Forum Replies Created
Hi Stevefen
I have got two properties in NHILL, what do you know about the town already?
Cheers
Leigh K[
]Carve your own path and lead the way …
J&KLeahy
Thanks for that[
]Bear
Nah seriously it is, thank you!
Nice to know im not the only one that feels like this at the start, and I haven’t even purchased my 1st property yet, hehehe, actually that’s not what’s scaring me, its using my home as equity that scare’s me, but why let it be stagnant.
My fear was the fear of inaction, I am in my 30’s and I was afraid we would never do something to TRY to more ahead. So in we jumped.
My fear comes from the fact I nearly lost my 1st home many years ago when interest rates got to near 18%. That’s why I stayed away from property investment in the past. I figured, while I have a mortgage I give one of my testicles to the bank to keep in their safe for safekeeping. That way when opportunities come up I don’t have the balls to proceed
I do recall that period of time when rates were that high and I can appreciate your apprehension, but that is what learning is all about, learning about the risk and risk minimisation. That’s not to say there is no risk but without it there is no gain either. When you are ready you will know.As for not having the balls to give it a go … I haven’t got any either[
]Good luck buddy!
Cheers
Leigh K[]Carve your own path and lead the way …
Lister
The SRO website is comprehensive and the guidelines on that issue are very grey, so you would have to make up your own mind on that. I think a call to the SRO in your state might be useful just to ask their position on it.
Cheers
Leigh K[]Carve your own path and lead the way …
You checky buggar! What colour?
Cheers
Leigh K[]Carve your own path and lead the way …
Pinky
Welcome back. I have been on holidays for the past couple of weeks so fortunately missed most of the fireworks and returned in time to see your mega dummy spit. In all honesty I hoped you would not return … but after reading this post I am most impressed, it is hard when you wear your heart on your sleeve to be a bigger person and ask for a clean slate. I hope he gives it to you.[
]My main reason for replying to your post is to address one point
Im seriously thinking about investing over 4 and a half thousand dollars in you and your seminar. For me….I need the assurances before not after
I think that Steve can tell you anything, how great it is going to be etc etc, but at the end of the day you will still probably have reservations about it. The best reasurance comes from those that HAVE forked out the $4000 this year and gone along to Steves seminars. So do a search on Australian Property Investing Masters and APIM and see what we think about his seminars held earlier this year.Good luck to you
Cheers
Leigh K[]Carve your own path and lead the way …
Stuck
Now that adds an interesting problem, you may need to check with your lender but if the PPOR is x collatoralised (spell checker) with your IPs then you will need to fund or refinance the amount used out of the equity (generally your 20% deposit and the costs you borrowed), when you sell your IPs.
That doesn’t sound realy clear let me know if you want me to try and elaborate. Hoe you know what I am talking about.
Cheers
Leigh K[]Carve your own path and lead the way …
Hi Folks
And welcome to the forum.
You can ONLY purchase your FIRST property with the FHOG. The purchase is intended for the property to be your PPOR and you need to move in within the first 12 months.
The length of time you must live in teh residence is not specified and you need to prove you lived there if questioned ie: utility accounts etc. Having said that I am pretty sure that a weekend does not count.
For more info go to the state revenue office website in your state, they have very clear explaintion of FHOG.
Cheers
Leigh K[]Carve your own path and lead the way …
Stuck
By my rough calcs, they are both cashflow positive now in that they would be covering their own mrt payments and general outgoings (making assumptions on cost of outgoings)with good available equity (also based on assumptions about outstanding mortgage and interest rates) but I figured you have about 100k or more to play with.
So my suggestion is to set up a line of credit set up against those two properties and use that money as deposits for new properties.
Hope this gives you something to look into.
Cheers
Leigh K[]Carve your own path and lead the way …
Motiv
I wanted to offer my services as a helper for that seminar but it is my birthday! I personally think it would be a B****y good present, but not everyone agrees with me[
].Having said that it hasn’t come around yet[
]Cheers
Leigh K[]Carve your own path and lead the way …
Steve
Could we also have some new emoticons?
Cheers
Leigh K[]Carve your own path and lead the way …
This is humour, yes[?]
Leigh K[
]Carve your own path and lead the way …
stuck-at-two
I empathise with your situation, and the answer is not going to be a straight forward one, as investing is horses for courses.
But can you give a bit more info like, how long you had each what you paid and how much rent they are getting. I am sure someone here can help you be creative or point you in teh right direction for making a decision.
Cheers
Leigh K[]Carve your own path and lead the way …
Ben
My experience at 2 of Steve’s seminars is that a total cost of around $3000 (hubby & I) was recouped in our first deal, I also have purchased most of Steve & Daves products at a further $1000 approx. and feel every penny was more than worth it.
We played a real estate game at the 2 day seminar which I razzed as being a bit rushed and not flowing properly, but just from that game I have now identified so many points that came out of that game, how to identify buyers, wrappees, renters etc and that the market is often hot and rushed.
At the second seminar they boys didn’t get off the stage until every question in the room had been answered.
I feel I am “streets ahead” because of my investment in my property education.
I haven’t been to any other seminars (with the exception of the free mum and dad -geared ones), but intend to get along to some more of Steves and others during this next 12 months.
Cheers
Leigh K[]Carve your own path and lead the way …
Muppet
Just be kind and don’t give them too much grief[
].BTW, how is your ENJO Garage Glove? And how are your 20 kids!
Cheers
Leigh K[]Carve your own path and lead the way …
M&K
I am no good at keeping a secret anyway, so they would go broke if I paid to find out.[
]Cheers
Leigh K[]Carve your own path and lead the way …
shralper
I have used Stuarts statement checker as mentioned by the lovely Josie and it works very well.
Cheers
Leigh K[]Carve your own path and lead the way …
Skater
I would love to know more if you plan on seeing them could you give us an overview, as I have wondered how this might work for me.
Cheers
Leigh K[]Carve your own path and lead the way …
Oh Shucks[
]BTW, that was 300 posts, wooo hooo!
Cheers
Leigh K[]Carve your own path and lead the way …
Bear
I love reading posts like yours and Cobra’s, they remind me of how I felt only 6 months ago. The first deal is so hard but once you make that offer the adrenalin starts to flow and you are so hyped up and when the offer is accepted you go higher and for a split second you think oh **** we just bought a ****** house, and then back to oh my god we did it!!!!!!!!!!!!!!!!!!!!!!! The second one and third etc just get better from there.
I always ask myself what is the very worst thing that I have to do if things go bad. Sell! Reduce rent! No big deal, do your due diligance and you will do well. Just remember if the numbers don’t stack up then don’t do the deal.
Good Luck
Leigh K[]Carve your own path and lead the way …
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