Hello D.T.

What is ongoing cost on your $400/week property and same for $250/week…. (don’t need exact figure just hypothetical)

Thanks,

Hello Everyone,

I have read couple of Steve’s books as well and I see those calculations he made, ofcourse those calculation are from when he made his fortune. In today’s reality we have all these cost that comes with buying IP. Can anyone provide an example of Positive Cash flow Investment they have with the Ongoing cost I have listed… How…[Read more]

Hello Corey Batt,

That’s a good Call mate, Thanks….

Hello SuperAndrew,

RE fees if I have agent who look after it…

And “Tackle” I am just trying to figure it out that how can I buy one property I am looking for with all these Ongoing cost… Yes you are right that if Outflows are more then Inflows, its a NO GO… But then that should be with any other property people buy as IP.

Hello Catalyst,

Thanks for your reply..

Lets say Property value is $180,000 and Deposit you have is $18,000… You still come up with all the savings for Establishment cost such as Stampt duty, Pest and Building Inspec, Real Estate Agent fees, Conveyancing and Borrowing cost.

Weekly Rent is $300 and Repayments $240… Interest is $130

So…[Read more]

@munmun5 how much does it cost and how long did you took to complete it?

Thanks @The Fox I just needed that second opinion……

I researched some more and found that Settlor cannot be Beneficiary, now ofcourse I want to be Beneficiary which means I cannot be Settlor so I need to have some trustworthy person to be Settlor. Can I be Trustee and Beneficiary though? and another thing is can a Trustee or Beneficiary be Guarantor?

Hello Guys,

I have been following this conversation very closely and it has been very interesting. I am planning to buy property in next 6 to 8 months in Melbourne. I just wanted to share my views for Ferdinand and his offer for fixed rate.

Ferdinand: Congrats on becoming Property owner. Looking at your determination and commitment to your…[Read more]