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  • Profile photo of JetDollarsJetDollars
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    August 3, 2004 - 2:38 pm
    Originally posted by kay henry:

    Yeah, probably. Problem is, they’re in woop woop.

    kay henry

    Not really because one of the suburb listed is quite a good suburb (Abbotsbury) just a few suburbs from where I live.

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    Jet Dollars
    Retire Young, Retire Rich . . . REALLY? . . . I didn’t know that!

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    August 3, 2004 - 2:19 pm
    Originally posted by Rugbyfan:

    I gave up on Monopoly a long time ago.

    Which Monopoly are you referring too? Monopoly above?…..LOL

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    Jet Dollars
    [Retire Young, Retire Rich…REALLY?]

    Profile photo of JetDollarsJetDollars
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    August 3, 2004 - 2:12 pm
    Originally posted by kay henry:

    Steve,

    Congrats on the book. Perhaps the sydneysiders can have a reunion like for the Property Expo, and we can bring the usual suspects along- sis, Chan, PG (ahem- come home immediately!) Rugby, Teacher, melbear (poke poke Mel!) and a few unusual suspects, too :)

    Could be lots of fun, I think :)

    kay henry

    Kay,
    PG already back home. We just had SIG monthly meeting about 2 hours ago and SIS was there as well.

    Steve,
    I am looking forward to getting a copy of your new book…

    Kind regards

    Jet Dollars
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    August 3, 2004 - 2:05 pm

    Buying frenzy will be heading toward those suburbs

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    Jet Dollars
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    July 28, 2004 - 1:42 pm

    Does CPI really matter interm of property investing? I know it does effect, but I never care……..information overload…

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    Jet Dollars
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    July 28, 2004 - 1:38 pm

    Kay,

    I understand where you coming from. It just that we are using different strategy. As you probably know all my loans are interest only and all fixed. I never intend to pay it off even one cent, but that’s just me.

    But I still believe that if you have say $20k to payoff your loan (say interest at 7%) and you can invest somewhere else which return much higher than 7% would you do it? if you ask me then I would say yes.

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    Jet Dollars
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    July 28, 2004 - 12:37 pm

    Kay & Rugs,

    Thank you for your replied. I agreed with both of you that if the area with opportunity growth.

    But I don’t agreed with Kay when she said that she does not care whether the property will be growing in the next 2-3 years. Because I believe in opportunity cost. If there is no capital growth then should you use your money to invest somewhere else until such time when the opportunity arrive then you jump to it?

    Nice to hear from both of you.

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    Jet Dollars
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    July 27, 2004 - 1:05 pm

    Australian Property Investor Magazine http://www.apimagazine.com.au

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    Jet Dollars
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    July 27, 2004 - 1:01 pm

    Sometime knowing too much is not a good things, but action will take you forward. Too many people spending too much time searching for the perfect solutions. The problem is they don’t what is the perfect solutions because there aren’t any.

    If you know it and don’t use it then you don’t know.

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    Jet Dollars
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    July 27, 2004 - 12:50 pm

    The strategy I used so far:

    1. Identify potential grow area that you willing to invest.
    2. Look for good quality investment property which will provide capital grow in the future.
    3. Buy one property ie. negative gearing property.
    4. Identify potential area with positive cashflow opportunity.
    5. Do your due diligence
    6. Buy 2-3 positive cashflow properties
    7. Step 3 (negative gearing) should equal to or less than step 6 (positive cash flow)
    8. Repeat steps 1 to 7
    9. Once step 3 have enough capital grow then sell it to take your profit and reinvest in a better area.
    10. Retire Young, Retire Rich

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    Jet Dollars
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    July 27, 2004 - 4:57 am

    It seem like nearly everyone hear falling in love with -ve gearing property because of the capital gain. And yes they make money 2 years ago.

    I just wondering if they are still buying -ve gearing now? if so I would also love to know in 2 years time, they will be happy with the gain that they will make.

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    Jet Dollars
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    July 27, 2004 - 4:42 am

    Thanks Steve

    PROFIT = PROBLEM + SOLUTION

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    Jet Dollars
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    July 26, 2004 - 3:48 pm
    Originally posted by residentialwealth:

    Romour has it that Allen copied much of his material from Bob Proctors MSI ideas, nothing new I guess just explained differently – its all in the spruikers pitch that gets the crowds in – he still suckered 3000 aussies at 5k – when will people learn that they all copy it from each other I noticed Allen using the word MATRIX recently, wasnt that the idea from Danny and Paul Hanna i wonder if they know may be i will ring Paul he needs a laugh [biggrin]

    I am trying to defence for RGA, but is the word ‘MATRIX’ copyright? why can’t he use it?

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    Jet Dollars
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    July 26, 2004 - 8:02 am
    Originally posted by Monopoly:

    I agree Westan; so far it sounds like it was a very pleasurable (albeit costly at $400ish) “tea party” get-together type do!!!

    Surely, SOMEONE can share what value they took away from it other than the ability to put a face to a name on the screen!!!

    Anyone?????? [blink]

    It was a free invitation by Steve to go to his seminar by way of say thank you as a moderator. So it does not cost me anything except the flight, taxi and accommodation.

    As you are a modertor, you should get that invitation as well.

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    Jet Dollars
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    July 26, 2004 - 7:20 am

    Personally, I don’t think you should restrict yourself to just one type of investment, restricting yourself will only restricting your opportunity to move forward.

    I bought house, unit, townhouse, villa and semi-detached. If I see the opportunity to create wealth then I buy it.

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    Jet Dollars
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    July 26, 2004 - 6:45 am

    Before I meet Richmond I like to take him to the ring for a real challenge, but after met him yesterday at the seminar I like to withdraw my challenge. Nice to meet you Richmond…I will train as hard as I could and will ask you for a challenge next time…LOL

    Putting face to avatar was the hardest task for me. SIS, MortgageHunter, Richmond, Minimugol, Gatsby, LeighK and Wilandel are all look so different to their avatar, but the hardest one was CastleDreamer…LOL. Nice to see you guys/gals.

    Sell…Sell…Sell
    .
    Velocity of Money
    .

    Kind regards

    Jet Dollars
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    July 23, 2004 - 8:06 am
    Originally posted by arungounder:

    I am pretty sure that to be eligible for First home grant you have to live there for a minimum of 1 year at least. Or else you will end up paying it back with interest. So please keep that in mind….

    Just to clarify the above comments…

    To be eligible for FHOG you must live in the property for at least 6 months, not 1 year. You do not have to move into your purchased property straight after you purchased. Theoritical, you can actually rent you property out for 364 days, move in on 365th day, stay there for 6 months and rent your property out again.

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    Jet Dollars
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    July 23, 2004 - 7:57 am

    I definately agreed with Aceducey…

    Still_In_School also using this strategy in his portfolio and he called it ‘OFFSET GEARING’.

    For me, If I purchase one negative gearing property (quality investment opportunity with potential capital growth) then I would also buy 2 to 3 positive cash flow property with little or no capital growth. I will use the cash flow to help me with my negative gearing property. At the end of the day I will either break even or $10 to $20 per week passive income.

    Kind regards

    Jet Dollars
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    July 23, 2004 - 6:25 am

    The discussion has gone off the topic was intended, so let move on guys/gals…

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    Jet Dollars
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    July 22, 2004 - 2:32 pm

    Aceducey,

    You are too confident…I will try to find a hard one for you….that if I can find one…it’s not a promise from me…LOL

    Kind regards

    Jet Dollars
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