Forum Replies Created
Why the worry about distance?Adelaide is 5 hours from my town and I have 3 I.P.s all spread across Adelaide.They all work well and only 1 is managed by a real estate agent.I’m always looking for more,both at home and in the city and don’t forget,Mr taxman just loves to pay for my yearly visit to Adelaide to check on the investments.Question,do you worry about distance if you buy shares?By the way,I don’t own any shares.Have fun investing and keep asking questions,Mick
Hi Newbie,I have no problem telling you where I live,I live in Broken Hill.You can buy a house in B.H. anywhere between $15000 to $400000.A good comfortable house would cost about $45000_$65000 but houses can still be purchased at the lower end of the scale and be rented for $100/week.Just remember that cap. gains are almost non-existent.Who cares?Also remember that there must be many other country towns similar to B.H.While I have the keys ticking I have to say that I’m surprised at the number of you who keep your home town secret.WHAT’S THE PROBLEM GUY’S?You can’t buy all the houses in the town .Share the goodies.Happy investing,Mick
Hi Ally,I’m with you .I don’t see anything wrong with the original version,heck the proof is in the pudding,but if you have the equity to start now then do it.Put in context,his 1st house cost maybe $20000 and your’s maybe $300000!The clock is ticking.Remember,you only have to please yourself.There is no right or wrong,just different ways.All the best to everyone,Mick.
Hi Susie,Of course it can work in your town.In fact I think it can work better there than in a capital city.I live in a country town and started with $20000 property,renting at $100/week.Great return,no capital gain.As if I care,now I marry a city property with a home town one and they are both positively geared as far as I’m concerned.Inow have 9 properties and not $1 comes from my own pay.Ican save that towards the next deposit.Just believe it can work and it will.I believe we are in a better position than our city cousins because they still have trouble being convinced about cheap housing in the bush.Believe in yourself Susie and go forward,Mick
Hi Isagold,cash flow positive means just that.It means you use none of your own money to pay off the investment.What is a reasonable return?Well,depending on where you are between 10 and 36%Happy investing,Mick
Hi Belladonna,regardless of who wrote the posts remember we all started as little fish{even Steve}.I unfortunately only started to understand at 40.If only I knew at 20!Also remember that you are investing for you and no-one else.The goals are your’s alone.Go for it,just don’t bite too big too early.P.S.I bet next year this year’s goals will seem trite.Mick
Hi Guy’s&Gal’s,It’s good to see the different goals that people are setting even though they all have that common theme.Ifeel the need to upgrade my personal goals both for 2003 and beyond after reading these posts but Dan is right,itdoes help to write them down and read other peoples.AD when are you planning to sleep?Angie,what is your business?Maybe we can put in an order.Steve,you never cease to amaze me,$20 million more property.My neck is still sore from all the head nodding.I thought my goalof 4 positive geared properties in 2003 would be testing me out.I hope we all achieve our dreams.Awise old workmate of mine once told me that if you think you can do it,you can but if you think you can’t do it, you can’t.Happy investing,Mick.
