Thanks Milly, Jason

I will pass on all your comments to my friend.

Take care,

Jo

Baloo – Excuse me???

Are you asking whether management expects forum members and/or moderators to be prodminantly CF+ investors??

Jo

Is asking a question a crime???

All I wanted was clarification, when is that wrong???

Thanks Baloo, I feel so much better now.

Jo

P.S. Maybe the moderators for this section can lock or delete the thread, it seem to be getting out of hand.

Where???????????????? [blink]

[laugh4][laugh4][laugh4]
Oh puhleese!!!!!

Well done depreciator!!! [thumbsupanim]

Yes I agree, such properties are available, but they are not easy to come by, and no doubt as time passes, will become harder to track, but certinaly not IMPOSSIBLE. And of course, with the benefits of depreciation (an area which I know you excel in) higher yields are not out of reach.

However, these properties IMO are rarities, and when making such a claim, it is worthwhile (especially for the sake of “newbies”) to emphasise that although they are out there, they are not as common as one would like to imagine. BUT with a bit of effort, research (on and outside of net) anything is possible!!!

Cheers,

Jo

I understand what you’re saying Kay, and I am not disputing that. FYI, I am more than aware that this site is a heavily pozz geared forum; but thanks for the reminder!!

Anyhoo your comment gave me the impression that, yes pozz properties are out there (no argument there) “but if you want ……” so am I mistaken in thinking that your “but” (please, no smart comment was intended here!!!!) was rather an inference to neg geared properties???

Of course, 8% pozz is more than achieveable, but as I said, your comment implied this was likely for neg geared as well, and as such holds (IMO) no merit, as this is (again IMO) not realistic.

Jo

Hi and thanks Terry, Sonja and Melbear,

I will pass all of your comments onto my friend; I am sure she will appreciate your thoughts. I agree Sonja, how she does it is beyond me, but hey, good on her; she has done well!!!

Melbear, I agree some ALL of the Mortgage Brokers on here seem so helpful that I am sure should she decide to utilise a MB, I would push that she approaches one from here definitely!!!

Thanks again for all you imput; you’re a top bunch in here!!! [thumbsupanim]

Cheers,

Jo

Thanks Yack, Brenda, MM, [medieval]

I have made note of your replies and will pass on the relevant suggestions.

I tend to agree with Yack, that the probability is not good of borrow more money to finance her next IP, but then I am not a financial whizz and wouldn’t know where to begin.

I have reminded her that she needs to “shop around” and talk to different lenders, and at worst, consider selling one of the IPs if things get too tight. But she assures me all is good, and she will battle on, and that “if not now maybe later” she may be in a better position.

As far as her rents are concerned I can’t answer that, all I know is (according to what she has told me) the rents cover a fair chunk of her debts and her salary makes up nicely for the rest, but on 15-20K it has me beat!!!! [blink]

Thanks again for your comments; much appreciated.

Cheers,

Jo