Forum Replies Created
OOooopss..
Seems i’m no longer welcome in Lome Togo either..
:o(
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorOriginally posted by hb:, had we invested that money instead into Comm.Bank shares, today the return would be 1million ABOVE the return we got on the penthouse.
Yep..dont ya just wish you bought into the Comm Bank, Wesfarmers, Rio etc some years back..
remember we dealing with SMSF…no borrowings
So the same problem arises today as 13 years later…
where to invest Shares or property?
except this time there’s in excess of 1 mil cash to play with….
[blink]My supers only at about $38k hb..I’ll never get rich of my super..hence my interest in property and sharesbut hey what would i know…
[biggrin]A lot..if you read between the lines :o)“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorOriginally posted by the owner:wow that’s awesome, Congratulations Redwing!
may i ask how long did it take for you to go from the first house to 1 Million?Hmm..bought my first house ever in about 1990, there’s been ups and downs since then, about 5 yrs ago I earnt less than $20k for the year and found things pretty tight
Worst thing i did was sell a duplex block in Broome for about $15k profit after costs (3 month turnaround between buy and sell) paid around the $40k’s for it..now worth “buku” dollars to quote Dazzling..
Thanks to everyone here for thier advice over time..it’s all appreciated, especially some of the great PM’s..
Colin..what did I learn along the way..”tons” of info..though my main thoughts are, “No” is not an answer just an opinion, learn from as many investors as you can (you can learn something new from someone at any level) and – its not what you earn, but what you do with what you earn..[inlove]
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI was looking at this, but if the stock split welllll…there ya go [biggrin]
Hb..my last two IP’s I bough with $3k for one (deposit only but over 100% finance) and $0 for the last one.
I firmly believe you need a mix of Investments and find it very hard to compare either (probably not smart enough)..my preference though is for property
Its not Shares Vs property..BUT Shares And Property that will assist you position over time; after all using your equity to leverage into shares is chepaer and safer than margin lending IMHO
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorBHP has just caught up to its prices of 2001 HB?
Have a look at the long term charts of the company..I would hated to have been holding BHP in mid 2001 when it *plunged* from just under $25 to about $8 in a ‘very’ short time frame (good luck trying to sell then as panic set in)
Its only been trending up from mid 2003 onwards and anyone who got on board and held would now be laughing as its still trending upwards..
Its all relative I suppose and thats why you need the diversification..I prefer property mainly because of the leverage
Wish I had some :o)
*note- I actually like BHP“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI’m with Paul as far as a strategy goes with +CF to purchase IP’s for CG.
Its not the way I’ve done it..but I like the strategy :o)
If your starting out explore options such as the Offset Gearing Strategy..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorSorry 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 requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorYour 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 CalculatorWA GR..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorFrom 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 Positive Cashflow CalculatorOriginally 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 it to plateau before purchasing?
thanks,
CarlinPretty much what asdf said..
No not waiting for it to plateau..I’d buy another one now if I could afford the right one
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorHad 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 also approached by the BDM of another group with another offer of a position within their group (I had previously declined an offer from them)
I’m seriously thinking about the new offer and the pro’s and con’s, what ifs etc. If I take it, my DSR will undoubtebly improve
So, as with you I had a pretty eventful and fruitful day [biggrin]
PS- Congratulations Dazzling, seems like your always working, great effort
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorSorry 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 CalculatorIf 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 CalculatorFrom 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 CalculatorHi 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 no REA needed ;O)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI 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 Calculatormajority 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 them?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI’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 electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculatorbefore 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 With This Online Positive Cashflow Calculator
