WTF are you talking about Yorker??? [blink] You can ALWAYS buy, any time, day, month or year, if you are prepared to pay the asking price!!! You can buy in an up market, or a down market. You can buy overseas or locally; you can buy cheap, expensive, for growth, for cashflow, for better or for worse!!! BUT YOU CAN ALWAYS BUY!!! Making the right investment choice is not just about the property you choose, it’s also about timing, and those who say otherwise, are the ones who should not buying EVER!!!

Jo

Hi Westan,

What I have often said is I DON’T HAVE ANY debt, not that I won’t take any on. In fact, I will be doing so in the near future, specifically for tax reasons. The reasons behind my being debt free is attributed to several factors, one is CG of IPs which have enabled me to buy future IPs outright, and at times with money to spare. Prior to getting married, I invested in shares and although I got burnt initially, I made enough money to add to my wealth creation strategy.

You may think that in 23 years of investing my portfolio size would be more substantial, and indeed this is partly true, had I been prepared to take on some level of debt, but after getting burnt so badly in a bitter divorce settlement which cost me 3 IPs and various other valuables, I was happy to plod along at a snails pace.

In terms of property; I never ever buy a property unless it has huge growth potential, and moderate rental yield, but I do admit to being happy to sacrifice some yield for the long term goal of CG, after all, it is what enabled me to retired from the paid workforce at aged 39 (2 years ago).

My assets are not all property related; I only refer to the “bricks and mortar” side of things because that is what this forum is about. I don’t mention shares, business ventures or other avenues, unless specifically questioned.

I hope that clarifies my “aggressiveness” or lack thereof for you. If still in doubt, please feel free to approach me anytime; as I am only to happy to oblige!!!

Cheers, [biggrin]

Jo

Really??? Now you’ve sparked my curiousity!! How do YOU plan to do this Darren??? I love hearing innovative ideas from those in the know. So please do enlighten me with your aspirations; I’m all ears, and who knows I might actually learn something!!! [biggrin]

Well Darren,

It depends on one’s risk tolerance, and mine is very conservative. I play it safe (and hopefully smart) that way my risks are minimised!!! Each person is different. But to answer your question, what would I do…..

Initially, I would re-visit my homeland, check out the economic climate; what is the unemployment rate like, what are housing prices like, talk to people about what is happening, even people in here who are buyers for Oz investors they are full of useful info. Basically, I’d do my homework BEFORE I even so much as hinted at selling my business.

Then, and only then, after being completely satisified with my new found information, I’d:

1. Cash up by selling the business here
2. Buy a roof over my head to start with
3. Look for work; sure you may get a loan with or without a job (it’s not impossible, perhaps difficult, but certainly possible). Low doc or No doc loans are a reality, but serviceability is a major issue, even if you like to think you will be fine, the unexpected HAS TO be accounted for!!

Establish yourself first, plant your feet on the ground before you try running; otherwise you risk falling flat on your face!!!

I wish you every success.

Jo

And the stuff he (Yorker) does, he gets hammered for!!! [lmao]

Hi techa,

Firstly John, I realise you meant no malice in your “ostrich” reference; I guess I should have included one or two of [biggrin] to highlight that although picking you up on it, I was not upset by your comments. Hmmmm…having said that I now notice you have edited your original post!!

Unfortunately I cannot contribute to suggestions made here, as I am (like Mini) debt free and therefore IR rises will not affect me at this time. But having said that, I don’t believe those that DO have debt will automatically hit the “panic” button and start selling off IPs left, right and centre.

Sure if IR rises are so severe, people with 3 or more IPs, will re-evaluate their circumstances and many may well offload a few to “ease the squeeze” (alas poor Latham he will be remembered for some things)!!! [biggrin]

People with little experience of the market who heavily invest in property often overlook factoring major risks into the equation when crunching the numbers, for example the likelihood of EXTREME IR increases, being lumbered with the tenants from hell, the reality of high vacancy rates and so on. IMO this is purely bad/poor risk management, which in the end, will cost them dearly!!!

However John, I think you basically have all your avenues covered, and one of the main reasons you should be okay is that you are ensuring adequate liquidity (through your shares) should the need call for extra cash (ie. IR increases). Smart move!!! [winking]

Finally….

Mini,
As you know I am 41, having observed and actively invested through 4 property cycles, and never have I known IR to be shocked2] 27% (so in the words of PH) could you “please explain”??? [blink]

Cheers,

Jo

Hi kp,

Wasn’t trying to be mean, was trying to understand exactly what it was Boof was wanting, and somehow getting nowhere fast….but now that you have come in to save the day (and my sanity) well what can I say, except:

[specool] ONYA KP!!! [medieval]

Boof, watch this man; the guy is pure GENIUS!!!

Cheers,

Jo

Hi Sonja,

The offending post has been deleted. Most of the mods do their best to make sure that no post/thread remains if it contains subject matter which could upset forum members, however I know that sometimes things do accidently slip by; they are after all, human too!! They aren’t mind readers, and if forum members find something distasteful, it need to be brought to their attention.

Cheers,

Jo

Well not meaning to be “picky”; oh what the heck…yes I am!!!

I feel that it could have been very worthwhile to leave the post where it was, after all, as long as no discriminatory boundaries were crossed, no offensive language used, or any direct insult made or even implied….it should have remained!!!

After all, there are two current threads ATM which IMO are just as irrelevant to property investing (if you wish to take that stance in favour of the thread’s removal) that have equally no bearing or place in this forum, especially as they are relate to religion (Jehovah’s Witnesses and Gothic practices)….and they are still there!!!

Frankly, the balance of what does and does not remain in the public arena for public viewing is biased, and no wonder people are opting to go to Somersoft!!! If mods can’t give reasons for deleting/editing threads/posts, then for the sake of common courtesy LEAVE THEM BE!!!

Cheers,

Jo