Forum Replies Created
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 one of these ones. Hope this helps.
Cheers
Marty
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) but why do you constantly seem to be trashing the housing market??
Regards
Marty
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
Well done Terry, as I’ve mentioned numerous times on this forum, your wealth of knowledge is always appreciated (along with others) and I’m sure we will talk somewhere in the future.
Regards
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 whatever it may be and then I’ll ask if he has any questions. None of the above was done for me (only because my parents didn’t know about investing etc) so hopefully some of the “jargin” will not be a deterrant to my son. I don’t push it on him, but try to evoke questions or thoughts from him so that at least he has some sort of idea about property investing and/or money issues in general.
Cheers
Marty
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
