Oh, and as for Crime. I dont believe it’s a problem. I think it’s too far away from anything. Not near the city or rail.

Tass, I believe there is a very large residential development going in about 5 mins from Jimboomba in a few years time. A small planned city of about 30-50,000 people? I dont know the details.

Jimboomba as an area has been held back by the Beaudesert district council. The reason being that Jimboomba has been itching to grow, but Beaudesert would…[Read more]

I dont really see the big issue with HECS debt.

For the increase in income you get from doing a degree should more than compensate for the what you have to pay back.

I am unsure as to why you are worried about the HECS debt.

If you say earn 60k straight out. You pay 4.5k to govt for HECS. This comes out of your pay at the end of the week. The amount you pay back is on a sliding scale. At 40k, you pay 2k. Below 35k, nothing.

If you take the year off, you lose the difference between what you could earn, and…[Read more]

so looks like i need to read more, – boring!

basically i have 10 g’s, fulltime job and looking to create weatlh asap! i just want to get in there and start!

Then the best thing you could probably do is get in there and start reading, or start learning *somehow*, tapes or seminars or something. Books just happen to be a really good source of…[Read more]

Yeah?

Branson’s Virgin galactic will soon be offering 2 Minutes in space for $US 200,000. He’s expecting 50 passengers a month. They have been swamped with enquiries.

I think people would go crazy for an opportunity like this.

im sure, if he’s dumping $500 mil of his own money into this that he’s done quite a bit of due diligence. [biggrin]

resiwealth,

Im sure not my issue is gearing…? Obviously it’s going to be very negative until development finishes.

I see that my issue is not using the full leverage potentially available to them (he may have crappy servicability, but assuming otherwise). Unless I am not understanding you correctly.

I can understand the points raised by others.

You can’t easily police alot of things.

It’s only through slip ups that shoddy practices like conflicts of interest and so on are brought to the fore.

One of the reasons I asked.

</reading book ‘real estate mistakes’>

Are you propositioning me? [crying]

Im seriously straight. Married even. Straight married. [biggrin]

Wouldn’t town planners be reluctant to see a continual stream of developers and property investors all the time?

Is there a particular approach you would take when seeing one, as to not just be seen as ‘yet another property investor’?

Assuming his is the case.

[suave2]

So that is something that developers commonly do then?

I just would have thought the risk would be worth it. But I guess as the property is IN development they may not have a cashflow. Or, if they do have money set aside for repayments, any overruns in time is going to hurt profitability.

If I had a million:

– I could get a loan for 5million.…[Read more]

Hey, it’s nothing like that! [blink]

Not that there’s anything wrong with that! [biggrin]

unannounced [suave2]

I have entered many win win agreements. they don’t have to have winners and losers.

Win-win agreements are ideal, I personally dont believe you should ever consciously make a win-lose deal. Though the point I was attempting to make was when something changes and the contract is referred to, most likely in the case of termination. The contract is…[Read more]

foundation.

Im speculating on what some other guy has done of which I generally do not think was the best thing he could(should) have done. I conceded that the One thing he may have done right is put all of his eggs in one basket. Which is one investment philosophy that Buffet subscribes to and has made him the second richest person in the…[Read more]

How about for rental value?

Would being that close be a good or bad thing?

I would think for people without cars it would be nice. Though, the noise still could be a pain.

woodsman,

Yes, I agree. Though, it would be nice to see that investment was seen as being ‘The Way’, rather than something that only a very small percentage of young people do.

On the friends/family point. Yes you can write contracts and involve solicitors. But, the problem is that if it ever goes to that point, sure there is a clear…[Read more]

byronent,

I am suprised that with his education, youth and family history that he did not use the capital he had to gain more funds to appropriate a greater portfolio. *Especially* because of his education. Because he didn’t take on that additional ‘risk’.

Though I applaud the decision to put all of his eggs in one basket. Those who have read on…[Read more]

I would have thought it to be far more risky that he’s put all of his eggs in the one basket. I sure hope he follows Buffet’s thinking when coming to investment. ‘Put all your eggs in one basket, and WATCH THAT BASKET’. Though in this case, it would be more doing an insane amount of due diligence before hand. That probably one thing I would give…[Read more]

Nah, it’s like a couple of peoples signatures. ‘Go hard, or go home!’ [biggrin]

I get your point. I did not consider it from a security point of view. Though, being 22 and having parents who are likely to be rich anyway, I would have thought he’s be up for a little more risk.

That being said, I would gladly accept 600k capital if anyone was…[Read more]

I pretty much gathered you weren’t being terribly serious Monopoly. [rolleyesanim]

More so a comment on topic. But hey, Im sure I could find something not to like about you. (Bush supporter? [biggrin]) Official enemies! [thumbsupanim]

Back on topic. Being a renter it is almost a silly question. Though obviosuly not every one has rented and sees…[Read more]