Forum Replies Created
Sorry KH didn’t finish, yes I believe that there is great growth opportunities in 2004 and beyond, the secret is the conversion of the floor space costings. I also enjoy onselling and wrapping commersial, I have many purchasers looking for 10% returns and pay me dearly for the trouble.
Residential has changed and many are scared of commersial because they dont understand it, like driving a car for the first time.I don’t care one way or the other as long as I get high returns and positive results I would invest in cockroaches if their yeild was good, its all investing to me.
Thanks KH, isnt that the same questions people ask about purchasing positive cash flow properties in country towns?? very interesting …
I believe cash flow is cryitical on a number of issues covered in Steves book, especially on reducing debt to build further equity which gives me better purchasing power in the future.
I believe that the right type of commersial like the right type of residential achieves growth, it just depends how good you are in analayising property and the demand it has to the purchaser should you decide to sell.
I also know it is easier to sell a CBD commersial property showing 12% than a country town property showing 8% in a hard market as I have experienced both. Commersial has other dynamics which differ from residential houses that I personally enjoy playing but that is just my opinion.
I love +ve $flow and high yields and so does my bank manager and accountant, if I own the right type of commersial v’s residential my tennant pays for the out goings and repairs while the other doesnt, but I enjoy both games of investing.
commersialwealth ah no thanks it doesnt sound as good but thaks for the suggestion mate …
Yorker is right and also my opinion is to look at classy office suites. I am investing in commersial suites 50 – 110 sq/m and semi furnishing them plus offering short term rental options for a premium price and achieving 15% plus returns … [email protected]
“money doesnt stop it move from one medium to another” the secret of the RICH is to do the opposite to the poor [suave]
Check out http://www.assetcorp.com.au 3 new books about to be launched 101 – 151 – 201 regards Phil
Wow what an interesting topic and hasn’t it gone off in a tangent in a few places. I havn’t read Steves book yet but I have been investing and developing for years. Like many people I have good stories and some horrors as well but thats all a part of experience and getting better with handling money I think.
I have also run and put together courses and enjoy making a study of what works and doesn’t work for some people in different suitations,it is so diversified and controversional (money) we become so eager to get rich we loose sight of what we set out to achieve and I believe that is financial independance.
We know that to earn an income of $48,000.00 we need at least 1.3 million dollars of cryitical mass so my question to Nikki or who ever you are is what are you trying to achieve, you see the way I see it if you make one or two mistakes you can fix it but 15 mistakes you need better advise or stop digging because that whole is going to get deeper.
I don’t care about neg or pos investments so much because they are both inportant, I believe in debt reduction to build equity so if I stop work tomorrow my investments will take care of them selves. At the end of the day I know more millioneres in property that I know in the stock market so Nikki what is your solution now after you have sold all your realeste how will you create wealth for you and your family.
Good luck http://www.residentialwealth.com
Is there a deposit involved Simon and what is the financial benefit to the purchaser.
Is there also a personal guarantee by the wrapper that the payments will go towards paying for the mortgage.
Is there also a performance guarantee in the event that the property does not increase in value over a specefied time frame
cheers [email protected]
1.
Every body else is wrong until you make a mistake.2.
If you think it will or you think it won’t you are probably wright.3.
100% loans when starting out are frought with danger.4.
Always buy within 500m of a train station.5.
The more ammenities nearby the greater your property is worth.[wacko]
Romour has it that Allen copied much of his material from Bob Proctors MSI ideas, nothing new I guess just explained differently – its all in the spruikers pitch that gets the crowds in – he still suckered 3000 aussies at 5k – when will people learn that they all copy it from each other I noticed Allen using the word MATRIX recently, wasnt that the idea from Danny and Paul Hanna i wonder if they know may be i will ring Paul he needs a laugh [biggrin]
Wilandal????? Why would you post such a rude statement on some ones site like that, no wonder he wrote back to you in that manner, also by doing that you are exposing Steve Knights credability and for that I think you are a dick head – in my opinion – it is better to keep your mouth shut and be thought a fool than to open it and remove all doubt,(chinese proverb)[weird]
Thanks Yack! I guess its easier to round them up at home than chase them over seas.
People that live in glass houses should not throw stones – one should look at what is going on in their own back yard – what about the poms v’s the aussies ……….. its not up to others to change their attitudes its up to us to change thats makes us rise above the crap racial debate – lets talk about the deal its more inportant in my view …[baaa]
Check out Jenmans comments on the NZ market and how they jack up the prices to Aussies.
ESC and associated parties – do your homework.
If you are interested I have compiled a disc of over 1000 pages on well lots, property, developing, trust structurs, finance, management systems (cost is $149.95 oz)
Content is backed up by financial advisors, accountants etc of the money I think its cheap.
[email protected] [biggrin]
Thats correct Nat as long as you are meeting your commitments the bank don’t care – who would, but its a depressing position to be in – to wait for the next cycle !!!
The interesting thing about this boom is the low interest rate which has sparked 100% loans – i think the banks will have to be careful how they play out this one.
If people can afford to hold their properties well and good, but generally in these cycles rents drop and their financial positions change.
Remember the Australian AVARAGE WAGE is about $40,000.00 per year!!!
[cap]Nat, the bank will not forclose a loan as long as the person/persons keep up their repayments.
In the past when this has happened (neg equity) a persons financial performance position changed also for a merrid of reasons and that is when the banks move in – History Repeating.
If you are less than 35 yrs old the likiehood of you experiencing this in the past would be slim, heed the roar of the distant drums
[cap][cap][cap]
Nat i’m lost with your last statement – who cares how much equity they have – isn’t the basis of investing to create equity.
Equity is like cash, are you saying that at the end of your investment career you don’t mind having negative equity? – what books have you been reading?
[wacko][wacko][wacko][wacko]
I think the problem is begger than you thing, some mortgage brokers are not happy which tells me the effect is greater than we think?
Two important factors to always remember with LTV are;
Financial position and Financial performance.
Actually Benson its happening right now, on this topic another responded with an example of a sale made off the plan in 2001 in Docklands of $900k plus and sold recently in the $700k range.
Not happy Jan!!
