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  • Profile photo of RipstarRipstar
    Member
    @ripstar
    Join Date: 2005
    Post Count: 3

    Thanks guys for the feedback.

    yeah good pick up esshole, i said ‘valued’ at $82500 but i should have said ‘priced’ at that figure. so i have no real idea of the ‘value’ of the property, and i am just basing it on the numbers. by my calculations it works out to be approx $100 CF+ per month (after management fees ect are deducted). my only worry is the tenant has a periodic lease and id prefer a longer term than the current month by month arrangement.

    thanks woodsman regards MB tip. i have a friend who is a MB and he has been helping me with finance/structure. i will see if he can organise valuation soon.

    i will let you know how i go with valuation and all. ill know soon if i got a good deal on price.

    Profile photo of RipstarRipstar
    Member
    @ripstar
    Join Date: 2005
    Post Count: 3
    Originally posted by Robert B:

    Your BRAIN is your greatest asset. You can still make money if you don’t have a job – eg: self employed, invent something, etc.

    well said!

    as long as you have the ability to think, to learn, then you are bound by nothing. losing your job (as asset i believe it is not… j.o.b. = just over broke?) ‘could’ just be the best thing that ever happens to you. i know thats how it was for my family. also, the founder of Aussie Home Loans has done alright since losing his job.

    adding to Rob B’s point of view… “your mind creates your reality”.

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