Forum Replies Created
Tycoon u forgot Mcdonalds [jerry] also Hongkong sells more hamburgers than any other maccas store, now theres some trivia [specool]Realestate prices in Hong kong are beyond most peoples reach as is Japan.
If you want the rainbow youve got to put up with the rain!
Pisces ,
It does no harm to shake up the “Buyer Beware” every once in a while and now would be a good time since theres a expo happening, you never know ! you might have just saved someone from signing up for a 25 year headache.[whistle]If you want the rainbow youve got to put up with the rain!
Hi SIS ,
Seems to me your talking about putting multiple offers on properties and if accepted trying to flip them before they settle, risk being haveing to obtain finances for in some cases more than one property if not onsold before settlement?
Just a stab in the dark [baaa]If you want the rainbow youve got to put up with the rain!
[jerry] Cheers
If you want the rainbow youve got to put up with the rain!
I have missed the boat a bit for gero however i did purchase 2 properties there about 3 months ago, which have both settled and have one rented and pm still working on the other. Im not peticularly worried as at the time alot of investers had come in and bought alot and i mean alot of bottom end priced properties , hence the saturation of rental properties looking for tennants. However they have pretty much all been tennanted now so demand is creeping back in. I have also heard some good positive rumours regarding industry there. My stradigie is to purchase more positive cf properties to help finance my neg geared propertie and purchase another negitive geared ip in Perth so im not left sitting on the side lines as inflation and demand lifts housing in the city to new levels.Hope this makes sense Richo [strum]
regards Risky
If you want the rainbow youve got to put up with the rain!
Hi Richmond,
Plentiful no but many yes, although i got to admit i havent even looked into vic regional , sounds like they have gained to much appreciation for pos cf investers. I have only looked and researched WA regional such as Collie, Wagin, Esperance and Geraldton which has a good population. All these towns (Geraldton is a city)you can still buy properties for under $65000.But again there is considerable more risk in my opinion due to the lack of great cap gains.If you want the rainbow youve got to put up with the rain!
Hi Redwing,
My first ip was early 2003 paid $169000 for 3×1 in Mandurah (Falcon) renting for $155 pw just had valuation done on it for other ip purchases ,came in at $215000 .Bought it before i started learning about pos gearing although i am planning to build a second house on the block as its 1200 sqm and zoned right, Just waiting for the sewage to go through which is due im told in 2005/6.Regards Risky
If you want the rainbow youve got to put up with the rain!
You assume wrong richmond I am talking Australia and yes ive been able to find “many” cashflow properties in country towns.How ever you are right saying some of these are questionable for investing, actually some are very questionable but I have based my stradigie (theres that spell checker again ) on cash flow . So for me personally my main objective is to keep the ip tennanted, and if I get capital gains then that is a bonus.[cigar]
regards RiskyIf you want the rainbow youve got to put up with the rain!
I think country areas is the ideal opputunities for new investers to feel the waters without getting to burnt. Not only are there many positive cashflow properties available its a good training ground to learn how to complete all the areas involved with investing in real estate. The only downside that i have found with regional areas is the capital growth isnt as exciting as urban areas, although positive cashflow is more about cashflow than cap gains. So it also depends on the investers stratagie.( hmm need spell checker )
regards Risky
If you want the rainbow youve got to put up with the rain!
No im not buying there, i was just surfing around and came across this cheap house and was wondering if anyone had found a cheaper one . [:o)]
And if your interested in the Wattle scheme here is the link, and also another scheme known as the Ponzi scheme. [V]
http://www.fido.asic.gov.au/fido/fido.nsf/byheadline/Ponzi+schemes?openDocument
Hi Muppet good to see you helping members out with all the research and local knowledge you do and have of new zealand . I for one find it very helpful and hope to see you keep it coming as it is very much appreciated. [^]
Regards Risky
I have heard the government is trying to get trusts banned becuase of people like this who put all there money and assetts that they aquire in some what suspicious means into there assett protection trust. I know if i lent someone a lot of money and if his business went broke ,I would expect him to sell his assets to pay me back . Not just say sorry i cant pay you back even though my house is worth 3 million and my boat is 1 million but its mine to keep becuase of my trust account. [V]
While we are on the subject of thieves, i heard that thieves stole a womens handbag at the big day out show and when she got home they had robbed her house using the keys that were in her bag. So just beware that it may not stop with just your purse and cash . The law really has got to get harder on these @##$@## people.
Sell the lot except one, buy a dream house with no morgage then use the equity in the second inv house to buy lots of positive income producing investment properties to pay for your dream boat [^]
I thought I was wrong once, but I was mistaken !
Thanks so much for the replies everybody. Yes, the $5,300 was stolen from my unit.. I had it inside my sunglass case in my bedside draw.
I too put stuff that i want to hide in my bedside drawer thinking i wont get robbed but if i do itll be safe there, they wont think of looking there lol. [V]I mean lets face it the thief will probably look there first when you really think about it. Thanks for making me realize how stupid ive been and ill find a better hiding spot now. [^]
I thought I was wrong once, but I was mistaken !
My thoughts on it is As long as the person attending the seminar takes something home from the seminar enabling them to make money from that knowledge , makes its a win win deal for the person attending and the person giving the seminar.
I thought I was wrong once, but I was mistaken !
HI Ricky, I have recently heard a rumour that Woodside petroleoum are goin to put a refinery 20 min out of Geraldton, not sure whether its a rekindle of oakajee or not and not sure if the source is reliable. However im fairly confident that Geraldton is going to be the next boom city as its still pretty cheap for a coastal city. There is presently millions of dollars being spent on Gero such as the marina ,new south cooridoor, new hospital.Some of the cheaper housing areas are Spalding, Rangeway ,Karloo .However theres many nice streets and good investment opputunities in these areas, Geraldton has been so dormat for the last 20 years and only now people are realizing the potential that it holds. 12 Months ago was the ideal time to start buying into Geraldton ,theres been a lot of east coast investers buying a LOT of ips there the last year.
regards Risky
I thought I was wrong once, but I was mistaken !
WOW did you ever think about writing a book yourself capitalist ? i think you would be good at it [^]and great insights to the books, well done [^]
I thought I was wrong once, but I was mistaken !
So true Westan, being a millionair today is not as wealthy as a million 5 years ago.
I thought I was wrong once, but I was mistaken !
