Hi Huey,

the next meeting is on next thursday at 7pm at Five Dock, it be perfect for her if she wants to come, im going to paste a link here so you can see, if you think she would be interested.

We have tried to have a weekend session, but with no luck many people want to have their weekends for themselves, but check out the link and see what…[Read more]

Hi Melbear and Huey,

Im happy to provide help and mentor people if they want, there is a group of sydney investors, who some are new to property investing and many of them are twice my age and i come along to theses sessions in learning myself but also give advice, explainations and examples to help them futher their knowledge and directions in…[Read more]

A line of credit is where you are granted a line of credit against the equity you have in your house (that is, what the house is worth less what you owe). This type of loan is similar to an overdraft and the interest rate charged is more than a normal vairable loan but less than an overdraft. You are given a cheque book with which you can draw…[Read more]

Hi Huey,

im young, nice and sweet too, and in uni as well, i would be interested in mentoring for your daughter.

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

Interesting statistic if i can remember right, but if im wrong some one please correct me.

People who are age 65 today. In a group of 100.

1 – Is Wealthy
4 – Financially Free
5 – Are still working to support themselves
61 – Are on Government assistance. Living on $200 a week
29 – Are Dead by this age.

well i can guess were most of us want to…[Read more]

Hi flatcat,

keep searching, you will find them.

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

lol, sorry Julian, i honestly thought you were a chick, my mistake and apologies…well people i guess ill be gone away from here for the next few days.

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

Hey Cornel,

So hows everything with your apartment going? anyway man good to see you on here, enjoy your holiday man, and make sure you thinking about us all, ….. lol, you lucky ba$tard…. i cant even take time off work.

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a…[Read more]

oh before i forget, dont rush out and do this idea, if you are thinkin about it. Talk to your lender first and make sure they do allow for re-extending your mortgage loans, and also some lenders may charge a fee for re-extending your loan, but make sure that you do correct your loan when interest rates are low and your affordablitiy is right and…[Read more]

Another option that is available is, if you have time on your side (i mean, if you can sacrifice a few years)

Eg. $100,000 at 6% over 30 years = S149.96 pw

After 2 years you have payed your loan down to $90,000 but interest rates are rising and you are now paying weekly repayments at 7% at roughly $166.28 per a week.

If you have the time on…[Read more]

it takes me 16 seconds to think about it, another 8 seconds to apply it, then a minute to find a caculator and another 12 seconds to punch the numbers in and then …… uh oh how many seconds was that?[]

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end…[Read more]

Hey Julian,

where abouts in sydney are you based, im also around your age (im 21[])and also are you by any chance an accountant or is someone in your family one, just the words you used in one of your posts, was an accountants expression.

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it…[Read more]

Hi Westan,

Im talking about a specific town, that i dont want to mention yet at this time, though the auction that was held. Was held at 2 different places at the same time, one actual in the town or nearby, though the agent was telling me they had satellite or some sort of new age technology, were the biddigs were occuring simultaneously…[Read more]

dam…lol you got me again

cheers,
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

Hi Ghotib,

lol, i just edited my last post before you posted, but ssshhh dont tell Melbear, she didnt catch me.

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

lol very funny and deceptive you are Melbear,

lol ill be reading your post more careful next time.

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

Hi Melbear,

either mid to late January, but if not i wouldnt be surprise by if the banks begin talking and sneaking up the rates another .25% by then. Its kinda obvious if the RBA are talking about interest rates rising the banks will begin to step in and will begin fixing interest rates at a higher rate to protect them selves, this also applies…[Read more]

and any bets the RBA, will increase interest rates up next February again.

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

Im not putting any property up for bets, but i do bet the rates will go up in January. Im still betting at the end of 2006, that some lenders and banks will be or near at 10%

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

Hi Alex,

And to work out, what the rental should be for a minmumal return with no cash on cash onconsidered.

Divide the purchase price by 1000 and times by 2 = What the rental must be to get a 10.4 return.

Eg. $60,000 / 1000 = 60, Then times by 2 = $120 a week

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day…[Read more]