Forum Replies Created

Viewing 14 posts - 41 through 54 (of 54 total)
1 2 3
  • Profile photo of nugennugen
    Member
    @nugen
    Join Date: 2003
    Post Count: 58
    September 9, 2003 - 2:01 am

    I eagerly watched it on the telly last night and even more eagerly I entered the Millionaire Challennge.[8)]
    Have read Steve’s Book and would love to take the challenge up with him.[8D]
    I think people who are quite sceptical need to read the book first before forming opinions. [;)]

    nu gen

    Profile photo of nugennugen
    Member
    @nugen
    Join Date: 2003
    Post Count: 58
    September 4, 2003 - 11:32 am

    I am in a similar position. I started reading and learning a year ago. Read many books, Jan Somers, Rich Dad Poor Dad, Steve McNight etc. Get a feel for different opinions and make your educated decision on how to invest.

    Good Luck.

    Nu gen

    Profile photo of nugennugen
    Member
    @nugen
    Join Date: 2003
    Post Count: 58
    September 4, 2003 - 11:28 am

    Don’t quote me but I think having a company as opposed to a business name means the bank cannot reposses personal assetts not in the company name.
    So if you have a PROR it cannot be taken off you.

    I could be wrong.[B)]

    Profile photo of nugennugen
    Member
    @nugen
    Join Date: 2003
    Post Count: 58
    September 4, 2003 - 10:02 am

    I’m 27. First PROR at 25. Buying first IP by end of year. Can’t wait to catch up to a few of you.

    nu gen

    Profile photo of nugennugen
    Member
    @nugen
    Join Date: 2003
    Post Count: 58
    September 4, 2003 - 9:57 am

    Maybe you should go visit them(the neighbours). Put on a carton and talk to them. They would probably appreciate that if you could relate to them(assuming they like a drink). See what it is they don’t like about your property.

    If that fails run for the hills.

    nu gen

    Profile photo of nugennugen
    Member
    @nugen
    Join Date: 2003
    Post Count: 58
    September 4, 2003 - 9:52 am

    Andrew

    What’s the address…..Just kidding.

    Sounds pretty good to me. If you get $130 for each of the 3 properties that well passes the 11 second rule.

    nu gen

    Profile photo of nugennugen
    Member
    @nugen
    Join Date: 2003
    Post Count: 58
    September 1, 2003 - 11:21 am

    Thought I would add my bit as I live in a neighbouring suburb.
    Green Point is a good suburb. Very central to all areas on the Central Coast.
    Capital Growth is still going. Not much under 400k.
    Rent should return around $280. Certainly not for + gearing but good for CG.

    Nu Gen

    Profile photo of nugennugen
    Member
    @nugen
    Join Date: 2003
    Post Count: 58
    August 24, 2003 - 11:15 pm

    Thanks Rod.[:D]

    Profile photo of nugennugen
    Member
    @nugen
    Join Date: 2003
    Post Count: 58
    August 23, 2003 - 1:01 pm

    I am just new to this. No IPs yet, but selling up in summer and using profit to put deposits down on a few. Rents cheap here so I will rent. Everyone in here is an inspiration, and are unknowingly helping newby’s like myself to accerlerate our knowledge of the property market.

    Worst case scenario is that I lose my job, market crashes, and I end up on an acreage in the tropics.

    Keep up the positive vibe.

    Profile photo of nugennugen
    Member
    @nugen
    Join Date: 2003
    Post Count: 58
    August 23, 2003 - 4:36 am

    Heres my thoughts… If the property market peaks and interest rates rise, it will be hard for young people and battlers to stay or get into the market. I can’t see prices dropping much. Therefore the demand for rentals will push up yields. It might then be easier to find +ve geared IPs. If interst rates rise close to or above rental yields that could be scary. Either way I will tread carefully.

    Profile photo of nugennugen
    Member
    @nugen
    Join Date: 2003
    Post Count: 58
    August 20, 2003 - 12:44 pm

    Thanks Wilandel and Melanie. Melanie, I didn’t know replying to a post added to your tally[:O].
    Mr Moderator, rack another one up for me![:D]

    Profile photo of nugennugen
    Member
    @nugen
    Join Date: 2003
    Post Count: 58
    August 20, 2003 - 11:40 am

    Oooops…heee heee heee heee[:I]

    Profile photo of nugennugen
    Member
    @nugen
    Join Date: 2003
    Post Count: 58
    August 20, 2003 - 11:36 am

    Michael, Yes my servicability is stretched. Will me paying rent elsewhere effect my servicability if the banks don’t know I am paying rent. Maybe they think I am staying with mum etc.

    Regina, Not too sure about a line of credit. I cant see it helping my serviceability. I could be totally wrong.

    Daretotry, I am looking at Copacabana to rent. Houses worth 500k are renting for less than $300/week. Beautiful area.

    Crashy, Do I pay CGT if it it was not an IP? Not sure.

    Thanks for your suggestions. I think I will cash in and start fresh with a csmall chunk of money. Will definately keep reading posts for more tips.

    Nu Gen[;)]

    Profile photo of nugennugen
    Member
    @nugen
    Join Date: 2003
    Post Count: 58
    August 20, 2003 - 11:36 am

    Michael, Yes my servicability is stretched. Will me paying rent elsewhere effect my servicability if the banks don’t know I am paying rent. Maybe they think I am staying with mum etc.

    Regina, Not too sure about a line of credit. I cant see it helping my serviceability. I could be totally wrong.

    Daretotry, I am looking at Copacabana to rent. Houses worth 500k are renting for less than $300/week. Beautiful area.

    Crashy, Do I pay CGT if it it was not an IP? Not sure.

    Thanks for your suggestions. I think I will cash in and start fresh with a csmall chunk of money. Will definately keep reading posts for more tips.

    Nu Gen

Viewing 14 posts - 41 through 54 (of 54 total)
1 2 3