Forum Replies Created
Hi Kay,
was just overseas, due to a family tradegey, but soon after meeting a family relative, while over there, the last week was spent on looking at some business ventures, as a result of this, i was going to return back to Brisbane, but after some consideration and talking to family and friends, it made more sense to stay here another couple months, here in Sydney and then move back to Brisbane afterewards…
problem is, that due to my family background, i can speak and understand my mums language, but because, my dierlic is not as fluent, in July, will be moving overseas for 3 months, just to get up to pace and be fluent, yet at the same time, put everything else on hold… (the language part, is due to business purposes, because i cant write fluent or that well, but talking wise is pretty good.)
… which really means, what i ve been promising every month of moving back to Brisbane, is now going to be some time late and towards end of the year…
…but right now, im in Sydney…
Cheers,
sisHi Monopoly,
Thanks for your kind words, no one is really holding me back, but it is time, thats dragging so slow, ive always heard that “patience is the key to virtue”
but patience and time can go so slow, and at the same time, having to keep balance and commitments with family and friends is one of the hardest things…
…short story, just under 2 years ago, i moved down here to Sydney, many things have changed in that short time, but so many times i have promised my family and friends that i will be coming back up to Brisbane real soon, but just as i do, or just come up to visit, something again holds me back here further longer and delaying me from being with them, next month, it will be 1 year and 8 months, ive been here, yet nearly every month from the begining, have been promising next month i will move back up…
but given time… patience is the key to virtue, and that im one who keeps promises, but hates having to tell them, i will be here just a little bit longer…
Cheers,
sisThanks Kay,
but sometimes, with lifes challenges, it maybe things that you want to do, that are taking there time or to come abouts, yet sometimes, those things you wish to particpate, are within reaching distance, yet its a choice whether you grab or let it go by, due to how life is…
for example, someone may wish to try to achieve something, but due to their other half, family or friends, they let that opportunity go by and when that opportunity comes round again, its just out of their reach… for everyone, everyone has differenct circumstance…
…wishing everyone to take hold and grab those opportunities that passby…
Cheers,
sisHi Guys,
recently went overseas, for a 2 week holiday, but just in the last minute, and catching up with a female friend from long ago… end up exteding the trip for another few more days…
… over those few last days, talked to a relative of mine who works for a development company and who many contacts, the relative is a financier/negotiator and we have decide to setup a Corporation, with subsidaries, investing and building other business up and cashflow streams, at the current moment, were in the Corporation Projections and Studies, but also have organised capital, but are now looking for the most suitable amortization.
though the ideas are definetly going ahead, its just a matter of time now…
…though when younger, did collect many stamps and stamps that are very rare to this day, yet they are sitting a while and are slowly appreciating in value, though when about age 10, would go to Balmain, with a friend of mine, and would collect aluminium cans after the game and would sell them back to the recycler…
… this is when, at this age, i was being taught on investing and how to invest and nourish a business to expectations…
Cheers,
sisHi Monopoly,
if you cant defer, find ways to minimise your CGT.
Cheers,
sisOriginally posted by Lucifer_au:Snooze – found out that you can’t live on negative gearing?? Well unfortunately it’s true. As it has been said – How many negative geared IP can U afford?? 1, 2 or 3, Max?? How many positive geared properties can U afford?? As many as you can get!
Hi Lucifer_au,
i would have to disagree with your comment about “found out that you can’t live on negative gearing?? Well unfortunately it’s true.”
i would have to disagree, my mentors and the person i deal with, has about 30 – 40 negative geared properties, for myself also i carry a load of about 7 negative geared properties and 4 of them are heavily negative geared. though i do use offsetting principles (some can also be classed neutral gearing), but it is possible to have many -negative geared property and still have them running at a postive gearing ratio…
Cheers,
sisHi Chan$,
havent been up to much, but still on holidays, though wont be back for another week….
… though i have decided and after that converstation we had. i will be quitting my job and retiring when i come back…
till then.. nothing really else, but look forward now to no longer working…
will get back incontact with you when i do return…
Cheers,
sis… but the thing is, these people were warned, about how the properties, being sold to them, are $50k+ or more than the valuation, and that, if they did want the property, they would have to fund that extra $50k+ or more, by other means…
… even when warned, these people still went against the odds…
Cheers,
sisOriginally posted by Chan$:Regarding VO, you would not believe how many people suck-in by him. Back then during the tour there was 2 guys sitting behind me. I explaint all the history about VO and the scam to them but they still end up signing the contract and I just shaked my head and look away.
not only that, V.O., also warned and told the interested buyers, that he had put a markup price on the properties and that also, they would be about $50k+ more than the banks valuation, even when warning the passengers on the bus, their greed still kicked in…
… no use sobbing to the media about it, when you were warned before hand, yet at the same time, being greedy, you trap yourself into a debt, and then try to point the finger…
Cheers,
sisHi Guys,
just watch “60 minutes” and was appalled by what they were saying…
…im not on V.O. side, but with the recent trip not long ago, and seeing what was available on the weekender…
… information was disclosed about, property being undermarket value, and that you were to subsides the extra difference, if you wanted to purchase a property on the weekend tour…
… IMHO, i do believe that many of the people on “60 minutes” were stung on their own fault and were warned, but still stupidly signed and accepted the offers that were made available to them…
… honestly, if someone told you, that the property im selling you, is only infact worth $100k, but i am happy to sell it to you for $140k… its then your decision to go ahead and purchase…
… yet to many people, get emotional involved with the property and will still purchase the property, even when they know the property is much worth less than what they are paying…
… IMHO, im not blaming V.O., but these people were warned before hand… yet still decide to go ahead with the deals and then try to make some sobb story out of it…
…sorry to say it, but i was there and did see, to many people, get emotionally attached to sighted and visted property…
Cheers,
sisHi Guys,
i wouldnt be too sure on that, ive read many books and heard of stories from the media, of people turning millionairs in 1 year…
… so anything is possible…
Cheers,
sisuh oh… [confused2]
Chan, were in trouble…
Cheers,
sisOriginally posted by mikeej:If you have equity available can you use it or do you have to still satisfy the bank as far as servisability.
Agree, and also, if your +ve cashflow properties can generate enough cashflow to service another possible loan, even when your out of a job and no income, you can still purchase more properties..
.. though dependant on who and what your lenders criteria is..
Cheers,
sisHi Yack,
still looking at property, but not buying at the moment, but looking at some other investment vehicles, for the time being…
….though if a good deal comes along, will reconsider…
Cheers,
sisHi Kay,
hate to say it, but if the banks dont get more friendly with there lending criteria…
…the next generation of home buyers will find it much harder… to ever own their own home
…. and that wrapping and leasing will become a more frequent, and a way of accessing in purchasing your new or first home…
Cheers,
sis…. dialing still in school
…. please check the number and call again
…. beep, beep, beep
Hey Chan,
ill be gone for a short time, after monday morning… so it looks like you be ahead for a very long time…. grrr….
Cheers,
sisHi krazystyler,
best to talk to the administration team at propertyinvesting.com and ask for a permission if they will allow you…
… reason being, they have a strict policy, about advertising, and must fit within the ASIC guidelines…
Cheers,
sisHi Jparrie,
sounds like a good idea, but i see one huge flaw… presumming you did invest that money on an instant consistent return of $3750 a month…
or $45,000 a year ($3750 * 12)… how much tax would you end up paying…
it would be much better off invested into an assets that provides good debt, but at the same time is either appreciating in value or providing cashflow… but good debt must be there at the same time, to limit the amount of tax, that you could be liable for…
Cheers,
sisHi Celivia,
id let you be my landlord anyday… [thumbsup2]
easter… xmas… birthdays… any special occasional…. [whistle]
Cheers,
sismmm… chocolate… [rolleyesanim]
