Hi guys,

but sorry to be the party pooper. The 11 second solution was only good when interest rates were at 5%. Now that they arent and if you are using interest rates of 7% you need to find a property with a gross yield of 14% to be positive cash flow.

If not, forget that 11 second solution, it might be good for sorting out properties, but your only gonna get neutral or just gone positive geared properties due to the interest rate hike.

Other than that, if you do want to use the 11 second solution, have a cash deposit of about 20 – 30% of the purchase price, for the property to be positive cashflow.

Sorry guys to be the party pooper, but that 11 second solution, has passed its time and you need a new caculating forumula to work out 14% gross yields at current interest rates of 7%.

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
http://www.theenlightenedway.com/tools/mil_calc.shtml

Hi Xenia,

I dont think, you will find many schools around,
You can try to teach your kids so much, but its up to them, if they want to pursue and further go on and become succesful.

A good book i can suggest is, Rich Kid, Smart Kid – How to give your child a financial Headstart. by Robert Kiyosaki

hope this helps
s.i.s

Hi rickyw,

To be honest, sometimes a deal might seem too good, and it may make you feel uncertain and a bit weary to grab it and invest in it.

For me personally, i think the selling price is still to much and that the property is not positivly geared, this property would fall more under a neutral geared position, though, one of the guys i talk to on here in person, we both have come to agree that you need to be aiming for about 14% yeild return for the property to be positive if you are using 100% finance, though for this property, i would be aiming to put down a 25% cash deposit for it, to be positively geared.

hope this helps
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
http://www.theenlightenedway.com/tools/mil_calc.shtml

Hi Kavita and Guru,

The meeting overall went pretty dam well, lots of discussion and you could say a quick crash course in all the differnet types of Trust, Thanks to Guru and Chan$.

Overall the meeting flowed very well and plenty of discussion, of interest rate rise, is it or is it not a good time to buy, a little about loan structuring, what resources are out their for property researching and finding.

Also the other benefit was, being able to put a name and face to the members from PI forum. Overall, i think everyone came out happy and we all did learn something and many new things too.

Excellent Meeting Overall

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
http://www.theenlightenedway.com/tools/mil_calc.shtml

Hey Guru,

what about dating your of $51,678 cheque, for Year 2025

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
http://www.theenlightenedway.com/tools/mil_calc.shtml

Hey PropertyGuru,

Even at 40k, i think your gonna have to still bid higher than that, BEAR1964 has even added a slave trader, kids and a dog.

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

Hi Kay Henry,

Sorry to reply late to your post,

quote:

---

How you bought your first IP- like did you have a cash deposit

---

For my first IP, i had a cash deposit, and secondly, i was working 2 jobs at the time. What happen was, i moved from Brisbane to Sydney, due to my grandma getting sick, and that i really had not much choice, but my mum, asked me to go down and look after her mother(my grandma). Well, i did that, but my grandma, was staying sick and getting worst… leaving me with no choice but to live down here and look after her. In the beginning it was hard, cause i wanted to go to Uni, but to go to uni, i needed to money, i had cash in the bank, but i didnt want to touch it or waste it. So i worked 2 jobs for a while, and you could say i worked day and night everyday, the big day came, i started uni, quit one of the jobs and continued working 7 days at that job for about 5-6 months, while attending uni at the same time, Just as i was enrolling for uni,

Before i came down to Sydney, i had been pre organising a pre loan approval for myself to get a place…..well after working so long and having a good savings and income stream, the banks increased my pre loan approval. And by now, because of my new situation, i had started uni here and i had to look after my grandma, my choices about purchasing a place for myself, change,

quote:

---

When you were able to invest in the second one- and how etc

---

well, i pretty much knew i was stuck down here for a long time, so instead of purchasing a PPOR, i used up my entire loan approval and bought 3 properties in one hit. 2 were neutral and 1 was negative and these were all in Metropolitan areas. Almost overnight you could say each property almost doubled. And that was just the begining of the PI, not long after that, i just learnt everything and anything about properties and the property market, i can honestly say i was spending almost every spare second learning about properties and other investments.

But anything is possible i believe, but i guess it depends how determined and how hard you will work for something, though i guess the more effort you put into something the more results you will get.

sorry about the long post guys.
cheers

s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

Hi Adam B-C,

Check out the link, it has the info there,
https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=6115&whichpage=1&ARCHIVE=

But no real secret, just lots of researching and studying the property market, thats all, and learning quickly which areas are about to go boom or rise and knowing to buy at the right time.

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

Hi Blowie,

thanks for the link, im having heaps of fun with it…[][][]

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

just keep looking, you will find them.

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”