Jo

Thanks a lot will check it out. Will have to organize a game one day.

Cheers Rick

[thumbsup2]

Monoploy

You no what you are right I cant spell. By the way love your forum name.
Let me tell you a story , when I was 8 years old I went to a party and all us Kids cousins 2nd cousins etc decided to play monoploy .I was the youngest and had never played before. Anyway to cut a long story short I won the game as was over the moon . I played with the hat . Still my favorate peice today. From that day on I would always play the game and would win most of the time. It just made sence . People ask me today how did I ever get into investing in property and I tell them I always loved to play monoploy . They laugh but it is the truth.The hole idea just makes sence.That is a great forum name

Any way back to forum you are right about drouin , but there is some tacky propert around there that you can get cheap do a quick lick and get about 7,8,9 % return

Cheers Rick

p.s that last post I put in I pushed the wrong botton and made a mistake I am useless with computers . Just bought my first one a couple of weeks ago.

Regonal yes do a bit of home work , Drowin has some if you look hard enough and it is still growing . Maybe look for places that have self contained units or bungalows that you can rent out seperately there are opps but you have to look hard and think a little diff.

Good Luck Cheers Rick[drummer]

Do both , one without the other wont get you any where long term.
If you buy investment property for ten years lower market for +cash flow then buy the time you sell to buy a home the profit will only pay for the increase in the expencive house. bottom line little to no gain.
If you buy to live in and you never invest because you think to much of your money is tied up, in ten years you will still have a large loan and only one property , sure it will be worth more but that is it.Bottom line little to no gain.
Be smart buy your dream home or = in price to. If you cant afford to live in it , rent it out , maybe look for a house with a fully self contained unit ,so you live in that or the house , rent the other part out so you free up money to invest.
Example a frind of mine always want a house on the beach the only way she could afford it was she bought a house that was a little larger than she wanted , she done a couple of mods e.g put a kitchen in put up a couple of walls to seperate part of the house then rented out a couple of rooms to students but it was copletly seperate from her living quaters . 7 years later when she was earning beter money paid a large part of the loan off, she reclaimed the rest of the house now she has her dream house that was partly paid for by other people. She would not have been able to do this without thinking a bit different.

There are so many ways , find one that suits you.
but as I said before do both.

Cheers Rick [drummer]

No problem mate [drummer]

Pat

If you need someone to help you through the project due to your health or your finding it hard to make ends meet with repayments . I dont know your situation but I persoally do projects with people in all sorts of situations .If you feel you may need support I would be willing to look into with you.I am in the middle of doing a project in frankston at the moment and I think it has a great future .

Cheers Rick

Sansue6

Go to the finance forum and look at a post I put in under HOW TO BORROW 2 MILLION . This will give you an idea of a situation I was in an what I did . it might be on the second or third page of the forum . Let me know what you think. If you need more answers let me know

Cheers Rick[drummer]