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westan
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@westan
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Post Count: 1,950
September 9, 2003 - 10:33 am
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
westan
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@westan
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September 9, 2003 - 10:30 am
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
westan
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@westan
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September 9, 2003 - 10:17 am
Hi muppett
you apply online
just follow my lead
http://www.ninemsn.com.au
regards westan
westan
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@westan
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September 9, 2003 - 7:14 am
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 the long term but its all a personal choice. You Need a plan !
regards westan
westan
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@westan
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September 9, 2003 - 7:07 am
Hi Chiara
all the best with it, keep us informed how it went.
regards westan
westan
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@westan
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September 9, 2003 - 7:00 am
hi nu Gen
yes happy to help, but don’t expecxt anything to elaborate
westan
westan
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@westan
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September 9, 2003 - 6:47 am
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 managers and be prepared to list with multiple agents. i had a similar problem in 1997 when i bought a 29,000 house in Morwell Vic, i had it vacant for a while at 100pw. But today it is getting 135pw and worth 95,000 so keep an eye on the big picture. A lot of property investors sell when they have difficulties the rest become rich. only sell when the situation is very bad and there is no way of making it work, or you can get better value elsewhere.
regards westan
westan
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@westan
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September 9, 2003 - 6:36 am
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 knows a trip in the country might be nice. They may open you up to other posibilities in the area.
westan
westan
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@westan
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September 9, 2003 - 6:30 am
Hi anita
the way it looks to me is you should phone some banks and run the numbers past them. i’m not a mortgage broker but usually Banks work on about 35% of your money to sevice a loan
on $18,700PA you could afford (at 35%) paying $126per week towards a loan. therefore you could probably only loan about 80,000.
with your own money as a deposit and for stamp Duty etc you will be able to buy up to $100,000 approx.
Depends where you live if this is good or bad news.
Try http://www.homepath.com.au Ph 1300 130852
They offer money at 5.65% and no costs, no est fees etc.
i know someone who was unemployed and he got a loan on a very cheap IP.
perhaps one of the many brokers on this site can help more ?
regards westan
westan
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@westan
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September 9, 2003 - 6:16 am
hi michael
you probably know the advantages of a trust i’ll go through them quickly
1) Asset Protection and Estate Planning
an assett can be protected from future threats ie being sued. a trust can continue for up to 80 yrs and even if you die the trust vehicle can continue on for the benifit of the other benificaries
2) Tax Benefits for a Trust
the profits from a trust can be distributed to the benificaries usually the lowest taxed first.
the topic is huge, i had a lot of trouble understanding the benifits of a trust when i set up mine 6 yrs ago but the book mentioned above is a very simple yet detail reference to trusts. the book could save you thousands (hey i should be on commission).
The advantagfe of a corporate trustee is it gives another teir of protection for the trusts assetts.
regards westan
Do you want me to email a few papes of the book so you get the idea ?
westan
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@westan
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September 9, 2003 - 5:45 am
hi michael
Bricks are good but i also by weatherboard. Im happy with timber or steel frames. A few years ago i was interested in Straw Homes till i read a book and it put me off. i think it was “the three little pigs”
Hope this helps.
if you are talking about what structure to buy in it varies from person to person but most definately look into a family trust perhaps with a corporate trustee. Get a hold of Dale Gatherum-Goss’ “Trust Magic”
see his web site
http://www.gatherumgoss.com./
regards westan
westan
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@westan
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September 9, 2003 - 5:18 am
Hi hippychick
welcome to the world of posting.
i hope all newbies would do what you have been doing and reading through the past discussions, this way they would find out many questions have been answered.
Good luck with your wealth creation Plans. it is very valuable to write it down. i keep revising mine when i realize how easy some of the achievements have been. they are not highly professional at all but get staight to the goal and how i will achieve it.
Because i’m impressed with the way you have been working and studying this forum i could email some of my past plans as a guide of how i did mine if that would help at all? [email protected]
regards westan
westan
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@westan
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September 9, 2003 - 2:55 am
Hi Chiara
if you go don’t committ to anything. But after do your own due diligence. This means looking at what prices other properties are selling for through local agents. i could almost guarantee you will pay top dollar form Melbourne or Sydney based business’ like these. Check with local agents they will tell you the true situation on rental vacancy rates etc.
regards westan
westan
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@westan
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September 9, 2003 - 12:06 am
the fathers day competion is closed.
it is with great pleasure that i have to announce the winner.
Sadly there can only be one winner (i can’t afford to post too many bottles).
As you will see there were 2 entries that had 5 children (Not including my own). Muppet and Gocats both have 5.
After much deliberation and thinking about it all night (oh the pressure of being a judge). i have made my decision and no correspondence will be entered into.
Thankyou to all who replied to the post and thankyou to the enjolady for her additional prize.
So the winner is
MUPPET , yes once again the Kiwi’s take the prize. Muppet just edged out Gocats because he posted first and Gocats had 3 step children (i do appreiate you are still their Dad).
Bye for now Muppett we will forward the prize to you, actually i will hand deliver it to you.
westan
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@westan
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September 8, 2003 - 8:18 am
you might have to make a big choice now.
Do you go for the century
or
Declare and keep practicing that baby making.
Regards westan
westan
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@westan
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September 8, 2003 - 6:16 am
Bianca
they have rules, but the umpires change them throughout the game, it makes the games a lot closer.
regards westan
westan
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@westan
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Post Count: 1,950
September 8, 2003 - 5:53 am
Yeh del
i have the same problem it makes me look like i’m lossing my hair[!]
come to think of it so does photo’s and in fact even the mirror gives that illusion. []
regards westan
PS anyone seen a Guinea Pig ours has escaped
westan
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@westan
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September 8, 2003 - 5:26 am
Sorry for not answering you Lawry
yes you answered your own question correctly.
westan
westan
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@westan
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September 8, 2003 - 5:23 am
Hi leigh
is that show “strip Search” ?
westan
westan
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@westan
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September 8, 2003 - 5:20 am
Hi all
Thanks for the contibutions
Well the time is drawing near to close the competition.
No more enteries will be accepted after 6.30 Eastern Australian time.
muppett yes you are looking good but Gocats got five also, so it will come down to the judges finally verdict.
who knows we may get some late entries.
regards westan