Forum Replies Created
Thanks Basil
Your comment has just pushed me another step closer to reaching my goal!!
good luck to you too !!
thanks
Thanks for the tip Interceptor!
“If you are looking at property in Perth then I would go for it. Mining boom may have the legs for another 2-3 years, so that means investors over that way will be cashed up” – I was hoping for the perth property to finish its boom and hit its low so I can start buying at discount without SOO much buyers in the market.
Its tough with smart, not so desperate sellers, limited supply of homes and abundant buyers.
I am living in Perth using the FHOG and I am finding it very difficult to compete. I have been looking for about 6 months now and we just have too much buyers with not enough homes to buy.
Some homes are just too over valued with the sellers taking advantage.
I have look at homes that no one wants and try to get a bargin there.
Hong Tran
lucianocampos – Thanks for the advise. I think the best option is to invest in myself and educate myself first right? What so you think about starting a commsec online trading account and start paper trading?
regina – I agree with you. I wanted to do covered calls on blue chip companies. I have read a few topics on the ASX website and I have found it very helpful.
I currently do have a property due for development but I would like to buy more. The problem is that WA is going though a property boom. I am not sure if I should buy now or buy in a few years time.
I am aware of the property cycle, however I have very little patience aswell.[withstupid]jjaaus- I agree with you. I like property because I am the type of person who likes to renovate homes and DIY kind of things to improve the property.
My goals are to get rich slowly ( retire in atleast 10 years). Thats when atleast at the end I will still be financially secure.
It doesnt really matter if I lose or win money in share trading, I would like to do because I would want gain some experience.
I love to learn and my first steps already is reading finance books and autobios.Thanks asdf, I have been reading the warrants on the ASX website and I am still learning more.
Redwing – I have been reading your posts from a while ago and I am very impressed on your comments.
What kind of books do you read?
can you recommend me a few?Thanks,
Hong Tran[baaa]
Thank you for the time taken to read this post.
Qlds007- I am very new to the market and I have been influenced by a friend to jump into the asx100 to trade options. You say that you have been on the floor in 87. I was 4 years old, so I respect your experience and I will take your word for it.
Also, where can I learn about installment warrants? I love to learn everything.
Redwing- Thanks, I will go for what suits me. Perth property is getting very hot and harder to find investment bargins.
Its true,
I get harrassed at work all day because I always look for property. I tell my fellow workers that when I have atleast 1 million equity in my property invsting “I’m outta here!!!”. All they do is complain that property is WAY TOO EXSPENSIVE and the government should do something about it.
But they just dont get it. Always making the boss happy and selling their time in overtime (single rate now). But we have told them once, and thats enough for me.
I agree with you Dr.X and I support you all the way!Hong Tran
Thanks Everyone!!!
Its about time somebody kicked me in the ass!!.
I have set a goal for 1 million in EQUITY (not net worth) within 5 years.I ll get my finance done NOW so I can get another property at the lowest price.
Thanks..!
God bless property.!!
Hi all,
Thankyou for taking your time to read and reply to this topic.
I have been looking at 4×2 homes within a 20km base from Perth. Some ranging from $180k to $250k. But I am planning on capital gains for this type of nvesting, with depreciation to help move it into positive cash flow. Is this possible?
I also have another plan where I would like to go on positive cash flow, where I can purchase a 100k home with rental @ 150pw. This in turn I do not get strong capital gains.
I also have a block of land which I purchased for 180k and I have a buyer who wants it for 250k in Canningvale, should I sell and go into homes instead of land? As I can service more residential homes rather than land. Or should I re-value the land, release the equity and use that to pay for the deposit for the next property?
Thanks again,
Hong Tran
Thanks guys. [thumbsupanim]
I really appreciate the feed back. Just one more question. I try and try to emplain to my workmates that the only way to become rich is to INVEST!!! but its always the same… always falls on deaf ears. The only way they know how to get rich is either “lotto” or, by “sucking up to the boss”.
Now that I know that the grass is greener on the other side of the quandrant, I no longer work harder.. I work smarter. I am not going to work for money, I will let money work for me.
Any of you guys feel the same?
Saul Tran.
