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  • Profile photo of RickHyRickHy
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    @rickhy
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    January 26, 2004 - 12:01 am

    Mike,
    I live in Geelong, well bellarine Pen…. Geelong prices over the last few years have increased greatly and to be honest I think you would be doing well to find a CF+ in Geelong. There always seems to be at least 2 pages under “to let”in the weekend papers.
    Any investment down this way I believe would be for cap growth rather than rent returns and pos CF.
    I have bought 2 places in ocean grove over the last 3 years. 1 cost $130K now worth $250K and second one cost $280k (to build) now worth $500K plus. Good CG but the returns are very average.

    Profile photo of RickHyRickHy
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    @rickhy
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    January 25, 2004 - 12:01 am

    One of the places was a hotel apartment in the heart of Melbourne CBD. The building was leased long term. The lease holder pays all body corp, council rate. The return was $10150 p/a (nett). Property for sale at $120K.
    Net return is about $195 p/w …… any thoughts. I have found a few like this in melbourne and Brisbane

    Profile photo of RickHyRickHy
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    @rickhy
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    November 3, 2003 - 3:36 am

    Hi Propertylogist,
    You misread what I wrote, long term rental $300 p/w (not $200 as you said) and the other option of holiday rental of $200 per NIGHT. Figures from developer anticipate 65% occ if you choose to have a 3 mth holiday block for your own use.

    Profile photo of RickHyRickHy
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    September 29, 2003 - 3:30 am

    Hi Clancy,

    There are a number of ways to approach property investing.
    My personel view is that depending on where you at in life depends on which way I would approach it. Personelly while I am employed and paying lage sums of tax I dont want to pay any more. I would try to look for high growth properties and negitively gearing them to gain some tax advantages. Or as another option a mix of high growth -ve geared properties with some +ve cash flows to try and come out neutral.
    High grow ,building assets while working and when retirement comes move out of the property market or look for +ve cashflow to gain passive income in later years.

    Rick
    [email protected]

    quote:

    Just purchased purchased Steves book tonight.Are these cash positive properties still available in Victoria although we are in a significant boomtime.

    Profile photo of RickHyRickHy
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    @rickhy
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    September 12, 2003 - 9:16 am

    Hi all,
    I have read “the book”…. who cares if it is 100% or made up. It is a real eye opener and make you think outside the square. I beleive you listen to as much as you can, books, speaches,seminars Jimmy the dole bludger…everyone has something to add. YOU draw your own conclusions on what YOU want to act on. To disregard someones thoughts without due cause is a little silly. NEARLY everyone has some info that will help you achieve your goals. Prior to reading RK and Jan Sommers ect I wouldnt have taken the first step. I now work (in my own time) to help others to a long and secure future though property investing
    Rick
    Investment Partners Australia Limited
    [email protected]

    Profile photo of RickHyRickHy
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    September 12, 2003 - 9:02 am

    Hi Soleil,
    I suggust you seek advice from people in the know. Financial planners will only offer products from financial institutions and very rarely recomend direct property investment. They will most likely say to get into margin lending or gearing to purchase shares. Only problem is banks will not lend you anywhere near the $$ to invest in shares and most banks will restrict you to blue chips (lower risk with banks money).
    I am the same age as you with similar income and similar stratgies to lower tax through high growth investing. I am primarliy looking at neg gearing to reduce tax, grow assets while protecting what I already have. If this sounds like the track you want to head down email me
    at [email protected]

    Rick
    Investment Partners Australia Limited
    [email protected]
    [:)]

    Profile photo of RickHyRickHy
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    September 12, 2003 - 8:49 am

    Hi all,
    I must admit I too take the majority view the negative gearing has its place. Not everyone has the viewpoint that a good investment must soley produce income from day one. Do the best shares pay the highest dividend ? …no, not all of them. Same in property. The best property doesnt have to be positive cash flow. Everyone has their own stratagy and goals. To write off one or the other as no good is not smart investing…. horses for courses ….

    Profile photo of RickHyRickHy
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    August 24, 2003 - 3:04 am

    Bernadet,
    The equity you have built up in your own home is a good starting point. But alot more information would be needed to assess what can be done in your position.
    I work for Investment Partners Australia Limited. We offer a free service which can assess your financial position and Investment capacity as well as reseaches to locate high growth properties.
    If you wish to email me at [email protected] we can go through your situation in more detail.

    Rick
    [email protected]

    Profile photo of RickHyRickHy
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    August 3, 2003 - 1:34 am

    Sooshie,

    Yep alway reseach first …no matter who they are. This company only deal in new properties in VIC QLD NSW. They get their money from the developer as a marketing fee.
    They dont charge the purchaser for the complete service and also provide a 7 yr follow up and advice service.
    They are running a seminar at their melbourne office on Wed 6 Aug at 7pm. FREE

    Profile photo of RickHyRickHy
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    June 6, 2003 - 7:59 am

    Terry,
    This is what our finance guy has just set up for us from what I understand of what you wrote. The idea being as you said to pay out home loan ASAP.
    The examples shown and the details he ran through all made good sence….see how reality goes hey !

    Profile photo of RickHyRickHy
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    May 20, 2003 - 9:01 am

    Quentin,
    Yes it is a townhouse right on top of the world nice flat plot of land with good views…and access to 4 pools, 2 gyms, spa,sauna, shops and common recreation grounds and club house. The displays looks well constructed and the first stage is fully tenanted. Looks good hope it all goes good ![8D]

    Profile photo of RickHyRickHy
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    May 16, 2003 - 2:07 am

    Thanks for your input guys.
    I have looked into things further and done the inspections ect.
    We have put down the $$$ on a 3 br plus study, 3 bathroom split level property on Coomera. It is in a security complex with 4 pools,shops, 2 gyms ect.Projected rental is between $270-$310p/w. Body corp of $34 p/w and on site managers rates 7.5%….this is our first one…hoping their are more to come.

    Profile photo of RickHyRickHy
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    May 11, 2003 - 9:58 am

    BC rate of $36 p/w and rates of approx $1200 p/a.
    My worry was the price….does it seem on the mark or a little high ??

    quote:

    Check out the on site management costs – they will probably kill this deal.


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