oh no. i see Sue….
this is not good…..
Somebody Stop this!

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hi pmaurice,

It really depends, property can be either positive geared on the full purchase price or with cash deposit.

The main idea is, trying to purchase a property with the minimal cash from your pocket for the purchase and cost, but also proving and allowing the property to be +ve cashflow, while using limited dollars from your pocket, or funds allocated.

cheers,
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Thanks, Jaffasoft []

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hi Kay,

I have seen tiny i mean really tiny studios for sale that are +ve geared. Yet i wont even touch them, there that tiny, you will have more problems in servicing the loan, that the studio will also be harder to sell, when you need to offload it.

But they are there and available and to be honest there not worth it, unless you are prepared to wait, till a buyer who can take if off your hands and doesnt do a proper due dilliegence, is a risk. Other thing too, reason why i didnt touch or pursue them any further, i dont like purchasing units or appartments, nothing wrong about them. I just stay clear of them.

cheers,
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Thanks Richmond,

cheers,
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

oh, i remember that story about how they abolished -ve gearing and how quickly the government had no choice, but to allow investors to -ve geare.

Very much doubt they will ever take it away.

cheers,
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hi Guys,

I do remember Matt, talk about recieving 50k in the past. So he is telling the truth as far as i know.

Yet, i think serioulsy and being able to relate to his age, What Matt is doing is very Pro Active. Honestly, not many teenagers his age, are thinking about their future.

To many teenagers, these days dont worry about today or tomorrow or what the future holds.

I admire Matts confidence in asking this question, maybe because im not much older, but because its people like Matt, who will one day be the voice of us Aussies as we get older.

Sorry not to have answered your question yet Matt.

Though give me a few mins, id like to suggest as many ideas as possible in helping your reach both success and greater knowledge.

cheers,
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hi Yack,

This question is really open, and i feel your gonna get alot of different responses.

How much time do you spend investing in rural properties.
It depends, im like Property Guru [][][], me and him are always thinking about property.

Do you have to drive their often to fix the rentals between tenants?
If anything, i try to do everything, over the fone, email, fax, mail or whatever possbile means and try to avoid having to travel out for any issues.

Do you do it all over the phone with the agent?
I prefer to do it all over the phone and let the agent do it all. Though, they must always provided 3 quotes, yet some of the agents, know i have specific people i use for certain trade jobs. Its just that these people i know are reliable and dont do shonky work.

Who has been doing this stuff longer than 5 years, ie longer than Steve?
Have not been property investing for 5 years, but have been among and around people in property investing since a kid.

cheers,
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hi Diclem,

lol, now that is funny, im still LMAO…

or even talk to the kids….

cheers,
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hi Chan$,

The most easy way of doing it. Is purchase everything on credit card or your debit card. Keep all reciepts, then when your monthly credit card statement comes in. Highlight all the applicable expenses that match your receipts, Your accountant can then go through them quickly and is able to justify them with them with the recipts as proof of purchase.

cheers,
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”