Replies Created | Forums | redwing | PropertyInvesting.com

Forum Replies Created

Viewing 20 posts - 1,321 through 1,340 (of 2,376 total)

« 1 … 63 64 65 66 67 68 69 70 71 … 119 »

redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
November 8, 2004 - 11:49 am
You are ‘spreading’ your chances of finding a tenant also.. you have more competition the larger the block of units you invest in.
I prefer those in a small group, with a high % of owners.
on the positive, entry costs in most cases are cheaper.
do a ‘search’ on this subject within the forum, it’s been discussed before
my 2c

REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
November 7, 2004 - 8:27 am
without being longwinded, there’s good and bad “everywhere”(read the papers)
Ignorance isn’t biased.
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
November 7, 2004 - 8:19 am
You’ve started by researching this site.
Also, have a look at apprenticemillionaire.com.. start small and think big.
Start reading books and getting an idea of your direction,and agree with Mini on finding something youenjoy..
if you enjoy real estate start reading about it and look towards the end result.
i remember in Jan Sommers book a story about a guy who had 20 odd houses and still had his job of drivinga forklift, then there was the story of the painter..
It’s not so much what you earn,butwhat youdo with what you earn
Redwing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
November 1, 2004 - 2:42 pm
Originally posted by Gramyre:
A race also has a finish line….a journey may not
______________________
I know I can, I know I can
Hey..Gramyre..
Maybe once the race is over…the journey begins [buz2]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
November 1, 2004 - 2:40 pm
Originally posted by Marc1:
I say, want to be a RE investor? Ask the people who make REAL MONEY in Re investing, seek a millionaire for good advice.
Want to make money in Network Marketing? Find someone who makes 50,000 a week in Network Marketing not someone who makes 50,000 a year by telling others to do what he does not do himself.
A very simple strategy if you ask me.
May God prosper you always.[biggrin]
Marc
What should we ask you about Marc1 [biggrin]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
November 1, 2004 - 11:52 am
Thanks guys some great responses..
[whip]Any others?
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
November 1, 2004 - 11:48 am
Dolf DeRoos is great at that..finding an IP then working out how best to use it..think outside the Square.
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
November 1, 2004 - 11:46 am
On behalf of everyone, thanks for the heads up Westan..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
October 31, 2004 - 11:42 am
Thats why i said not being ‘sarcy’ lukis..
a ‘search’ of this forum would reveal many answers to the questions asked (note- questions asked , but no details given by Lisa2..)
If however you posted some details (without stipulating locations) you would get some ‘detailed’ advice.
Lisa has taken the first step by joining the forum, however, by ‘searching’ the forum and locating bits and pieces of information, from the numerious posts you will begin to gain an insight into the hows and why’s and maybe the where’s..
realistically, the majority of people here won’t give you the location of any ‘Great” areas, some will..others..[biggrin]
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
October 31, 2004 - 10:18 am
22 reads and no answers..
some people i guess are happy to look but not assist, so..
What was your first investment
Seashells then an IP
blue]What are your investment goals
To achieve a ‘balance’ of investments across a broad range and achieve a reliable yet steady income that progressivelly increases. Looking forward to purchasing some shares again (with a little more knowledge gained lately) and awaiting the time to purchaseanother IP.
[What’s the best investment decision you ever made?
Reading Noel Whittakers books many years ago and then Jan Sommers.
[What’s the worst investment decision you ever made?
Not acting sooner and selling some IP’s, i’ve realised i’m a buy and hold kinda guy.
Whats the biggest investment risk you’ve ever taken and did it pay off?
Selling some stocks i had accumalted over time, sold for a profit of approx $3’500, bought a piece of Land from DOLA and sold it to Homeswest 3 months later for a profit of $15’000.00 after costs.
What advice would you give to an investor who is starting out?
Ask lots of questions, it’s suprising how many people out there are ‘into’ real estate and have a lot of knowledge..you may know someone without knowing it.
And dont get older without getting wiser.
Make haste slowly.
How do you react when things get rocky?
With confidence in not having ‘overstretched myself and having contingency funds.
What would you ‘never’ do with your money?
Buy a race horse, however in saying that, Lloyd Williams made 10,426% return on “Reset” the horse he sold for $20M in April (courtesy of BRW)
Where do you source most of your investment information/research?
The internet, magazines and fellow investors, sort it all apply what i’m comfortable with and discard the rest.
How do you feel about investing overseas?
Not comfortable at this stage in my journey
What % of your investing is
Property?
Shares?
Other?[/blue]
90% Property
10% Other
Gee i need some balance..

REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
October 31, 2004 - 9:58 am
Where have you been looking?
What price ranges have you come across?
What rentals?
Are you plugging the figures into a spreadsheet?
If it was easy everyone would be doing it..[rolleyesanim]
Not being sarcy..with the above comment, just you’d be suprised how often your question gets asked..
Saying that, research in any investment is paramount..
PS-I know ‘zilch’ about NSW
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
October 31, 2004 - 8:26 am
Originally posted by jess:
well said Richmond! totally agreeed!
On the other hand, I’d like to add something: “race” indicates you have to “beat your competitors” while “journey” implies more on self-dicovery and “experiencing enjoyment on the way”……but this leads to another question:
If you successfully purchased an investment property, it becomes under your control which in turn means I’ve lost an opportunity. Doesn’t this mean there’s a race going on???
Please enlighten me…
Thanks
Jess
Why have you ‘lost’ an opportunity Jess?
I think of my IP’s as gaining a growing investment and it’s growth enables me to enter other opportunities?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
October 31, 2004 - 4:11 am
I’d say post some figures..
I.e the rental on the property, satff wages etc etc etc etc..how many small businesses go bust?
I’d rather own the property and rent it to the shop owner, getting an income, tax breaks and Capital Growth..
what the heck do i know about ‘flippin burgers’?
Just my 2c..
Biz is a cut throat industry with long hours, especially in the food game..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
October 31, 2004 - 2:25 am
Options to invest-
Lowest income earner
Advantage-
Income taxed at lowest rate, minimising tax bill
Disadvantage-
This partner has total control over the couples investments.
Highest Income earner
Advantages-
Borrowing costs are tax deductible for investments, highest tax rate=highest deduction.
Disadvantages-
Income an CG taxed at Highest rate.
Total responsibility is with this spouse.
Purchasing in Trust
Advantages-
Protect assets from creditors in case of bankruptcy. Income can be distributed to beneficeries of trust at lowest rate-significent tax breaks.
Disadvantages-
Cannot distribute losses to beneficeries.
Any income not distributed is taxed at 47%
SMSF
Advantage-
Income and CG are taxed at max of 15%, if held for more than year, taxed at 10%.
If drawing pension, Income and CG are tax free within Fund.
Disadvantages-
SMSF not permitted to borrow for investment purposes. (restrictive. Access of investments is conditional.
Company Purchasing
Advantages-
Income taxed at 30%
Disadvantages-
Profits cannot be distributed o specific shareholders.
Losses cannot be distributed to shareholders, can only be offset against income of company.
Companies not eligible for 50% CGT discount after 12 months.
How did i go Julie?
Note- this is only my understanding, not an accountant.
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
October 31, 2004 - 2:09 am
ACN is a MLM phone company entering the Australian marketplace..
There was a post TELSTRA Vs ACN on this forum a couple of days ago..
I’d contact Geo from this forum if you were interested in finding out more, he’s very helpfull.

REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
October 31, 2004 - 2:04 am
Precise,
I’d ‘research’ those ‘remote’ towns also, check population and economic trends etc also..
Some inland places look great, then when you do a bit of research..
I prefer coastal..but thats just me..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
October 31, 2004 - 2:00 am
Originally posted by lukis p:
[blink]
look at mining towns I live in karratha and a 3×1 rents for 350-450+ for a duplex half!!!! mining towns with lager populations should be good earners. big wages= big rents.
hope this works as it is my first post.
Big ‘entry’ cost’s also Lukis..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
October 28, 2004 - 6:45 am
Thanks for your post Bryce and Marc1,
You both seem to have a lot to offer on the forum
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
October 28, 2004 - 2:49 am
Most businesses are re-sellers Rod.
The suzuki dealership down the road doesn’t make the cars..they just sell them.
Competition ,i think ,is good for the consumer (us)
Be interesting to see how they go…hope my phone bills go down [biggrin]TELSTRA
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
October 27, 2004 - 6:46 am
Have you looked at completing a Tax variation schedule to increase your take home pay from wages?
Check out the ATO site, form 15-15 from memory.
I’m a buy n hold person though, however if you have to sell, you have to sell..maybe try privately for investors..save on commision also.
Possibly list with some people offering that service on this site.
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator