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Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of last chancelast chance
    Member
    @last-chance
    Join Date: 2010
    Post Count: 8
    October 8, 2010 - 8:31 am

    Hey Zeable thanks for the thoughts

    Profile photo of last chancelast chance
    Member
    @last-chance
    Join Date: 2010
    Post Count: 8
    October 6, 2010 - 9:07 am

    Kind of a Glum view their Scotty (Happy to be a 2nd mate).

    Whilst Perth may not enjoy the ridiculous growth of recent times I think it is still a good prospect for medium to long term investing. I am new to the game but seeing my first few IP's performing well in terms of rent and taxation benefits I am happy to continue to buy well researched property with an aim for good profits down the line.

    Any other believers?

    Profile photo of last chancelast chance
    Member
    @last-chance
    Join Date: 2010
    Post Count: 8
    October 6, 2010 - 8:48 am

    Good question and something I get all the time from other people. My thinking is this "Will I sell my PPOP for less money in 10 years time ..I don't think so! If this is the case then surely my IP's will be worth more. Now whether that is 100% or only 50% it still makes sense as an investment strategy.

    On the subject of +CF as your rent increase year on year you will eventually achieve a positive situation. I don't believe in putting my own cash into IP's ..rather use the bank's money. I certainly agree that if you can make some cosmetic improvements you increase your equity and rent potential right away.

    The other thought is do you buy for capital growth (older property) or cash flow (outer suburbs). I guess it depends on your situation

    Lets check back in ten years and see how we've done I 'm going to buy a couple more IP's just in case it all works out

    Profile photo of last chancelast chance
    Member
    @last-chance
    Join Date: 2010
    Post Count: 8
    October 6, 2010 - 8:06 am

    Tip
    Buy an IP really just do it! Then buy another one and so on…retire young and wealthy

    Tip
    Newer is better. The building Depreciation on new buildings is fantastic 

    Tip
    Don't buy your holiday home first…your aspirations will change over time

    Enjoy the process

    Profile photo of last chancelast chance
    Member
    @last-chance
    Join Date: 2010
    Post Count: 8
    October 6, 2010 - 7:46 am

    Yes depc'n is at construction costs. How old is the property?

    Profile photo of last chancelast chance
    Member
    @last-chance
    Join Date: 2010
    Post Count: 8
    October 6, 2010 - 7:38 am

    Hi All,

    I am new to the forum and after much procrastination have finally started. I have 4 houses and offered on a fifth this morning but the ones that got away……

    2002 Asked my wife to come and look at a 2bdr unit in Applecross WA price $120k….. value now +$400

    2007 Looked at 3 Houses one afternoon in Willetton all fairly similar all asking around $350k (I should have bought them all) Each of them would be worth over $550k today.

    Whilst it sometimes hurts to think of the missed opportunities I am grateful for finding the path in my own time and looking forward to early retirement as a benefit.

    Happy investing

    Profile photo of last chancelast chance
    Member
    @last-chance
    Join Date: 2010
    Post Count: 8
    October 6, 2010 - 7:25 am

    HI David,

    Have you considered a deposit bond? It may ge better value than a loc

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