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i always tell the agent, im coming up there in the next month, but usually i make friends and contacts with people in the area that i purchase, who are happy to tell me how things are looking.
cheers
s.i.sSave 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.”quote:
SIS,Any chance of divulging the stats of the places you’re buying? In terms of purchase price v rent received? It’s cool if you don’t want to, I’m just curious to know what yield you’re chasing.
Cheers
rHi Richmond,
Basicly its the same places were everyone is buying, its more that i can beat people to them cause ive had the free time to learn and study the area and its demographics, but mainly if the property is renting for example $150 a week and the bank wants $85 a week, and the property meets my critera it will be a must buy. Its mainly the way i caculate and differentiating the difference between a positive cash flow property from a passive cash flow property. As long as the property is making a surplus after all expense over the year. Then its a must buy, but i dont just buy +ve cash flow property,
When looking for IP, i target 4 different types of geared properties.
1. Passive Geared Properties
2. Positive Geared Properties
3. Negative Geared Properties
4. Neutral Geared PropertiesThen i simply use the offset gearing principle to work out which type of geared property i need to purchase.
cheers
s.i.sSave 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 Celivia,
Theres no real secret, i just have lots of time on my hands, i work nights, but have daytime free, but really its just a passion i have for doing it. At the currnet moment im still at uni, going to tafe next year but i just take one thing at a time,
My days are like this.
12.30am just after midnight, get up get ready and go to work,
8.30 am finish work and home by 9 am
then from 9 am till about 6 – 7pm im free to do what ever during the day time,during that time im lookin at property or either in class or having a quick day nap but thats when i can do the things that most people cant do and its perfect too, cause most buisiness are open from 9-5 and thats when im free and i just love it, and it works out nicely
lol, i drive an old car, not old old but about 11 years old, its nothin special.
To be honest, you really need lots of free time when property investing, if not its alot harder cause your free time may be tied to other commitments, which could be stopping you from finding a great or good potential invesments.
cheers
s.i.sSave 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 CheekyOldBAt,
Yes we do have single men on this forum, lol, by any chance are you in Sydney?[
]cheers
s.i.sSave 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.”[FONT SIZE=+4]And a very Big Thank you to all of you,[/FONT]
Job Well Done!!cheers
s.i.sSave 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.”Shares and Property both have the cons and pros, what i like about shares is the quick buck that can be made and quick liquidation, not only that you dont have to sell all the shares you purchase but you can sell half or 1/10 its up to you, but with property you might not have this advantage, but thorough plannin and structuring, you can purchase property that can double in price in almost one year, that can give you access to large amounts of equity, redraw and cash on profit.
It really depends what you like more, but for some of us, if you cant help yourself or make your mind up, play both the share and property game.
One other thing about property is that its tangible and shares are not.
cheers,
s.i.sSave 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.”Standard Variable Rate that the banks use.
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s.i.sSave 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 kyl_37,
Are you refinancing your loan, or do you mean you are re extending your loan back to over 30 years?
Refinancing and Re-extending your loan are 2 different things.
cheers
s.i.sSave 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 MiniMogul,
yeah there all in Australia, but they are definetly out there.
cheers
s.i.sSave 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 ENJOLady, does that also apply for selling property lower than your purchase price?
cheers
s.i.sSave 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.”Im Agreeing with Annaw2, you definetly need a good accountant, the rest is easy from there.
Find property and getting finance, is the easy part but if you have an accounting background you be laughing, this makes it, all the easier.
cheers
s.i.sSave 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 Guys, how are you guys looking for +ve cashflow properties?, they are still out there, just the friday gone i was able to close the deal on 2 more +ve cashflow properties and one being a 5 bedroom home, less than 100 metres from the CBD, with all necessaties. On average now between me and my partner were purchasing a +ve cashflow properties yet they are passive with a surplus roughly every week or every second week.
just keep looking
cheers
s.i.sSave 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.”sory i edited out the information, but i think you can guess it,
cheers
s.i.sSave 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 Richmond,
lol, my business partner is really my mother, but cause my parents are divorced and she changed back to her maiden name, many agents we deal with think we are partners, though they get mixed up when they find out the name of her trust is “xxxxxxxxx”…lol
As for the gf thing, been single now for about 3 months, i moved south, relationship didnt last any longer and since then just been a free bachelor.
cheers
s.i.sSave 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.”quote:
Hi Secret Intelligence Service.Yes I have heard that one. It depends which Private School you went to and how big the plum is in your mouth.
Try chish and fips.
Regards
Hi Muppet, lol i cant say “chish and fips” lol even getting the words out are hard enough, lol
cheers
s.i.sSave 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.”
As the saying goes.
“Buy at a profit, sell at a profit, but always leave a little profit for the next man”
cheers
s.i.sSave 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.”what about the classic one “you want fish and chops?”
cheers
s.i.sSave 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 i wouldnt invest in Mt Morgan, thats my opinion.
cheers
s.i.sSave 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 TeacherK6,
actually i do that alot, many of the properties that are suppose to be into a binding contract, i will offer just a slight higher bid, not to much but get the contract signed immediately and have the deal sealed, before the other party who also wishes to purchase the property and finds it already sold.
cheers
s.i.sSave 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 Celivia,
There are student loans and credit cards that are available. Really you will have to go to the banks directly and have to ask. The banks that i do know that offer studnet loans are Commonwealth, Westpac and National Australia Bank, though the maximum about average a student can borrow is $10,000. Each bank has different rules and procedures, but mainly there is no interest charged on this loan, but once the course is finished they will kick in the interest, though they give you something like 12 months after you finish your course to pay for the loan before they hit you with the interest rate, this will depend on which bank though(Sorry but im not quite sure what the interest rate is, but its some what low like in the 6 – 7% i think[?]).
Though they will do some testing to see if she is eligdable, but the income test will be done on the guarantor of the loan. Not your daughter.
Hope this helps, but i cant really say to much but that is what happened to my friend who was able to get a student loan.
cheers
s.i.sSave 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.”
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