Hey Salacious .
Wonder how much of that he would have to pay in tax , anyone know?

Mkc

Originally posted by ecatt:
Im with you MKC… I didnt understand what quiggles was saying either

Looks like we’re out of luck Ecatt , why do people disappear when you want to follow something up .
Cheers

Originally posted by benderfile:
mkc,
if you cant attract them with a free rent period or initial rent reduction perhaps it could be used for archive storage or boat /car
or even a local hardware store or builder that need to have a lockup?cheers

Thanks for those tips guys. l don’t know for some reason we just aren’t getting calls . l try to…[Read more]

Originally posted by benderfile:
i have to agrre that we are in a far better position than 1st HB and there are still deals out there if we think laterally.
rang an agent today with a display home for sale with an option. before ‘1,000,000 in …..’ i wouldnt have considered that and i read the book xmas (thanks steve great book.
i am expanding my…[Read more]

Originally posted by hb:
hi jjaaus

i’m as so impressed with your ability to sniff out these’s great bargains…..
especially the beachfront property in adelaide, surrounded by million dollar properites.

having neighbour of similiar ilk, i doubt whether any of them would have given their land away so cheaply…..lucky you.
Those guys don’t miss a…[Read more]

Originally posted by hb:
well done redwig….

but MKC…..”you just can’t waite to get more property”

what happened to diversification

Now, had redwig taken his $158k , 2 years ago, and bought a specific share in a mining company,
today he could have sold them for $832,000.

Now I know theres costs

$29.95 brokeage fees when you buy
$29.95…[Read more]

Originally posted by benderfile:
Yeh Mkc,
on one hand i hope ur wong about 10-15% – in sydney we have an IP and a PPOR i plan to use for equity, the sooner i get valuations the better it seems
i am still going ahead and looking around the place(cant hurt)
i will find one of those motivated vendors and the sale price or ROI will compensate
havent…[Read more]

Asked the same question here myself a few days ago . Everyone has different views and as Jeff said everyone is asking the same thing at the mo.Personally l think she’s taking a dive . Another good 10 – 15 % min yet , places like Sydney even more .

Cheers
Mkc

Hi guys.
My place has aspestos so l’ve spent mths looking into the angles . lt might help .
Most coucils allow you to remove it yourself using their guides – usually wetting it down , masks , no wind , plastic wrap , dumped properly ra ra . This led me to think it’s ok with care .
But , no one seems to know just how bad the stuff is they all say…[Read more]

Originally posted by quiggles:
My thought is that if your firend was making 10% per half year on $200,000 cash, he or she would have been better off to leverage that investment and invest in more of the same. At only 50% leverage that would be $80k per year (less 13k interest) – enough to sit pretty on, really. Why buy a house with an asset like…[Read more]

Originally posted by redwing:
We bought a Worst House nearly 2 years ago for $158k..

People selling were moving back to NZ and had tried to update it by painting and gave up..paint on the walls extended to the old ruffled carpet, light fittings, curtain rails etc

So we preety much had to re-paint, pull everything up and start again..this carried…[Read more]

Don’t worry l’m hardly an investor as yet or the sharpest pin either. Due to 15 yrs of beach bumming in QLD among other places l just figured l’d better make up for lost time . So l tried to find a place in my own house that would still build a ton of equity as well as lifestyle . Hopefully then l could use that to springboard into some other…[Read more]

Thanks Forklift and Jeff.
Gees l dunno Forklift you sound like your doing pretty good to me mate , l wish ! Both you guys but anyway me l love the worst house /best street thing . My ugly duckling was exactly that but it’s got a 5 k strip of distant sea views , go figure .
The biggest thing l’ve noticed is the average person is very strange when…[Read more]

Originally posted by redwing:
Great work mkc

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Thanks very much Redwing .
Mkc

Originally posted by hb:
hi jenny1
congratulation to your nephew…well done.
we could have the next bill gates in our midst.
bill can now buy as much property as he wants, but i don’t think he made his wealth from it.
stick with what you know best.
a mate of mine, came up with a idea., first one in sydney spent $70,000 on p&e, hire big warehouse,…[Read more]

l think DD’s formula is a great way of doing things . l have this thing with my very first question in my mind is , rent verses repayments or what will it take to make it worth alot more than l can get it for ?Lets me know in one second where l’m at before bothering further.
l have a thing about houses that aren’t selling to , l’ve looked for them…[Read more]

Thanks Wylie .
That 20 yr old would be one happy boy now . Always wished l did that . Had the money then to .
l’m thinking though yes sure they will rise , they always will l guess in between ups and downs but it would surely be impossible to see that 5 or 10 times rise ever again . l can’t believe what people are paying now for a w/b in the…[Read more]

Originally posted by secretgnome:
Tip: Wise men never spit into the wind.

– Wiser men never pee into wind
cheers. Mkc

Originally posted by redwing:
Originally posted by jenwren:
Sad to say but the best deals are found on the street, no the internet.

Its great for researching potential areas and sourcing information though Jenwren..[biggrin]

REDWING

Can’t agree with that one . l think good buys are found anyway you can think of . Net – drive buy and asks ,…[Read more]

l’m not a wrapper but l was forced to buy my first house through a wrap loan so l made damn sure it was a bargain with plenty of leeway [ $70,000 ] , so that l could fix it up and still resell with good profit which we did . So l think wraps are a good thing in helping people get started . But , l can’t understand how anyone who can’t get finance…[Read more]