I just finished my 5 days off was trying to finish of paper work from current purchase. The 5 days off is not enough coz friends from UK was around for 4 days and need to take them around.
Will be back to work next week.
Regarding -ve gearing, not looking at it anymore coz no money to support it.
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
Are the properties that you’ve found been on the net, or via RE agents, or from some other method?
I assume that most of the properties are still in rural areas of Australia?
James
on the net as well as via RE agents, spotters, friends
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
You can submit an offer to purchase to the vendor and at the same time you can handover the cheque to them, but you should have a clause in the offer to purchase …to be refund if not successful or whatever clause you like to add.
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
Seems that you got in at the right time and made profits- well done :o)) But do you think some of the strategies you learned then would work in this market?
I think Mr Kaye wa into buying new properties, whereas with reduced rental returns and risimng interest rates, would you still buy new properties? Or would you move towards (cheaper) CF+ props?
kay henry
As far as I read and learn from HK’s stuff, he does say of buying all new property, but yes he prefer property new or close to new with high depreciation.
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
I did the NII course last year with the exact same sentiments as you, in that if I only learnt one thing from the whole course that made me money it would be worth it. And it has certainly turned out that way.
I found the best reward I got from the course was meeting so many like-minded people who I still keep in contact with.
That’s not to say HK and NII were squeaky clean, but I don’t regret doing the course.
Brendon
Acute Mortgage Reductions
‘Better Finance for More Homes Sooner’
it is nice to hear a success story.
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]