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melbear
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July 1, 2004 - 3:37 am
Hey Muppet
Maybe email admin @ propertyinvesting.com – that way the request should definitely be seen? Unless Steve has already responded – at which point I’ll shut up[blush2]
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Mel
melbear
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July 1, 2004 - 3:30 am
There have been articles in previous issues of API Magazine – must be a while ago now..
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Mel
melbear
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July 1, 2004 - 3:25 am
Brady, have a look at realestate.com.au, domain.com.au, and others that people have mentioned. That should give an excellent start..
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Mel
melbear
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July 1, 2004 - 3:14 am
brahms, by ‘cash out’ do you mean if I were to refinance a property to put cash in my pocket for no particular reason?
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Mel
melbear
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July 1, 2004 - 3:00 am
Guys, I haven’t been investing whilst interest rates were 17-18% (I was school), but remember that at that same time inflation was at 10-11%, so ‘real’ interest rates weren’t that bad – really!!
I believe people did struggle, and would think that less people could afford to buy, therefore increasing the supply of tenants, increasing rents……
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Mel
melbear
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July 1, 2004 - 2:56 am
Da Man
If you are staying in England for any length of time, why not invest there?
Otherwise, with your income, you could probably ‘quite easily’ afford to buy several growth properties that will be -vely geared, and require some cash from you. I don’t know what the tax situation is for you, and whether you can claim any losses now, but if you get good growth, maybe it’s not such an issue….
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Mel
melbear
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July 1, 2004 - 2:48 am
Or search google
population town….
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Mel
melbear
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July 1, 2004 - 2:37 am
Ah John, it’s interesting what you hear from ‘users’ of a system versus ‘sellers’….
I guess the system is only valuable if you can then find goods/services that you ‘want’ to buy from the current members.
I was ‘sold’ on the idea last year, but didn’t in the end see much point cos I didn’t sell any services etc. to earn the points…
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Mel
melbear
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June 30, 2004 - 1:31 pm
Miler, as the others have said, do a bit more checking on the other costs.
I like the sound of it as a starter – but what is your strategy? Do you want cashflow, or growth?
Is there any growth for this property? Can rents come down, or will they always go up? IS it furnished, and do you or the company own the furniture? Are you buying from the company, or another investor – this could ‘skew’ the rental figures.
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Mel
melbear
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June 30, 2004 - 1:25 pm
Thanks Westan[biggrin]
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Mel
melbear
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June 30, 2004 - 3:14 am
Company Name ATF Trust
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Mel
melbear
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June 29, 2004 - 11:47 pm
Hey guys
I’m not saying it’s a problem, but just make sure you do get it in writing. I’ve done it before – on a 30 day settlement, and one I’ve negotiated for my brother is a 6 month settlement, where we have access, but it’s via a much reduced ‘rental’, and we can renovate as much as we like before settlement…
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Mel
melbear
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June 29, 2004 - 11:41 pm
Hi Matt
Welcome to the forums. Hope you get a lot out of your time here.
In regards to your question, Westan and I think yack have posted questions recently asking the same sort of question. Have a look at
https://www.propertyinvesting.com/forum/topic/9057.html?SearchTerms=buying
https://www.propertyinvesting.com/forum/topic/11092.html?SearchTerms=30
https://www.propertyinvesting.com/forum/topic/10679.html?SearchTerms=buying
https://www.propertyinvesting.com/forum/topic/10291.html?SearchTerms=buying
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Mel
melbear
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June 28, 2004 - 12:21 am
And don’t forget Muppet as well – he is always so modest…
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Mel
melbear
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June 28, 2004 - 12:17 am
Yes, you definitely need it written into the contract that you want access for renos – you might even need to be specific about what renos you’re going to do.
If it’s not in the contract, then you don’t have a leg to stand on if the vendor wants to get nasty….
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Mel
melbear
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June 28, 2004 - 12:16 am
Hi frangipani, it also depends on whether your $50K is cash, or borrowed against your house….
As g7 said, read, learn, formulate your goals and plans, and the answer should come with that process…
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Mel
melbear
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June 27, 2004 - 10:45 am
Rob, I bet you $1000 that Kay would NOT take advantage of anybody!
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Mel
melbear
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June 27, 2004 - 10:36 am
Jo, I think the call needs to go out to Scott (aka depreciator) on this one….[]
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Mel
melbear
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June 27, 2004 - 10:35 am
Have you had confirmed by a reliable tradesmen that there is a huge problem with the roof? Or is it exaggeration by the PM/Tenant? Not saying to ignore, but definitely get professional advice..
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Mel
melbear
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June 27, 2004 - 10:33 am
shane, it does also depend on your strategy after paying off the non deductible debt.
If you want to buy more properties, faster, then IO all the way helps towards that aim. If you want to feel ‘secure’ that your debt is decreasing, then you would probably want to take P&I loans.
All loans I have are IO…
Cheers
Mel