We bought an ex-[biggrin]housing commission home in VIC back in 1996. Been a great little cash cow ever since we moved out and rented her. Paid $32500 at auction and approx value now is $120 000. Been cashflow positive the whole time @ $120 p/w.

Never had a problem with tenants. Area is now quite sort after as it is in town and near…[Read more]

Hi guy’s,

My wife and I bought cashflow after attending a RK seminar in Sydney.

The game definatly has a great potential for learing. I’m in Canberra so I’ll be putting my name down on that list as well.

See you there[exhappy]

You will always miss 100% of the shots you don’t take!

Yep,

I subscribed to API last year. Invaluable reading[baaa]

You will always miss 100% of the shots you don’t take!

Thanks for the perk up guy’s, I needed it. It does not matter how well you are doing, at times the doubt monster creeps in and niggles at you. Talking on forums like this can realy pick you up.

Bigben, at 25 you sound like you are realy doing well. Kids or no kids. Remember though, all the money/property in the world is not worth the memories I…[Read more]

Those are fantastic figures yack and bigben and no doubt you are very happy with them, I would be.

But I love cashflow. I love knowing that every week someone is paying me. The thought of maybe making $100,000 in 10 years is quit appealing but that is too long a time for things to go wrong. You take the same risks I do with tenants and vacancy…[Read more]

Hi Mini,

Good to hear from you. Yes I follow most of your posts with interest because it seems we think along the same lines. Ok here is the rundown.

1. Purchased in 1997 as first own home.
(Was forced to look at bottom of market as I had a very young family and only one wage) 3br/1bth weatherboard ex housing commission.

2. Purchased at…[Read more]

Hi Bigben,

As a matter of a fact our 1st property has achieved quite a good capital gain over time. We purchased in 1996 for $32500 at auction. I estimate that based on current prices in town, house would now be worth
$80 000 – $90 000. Don’t know what that works out as a percentage but in my books its pretty good. House has not needed anything…[Read more]

Thanks for your responses so far,

It seems that most people so far have expressed the same concerns that I also feel.

I guess what it comes down to is this. Any PROFIT is good but a small profit with little margin for error can quickly turn into an EXPENCE or CASHFLOW DRAIN.

Unfortunatly I am still no where near making a decision on whether to…[Read more]

Please let me clarify.

I’m not interested in selling my current property. I’m only interested in buying more.

I’m just not sure a ROI of $600 is worth the trouble.

Any more comments would be helpful.[]

You will always miss 100% of the shots you don’t take!

quote:
Hi Aaron,
I am assistant manager on the delphi Motorhomes Australia site. I have previously travelled around Oz for a couple of years on a working holiday in a 37 foot Denning, and hubby and I plan now to have enough passive income from our investment properties so that we can retire within 5-7 years to hit the road permanently. Currently…

[Read more]

My mum did exactly what you have described and she said the biggest killer is all the extra expenses. Council inspection fees, surveyors, electricians ect. Also because you buy a cheap block in a rural town somewhere tradesman charge you a fortune to do the work. Just something to think about.

You will always miss 100% of the shots you don’t take!

Since no one else has responded I’ll give you my 2c worth.

What your asking is not realy our place to answer. There are risks involved with IP investing. It realy comes down to how much homework you have done and your financial position. The equity is great but a bank will want to know if you can service a loan or not.

On a more personal note I…[Read more]

quote:
Rich Dad poor Dad author is a liar and a cheat.
He cheated me out of the price of two of his books, which were being sold as fact.I don’t read fiction.And of cause the whole book is one giant fairy tale.When I was reading the first one, some bits just didn’t sound right.
When I realised this I destroyed the books.
I don’t read any authored…

[Read more]

Thanks for your reply doogs!!

You will always miss 100% of the shots you don’t take!

OK here is a site I came across that shows some information about populations for Victorian towns. Don’t know how accurate it is but it also shows some other valuable info. eg schools, hospitals and the distance from other major towns.
the info only dates from 1999-2001 so is also a little out of date.

Just put in your post code or town name and…[Read more]

Is that a phalic symble do you think?[?]

You will always miss 100% of the shots you don’t take!

You will always miss 100% of the shots you don’t take![]

You will always miss 100% of the shots you don’t take!

I think the question is whether or not there is someone who can manage the place for you? The numbers might stack up but if no one is close enough to manage the property then you could be in trouble.

Capital Gains or No capital gains is up to you. Positive Cashflow is not to be sneezed at because it helps service the loans for negative geared…[Read more]

Try this one for Victoria Only. Stats are from 2001 but still helpful. Gives other info like distance from other towns.

http://www.med.monash.edu.au/mrh/resources/echidna/index.html

You will always miss 100% of the shots you don’t take!

Units are not in Queensland in a regional town beginning with R are they?[]

You will always miss 100% of the shots you don’t take!