The Contrarian replied to the topic Buy…or invest in the forum Help Needed! 18 years, 1 month ago
Hi Katie,
Firstly good on you for thinking about the future… From what I gather you’re 22 and looking to purchase your first property.
At the moment, I’m not sure how financially literate you are so for now I can only assume.
(Atleast you sound like you’ve got your head screwed on)Now, you mentioned that you have around $22-25K to play with.…[Read more]
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The Contrarian replied to the topic Is now the time to buy in a slowing Sydney market? in the forum Help Needed! 18 years, 1 month ago
I have looked at some statistics from the ABS.
Basically it indicated that judging by past performance from 1976… we have a few years before things will pick up in Sydney.
The last cycles were 7 years & 11 years… We are now 2 years since the last peak and counting. Having said that, it’s always good to note that these are general figures. I’ve…[Read more] -
The Contrarian replied to the topic Young (at heart) Investors Club up & running! in the forum General Property 18 years, 3 months ago
I’m also keen for the Sydney group.
Please kindly PM me.Great idea guys!
Cheers,
[medieval]“There is nothing scarier than ignorance in action”
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The Contrarian replied to the topic Is this a good deal? in the forum Help Needed! 18 years, 3 months ago
Hi Lena,
That sounds great on paper! Good work to find it.
A few things I would consider:
* What sort of area is it? Rental supply / demand? Demographic?
Would you live there yourself? Is there a good infrastructure?
* Have a look at the strata report?
Any thing wrong with it structurally?
Cosmetic problems are fine… ie paint, lights, etc.
How…[Read more] -
The Contrarian replied to the topic Cost Of Building in the forum Help Needed! 18 years, 3 months ago
Hi Daniel…
$200K is too much if you are looking at a small size house.I am building a standard 3 br, 2 bathroom, double garage brick home from Beechwood for $112,000 (plus carpets etc). For reference sake, it’s called a Vogue 2001… and it looks great!
Generally for investment properties, you are better off getting a “kit home”… (ie. the…[Read more]
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The Contrarian replied to the topic Wife wants to quit job to invest full time in the forum Help Needed! 18 years, 4 months ago
Robert Kiyosaki measures financial freedom by asking the following question:
“If you were to quit your job today, how long could you survive?”Perhaps she should ask, does she have enough income to support herself for the rest of her life (perhaps from rental properties) without a job.
If so, then go for it.
If you are fortunate to be in that…[Read more] -
The Contrarian replied to the topic Answers to “Where to Find CF+ Deals” in the forum Help Needed! 18 years, 9 months ago
All securities come with a risk.
However if you wanna take a risk and find 9% or 10%
then here’s an exampleSorry guys, but this one’s taken.
BTW, my personal opinion would be to balance your portfolio…[Read more]
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