Forum Replies Created
You should speak to an agent specialising in immigration into Australia….I know that sounds obvious but get the info from the right source is my advice.
Uncertain here.
Everything I have read in the past month has had a negative slant on property investing. Opinions seem to be first option is cash in the bank, second option blue chip shares and third is property.
Thanks Marc….I sure don't want to do anything illegal. What you've said sounds right, but will talk to the accountant as you suggested.
Hi Cyclist,
Like you, I read Steve's views and the same question came to my mind. Furthermore, your view on marginal might differ from mine.
Your example I would see as not being marginal.
Hi Marg,
Yeah…if I carry on like I have been , I definitely will still be asking the same questions 5 years from now.
When you say absorb up front costs……you mean don't use equity to fund buying costs?
Thanks for your response Marg.
Richard.
Hi Badgers,
Thanks for your views and very sound ones at that!
I think you're right about outlining the worst case scenario and deciding if you could weather that storm……so to speak.
Thanks again for your advice and taking the time to respond.Richard.
Hi v8ghia and Pendo,
Man! I am so amazed at the response from people like yoursleves who actually take the time and trouble to reply to someone like myself who is in a way "whinging" about not knowing what to do!!
All I can say is thank you for expressing an opinion on my state of mind and situation. I have since taken a vow that once I become a "competitor" I am going to to do my utmost in this forum to offer advice and guidance to anyone else who is starting out on the "IP" thing!
Hey Pendo! I fell of the chair at your comment about using a friggin helicopter! Bugger climbing! LOL! News agencies as far as I know are a lot of real hard work and loooooooong hours. I looked at it a few years ago, but when I got into the nitty gritty of it…..I was not that keen.
I will take your advice about firstly finding an accountant who knows what they are doing when it comes to IP's. I have started asking around but I'm amazed at "blank" responses I get! Maybe I'm asking the wrong people!!!
Thanks for your advice Pendo.
Hi v8ghia……I feel pretty comfortable with "starting small" and maybe not using the helicopter! ( with all respect to Pendo). No I haven't got any goals written down and after your question……I will be doing just that! I like the approach of nothing over 300k for a first time round, especially during the current market conditions and a very uncertain future.
I have a theoretical understanding of PI and the financial side of things ( definitely no guru here!)…..enough I think to ask the right questions. I was seriously thinking of an opportunity that would involve a major reno but after your thoughts….maybe not as a first timer.
Well….back to the drawing board and these reponses have given me renewed vigour! Thank you very much!
Richard.
Hi Lostie,
Thanks for your response. I think I'm exactly as you described yourself at one stage….."a serial spectator/researcher"…..LOL! You're right about setting some goals but the goals have to be set around a strategy and I'm confused about choosing or deciding on a strategy!!! Sorry state to be in isn't it!! LOL!
Everytime I get to deciding on a strategy, the mind starts this …"but what if." game! Confusion/frustration etc sets in and I get up and walk away from it all for a day or two.
I know my time is NOW…I'm just trying to figure where to "shoot the arrow'' so to speak!
Think I have to just take the plunge as you did and learn to swim. Thanks for the advice and yes, I will let you know how I go when I become a competitor! Thanks again Lotsie for the support and ecncouragement.
Richard
Hi again Karen,
Hey! 'That's not bad at all with 3IP's in the UK and 2 in Aus!
International investing must take some courage and knowledge…well done!!
Richard.
Hi Kaz/Karen,
Thanks for responding…..really appreciate your encouragement. It's kind of reassuring that I'm not the only one who goes through several stages of "fright" !!!
Here's hoping you do….and are doing really well…. and you're right about always having this forum to come to for advice and support.
Thanks again.
Richard
Hey Merryc!
Scary stuff this is!
I wonder what %age of the population would actually score a positive of any sort on this anaysis?? What you reckon? 2%…maybe?
Hi Maddog,
I managed to survive until ….yep you guessed…until today!
