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  • Profile photo of p0sitiveCasHfl0wp0sitiveCasHfl0w
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    @p0sitivecashfl0w
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    Hi YoungInvestor,

    I am currently in the same situation as you.. trying to decide whether to buy an IP or a PPOR. I guess its all about personal choice and what you can and can’t hack. After discussing it with my other half, we have decided to stay living with my parents (as long as both of us can hack it [:)]) and invest our savings into positvely cashflowed properties. We decided this so that while we are still young (I’m 22 and she’s 21) we can create the platform for our road to financial freedom… Good luck to you and make the decision that you will not regret.

    Cheers,

    Jay

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    Profile photo of p0sitiveCasHfl0wp0sitiveCasHfl0w
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    @p0sitivecashfl0w
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    Hi Robo,

    Here is a link to a post reviewing the recently held Ed Burton seminar… Hope this helps…

    https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=5291 [:D][:D]

    Cheers,

    Jay

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    Profile photo of p0sitiveCasHfl0wp0sitiveCasHfl0w
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    @p0sitivecashfl0w
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    Who would you want to represent Australia in the “World Idol”? Personnally, i think if the winner was to go up against Kelly Clarkson and the guy who sings Unchained Melody, i think its Gareth Gates, then it would have to be Guy… Climb every mountain!!!! You go Guy! haha [:P][:P][:P]

    Cheers,

    Jay

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    Profile photo of p0sitiveCasHfl0wp0sitiveCasHfl0w
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    Thanks for your responses… I might take your advice Del and see a lawyer…

    Cheers,

    Jay

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    Profile photo of p0sitiveCasHfl0wp0sitiveCasHfl0w
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    Hi Dirk,

    Here is the link to the ABS website for free stats … enjoy [8D]

    http://www.abs.gov.au/websitedbs/D3310114.NSF/4a256353001af3ed4b2562bb00121564/2919a5a1811f10014a2563fb00823a53?OpenDocument

    Cheers,

    Jay

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    Profile photo of p0sitiveCasHfl0wp0sitiveCasHfl0w
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    Can the doctor from the PBS prescriptions ad get any more annoying… [}:)][?][?]

    Cheers,

    Jay

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    Profile photo of p0sitiveCasHfl0wp0sitiveCasHfl0w
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    I’d like one too please [:D]

    j_nejal at tpg dot com dot au

    Cheers,

    Jay

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    I’d love to check it out please…

    j_nejal at tpg dot com dot au

    [:D]

    Cheers,

    Jay

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    Profile photo of p0sitiveCasHfl0wp0sitiveCasHfl0w
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    FHOG = First Home Owners Grant.. a $7,000 government grant to help first home buyers pay for the cost of owning their first home

    Cheers,

    Jay

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    Profile photo of p0sitiveCasHfl0wp0sitiveCasHfl0w
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    Still in School… why are you dividing the weekly profit by the weekly rent?? Your equation should look like this:

    Profit yield against the loan = $45.08 divide by $104.92 * 100 = 42.9%

    Cheers,

    Jay

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    Be careful with the wooden post BSS.. They might be cheaper, but very attractive to termites… Make sure you get a pest inspection done…

    Cheers,

    Jay

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    Remember Pinit… you were once a newbie too…

    Cheers,

    Jay

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    Profile photo of p0sitiveCasHfl0wp0sitiveCasHfl0w
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    Great article Stuart. Being a newbie it has really opened my eyes to one of the many pitfalls of financing your investments. I have now even created a spreadsheet based on your article, which checks how a property will impact on a person’s net income position and therefore their borrowing capacity. Keep up the good work…

    Cheers,

    Jay

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    Hey all,

    The book was Rich Dad’s Guide to Investing where he was talking about the 5 different kinds of investors…

    “The inside investor creates the investment”

    Cheers,

    Jay

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    Hi Mitch..

    I posted that same question about a week ago so here is a link to the answers that I received… Happy Reading [:D]

    https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=4617

    Cheers,

    Jay

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    Hi Schumacher,

    My guess is you probably did the same thing as me after reading the book.. got all excited and went on the internet to look for positive cashflow property. Well it seems that to find these positive cashflow deals you need to put in the hard yards in terms of research and due diligence… My advice to you would be to read through some of the posts in this forum and you will pick up tid bits of information that can help you get started on your journey… Nothing can be handed to you on a plate… Its up to you to make the whole hearted effort…

    [:)][:)][:)]

    Cheers,

    Jay

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    A credit card may be easy, but don’t you incur the high interest charges on the amount as soon as you make the cash advance withdrawal.. Maybe you have a family member that may be willing to lend you the money… Or borrow from people and pay them a rate of interest for using their funds, lets say 10-20% pa (which is higher than a bank) interest only monthly payments until you have the cash to pay back the $4500. Am i making sense… I dont even understand myself sometimes…[:P]

    Cheers,

    Jay

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    Hello Rocket.. This was Steve’s response on that issue when interviewed by Today Tonight… Hope this helps..

    Question: Which is better, an interest only loan or a principal and interest loan?

    Steve McKnight: My grandfather used to say no-one ever went broke owning too little, and I’ve taken that advice. For me, principal and interest loans are a better idea. They might lower your cash flow return but this is because you are repaying debt, which is never a bad thing. You can always re-borrow it later.

    The only time I do interest only loans is on the commercial property I own, and that’s because the bank will only offer me a ten year loan term. If I did a 10 year principal and interest loan, it would be largely negative cash flow because of the requirement to pay back the debt. That’s why I do interest only.

    Cheers,

    Jay

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    Thanks for all the responses… point taken… i must put in the effort (ie go see the properties no matter how far they are) in order to get the results… [^]

    Cheers,

    Jay

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    wait …. scrap that last post… this is what the website requires for buying an IP:

    Investment Properties
    Note: Either condition may apply depending on the lender.

    Only 97% loan available (not 100% loan) – so a 3% deposit is required plus costs.

    Applicant minimum income of $50,000 per year required and has net assets of $175,000.

    I guess the second condition would rule a lot of us young people out…

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