Russ, you could also put in your signature block that you find properties etc….

Have a look at how Westan and Bear1964 have their signatures.

Cheers
Mel

Yes, $1300-$1500 sounds excessive! I would talk to a couple of solicitors/conveyancers and ask them their prices.

Especially for one that is valued so low – that’s a large percentage of the sale price!

Cheers
Mel

Muscular Millionaire Men – I like the sound of that one Kay []

Cheers
Mel

Best single throw 412.88

Total Score 1338.49

Different attempts though!

Cheers
Mel

[suave3]This can be taken a number of ways!!

I will choose to answer the question regarding my biological father…….

Dad’s an ex copper who started investing in IPs in the early 90’s. He’s now a ‘paper’ millionaire, but would like to cash in some of that equity soonish. Then he will be rich!!!

Chan$, RichDAD <> Melbear. I just said that I will have a RichDad!!

Cheers
Mel

Haha[cigar]

How do you figure that one Chan$?

I don’t have a PoorDad, I have a middle class dad who will soon be a richdad. Also remember that my alternate user was Jo Blo, who hasn’t posted since the system problems early this year, or was it last year?

Cheers
Mel

VIP, I’m wondering why it is you are so bitter?

You’ve either bought the book, or found this website which suggests you are interested in property investment, yet in the two posts I have read from you you are very unhappy about people buying properties!!!

I reckon you wouldn’t find more than 1 or 2 of the 30000+ members on this site actually planning on owning 130 properties, let alone in 3.5 years.

What is it you want labour to abolish? Owning IPs? Negative gearing? If it’s negative gearing, I think you’ll find there are a lot of investors who would be happy about that – especially the proponents of positive gearing, who don’t make losses anyway.

The government ‘reviewing’ things doesn’t mean diddly squat!! Once again, how many pollies do you reckon have investments, trusts, etc. etc. Even if they do change ‘the rules’, somebody or their accountant/solicitor will find another way to make even more money.

Cheers
Mel

Hey muppet, we should petition the admin to take one number off for each post that Chan$ makes – he’ll be back to zero in about 2 weeks the way he has been going.

Cheers
Mel

Hi Julie

Sorry, I’m not Steve, but I hope you’ll listen to my opinion anyway….

Firstly, welcome to the forum. As you invest further, you’ll find that there’s a wealth of info available in these here pages. Plus, ask a question, and you generally get a few varied responses.

Secondly, thanks for the story. Sounds like you are really enjoying life.

Now for the advice part….

Renting vs owning is a psychological decision, as well as monetary. You have stated that the rent is ‘dead money’ which I agree with. However, you’ve got to look at how much it would cost you to buy that same house. If it’s $300 per week to rent, but mortgage payments would be $400+ plus you pay rates etc. etc., then that’s a lot of cash per year extra.

If, instead, you used that extra $100+ per week to pay towards your properties, you would build up a far bigger investment portfolio. If you could find the +ve geared properties (and you obviously like the search) then that could increase your income, and help you to pay your bills like schooling etc, without eating into your capital. That certainly sounds like a plan to me!!

If your kids are teenagers, you could get them involved in the searches as well – teaching them financial literacy while you are about it. Win/win. Perhaps they could help with maintenace (if house is close by) etc. etc.

The psychological bit also comes in when you think about wanting to put picture frames up without having to ask, etc. Also the ‘fear’ of the landlord kicking you out every 12 months – or massively raising the rents. To get around the latter two, you could strike a deal where you get a long lease, and lock in a set % for a rate rise – or even better, no rate rises at all for the term!! This would give security of tenure, plus the landlord (should) will be happy knowing they will have no vacancies for the next few years.

As for your Mum’s place, perhaps you could get a second loan against that house to buy further IPs – Best speak to a mortgage broker to see how to structure that one though. But don’t sell if you can do it that way.

Hope my ramblings have helped somewhat. Good luck with your choices – let us know if you decide the dream house is the way to go, and how the auction goes….

Cheers
Mel

Hi Monika

Glad you could join us. Kay says some lovely things about you, and draws a nice picture. I think a few of the boys are also in love…

Cheers
Mel