or 34.5 million rupees…

~~~
Our plans miscarry when they have no aim. When we do not know what harbor we are making for, no wind is the right wind.
~Seneca

nick cave (but all my cred will go out the window when i admit that his duet with kylie minogue is one of my favorites[:p]. honestly though, i have pretty much all his albums) lou reed, laurie anderson, pj harvey, a lot of funk music from mowtown (classics like al green), curtis mayfield, metallica. very varied really! lots and lots of stuff, but mostly anything that has a good story in the lyrics with some seriously lush over the top instrumentals

~~~
Our plans miscarry when they have no aim. When we do not know what harbor we are making for, no wind is the right wind.
~Seneca

Hi Kay – that’s where I am now! cash rich and asset poor. the only thing is I am getting less than 1% interest on money in the bank as opposed to the fabulous figure of 18%… hence my desire to get the money working a little more effectively… without setting myself up for a big fall in the process.[]

not sure if you’ve heard about robert prechtor and the elliott wave theory? essentially he feels the world economy is in for a big fall, and the best thing to do is keep all yuor money in cash until the market reaches bottom, at which point you should step in and BUY BUY BUY!

my feeling is he is probably right (based on my own further reading & research), but that surely there are pockets of opportunity to get in to now. making less than 1% just isn’t cutting it.[!]

would like to start out cautiously buying a few IP’s without too much exposure while keeping some living expense emergency money in the bank in case it starts to get hairy.

~~~
Our plans miscarry when they have no aim. When we do not know what harbor we are making for, no wind is the right wind.
~Seneca

that sounds like a good strategy pisces.

so far I have 0 IP’s, and am gathering all the info / knowledge I can before jumping in, as thousands of dollars are still thousands of dollars and I don’t want to just throw them to the wind on a hope and a prayer!!

looking to invest in Malaysia as based in Singapore (and singapore prices are a bit rich for my blood. prices are such that it is almost impossible to find +ve cashflow props).

anyway, my outlined strategy so far is non-recourse loans at fixed interest rates (if I can find such a beast) preferably with a target client base that would be a bit steadier in a downturn (like nurses? or teachers?). also actively looking for locations that could still rent if the heat was on, so looking for places close to steady jobs (hospitals, schools, etc.)as have a feeling that people will shrink to center if jobs really start to go down the pan.

interested in hearing from the oldtimers who experienced 15%+ interest rates… how did they hold on? just from personal cash reserves or did rents rise to match the interest rates?

~~~
Our plans miscarry when they have no aim. When we do not know what harbor we are making for, no wind is the right wind.
~Seneca

Hi all – I am new to this as well, but I read in the posts here that it may be possible to buy using a trust with 40% down so that you do not have to sign as a personal guarantor. i.e. the lendor feels that it has some protection in the event of a market turndown, as 40% is a long way to drop, and if you were unable to make your payments they should have good chances of recouping their loan through market sale.

I am looking to use this as a strategy as that way my personal liability would be limited to 40% of the value of the property, and it would have been paid off upfront (no worries of the loan being called in).

This would a) help me sleep at night and b)a higher deposit means the loan will be paid of faster.

what do the more seasoned investors think of this strategy?

kurious[]

Our plans miscarry when they have no aim. When we do not know what harbor we are making for, no wind is the right wind.
~Seneca