Forum Replies Created
“risky”
25 000 people seems to be a fair size town to me considering others on this forum have invested in towns from 9 000 to even 3 500 !
Granted the Growth is not going to be there, but do you want Growth ? income ? or low risk ? pick any 2.
Smaller towns are risky, but consider all the variables such as what is rental demand like in the town, population growth, industry etc.. you may not get huge growth but get reasonable income stream as for selling..Do some value-adding to the property and the ‘forumites’ are always looking for + geared IPs [
]REDWING
Mini
Re: Supplements from NZ, you should be able to order them from a NZ distributor without to much hassle, especially anything under $250.00. believe Australia and NZ have an agreement even though products that can be found in NZ take a ‘lot’ longer to eventually be available in Australia.
Friend of mine get’s “Twinlab” supplements from NZ not widely available in Australia
Itsamoorey :
“Body-for-life” and the “success journal” both good buy’s, see there’s now a “Eating for life” book out by Bill Phillips and EAS ( Bill Phillips is a “marketing Guru” in his field).. try doing H.I.I.T cardio – “kills”[xx(]
Everyone else
Sorry to get off track here !!
REDWING
“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”
Hi Mini..
Always out there aren’t you [
]REDWING
“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”
As you can see folks…
you now know who to call to sort out your mortgages [}]Good Luck with the venture if you go ahead luckyone
REDWING
“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”
Agree with most of the above..
Used wisely they are a bonus! We as others have posted pay “no interest” as we operate with a LOC loan and payment of the card comes automaticly out of our account on the due date.
we do not use the CC of our “loans” bank and we redeem our points for Myers vouchers which comes in handy at christmas time [
] and we get the presents for the family effectively for free !Very usefull when travelling or in an emergency and there’s many ways to use them wisely..
REDWING
“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”
work smarter not harder hmmm..
good result[
]REDWING
“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”
Hi KARAN (NAMASTE)
Would love to recieve your spreadsheet to evaluate, thanks [
]Please e-mail to barrytspencer “at” yahoo.com.au
Thanks also for the loan repayment figures, don’t know whats wrong with the computer re; calculator graphs such as westpac, realestate.com… i’ll have to search out better calculators or one’s without a graph!
Annaw2
His property is let by the on-site managers
REDWING
“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”
Str23
At work !!
In and out of the office throughout the night, log on at various times and catch up with the forum- it’s a great place to learn, with some of the people here passing on a ‘wealth’ of knowledge, essentially electronic brainstorming!
I’ve been investing on and off since about 1991, regretting selling the IP’s i’ve had throughout the years looking at thier value now ! currently though we have 2 IP’s and a PPOR in Perth ( Yes- live in Perth )
Currently getting properties re-valued and speaking to my mortgage broker on friday to assess financial situation before making a concerted move again. lately have been building Equity in PPOR by value adding ( renovations with us doing the work – saves cash $ builds equity $)
The folks over East are just like us “looking everywhere” – beleive it or not they’re looking here too, we have a few spots of interest. as has been said here before the best deals are not found on the net..
“Goldwing” is the motorbike… Redwing goes back to Childhood stuff and always a usefull tag that doesn’t too often get copied..
Used to Go to St Pat’s in Geraldton many moons ago.
The Perth investment group care of [email protected] …haven’t heard or seen anything of them for a while ( are you out there ?)
Dolf de Roos was recently in Perth but i decided not to attend, most in the forum suggested and recommended ‘buy’ the book though !
Geraldton has been discussed on this forum at times, though as with most things ‘Local knowledge’ is King, so you’re in front there. geraldton has had a – population growth and some socio-economic problems in some areas, however on that note ” a good deal $ wise is a good deal “
Redwing
“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”
Still In School
was reading “an interesting finding from macquarie bank is that more and more under 30’s are using Margin Lending to build investment portfolios before moving into areas like property”
Leveraging and getting into both markets !! [
]On a side note
How does
saving just $3 a day and investing it sensibly over a working life, you’ll wind up with over a million dollar$– work ??
Just quickly $3 x 365 days in the year = $1’095
$1’095 x 40 working years = $43 800
Granted this is at a flate rate, but ‘what’ rate would you have to be achieving to compound the interest and investment Dollars to get $1000 000.00
“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”
Hmm
just had a basic look at the figures..$80 p/wk for cleaners x 52 = $ 4160.00
$1500 p 1/4 management fees x 4 = $ 6000.00$4’160+
$6’000
= $10’160$22’000 per year profit –
$10’160
= $11’840Resulting in about $227.69 p/wk cash coming in.
Thats assuming all goes well, can’t seem to bring up any “mortgage calculator” graphs on this computer so don’t know what the repayments would be on a $270 K Loan ?
There’s better deals out there and i believe with these type of things management choose the cleaners, usually themselves ( the caretakers) and all repairs and maintainence are handled by the management for which top dollar is paid and they sometimes get a fee of the contractor for using him.
Was interesting to look at and a nice place.. but not a good investment.
As BLOWIE said in another post there may be stipulations that you have to get new carpet every five years or re-paint etc also what happens if the tenants the management put’s in place trash the place etc, use a dodgy credit card or such, as generally it’s short term stays.. just had a horrible thought “schoolies week” [}
][]
REDWING“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”
AND YOU WERE WONDERING JUST WHAT TO DO WITH YOUR TIME OFF OVER CHRISTMAS HUH
REDWING [}
]off to clean my shed !!
“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”
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