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Still in School
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@still-in-school
Join Date: 2003
Post Count: 1,844
March 17, 2004 - 3:21 am
what about that other guy in Sydney, who owns the most property in australia and i think on last count he was on 1200 properties and the most owned properties in qld was by another man who owned just over 900, but i do know there is a guy in America who owns over 5000 properties…..
these guys must be in the top
0.000000000000000000000000000000000000000000000000000000001% [rambo2]
Cheers,
sis
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million
Still in School
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@still-in-school
Join Date: 2003
Post Count: 1,844
March 17, 2004 - 3:18 am
so guys…..
what percent is steve in ? [blink]
Cheers,
sis
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million
Still in School
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Join Date: 2003
Post Count: 1,844
March 17, 2004 - 3:15 am
Hi Georgisj,
Does that mean 107.02% of people who own property own an IP?
nah what it means, is that there is a 100% of people who own property, but as you break down the individuals, the ones who continue to have properties in the smaller percentages, are also part of the earlier percentages of higher percents that own property in that selected property number…
… lol no confusion, but maybe i should write it from bottom to top. [cigar]
Cheers,
sis
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million
Still in School
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Join Date: 2003
Post Count: 1,844
March 17, 2004 - 3:11 am
Hi tridean34,
its a definite tax issue. [headphone]
Cheers,
sis
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million
Still in School
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@still-in-school
Join Date: 2003
Post Count: 1,844
March 17, 2004 - 3:07 am
Hey Kay,
i do know the results off the top of my head.
92% of people who own property only own 1
8% of people who do own property own 2
5% of people who do own property own 3
2% of people who do own property own 5
and only .02% (which is a very very tiny figure) own more than 11+ properties.
Cheers,
sis
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million
Still in School
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@still-in-school
Join Date: 2003
Post Count: 1,844
March 16, 2004 - 8:42 am
Originally posted by melbear:
Welcome back Kay!
the boys have run riot without you here to keep them in line. Many postings of:
LOL []
And
[^]
etc. etc. Got a bit boring[V]
Cheers
Mel
Hey Mel,
i think theres gonna be a lot more posting of [whistle] and [cigar] and of [cap] and maybe a bit [bike2] and so on and on and on… [pimp]
Cheers,
sis
[withstupid]
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million
Still in School
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@still-in-school
Join Date: 2003
Post Count: 1,844
March 16, 2004 - 8:36 am
Thanks Alister,
love the smilies….
[evil5][evo][specs][goatee][grrr][headphone]
Cheers,
sis
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million
Still in School
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@still-in-school
Join Date: 2003
Post Count: 1,844
March 16, 2004 - 8:34 am
Hey Kay,
i love that icon above… thats your icon for sure
[whip]… tsk … tsk
[buz2][strum][fez]
Cheers,
sis
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million
Still in School
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@still-in-school
Join Date: 2003
Post Count: 1,844
March 16, 2004 - 8:30 am
Hey Kay,
these are pretty cool check out the one below… this cracks me up… lol…
[pimp] check this one out… pimp
rofl…
Cheers,
sis
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million
Still in School
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@still-in-school
Join Date: 2003
Post Count: 1,844
March 16, 2004 - 8:24 am
Hey Kay,
lol… you beat me to posting them, arghh [cigar]
Cheers,
sis
now lots of new toys to have fun with… [withstupid]
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million
Still in School
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@still-in-school
Join Date: 2003
Post Count: 1,844
March 16, 2004 - 7:52 am
Hi Kay and All,
your right in some way, but i know your a little against what im gonna say, but “buy in doom when in gloom”
some people might not like the idea, that the weaker investors, will have to put up their investment property for a quick sale, so they dont go bankrupt or default on their loans, but really in a time when interest rates are high and people begining to panic, i know many of us, who will be preparing but also cashing up, will try to reap up the bargains of other weaker investors.
… it might sound wrong and the rates are high and were property is selling at a song, that this is the best time to buy and capitalise, but in a weaker market, you really do need to take advantage of this if you really want to make some big dollars.
… real estate is a big money game, if you let a deal go by, dont be surprise if someone else snatches it up… and capitialises on it.
Cheers,
sis
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million
Still in School
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@still-in-school
Join Date: 2003
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March 16, 2004 - 7:34 am
Oh by the way…
Chan, i will admit, you got one of the most best property portfolios i have seen, so diversied, but not only that, you have so much flexibility in your portfolio, you have one of the greatest flexibilities to attack or handle any property market, either be it boom or bust… [:o)] and still be able to capitalise… [:o)]
keep up the good work, not too long before your sitting back and enjoying your long relaxing days… [^][^][^]
Cheers,
sis
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million
Still in School
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@still-in-school
Join Date: 2003
Post Count: 1,844
March 16, 2004 - 7:21 am
Hey Chan$,
lol… i wouldnt worry about that, you’ll get a nice honey money rate, but it all out honesty if interest rates rise, weekly rentals begin to increase, now lets say 3 months later after a rental increase due to interest rate rise…
and the interest rates begin to fall, and lets say if you tenant still has another 9 months or even signed a 24 month lease, weekly rentals dont drop… and even when the interest rates drop low again, and your weekly rentals are upped and increased…. you be gettin a lot more cashflow….
other thing too Chan$, remember what we talked about before about -ve geared properties during an interest rate rise?
…. you be definietly capitilasing if you jump and jump out in the right time…. []
anyway when the time comes, were both in the same boat… lol [:o)] …. bit scary [8]
Cheers,
sis
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million
Still in School
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@still-in-school
Join Date: 2003
Post Count: 1,844
March 16, 2004 - 6:10 am
Hi Guys,
nice way to put it, but i dont wanna get on anyones bad side on this, but in theory people believe and are told.
“wheres there is a boom, there is always a bust”
in reality, this is quite the opposite, we have been booming and then steading out, booming again and then steadying out more, theres no real bust at all, its weaker investors and first time investors, who dont play down their cards right and panic occurs and then all sorts of media is released.
im not just talking from my short experience, but my partners and people i have dealt with, have all got more than 25 – 30 years experience minimal, and were i was taught by my rich dad (friend of my mother) whos got well into 40 years experience, the opposite is quite often told by them, as they have lived through both boom and bust and have learnt to capitialise and lose money, interest rates are still reletivaly low and still it wouldnt hurt to much if the rates were to rise another few percent more.
Cheers,
sis
ps, Chan$, if the interest rates rise, trust me, your in the right position to capitialise, you should be hoping for rates to rise… [:o)][:o)][:o)]
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million
Still in School
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@still-in-school
Join Date: 2003
Post Count: 1,844
March 16, 2004 - 3:29 am
hmmm…. Enjoying life?
Cheers,
sis
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million
Still in School
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Join Date: 2003
Post Count: 1,844
March 16, 2004 - 2:07 am
Hi Kimtruong81,
both loc and offset accounts are very similar in a way. just think of them both as revolving credit loans, but with your money.
problem with a LOC is it is like a huge credit card, and as a credit card is debt, you will always have this debt lying around, the advantages with the loc is, because its such a big credit card, (not exactly a credit card, but similar in a way) you can purchases a house or many houses on there, but remember, you will always stay in debt until its payed off. (maybe a bad example, but this is how most people use them.)
with the offsets accounts, its money you park into another savings account, which offsets against, what principle amount you have owing, or with some banks, instead it will offset against the amount of interest earned in your offset account against the amount of interest you have to pay on your debt interest owed.
both are similar fashion, personally, i much prefer the offset account, and just having a normal everyday credit card with very large limits and access to funds any place or any time.
to answer your question, it would be no, because non deductible, can not be claimed.
Cheers,
sis
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million
Still in School
Member
@still-in-school
Join Date: 2003
Post Count: 1,844
March 16, 2004 - 12:08 am
Hey Guys,
im back, but having to go out soon again…
… are we meeting up with Mel, is she really coming up to Sydney this weekend? [}]
Cheers,
sis
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million
Still in School
Member
@still-in-school
Join Date: 2003
Post Count: 1,844
March 15, 2004 - 9:31 am
Hi Benedict,
Henry Kay, was a guy who i will say was a definite but also a very good Property Guru, problem is he ripped many people off at the same time, thats another story, but in a few years he managed to create i think it was 143 different companies and made millions, well over 70, 80 + millions of dollars, run a search on the forum, by the way hes only a very young fella too.
Cheers,
sis
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million
Still in School
Member
@still-in-school
Join Date: 2003
Post Count: 1,844
March 15, 2004 - 6:12 am
Hi Guys,
i cant say much, chucked a sickie last night at work and then today at school, didnt bother to go, but in a couple hours time, just going out first, i will share what i did over the weekend.
Cheers,
sis
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million
Still in School
Member
@still-in-school
Join Date: 2003
Post Count: 1,844
March 15, 2004 - 6:07 am
Hey Guru,
Congratulations on the 20 tonner [^]
Woohoo! [^]
Cheers,
sis
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million