Forum Replies Created
These times when a rate rise is occuring will many bargains in the market place.
Speaking from experience I am glad that I made
the decision to fix my home loan rate.quote:
Hi,Call me simple, but I would have thought that property prices coming off record highs would single the start of “buying season” for astute property investors.
As such, it also marks the end of “seller’s season”, where anything vaugely called a property increased in value.
I expect that I’ll buy more property in a down time than in a good time, provided I can:
Find the right property
At the right price
With the right person
Using the right strategyNow is the time to stand firm, take a position and act accordingly.
Buy your straw hats in the winter time [8D]
It’s only doom and gloom for those who bought without a strategy or became greedy.
Bye,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********quote:
I have a Hypothetical that I would like some input on.Say you bought a 2 bedroom, 1 bath, LUG unit 3 years ago in BNE 6km from the city for $125000
It has been quietly renting and breaking even once all costs are factored inc. body cop & rates (rents for 210p/w).
You have recently had the property revalued at $220k and still owe $115 on current loan.
Do you:
a) Refinance, look for another +ve IP or 2 and Buy
use some of the money for education on how to do this well.b) Use Equity to start share portfolio and to fund financial education i.e. course in share trading and investing.
c) Sell ip, pay CGT and use cash for above
d) use equity to renovate and push rent up
E) choose your own adventure!
your thoughts?!
What the mind of man can conceive and believe, it can achieve.
