Forum Replies Created
Rodie,
In some cases, the ex can become a best friend- rare, perhaps, but possible, and if you have your boundaries sorted, there’s no reason why you can’t do a joint venture together. My ex and I are very close, both have real estate interests- which we started together, and i would be happy to invest with her, because I know her inside out… (too much information, I know). The “relationship emotion” has been removed as we’ve both moved on with new partners, but we both have the same ways of seeing real estate. If we still had relationship feelings towartds each other, or would feel differently about investing if there were other people in our lives… then I wouldn’t invest with her.
Aside from the relationship factor, the limited amount of info you’ve provided re your situation, means it’s hard to give an opinion… but if ya wanna get out of debt, then I guess you need to develop a plan- hehe. I’m bad at planning, but others on here aren’t
Can your accountant give you some advice? Financial planner? Are you both working? Saving?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
Very true, sis. I see shares, though, as a lot like putting money on a horse. You can study the form guide, check out the horse’s history, know the jockey’s form, test out the track conditions… but at the end of the day, there are still so many unknowns. The thing with shares is, it is like putting money on the horse, and keeping it there race after race. The horse is winning, then he is coming second, then he falls right behind, then he picks up again- phew- rollercoaster ride.
I chose, many years ago, not to ever buy shares (although there’s an articlew in todays news.com.au about the rise of “ethical shares”). But I have seen, over too many years, the results of economic rationalism, including things such as job cuts, on the price of shares. I don’t wanna make wealth from OPM (other people’s misery). I still have a notion of people before profit, as passe as that may be
kay henry
That be this weekend
Hey Mel- ya been to any good seminars lately?
kay henry
Mark,
There’s a fellow on here called “depreciator”. He runs a depreciation company, and he knows all there is to know- so *poke* depreciator- ahem- you’re needed!
The first thing I think about with depreciation is depreciating the cost of the building… and that applies to 1985 properties- other than that, you can depreciate the usual items. Or, you can claim on earlier buildings if there’s been renovations. Dunno- it’s too complex for me
SCOTTTTT!kay henry
heya greenhorn
Just some ideas about Collie. Parts of it are floodzone, so you need to check that out. You would need to get about $110-$115 a week on a 54k place to make it around the 11 second solution thing.
The Collie Mail newspaper will give you some idea of what’s happening in the town. You can find it here:
http://collie.yourguide.com.au/display.asp?class=news&subclass=local
Remember that if you’re earning 80 bucks a week, and your sewage/toilet breaks down, you’ll still pay 300 bucks or whatever it might cost, to get it fixed. In isolated places, such as Collie, you may even pay more, as tradies can charge what the market will pay. It’s why it’s good to have extra money in your pocket for repairs. A 300 job will be almost 4 weeks of your rent. Whereas if you have a higher rental yield, such a job will only cost you perhaps one week’s tenancy.
There has also been significant real population decline in Collie. You can check this out on the net.
Just do lots of checking on places before you make a decision
It’s fun finding out about places, but sometimes, the more you know, the more reasons you know why, if you have many choices, you might not invest in particular places.kay henry
Squash,
It doesn’t matter how long someone has been investing for. Perspectives are an entitlement around here. You’ll see many viewpoints, and the “hard versus soft” landlord notion, has been raised a number of times, and each investor has different ways of seeing it. To me, it doesn’t matter how many times I have difficulties with real estate- I presume I’ll always have the same values around it. To some, that may be seen as not learning or something… to me, it just means not losing sight of the bigger picture or becoming bitter. “Doing unto others” has got to be a good thing, in my world. It’s an old mantra, and I ain’t no Christian, but the words still make sense.
Welcome to the Forum by the way- we’re generally a polite bunch
kay henry
Master, I feel the same way
I haven’t read hundreds of investing books, but I think the Forum is great, just like you do.Keep posting so everyone can learn from you, too.
kay henry
Awww, richmond- and mine weren’t even ideas- they were just questions. We’ll keep this little fella up the top so people can answer ya
kay henry
Can your accountant give you some advice? Financial planner? Are you both working? Saving?
