Forum Replies Created
SIS
That is very interesting, maybe people will stop trying to be property spotters on ths forum[}
]Like any business there isn’t any easy way, it’s all the legal way[8]
Cheers
Leigh K[]Carve your own path and lead the way …
Hi Kay
I recall from some time back seeing some posts about this group, I can’t find it at the moment and can’t recall the details but surfice to say just check them out first.
Nothing is free! That’s a bit synical isn’t it!
I would certainly love to know how it was if you do attend. Please keep us posted.
Cheers
Leigh K[]Carve your own path and lead the way …
Hi Scotty & Kyles
Welcome to PropertyInvesting.com – home of positive cashflow real estate investing.
For my two cents, I understand what you mean about the numbers they are enough to make you feel like a high school drop out … stupid part is I can remember the lesson on yields and returns and clearly remember saying I don’t intend to go into any field dealing with this stuff.[V]
BUT, now I know a lot about them I am actually impressed that I can calculate most bits of info on the fly these days.
Just a real quick glance over your figures show that both are negative geared … meaning that if you are already on low incomes both of these deals will see you with less income each month. That’s for you to decide if you can live with less. Personally I would think that if you’re on a low income then you would be wanting to add to your income instead of take away. Well that is the type of investing that most of us do around here – low income or not.
Back to the numbers my advice is to not buy either property until you do understand the numbers. It might mean you have to wait 2 or 3 months but you are responsible for your deals make sure you know how they work.
Good luck to you guys and I look forward to more of your posts.
BTW, do a search and you will find loads of info about calculating returns and yeilds etc.
Cheers
Leigh K[]Carve your own path and lead the way …
PG
You are a bit of a collector aren’t you? Collecting stars and now PMs, I bet you spend a fortune on those recipe cards from double day!
Cheers
Leigh K[]Carve your own path and lead the way …
quote:
Originally posted by KazonthebeachI’m aware that this forum is a brilliant informal mentoring opportunity…..and I’m definately reaping the benefits, but something tells me I need to hook up with an individual at some point in this journey – if only fleetingly – and I’m yet to find the right person. My individual financial circumstances do not fit the basic mould, and I’d really love to put it all out on the table for perusal by someone further down the track than me. Ideally this needs to happen in these early days while I’m formulating my “tactics” (thanks for the Goal Setting plans [
] in the Dec newsletter).
My accountant is not quite the right person and he probably thinks I’m one sheep short of the top paddock at present (viz a viz my multiple property investing aspirations)!!Hi Karen
Welcome to the forum, albeit a tad late[
].I just wanted to highlight something to you, when starting out in an entirely new direction the need for someone to show you the way is strong … but keep doing what you have decided to do and you will move forward all on your own.
I have been where you stand now – only 9 months ago, Oh my god it’s actually been 11 months since I came here, wow! Anyway before you know it you will be telling somebody else your story to encourage them to embrace the fear factor and take your time.
You are well on your way already. We also identified our accountant was wrong for our new plan so we went and found the best.
Good luck with your future, you are going to be great![^]
Steve
Well done on the article praise, it is well deserved, as you know I have recently been reading it and am impressed but not surprised at it’s simplicity and bulging facts, just like everything else that I have read of yours and Daves.
At the begining of last year we made a News Year Resolution to buy “our” investment property (meaning the only one we expected to ever buy) of course a neg geared unit and this past NY we didn’t even bother with a resolution to buy more IPs – it’s just expected now!
Thanks for being there to help us along the way, also a thanks to Dave, Brent, Sooshie, AD, Wilandel, Mini and everyone that gave their support throughout last year.
I hope I can return the favours someday.
Kind regards
Leigh K[]Carve your own path and lead the way …
S.I.S
Buddy you amaze me … for someone who is so young you seem so experienced and wise. Your advice always sees to be level headed and often thinking out side the circle.
Good on you for being such a fantastic contributor and inspiration to everyone.
Cheers
Leigh K[]Carve your own path and lead the way …
Hi pmaurice
Welcome to the forum. I too am finally enjoying Stevos book, it was given to me by a good friend for Christmas when he found out that I had already bought 3 copies for other people and none for myself yet. Actually the last copy I bought prompted a lady in the checkout queue to tell how wonderful the book was and that I should really get a lot out of it. I just smiled and thanked her.
Anyways, just for my 2 cents, we look for property that is cashflow positive (so makes money from day one) based on teh purchase price, but we still put in the 20% deposit as our bank likes us when we do that and we know they will be happier lending to us while we do that.
My advice is to spend a good amount of time here learning all you can so that you can develope your own set of guidelines or rules for your investing future.
Best of luck.
Cheers
Leigh K[]Carve your own path and lead the way …
Hi Bear
Congrats, so you acheived last years goals … onward and upward from here.
I look forward to more of the Bear-o-files.
Cheers
Leigh K[]Carve your own path and lead the way …
Wrappack
I have moved your topic to the property plus board because it is a more general topic than wraps and will get a better response in this board.
Cheers
Leigh K[]Carve your own path and lead the way …
Kay
I was recently driving through Goulburn NSW and stopped for lunch and browsed the agents windows, out of 4 agents one had one for sale picture and it was miles out of town, all the rest said sold.
So maybe we aren’t the only ones struggling to find properties.
Cheers
Leigh K[]Carve your own path and lead the way …
Hi JB
I am sorry that I haven’t responded to you sooner as I don’t often check into this particular discussion board.
You will note that I have modified the post as of this morning, unfortunately their are a couple of members that are heated up at each other and find it difficult to keep their tempers in check. Hence this is an ongoing problem in the board.
Thanks again.
Cheers
Leigh K[]Carve your own path and lead the way …
Sorry what does that mean Kay.
Cheers
Leigh K[]Carve your own path and lead the way …
Bear
Do you want to do some reno work for a “reno fee”?[
] Cause I’ll buy em if you’ll reno em!Cheers
Leigh K[]Carve your own path and lead the way …
Hi Yack
Your theory is fine for anyone interested in CG. Personally we invest for cashflow as we have a ten year plan (now 9) that will see my better half having the choice whether to work or not.
We do have a neg geared IP that is a huge thorn in my ass[
], I hate folking out the difference … but that is just my 2 cents []. It’s going up for sale this month.[]Good luck with your plan I hope you reach on time or sooner.
I am with Kay, 250k is a lot of money to find deposits for.
Kay just curios about what type of work that you do … Do you mind sharing that info?
Cheers
Leigh K[]Carve your own path and lead the way …
Cots
Welcome to the forum.
Try doind a search of past forum topics as you will find many recommendations.
Cheers
Leigh K[]Carve your own path and lead the way …
PaulPaul
Welcome to the forum, I have moved your post to Opinionated as it is not directly related to Wrapping and is a general discussion of a persons/companies work.
Thank you Kay, I agree with your comments.
Regards
Leigh K[]Carve your own path and lead the way …
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] in the Dec newsletter).
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