Forum Replies Created
Hi maggie, it’s a shame you have to sell to get money for your settlement, otherwise I was going to suggest finding another agent. As it stands, you probably have your hands tied (and the agent would be aware of this). Just hope you get the price you need. Good luck.
Regards
Marty
Hi Catichau, as you can see, the general consensus is to get yourself a good mortgage broker. Find one you feel comfortable with as a good broker will prove invaluable now and in the future.
All the best
Marty
Oops, my mistake aj. For some reason, my eyes read LOC but my brain comprehended deposit, probably too early for me. I stand corrected.
Cheers
Marty
Hi again Gus. My approach would be (as you dont need money) to use use some of the money as hefty deposits on good capital growth property. I say hefty as you dont need to sus out positive cashflow props so you can afford to buy more upmarket properties that would be negative if you didnt put a hefty deposit on it.
Regards
Marty
Hey trueblue and others. I would definately be affected if neg. gearing was abolished, but it wouldn’t stop me. I’d re-arrange my loans then buy very carefully selected properties, so yes, I still would buy.
Cheers
Marty
Hi guys. Don’t think that you would find a positive house in Sydney. Possibly NSW, but very doubtful Sydney. In saying that, I’m in consolidation mode at the moment, so haven’t been looking too hard, so who knows…..
All the best
Marty
Well done Mini (no,not on the fire silly), your attitude is one that is obviously needed in any type of business and like I told you before, you are a glass half full type of person. I’m sure you will come through this a better (and wiser) person.
Regards
Marty
Hi Gus. You’re story was the exact reason I posted this thread in the first place. If you could elaborate, it would be great, but I also respect your privacy. Very inspirational, I hope a few more stories will follow.
Cheers
Marty
I’ll pay someone to rent my spouse, just kidding, gotta go, here she comes.
Nothing Darling, just sendind an email.
Marty
Steve, you said for sale to the highest bidder, maybe that should be to the highest climber
Cheers
Marty
Hi. Thought I’d be smart and order the book from an online book store as I assumed that orders from here would be astronomical. Well, that was nearly 2 weeks ago and I’m still waiting (sucked in me). Seems the book shop ran out of copies and had to order more in. Anyway Steve, congratulations on your book, good to see it selling well.
Cheers
Marty
Hi again all and especially to Michael and Kaye, congratulations to you both on making it happen. I think that is truly fantastic but hope you keep contributing to this forum as I for one have enjoyed your well meaning and “speaking from experience” responses. To the subject; I’m just seeing what happens for the moment with interest rates, housing prices etc. Trying to reduce a bit of debt to free up some equity, but of course if a good deal comes along, well, who knows.
Cheers
Marty
Once again, good on you Michael and Kaye, you’ve made my day so one can only imagine how you guys feel.Hi all. Personally, I dont care what naysayers have to say. I’ve had a couple of things happen in my life that made realise “life REALLY is too short”. I say that if you believe in something (I believe in I/P’S), then go for it. A favourite saying of mine before assessing any situation is “what’s the worst thing that could happen” and invariably the pros will outweigh the cons, and in my way of thinking, the worst thing that could happen re I/P’s is that if it all went bad, I’d just be back to where I was before I started buying I/p’s. Hope this all makes sense. Anyway, if you have a dream in your heart, you have to at least try and attain it, dont you.
All the best
Marty
How ya going Alf. Have read where some people buy property without seeing it (as long as the figures add up) but I personally like to SEE what I am buying. I first research wherever I intend on purchasing via internet and phone calls, then I go there to get a “feel for the place”, then I’ll do my sums etc. Hope this helps.
Cheers
Marty
Hi jstuart. I think it’s about living with a debt that you feel comfortable with. If you cant sleep at night because you’re worried about your debt, be more conservative with your approach to investing. I posed a question on this forum recently whether anyone was thinking of changing their strategy with talk of rate hikes in the future. I agree with trying to keep your debt at around the 80% mark, lower if possible. As I said, you have to be comfortable with it.
Cheers
Marty
Hi suzie. Welcome and well done. I wouldn’t worry too much about trying to look better in the banks eyes. Your broker will let you know if figures stack up. If your bank says “no more money” for whatever reason, go somewhere else.
Cheers
Marty
Hi Benson. Good luck with retiring by 40. Kids, I’m sure you will find will definately delay your plans, but who cares, they are the most important contribution you can make to society and worth the effort. Puts everything into perspective. But I still want to retire early, lol. All the best with both, i.e kids and investing.
Cheers
Marty
Hi Paul. Property investing might be just the thing for you. As long as you can get to a phone to talk to a property mgr, you should be fine. Some people buy property without even looking at it ( I personally like to see what I’m buying). Once you buy, as I mentioned, let a good property mgr take care of things for you. Just keep doing your research.
Best of luck
Marty
Hi 6×1. I personally like Redland Bay (have mentioned it a few times on this forum, or Victoria Point as it is my belief that they (as well as the Redland Shire ) still have plenty of growth left in them and traditionally bayside suburbs on the east coast of Australia have always been good performers. Yield will not be as good as was approx 6mth-2yrs ago (because of recent growth) but you mentioned that you are after good CG so you could do a lot worse than Redland Bay. Hope this helps.
Regards
Marty
Thanks Michael. Will try to be a bit more patient, just seemed to be taking forever. Maybe time to update my equipment.
Regards
Marty
