Originally posted by neo25x5:
Agree with Rick here. Finding +cf properties is rarely dished out to you these days. You certainly need to look for it or use creative ways to make an investment cf+. There are several ways to increase rental yields for instance that has a positive effect on cf.

Eric

Can you list several of the ways to increase…[Read more]

Originally posted by Pixietron:
A person can have a full healthy life with only one kidney…also if you sell half your liver, it will grow back
Not sure if that would be 15K worth though

good luck[biggrin]

I think having that extra kidney provides a certain security. risk vs reward!!

Hey good to see another late night poster! (I’m working…[Read more]

me too!

Although I have to delay getting into IP until partner and I get PPOR.

But a mentor would be ace, preferable someone in Hobart, either into computers or motorbikes or both, but more importantly into investing!

Congrats on being debt free! I have 25k of personal debt and no PPOR house yet.

But my girfriend and I are close to being able to go shopping for a property around the 150k mark in or around Hobart.

Combinied with FHOG about 7k would get you into 150k unit I think?

I believe people are either looking in regional hubs that are experienceing growth, or they are generating +ve cashflow by different means, eg wraps or by renovating (so they can increase the rental)

Ive only had Steve’s 0-130 book for a week (also bought 1000000 in property in one year which I havent had a chance to read yet (came with fast…[Read more]

To answer my own question…

http://www.realestate.com.au/cgi-bin/rsearch?a=o&s=tas&c=47062930&tm=1122064319&id=101673155&f=30&p=10&t=res&ty=&snf=rbs&ag=&cu=&fmt=&header=

I guess they are out there… would need to offer slighly less eg 60k, and offer improvements to increase rent slightly…

Dont know how risky the area is tennancy wise.

I…[Read more]

How involved does the website have to be?
Does it need a forum? does it just need static text and pictures? Or does it need an on line ordering capability?

Cheers
Simon

(being an I.T. dude I can do webby stuff)

I’m yet to invest.. still saving towards a ppor and I have to try reducing my personal debt. I’m currently in I.T. but not a flashy programmer or anything, just an I.T. helpdesk analyst. To non I.T. people, when asked, I tell them i fix people’s computer problems. When people in IT ask what I do they probably take pity on me that I’m still doing…[Read more]

Crikey! I think you are doing well already!

compared to me anyway.. 37 years old. 25K in debt and no house yet! My partner and I are saving though.. got 7k plus first home owners grant..hopefully stamp duty will be abolished in tassie sometime next year..by then we should have a good deposit.

Originally posted by Brenda Irwin:
I agree, having untaxdeductable debt on your PPOR is a killer. It was the hardest thing I ever did when I bought my own home. ASAP I sold one of the IP’s during the boom and payed off my home’s debt. Gee, it really made a difference to my cashflow, and I was able then to go forth and buy more IP’s. The feeling of…[Read more]

Originally posted by Mortgage Hunter:
You need to work on a 20% deposit and this will cut the Mortgage Insurers out of the loop.

On a $50K income you may well be able to buy a home for much more than the range you describe – but I would need to ask a few more questions to get a feel for the upper limit!

If you can transfer the debts to your…[Read more]

Originally posted by JohnRizqallah:
spend less than you earn (golden rule)AND PAY YOURSELF FIRST then all your bills debts later. this is delayed gratification and over time the compound effect is enormous… buy things that appreciate not depreciate in value and askyourself is it a want or need before you buy.. cheer John Rizqallah

Thanks John.…[Read more]

For our first house (to live in ourselves) we would be looking for a house around 150,000 to 180,000 around Hobart. Because of the Moto Guzzi there must be a lock up garage. Because my partner has in the past bought and disposed of a property, the paper work would have to be all in my name to qualify for first home owner’s grant. Based on the…[Read more]

furrymoggy if you like surfing so much, why not work in a surf shop?

Mortgate hunter, in my situation, (ie partner and I keen to own our own property even though I have about 25k in personal debt) do you think its wise that we save towards a house deposit? or should I reduce my debt first? (see a few posts up for break down of my finances..

My partner and I are saving towards our deposit for our first house (we are currently renting in Hobart $180p/w)

So far we have saved up about 7000 (we went travelling to England Italy and Hong Kong in February which set us back a couple of thousand)

I think my partner only has a few hundred dollars debt in a credit card. I however owe about…[Read more]

Originally posted by hmackay:
Hi’

In addition to the great advice already given I would suggest that if your partner is not your wife then perhaps you could get the FHOG !!!!

hrm

Thanks for that, yes at this stage we plan on her not being on the paper work at all (at some stage we would have to get her on there I expect… would that be more…[Read more]