i guess i’m simular to you, i’m only 20 and got my first +ve cash flow house a few months ago.
i’d like to say go get em tige’s!
i feel extreamly proud of myself and the things i have achivied, while my mates are still out pissing away there wages i save mine and instead of laying in bed hung over[xx(] all day, i now spend my weekend looking at other houses in the area or like this weekend painting and re-doing the spouting (while its still tenated [] )
but like everyone i’ve still wasted a few cheap house deposits on cars and other boys toys []
the most important advise i’d give u is, do things yourself, just because it looks hard, or it might take to long, just get in there and give it a ago!! i did and i’ve learnt sooo much!
this doesnt mean i just go staight at it, i research it, ask someone who knows about and so on.. then i get in and do it.
dont just ask a millionaire about property investing, talk to the bloke at work who lost out with the house he sold, and learn from it.
thats about it coz im get’n busy, ps this prolly dont make much scense it’s taken a hour to type this, coz i’m at work and keep get’n inturupted
pps. Homepath is a lender from as much as i can gather
this is the blind leading the blind, but coz no one else has answered i’ll give it ago i think all you do is go to the bank get your house re-valued, the bank give you the difference + plus the amount they feel you can service. you use this to buy a new house.. i’d guess u would have to pay all the usual fee’s and charges, i dont know if it is a new loan or just an extra amount ontop of your existing loan.
i only have one loan for one IP so i dont really know.
hehe i just did, would a person who rents really understand this tho? i also think its a little to honest for your own good, hide some of the facts a bit, no one likes to hear they are giving someone else $100,000 in intrest!! ontop of what they would normaly have to pay
WOW what lucky kids u have!!
i wish my mum and dad would buy me a house!
maybe you could sell the 500k property give them each 100k towards a house then buy 3 cheap +ve cash flow properties in the country as well as go on a holiday and enjoy yourself.. i dont know.. up to you!
u could try http://www.fool.com its american tho, i think it could be helpful, but it has to many pop ups and adds going on. i only have dial up and my computer doesnt like it, and either do i as i dont have time to browse through all the what i call “fluff” (in other words bull sh!t) thanks for the info tho, i’m not a big fan of seminars as i think my money would be better spent actually investing in what i’m trying to acheive and learning myself rather than helping someone else acheive there goals, i dont doubt seminars are a wealth of knowledge , i’d just rather find the information a different and more cheaper way
thanx[]
PS. i couldnt find that money game, on the ATO site
yeah i’ve bought a house with out viewing the S32 and like everyone has said.. its only an offer and not a legal sale or anything as i found out.. almost lost the property to a higher offer.. thankfully everything turned out fine and when the S32 was ready i signed and now i have a +ve cash flow property!
oh also when dad painted his houses he just got the cheapest paint he could find (basic brand, basic mix) and added a bit of bon-creat into the mix makes it last longer and more durable and also if your walls arnt all that good u wont have to use as many coats of paint.. i’ll try find out the mixture if anyone wants it i think it only cost him maybe a little over $300 to paint the whole inside of the house (doing it ourselfs).. a little cheaper than 2.5k!!
hmm i’ve helped my dad reno 2 IP’s and i used a paint roller and paint brush with ease for the 1st time, id say it’d properly end up cheaper than hiring an airless spray gun (i’ve never heard of this!?) is it just a presure pack can or what? how do u spray the paint with no air??
its only basic but its free, so if u aint been to a talk before, go! otherwise u’ve heard it all before, there was no selling me anything and the lady i talked to didnt offer me anything, see’a had a few properties and i basicly asked her all about them and got some knowledge of her and asked about her stratagies.. so on and so fifth
thats still over $600 a year, if it was different people in there i proberly would use an agent but i think i can trust this tenant (rent insurance will cover me if i cant) so i’d like to give it a go or atleast talk to someone who has done this before, i like to get all angles then consider my position, thanks for your input guys
well i hate to say it but i’ve had way to much experiance in this area, i’ve lost my license a few times, like everyone says in vic its 25ks over in a 100 zone and 20k in a 110 zone.. i think..
my brother is currently fighting a loss of license case as the cops just pulled him over and said you where speeding back there without any speed detection units.. just a guess!! true he was speeding, but if they cant prove it fight it!!
also if you where going to loose your license i would have thought that they would have informed you about it.
it also seems unusual that u got the letter in time i never got mine until i only had like a week left!
also if u think u’ve been unfairly done by and the cop says well u can cop it or we’ll take it to court tell em u’ll take it to court! why coz F$CK them thats why! (good will hunting) anyways cops hate going to court and half the time there wrong anyway!