Celivia, of course you do!!!

Marty Maximus :o) hehe- I don’t need to

kay henry

I want to be so rich that I am covered in fur…

kay henry

hehe depreciator… what I really meant was that Marrickville doesn’t present IP value to me- it is hugely expensive, as are most of the inner-west suburbs- anyhoo, it’s considered super-fashionable these days by Y-gens, so there- now I’m talking it up :+P

I love the inner-west too, Scott- I’ll never leave the ‘hood if I can help it- culture…[Read more]

It all depends on what you’re looking for. I cannot fathom why someone would pay 550k for a house on 350 metres of land in Kellyville when they can pay the same price for a house in Glebe.

I used to work with streetkids in Marrickville, Lakemba and Belmore. I have some colleagues who now live in Marrickville- and it’s been gentified somewhat with…[Read more]

Domo,

No. If you have equity of 100k, and you use 20k of that as deposit… or you leave the 100k equity, and ADD 20k cash deposit- then you’re 20k ahead. It’s a moot point though- because we all use equity as deposits generally. Hence the “no money down” thing (myth). Because it IS our money- it was equity- now it’s transformed to debt.

I think…[Read more]

yorker,

I just wrote a post in ToughDeal’s post about units in sydney. I wrote that I have read that the sydney market is thought to rise 3% – 5% over the next year, but I can’t find the source article. So the pundits suggest there’ll be some growth, but obviously not as significant as the 14% average over the past few years.

kay henry

2005 is thought to have some inflationary issues in Australia (where the RB’s inflation target of 2-3% will be overshot). It’s likely IR’s will rise to keep this in check. I know people have traditionally thought inflation means rising RE prices… but inflation has been significantly low in the past few years, and the RE market has risen beyond…[Read more]

It’s a cult.

kay henry

Or, for a bit of Forum balance… you could visit his website to see what Jenman’s about:

http://jenman.com.au/

kay henry

Jo,

Nope- I knew nothing of RE when i began, and I had read only Jan Somers’ book, and had some ideas. I bought in a market which was entirely flat, and which got flatter as the years went on. The location was suffering negative equity, and I would have lost money had I sold for 4 years after I bought. The only reason I didn’t sell into that…[Read more]

I’ll be looking forward to reading posts by RE investors throughout the coming years about how they are continuing to make money. I really think anyone who had bought RE in the last few years made money- and no particular skill was required. The market did the trick. I am not talking multimillionaires here- I am talking about your average joe-…[Read more]

Here’s a relevant article that’s just been written on CF+ and negative gearing. It might be useful to work out what’s more profitable- after all, isn’t that what it’s about?

kay henry
_____________

http://www.afsd.com.au/

Cashflow Positive Property

Pinnacle Wealth, 23/08/2004

It seems there is an emerging trend of property educators &…[Read more]

Philip,

I agree with you about CG being generally a timing matter. Past performance is no indicator of future performance, and all markets perform differently, so I have a bearish attitude towards future CG.

I asked about the CG prospects of commercial because noone’s really discussed it for a while around here, and I was interested to know what…[Read more]

I actually meant that as a mortgage on a PPOR is often said to be a liability rather than an asset because it’s not income-producing / tax-deductible. It’s a great asset to have when ya have paid the bugger off, I imagine

kay henry

Well, Mini- it’s not hard to give when one gets something for free – hehe. And I know that you and other members enjoy seminars and have got a lot out of them

kay henry

Isabelle,

I was told years ago that investing solely, is considered to be on the asset side, rather than on the liability side (just as a PPOR is considered a liability rather than an asset).

People lending money in one name is a huge amount of the mortgage basket these days, due to changing demographics, women marrying later etc.

If you earn a…[Read more]

flash,

A large amount of tenants are on a periodic lease- it just automatically becomes one when the formal peroid of lease ends. Unless the property is a high demand property, many tenants don’t sign up for a new one. It’s really demand-driven for tenants to sign a new lease. You can’t force a tenant to sign a new lease, although you can request…[Read more]

Yep, gilad- that’s the theory And if you have a rentable place, unless it’s completely wrecked, then you don’t need to reno. Renovating is a fairly specific skill, and some people are happy to buy unrenovated houses- to add their own special touches.

A lot of places are already renovated now, so you can buy an IP post-reno’ed (new kitchen, new…[Read more]

Personal training for 65k a year? hehe… they’d want to clean my house too, for that

What sort of support would you get for 65k a year, I wonder? Did they give details of it, PG? Got a link I can check out?

kay henry

hehe PG @ 101 ways to clap [cap]

Yeah, it’s pretty cool that he’s a vegetarian (I did my 4 years as a vegetarian- that’s enough for me). And apparently, TR sleeps around 5 hours a day!

Glad you enjoyed it, PG- whatcha gonna do with all that new energy and positivity, huh?

kay henry