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Viewing 9 posts - 1 through 9 (of 9 total)
  • Profile photo of mattnmattn
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    @mattn
    Join Date: 2004
    Post Count: 15
    April 16, 2005 - 5:35 am

    Thanks for the comments

    We have a 10 year plan mapped out which involves 6 to 10 investment properties, reinvestment into the existing business and purchasing assets that will generate income (businesses)

    We are thinking of investing in the following growth areas – Coomera, Broadbeach, Kingscliffe/Cabarrita and taking a bit of a punt around Beenleigh, Edens Landing where a new Delfin project is about 18 months away.

    Any thoughts on these areas.

    Cheers

    Profile photo of mattnmattn
    Member
    @mattn
    Join Date: 2004
    Post Count: 15
    November 17, 2004 - 2:08 pm

    My Favourites

    Lobster Surf & Turf $34

    Seafood Platter 4 2 $48
    Schnitzel $13
    Sound like the pub chef

    Profile photo of mattnmattn
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    @mattn
    Join Date: 2004
    Post Count: 15
    November 17, 2004 - 4:25 am

    Club Hotel Waterford has a good menu

    Profile photo of mattnmattn
    Member
    @mattn
    Join Date: 2004
    Post Count: 15
    November 17, 2004 - 4:16 am

    Summer,
    I had the same questions after reading Steves Books & having an IP that is costing me money.

    I have taken on the advice of a few in this forum including Yack to find & read Peter Spans books. I finished the 10 mil in 10yrs last night & thought it an excellent book & would recommend all have a read for a different perspective.

    I am now intending to try & mix a bit of +CF with good location investments to stay as C/f neutral as possible & look for some solid long term growth.

    One classic line for throwing a spanner in the works was that a friend of his reduced his contract offer each time a vendor came back with a counter offer – WHAT A CLASSIC

    Profile photo of mattnmattn
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    @mattn
    Join Date: 2004
    Post Count: 15
    November 11, 2004 - 9:12 am

    Thanks for the feedback.

    W currently have both our mortgage & IP as seperate loans. With a mix of equity in both.

    If we plan to buy more properties, should we consider a portfolio style loan (line of credit)

    We had one several years ago but were not as disciplined as we are now and struggled to make headway in repayments. Now we have set saving & debt reduction patterns I feel more comfortable.

    Cheers
    Matt

    Profile photo of mattnmattn
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    @mattn
    Join Date: 2004
    Post Count: 15
    November 10, 2004 - 8:29 am

    Good points by all. Probably as I am in SEQ, property is remaining a reasonable option for me.

    Any other alternatives to CF+ or CF neutral property anyone would like to put forward based on YAKs comments.

    Profile photo of mattnmattn
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    @mattn
    Join Date: 2004
    Post Count: 15
    November 10, 2004 - 6:01 am

    Gio,

    Just starting out, live on the GC & am interested in SEQ propertys

    Let me know if you come across any

    Cheers
    Matt

    Profile photo of mattnmattn
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    @mattn
    Join Date: 2004
    Post Count: 15
    November 10, 2004 - 5:51 am

    Yak,
    As a new investor about to begin in the new market, I can only be thankful of the recent boom which has delivered me 300k in equity to play with moving forward as opposed to the 5k I have managed to save. (Until I saw the light & started my AIP)

    Still pretty hard to find +c/flow in capital growth potential areas

    Cheers
    Matt

    Profile photo of mattnmattn
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    @mattn
    Join Date: 2004
    Post Count: 15
    November 9, 2004 - 6:30 am

    Thanks PK

    I’m not overly worried about the extra repayments, my wife & I earn reasonable salaries. We started the business to access extra income to invest with but it’s a slow road after all the business set up costs. With the equity sitting there looks like an easy start up fund.

    Matt

Viewing 9 posts - 1 through 9 (of 9 total)