hi
Enjolady
what sort of Return on investment do you like as a rule ?
Fullout
where is your property ?
i don’t see a risk with telling us as you have the option to buy, and also a 3 day cooling period to reconsider.
westan

Hi fullout
lets see the figures
Say you put 20% deposit plus 1500 costs so you put close enough to 20,000 with a $73,600 loan
73k interest @ 6% 84pw
insurance 4pw
rates/ water 15pw
agents fees @ 8% 12pw
Repairs 10pw
vacancies 6pw (3 weeks per year)
TOTAL 131pw
Profit on 150pw 19 pw…[Read more]

well done guys i’m sure you both will succeed. its funny i feel the same way about our home in some ways owning ahome slows the whole process down. not tied to a home give you freedom to do more.
westan (i’m not selling my home yet)

hey huey

hang in there. in the big scheme of things this is only a small hick up (i know it doesn’t feel like that at the moment) i used to worry when i had these problems now its part of the process.
lots of landlords sell after these types of hassles. Some learn from these situations and go on and buy more and make lots of money.
I had an agent…[Read more]

Hi guys

wilandel
congadulations on a courageous decision, i know this will work well for you, you are well on the way. all the best
andrewsal
start looking now to find what properties you would buy if you had the cash, just to see if you can find enough properties to meet your requierments and expectations. I’m saying this because it is getting…[Read more]

Hi all

there are some people out there who try to make a living out of predicting where interest rates are heading. look hback over the past2 months , 2 years you will see these guy’s consistantly get it wrong. i wouldn’t make an investment desision based on what economists are predicting. Next set of data out they will change their mind…[Read more]

Karen
are you saying you feel like you need to talk to someone about your circumstances off the forum ?

if you need to talk call 0415438666
regards westan

hi guys
another idea to massively increase the value is to buy the property next door for 600k suddenly yours apears to be worth a lot more[]
regards westan

dave sadly you have been looking in the wrong places because up until say 6 months ago they were all over the place, in every regional city and town in Australia.

i assume from your question you are in Melb. or Sydney. you need to look further afield.

sorry you are NOW looking with 1,000’s of others.
all the best
westan

Hi guys

thanks muppet for clearing that up in effect it is the same as we experience.
Mini the property is in the nead of a few powerpoints, and a good repaint on the outside i don’t have a swedish boyfriend (just as well i suppose) so i’ll have to paint it myself next year sometime. I’m looking forward to it, take the family, have a holiday and…[Read more]

Hi guys

WayneL your point is right prices will eventually double. History shows even when houses drop in value (which rarely happens they never fail to regain and pass their previous highs. However as Crashy says the market may drop so if your a trader then maybe you would like to take some profits, but if your an investor why get nervous? as…[Read more]

hi rosscoe,
i don’t have a crystal ball and don’t really know the Qld market but my thoughts are
you may not be able to claim interest costs as a tax deduction on the town house because its your own home check with an accountant.
Generally the logan area i thought would continue to rise with the new freeway from the Gold coast to brisbane. I…[Read more]

Hi Muppet

ignore the previous web address i was sending you on a wild goose (or should i say Kiwi) chase.[]

the real site is http://www.todaytonight.com.au

sorry just having a bit of fun
regards westan

hi muppet

wow what a life, sounds like you are off skiing all the time.[8D] Yes the forum has a few problems at the moment, steve says the new forum will be ready in days.[]

regards westan

Hi muppett

you apply online

just follow my lead

http://www.ninemsn.com.au

regards westan

Hi George

i’d advise you to work for you lifestyle but build your property potfolio as your wealth. Any profit either pays off the loan or gets reinvested in another property or shares etc. If you start spending your prodits you will be working till your 60+, but having a higher standard of living. i’d rather delay the temptation and build for…[Read more]

Hi Chiara

all the best with it, keep us informed how it went.
regards westan

hi nu Gen

yes happy to help, but don’t expecxt anything to elaborate
westan

hi scotty

you need to have a long term plan.

in the world of property investing there are many hastles along the way. along term plan will help you see the big picture and not be so worried by the small issues. Yes you need to get the property rented so put energy into this. As Simon says (hey that sounds familiar), check out other property…[Read more]

Hi guys
what are the guarantees worth if the company has made a killing and then is gone in 12 months time ?
Another thought 10% return sounds OK now but in 10 yrs when all other rents have doubled (doubled again in 20yrs) you will still be getting only 10% on the purchase price?
Sorry guys it sound a bit dodgy[}]
But i’m a curious person and who…[Read more]