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JetDollars
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@jetdollars
Join Date: 2003
Post Count: 2,435
March 8, 2004 - 3:23 pm
SIS,
I enjoyed your story very much and would like to meet your boss one day…lol…
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]
JetDollars
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@jetdollars
Join Date: 2003
Post Count: 2,435
March 8, 2004 - 3:21 pm
Originally posted by brgorrie:
and the beauty is that you can edit the templates if you want to fine tune them a bit
I recommend them too, they have helped improve my processes
quite a bit.
Cheers,
Brian.
How can you edit the templates if it is in pdf format?
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]
JetDollars
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@jetdollars
Join Date: 2003
Post Count: 2,435
March 8, 2004 - 3:20 pm
Guys/Gals,
I just wondering if you pay yourself first like buy nice stuff or whatever you want, but then there are also bill that need to be pay. So how are you going to handle that? you already spend the money and now there are no money for bill, so what are you going to do?
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]
JetDollars
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@jetdollars
Join Date: 2003
Post Count: 2,435
March 8, 2004 - 3:13 pm
Highly recommended! Very useful peace of softwares or so called template that you need if you are serious property investors.
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]
JetDollars
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@jetdollars
Join Date: 2003
Post Count: 2,435
March 8, 2004 - 3:08 pm
Originally posted by melbear:
Chan$, one of the playing pieces in Monopoly is a little car. You push your car around the board as you throw the dice. As the aim is to buy up the ‘properties’ on the board, if you get all of one colour, you can then ‘build’ houses on them, and the rent goes up. So this guy obviously doesn’t have much money left, and when he lands on the square, finds that he cannot pay the bill, even if he sells everything he has got. So he is bankrupt, and out of the game.
Cheers
Mel
Now I understand. It is basically very similar to Cashflow 101 buy RK.
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]
JetDollars
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@jetdollars
Join Date: 2003
Post Count: 2,435
March 7, 2004 - 11:56 pm
If you are looking for Asset Protection then Hybrid Discretionary Trust is the way to go.
Try this out:
http://www.chrisbatten.com.au
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]
JetDollars
Participant
@jetdollars
Join Date: 2003
Post Count: 2,435
March 7, 2004 - 11:53 pm
Some facts about the subject:
Property Prices* 12 months to Saturday, January 31, 2004
Houses 2409 NSW Country
Average $73,000 $220,339
Median $0 $192,000
Median change over last 12 months % 20%
Units 2409 NSW Country
Average $0 $212,772
Median $0 $185,000
Median change over last 12 months % 32%
SNR = Statistically Not Reliable.
*Based on sales reported to Australian Property Monitors
Demographics
Population Size 2409 NSW
All People 1,250 6,372,211
Country of Origin 2409 NSW
Australian Born 97% 70%
Born Overseas – Top 5 2409 NSW
United Kingdom 1 1
New Zealand 2 2
Philippines 3 7
South Africa 4 12
Canada 5 28
Age Statistics 2409 NSW
20 to 39 29% 29%
5 to 19 28% 21%
40 to 59 22% 26%
0 to 4 11% 7%
60+ 10% 17%
Family Statistics – Top 5 2409 NSW
Never Married 1 2
Married 2 1
Divorced 3 3
Widowed 4 4
Seperated 5 5
Religion – Top 5 2409 NSW
Anglican 1 2
Catholic 2 1
No Religion 3 3
Presbyterian and Reformed 4 5
Uniting Church 5 4
Occupation – Top 5 2409 NSW
Labourers and Related Workers 1 8
Managers and Administrators 2 5
Intermediate Clerical/Sales/Service 3 2
Intermediate Production and Transport 4 7
Professionals 5 1
Education – Top 5 2409 NSW
Not Attending (Working) 1 1
Infants/Primary 2 2
Secondary Education 3 3
Technical or Further Education 4 5
Pre-School 5 6
Transport to Work – Top 5 2409 NSW
Car (driver) 1 1
Walked 2 5
Worked at home 3 3
Car (passenger) 4 2
Motor bike/scooter 5 9
Type of Dwelling – Top 3 2409 NSW
Separate house 1 1
Flat 2 2
Semi/Terrace 3 3
Nature of occupancy – Top 3 2409 NSW
Rented 1 2
Fully Owned 2 1
Purchasing 3 3
Monthly Loan Repayment – Top 5 2409 NSW
$400-$599 1 4
$800-$999 2 1
$600-$799 3 2
$200-$399 4 7
$1,500+ 5 3
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]
JetDollars
Participant
@jetdollars
Join Date: 2003
Post Count: 2,435
March 7, 2004 - 11:32 pm
Originally posted by Billfromoz:
G’day….
To get ahead with your finances you only have to do two things.
(1) Buy and read/study …”The Richest Man in Babylon”.
I found this book was very hard. I read it twice, but still not completely understand. Maybe, I have to read it again!
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]
JetDollars
Participant
@jetdollars
Join Date: 2003
Post Count: 2,435
March 7, 2004 - 11:22 pm
Originally posted by melbear:
Hey Westan, if you delete the thread, or your post, you don’t actually lose the number.
So you could post lots of answers to one thread, and then just go and delete them all. Voila – many more posts, but no evidence…..
Cheers
Mel
Thanks Mel…
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]
JetDollars
Participant
@jetdollars
Join Date: 2003
Post Count: 2,435
March 6, 2004 - 7:00 am
Originally posted by Still in School:
Hey Guru,
ill teach you a new way, the way, i was showing you last night… but still it is easy to do, but not long to wait only another 3 months before you can buy more with no money down again… or try what we talk last night, mabye you can buy again with no money down… and straight away, instead of waiting…
… but hang on, arent you buying 1 property every 3 weeks on average…or less []
Cheers,
sis
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million
SIS, PG,
Can this be the three masketear (can’t spell sorry) again?
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]
JetDollars
Participant
@jetdollars
Join Date: 2003
Post Count: 2,435
March 6, 2004 - 6:57 am
Originally posted by Monstango_2010:
Originally posted by Chan$:
I am only 28 years old.
I am only 17!
Mate, It’s nice to be young and start early. Eventhough I am 28 I still consider I am not too late.
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]
JetDollars
Participant
@jetdollars
Join Date: 2003
Post Count: 2,435
March 6, 2004 - 6:40 am
Originally posted by judi:
Hey Sis
Why wait till retirement to tell your boss off and quit? I’ve done it lots of times [:p]
OK, not lots but once or twice. Don’t you guys think it’s important to be happy in your job?
Regards
Judi
I think if your job pay you well to support your investment everyday and your job is very secure then there’s no reason to tell your boss off!
May be SIS have a different opinion…lol…
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]
JetDollars
Participant
@jetdollars
Join Date: 2003
Post Count: 2,435
March 6, 2004 - 6:37 am
Originally posted by MrIronman:
Hope to retire between the ages of 25-30. Commitment and focus is the key for me.
Cheers[]
Ironman
That’s very young retirment’s man…lol…
Good luck and I hope you achieve it.
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]
JetDollars
Participant
@jetdollars
Join Date: 2003
Post Count: 2,435
March 6, 2004 - 6:36 am
Originally posted by Monstango_2010:
My view of retirement is not to work for someone else…. 2 years is definately a good time frame to retire in (only from workin for someone else).
There is always a way!
For me I don’t think I can retire in 2 years as I am only 28 years old. I still have along way to go.
I am planning to retire when I’m turn 35. That’s 2010.
And I would like to completly retire when I’m turn 45. That’s 2020.
If I could it earlier than it is great, but at the meantime I will try my best to achieve my goals.
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]
JetDollars
Participant
@jetdollars
Join Date: 2003
Post Count: 2,435
March 6, 2004 - 6:30 am
Melbear,
I readed most of your posted and enjoy it very much. You did HK’s couse and go out there do something about it. Which is very impressive.
Personally, I only went to his free seminars. Back then I don’t have that much money to do the big course. If I have money then I would have done his course as well.
I glad to see people like yourself with a lot of knowledge and spend a lot of time helping us in this forum.
Thank you and see you around.
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]
JetDollars
Participant
@jetdollars
Join Date: 2003
Post Count: 2,435
March 6, 2004 - 4:13 am
That’s a great story and yes before you sign anything you must understand what you are signing for.
Thank you for sharing the story! Your wife is tough!…lol…
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]
JetDollars
Participant
@jetdollars
Join Date: 2003
Post Count: 2,435
March 6, 2004 - 3:47 am
James,
I readed the articles, it’s quite a good artcles and I believe these that intent to buy property as ‘Tenants in Common’ should read it.
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]
JetDollars
Participant
@jetdollars
Join Date: 2003
Post Count: 2,435
March 6, 2004 - 12:37 am
Ricky,
What would happen if 40% not rented, but your unit is rented. Does it meant that you will be paying for the other units which is not rented? if so by what %?
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]
JetDollars
Participant
@jetdollars
Join Date: 2003
Post Count: 2,435
March 6, 2004 - 12:31 am
Originally posted by kay henry:
So if the weekly positive CF is 2.26 weekly, is that before tax? Would the figure then be reduced to about $1 after one pays taxes on it, presuming one is in the highest tax bracket? Or is this 2.26 figure pre-deduction?
Given a return of 2.26… one would really have to wonder what all the fuss about CF pozz is. What if you need to rewire this place? Reroof it? Restump it? Then the return of $100 annually would be eaten up.
kay henry
Why so negative about +ve cash flow? $2.26 per week is better than nothing even $1 per week. it does not mean that it going to be like this forever. If you’re a bit creative then you alway be able to increase that property value, hence increase rent like put in a new carport if there is not any, a/c, blind/curtain, and many other aspects.
Think creatively before jump straight to conclusion. If one don’t like it then there’re alway other does.
Good luck with your investig journey.
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]
JetDollars
Participant
@jetdollars
Join Date: 2003
Post Count: 2,435
March 5, 2004 - 4:18 pm
I think property investing is much harder than this riddle. It look simple but it is not.
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]