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  • Profile photo of redwingredwing
    Participant
    @redwing
    Join Date: 2003
    Post Count: 2,733
    December 16, 2007 - 8:28 am

    Hi CD,

    We've used some of our lazy dollars (Equity) to invest not only into Further Property but also a Managed Fund to provide income and assist with supporting the -Geared IP's; last year was a good year with a 18.5% return on the MF (not as good as some funds which did 60-70%, but we fel this is not as 'risky' and suits our purposes at this point in time).

    Profile photo of redwingredwing
    Participant
    @redwing
    Join Date: 2003
    Post Count: 2,733
    December 15, 2007 - 5:42 am

    http://www.mkpl.biz/downloads/TEMPLATE%20living_off_your_equity.xls

    here's one from Michael Y

    And a google serach should give you 'many' other hits

    Profile photo of redwingredwing
    Participant
    @redwing
    Join Date: 2003
    Post Count: 2,733
    December 3, 2007 - 11:48 am

    Check out Genesis as well, Robin has won PM of the year in the past (though I have No IP's with them)

    Profile photo of redwingredwing
    Participant
    @redwing
    Join Date: 2003
    Post Count: 2,733
    December 3, 2007 - 11:20 am

    *BUMP*

    Update regarding our situation

    Now sitting on $2.1M in Property Assets and we've leveraged into some Income Producing Managed Funds that provided an 18.5 % return last year (there have been some great 50-60% Funds, but we consider ours slightly less risky).

    New QLD and WA IP's bought this year so far and drawing out more equity for a Safety Buffer and to look at new investments

    Thanks also to TerryW who I've bounced a number of scenario's off

    Regards

    Redwing

    Profile photo of redwingredwing
    Participant
    @redwing
    Join Date: 2003
    Post Count: 2,733
    December 3, 2007 - 11:18 am

    *BUMP*

    Update regarding our situation

    Now sitting on $2.1M in Property Assets and we've leveraged into some Income Producing Managed Funds that provided an 18.5 % return last year (thre have been some great 50-60% Funds, but we consider ours slightly less risky).

    New QLD and WA IP's bought this year so far and drawing out more equity for a Safety Buffer and to look at new investments

    Thanks DrX and many other posters on the forum

    Regards

    Redwing

    Profile photo of redwingredwing
    Participant
    @redwing
    Join Date: 2003
    Post Count: 2,733
    December 3, 2007 - 11:10 am

    What did you wind up doing?

    Profile photo of redwingredwing
    Participant
    @redwing
    Join Date: 2003
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    October 9, 2007 - 12:24 pm

    https://www.propertyinvesting.com/resources/products/36

    This would be well worth a look

    Profile photo of redwingredwing
    Participant
    @redwing
    Join Date: 2003
    Post Count: 2,733
    August 13, 2007 - 1:34 pm
    Xenia wrote:
    Whether he is a shonk or godsent depends on your attitude. $4000 spent could mean that you are set for life or it could mean that you just wasted $4000.

    I don't agree with the above comment that this forum delivers free information, there are many posts answered by people with no knowledge or experience in the area giving "free" advice that is speculative and based on opinion rather than fact. Some posts even relate to things that are written in black and white in real estate legislation and people unknowingly give "free" advice about things that are not even legal. It's a fun forum to discuss things with like minded people but be very careful about taking advice. Free advice can be the most expensive!

    Back to Jamie, he sells knowledge!
    Knowlede without action is just a waste of money.

    Writing call options on shares (or properties) is a BUSINESS it is not something you can do in your spare time. Like any business it can be a complete success or it can be a disaster. Like any business it takes time to master the skill, it takes capital to fund the business and it takes alot of money in mistakes before you get it right. It is not a hobby!

    I know 3 successful traders making over $800,000 per year. All 3 have a similar iron discipline, focus and have created their OWN mathematical strategies that work for them. All 3 have lost money in the begining. All 3 have a huge trading capital so small wiggles in the market are not going to wipe them out.

    I know 50 others that have lost money and given up. This is not 21st accademies fault it is the fault of the individual.

    Before doing a full course on call options may I suggest buying a book called trading for a living by Alexander Elder. It talks about trading psychology and will drive the point home that it is not as easy as jamie makes it seem it is a business to be taken seriously.
    Just remember that not everyone that joins a gym will become a professional body builder, most will not, but those that have the desire and persistance WILL!!!! (that's not a reflection on the gym either!)

    Great post Xenia

    Agree wholeheartedly

    Being someone who can't make 2+2 =4  I get somewhat lost in some of the complex share formulae

    Profile photo of redwingredwing
    Participant
    @redwing
    Join Date: 2003
    Post Count: 2,733
    August 13, 2007 - 1:32 pm

    You can download a trial version of PIA, REViQ will also send you a trial to play with (RichMastery NZ)

    Profile photo of redwingredwing
    Participant
    @redwing
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    August 13, 2007 - 1:20 pm

    Thanks for that post Tony

    Profile photo of redwingredwing
    Participant
    @redwing
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    July 7, 2007 - 5:14 pm
    Jon Chown wrote:
    Oh dear Martin, how many buyers do you think we have for each property which we can only sell once.   Don't try to read words into my statements.   The Department of Fair Trading would take a dim view if I were to adopt your sentiments.  I am under contract to work for the Seller.  Get used to it

    Jon

    Very True Jon and something I always keep in mind when dealing with a REA, they represent the vendor and wnat to get the "best" deal/price they can

    PS: with our Brisbane property I think it was 14 days for Building and Pest, Finance was approved (but that never means much, you still have hoops to jump through), we had other clauses and were purchasing through a HDT (which made the agent baulk, he'd never dealt with anything other than a purchasers name and thoiugh it was impossible), but realised we had a good buy so made the deal attractive in other ways (we had competition from a potential owner occupier and several other investors as well).

    Profile photo of redwingredwing
    Participant
    @redwing
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    June 16, 2007 - 7:44 am
    carpe_diem wrote:
    Hi All
    I'm in a situation that I have a very high value in property assets (net $2m) but my income is only net $30K. I can live within this but it would be better for me to have more eg another $20k.

    I have $75k in cash invested that I can use to top up this if necessary. I have investment properties and also my own home that I will sell in the next 3 years or so (no mortgage, no capital gain and value $1.2m).

    For medical reasons I am not now in the workforce (over 2 years) and although I could go back to professional IT consultancy work I'm rather used to now all the other things I do including voluntary conservation work.

    As I say I can live on what I have but I'm thinking perhaps I should do more with my equity for the sake of my family. Would I be silly to borrow say $300k against my home and invest it in stockmarket shares with a view to returning a yield higher than the interest rate (risky?)……or just wait it out for 3 years when I will sell the home.
    Thanks for any ideas you might have.
    Regards Carpe

    Is this correct,

    You have a PPoR worth $1M 2k and IP ('s) worth $800k?

    Is the $30k income rent from the investment propertie/s (value $800k)?

    If thats correct then the yield on the IP's is around 3.75% ?

    What is the LVR (or are all loans paid out)?

    Not sure why you would want to sell and loose your Growth Assets, even at 5% p/a Growth thats $100k per annum you'll miss out on (and working on it doubling every 10 yrs you should be sitting on $4M nett); you'll also have CGT to pay with selling your IP(s)

    I'm sure there is a myriad of options out there for you to earn an income from your equity; or to just draw down on this equity as well as tax advantaged methods (as Equity for personal use is not deductible), maybe if you can give more of an indication of your starting point (or i just didn''t read the post right), to clarify?

    Great Position you've got yourself into, CONGRATULATIONS, lots of options for you from where i sit.

    Regards

    Profile photo of redwingredwing
    Participant
    @redwing
    Join Date: 2003
    Post Count: 2,733
    June 6, 2007 - 10:55 pm

    Nicky;

    Check out Dale's website at http://www.gatherumgoss.com

    or http://www.trustmagic.com.au

    If he can't assist you he's a nice enough guy that he'd point you in the right direction.

    Profile photo of redwingredwing
    Participant
    @redwing
    Join Date: 2003
    Post Count: 2,733
    May 25, 2007 - 12:25 am

    Hi Brad,

    You have the term EQUITY HARVESTING as a trademark on your site?

    Thanks for the link to your site, having a browse now

    Equity Harvesting Google results:

    http://www.google.com.au/search?sourceid=navclient&ie=UTF-8&rls=GGLR,GGLR:2006-40,GGLR:en&q=equity+harvesting

    Profile photo of redwingredwing
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    @redwing
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    May 17, 2007 - 11:13 am

    We recently purchased our first interstate IP (though with the size of WA I once purchased an IP 2900kms away).

    I spent a large amount of time conducting DD here in Perth, then flew over to QLD, hired a car and spent a week pestering REA's and visiting various suburbs of interest, eventually picked up an IP with a 5.75% Yield (plus depreciation) and with a rent rise due soon, the IP next door sold for about $15k more 10 months prior, so i'm happy with the purchase price as well.

    I also ran into two other WA Investors whilst there so we caught up for dinner and compared notes..

    As a bonus the whole trip is tax deductible as well

    Profile photo of redwingredwing
    Participant
    @redwing
    Join Date: 2003
    Post Count: 2,733
    April 9, 2007 - 7:06 am
    jamiedellam wrote:
    getting loans for all of that is the easiest part aslong as the lender doent mind the propety being in new zealand. If you have a good broker borrowing money is never a problem. I got my girlfriend ( now my wife) a loan of about 200,000 to build a house and she didnt even have a job.

    That sounds as interesting as your plan, if not, more so..

    Profile photo of redwingredwing
    Participant
    @redwing
    Join Date: 2003
    Post Count: 2,733
    April 9, 2007 - 6:54 am

    I'll be 'semi-retired' way before 75

    Profile photo of redwingredwing
    Participant
    @redwing
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    Post Count: 2,733
    April 9, 2007 - 6:52 am

    I fix the majority of my loans Col, though have one that is variable interest only, in that way I know my Monthly payments.

    Profile photo of redwingredwing
    Participant
    @redwing
    Join Date: 2003
    Post Count: 2,733
    April 8, 2007 - 11:06 pm

    Perth also has groups such as;

    "The Investors Club"

    Craig TURNBULLS group at ASPIRE

    And a group called Property investors Network http://www.propertyinvestornetwork.com.au/ which is well worth a look

    I'm sure there's a few more about as well

    Profile photo of redwingredwing
    Participant
    @redwing
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    April 7, 2007 - 12:20 pm

    We're doing as Derek has stated and recently picked up a Brisbane IP using the great equity from the WA IP's

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