Forum Replies Created
aussie aussie aussie rogue rogue rogue
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]I love ‘TWENTY ONE. Spend some time alone.’, but in front of computer at forum frolic…lol…
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]2 for me…lol…
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ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]PG,
The pic look like a guy from the footy show…lol…
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]92.3 this time
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]Best score 86.2…will try again later
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]Muppet,
That’s a very nice place. I would love to go there one day…lol…
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]pg,
what about Australia?
Anyone got a suggestion?
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]I haven’t been to this site for only a couple days and now our hunter reached 1000 posted.
CONGRATULATION TO THE HUNTERWarm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]Originally posted by jackie5:Hi there!
If you had $200k cash but no job, no home how would you invest in property and build wealth beyond your imagination? [
]Thank you.
JackieYou can do a joint venture with other people who don’t have money but have time to source out property where you have the cash for deposit.
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]Originally posted by Derek:Hi Jeannie,
Without knowing Heritage I can only post a copy of a response I gave to some else asking similar questions about another group. Hope these are of use.
Some thoughts for you to consider.
1. How long have Heritage been in business?
2. How many investment properties does your ‘consultant’ own?
3. How long has your consultant been investing?
4. How does your ‘consultant’ earn their money?
5. What will they get out of each and every purchase?
6. What service do they offer?
7. How much does it cost to use each aspect of their operations?
8. Can you use your own mortgage lender? property manager? valuer? If not – why not (it is a free world)?
9. What sort of after sales support do you get?
10. Does their approach fit comfortably with you?
11. How much pressure is bought to bear?
12. Are all decisions made in Heritage’s presence?
13. Are there rent guarantees? (Run away fast if there are!)
14. How does the price compare to similar properties on the open market?
15. ASIC/ Ministry of Fair TRading Issues?
16. Where have Heritage’s past sales been? What were they? How much is the open market paying for them now? What are they rented for now?
17. What are similar properties (to the one being considered) renting for? Check with a couple of REA in tthe area?
18. What is the vacancy rate in the area like?
19. What infrastructure is planned for the area?
20. Are brochures high on ‘gloss’ and ‘glitz’ and low on facts?Just a few to get you started.
At the end of the day only you will know what suits you and your situation.
Derek
Thank you for sharing. I just wondering, did you actually ask those questions whenever you deals those property consultan’s group?
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]Ken,
I would recommend you to read ‘Trust Magic’ by Dale Gatherum-Goss.
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]Sorry mate, no help from me but just wanna say welcome to the forum!
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]Originally posted by Derek:Hi Chan$,
For me earning around $100/year from an asset ‘worth’ $45000 is too little when you have put in equity or cash of up to $12000.
At this rate it is going to take an exceedingly long time to make money out of this investment – and that is without any repairs in excess of $260/annum.
Lending institutions primarily use an equity and serviceability test when lending money this shapes up to be a millstone around Lisa’s neck without a major increase in rental returns, or significant capital growth (which may be unlikely in a small town in a normal property market – whatever that may be)
Given a number of rural communities have had a growth flow on benefit from the property investment boom I am not sure this recent growth of the past two/three years will be sustained in the long or short term in these towns.
Sure, growth is not a sure bet but the basic laws of supply and demand really drives the property market and as such a larger city/town, or growing city/town has less risk involved.
Didn’t want to rain on the parade – sometimes I enjoy being contrarian.
PS How many of these properties would Lisa need to own to earn $50K/annum gross? How much would the total borrowings be?
My brain hurts trying to work those out.
Derek
Derek,
Sorry to take so long to reply…was busy.
I know what you are saying, but not all property that earning $1-$2 per week has no capital grow. If you are smart enough then you still be able to find property which positive in cash flow as well as capital grow. Of course capital grow is not a sure thing but if there is investment there are alway risk involve if you prepare to take that risk is up to individual.
Why would people to out there buy negative cash flow property? is it because of capital grow? and how do they know? prediction and what is the consequence?
Risk…..
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]Originally posted by brgorrie:The copy of buyer beware I got came with two cd’s and a work book. One of the cds is a data cd that contains
pdf and MS word versions of the templates.Gives you a good base for your own templates.
Cheers,
Brian.
Oh I C, the one I got is basically just the pdf templates and othrer *.html that’s all. But I believe they are given the sam info.
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]Originally posted by Derek:HI Chan$,
It is interesting to see the discrepancies inpopulation statistics. My figure came from the Bogabilla website – I wonder if your figures include the whole postcode area – and not just the town itself.
Invariably postcode areas in these places are very large and can considerably distort the population figures.
Derek
The population that I found is base on postcode 2409, the statistics is provide by domain.com.au and I believe domain getting info for home price guide.
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]Originally posted by FrankYoung:there’s no such thing as retirement anymore. anyway, retirement should mean ‘keeping your mind busy’ because if you don’t you go stale. true!
frank young
For me personally….FALSE. The only reason I want to retire because I don’t want to keep my mind busy!
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]Originally posted by Gramyre:First time post for me but definately on a subject dear to my heart.
It is funny how when you are heading into your late thirties with an incureable (but not yet debilitating) disease that you start thinking about the end of working for someone else.
I have a dream! And by golly I am going to make it work. Gone is the “woe is me attitude” that keeps me in a job that tires me out (even though I am well rewarded and well rcognised) and slowly sucks the life out of me.
I KNOW where I want to go and I will do ANYTHING to get there. It may take me a little while (certainly probably longer than 2 years) as I can’t make all the sacrifices now I should because of loacation and children. But by goodness one day I will live on my semi self sufficient farmlet in Tasmania growing my own veges, lavender and small animals, while writing something or other.
Anyway I am enjoying reading these forums and 0-130 and will now sort out my grand PLAN (how delicious to create my castles in the air and work to make them real!).
Anyway…count me in to retire ASAP!
Great to hear your story and I wish you the best of luck!
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]Originally posted by judi:Good point Marc
But what if you need money to live, and what if what you enjoy doing doesn’t pay money? For me, retirement will be from having to actively make money.
Regards
JudiTotally agreed!
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]Originally posted by Marc1:You retire from what you don’t want to do.
If you are doing now what you don’t want to do, you need a career change not retirement!Maybe…..
So what happen if you don’t want to do anything, you just want to travel from one country to the other to see the world! is there such career? or is it so call career change?
May be you can explain a little bit more in details?
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]
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