Huge capital gains.But how does that put money in your pocket each week when you retire.You have to sell a property to get the gain.Then you pay a shitload of tax.Then you have to invest that money somewhere to give you instant access so you have a weekly wage.
I still think the idea sucks.
Russ.

How do you get an income off the negative geared invetments when you retire.In WA the rents are a lot lower on an expensive house than they are in the east.
You could own a $300 000 house and still only get 2-250p/w at best.
If you own a $150 000 house you get about $150 p/w.
Yet if you have a $50 000 house you get about $100 p/w.
So it makes…[Read more]

Ok my figures are a bit wishy washy but it is the point i,m trying to make that is important in my view.
If you own one house at $150 000 and rent it out at $150 p/w you have $7800 p/a to live off in retirement.
Now if you take that $150 000 and invest it in 10 +CF properties using other peoples money(bank loan)you have a possible return of $50…[Read more]

A combination of (buy and hold) and then (buy and sell).
When purchasing keep the ones that are the most lucrative.
Fix up the cheapies and then sell for good profit to enable larger cashflow for more buy and holds.
The trick is to have a lot of property returning you an income when you choose to retire.
In my view you are better to have 100 cheap…[Read more]

Is it a holiday unit or a house?
You wouldnt go to too much expense with just a long term rental.However if it is a daily rental then you will get more $$$ if it is fully self contained.
Russ.

Good luck Lozza.
You definately have the right idea.I like to write a list each morning of the important things that I have got to do.I then do each thing and cross it off the list.Before I started with this strategy I used wander around do a bit here and there but never actually get anything finished.
I find I am achieving more now by listing…[Read more]

[king]I like this one.I,m a Leo and like to smile and be happy.[king]
Russ

We watch the way our children live their lives and shake our head at times.They dont have any goals and blow all their money as soon as they get it.Then when they get in the poo they come running home .
One day they will grow and realise that goals give them purpose in life.If you dont have goals you dont have direction.
My youngest boy always…[Read more]

Its good to see the guy get something.Dont happen too often.

Stars dont bother me.Some people only post to get stars.Strange I think.I,m here because i,m genuinely interested in making money via positive cashflow real estate.The stars do have some relationship as to how devoted someone is to the forum but that doesnt mean they know a lot.But then it doesnt really matter how much you know because in my short…[Read more]

A lot of what you do is dependant on your age.
If you are young and earning top dollars you can afford to go the -ve way and build up heaps of gain over the years.
But if you are getting a bit older then it pays to go for +cf so you can enjoy the benefits straight away.
The older you get the less risk you should take.
If you dont have much money…[Read more]

In WA you only have an obligation once you have been introduced to the property.If no one has shown you onto the property then go with the one you feel most comfortable with.
Russ.

Kay Henry.
I do what the book says because it makes sense.Thats what learning is all about.If a principal makes sense then apply the principal.
I cant keep borrowing from the bank when I dont have a job.So therefore I look at ways of being creative.I ask myself the question.”This is a good deal but you cant borrow anymore,are you going to pass it…[Read more]

Well done Di.Good on ya.Thats what I like to see a successful +CF investor.Keep up the good work.I,ll see ya at the top.
Russ.

Kay Henry.
Just why I do these things.So many people wouldnt ask family,friends,strangers etc.And that is why most people dont get anywhere in life.They are tooo afraid to get out of the comfort zone and do something different.Well not me.Since reading Steves book I have a whole new outlook on life.And on my journey to the top I want to help as…[Read more]

Kay Henry,
I read a lot and find what I read very interesting.I wouldnt be here on this forum if it wasnt for reading Steves book to start with.
What interests me is the fact that so many people read a book but never actually try any of the things in the book.
Personally I cant see the point in reading a book if you dont learn something from…[Read more]

In hindsight I think that the heading was a bit strong for the situation.It was an eye opener for me and the more I thought about it after writing the post the more I realised that this lady needed help.Funny thing is she seemed quite with it when I spoke to her.So not exactly sure about her condition (medical,mental,physical.)
Thing is I only…[Read more]

I feel very deeply about what I write on these forums.I also feel deeply for people who are less fortunate than myself.That is one of the reasons I spend so much time on this forum in the hope that I may be able to cheer someone up or help someone in some sort of way.
I do not profess to be a proffessional adviser and people have the right to…[Read more]

Can I write anything without you attacking it Monopoly.
I have enjoyed this forum and made lots of friends but when people like you get on here and have nothing better to do that attack others then I think it may be time to give it a rest.
I know a lot of people enjoy my posts as I get mail daily.
Russ.[angry2]

Some people dont like books.But from my experience there wouldnt be so many if they werent useful.