Forum Replies Created
- Originally posted by benno1:
Hi guys
does a property need to be cashflow positive to be positive geared? From memory a negative or nuetral cashflow property can become positively geared once deductions and such are included..ie tax time. Is this right or am I barking up the wrong tree…
cheers[suave2]Hi Benno1,
that is correct, but true +ve cashflow occurs, once the rental exceeds all expense and running cost to keep and maintain the property, and at the same time, provide cash in your bank account each week…
Cheers,
sisHi Yack,
it really does show, doing things yourself and getting out there, than trying to pay for it all in a course and expect to be either rich or wealthy, and that, getting back to basic is all it takes to be successful, and at the same time be able to control your success,
not only when yourself taught, your mind also becomes creative, but also you gain that first hand experience, that many miss… when they pay for a seminar… or course…
…which is very vital, if you want to know how success begins…
Cheers,
sisps..thanks for giving us some insider and wish you more the success in your investing…
to be happy and financially free…
… it takes an average of 6 fully paid down rental properties… to be financially free…
Cheers,
sisits funny,
how people pay seminars and all just to get motivated…
…i have never payed for any seminar before, but have attended free ones, just done lots of reading, listen to other peoples experience and from my own exposure and trial and error… gained the knoweledge, through simple basic learning curves…
Cheers,
sisthough… for $8000, thats a cash deposit for a cheap +ve cashflow property, or the starting of a small share portfolio..
… or even, for a much better cause… you childs education…
Hi Guys,
it seems that we all have different views about credit cards, but from an investors point of view…
…is, i can see more pros than cons, in using them…
…are credit cards that really bad? or do they have that advantage…
Cheers,
sisHi Guys,
other problems with retirement villages, you cant use them to securities other investment properties, what equity is put into them, cant be taken back out… maybe through a refinance… but most banks wont let you, use them as a security…
Cheers,
sisOriginally posted by elves:Personally I dont like units. There is an over supply in some areas, and also vacancy rates can be higher. depends on where you look.
I also dont like all the fees, I have a preference for free standing homes. Just my personal opinion though..
Agree, and also that, because units all look a like and have similar rents, its very hard to increase the rental, even when demand is high or low… they all sorta have to go up in rent together… other than that the fees, i dont like either…
Cheers,
sisOriginally posted by kay henry::o)
I got a free copy of Your mortgage mag yesterday at the Expo too (glad you enjoyed the Expo too, Marty!) Seems like it is becoming VERY similar to API mag. I mean, how many times can you just discuss different types of mortgages over and over each month?
isnt that what we do hear all day… [party]
…but i do much prefer “your mortgage magazine”, and find API is to focused on case studies, which is fine in a way, but not my focus, other mag i much enjoy is “money magazine” lots of diversification and talks about other investment vehicles and the low down on the countys economic cycle… whats happening, whats ahead and what to watch out for…
and they also give you “the money card – incorportating rewards” plastic card…
Cheers,
sisCheers
Hi Guys,
thought the show was ok, but find that brad sugars is to much on personal development, though i am interest in watching rick otton and to see what he has to say and what his views on wraps are…
Cheers,
sisHi Elves,
saw it and all, and have seen it on the CBA site, but its nothing new, just media talk… scaring the elderly and the parents who are trying to help their kids…
if a proper due dilligence is done before hand, helping and guarantoring your kids… shouldnt be such a big problem….
… though they are making out this to be a huge risk….
Cheers,
sisHi Rugbyfan,
no way, your avatar looks like you, you definetly look like a football player…
and me standing against you… i look like a kid… [glum]
Cheers,
sisHey Mel,
so for example, if you were to purchase an IP and decide that instead of paying the full interest, you would let the interest capitatlise…
…is that perfectly fine to do?
Cheers,
sisHi Guys,
depending what type of investor you are, different forms of revolving credit loans will suit different individuals, some people will prefer:
locs
offset accounts
large credit cards
different entities to invest through
cross collateralising
use of equity
margin lending
and so on and on…but even then, depending what investor you are, or what type of investment you are looking at, the above will suit different investments and the strategy you plan to use…
Cheers,
sisGetting High on Opium (aka.. OPM)
Cheers,
sisHi Jay,
i would agree and disagree, but honestly, if your friend wasnt too worried in you paying for the money now, and trusted you in good faith, i would honestly pay them later then…
while at the same time you can use their money to furhter increase your wealth, your also able at the same time to pay them back out of profits made from profits, and with this, still keep a strong friendship…
Cheers,
sisps.. it might be the moral thing to do, but some friends do have an understanding and are more the happy to help someone in their success… (as long as you pay them back… later on…)
and follow the links to monoply online… [cowboy2]
Cheers,
sisHi Chan,
i think evening doing a Master Account from your existing equity and setting up a LOC structure, will still be cross-collaterialised, you would still need to set up each property with its own LOC account…
…though i could be wrong with this…
Cheers,
sis
