Forum Replies Created
MartinW,
Do you really beleive that negative is positive?Dude, I agree that there are scams and shams out there and that some people are sucked in.
Some degree of skepticism is of course needed,
However, I am positive that being positive that being negative is positive… is NEGATIVE.[rolleyes5]
Everything has good and bad sides. You come across as being unable to see both sides. You come across as only seeing the bad in things. You come across as someone who wants others to see only the worst in a situation.
I hope that deep down inside there is some constructive goodness within you. I know there must be.
If so, you are stereo-typical of a disease that i beleive Australia. The “I can’t do that, because……..” mentality. It causes people to work in jobs they hate for too long, it limits peoples dreams, hopes and aspirations. Families are unhappy, kids are neglected, social chaos.
I oppose your slant of leaning towards the negative side, at best “you want be taken advantage of” and at worst “you will end up with nought but antagonistic pokes at successful people”
If instead you were positive, at best “all your dreams would be fulfilled” and at worst “you end up with nought, but at least you tried”
I know your current opinions have been formed by people and experiences in your past, and i don’t expect anything to get past your defences.
I will take a shot are your sub-conscious though.
[daisy]“Martin, you can make any of your dreams come true”
[daisy]Everyone in this world is beautiful, negative or positive.[inlove]
lifexperience
Soft on the outside[daisy], crazy on the inside[rolleyes5] and maybe too idealistic.[sad]
Awaiting, wallflower.
lifexperience
Damn Jo,
Now i feel like a smart ass, hmmmm.Wallflower, i am lending my copy to a friend currently, but if you can convince me in a few words why you wont buy it and i should lend it to you then maybe….
PM if ya like.
Jo, are you in cahoots with my conscience?.
lifexperience
Ibuycash,
Nice angle man. But, stealing other peoples ideas and using them to make money is illegal.It is also immoral, not so bad for these big guys with the $$$ to sue and enforce their rights, but if you condone theft of Intellectual Property, what about the poor struggling/upcoming entrepreneur that has his idea ripped by a large company.
Encouraging the making of cash illegally at other peoples expense. is akin to drug dealing to the parts of society with bigger social problems.
This attitude is at the root of the problems of corporate greed.[smash]
Where’s the integrity?
lifexperienceI’ll exchange mine for $150.[dead2]
p.s. (it only costs about $100 and is deductible, it is worth it)[cowboy2]
lifexperience
Be careful. If you rent more than 3 bedrooms in a property, then you become a “rooming house”, under the residential tenancies act (victoria anyway) and a whole heap of extra rules.
Also I know in some areas, that if you have more than 4 people living in the house than you come under a new set of council conditions called “prescribed accomodation” which can include things like requirements for health inspector checks and more.
And check insurance… i asked for an insurance quote on a share house and couldn’t get anything under $10,000 p.a. (no typo, thats $10,000). Good luck on claims if you don’t disclose this info and just get standard IP insurance.
I reccommend local legal advice, dangerous waters.If you go through, approach the local universities off-campus accomodation officer, develop a good relationship and be genuine, they don’t take too kindly to people that come across as trying to rip poor struggling students out of their measly pennies, as many have tried to before.
Good Luck.[daisy]
lifexperience
Pisces,
Are you being sarcastic?[saywhat]
lifexperience
hi Melbear,
You have a keen eye to spot these things. I am pretty sure Tony and others you mentioned trademarked and protected their Intellectual property.So what irks you, may well actually put sued dollars in their pockets. I am sure they would appreciate your concern though.
[cowboy2]
lifexperience
Darlen,
Be careful. If you rent more than 3 bedrooms in a property, then you become a “rooming house”, under the residential tenancies act (victoria anyway) and a whole heap of extra rules.Also I know in some areas, that if you have more than 4 people living in the house than you come under a new set of council conditions called “prescribed accomodation” which can include things like requirements for health inspector checks and more.
And check insurance… i asked for an insurance quote on a share house and couldn’t get anything under $10,000 p.a. (no typo, thats $10,000). Good luck on claims if you don’t disclose this info and just get standard IP insurance.
I reccommend local legal advice, dangerous waters.If you go through, approach the local universities off-campus accomodation officer, develop a good relationship and be genuine, they don’t take too kindly to people that come across as trying to rip poor struggling students out of their measly pennies, as many have tried to before.
Good Luck.[daisy]
lifexperience
Thanks for words everyone.
I would suggest splitting to hedge youre bets if you feel the need to fix.Rob
The Mortgage Adviser
[email protected]Rob,
ING bank made me join the loans on two IPs. Can I still split, What advantages would this give me.I have currently have $10k extra repayments, by inflexible i was referring to things like offsets, LOC .
I wanted to grow the number of IPs I have at a fast rate, and feel restricted by the lack of extras tied in with Fixed Loans.
[square]
lifexperienceWhen i’m not working on the business of property investments,,,,, i work shifts as an industrial sparky.
Constantly covered in filth, grime, oil and dirt.
But not for long, if i have things my way.!!!![lmao]
lifexperience
Jo,
Great to hear you have made some cap. gains at all.Just out of interest. Having realised you are going to have to fork over such moolah over to taxy man, What are your thoughts on strategies to avoid this ?(ie: hold equity to buy/finance IP’s)
Or was the cash in option for personal/lifestyle reasons.
[hat]cheers
lifexperience
Jo,
Could you reduce your cap gains for the year by paying me as an investment advisor the equivalent $1000’s that your cap gains were. I give great advice(ie; houses need a roof and other pearls of wisdom).
You could then claim such as a legitamite (spelt?) expense against your cap gains.he he he[dead2]
[daisy]
lifexperience
Hi y’all,
Not to get off topic but, I heard on Melbourne Radio that Pre-Nuptial Agreement are an american idea, and that such agreements have no influence on family court distribution of assetts.[dead2]
cheers
lifexperience
It was mothers day, renowned for last minute cancellations of everything.
Don’t feel bad.[thumbsup2]lifexperience
Hi Glenetti,
I disagree that it has to be relative to 100% down.If you can do any deal that is cash positive, great!!
To find out how great it is you then work out the Cash On Cash Return.
True, if you put a big deposit down you can make any prop cash positive, but at what cost? This is where the COCR gives you an indication.
COCR = Money out of your pocket to make deal
Money left annually after all expensesThe terms are already there.
I think most would agree a COCR of 10% or more is very cool. This is near impossible if you pay a large deposit like 90-100%.
Am i making sense or have i missed ya point?
[cowboy2]
lifexperience
It’s nice to see everyone opening their eyes to techniques different to their own.
Kay, you make some good points. but you said:
my 5 neg props give me 300 a weekif, after paying off your 5 props you are making $300 a week cash. That then becomes a positive cashflow scenario. So I think we are agreeing pos. cashflow may be better once you want to retire.
However if you were highly geared,( which i believe gives more leverage to make potentially more $$), in neg props, you would have to cash in some ips to get a pos cash situation.
You also mentioned:
Whilst you may get a higher *percentage* yield, it is likely that a neg geared property might also be achieving an equal (likely greater) dollar yield. Your 15 props = my 5 props. What could be simpler?Good point, however i am suggesting The 15 props via a pos cash technique would be acquired quicker using compounding of the extra cash and safer at higher gearing level. Much quicker and easier!
There is only two ways i can see to turn a neg geared prop to positive cashflow, work ya ass off to reduce loan amount, or sell some to realise the equity you mention.
How does your plan get around this?
cheers[cowboy2]
lifexperience
Are you trying to start a net worth boasting session Marissa?
If so, why???
lifexperience
OK, i am going to throw in a few pros for +ve cashflow
Positive gearing is safer when gearing yourself to the eyeballs. In theory you can lose ya job at any time and still service loans (depending on vacancies).
Not so dependant on market conditions if you fix the interest rate. There could be no buyers about, interest rates can skyrocket, transfer taxes can change, and you still get your weekly $$$.
No sales needed to set up your retirement income. Whereas with neg. gearing you have to cash in ya paper profits (need a market peak to be most effective and govt. snatches ya cap. gains in tax)
Negative gearing has benefits too of course, like those potential huge cap gains!!!!
A balanced mix with a smart investing technique may be even better than just one or the other.
Just my view so far, rip it to shreds if you can guys……….constructive criticism welcome.
[cowboy2]
insults welcome too. he he he[jester]lifexperience
CD,
Are you an ambulance worker? (bit personal, you don’t have to answer)[eh]
lifexperience
