Sorry HB Your right

$8k equity [confused2]

And Mitchy ; there ‘are’ many ways around this..mostly higher risk though, In your position I wouldn’t look at them until your financial situation improves.

Our last IP we put no cash into the deal and about $3k into the one before that (deposit).

“Money is a currency, like electricity and it…[Read more]

Your boss sounds like a good person to be around Audrey..

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

WA GR..

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

From what I understand HK had some pretty good ideas and Investor Strategies as well..such as how they approached banks and valuers etc

Wish I knew what they were :o(

Anyone here go through the HK Seminars/Membership etc ??

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online…[Read more]

Originally posted by carlin:

Redwing – Just wondering, as I’m still on L plates. I understand re-having IPs revalued to determine how much equity you have in them.

But what do you mean when you say you’ll “top up loans and THEN access equity”?

Also, I gather that you and Derek are in Perth, where the market’s still rising. Are you waiting for…[Read more]

Had a Great Day Dazzling

The last of my appraisals for our Investment Properties came in yesterady, its only nearing the end of January and we’ve achieved one of our 2006 Goals regarding total property portfolio value (equity has jumped up as well and LVR is down to 64% from 71%)

My only bugbear would be my DSR..

Funnily enough..yesterday I was…[Read more]

Sorry to be a tease but somewhere a long while back on this site I think there was a free link to an e-book by Colm..??

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

If you get a chance read Greg ROBERTS (Australian)book about his time in India, Johny DEPP has bought the rights to make it into a movie..

Ties in with Terrys comment

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

From memory the Destiny F-Advisers are a Tier 2 advisor with the focus as Battleships says on property.

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Hi Dazzling

Great option, I’m thinking that rather than sell it to your partner, sell it to the trust though?

How did you go re establishing the Sale price?

did you sell at Market Value? (whatever that is with many REA’s giving quotes of up to $30-40k difference in most cases, worse I heard of was about $100k difference)

guess another bonus is…[Read more]

I see Harvard and Yale are looking at building Universities in India..I presume this will affect the International student Market of Australia?

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

majority of properties in WA’s N-West and into the NT are built with steel frames..

Galvernising can still rust and any hole drilled into it braks the coating..if putting onto a concrete slab ensure you coat the base in a tar like product as the lime from the concrete can eat into it..

have you “googled” steel frames or building with…[Read more]

I’d be looking secondhand in Kal as well as trying to get a new tenant Asap..

Snide comments..hmmm..according to ABS Kal is still a town of population decline of 0.59% p/annum (going from memory as I read this fact the other day and mentioned it to a friend who has recently sold all his Kal IP’s)

;o)

REDWING

“Money is a currency, like…[Read more]

before deciding on whether to go with peter spann or hans jakobi I would suggest you read thier books and surf thier respective sites to better get an idea on what they offer..and what you think best suits you as they are both very different

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency…[Read more]

A lot of Advisers are Salesmen who know the value of a trailing commision, the Industry seems to be trying to clean itself up and I’m sure there are good and maybe even great ones out there..good luck

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Any other Fun Sites?

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

I also use http://www.excelaustralia.com.au software to track IP’s

Prior to this it was just playing around with excel and input from other investors

Check out Julia’s site bantacs as well for some great info..

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

I’d agree that placing your current PPoR into a HDT and keeping it as your PPoR may cause problems..acquiring other properties in the HDT would be worthwhile IMO though

You need to look at your personal situation and what your personal goals are..take everyones postson board but absorb what is useful, consider the contrary opinions and discard…[Read more]

As Amanda says , that summary is a great start for an Excel spreadsheet, we also keep seperate files for each IP

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

I agree with some of what you say HB..”make haste slowly” as they say…

However, I also believe in the power of leverage and Other Peoples Money, If I had to wait until I saved the cash to get to where I am today I wouldn’t be here.

I agree with a degree of caution and ensure I have cash reserves as a back up (I could take a year or so off and…[Read more]