Forum Replies Created
If you beleive thier is no money to be made in property investing at any time then thats exactly what will happen to you.
Its all up to the individual, if you have a negative approach in a turning market you wont be active.
Consider what the proffessional investors are doing do you believe they are not active in the market right now?
If your not prepaired to do the hard work and research you wont achieve your goals.
Consider this scenario %25 interest rates lowest prices for houses in history, what could you do to increase your wealth whith this example?Dom
[biggrin]BIG Wednesday.[specool]
Richmond,
I will minimise interest rate risk by fixing my loans, pay p&I and add any spare cash into loans and keep my tennents happy.
Check out the latest Property Investment magazine with an article called “Is now the time to buy”.
I think you are right about the 6 year boom but i will diversify in order to take profit.(Build,Renovate,Buy in country towns)Dom[biggrin]
Thankyou Simon.
Dom[biggrin]
I use Tony Esler brendale.
ph 38812615Dom [biggrin]
Just had valuation on my PPOR done and it has declined by $20,000 from 6 months ago.
That would be a good buy if yoy had prepared to wait for the downturn.Dom[biggrin]
Hi,
Can anyone on this forum update this thread on the superanuation rules and unit trusts please?
Dom[biggrin]Jo,
I did not even assume that you wanted to tell me what to do. I just enjoy a healthy debate.
I think Jan somers is a great investor and i have enjoyed reading her books. I actually started out with iP”s by reading her first book which i still have. I dont believe the boom is completly over and that’s i good reason for me not to buy at the moment(Just my Opinion) unless you find the deal of the century.Ausprop i like the story about the little old lady
everyone has one around the corner from them.Happy investing.
Dom[biggrin]Jo,
Why so keen to buy now, i think everyone has a different opinion ,strategy and changing circumstances.
The true value of property is the cost of actually reconstructing a property.
Therefore you would not want to pay any more for an older property if you could buy new.KP i think my aim is clearly to buy investment properties for early retirement, wealth creation and investment satisfaction and along the way meeting a range of interesting people.
Thanks for your input guys i always like to swim against the river just to see wher it begins.
Dom
[biggrin]I have waited this long for property to decline in price whats an other 6 or so months.Who knows i may have gained $50,000.
I am not waiting for the lowest price i am waiting for the true value of property.
Dom [biggrin]
I have always worn sandles Monopoly LOL.
I think i will just have to give you the cash and you can do the wheeling and dealing.I wish it was that simple but sometimes you can pay to much for the same property. (Domain.com Commercial.)In this particular climate i believe this is the case until thing’s settle down.
I know the old saying that any or now time is the right time to buy but thats, it is an old saying.
So imagine paying 20 30 or $50,000 to much and the repurcussionsin the futur lendings.Simple for some harder for others.
Dom[biggrin]Simon,
Thankyou for the link.
It was for commercial and a 5 year fixed period i am interested in.How do banks borrow if the commercial property is GST exclusive?. Do they lend the 10 % for a period of time until it is paid back at an interest rate?
Thanks
Dom[biggrin]Simon,
In the case of using your equity in your property how would morgage insurance work if you needed to include it at what %. And could you please tell me the curent fixed interest> (Lowest)
And i was told that the term of the commercial loan may only be for ten yeare, therefore higher repayments on property.
Dom[biggrin]
I think i will go see The bourne supremecy.
Dom[biggrin]Totally agree most agents have to be decietfull to earn their living.
I had one try to sell me al lemon $15000 over bank valuation.
That put me off their whole agency. They have lost my buisness permenatly.If my deficiencie were to hide looseing $15,000 in a deal go ahead and mock me.
Dom[biggrin]Jay,
Good luck with your investing, your on the right track . IF you go to search function you will be able to find most answers you are looking for and may i suggest you click on the members section and mayby check your avatar(Picture) as someone may already have it.
Dom[biggrin]My question is why do you want that property so much?
I dont want any of my properties they are to much trouble i just want the Financial Freedom that most peoplle want.
I dont use my emotions i use my goal to get me where i need to be.(Discreetly of course)
Dom[biggrin]
Hi,
I would never pay my home loan of, why i read in a book Trust Magic by DaleGathrum-Goss that most people live in thier house for approx 5 to 7 years and then upgrade.
And goes on to say how banks profit from this.This is my personal opinion.For this reason when i purchased my PPOR i always had this in mind so i could convert it into a Investment property.If i had paid it of their would be no tax deductions and you probably would have to pay more tax because of the rental income. Not to mention the costs of buying and selling.
So i use a %100 offset account suits me fine.My extra money i have either sits in offset account %100 on my PPOR at the moment or i can use this cash for a deposit on IP’S or improvments.
As i understand as long as the cash is not placed within your PPOR loan when you rent it out it will be a tax deductiondepending how on your rent and loan.In my case it will be a slightly positively geared investment property.
Dom
[biggrin]“Smells like Fish tastes like chicken”
