hover shoes, red.[hat]

lifexperience

Steve,
good deal for the MAP it would seem.

Are you asking for thoughts on how to calculate the return?

if so. you could calculate that $4k against any closing costs.

or.. maybe calculate against a money value created for time spent researching the deal if it was no money down.

Ie: say 50 hours setting it up and value your hours at about say $25 bucks an hour.

You could work out the effective return for the prop as a standard for any more deals you set up.

ie $4000 / (50 * 25) = 320% annual return on time spent (@ $25 per hour)

Were you asking about this?

[daisy]

lifexperience

Maybe follow ambulances?[drummer]

lifexperience

hi glen,

If you have a property that has more expenses annually than income. It ain’t +ve cashflow baby. Even if you get it for no money down.

But, usually if it is +ve cashflow ie:making money, the less money you put down, the better the %. (although you pay more interest for a higher loan so be careful if that last 20% is on the credit card).

cheers[daisy]

lifexperience

harro,
I have recently bought some rural props. The biggest problem was Lenders Mortgage Insurance for lending more than 80%. (i borrowed 85%),

I was informed an 80% or less lend was easier.

Have you considered second mortgages or other options to get the higher LVRs you want.

What professional advice have you been given so far? … trusts?

[cowboy2]

lifexperience

Russ,
Would paying more than the property was worth really help her condition and happiness? [dozey] .

I doubt her money situation is the cause of her un-happiness (if she is actually un-happy). Some of the great geniuses of our time lived in mess.

As with investing with intelligence, compassionate actions can be more effective if wisdom is added. (similar to buddhist practice)

Why throw money you can’t afford at this problem, there could be more effective gestures and actions that make the world a better place(especially in ones everyday interaction with people from now).[inlove]

This thread (and a lot of your posts in the past) have shown your compassion Russ, could you maybe be thankful for the chance to grow even more in this part of your life.[angel]

lifexperience

just ask tenants nicely to take a form with ya bank details and the “periodic payment” amount and start date to their bank.

It helps if you both use same bank, i open a new account if this is not the case.[jester]

lifexperience

Hi,
Have you considered using the wonderful powers of computers.

I ask my tenants to set up periodic payments straight into my rent accounts. They just do this at the bank. costs about $2 -$5 depending if its the same bank or not. (i offer to refund these fees to them, but you don’t have to).

If they are with centrelink, set up a Centrepay account. $1 per transfer.(be patient with centrelink, they are slow with everything!)

Cheaper than paying thugs to knee-cap ’em!!!.

[hat]

lifexperience

Welcome dude,[cowboy2]
Why are you investing?, what do you hope to acheive?, what do want it to provide you?:These are some questions i started with before deciding a strategy to use.

It’s hard to choose a good road when you haven’t got the destination.[guitar]

lifexperience

Ace Acey!

I like this, it is going on my motivation wall.[specool]

lifexperience