Forum Replies Created
every car i have purchased has been less than 3k, i just dont like the idea of buying an asset that will depreicate in value over night, though everyone in my family drives a brand new car and all this years model.
Even my 17 yr old sister payed cash for her Holden Cruze which is only about 2 months old and new, I mean im sure her car lost about 5k as soon as she drove it out the doors of were she purchased it, now thats a waste of money.
dont worry ill live, but could you please tell us what time the site will be down and what time it will be back online?
thanks still_in_school
noooooooooooooooooooooooooooooooooooooooooooooooo!!!!!!!!!!!!
i agree with both Castle Dreamer and Nu Gen, but if you can see the interest rates risin and not going above a set buffer you decide you should be fine.
But for me personally, i cant wait for the interest rates to rise, its gonna make people who went out and bought a house and are just making repayments but if interest rates rise, that means theres gonna be some hot property on the market then.
Which would make a perfect time to buy some real HOT property!
i want interest rates to rise, so that there will be so many hot properties on the market so tha ti can get my hands on them.
dont you guys want it to happen?
housing comission ex houses are brillant, high capital return and, for the ones i have, had no problems in getting to be rented out. my best friend who is 20 whos family lives in a housin comission have been offered to purchase the one that they are livin in.
purchase price $90,000.00 Market price $190,000.00 though they are only gettin this deal as they have lived in that home for amost 7 years not bad but.
hi saskatoon,
i just worked the information based on how much the sellin price of the property is.
Other costs i just assume that will be paid in cash, and only the loan for the full amount of the purchase price is required.
thanks
still_in_school
Hey guys, thanks for your replies, i will talk more tomorrow on here, just at this moment i only have a breezer to check my email but i will catch tomorrow on this topic and get in touch.
thanks
still_in_school
i think all the time is the best time to buy.
what i mean is some were, were everything is just hits it boom, some where else is just leveling out and else were property rises are rising, maybe fast or maybe slow, but there is always some were good to buy, just knowin were [?]
just know where and when to buy and sellin at the right time will continue your property portfolio
refer to my mistake as passive profit as “passive profit as a percent”
hey Sophsi, yeah i was advertisin myself… lol but i dont think i did a good job of it, but
seriously sophsi, i think you should charge people anything under $100,000.00 at $2000.00 fee and anything over $100,000.00 at 2% of the selling price.
I think thats about average across the board but if i was you make a new post and head the topic as something like, “Property found for investor spotter fees priced.” and see if anyone would be interested, i mean its good in here to talk about it, but i think making a seperate topic you will get much better respone and maybe someone would be interested straight away and doing so you will have access to some quick cash quickly
Wish you good luck.
Making Money is Some Ones Losses…
sorry guys about my ignorance, but what does FHOG stand for?
oh sorry about that, not thinking and puttin in the wrong caculations.
thanks positive cashflow
Hi Castle Dreamer, ive always been interested in the car parks but never have gotten round to them, serious question though, were would i go abouts to get contact information about getting hold of carparks that are for sale?
Thanks heaps
Cheryl that property you found for $85,000.00 dont just go all off about it talk to the agent and see if you can get the price negotiated or to save up more finance speak to the agent and ask if they can put the property into a 2 month settlement agreement either way you still have a chance to save more money and you dont know you might just be lucky.
cheers
still in school
actually sophsi, i was gonna ask that does any body want a spotter. Well i guess since we are talkin about it, would anybody be interested in a spotter if so i think a fair price would be anything under $100,000.00 at $2000.00 fee and anything over $100,000.00 at 2% of the selling price.
This could be negotiated by both our solicitors were they can make the direct change or swap over of cash to information to each other.
Drop me a line if you are interested
Thanks still_in_school
To get the Profit yield against the loan and not to take in cash on cash as consideration is worked out like this.
$70,000.00 purchase price – weekly loan repayment $104.92 (based on 6% over 30 years)
Rental = $150
Passive income = $45.08Profit yield against the loan = $45.08 divide by $150 = 30%
nah i dont think 1% cmon maybe half of the people will think about it, half of those half will give up and only maybe a very few will persue and others will tag along and watch some one do it first before they take a turn, but i dont think 1% only
hi cheryl,
here i will give you an example of what puttin a deposit on a property can do to make it positive geared.
here is an example.
Price of property is $120,000.00, the rental income for this property is $170 a week for example
$120,000.00 at 6% over 30 years = $179.86 a week in weekly repayments. (the rental does not cover the weekly loan amount)
Lets say you put down a 10% deposit, which would equal $12,000.00
Your actual loan amount would only be $108,000.00
$108,000 at 6% over 30 years = $161.7 a week in weekly repayments. (This would cover your loan, as the rental exceeds the amount of $161.7 a week, though after insurance and mortgage protection it would be sitting right on border line of payin it self off)
Hope this helps cheryl
to be honest pousti
get both if you can, let me explain
say you get a +ve cash flow property with a passive income of say around $50 a week, instead of pocketin that money invest that $50 into another property for example a -ve gear property, lets say that the in the simplest form that the bank wants an extra $50 cause you tenants rental doesnt cover the loan, you are able to kill 2 birds with 1 stone with no expense.
What im tryin to get to is that were you make a profit you have have to make lost to, but you can minimise this and maximise your tax return if you have both.
Also havin both you will get more experience, were the market is platuing out and there is no capital gain happenin its best to have a +ve cash flow property then, but say if you the market is just boomin with plenty of capital gain thats a good time to have a -ve property and sell it for some capital gain.
But in reality it would be better to have both a postive cash flow property and a market that is producing capital gain.
