Forum Replies Created
MarkyMark,
I set up 2 bank accounts. All the income and expenses from properties and wages go into account No.1 and I try to keep this account at less over $5000. The second account is my saving account where it had higher interest rate on this account. Each month I check my bank accounts, any leave over from account no.1 which is over $5000 will be transfer to account no.2.
Every month there are a lot of rental statements so I check it and compare it to account no.1 if it match then I file it away. Each property have one folder so it is much easier at the end of financial year for tax purpose.
Kind regards
Jet Dollars
“Ask and you will receive. Seek and you will find; knock, and it will be opened to you.”Originally posted by elika7264:C’mon Folks,
your opinions are valued. Why so silent?
Regards,
HelenMost of us here maybe watching the Olympic, so it maybe quiet for the next two weeks.
I think now is the transaction from seller markets to buyer markets. As I am now having one of my property on the market so hoping for holding on the selling market for a while.
If I don’t get what I want then I will hold on to it.
I think it will be a better buy in the next 12mths because people seem to wait at see at the moment what RBA is going to do. If rate will rise next month, you will a lot more buyer looking for bargain.
Kind regards
Jet Dollars
“Ask and you will receive. Seek and you will find; knock, and it will be opened to you.”Originally posted by Doug:Hi Jet Dollars,
The property you found sounds like a beauty and is inspiring… thankyou. Could I ask a question (to Jet Dollars or anyone else who has a thought)? I’m unsure how we manage the properties we find in various places. Example, if we have are building up a collection of properties and they need reqular maintenance – repaint, fence repaired, investigate a water leak, wash it after messy tenants etc. Time and travelling to maintain a large group of properties would be significant. Would you try to do that yourself or pay others?Doug,
Those questions above are base on personal choice. It is depend where you purchase your investment property. For me if my investment property is more than 2 hours drive from where I live then I will do all my maintenance through Property Manager, but I build up a team of trademans network where I had direct contact with them if maintenance is require. My network consisting of:
1. Builder for building report
2. Pest inspector for pest inspection and pest control
3. General Trademans for problems such as doors, windows and all the little things
4. Electrician for all electrical problems such as stove, oven, and all general electrical problem
5. Plumber for water related problemsThese people got to be living in the area where my investment property is locate. If problem arise then I contact them and tell them what is the problem and ask them to contact my PM to arrange the job to be done.
I found that if you leave the problems to your PM to do the work for you then it will either take a long time or cost too much, but if you contact the people you know then the process will be much faster because those peopl looking for job and I am giving it to them.
Also, considering the above, would you try to buy certain types of properties to minimise maintenance?Your thoughts would be much appreciated.
Thankyou.The problems with buying certain types of properties is limiting your opportunity to look for all type of property.
I personally looking for all type of property as long as it put money in my pocket. If you had a system in place then you will be fine. Once the problems arise you just act base on your system that you already set up.
Different people will have different way of set up their system which work best for them and you got to have your own system before considering investing in property.
Kind regards
Jet Dollars
“Ask and you will receive. Seek and you will find; knock, and it will be opened to you.”Peter Spann,
Congratulation on your new book. I read your ‘Wealth Magic’ and found it quite interesting and motivation.
I haven’t buy your new book yet, but I will definately get a copy very soon.
I hope to see you around here more often.
Kind regards
Jet Dollars
“Ask and you will receive. Seek and you will find; knock, and it will be opened to you.”Originally posted by Supa Freak:How can you possibly track someone down through their Investment Property address ?
Yes you are right, this is property investing forum, therefore IP = Investment Property, not Internet Protocol
Kind regards
Jet Dollars
“Ask and you will receive. Seek and you will find; knock, and it will be opened to you.”Kay, PG, SIS,
Maybe we should meet again at Burwood, what do you guys think?
Kind regards
Jet Dollars
“Ask and you will receive. Seek and you will find; knock, and it will be opened to you.”Originally posted by geo:hey chan – love your signature…
I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
Eventhough I don’t read the bible, but the signature is from the bible. I think it’s from Mathew 7:7 if I remember correctly.
I am a free thinker.
Kind regards
Jet Dollars
“Ask and you will receive. Seek and you will find; knock, and it will be opened to you.”Originally posted by bennido:Originally posted by JetDollars:I don’t even know my avatar, but just like it.
GASP ! SHOCK ! SPLUT ! … <dropping dead on floor>
Just returning the favour.
Kind regards
Jet Dollars
“Ask and you will receive. Seek and you will find; knock, and it will be opened to you.”Originally posted by geo:I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
That must be MLM with 1CellNet…LOL
Kind regards
Jet Dollars
“Ask and you will receive. Seek and you will find; knock, and it will be opened to you.”Monopoly,
Your IP address can be static or dynamic, but technology still can track people even that is the case.
Kind regards
Jet Dollars
“Ask and you will receive. Seek and you will find; knock, and it will be opened to you.”When your bank does not take anymore money from your bank account and you see it grow everyday.
Kind regards
Jet Dollars
“Ask and you will receive. Seek and you will find; knock, and it will be opened to you.”I like all of them because it least there are some interesting discussion on TV and the pros and cons.
Take what you think is good for you, forget the rest.
Kind regards
Jet Dollars
“Ask and you will receive. Seek and you will find; knock, and it will be opened to you.”Kay,
IP address is a good thing, that is how I identified who is PoorDad.Kind regards
Jet Dollars
“Ask and you will receive. Seek and you will find; knock, and it will be opened to you.”I don’t even know my avatar, but just like it.
Kind regards
Jet Dollars
“Ask and you will receive. Seek and you will find; knock, and it will be opened to you.”Maximum of 40 hours per week, but got a day off every 4 weeks. I don’t want to work more than that because that is how they pay me. If they want me to work harder then they have to pay me more.
When I look at my payslip I tend to work less and less, but when I look at portfolio I tend to spend more time on it.
Kind regards
Jet Dollars
“Ask and you will receive. Seek and you will find; knock, and it will be opened to you.”1. Good Habit – at least half an hour reading before going to sleep.
2. Bad Habit – Not stick my schedule between 10:30PM to 12:00AM (I am suppose to be researching, but play around in the forum instead).Kind regards
Jet Dollars
“Ask and you will receive. Seek and you will find; knock, and it will be opened to you.”Geo,
Welcome back. I am trying to keep it going, but can only do it in the evening. Now you are back, you can take my spot.
Also would like to welcome Michelle to PI.Com too.
Kind regards
Jet Dollars
“Ask and you will receive. Seek and you will find; knock, and it will be opened to you.”Originally posted by muppet:Oh dear. Has Jetdollars been too fast with his news?[angry2]
Perhaps he needs a name change to Snaildollars so he can keep up with his news.[baaa]
Regards
I will post Little PropertyGuru photo here soon…LOL
Kind regards
Jet Dollars
“Ask and you will receive. Seek and you will find; knock, and it will be opened to you.”Originally posted by Rugbyfan:Originally posted by JetDollars:
“Ask and you will receive. Seek and you will find; knock, and it will be opened to you.”Chan, I want you to give me two of your best performing IP’s please.
Thanks in anticipation.
My two best performance IP’s are:
1. NSW bought in Sep’00 now double in price, currently put it on the market. [Negative Gearing Strategy]
2. QLD bought in Mar’03 now double in price. [Positive Cashflow Strategy].Now you can do “Seek and you will find; knock, and it will be opened to you.” this yourself, if you want too.
The only problem with “Ask and you will receive” is that you just don’t know what you are going to receive.
Kind regards
Jet Dollars
“Ask and you will receive. Seek and you will find; knock, and it will be opened to you.”JG,
It’s not true when you said you can’t find any +cf in NSW, I just found one on 9th August 2004. See below:
====================================================
Purchase price $63,000
Rent per week $150The property is a 3 bedroom 1 bathroom house in reasonable good condition set on a 1400sqm approx block of land. Construction is fibro cladding on hardwood stumps with corrugated iron roofing. The bathrooms and bedrooms are in good condition, the carpets are quite worn, outside the house is in good condition. Parking is provided by an open carport that fits 2, also there is a garage/workshop that can be utilized and is in good condition. The property is approx 35 yrs old, has fully ducted air-conditioning and a tile fire place in the lounge room. Floor coverings are carpet throughout with nice timber floors underneath. Dimensions of the zinculumn shed is approx 6m x 9m. The backyard is well fenced and has a separate area for a vegetable garden and shade house.
Location: The property is located in a good area of the town, near a service station. Shops are across the road and 3 blocks to the supermarket. Schools are 4 blocks away, primary school approx 1km. population of the town is approx 3958. hospital is 1.5km, banks 2.5km. Located 789 km north west of Sydney, Bourke is situated on the Darling River 110 m above sea level. It is, by any measure, a thriving country town with a sense of prosperity which is the result of its geographic importance as the centre of a large wool, cotton and citrus area.
Tenancy: The property is currently tenanted under an informal lease agreement @ $150p/w. the towns vacancy rate for nice rentable properties is between 1 – 3 weeks. A formal lease can be arranged.
=============================================================So there are +cf property out there. It does not matter which state. Your hard work will pay off, that if you look hard enough….no one will help you looking for property you want except yourself.
There are many way too look for +cf, think outside the square is my suggestion….
Kind regards
Jet Dollars
“Ask and you will receive. Seek and you will find; knock, and it will be opened to you.”
