Hi Guys,

CBA all the way…! (thumbs up)

ANZ… i dont thinks so, they seem to have a problem with people earning money and the ability to service debts, while some people who have no income are able to still get credit cards and personal loans through them… (worse bank i believe)

Cheers,
sis

Wanna Talk About Stocks

Originally posted by Qlds007:
I am happy to mentor anyone in Qld when it comes to wrapping.

Due to time restraints would be happy to happy to answer and direct by email to start with.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

Hi Richard,

I would seriously…[Read more]

Hi Jessica,

the nightmare of people wallpaper…

… actucally these are my favourite properties to buy.. nobody likes peeling off wall paper… but having done it several times and it being full day consuming the best thing and honest thing ive found that works is…

** go to bunnings hire the wallpaper steamer.. (rougly around $90 a week…[Read more]

geez.. what a bandwith flood.. i just got my application through in the last second…

thank goodness for broadband…

Cheers,
sis

Wanna Talk About Stocks

honestly compare the unit, to other units around the area.. get a fair idea, of what you think is fair value.. but put an offer of what you think is realistic… but also dont buy on emotions, but set a figure.. if they are asking to much, set your limit, stick to it.. or walk away…

Cheers,
sis

Wanna Talk About Stocks

it varies from deal to deal, but when im in a fast or rapid negotiation, the offer would normally be a contract or verbal communication, between both the vendor and real estate agent and that my offer is only valid till 5pm that day…

i think 4 days is too long, if its an investment, same day or 24 hours should be enough, cause if someone is…[Read more]

Hi Rob,

thanks for your post.. it is maximum gearing.. probably more suited for a young couple not a couple in there 50’s and 60’s, but yes your correct, if we did put that excess and rental income into straight offset facilities, the equation, would be definetly be different and the return rate would be much faster.. and bigger.. and in all…[Read more]

Approximate Funds we can Invest

$12,000 + $2740 (from $5 rental increase) = $14,740

or

$12,000 + $5460 (from $10 rental increase) = $17,460

****

from the 2 available funds we have above, and realisticly for myself, (knowing that my rentals are consistently being monitored and increased) i will only do the example on the funds of $17,460

our…[Read more]

Property Value

$110,000.00 Property Value Year 1
$121,000.00 Property Value Year 2
$133,100.00 Property Value Year 3
$146,410.00 Property Value Year 4
$161,051.00 Property Value Year 5

Rental Increase @ $5 (every 6 months) ($5 x 26 weeks)

Year

1st 6 months

2nd 6 months

(jan- jun) (july – dec)

1

$130

$260 (increase cashflow of $390 for the…[Read more]

Hey Guys,

i really like Rob’s example, as an investor… this would be very similar the way i would caculate his figures…

though as an investor… this is how, i would make this property work so hard and to ensure that over the 5 years.. this one property investment has now turned into 5 – 10 property investments, from just the one investment…[Read more]

Hi guys,

ill tell ya the story later on, how it was bought cheap, refinace cost were very low, it was just a one off time of $6000, to cover legals and stamp duty, but the refinance cost was only about a few hundred dollars, but due to the market moving fast and the property well truly undervalued.. (for a very good reason)

… but due to a…[Read more]

lol…

Thanks Rob and Redwing,

why im thinking this way is.. i know a public trustee place, where they auction off jewellery, there not for a profit, but to make the sale, and each week they auction off many different things, though attending one auction, some jewellery was selling for a 90% discount.

the idea is to buy the cheap jewellery, get…[Read more]

seriously…

logan, ipswich, (for both short term and long term growth.. but nicely annulised..)

but for very short term growth.. (rockhampton, both south and northside.. though preferably north…)

Cheers,
sis

Wanna Talk About Stocks

Hi Rob,

sorry to be a pain again.. would you know any good lenders, who take jewellery, as security.. and do you know roughly what there interest rate they charge… or how much of the value of the asset they will look at as security, in a property purchase… (such as jewllery)

Cheers,
sis

Wanna Talk About Stocks

Hi Rob,

what i like doing is, buying high growth properties, in which i can predict, or have a good guess that it will double in a 2 year period. (or just have substainal growth)

eg..

property purchase 100k (10% deposit) 90k loan – 10k cash
property revalue- 125k (10% equity) $112,500 loan – 12,500 redraw
property revalue- 150k (10% equity)…[Read more]

but i only do this strategy, in a rising market or area….

Cheers,
sis

Wanna Talk About Stocks

Hi Rob,

the LMI fee wasnt much, as far as i can remember, to be honest im not so sure, cause ive done a few transactions like this a few times now.. but my interest rate is 6.84%

though i know that with my LMI its quite good, though because, each time my property goes in value, i actually do refinace, it, up to 90% LVR and redraw the excess…[Read more]

Hi Cosmocom,

my family owns quite a few property in the philippines, we bought it off the plan from a development corporation there, in an area called Landayan – San Pedro, / Laguna, we also have alot of acerages and farm land there too.. though there is plenty of risk in buying in the philippines is not worth it at all..

some of my own family…[Read more]

Hi Rob,

it varies from person to person, if your consistenly investing your equity as deposits for next property purchases, and your properties are going up invalue in growth, it doesnt hurt to much, when your portfolio, is growing at a substantial rate, to draw down some equity to fund your life style,

though it will depend on the investors, on…[Read more]

Hi Guys,

i totally agree with Terry, ive been using this strategy, for a while, living and drawing down on equity to fund my life style, but to help me further purchase more properties..

this strategy, that Terry is explaining, is very straight forward, but also, your able to easily purchase more properties,

Peter Spann, doesnt say he uses this…[Read more]