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Still in School
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@still-in-school
Join Date: 2003
Post Count: 1,844
January 15, 2004 - 2:20 am
I would find out what car he drives, and then slash his tyres, after that i would walk back into his office and …..
lol.. nah honestly i wouldnt care and worry anymore, dont have time for small worries and problems, his loss my gain…
Life goes on…
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
January 15, 2004 - 2:10 am
Hi Cashpoor,
I know people use cashbonds, for purchasing IP, though still, you have to come up with the money in time. Most people who use this type of bond will use it on an OTP purchase which will not be built for a few years at least.
Though my understanding of annuity program is that you have a contract, but you have to pay a set amount of income anually, though this will depend on the policyholder, while their alive, not putting it bluntly but i dont know how well these will go down. Most annuity prgrams are designed for a retirement plan income.
Though back to the bonds and OTP, the idea is that they will sell the IP in time, when there is capital gain and use those funds to self fund their retirement. (self funded retirees)
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
January 15, 2004 - 1:45 am
Hi Russellwebber,
Another too is, many banks and lenders will not look at you, till you can show some evidential proof that 90% of the properties are sold or under contract on a OTP purchase. In your case.
You seem to be able to get the finance up, but again like Stuart has said the deal looks to weak. For 90% of the development to be under contract, you have to have all 7 of them as you cannot have 6.3 propertis purchased. Unless you were going to decide to develope a complex of 10.
Sorry for not much help, but do agree the deal looks very week.
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
January 15, 2004 - 1:38 am
Hi Monkeybam,
For me personally, until i can get myself and family financially free, after that, will take property investing very slow, or find a new liking.
Property investing is like a game, but very challenging at the same time.
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
January 15, 2004 - 1:26 am
Oh for 100% finance,
With a 100k equity, you can purchase a 100k property or less, thus meaning 100% financed.
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
January 15, 2004 - 1:22 am
Hi Coopernator,
100k equity can help you purchase a 500k property,
How!
Banks are willing to loan 80% borrowings, if you have 20% cash available. This is called LVR (Loan Value Ratio)
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
January 15, 2004 - 1:04 am
Hi Happy,
This might not be Cashflow game, but you can play Monolpy online now, against other people from around the world.
You can find the game at http://www.games.com
Click on classic games and you will find Monoply there.
At any give time there are about 400 online monoply game players.
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
January 15, 2004 - 12:10 am
Hi Kiasu,
Depends on exactly what you want to achieve and depending on what type of property investment you want to purchase.
The main trustes that are out there for property are:
Family Discretionary Trust
Hybrid Trust
Unit Trust
Property Trust
Multi-Sector Trust
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
January 14, 2004 - 11:57 pm
Hi Luckyone,
To be honest, i would not worry what your friend says.
An old saying “Out with the old and in with the New” Over time, the place will clean up and improve. Many areas in Brisbane and Sydney you might remember, were well noted and heard of to be real rough areas, today many of those places still exist yet are some of the more expensive areas.
Good Example. Inala in Brisbane, very rough at the time houses were under 50k, over a few year period the properties are now worth over 200k. Over time, things will change and improve. A good investor will see these problems and wont be discourage, cause eventually suburbs will improve, due to government bodys, government funding and big developments and investments opportunities that larger corporations and companies can see.
If your interested in the crime area, go visit the police in that area, ask them, what is the crime rate like? Is this similar to other suburbs? What is the government doing to improve this area of crime?
Simply questions they are, but, they can hold the answer to what is happening to that area to control and prevent the crime waves that happen.
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
January 14, 2004 - 11:48 pm
Hi Guys,
From about 5ish pm 14th January Eastern Australian Time till 5ish pm today (15th January Eastern Australian Time) The time lapse error on the Forum Board will continue until the time lapse has occured and finished.
Though for some other reason, some members are not able to send any post at all, (but instead recieve a flood warning message) Though some forum members, seem to have no problems for some reason.
The Crew at Property Investing have gone ahead and noted the problem and are seeing what happens in the next 24 hours. Problem should be fixed. [] (just a time lapse problem)
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
January 14, 2004 - 11:39 pm
Hi Elysium,
looks like only you and me can get in…
Woohoo! [:o)]
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
January 14, 2004 - 2:35 pm
LMFAO… [^][^][:o)]
“I get food and a trip to America, and he’s screwing me.”
“He certainly is,” the captain said. “This is the Manly Ferry.”
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
January 14, 2004 - 2:31 pm
Hi Gilad,
Positive Cash Flow properties are out there, they all dont come at cheap bargains, some can be found at reasonable price for particular suburbs. Mainly the cheaper properties are more +ve cashflow as the rental yeilds are much higher than average prices.
Though, they are out there, just spend some time looking, you will find them.
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
January 14, 2004 - 2:09 pm
Also a few helpful sites about insurance.
Greater National Group
Insurance Watch
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
January 14, 2004 - 2:01 pm
Oops! 981… post
[:p]
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
January 14, 2004 - 1:51 pm
Hi Gilad,
Properties can be divided into 3 areas.
Metropolitan Areas -ve cashflow
Regional Areas =neutral cashflow
Country Towns +ve cashflow
Majority of the time, this is how the categories will fall.
But if you want best of both worlds invest in =neutral geared properties, either way you can gain one or the other or gain both.
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
January 14, 2004 - 1:45 pm
[:p]… Hey Mel
I can post for some reason…
hmmm, are you sure your logged in?
Anyway Mel, id love to chat…. [:X]
But i got some posting to do…
tata [:p]
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
January 14, 2004 - 11:07 am
Originally posted by AusProp:
I wish they would abolish it so that I could get a decent yield. Unfortunatley there is very little likelihood of it
Hi AusProp,
Could you explain more on what you mean a decent yield? If we couldnt -ve gear, i wouldnt purchase any -ve geared property then and so would many….
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
January 14, 2004 - 10:51 am
Hi Sweetie,
Anyone can rent your property, even you can rent the property to yourself if it was structured in a trust.
When ever renting to a family, ensure that the correct legal process is in place, best to have a third party such as a real estate agent to handle and distribute the rental to you. Or still you can setup an Escrow Trust, though this is doing it privately and is probably more costly to setup, unless your are dealing with commercial property, then it would be visable to do so.
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
January 14, 2004 - 10:43 am
Hi Karan_mak30332,
Yes Stamp Duty is deductible on a IP, though you cannot claim it all in one tax return, until you sell, but you can claim it over a 5 year period if your intentions are to keep the property for this length of period or if you dont ever want to sell 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