If you keep buying neg geared properties each time, then yes, your out of pocket expenses keep increasing. The trick is to buy, or create properties that cost nothing to hold, and even return you a profit in cashflow. So, you either have to look for pos geared properties (hard to find now) or pos cashflow after tax properties (much easier to…[Read more]

blogs wrote:

L.A Aussie wrote:
Blogs, you still didn't answer my question, and it's fairly straight forward;Are you up or down for the last 12 months with your SHARES, and what percentage?

lol well excuse me!!!Well that is actually a pretty difficult question as I have taken profits along the way, though if we look at whats in the bank and…[Read more]

Blogs, you still didn't answer my question, and it's fairly straight forward;Are you up or down for the last 12 months with your SHARES, and what percentage?

Simple; don't buy in NSW.The NSW Govt will drive the investors out soon enough the way they're going.Then we'll see some high rents and cheap properties.

Blogs,So, overall for the last 12 months until today, are you up or down with the shares, and how much percentage?

That is the DUMBEST advice I've ever heard.The whole point of this investing caper is to make gobs of passive income, so that you can replace your earned income and tell the boss to get stuffed.Aside from that, Kalgoorlie is still in a boom, and the rents are increasing. I should know; we've had 2 properties there since 2003, and it's going…[Read more]

Forget the "Investment Firms".They are expensive, and won't necessarily help you achieve your goals; despite what they promise.You will learn more than enough info FOR FREE both here on Steve's forum, and over at Jan Somer's Somersoft Forum.As well as that, read lots of books; Jan Somers, Steve's, Margaret Lomas, Noel Whittaker to name a…

It's amazing to me how you can say "bitch'' on this forum, but not on SS.

PosEnterprises wrote:
Has anyone dealt with Mal Emery business coaching. I did and was sorely ripped off though got a refund! Advice i could have got it from a book! What a joke!

If you got a refund then you didn't get ripped off. You got a free seminar.

DraconisV wrote:
Being as bored as I am tonight I have worked out that if you started this $30 a month when your child was born and the interest rate was 6.45 all the time and if you paid tax from this from your own money and not from this fund then on your childs 18th birthday they will have $12,250.87.Thats pretty cool. A nice headstart and…[Read more]

What the papers may not have mentioned is that there are probably 35 repossessions normally. Slight increase, but it's newsworthy and sells papers and gets ratings.They make it sound like the sky is falling in.The same thing is happening here, and while there are repossessions in the tens of thousands lately, the actual percentage of homes going…[Read more]

Touch wood; at the moment all our tenants are long termers and all good payers.I'm keen to put up the rents like anyone else, but I leave the increases to the PM to suggest.When a new lease comes due, I discuss the rent with the PM and ask for their opinion on the level of increase to apply.I know for a fact that one of our properties is currently…[Read more]

A buyers agent is the price you pay for your lack of time (or commitment). I don't believe that they will necessarily find you a better deal than you could find yourself either. They just do all the legwork for you in most cases.The fees are around $5k or more per property. Some charge a flat fee, some a percentage.The thing you need to ask…[Read more]

Pudestcon wrote:
I agree with Trakka.What you have done is now set the market rent for your property lower than it should be. It devalues your property as well.

Hoe does charging a lesser rent devalue the property?I've never heard of this ever. It may have an effect in an area such as a mining town where a large number of properties are used…[Read more]

blogs wrote:

L.A Aussie wrote:
The herd mentality is to sell when the news is bad, but the cashed up experienced investors will be getting out the cheque book and dusting it off.Now, where did I put it?

LA, are you of the opinion that prices wont fall but mearly stagnate for a few years?

Generally, this is what I have observed to be the case…[Read more]

Like everywhere, there are good and bad areas to invest. I don't agree that property is 3 times the average income in the US. In some places like LA, you can't get a decent 2 bed unit for under $500k, a house for under about $1 mill.Meanwhile, in Buffalo, they can't give em away, and vacancies are high.We have friends in Pittsburgh who are looking…[Read more]

blogs wrote:

L.A Aussie wrote:
Guilty of being biased towards property Blogs. That's all I've ever done investment wise, and it's been good to me. You could do worse. What makes you think I haven't MADE IT?

Not meaning to insult you there LA-I spose we all have a different idea of at what level we have deemed to have 'made it'. My point was…[Read more]

francisl wrote:
Hello, all.I am not an experience investor and may not be qualified to advise. However, when I start investing in property, I know price will go up and down in a cycle. Therefore, I am ready to ride the cycle and let time do it ticks on properties.It is good to hear price growing. But, when downturns come, people start to…[Read more]

I have had an ING account for about 10 years. Don't use it a lot these days as even at 6.45% interest, the NETT RETURN is woeful.We throw $30 per month ($1 per day) in it for our 6 year old' son's IP deposit. A token effort mainly; he gets to see the deposits in the on-line account, and it gets him brainwashed towards being a property investor!…[Read more]

Gee what great advice……lol Of course you could always look at putting your money into where ever you are going to maximise your return instead of blindly holding on to property just for the sake of it. Try reading some books on people who have actually MADE IT and you will see they very often sell and move there money around to maximise…[Read more]