] anyone who disturb me in forum frolic
[juggle]
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]So how do you feel, SIS?
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Originally posted by Still in School:lol…
im watchin you Chan… [specs]
Cheers,
sis[specool] I am going to wip you [whip] and I am running away [bike2]
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Originally posted by georgisj:I found Pepe, I am a very happy man!! (small things for small minds)
Pepe aka James
Pepe?…I am going [bike2]
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]This is me
[juggle]This is people around me
[drummer][strum]
[guitar]Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]yeah I did admire my mum as well while I live with her!
Not anymore!
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Go oversea and while at oversea look for opportunity to invest in property.
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]There’re different people in this world, so you better get use to it, otherwise you will be alone by yourself.
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Originally posted by Derek:Hi Olliee,
How much are Edestiny charging for their consultation?
Bear in mind much of what you want can be found here on this website and there are countless people here who will gladly take the time to answer all your queries as you move along your investment journey.
If you choose to use a consultant make sure you are talking to someone who has done the ‘hard yards’ – property investment is so easy from a book.
Derek
I think it is free!
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Originally posted by mitzu5:Hello everyone,
From Sydney I have just purchased my first IP in NZ which is so exciting and scary all at the same time. Any way my question is, how do u guys purchase 1-3 IPs in NZ when you are only there for two weeks or so. Are these IPs for starters in good condition that they don’t need renovating. There is also, like any property purchase a lot of running around to do. Im going back soon and would like to purchase another house but the thought of not finding a tenant before i come back is kind of putting me off. Its also a mortgagee sale so Im not too sure if it needs a lot of work.
Would also like to know if everyone take out rental insurance along with the normal landlord insurance for every IP they have. This tenant in my new IP has been there for a year already so I thought I wouldn’t get rental insurance. At this stage I have only taken the basic insurance for landlords ($340 as it cost another $300 or so dollars for the rental insurance. I know these questions may sound silly to some but I would really appreciate some feed back. Thank youFrom what I heard from other forumite in NZ there is no such thing as Landlord insurance, I am not sure wether it is true. You said you took out basic landlord insurance for $340, what does it cover there in NZ? which insurer are you using?
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Originally posted by tycoon:G’day all,
I recently bought the book ‘130 props. in 1.5 years’ and have just finished reading it. I have spent today looking for +ve cashflow properties (here in Townsville) and have yet to find one!.
I will continue to look until I find one, preferably in my price range and meeting my criteria.
Please someone tell me to keep going because Im finding it difficult…..[angry2][blink][confused2][confused2]Keep going, you’re nearly reach financial freedom!
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Replied in BLUE
Originally posted by my4isrobs:What should i do with my slave saving of
$23 000… I want to build a property portfolio produceing positive cash flow.-I’m reading 0-130 properties..3/4 way through.
-Fast Track video is being sent and on the way.
-Played Robert Kiosakis cashflow about 25 times.
-Haven’t been to seminars of real value, just motivation to save $$.QUESTION is where do i start [biggrin]
I think you are moving in the right direction by reading and learning everyday.… what would you do in my shoes.. oh.. i’m 24 years old, never moved out of home, never had a bank loan, never paid rent.. jus some background anyways.. thanks.
If I am in your shoes then I would still stay at home because I will save a lot by doing this.Set goals of how many -ve, +ve, neutral property I want to buy and how are you going to do it?
When do I want to retire?
What do I do next?
I will arrange to speak to one of the mortgage broker to see how much I can borrow!
Set up the approach of how am I going to purchase my first property. By When? Where? what is my criteria? what if I have the problem along the way, how am I going to solve it?
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]There is one problem. If you don’t act fast enough then you might loss the property that you want. If it sold then the opportunity won’t be there for you for a long time.
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Market will alway change everyday!
Be prepare to pick up some bargain!…lol
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]There you go, negative gearing people! now even more negative! Where as positive gear before = neutral now…lol
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Mark,
My understanding is that when you purchase IP for say $100k rented out for say 3 years. Then you move into your IP in the forth year. The CGT will apply from 1st year to 3rd year.
Therefore you need to do a valuation on the property before you move in.
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Originally posted by Terryw:Another idea, similar the Landlordtobe above.
Why don’t you state that the market rent for the unit is around $280 per week rent, hence we are putting the rent up to this level. Then say however, if you think this is too much, please contact me on xxx and we can arrange a slight reduction.
That way if they don’t contact you, you get the full amount. If they do contact, you can reduce the rent down to the original amount you were going to charge, and they will think your sister is a nice person.
Terryw
Discover Home Loans
North Sydney
[email protected]Good one Terry
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]If you are the purchaser then it is not your problem because the spotter suppose to get organise before passing on the property to you.
If the spotter does not have some sort of licence for this case then the spotter should seek advice from professional or spotter should offer to purchase the property as norminee on behalf of the purchaser.
But if the purchaser does not want to buy property then spotter will have a lot of problem in this case.
Therefore, an agreement between potential purchaser and spotter should be in place before hand.
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Just turn it off…lol
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]
