Total Members: 159,254

MiniMogul

  • MiniMogul replied to the topic List Why Property Beats Shares in the forum The Treasure Chest 21 years, 2 months ago

    crashy, just checked your web-site.

    good luck to you.

    but like battz said if you are so critical or property, what are you doing on a propertyinvesting.com forum??

    As far as this goes,

    “There are many false guru’s out there. The recent property boom has seen a flood of would-be ‘experts’ charging thousands of dollars to attend a seminar. These…[Read more]

  • MiniMogul replied to the topic List Why Property Beats Shares in the forum No Subject 21 years, 2 months ago

    “Oh no! another ‘losing money is a good thing cos you get some money back from tax’ argument. ”

    I didn’t say that!!! My properties make money! What I meant was that I don’t have to pay tax on the full amount, because of depreciation and other things. My ‘income’ as assessed by the tax department might even be zero!!! My tax bill might be ‘zero…[Read more]

  • MiniMogul replied to the topic List Why Property Beats Shares in the forum The Treasure Chest 21 years, 2 months ago

    hi crashy –
    “Try making money from property in a flat market and see how far you get.”

    that’s where you would be buying for cashflow yields. In fact generally the areas where cap gains are lesser is where yields are more.

    “Shares have greater liquidity. You can sell a few or all of your shares in minutes, and wont have to suffer a loss on a…[Read more]

  • MiniMogul replied to the topic List Why Property Beats Shares in the forum The Treasure Chest 21 years, 2 months ago

    Hi Wayne,

    look you obviously know a lot about property AND shares.
    More than I know about the latter, or care to.!!

    And I am not doubting that you could make great returns – better returns – on your shares than on your property. I also believe that I am going to make better returns on my property. I don’t just think so, I know so.

    A freehold…[Read more]

  • MiniMogul replied to the topic Depression in the forum The Treasure Chest 21 years, 2 months ago

    As you can gather, I don’t really trust the banks – especially if they have my money. if i have theirs, though, that’s OK – because I’m good for it!!

    Although that was rather a dark post (for me) it meant to reassure that I think that residential real estate is (and is considered to be) one of the most safest investments there is.

    I think that…[Read more]

  • MiniMogul replied to the topic Depression in the forum The Treasure Chest 21 years, 2 months ago

    if you *are* worried about the global economy – I can’t see it changing much until oil runs out, at which time the US will crash – then don’t buy anything which only has a paper value. Buy stuff which has an intrinsic value. Like houses ! and gold (maybe?)
    I think gold always goes up in times of economic uncertainty.

    Banks have this low…[Read more]

  • MiniMogul replied to the topic What to do now? in the forum The Treasure Chest 21 years, 2 months ago

    Hi there
    I have had good luck with one place bought for 27.3 and rented for 110 pw the whole time. Town of 1500. However the town is only 30K from a town of 40K people. never saw it and had it fully inspected – builder’s, electrical, plumbing.
    Great rental agent.

    My other two are in towns of 3500. So far have stayed away from towns under 1000,…[Read more]

  • MiniMogul replied to the topic List Why Property Beats Shares in the forum The Treasure Chest 21 years, 2 months ago

    Hi Wayne!!
    i look forward to ‘being addressed’!!!!

    when you’re ready!!!

    cheers-
    Mini

  • MiniMogul replied to the topic INVITATION: Steve McKnight at Borders in Sydney! in the forum No Subject 21 years, 2 months ago

    who’s going? apart from meeeeeee?

    *skips happily down the road*

  • MiniMogul replied to the topic List Why Property Beats Shares in the forum The Treasure Chest 21 years, 2 months ago

    1) Shares are more risky because they can go down to almost nothing.
    2) Shares have no ‘use’ if you can’t sell them. Houses have an intrinsic function. Like if global ecomony crashes, a house is still a house worth living in.
    3) Shares fluctuate wildly compared to property the spikes are fast and sharp. Property has more gentle lines and has…[Read more]

  • MiniMogul replied to the topic dolf de roos seminar in the forum The Treasure Chest 21 years, 2 months ago

    Stev has a one day event coming up soon. You could go to that, and buy Dolf set of tapes, and come out having spent less than half of what Dolf 2 day event costs. However his one night event is fun and worth the price.

  • MiniMogul replied to the topic Steve feedback needed Managing Risk – New Chapter in the forum No Subject 21 years, 2 months ago

    e-kiwi
    hehehe
    hee heee heeeeee

    hahahahahahahh!!!!!!

    keep it up!!!

    hoooo hoo ho ho ho!!

  • MiniMogul replied to the topic am I the only one? in the forum The Treasure Chest 21 years, 2 months ago

    Hi Pinky,

    it is a bit daunting at first especially if you haven’t done Math for what seems a very very long time and you didn’t particularly like it then.

    but honestly it comes back really really quickly. The maths is so important to get your head around (take it slow and take breaks! Don’t try it for bedtime reading…!) because otherwise how…[Read more]

  • MiniMogul replied to the topic dolf de roos seminar in the forum The Treasure Chest 21 years, 2 months ago

    Hi there,

    i think Dolf is a perfect ‘beginner investor’ speaker.
    I went to see him first before I did Steve’s seminar. I think I bought the book there afterwards. if it wasn’t for Dolf i would not have realised it was even possible for me to buy property.
    I also bought a 10-CD recording of his three day seminar which I also found awesome. Cause i…[Read more]

  • MiniMogul replied to the topic All you city investors are pushing prices up!!! in the forum The Treasure Chest 21 years, 2 months ago

    hi again kasey,

    thanks kasey for the compliment, but let me tell you I’m only about 1 year beyond totally clueless…that’s when I started learning about all this stuff!!!!

    > some risk’s are too risky and therefore I will back out.
    well I agree with you, and I guess the reason I am attracted to property is that almost everyone seems to make…[Read more]

  • MiniMogul replied to the topic All you city investors are pushing prices up!!! in the forum The Treasure Chest 21 years, 2 months ago

    battz, slats, I agree with both of you.

    As far as property going up – yeah – it does!!! a year ago when i was still dithering around figuring out where to buy, I could have bought for under 100K in an area that has gone up 127 percent in that time. No bull!!! That area has gone up three times as much as the next best capital gain spot in the…[Read more]

  • MiniMogul replied to the topic mortgage broker in NZ in the forum The Treasure Chest 21 years, 2 months ago

    wicked neill – thanks!

  • MiniMogul replied to the topic All you city investors are pushing prices up!!! in the forum The Treasure Chest 21 years, 2 months ago

    hi casey,

    >OK under 20k, jezz,, umm well, I have no comment there, but i >guess if thats your cup of tea!!!

    well houses have gone up since a few short months ago when I bought these puppies…so it would be under 30.

    >Im sorry but i don’t plan to buy in the middle of the desert
    me neither. These ones are 40 K away from major tourist…[Read more]

  • MiniMogul replied to the topic All you city investors are pushing prices up!!! in the forum The Treasure Chest 21 years, 2 months ago

    boy, .!!!! *cracks knuckles and sets out to answer this most challenging post*

    ” the humble local just cant buy a property nowdays”

    Look, I’m a humble local from Paddington, Sydney, where the cheapest houses in the street cost 800K. and i can’t afford to buy where i live. So I agree with you! There will always be people in any given suburb or…[Read more]

  • MiniMogul replied to the topic Cheap Brokerage ? in the forum The Treasure Chest 21 years, 2 months ago

    oh great shares gurus,

    a friend of mine is doing great with this and says I should stick 100 bucks in it or 20 euros and try it for a while until i feel comfortable….

    https://www.comshares.com

    You can’t join up unless you have a referral. I can join under him. What do you think????

    They are returning 1 -2 percent per day.

    sounds too good to…[Read more]

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