There are still growth properties. I am not necessarily waiting, but I am watching and I am consolidtating and offloading and revamping etc
Agree and doing the same as Elves,
Originally posted by PurpleKiss:
I believe I need a mix of +ve and -ve geared properties. I belive everything cycles so I can wait for the next cycle and I will already be in the property market when some share market investors are trying to get back into property.
Also agree and on the very much same plan as PurpleKiss.
Originally posted by TerryW:
I was keen on cashflow positive properties, but my ideas have changed and would now only go for growth. Any cashflow would be a bonus.
always been a -ve gearer, and where possible +ve cashflow properties are bonuses… but honestly, i dont really like +ve cashflow properties too much. (Only use them for Offset Gearing)
it really depends on the individual and each properties rental, as you acquire more loans and more properties, depending on what the amount borrowed and the rental percentage ratio is, you may find that, either you can still or cant service the loans further more, but it really depends again with the individual, on the amount of rental coming, + job income vs, banks ideal or loan repayments. there are other little areas that do get included, but this is the main important issue.
read it late last year, in about September/October 03′ but with the 11 second solution, have known it for a few good years now, but im not sure how Steve found out about it, but it was orginally called a “One, Two”
though since the 11 second solution, came aware, +ve cashflow properties just almost disappeared over night…
lol… nah not me, im always busy, i havent had a gf for almost a year now [], everytime i try to make time, theres always something else that gets in the way, maybe in a few months time, hopefully when things are less busier and quiter… ill be on the search… [:o)]
nah i order the premium package, where they fax it to you directly and also send you an automatic email alert if anyone checks your credit file, or if an application is made on it, takes between 15 mins to 1 working day to recieve, but definetly is worth the money. its about $40 a year, with the email alerts but is definetly worth its value, the free one, takes anywhere up to 1 – 10 days to recieve by mail, but doesnt offer the email alert, but it really just depends, on what information you just want to require.
honestly there is nothing listed, actually the only thing listed on the file is a credit card application, that i applied long ago for a student credit card for $500, but actually i was quite surprised as no other loan applications were shown or detailed, the other funny thing to is, that for my mothers credit file to, hers is shown the same, my only guess is that, i know my mother has a very strong and good relationship with our relationship loan officer (their sorta best friends) and that she may have not list any of the loan applications.
cba has a product called “Wealth Package” what this package allows you to do is, have discount on interest rate, either it be fixed or variable, allows no fees to be charged and other nice incentives, also it allows you, a minimal gold card credit limit of $10k, but to be eligible for the gold card, you have to have a certain debt level, like owe the bank alot of money, not like $200k or less.
…but i will admit this wealth package service is very good, and all the benefits and pluses are excellent, though it does come at a price of $300 a year, and your debt must still remain above $200k.
Originally posted by Billfromoz:
(2) Pay yourself first.
Hi Bill,
this comment really depends on the individual, for me personally, i have always paid myself last, though when it comes to bills, its dependant, on what benefits there are on paying it early, but with wages you earn, i disagree with pay yourself first, every time i get my wage each week, i proportion it and then what is left over, is then up to me to spend, doing it this way, i can get rid of, all my expenses and such due costs out the way and then have what is left over to play with.
if i was to pay myself first, i would have to wait accordingly to your plan 1-1.5 years before i can actually touch or spend that money, your idea is great, but if it takes you 5 years or 1 year to save that $5000 you mention, by that time, due to CPI increases your money is worth less.
at the job, im currently in, when i first started out there, my boss, who really is just a supervisior, put on the impression, not only the impression, but holds it against everyone that he is just a supervisior, and that it is not his job to work, but to supervise…
so clearly he lives by what he says, we do our work, but he takes advantage of his role and tells people what to do, even if it his job to do, yet he gets someone else to do it, many of the staff and including myself at the very begining, would not argue with him, as we needed our jobs and for the sake of it, we could not afford to lose it.
with my boss, hes been working there close to 25 years, many people have come and gone and people have left on the same day they start due to his attitude… believe me he is a real prick…
everytime, someone reduces their hours or wants to work less, seriously this is what happens, instead of giving the other staff the extra hours, and because he is supervisior, he increases his own hours, for the difference as some one chooses to work less, or if someone takes a day off…. he is a real prick, not long ago, i had gone and begun to reduce my hours, one of the ladies at work, asked if she could pick up on my hours, and i said yeah sure thats not a problem with me… well you can guess instead, who picked up those extra hours…
he talks alot of bull, and says things like hes a professional investor and all, that his children who are my age, are directors and managers of large companies and that, and if people at work choose to work less hours, its their problem, he will say out loud to you, the less you work, the more hours i pick up the more money i make and so on…
i dont know if your boss is that bad, but he does treat the staff, with disrespect and just orders people around….
the most funniest part is at work, there is a picture board, his picture is on there, but out of all the staff, his picture everyday, gets tacs and pins pushed through his photograph… and the same thing he says everyday is… when i find that bastard… ooo… they better watch out…
anyway he should realise, why is his only picture being the one being pined and darted at every day, yet he always removes them, yet someone always puts them back in…