blah blah blah

if you need one of these <moderator: delete language> spreadsheets to determine whether a property is going to make you money or not, perhaps you should just put your cash in the bank and earn a safe 2%.

just my 2 cents.

fWord wrote:

emptyvessel wrote:

Johnny1974 wrote:

Hi all Just my thoughts…… I to agree the world financially is pretty toxic at the moment and has been since 2006. Seems everyone, every sector, in every country is being hit hard. The only shining light is the worldwide mining industry. We have strategically sold down our portfolio of six properties to two since 2006. Taken the profits and walked away We now have no debt, work less, have less stress. Hard work and property gains have enabled us to do this. For now I will keep all that cash fixed at 7% in the bank, don't have to worry about tenants, rates, insurance, repairs and the possible removal of negative gearing tax breaks. Maybe its time we all looked at other avenues to invest?

Nice, well done. I would love to have that much cash. I am guessing inflation doesn't factor much into your strategy for now?
Strongly suggest you do look at those other avenues. I have been doing them for years and haven't done quite as well as you have with property. That said, made much more than I lost, which is doing pretty good.

To a certain extent, this demonstrates people in different stages of their 'investment career'. In one of Michael Yardney's books, it talks about these 'stages'. In an investor's early life they are in the process of 'acquisition', growing their portfolio, while towards the end they put their portfolios through a stage of 'consolidation', selling down to take profits or otherwise convert a 'capital growth' portfolio into one of massive positive cashflow.

So obviously neither is the right or wrong choice. It depends on where each individual is in their 'investment career'. With that in mind, I am personally in the stage of acquisition, but when ready to retire, I will similarly perform consolidation. Of course, depending on your outlook for a particular investment, you could go against the grain of your own plan, temporarily at least, to realise greater fortunes.

Truth is, everyone wants the money without the associated stress of ANY form of investment. But you've got to start somewhere and it often means doing the hard yards first and enjoy the fruits of your labour later.

Couldn’t agree more fWord. We all get into investing to make money. At the ripe old age of 37, I opted out of the rat race for a simpler life. Have done the hard yards, achieved what I set out to achieve.

All I can say is…life is short, work hard, play hard, enjoy!! And don’t stress too much, its only money and you can’t take it with you when your’e dead.

Lets get real here, 10 properties in 3 years doesn’t mean squat. It’s not like you will actually own these 10 properties outright in 3 years, it just means you will owe the bank a heap of money. Then add in 10 x vacancy rates, 10 x repair bills, 10 x land tax etc etc, you are suggesting people gear themselves to the eye balls in the hope we get another property boom. Without the next boom, hah, you will just get 10 x the stress. Wake up people, look at whats going on around the world. Price / market corrections.

For the record, I personally suggest a more realistic (less heroic) approach. We have amassed 4 properties in 11 years, all paid off. Not as impressive as 10 in 3 years, but hey we own them, actually have the title deeds.

Hi peoples
Am not in the market to buy myself, but always looking out of habit.
Saw this one the other day, so just thought I’d post it.

They say you can’t find POSITIVE GEARED investment properties, here is one I found returning over 8% on Realestate.com.au
Property No. 106818309

$220 week rent, 139k asking price, CRAZY!!!. Try doing that here in Sydney.

Agree deals like this are getting harder to come across, but iIt can be done!!

Confused?
Consider the ageing population? the masses of retiring/cashed up baby boomers with city/near city properties, looking to down size, free up some cash and escape the rat race you would think regional areas/coastal areas? Add to this growing crime rates? Global warming=hotter weather, I would have thought places like Tassie would be on everyones lips?

I have 2 IP’s in Tassie, both returning 8-9% and growth of close to 10%PA. Neither has ever been empty for more than two weeks and with lower purchase prices and lower stamp duty it seems the logical place to invest.

Am i wrong here?

Hi peoples
Am not in the market to buy myself, but always looking out of habit.

They say you can’t find POSITIVE GEARED investment properties, here is one I found returning over 8% on Realestate.com.au

Property No. 106818309

$220 week rent, 139k asking price, CRAZY.

It can be done!!