yes indeed, being able to do the numbers means eveything

cheers-
Mini

I;m with you yack. I’ve seen the predictions Steve showed us at the seminar from the papers of yesteryear and it’s laughable!! I’m still investing now, for sure, only not in countries said to be ‘overvalued’ and most likely to get a correction should one occur. And Australia is one of them as is the UK, Spain, USA, and some others.

sis, please don’t think I am getting at you, but I have a problem with that whole sentence and in particular the words
“predict accurately what the value will be”….

I mean, sure you do the yield/IRR based on the known costs. income, and how much cash you put in. Writeoffs too. Steve calls it the cash on cash return. I realise that gross yield…[Read more]

yack, yes,

“when I do my own valuation I look at similar properties in the area.”

Indeed, and my own research tells me the property would sell for 35K right now based on similar properties in age, size, area, condition on the market right now. 19k properties – forget it, you don’t even hear of them any more unless they are burned out shells. And…[Read more]

> if our expensive properties had potential for both
> CG and rental yield that was CF+, well, we’d all be in there doing the CF
> thing.

I think that – from what i can gather in my studies of the RE market – is that the regional areas which traditionally ‘don’t have capital gain’ (yeh right, they so do- ) do get it, but as a catch-up after the…[Read more]

IRR is just fancy edu-speak for ‘yield’, I just looked it up…

Hi there,
Yes! I know they do!
I had two properties valued and the valuer asked what the ‘purpose’ was. ‘Um, so I know what they’re worth’. i replied.

‘for the purposes or achieving finance, or to sell?’ the valuer asked.

‘For finance, eventually’,I replied.

‘which bank?’ said the valuer.

‘I have no idea. yet.’ sez I.

‘because it depends on…[Read more]

Scarecrow, I don’t necessarily agree that it’s best to buy a PPOR first to ‘get off the rent treadmill’. often if you do the numbers, the opposite is true.

Also if you factor in that not everyone can afford to buy where they want to live, first – well even if they could, it might make them broke. That’s basically the old-school think our parents…[Read more]

well Leigh and I still have deals at 17 percent returns coming out our ears, so we are still finding, bird-dogging, and attempting to buy the ones people don’t want ourselves
(well that’s the plan anyway!)

cheers-
Mini

then it’s a good deal spodge
hope you find someone for it

Dolf de Roos says that whatever is the number one suburb last year isn’t going to be number 678 next year. Property trends are nice and slow enough for people to pick up.
I.e. Manly, where is manly on the list these days SIS? Manly I remember being the number one a couple of years ago.

what about what they call the ‘growth corridor’ in Qland? These investors the other night brought with them to show everyone a town planning thingie with areas marked in different colours where the jobs are going to be etc. that was a revelation.
i think when hoping for CG that’s a really good idea for research.

I nominate Ipswich and Queensland in general. This is according to an investor who I heard speak last night, with 30 poperties, a lot of which are in q’land. who has heavily researched the area as to population, employment, and growth for the next years as far as 2020 and 2050, and it’s huge.

Oh also, Darwin, more infrastructure going in.

poor rodneybrian, it was his first post and he’s obviously run screaming from the room.

It’s so nice to hear other people are finding the all-elusive CF+ve properties, as I am, have been, and am continuing to (now for others as well.)

cheers-
mini

melbear,

“10% interest over 3 years.”

6 and 5 years, and you’ve got a deal….

” …and need to come up with $25K to pay to me at the end of those 3 years.”

5, ok?
By then the market should have moved, I can refinance, pull the 25K out and pay out the vendor.

I think with vendor finance the vendor has to agree to take the second mortgage,…[Read more]

lucky more than 13 percent of taxpayers rent, eh?

cheers-
mini

I agree, I think travel!

If you don’t you will maybe start to hate your investing for what you’re sacrificing. I dunno.!
When you find a place to ‘settle down’ in and get in a position where you have a regular income, the bank will lend you money to start property investing.

Then again my partner met some people who had one flat in Dublin and…[Read more]

“I think never sell is a pretty good method but it may not suit all people, and sometimes by selling you can utilise that cash better than you can equity.”

Markpatric,

yep, in the end even capital gains people need cash.
So, equity is useless if you pull it out to spend on lifestyle. But how about if you pulled some out to buy some +ve CF…[Read more]

capital gains are awesome, but harder to duplicate unless time passes and it happens to have been in a boom, (like we’ve just had) – because usually negatively geared properties have the most capital gains and it’s hard to buy multiple negatively geared properties (once you’ve ‘saved’ all your tax and you can’t service any more debt.) Cashflow…[Read more]

i would like to add that if anyone can get an exceptional deal in Invercargill, it’s westan, he’s on the spot, and he’s in with the powers that be. And he’s a bird-dog!!!

cheers-
mini