This is a very interesting toptic. I have been pondering this myself for a while. HOW MUCH DO I NEED TO LIVE?? From month to month, day to day?? all expenses need to be covered, like car payments, maintaining a household, having one to two children, maybe take a holiday every year etc. How much does one resonably need?? In my mind, i am thinking…[Read more]

Great piece of advice JacM. I will tell a little story of my last purchase.  It was a unit, listing for 258k, and i wanted to offer, 240k, the agent said " no no, that is far too low and he has already refused offers under 250k"  So, silly me, i wanted the unit bad and when the agent told me that she had pple comming to put their offers the next d…[Read more]

Im sorry to be a nark, but did he say when?? it was supposed to be the begining or end of Dec, now its nearly Feb.

Yeah it should be fun, the planning, and the completed product. but not while i do it, i anticipate alot of headaches and supprises while im in the process. Maybe i can post before and after photos?? is there a function where i can do that, i dont see any photos on this forum!?

Yeah, thats for another IP i have. What im trying to do, is squeeze as much money out of my properties as possible. What can i change to increase the rental return?? they have been CF neg, what can i do to turn them into CF Pos???The renos im doing on my other two are for maintenance reasons, the bathroom is just too too old, and needs fixing too…[Read more]

My Goodness, all these wealthy people not spending their cash!! It sorta makes me feel guilty about buying a new car back in May 09, 50% rebate encouraged me to upgrade. Toytoa camry, touring, cost me 30k. Yes, a car's purpose is to get from point A to point B, and yes, the money is better spent on investing and apreciating assets like property…[Read more]

Im not too sure with Greys online, ive never used it before. What do i search for, how do i bid, is there a buy it now function like ebay??Honestly i have never used greys before, and i will be in Brisbane Southside area

So so cleaver.

Ohh Wow. So they dont ask you for any papers, or application forms or security?? Just send them $6000 and in 3-5 days time, they send you $300k??? Wow, it seems…. well  too good to be true

This is a great thread topic W4Life. I started investing in property back in 2002 and by 2004 i had 4!! Since then i have sorta taken a back seat approach, did nothing for 5 years. But now, i am in the game again, just settled my Unilodge investment in sydney, 2010 is going to be big this year. I aim to accumulate up to 5 more properties, Being…[Read more]

Could Be, or maybe, in 10 years time, all the money that Hammertime invested is returned, bringing the cost down to nothing!!! Note to Self: Must  work out how many years it will take to recover all money invested in Unilodge. Will post later

 Thanks D I checked out Grays, but didnt find what i was looking for, but what it did lead me to, was Ebay, and then to Trading post. where i found a discount trader of this sorta thing in brisbane, so thanks alot. i now need to borrow a ute, I have checked out all  of the rental companies, and the cheapest i have found is about $50 a Day.

Hammertime wrote:
Hey guys,It's positively geared and will pay itself off in around 10 years, for 30% down.

Hi Hammertime I sorta dont understand this, you say that it would pay for it self in 10 years, but when i do the simple calculations, 511*52 by 10 years, is only $265 720, wont recover the 280k that you have paid. NOT even taking into…[Read more]

I have a mixture. Combination fry noodles for me!!!

I have for units n houses in Brisbane, and one unit in Marchoochydore. Now I am looking at places in Sydney, unilodge is student, I want a few in west Sydney, looking at rural and looking at NZ soon. And maybe if I can het my head around all the hoops they want me to jump thru, USA investing.

Hi, Just reviving an old thread. Are there any more opportunities like this?? i understand this thread is 6 months old, I wonder if its too late to get onto this bandwagon now. I have been told to have a look at this area, because although it is not the best suburbs in sydney, it should do well in the next 5-10 year time frame. What i am looking…[Read more]

U are right. There is suppose to be a dedicated area for us to log into and share ideas and have like an exclusive group. What is happening?? and who can we contact in this regard. I want some of the templates in the book and they were suppose to be available to us after we registered our book. i cant even register.

This is what Steve has emailed me on 7 dec 09

$250k Prize

In order to qualify for the two free tickets to the 3 day retreat inAugust 2011, you'll need to have made $250,000+ in profit by 30th June2011. The profit can be realised (i.e. cash) or unrealised (i.e.equity).The critical point is that the profit needs to relate to:a) Deal(s) bought…[Read more]

keiko wrote:
TCL, if your on about 65% LVR with 5 properties you should be able to have a car or 2 and go on holidays every year unless your properties are at the lower end of the scale.I am semi retired and I am only 29 am at about 62% LVR sounds similer to you also have no kids but am married, But I do have several cars and always take…[Read more]

Hi 5s to Daniel and Young Investor. I also relatively young, 28, and have 5 properties. at the moment, im on about 65% LVR. ( married no kids yet. planning to soon) My goal is to be financially free by 35, not retire, but work when i feel like it, choose when to work and when to have a break. my way of thinking is, If i could generate an income of…[Read more]

I think it was residential rate. 6.32% i think. not too too sure on that. need to check. I bought this one through my trust, and went low doc.