Hi AB,

I live in London now and work and pretty much are where you’re going to be. I have an IP back home and have found, for me, the most important thing when i’m over here is how much cash i’m going to have to send and more importantly, when. 2c currency shift can mean a few hundred dollars vaporised.

I had to work out my cash flow here first…[Read more]

That echoes a lot of what i thought but it just seems like when you read in papers (which i believe influence the mojority or property owners) that prices have fallen for e.g. 10%, is that real value, the price you are likely to pay or is it just a stat that holds no ground. In a lot of areas in southern Sydney there seems to be more property for…[Read more]

Another good anti-virus out there is Kaspersky (Kaspersky.com) as it uses less resources on your system and updates little patches hourly. If you’re running broadband, log into the router and switch on the firewall there as well.

PT

I went through a stage where i went to a few of these and i had friends who paid the dollars for the training weekends, think Anthony Robbins, and yes they will hit you up for a $10000 weekend course.

My personal experience is basically, leave this stuff behind when it comes to self help, courses and seminars are not the answer if you have…[Read more]

Hi,

Lately i’ve found this forum is very informative. It’s working for you as you’ve posted and are getting replies. The Jan Somers books are a great grounding and so is The Richest Man in Babylon. I agree with KRUPA, stay away from seminars, i’ve been to a lot of the intro nights, even Henry Kay, and some people in the crowd are placed on…[Read more]

Thanks all for the replies. It’s good to hear that some people aren’t in it just for the money and actually like to help other people.

I’m lucky as my accoutant is my dad and he does have investments but the banker he’s recommending is a friend who i know has made bad decisions so i’m not going there.

As for RE agents, i just wanted confirmation…[Read more]

Also i might add the reason we don’t want to sell is in the 18 months we have been renting the place out it has been vacant for only 3 days so we can’t help but feel that later on it would return a solid steady cash flow.

The capital gains so far on the property has been minimal as we’ve only owned it for 2 1/2 years. It wouldn’t be worth selling i don’t think. But having said that, i read a rule somewhere which says if your property was your PPOR and you moved out, you can rent it for up to 6 years and if you sold it in this time you pay no capital gains.

That…[Read more]

Thanks Simon,

Is Steve part of this forum? What are his details?

Cheers,

PT

Thanks Dazzling, my father is doing exactly that but i suppose i can only see the interest racking up and loss in sterling value and am starting to panic a little.

Also, like another poster on the forum, i bought in the south of Sydney, Sutherland Shire and the yield is on average %3 – %5. Sydney is in my opinion currently over priced and as such…[Read more]

The problem with buying in the UK is that maintenance can often be high as most buildings in areas we can afford are over 100 years old. Plus, as security, if we were to buy here and then have to go home we’d be paying a mortgage in pounds.

Would the consideration of more purchases be based on the reasoning that the long term capital growth would…[Read more]