Do you remember Chan$ doing the Chan-Chan a while back, and he was posting that ‘fast’ the pop up window telling him to wait 60seconds was coming up on his post’s…ROFLMAO when i saw that
[][][][][:p]
REDWING
It’s a good break visiting the forum frolic section..
“Money is a currency, like electricity and it requires momentum to make it Effective”
*That sweet little girl with the baby that you rented to, will start dating the mad motorcycle man from hell, … and several of his friends, … the very next week.
*Tenants have at least one relative get sick or die per month, so … they will just have to pay you later.
*If a tenant attempts to replace the washer in a faucet, plan on replacing the faucet; perhaps all the plumbing in the building.
*Prospective tenants who make an appointment to see your rental across town, often get kidnapped on the way there… so there was just no way they could call you.
*Tenants only lock themselves out in the middle of the night… or on Christmas.
*When a furnace breaks in mid-winter, it is always the heat exchanger.
*At least one tenant’s check will be “lost in the mail” every month.
*Every lost pet will find its way to your rental.
The hardware store closes five minutes before you get there.
*A tenant’s ability to see dirt and damage is much greater when the move in than when they move out.
*your best tenants always get job transfers during the worst rental markets.
*Everything in your rentals will break 100 times faster than in your own home.
*The insurance inspector always shows up to take photos of the building as you are putting the evicted tenant’s possessions on the curb.
*Tenants always swear under oath that the window was broken when they moved in.
*When a tenant calls and says, “Hi, how are you?” something is drastically wrong.
*If it exists, your tenant will try to flush it down the toilet.
*If you have any questions about anything, ask your tenants.
*If it is pouring rain, you can be sure the windows are open at one or more at your units.
*Proper disposal of chewing gum is in the carpet
[]ENJOYED them Kay.. how many ‘ring’ true ??
REDWINGLOL
“Money is a currency, like electricity and it requires momentum to make it Effective”
Hope you take Mel up on her offer, she’s a wealth of knowledge..
I no nothing about HK apart from what i’ve read in the paper and corrosponding with others, i admire Mel for the fact that even though she’s suffered the financial losses also ,she’s taken the ‘greater-good’ learned out of the courses etc.. and applied them.
From what i understand, there was a lot of great information contained within the context of some of HK’s teachings.. and i feel sorry for anyone who suffered a loss, especially those near the end of thier earning capacity years..
Wish you all the best in your endeavours
PS- see posts in opinionated re HK
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
It’s my belief that – gearing will not help you, as the child support is based on ‘gross earnings’, however , remember, + gearing, in your partners name will *increase* his gross income..[V]
I also ‘don’t’ believe that your income can be counted towards his financial commitments to Child support.
makes it hard, when you have a child yourself, and have to take time off work and you still have to pay the support doesn’t it..
There was another thread about this some weeks back, if your husband and his EX get along ok, maybe they can strike an ammicable ‘agreement’ re child support, as i believe you can have such an agreement without going through the Childrens Support system
Other than that, maybe a family trust structure or such is the way to go regarding investments, as income can be defered to you, especially if your doing the books etc etc and not working full time
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
I’d alway’s liked the axiom “don’t wait to buy real estate, buy real estate and wait”
Yack, i look at real estate doubling in 10-12 yrs, bought my first IP in 1990 and regret selling it 8 yrs later, knowing what i know now i could’ve and should’ve kept it, and the next…
I’m glad i fixed my rates a while back as this suits my comfort zone. IP’s have achieved nice CG as has PPOR, i believe there’s still some bargains in my parts of the woods, and look forward to the next purchase, trying to obtain the best mixture of Capital Growth, Risk and Cash Flow that i can..
My belief, is that there are still some good buys out there, areas that haven’t realised there potential yet, things may stay flat in some areas, yet in other areas depending on what projects are underway great growth may still be coming, no crystal balls so can just give an educated guess..
[^]REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
I’m always looking at different properties, my – geared properties now achieving nuetral to positive gearing.
If i purchase rural propertiy achieving + cash flow i’ll only do so with a potential of some CG in the future, and have put some time into looking at areas of consistent ( albiet in some areas,slow) population growth over the last few years. In areas such as these i want a reasonable tenant base.
The doubt really is at this stage which will achieve a better return over the short term..
The properties in the larger area are cheap compared to nearby and larger blocks, however purchasing here will negate any further investment oppurtunities in the short term ( as i believe i will be near my loan serviceability limit, and probally my own safety limit ) the options here however would be to develop the site ( sub-divide and sell a portion- putting me back in contention, or sub-divide and use a contact in the industry who will build and sell for a portion of the realised profit )
An option i thought was possibly buy the cheaper property in a smaller area, possibly with the extra cash flow my serviceability would not be damaged and i could again purchase the property in a larger area..Eating my cake now[]
All just ideas that i’m tossing around at the moment.. i have 5 days off soon and will visit both areas, getting a better idea of the regions, i’ll also be visiting R/E agents here..
I feel i have to get the momentum happening again, have spoken to my broker, know my limits etc..
Oh.. not interested in the selling option, prefer buy ‘n’ hold
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
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