My finance provider told me when I got my last loan that the whole limit as a debt- because I might have a 5K limit but only have used 2K now.. but I could go out and spend the other 3K before my loan is finalised. Also be careful of getting multiple cards- it will kill your credit rating.

Someone on here once said to reduce your limit on your card before you get a mortgage loan, and then you can raise it again when you have the loan approved- sound advice, I thought. I intend on reducing my limit as soon as I get back to home… it´s too easy to let the convenience of a credit card get out of hand.

Credit cards are probably considered to be `bad debt´in the financial scheme of things- because they are mostly used for consumer items… but then, a credit card can help in establishing a credit history- so they can be good, when used with caution.

kay henry

Elwood, i reckon number one priority is save like a mofo for a deposit!!!! That´s the biggest hurdle.. and i disagree about paying lender´s mortgage insurance- that`s money down the toilet, in my opinion- and it risks you having negative equity as it´s just an add-on with no purposeful investment benefit.

Read everything ýou can and work out what works for you- you´ll see there´s a lot of fundamentalism on here- people who believe there is only one waz to do things- be that neg gearing (capital growth), pozz gearing (not much CG but cash in your hand) or onlz buy units, or only buz houses etc… but at the end of the day, it´s your wallet, your comfortably sleeping at night etc that can determine your strategies.

And don´t forget to enjoy it- RE is very good fun!

kay henry

The man opens the wardrobe door, sees a mirror, sees the other man behind him with a weapon or with murderous intent in the reflection through the mirror and realises he is going to die, perhaps?

kay henry

Well, I’m going to another one of those top cities tomorrow- vienna :o))))

But right now, I’m cleaning up my office (

kay henry

NEWGEN,

sis, PG and Chan kind of assist in the organisation of the meetings- pvt msg them and one of them will answer you- they’re all nice guys :0)

kay henry

Oops Huey- thought you were a guy, not a chick :o) (Thanks Mel).

Mel- i reckon with friends, sometimes it’s not about them- it’s about us- where we’re at in life, how busy, or how stressed, or whatever. Basically, it can change from month to month.

I just had a little party this weekend for me going away to Austria- invited some really old friends I’d known for decades, some bdsm friends, some work friends, etc. What a mix! But I figure, they’re all old enough to be able to have a conversation and mix with each other.

Friendships can be just as complex as other primary relationships- faily and partners… just depends on the level of depth to them

kay henry

Leigh,

Nice try in closing down this thread [] but it’s a forum, and people can debate until the cows come home, or until a moderator closes it :o) I learn so much from these threads- I find them really valuable. As I have from this one. If one begins a topic, it usually continues until people lose interest in it. That might happen right now! But it might not, so you are just gonna have to be patient

kay henry

hmmmm…

From what I see here, Mini is advertising for around 30K properties. These aren’t 200K properties, folks. She’s also put lots of info on here about what she’s doing and what she believes in, which is more than the mysterious DD did, when they were advertising for bird-dogging. And noone said boo to them- perhaps because they were from the MAP program? Except when things went bad, and then they barely responded anyway.

I see that what many people onhere are doing is “due diligence” in finding out the mechanics of how Mini is operating- and that’s healthy, but these are cheap properties she’s discussing- much cheaper than many of us can find, and she seems to know the market pretty well- in fact, it’s the market that has made her successful herself. Isn’t that one of the rules of investing? To work with those who have been successful in a niche area? If Mini was advertising emu farms or organic fruit, then one could be more suspicious.

Mini- good on you for being so open and such a communicator- but also for standing your ground. Doesn’t seem to me like you’re being dodgy- and my bullshite-ometer works pretty well. I guess basically, people arw a bit scared of handing over any amount of money- $1000 can be a lot. But at the end of this $1000, you can have an income generating property- paid off some by tenants and some by yourself. You get bricks and mortar, which is more than you get if you pay $1000 to a seminar provider.

My only hesitation would be how the properties are so cheap. Many would know I have an issue with undervalued properties- hard bargaining with vulnerable people etc.

But I don’t think Mini is trying to rip forum people off, for what it’s worth.

kay henry

I am not completely sure they’ll do their money actually. It’s like suggesting people will do their money by having used strategies suggested by renee rivkin.

A lot of people were done over by the two-tiered marketing of Qld. I think if these HK people have a buy and hold stratey, they should be right. I think it’s too late for them to flip- I doubt there are much CG’s on those southbank/docklands apartments, for example.

I think it’s an example of people just following one strategy and not looking at their own personal situation. It’s a shame really :o(

kay henry

umm.. since when do we have to be relative to the USA? We have our own currency. Surely the measure must be $1 million aussies- not greenbacks.