Forum Replies Created
Know what you meen CHAN$
sooner or later if you want to progress with IP’s you have to seriously look at + cash flow properties, granted you will mainly look at those with some ability for CG ( just makes the search harder, and, more fun )
or, wait for some CG in your current properties [
]REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Originally posted by kay henry:I want to be able to feel proud of my purchases- you want 1 picasso, or 1 million pro harts?
kay henry
[8D]Picasso just confuses me, i think he was ‘on’ something, Pro-Harts, i wouldn’t mind one seriously as an investment, it’s on my list..
Hi Kay and Chan$
[]Found the article in a library book – “residential real estate investing- a beginers guide” by Clifton Thornton
Just thought i’d throw it up as a debateable topic[}
]Me i see the value in both forms of gearing ( nuetral gearing being just a transitional and tempory phase )
But with + geared properties i’d agree, your due diligence would be paramount, i’d purchase in a place with ‘some’ hope of CG and a improving population, as i’ve been through some small towns with many empty houses.
CHAN$
My thoughts too.. the point of negative gearing is the benefit of recieving the tax portion back etc, no depreciation or tax benefits included in this *example*
I’m actually starting my second read of Steve’s book and waiting for my upcoming 5 days off, got some properties to visit !![
]REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Hmmmmmmmmmmmmmmmmm……… I was under the impresion ( maybe mistaken ? ) that a de-facto relationship was classified as 6 months + of dwelling together in a relationship scenario.
Also if it came to the division of assets it was worked out on a pro-rata type basis of what was put into the deal ( here it gets tricky, as the non-working partner can show ‘value’ in housework, cooking, cleaning, even emotional support.. but the laws not a fool ( well..not always ) and if it’s evidenced that you’re supporting a free loader who wants part of what you’ve worked hard for, they wouldn’t get much..
However, start your savings now.. we’re all humans and need only the basics of – food, shelter and clothing[
]Go to your local library and take out some books.. Richest man in Babylon is a classic and in a very easy to read format
The journey of a thousand miles begins with a single step.. most of us try to do it a bit tougher now to enjoy the fruits of our labour later..
S.I.S
Thanks for a bit of background on yourself, and great to see you’re doing well
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Originally posted by Terryw:Who cares about an 11sec solution when you have tripled the value in 8 months! Welldone.
Terryw
Discover Home Loans
North Sydney
[email protected][
]True words Terry.. there are many alternativesCONGRATULATIONS MARTINE
“Money is a currency, like electricity and it requires momentum to make it Effective”
Congratulations, what others would’ve seen as a problem you’ve seen as a potential for gains..[^]
For interest sake, what costings were involved, and how have you done out of the deal ?
do you plan to sell ?
or keep as an IP ??Wish you well on your next ‘reno-rescue’ [
]REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Hi Kay..
Working Nights at the moment..log on every now and again to check up and ‘learn’ something new, nights also nice and quiet, gives me research time etc.. inbetween duties [
]Anyway..Good morning [8D]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
]
]
]
