Forum Replies Created
Probally the same in a lot of areas delsye, in my local area two properties i know of have dropped $10K, one has since sold the other is still on the market, and yes, more propereties seem to be on the market of late, seems to be ‘that’ phase of the cycle and the wheel is turning.
Some great ideas above by others, all the best [thumbsupanim]
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 had the chance to start over again, knowing what you know now, what would you do differently the second time around?
What Advice can you disperse ?
Do The SUMS..
The condition and location of your Investment properties is of major importance, however, more so is the Mathematics of the Deal !
The saying “you make your money when you purchase” is never truer than in times of low Capital Growth. Look at the deal as a business purchase.
Use Steve’s Cash on Cash Return Calculator ( CoCR ) or access JAFFASOFTS calculator on the link at the bottom of my Post.
A Motivated Seller can secure you a better deal...
If the seller is NOT motivated, then no matter what the condition or the location of the property you still are not going to get a great deal.
If you find a motivated seller, then you have a greater chance of a profit no matter what the condition or location.
Wealth = Assets + Time..
A no Brainer, considering the rapid escaltion of property prices over the last 2 years or so in Australia.. If you bought well, you would have experienced Great Capital Growth.
They say Property doubles in Value every 10-12 years ( Peter Spann mentioned that if you had 10 IP’s valued at $100 000 and even if you owed $90 000 on each loan, 10 years later you would have doubled your value, pay remainder of your loan and walk away a Millionaire )..
Hmmmm 18 reads of this Post and not 1 posting ??
Next 3 soon
REDWING
Protect Your Investment
Invest in a home inspection if you are purchasing a home or considering a major home improvement project. Choose a reputable inspector who is appropriately licensed and insured.
Recognize that regular, proactive maintenance adds years to the life of your home. It can also help you avoid damage to the irreplaceable family treasures within your home.
Keep good records of maintenance and repair work on your PPOR and IP’s. Retain copies of all manufacturer and builder warranties.
Use only licensed and insured contractors for repair work you cannot perform. Obtain references from sources you trust.
A wide variety of protective devices are available for cabinets, drawers, stairs, windows and electrical outlets for homes with children.
Protect your homes with safety products such as fire extinguishers and alarm systems. Warning Systems can be designed to detect intruders, smoke, carbon monoxide, freezing temperatures inside the home, and unwanted moisture.REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorCarlover..
Experience..Yes, lot’s when you get home in the early hours of the morning and it’s INFOMERCIAL hour, the same info repeated many different ways, i know all about Chuck Norris’s all in one gym, Danoz’s products, Victoria Principals make – up products… better than Valium [thumbsupanim]
Some good ideas in his book..have a look [biggrin]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorWhy not buy the Wrap pack.. and get ALL the answers ??
REDWING[biggrin]
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI know Property prices *shot* upwards after the overthrow of Nicolae Ceausescu President now is Ion Iliescu!
From what i’ve heard a fair bit of Oil found in Romania some years back, and the resorts/ casinos on the edge of the Black sea were very busy..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorTycoon..
Factor in loan application and associated costs and loan discharge costs etc.. plus CGT, and the IP held for under a year..seems to be an expensive exersize my friend….
Do yourself a Favour, read Peter Spanns Book “Wealth Magic”,or Steve MacKnights book- maybe you’ll see other ways of building your wealth [king]
“Crunch” the numbers and go with whats right ‘for you’ …
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorCool thanks for the Tip Derek[grad]
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorGEO
With ALL your postings you’ve probally *Buried* the original post..
[lmao][lmao][lmao]
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorHot Property huh Monoply..WOW !
Hmmmm Usually seems to be the case with tenants ‘once a bad payer always a bad payer’
We have a tenant continually late, on the + side he keeps the Unit in *Immaculate* condition, like a showroom..he’s just a typical young guy, i was like that once, hang on , ok i’m still like that !REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorAhhhhhhhhh
Where’s Bec when you need her see.[baaa]
Afloat,
Presume any legal arguments would have to be taken up in the UK ?
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorAgree Jo..POSITIVE is a state of mind also [biggrin]
Remembere when buying IP’s if you put enough deposit in you can make any deal Positively geared…
You have to balance the Factors of Growth, Income and Risk into each IP, and evaluate the better deals…….
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorPay your Bills first, Invest whats left over…I’m sure you’d be paying interest on any amounts outstanding.
If you can afford your 10%-20% deposit, or fund next IP from Equity in IP 1 Or PPOR, you should be fine.
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorHAVE TO SAY-
TOLD YOU SO CHANCHAN$[strum]
congratulations… TOP OF THE POPS for Members
MY PICK IS MELBEAR too – A WEALTH OF INFORMATION !![thumbsupanim]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator[agro3]
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[bomb]
[drummer]
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[whip]*crack*!!
A Property Investing Forum Get together“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorHi Tracey…
Long time no hear…
How are things going and where have you been ??
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorBuy the book Heath..[grad]
Lot’s of good information in there..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorWhere is the land..Rural ? City ? why not develop the land and put an income producing IP on it, you then have the savings of your land component plus replacement cost of your new Property..or 2 depending on land size, heck if big enough, subdivide and sell a portion..
Possibilities………………………….>
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorSiS..Off Investing or checking out an area my Bet$
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorRory has a few Books Out..
*Thinking*
Taxed to Death and
How i sold 22 houses in one day.. [biggrin]
Think thats right, Believe Rory works onb the -Gearing principle and was similiar to Jan Sommers first book, he’s been around Scarborough for ages..
How was the seminar ??
What did you learn..?
REDWING“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator[confused2][confused2][confused2]
Sooshies Patients..*wacked* on to much pethodine ; )“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
