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  • Profile photo of SwifteagleSwifteagle
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    @swifteagle
    Join Date: 2006
    Post Count: 34
    July 28, 2014 - 6:44 am

    Hi everyone,

    Thank you so much for the replies. I am still leaning towards the idea of paying the mortgage off and using then a line of credit to take money out for other investments. This way I save money interest wise and the money still available if required.

    If anyone else has any more suggestions I would appreciate them.

    Thanks for everyone’s comments.

    Profile photo of SwifteagleSwifteagle
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    September 24, 2007 - 2:03 am


    Hey guys,

    I just wanted to thank you all once again for taking the time to help out.

    It is interesting that something that I thought was silly it is not so silly after all, since people may not have good look at it and en up with a different figure depending what approach they take.

    I wonder how many investors get tricked by overlooking this "silly" thing. 

    Profile photo of SwifteagleSwifteagle
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    @swifteagle
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    September 21, 2007 - 12:07 pm

    Hey guys thats awesome, Thank you very much.

    So, monthly rent times 12 and then divided by 52 weeks will give me the average weekly rent.

    Thank you so much you dont know how long I  was thinking about this and the more I thought of it the more confused I got, Some times you need other people and they will show you the other point of view that you were missing.

    Profile photo of SwifteagleSwifteagle
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    @swifteagle
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    September 5, 2007 - 12:55 pm

    How are u all?

    I guess what many people are doing is doing renos, getting some capital and then moving into buying properties that are going to give them +cashflow as the LVR  is lower because the are using less borrowed money!

    Any one agrees with me?

    Take care.
    Hope this can help.

    Profile photo of SwifteagleSwifteagle
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    September 4, 2007 - 11:04 am

    So I guess u could call it +cashflow then..

    may be the way to go is to gain enough capital from renos to start making deals that deliver +cashflow from rent, since finding +cashflow properities are very hard.
    I may be wrong.. Can anyone give any comments on my thoughts?

    good luck Baby

    Profile photo of SwifteagleSwifteagle
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    August 22, 2007 - 1:56 pm

    Gerry thanks for your post.

    How many properties per structure would you have, so you are not force to cross-collateralise? I hope this makes sense.

    creating a structure per property would not be cheap!

    Profile photo of SwifteagleSwifteagle
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    August 22, 2007 - 2:14 am

    So it is better to stay away from cross-collaterasating altogether, right?

    Profile photo of SwifteagleSwifteagle
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    August 21, 2007 - 11:30 pm

    Guys thank you very much.

    It makes sense what you are saying, but then and other question came up, why would someone cross-collateralise if they could do what you guys just told me and it would be safer for them?

    regards.

    Profile photo of SwifteagleSwifteagle
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    August 15, 2007 - 10:16 am

    Dear Tara,

    Basically if you dont bring down the principal, you will be paying interest forever without affecting the principal at all. Thats on a Interest loan only.

    Profile photo of SwifteagleSwifteagle
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    August 15, 2007 - 2:14 am

    Mortgage Hunter Thank you very much for taking the time and reply to the post.

    It sure makes sense and I have to agree with your point of view.

    Is there any associated risk with doing so?

    Thank you once again.

    Profile photo of SwifteagleSwifteagle
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    August 8, 2007 - 12:30 pm

    Someone has to know something about this guys….please help…lol

    Thanks guys.

    Profile photo of SwifteagleSwifteagle
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    August 3, 2007 - 12:08 am

    Guys It is Awesome to see your points of view.

    I agree with you about starting with the lower valued properties. from your own experiences, what is about the right mount of money needed for one of the lower value properties?

    Thanks guys once again,…..Very thankful for all your comments.

    Profile photo of SwifteagleSwifteagle
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    May 21, 2006 - 3:41 am

    Thank you guys for your answers!

    I am looking getting into + gearing!

    Any Ideas?

    Thanks[exhappy]

    Profile photo of SwifteagleSwifteagle
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    May 12, 2006 - 1:57 pm

    how are you?

    I am 20 years old and i am as well reading as much as I can , and saving like crazy. I already started a small portafolio with the stock market to try to make my money grow faster (it could as well go down, but I KEEP AN EYE ON IT , “MANAGEMENT” as steve call it.)so that way I can move into the property market.

    The only thing i have to tell you is no matter what your friends say keep focus on what you are doing, dont leave your work you will need the cashflow so you can save as much money, we could talk, we may even team up, what do you think? lol. E mail me, I am very happy to know people of my age group with the same objectives, I find it hard to find them.

    One more thing, I am 100% sure that if we keep on trying we will one day find what we are looking for, dont give up and go for GOLD.

    Swifteagle!

    Profile photo of SwifteagleSwifteagle
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    @swifteagle
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    April 25, 2006 - 2:04 pm

    Hey how are you?

    I hope I get picked, lol

    “Connections to success”

    “Right Solutions”

    “Smart Guide”

    “Blue Sky” the sky is the limit ……. LOL

    I hope this can help….

    Bye

    Profile photo of SwifteagleSwifteagle
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    March 14, 2006 - 12:40 am
    Originally posted by giddo:

    Sounds like the biggest question is

    “Will the value of the property RISE?’

    I have no idea, like the others.
    Good LUck![evo]

    Giddo
    http://www.standrewsplace.com.au

    KNOWLEDGE IS POWER

    Hi to all…

    I Dont think the property may rise in value by very much… What i am actually looking for is Positive cash flow…

    I think i am going to look more into it… Other type of properties that cost aroun 30 000 but returns are like $350 a month…

    Profile photo of SwifteagleSwifteagle
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    March 13, 2006 - 9:13 am

    Additional Informantio…Please Help me….!!!!

    Thank you for your answers and i am sorry for the lack of Info i provided.

    I am 20 years old and I dont have a Property yet, but i am looking hard to find Positive Cashflow properties here in Australia an it has turn out harder than it looked in the books…..So i have gone outside the box and I have found properties in an other Country where i could buy, I know the Place, and people….

    Additional Info.

    Country: X country…not Australia…lol

    Good Things!
    Tax: No tax on the rent you recieve.

    Annual rates: around 80 dollars

    Price for a property in a low income area: you can buy a 2 bedroom house for $6,929 Au Dollars. All paid, including stamp duty and all that….

    Bad Things…

    Tax: There is no tax returns.

    Rent:Rent Returns are low…around 54.23 monthly… which is 13.55 weekly.. thats all for you no tax comes out of it… the rent can increase to 16.5 if an extra room is build..wich will cost around $1000 dollars more.

    Exchange rates: They may change…2 years ago 1 dollar would buy: 1850 xxx now it buys 1600 xxx….

    Risk:

    Water and Electricity are under the property name…so if the tenats leave and dont pay, you have to cover for it, however you can make a contract that make them resposible for the bills while they are living in the property…

    I dont really know what to do.. but the numbers are looking ok for the type of money that have to be put down, an as well i will pay the full property in one hit…
    This type of properties dont even look bad, they are just small and for low income people …

    What do you think…? Any Ideas Or Points?

    Thank you all onces again for your time and knowledge you are sharing.

    Profile photo of SwifteagleSwifteagle
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    @swifteagle
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    February 20, 2006 - 8:43 am

    Awsome, thanks guys for your time and for putting it down so well…
    I understand how the wrap works but i was not sure if you need it a positive cashflow property to be able to make it work…..

    thanks guys…thanks you so much!

    Profile photo of SwifteagleSwifteagle
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    February 5, 2006 - 1:37 am

    Thank you so much for you time! thats now clear in my head.

    Profile photo of SwifteagleSwifteagle
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    @swifteagle
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    January 31, 2006 - 5:02 am

    Thanks…

    Today i would like to thank those who have donated some of their time to guide those in need of help.
    Thanks for your time and comments.

    Felipe Palacio

Viewing 20 posts - 1 through 20 (of 20 total)