Thanks guys, thought the property may have been too old to worry about, but I will definately talk to Deppro.

Thanks again

Marty

Hey Richmond, hope you’re well. Recently I heard that the Fed Reserve were considering hiking interest rates to slow the housing market. If the market is slowing by itself, is there still the need to raise rates (assuming the economy stays as is or close to it)

Rregards

Marty

That was quick Aussierogue. There are some small islands there, but I’m pretty sure the one you are interested in would either be either Russell Island or Macleay Island. You might want to look into Coochiemudlo Island too. Sorry I can’t pinpoint the exact one for you (I saw that Hot Auctions show too),just slips my memory, but I think it would be…[Read more]

Hey aussierogue, I think the island/s you may be referring to are the ones off Redland Bay. They have skyrocketed in price as has Redland Bay. Doubt you’d find anything positive but a great place to invest.

Cheers

Marty

Hi Rentmaster or kia-ora, I think a good balance is a good idea, but I suppose it depends on your strategy and time frame of goals too.

Cheers

Marty

Hi. It’s people like Henry Kaye and the likes that make your friends say things like “be carreful” when they learn you are going to a property seminar. Generally, if something sounds too good to be true, it is. Not always but mostly.

Regards

Marty

Crashy, you say prices are on the way down. Where did you get that info? Have you personally lost money on I/P’s? From what I am reading, the housing market continues to be moving ahead, albeit I think it may slow down somewhere in the future. Reading a few of your previous posts you seem to strongly push the share market (nothing against that)…[Read more]

Thanks MJK (apologies to vluu27, didn’t mean to over-ride your question, just ad to it). I suppose there are many ways around getting loans, just have to get to the position of living off passive income first.

Cheers

Marty

Hi all. Good question. MJKMJK, using your examlpe of $60,000 passive income, if someone had paid off $850,000 worth of property and was living off the rent, would the bank/s still lend out more money for further investing?? I thought that they may have considered you too rent reliant.

Cheers

Marty

Hi Leigh, good to see you back again. I think Arty is asking why you go by the name of enjolady.If I’m wrong Arty, I apologise.

Regards

Marty

Hi dannads. That’s the million dollar question. Who knows? When/if you find out, please share it with the rest of us.

Cheers

Marty

Thanx heaps for that info guys, very informative and hopefully other forumites will get some benefit too.

Regards

Marty

P.S How would Steve go paying for 130 lots of treatment?

Hi Rod. THEY EXIST!!!!!!! apparently.

Marty

Hi all. Not all high rise apartmeents are bad deals. Some on the Gold Coast ( of all places) have had great growth in the latest cycle and with new infrastructure like the Convention Centre are set for more capital gains. Like any investment, the numbers have to add up though.

Cheers

Marty

Hi all. I have thought for a long time that some form of “money education” needs to be taught in some capacity at schools. What I try to do with my son (and have done for the last few years) who is 16, is to take him with me when I visit my accountant, R/E agents or even talking to banks re my loans. I then discuss with him what and why I am doing…[Read more]

Hi Des & Sue. You say you want to get a FEEL for the property you want to purchase. I think to get a feel for it, you have to see it. Photos and phone discussions can be very misleading, i.e tell/show you only the good points.

Regards

Marty

Hey Richmond. Just wanted to add my congrats to the list as well. Well done. Don’t worry mate, I barrack for the Tigers here in Sydney (Rugby League) and they’ve had a fairly ordinary year too, but things are looking up, maybe 2004 or 05 or 06 or 07……..
Once again, good on you and all the best.

Regards

Marty

Thanks guys for that info. I didn’t think it would be too difficult a matter, but who knows with the banks.
Terry; Would I have to get a solicitor to organise the release of security or could I do it myself with a phone call (probably a few calls) to the bank, and once done would they send me the title deeds?

Thanks again

Marty

Hi slick. Subject to finance, subject to pest and building inspection and subject to anything else that may concern you. Don’t feel you have to buy unless you are 100% happy with the purchase.

Regards

Marty

Hi Aaron. Don’t be in too much of a hurry. Try to learn everything you can by all means, but believe me, the learning never stops (bit like life). Try to work out what strategy applies to you and how you can get there. In the meantime, keep talking to likewise minded people and hang around this forum where you will pick up heaps of info.

All the…[Read more]