hi there,

>found was that the more you ‘buy’ the property, so the >greater your equity either via capital appreciation, or paying >of the mortgage, the lower the return,

no – the return is calculated on what you bought the property for, as that’s what you’re paying off (or paying outright.)
Capital gains and rental income gains added together…[Read more]

alf

>I reckon westan may have it together

he so does, he is all over it

>here he is selling some of his properties and moving into >something thats going to give him better returns.

yep – who wouldn’t? But again as richmond says he’s already said where, and why etc

>i get a feeling with steves book and the lessons of negative >gearing that…[Read more]

I got here too late!

yep i would have done the same, except maybe bought it- and negotiated harder at the front end in expectation that the builder’s report was going to be bad (they always are at that end of the market, aren’t they??? especially if they have been rental properties???).

As a buy and hold kind of person myself I’ve always sorted…[Read more]

cher cher, bro,

as they say in NZ

http://www.vocalbureau.com

On the East Coast of the US all the boys study law and finance and nobody’s into studying science, so they import a lot of medical practitioners. In Germany in the 80’s no Germans wanted to do the menial jobs such as dustmen, Macdonalds night workers, so there were a lot of Turkish ‘gastarbeiter’ (‘guestworkers’) brought in to do those jobs.

So i…[Read more]

On the East Coast of the US all the boys study law and finance (in the article it didn’t talk about what the girls study) and nobody’s into studying science, so they import a lot of medical practitioners. In Germany in the 80’s no Germans wanted to do the menial jobs such as dustmen, Macdonalds night workers, so there were a lot of Turkish…[Read more]

hi johnb, canberra huh, I’m gonna be there on Monday,,,

re suburbs, subscribe to API magazine which is good to keep finger on pulse
there are websites you can purchase info about suburbs, residex or something?

PS
thanks AD

*impressed*

wow, not just one but two Ron Sexsmith fans here!!! I’m sooo used to ‘Ron who???’—- hey you have to check out Shane Nicholson too. Local S/s who I hold in very high regard.

And how do we feel about Elliott Smith? My faaaa—-ve. But I also really love pop. As in the charts. Yes really. I know with Elliott and ROn it’s usually one…[Read more]

I am not using structures yet because it would lose me money, for various reasons – what westan said, plus the cost of setting up and maintaining structures would be more than i would ‘save’ in tax.

Also, doing something solely for the purpose of ‘saving’ tax is illegal, i heard. (asset protection is another thing however)

I like muppet’s idea…[Read more]

Hi John,

“Hi MiniMogul
After reading this topic I can understand how you got your name. ”

u mmmm yeah… you make it up when you join the forums – hehe!! It was a bit of a fake-it till-you-make-it name in my case because at the time of joining I don’t think I owned a single property yet!!! “from zero to 3 properties in 6 months”

>I’m new at…[Read more]

doogs-
i got samples of the whole darn orchestra…whaddya need?
mini

http://www.vocalbureau.com

yep all of the above!!!

update about the house with the fire, house is still in post-fire pending-repairs condition (has been insurance-assessed) – but tenants don’t care about the fireplace, they just wanna move back in (so they have!) – but now the element on the hot water cylinder has gone. Probably nothing to do with the fire (agent thinks.)…[Read more]

to ask the agent –

“I know what the list price is, but what’s the *real* price???”

often the answer, “well I know the vendor wants at least XYZ for it” will be (a lot!) less than the list price, so consider that the new ‘list price’ when formulating your offer

“if I buy this as an investment property, will you property manage it?”

I swerved…[Read more]

Hi Sach,

re: IT professionals, -a PC IT person wouldn’t necessarily have a clue about Macs. My mac boffins say it’s impossible.

No matter what may or may not have been announced officially i know through friends that a suspected computer did have the worm.

Yeh meeting forumites in real life is fabulous!!
whether at Steve’s seminars, or at…[Read more]

Hey Sach,

It’s the sobig-F worm, which I apparently can’t get –

http://www.symantec.com/avcenter/venc/data/w32.
sobig.f@mm.html

http://www.bayarea.com/mld/mercurynews/business/technology/personal_technology/6583164.htm

If you are correct then that’s pretty weird, because all my research (and copious use of Norton Anitovirus, Agax, and…[Read more]

diamond, that’s brilliant, was it the one you wanted?????
that you thought you’d missed out on???

cool about the ‘still buzzing’ part as well!!
it was gorgeous to see you too and you should have recieved the photos by now!

PS info about the two north island ski resorts on Ruapehu is here – one is Turoa accessed from the Ohakune side and the…[Read more]

http://www.smh.com.au/articles/2003/08/25/1061663735507.html

cheers Leigh for this link

http://www.vocalbureau.com

>Also re the diversify philosophy, I’m not so sure.

I totally agree, Robert Kiyosaki calls it ‘de-worsify’.!!!
it reminds me of those people who go to the casino and spread 20 chips all over the roulette table, when only one number can come up….i so don’t get that

>Ever read any Warren Buffet books? He calls the Wall Street >mantra of ‘risk…[Read more]

>but I read, I think in API, that 30%+ of new borrowings on >property is for investment not PPOR.

brianhc,

this is interesting, I just got the latest API but haven’t read it yet. It certainly might make sense if amongst the 8 percent investors are the odd Bradleys and McKnights. Also makes sense if 30 percent of the population rent. (see…[Read more]

‘the richest man in babylon’
is fantastic!!

http://www.vocalbureau.com