Forum Replies Created
Thanks for your comments Russ, I actually went back and re-read the message; and noticed that Brad was referring to HIM paying child maintenance, not receiving. Durrrrrr….
Hence, now I understand Brad’s dilema!!!!
I was looking at it from the payee’s point of view. Either way, I totally agree with your comments.
Cheers,
Jo
Hi Rob,
I am one of those forumities who obviously directed anger your way (at least, I am assuming that is how you saw it).
I wasn’t (and still am not) angry with you, or your valuable (and yes, they are extremely valuable) views; I just wanted you to know that I have heard the “diversity” speel before. It is a good thing to do; and I don’t disagree. Yet it was wrong of me, to accuse you of preaching to the converted, and if only I had 50c etc etc etc.
I did not expect your comeback, especially the bedroom bit, but then I also looked at some of your other posts, and I saw that some of your comments (other than to myself) could be perceived as offensive. In my post re “how much debt is too much” you asked me “why would someone with so little debt as this question?” in an almost condescending way, further asking “would it make you take on more debt?”……..firstly, as I replied it was curiousity, of which I am entitled, and secondly just because I have little or no debt, does asking make it a crime???
It seems to me, that you make comments, albeit valid, you are not guilt-free of any “tongue-in-cheek” backhanded comments that (at times) are short of an insult. However, as in the case of your below the belt comment re my bedroom activity, I am willing to forgive you if you would could please overlook my indiscretions.
So if you are done with feeling sorry for yourself, you will (hopefully) accept my apology, and join the rest of us……who really can only benefit from each other, wouldn’t you agree????
Friends??? [blink][blink]
Jo
Hi and welcome Karl and Rita,
Some quick calculations shows that your IP has an 8.84% rental return, which some would agree is okay, but not fantastic. I personally think it is fine, but there are those who prefer (wouldn’t we all) at least 10% returns.
This calculation is not taking into account the agent fees and/or rates. Which obviously alters the figures, but still makes for a good return. Other factors need to be considered, and there are people here which have heaps of experience is crunching numbers, looking at mortgage repayments etc. I am sure they will post some valuable info at some point (you just gotta wait a bit).
All in all, it sounds promising.
Cheers,
JO
CastleDreamer,
I cannot comment on this vision, however I will make a concerted effort never to refer to it again, and risk causing cause you any further grief [worried][glum2][lmao][lmao]
Jo
CastleDreamer,
I was checking out your profile when I was replying to Marc1 re my choice of avatar, which he suggested was “revealing”.
I was looking at yours, because I remembered you had some little creature, but couldn’t remember what exactly, so I went to have a look. When I realised it was a mouse, I decided it best to refer to an actual cartoon character, i.e. Pepe Le Pew. This was so I could say, someone with Pepe Le Pew isn’t necessarily a skunk, but I didn’t recognise who (if an actual character) your avatar was, so I decided against referring to it.
Sorry if it appeared that I was spying on your, or doing anything untorwards.
Jo
Originally posted by CastleDreamer:Monopoly, I cannot get a full appreciation of who you really are, except to say that perhaps you need HRT. You seem to very easily bite people who to all outward appearances on the thread, have not drawn claws against you. Replies such as yours are detracting from the thread main content, which in this case was Tycoon asking about whether we all thought it was possible for him to achieve his dream. I am not that interested in you thinking that RussH has his jockstrap in a twist. Take a breath honey.
CastleDreamer,
Like I said to Marc1 (see above) the post to RussH was earlier in the month………..I have since apologised to him for my totally inappropriate behaviour. Although there was no need to do so, I felt I had to explain myself to you in other posts (mainly today) which obviously you haven’t read yet.
I am not the monster you think I am, and no doubt HRT will be helpful in a few more years. But for now maybe I should keep my opinions to myself.
Thank you for your comments, and I am sorry if you have developed such a poor opinion of me.Cheers,
Jo
Originally posted by Marc1:Is it me Monopoly, or you really seem to enjoy neat picking on words and picking fights?
It certainly makes for more colourful posts and longer threads, yet still… I see no reason for picking on good old Russ or all the others you pick on Jo Victoria. … was wondering if you would get that many responses with a less revealing avatar? [cigar]
May God prosper you always.[biggrin]
MarcMarc, I don’t enjoy picking on Russ or anyone else. As a matter of fact, I sent Russ a PM since the post you obviously just read (look at the date on it) apologising for my past posts attacking him and being unkind. He accepted both my public and private apology, can you not extend me the same courteousy???
As for the word somantics, and nit-picking I am not entirely alone there now am Marc1????
My revealing avatar was chosen in fun and is by no means reflective of who I am, just as someone with Pepe Lew Pew isn’t a skunk or whatever. Surely if you want to have a go at me, which is within your rights to do so, it wold make more sense to chastise me for my “words” or “verbal abuse”, “attacking” or whatever, and not over some silly cartoon character that appealled to me at the time of joining.
Jo
Hi Brad1m,
I don’t understand how this will affect your child maintenance payment.
I may be under the misguided impression, that CSA payments were not subject to income testing.
Please correct me (someone, anyone) if I am wrong.
Jo
CastleDreamer,
I am starting to think that expressing one’s opinion on here is frought with danger!
As I have said, all too often, that problem with written communication is the severe lack of emotive expression, which of course can (and does) often reult in people getting the WRONG message, hence getting upset unnecessarily!
Cheers,
Jo
Originally posted by MiniMogul:Kiyosaki said diversify so often means ‘deworsify’ – people have to rush around doing all sorts of investments because nothing is doing particularly well.
monopoly, like you I owe nothing on my investments but I am about to start (gently) gearing – number four property will mean rents from 4 properties cover repayments on one. Property 5 will mean that rents from five cover repayments on two…6, rents from 6 props will cover repayments on 3…at that stage I have doubled my portfolio and Still have 50 percent LVR. I will probably carry on down to 30 percent LVR, and feel still fairly secure, being a quite risk-averse person. So I am expecting to get about 4 more this year.
after that i’ll wait till either rents rise or properties go up in value, and then get more!
joy to the worldGood for you Mini,
Keep up the good work!!!! [biggrin]
JoOriginally posted by The Mortgage Adviser:Jo,
I wrote you a lengthy reply but the website went down and it was lost. I couldn’t be bothered to rewrite it but I will give you the short version…
TAKE A PILL AND CHILL!!!There is no reason to get your back up.
I’m sorry if you felt that I had.I have no idea what you get up to in your bedroom and would not even fathom to tell you what to do as we have never met. My goodness, what would you tell me to my face if we had??? That was a bit below the belt don’t you think???
You seem to know everything anyway. I never implied to know everything; I would never insult yours (or anyone else’s) intelligence and suggest such a thing. All I said was, that I had tried different things (i.e. interstate property investing, shares, managed funds, and the ONLY thing that produced real results was property).
I apologise for giving general commentary and putting your name on it. Won’t happen again! No need to apologise; I never took any offense to your (general) comments or otherwise. You are more than entitled to your opinion, and I always appreciate hearing yours (and others) views on different matters.
Rob,
I am not upset by anything you said, including the bit about the bedroom (I’d like to think that was just a “knee-jerk” reaction to my comments which you obviously took as insults).
I would like to apologise for ANY comment which may have offended you; I can assure you there was no malice intended toward you, or anyone else, by what I wrote.
Unfortunately that is one of the down sides of written communication, the lack of emotive expression, which consequently results in messages being misinterpreted by its readers.Jo
Originally posted by SteveMcKnight:[wink4] he he
One person’s garage is another person’s carport
[smiling][lmao][lmao][lmao][lmao] I’ll pay that one!!!!
Another improvement to IPs I particularly don’t mind spending money on, is adding BIRs to bedrooms; tenannts really appreciate this, and homes with BIRs tend to fetch a healthier rent each week.
Jo
Hi all,
I just keep thinking what it was like when they first met, in that little beer garden, at the back of the Sydney pub, when the ever predictable question of “Oh and what do you do for a living???” was asked:
Mary: I’m a Real Estate Agent, and you?
Fredrick: I’m a Prince!!!!
Mary: [lmao][lmao][lmao][lmao]Garages/carports????? We must have been posting at the same time Steve….LOL
Jo
Oops Sorry Steve,
You asked for comments re improvements…..yes I like adding carports to IPs that don’t have any carparking cover (i.e. garages); it is cheaper than full on garages, and adds an extra 15-20 dollars extra per week, paying for itself nicely over a couple of years.
Jo
Fantastic post Steve,
I couldn’t agree more!!! So many people have the misguided opinion that in order to make (more) money they have to be bowled over (literally for some) by that “perfect opportunity”. They don’t realise that by waiting for this, they risk overlooking perfectly viable opportunities that are right under their bloody noses!!!
That is how people become financial well-off, by maximising the assets they already have, rather than just sitting around waiting for new ones to make the real difference.
Thanks for the comment; extremely valuable!!! [biggrin][biggrin][biggrin]
Cheers,
Jo
Originally posted by The Mortgage Adviser:Investors should diversify.
If someone gave me 50c (not even a dollar) for every time a financial advisor gave me that tip; I wouldn’t have had to invest in a thing!!! Yes I understand it, but do I WANT TO???? No….and if that is my downfall, so be it………$1.5 (almost 2) million of NET value, and without the need for “diversification”. AS I SAID…..I have invested in interstate properties, shares and managed funds…..and the ONLY thing that produced real results was property (but it was not a FAST gain, it took many years) and that’s okay….I can afford to be patient, especially with that kind of “debt free” asset base.If you had diversified and bought some interstate properties, the losses you encountered in NSW may be made back by increasing prices in your holdings interstate.
As I said (above) I did invest interstate, but it was not NSW….my interstate IPs were in QLD.It takes a little time to sell an IP.
No shit??????? I have never had too much of a problem, and have never been in a “hurry” to sell quickly….just as well hey????You have to sit back and watch your investments erode away chasing a decent price.
Erode away??????? I’ll take my chances, but as I owe NOTHING on them; I think I’ll manage okay.Are you still happy buying near where you live Jo?
Yes thanks Rob; it works for me!!!Thanks for the tips Rob, but you are preaching to the converted. You may think me foolish, and that is fine, you are entitled to your opinion. But I have successfully managed to build a healthy level of wealth without anyone’s help since I was 17. How many people do you know that can say the same????
Jo
Originally posted by CastleDreamer:Monopoly, even investing in your own town can have bad results with RE Management. I have a place bayside Brisvegas – I didn’t even get a chance to sack the PM, her agency sacked her before I got to sack them. She was shocking. And yes it was a little easier to deal with, but not that much.
Absolutely CastleDreamer,
No arguments from me on that score………I am by no means suggesting the just because one’s IPs are in their own backyard, that they will not encounter PM woes. For me, being able to actually drive down to the IP and MAKE SURE the maintenance work that I paid to have done, was indeed DONE put mind my at ease. Mine is just a case of bad experience leaving a “bitter taste”, and (who knows) in time, I may re-consider interstate property investing again. But for now…..home is where my $$$ is, and will remain.
Cheers,
Jo
Hi SIS,
I would have to say I am between 5-7; I am fairly conservative, yet tainted with a dash of aggressiveness (opportunity, and husband, permitting of course)!!! [rambo][rambo] Love him to bits, but he is a real investment “scaredy cat” poor boy!!![worried][worried]
I have been burnt with interstate property investing (no, not 2-tier market jobs) so in that respect, I prefer to keep IPs in my own backyard; have “dabbled” with shares (too yo-yo ish for me) and would never allow myself to be maxed out on anything…..other than good food, wine and pleasant company!!! [party][party]
Cheers,
Jo
Originally posted by Chan$:Monopoly,
Success is a journey, not a destination….not alway true.Success is a destination, not a journey….trading
Yes I see your point ChanS, [biggrin]
And I agree it is a destination also, however because “success” is subjective; measured differently by different people, the destination point is also not the same for everyone.
IMO it is the journey that is the most important, because (if and/when you get there) unless you can see how you got reached it, and whether you have learnt from any mistakes along the way, your destination may sadly prove to b, e just a short visit!!!! [blink][blink][blink]
Cheers,
Jo
