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Still in School
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@still-in-school
Join Date: 2003
Post Count: 1,844
December 4, 2003 - 7:59 am
Hi Rolonation,
To each of us and in our own opinions, some of us will vote in different ways to gear property. But from my experience, Positive geared properties have little capital gain or capital growth, as compared to negative geared properties that have been able to appreciate almost over night. Yet the advantage of +ve geared property is that, the property will look after it self and will not hit your pocket hard or at all.
To be honest, i think a good property portfolio must have some diversity, like some:
positive geared
negative geared
passively geared
neutrally geared
just a mix or balance, but its up to you, i know most people prefer just +ve geared, but its up to you at the end of the day.
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.”
Still in School
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@still-in-school
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December 4, 2003 - 7:39 am
Hi Namaste,
I have met Otto and i can tell you he is great bloke, hes been allowing us to host meetings about property investing at his firm, were he works. If you are interested i will put a link here to some one you can get in contact with, who deals more with Otto than myself.
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.”
Still in School
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@still-in-school
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Post Count: 1,844
December 4, 2003 - 7:35 am
Hi Huey,
Here is the link
https://www.propertyinvesting.com/forum/topic.asp?whichpage=2&ARCHIVEVIEW=&TOPIC_ID=5350
You will find minutes of the meeting, near the bottom of the post.
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.”
Still in School
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@still-in-school
Join Date: 2003
Post Count: 1,844
December 4, 2003 - 7:28 am
Hi Huey,
the next meeting is on next thursday at 7pm at Five Dock, it be perfect for her if she wants to come, im going to paste a link here so you can see, if you think she would be interested.
We have tried to have a weekend session, but with no luck many people want to have their weekends for themselves, but check out the link and see what you think.
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.”
Still in School
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December 4, 2003 - 2:15 am
Hi Melbear and Huey,
Im happy to provide help and mentor people if they want, there is a group of sydney investors, who some are new to property investing and many of them are twice my age and i come along to theses sessions in learning myself but also give advice, explainations and examples to help them futher their knowledge and directions in property investing.
If i can help someone into the right direction, i am happy too. Many of my friends who are my age, some of them, have now purchased there first investment property and others are saving hard to get a quick cash deposit. But in the mean time i try to help them and give them honest opinions, which can open there mind and give them more opportuniites and choices.
cheers
s.i.s
Ask your daughter if she would be interested in learning, if she is, im happy to mentor.
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.”
Still in School
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December 3, 2003 - 10:47 pm
A line of credit is where you are granted a line of credit against the equity you have in your house (that is, what the house is worth less what you owe). This type of loan is similar to an overdraft and the interest rate charged is more than a normal vairable loan but less than an overdraft. You are given a cheque book with which you can draw up to a certain limit.
You can pay off the loan normally, you can pay off exta or you can withdraw money up to your limit. If you pay back more, you will earn the mortgage rate of interest on the extra repayment, which is offset against the mortgage owing and is tax-free. You can withdraw funds to pay for anything from a share or property investment to a holdiay or a new car. The obvious risk is that with such an easy and readily available form of finance on tap you may end up never paying off your mortgage.
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.”
Still in School
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December 3, 2003 - 10:48 am
Hi Huey,
im young, nice and sweet too, and in uni as well, i would be interested in mentoring for your daughter.
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.”
Still in School
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December 3, 2003 - 8:39 am
Interesting statistic if i can remember right, but if im wrong some one please correct me.
People who are age 65 today. In a group of 100.
1 – Is Wealthy
4 – Financially Free
5 – Are still working to support themselves
61 – Are on Government assistance. Living on $200 a week
29 – Are Dead by this age.
well i can guess were most of us want to be.
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.”
Still in School
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December 3, 2003 - 7:29 am
Hi flatcat,
keep searching, 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.”
Still in School
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December 3, 2003 - 7:10 am
lol, sorry Julian, i honestly thought you were a chick, my mistake and apologies…well people i guess ill be gone away from here for the next few days.
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 $1 million.”
Still in School
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December 3, 2003 - 7:06 am
Hey Cornel,
So hows everything with your apartment going? anyway man good to see you on here, enjoy your holiday man, and make sure you thinking about us all, ….. lol, you lucky ba$tard…. i cant even take time off work.
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.”
Still in School
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December 3, 2003 - 5:30 am
oh before i forget, dont rush out and do this idea, if you are thinkin about it. Talk to your lender first and make sure they do allow for re-extending your mortgage loans, and also some lenders may charge a fee for re-extending your loan, but make sure that you do correct your loan when interest rates are low and your affordablitiy is right and suited for you, or else you be paying alot of interest,
use this as a temporay way of handling huge amounts of interest or debt that is getting a little out of hand.
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.”
Still in School
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December 3, 2003 - 5:08 am
Another option that is available is, if you have time on your side (i mean, if you can sacrifice a few years)
Eg. $100,000 at 6% over 30 years = S149.96 pw
After 2 years you have payed your loan down to $90,000 but interest rates are rising and you are now paying weekly repayments at 7% at roughly $166.28 per a week.
If you have the time on your side and you dont mind the scarfice, go ahead and re-extend your loan back to an affordable amount.
eg. $90,000 over 30 years at 7% = $149.66 pw
once the market interest rates come back low again, re-structure, re-organise or refinance or what ever you want to do and bring the loan back to an affordable amount, were your repayments are near or back to your orginal mortgage loan(from the begining.)
This way if you are worried about interest rates, but know what you are doing, or know how to take control, you can still be paying your mortgage loans off nicely at your affordablilty rate that suits you best.
cheers
s.i.s
hoped i explained that well enough.
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.”
Still in School
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Post Count: 1,844
December 3, 2003 - 4:48 am
it takes me 16 seconds to think about it, another 8 seconds to apply it, then a minute to find a caculator and another 12 seconds to punch the numbers in and then …… uh oh how many seconds was that?[]
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.”
Still in School
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December 3, 2003 - 4:32 am
Hey Julian,
where abouts in sydney are you based, im also around your age (im 21[])and also are you by any chance an accountant or is someone in your family one, just the words you used in one of your posts, was an accountants expression.
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.”
Still in School
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December 3, 2003 - 2:51 am
Hi Westan,
Im talking about a specific town, that i dont want to mention yet at this time, though the auction that was held. Was held at 2 different places at the same time, one actual in the town or nearby, though the agent was telling me they had satellite or some sort of new age technology, were the biddigs were occuring simultaneously between the actual town and bidders who were at Adelaide at the same 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.”
Still in School
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Join Date: 2003
Post Count: 1,844
December 3, 2003 - 1:49 am
dam…lol you got me again
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.”
Still in School
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December 3, 2003 - 1:45 am
Hi Ghotib,
lol, i just edited my last post before you posted, but ssshhh dont tell Melbear, she didnt catch me.
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.”
Still in School
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Join Date: 2003
Post Count: 1,844
December 3, 2003 - 1:41 am
lol very funny and deceptive you are Melbear,
lol ill be reading your post more careful next 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.”
Still in School
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Post Count: 1,844
December 3, 2003 - 1:35 am
Hi Melbear,
either mid to late January, but if not i wouldnt be surprise by if the banks begin talking and sneaking up the rates another .25% by then. Its kinda obvious if the RBA are talking about interest rates rising the banks will begin to step in and will begin fixing interest rates at a higher rate to protect them selves, this also applies to the variable rates too.
Another rate rise i see.
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.”