Dont buy rural property unless you know what you are doing.So many places on the market and so many greenies from the city.They pay big bucks for land that aint worth half what people are asking.Sometimes it cost more than the land to get services connected.We have lived in the rural areas all our life and see city folk get sucked into buying…[Read more]

Thanks for the advice.We are so keen to make a move and do something different.I personally move about every 4 years so I dont get too bored.Its a good way of seeing the country too.
Russ.

Its been advertised on the net and in the paper.
Lots of houses have sold at a higher price than ours and with less to offer.
It does have one drawback in that it is on the main road into town.And opposite the seniors caravan park.But it is not a very busy road.
I think the agent has a bad feeling for this house.I remember when he sold it to us it…[Read more]

I,d be more worried about body corporate fees in a resort.They want the grounds looking nice all the time and it is you that pays for it.
Also management fees can be very high and then theres the cleaner.Once you start adding up the fees and taking into account the occupancy is probably only 60% you may have different ideas about the investment.
Russ.

You work this one out yourself.
$100 000 @ 7% IO is $7000
Divide by 52 = $134.61p/w

I have two boys and never favoured one over the other.Always encouraging them to reach for the stars etc.
They both had the same love.discipline,upbringing.
Yet my oldest who is nineteen has a good job and is currently getting in to investing.
The other boy is seventeen.Never had a job.Prefers to steel to get what he wants.Has a list of…[Read more]

Chan.
Its a shame that the children dont realise this.
You live your whole life for them and then when they turn into teenagers you sometimes wonder why you did it.

I,ve been on a pension for the last few years and I hated being at home everyday.Always looking for something to do.Built a shed put in new gardens did some paving blah blah.Even built a mobile home.Twice now.
Enjoy your time at being constructive because most people find that what they think they want is not what they want at all.
If you are a…[Read more]

I havent been to any seminars but I have to think that they are not going to say a great deal more than they do in there books.You get to keep the book for a few bucks and can keep refering back to it.Seems to me they have to do seminars to keep making money cause there ideas have dried up.Just a thought.
Any way with the amount of people on here…[Read more]

The less money you put into a property the greater the return.You have to use the leverage of other peoples money to get anywhere.
If you cant find property in your area then look elsewhere.You dont play with the numbers to make it work.It has to be a good proposition from the start.Stick to the formula.If you cant find any then give me a…[Read more]

Sounds like a bit of a dream.
Firstly the areas between towns are there for a reason.
Usually for farming so the country can eat some meat or flour etc.
Towns dont just subdivide rural lots for that reason.
Also the larger the property you buy the less you can subdivide as they want big holdings out of the town boundaries.
Also depends on services…[Read more]

The first step is deciding to take action on what you have learnt.
I reckon I could write a book here.LOL.
In all reality you took the first step already by reading the book.
So now ask yourself.”What motivated me to read the book in the first place?”
Once you start asking yourself these questions you will start getting answers.
You may have read…[Read more]

After reading Money Secrets Of THe Rich one gets a brand new perspective on banks and their dealings.I take great pleasure in dealing with my bank now.$#@%$#%#$ lowlifes.

Yes.It would be hard to police.Most newbies ask for your opinion.But is your opinion going to upset them if they dont like the truth.Probably will.Anyway I just like to have a bit of fun here.Hope I dont upset toooooo many folk with my opinions.Gets a few good comments at times.And lets face it.If we have to pull our heads in too much there wont…[Read more]

[biggrin]I see this nearly everyday.
Where where where.
And everyone says keep looking they are out there.
Well I gotta agree with everyone else.
Keep lookin cause there are heaps out there and you dont have to play with figures.
I found one this week that will return over 70% cocr for a 10% deposit and fees.
Safe you bet.got a government lease…[Read more]

When ever I go into a bank these days I ask if they are going to charge me extra if I use there over the counter service.
If they say yes I politely tell them where to get off and that they should be ashamed to work for such an institution.
Banks are the biggest ripp off alongside insurance agencies.
People unite and tell them where to go and we…[Read more]

“It is no good entering a race with a leaky boat”
Clear up the bad debts first.Would suggest sending the wife to work solely to get rid of this debt.You cant move ahead in life when you are carrying to much load.

I think anything I do will affect my pension.The funny thing is I,m trying to do it so the government wont have to pay me a pension.But they wont help me along the way.There rules are so by the book its not funny.But i,m not going to let anyone beat me.I,ve got a goal and i,m going to achieve it so I can tell the dole office to shove their…[Read more]

Look further afield.There are plenty of opportunities out there you just have to broaden your search horizons.
Russ.

Hi ya there.
Rules for this and rules for that.
Statistics for this and that.
IMHO you do a bit of research and decide which road you want to take.
I,m strictly +CF so once you know what you want you concentrate on that and only that.That way you dont get distracted.
All the statistics in the world aint gonna get you the ones that everyone else…[Read more]