Forum Replies Created
When yo get booked by the Police is it called a Fine ?
Should be called an Upsetting ?Why?
OK that’s enough, i’m doing the Chan Chan ( ha ha ha )
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Credit Cards i believe can be an invaluable investing tool, but they’re just a tool, use them as such..wisely [buz2]
LOC with Bad usage of CC can get you in trouble, used wiselly they ‘speed’ up your debt repayment [thumbsupanim]
If you cant use wisely..give them the chop! [medieval]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
RugbyFan..
I visited Collie many many months back, and you’re spot on !
The real estate agent in town cottoned onto + geared IP’s and even started advertising as such, prices started creeping up, locals ( tenants ) even selling and buying in another area ( new ) of town..
No work in the area for the youth, a local i spoke to was selling due to increased prices and moving out so his daughter could find a job..
agree with Steve re: spending time talking to the locals..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
I have same problem at home re Neighbours, resulting in a smaller 2nd Tv in the bedroom [biggrin]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Why is dictionary in the dictionary, if you have to look for it in there, you know what a dictionary is !!
Why ?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Also check.. we have a Landlords Advisory service in WA, you may have similiar ??
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Breakingout..
Are these managed complex’s ?? as i see these types as being a cash-cow retirement fund for the developers/on-site caretakers who set themselves up to run the IP’s for you, plus costs etc, they clean, manage, organise tenants, repairs etc ..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
All that said..
I have a friend who purchases only units/apartments and has 8 so far his partner has 3 and they manage and source tenants themselves.
These properties are usually cheaper than houses ( due to land content ), he says easier to rent, no gardening problems etc..
Ultimately, it’s what best suits you..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
I enjoyed Margaret Lomas’s book ‘how to Maximise your property portfolio’
“How to Maximise Your Property Portfolio!”
Building on the amazing success of her earlier books How to Make Your Money Last as Long as You Do and How to Create and Income for Life, best selling author Margaret Lomas is back to answer all her readers frequently asked questions.
In How to Maximise Your Property Portfolio Margaret explains to new and experienced investors how to manage and profit from a positive cash flow property portfolio. Her approach to investment can provide investors with an income from day one without the usual risks associated with negative gearing.
Written in her trademark easy-to-read engaging style, Margaret shares her commonsense financial wisdom, covering topics such as:
How the type of Property you invest in can affect returns
The issues to consider when shopping for property
Whether cash flow will continue and for how long
How to maximise each investment through optimal purchasing structures and tax benifits
Capital gain and cash flow
Choosing the best way to manage your property.
Margaret Lomas – one of Australia’s foremost property investment authors – claims that with a combination of commonsense, hard work and patience you can ensure you have an income for life. Her low-risk techniques have allowed her and her husband to build thier own extensive, profitable property portfolio. How to Maximise Your Property Portfolio wll show you how.I even went and saw one of Margarets Financial Advisers ( Tier 2 F/Adviser- Property ) not an overall Financial Adviser, the initial cost was approx $2700,to review your affairs etc, for me i’d want to recoup that loss ‘plus’ reasonably quickly. In an older post here someone added a link to some of Margarets Properties, mainly Apartments or retirement villages from my recollection..not my cup of tea
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Just a note re IQ test’s, my Father used to do a few of them with his work..he stated that IQ test’s just make you better at taking IQ test’s [biggrin] his score kept getting better ..[blink]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Hi L.E
[party]was only joking [biggrin]
Setting up and sourcing good deals in Country areas…
Easiest answer is to put yourself in the other persons shoes, if you lived in a country area, how would you sell, why etc ??
Answer this and you’ll answer a lot of your questions..i.e would you reply to a letter drop from a R/E agent or a private party ? or just chuck it in the bin..??
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Nathan
Agree with Derek and Zeffix, like i said, depreciation is still to be considered, go to your accountant armed with as much info as you can, i’m still learning as i go along and always will be..[biggrin]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Ha ha
I went Choc on Choc too
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Tinkerbell,
Speak to Bear1964 or Westan and make sure you have appropriate spotters paperwork to cover yourself.
+ geared IP’s abound, but the devils in the detail [biggrin]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
How about your depreciation Nathan, have you factored that in ??
The etc.. could be a lot…Derek has just sent me a itemised list.The devils in the detail as they say, hard to guesstimate..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Scullie
use Steve’s Cash On Cash Return calculator, and plug in your property figures..easy, Cheesy, Japanesie..[buz2]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Just goes to show, growth has occured in a lot of areas over the last 2 yrs, and that a lot of people, particularly the elderly, do not know the true value of thier homes..
Tip– *nsduegrtf#@ should be cheaper as *&nsgdu the YThguisim &6%^@
Secret Squirrel[fear]
“Money is a currency, like electricity and it requires momentum to make it Effective”
DV8 [blink]
Remember, you may not be experiencing Huge capital growth, but, what with your country IP’s being + geared you should be repaying your loan quicker , plus your contributions etc..
Thereby achieving Eqyuity m8, this..will help you in achieving a strong base for further acquisitions, with a mixture of – and + geared IP’s you should achieve a strong balance, granted you’ll hit a time when you may have to slow down and re-avalueate, look at Brenda Irwins story, she took stock of portfolio and sold of the poorer performing assets and continued on..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Originally posted by holdencommodore:Chan, I see your point, but taking into account that inflation compounds at say 3%p.a, in 18 months time, the property will have needed to have gone up by about 4.5% from now just for me to be in the same position. Taking into account the stage of the property cycle we are in, I dont think peoperties will appreciate by the 20%, maybe the 4.5%-5% (so Im in the same position as I am now anyway, less 18months of +CF), but further still, it looks like the real price of property will go down marginally.
Just my thoughts, but feel free to let me know what you think!(“,) $$$ HoLdEnCoMmOdOrE $$$ (“,)
HC or HSV
Don’t forget you are putting down only a percentage of the asking price ( your deposit ) you also have three people paying your IP off, the Taxman, you and the tenant..
You know leaving the money in the bank on a savings account is a ‘waste’, have a look at Dolf Deroos book..
and then ask why property..
REDWING“Money is a currency, like electricity and it requires momentum to make it Effective”
Russ PM me regarding + geared IP’s in WA and what you are offering..
REDWING[biggrin]
“Money is a currency, like electricity and it requires momentum to make it Effective”
