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  • Profile photo of johngeejohngee
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    Land size.

    Think & Grow Rich!

    Profile photo of johngeejohngee
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    Hi Simon, The main idea I have with property is to keep them for long term and rent.[juggle]

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    Profile photo of johngeejohngee
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    Ta![:o)]

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    Hi David, I think what Steve accomplished was that he purchased those propertys under market value, had them valued at proper market price and used the equity from that revaluation. I think. [:o)]

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    Hi guys, thanks for your reply. I’m actually a resident in Cairns as was just wandering if their were any other Cairns people from the forum. As far as houses under 100k, YOU WISH! The market here has well and truly shifted up. Cheers[:o)]

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    Hi Mark, I found that the more I learned and bought the more you tend to trust your own intuition and your confidence grows alot. Cheers John Gee [:o)]
    P.S. Don’t fall into the paralisis by analisis situation.[8D]

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    Profile photo of johngeejohngee
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    Hi Elysium M, I appreciate your time. To answer your question I do have 3 service business’s that does expose me to possible liability’s. If I were to sell IP’s I would have 400k in equity. Cheers John Gee[:o)]

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    Profile photo of johngeejohngee
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    Thanks Simon, just as I thought. So once you refinance you then have a new loan at a greater amount which will alter your return for that first property as well the refinanced loan would be at todays rate, right? Also what are the implecations when you refinace a current loan that is fixed for five years, are there penaltys? Hope to hear your view, Cheers John[:o)]

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    Profile photo of johngeejohngee
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    Thanks Elysium M, my main reason for these transfers of property’s is for asset protection. What is your view? Anyone? John[:o)]

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    Profile photo of johngeejohngee
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    Hi Smithy, I reckon as a general rule to property investing I would stick close to the major capitals ie. Hobart, Launcestan, within 10km
    Cheers John Gee (8D)

    Profile photo of johngeejohngee
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    Hi, Cairns rates are currently $1280 (8D)
    Hi,

    Anyone know how I can find out the rates for properties in Queensland? Is there a website or something?

    Thanks

    Robert
    [/quote][8D][8D]

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