Forum Replies Created
Hi Andrew (AD)
That is fantastic. Congratulations!!
I am so happy for you.
I believe what goes around comes around.[
]Naughty Johny,
It is always a good idea if you are looking to build up a large portfolio, that you must keep your borrowing to 80%. Once you go into MI, you will be restricting yourself with any further borrowing, and find the next approval MUCH HARDER.
Good luck,
Del
Westan,
You win!!![
][][]
Congratulations on a great achievement!I guess the moral of this story is:
“You’ve got to be in it to win it”
I agree with you last statement about property values. One cannot expect this type of craziness to continue.
We should all be in for very stagnant time, “sometime” in the near future…
But as long as we all are cashflow +ve, we should ride it out OK.Del
Hi again Aussie,
Yes, I definately agree, the capital gain is pink icing on the cake!![
]As long as people’s IP’s are at least paying for themselves, then we should all have a pleasant journey, compared to othes with who are -ve geared with interest rates on the move.
Bye,
DelAussierogue,
If you are referring to my last post, that’s not the impression I meant to give. All our properties are in rural areas.
All are good +ve cashflow.
“THE TEST WILL BE WHEN THE MARKET IS FLAT…ETC”…
Yes, that is why Steve has set up the Millionaire Apprentice Program. It prove that it can be done. I guess we will all see in 12 months time if others can replicate his success! Hopefully they can…[
]Regards,
Del
Cremin,
My thoughts are the same as MiniMogul. Not all of us want to “brag” about what we’re doing. We are all still learning.
Anyway if you need figures here goes:
Bought our 1st ppty late Feb this year cost $80,000 did reno costing $7500, valued after reno at $125,000. Currently rented at $165. Since then have bought 2 blocks of units and two other houses. This week 2 of my 3 tenants in the houses have asked to be wrapped.
It’s not hard, just follow Steve’s instructions.[
]Del
Hi Crash,
What about forgetting about consulting and become an investor? (Dont help others, help yourself).
Spend some time (as you are) learning on the forum, and go out and find different ways to get that 20% deposit. You’ll be surprised how quick things start moving.[8D]
Just a thought.
Good luck[]
DelHi Delight,
I know the area fairly well, and we have an IP in Traralgon. Morwell prices have gone nuts !! A couple of months ago that house was probably listed for $60K. Beware.[
]The Latrobe Valley is infested with investors!!!
You may have big vacancies, unless this house is better than the next one for rent (probably nextdoor). Sounds like it’s not…
Walk, no I’m with livelife, RUN.
The pest inspection was a cheap insurance policy.
A good education.Good luck,
DelHey dynamic duo,
That’s excellent. Good on you.
I can sympathise with you your situation. We too are in a similar boat. This week has been a very bumpy ride!!!
I have faith in our broker, and G-d. Things will work out for those who persist.
Persist, Persist, Persist.(and sometimes pray)[
]Del
Hi Captain,
If there was, there would be no +ve cashflow properties left. We’d all snap them up pretty quick I think!!
The best part is doing the research yourself and actually finding one![
]Good luck,
Del
Hi Terry,
Interesting figures. I think because Steve doesn’t view the wraps as a long term strategy, but the buy and holds are.
it wouldn’t be a good wealth creation program if 130 wrappees cash him out in 3 years!
Otherwise his next book could be titled “From 130 to 0 in 3.5 years!! [
]Del
Hi David,
Sometimes it’s not black and white…Only you can really make this decision. This is a lifestyle decision over an investment decision. If it were all about money, we’d all live in boxes, and have lots of IP’s, but sometime in the near future (maybe) the pitter patter of little feet may impact your decision. You may be looking for more of a place to bring up children.
Pre-kids everything looks different!![]If you want to stay living on the Northern Beaches of Syndey, can you afford to buy there, as against renting? If you can’t and want to stay there, then it’s easy – keep renting.
Have a long talk with your fiance..[
]Good luck,
DelWell done Westie,
They say “it’s QUALITY NOT QUANTITY THAT COUNTS!!![
]ha ha ha,… and I must say you’ve got both.Your posts are always worthwhile and informative,
and you’re not afraid to mention where you invest.We’ll be out West soon,
Catchuthen,
Will & DelHi M,
Good topic!
I am definately not going against what Stu has said [
] (especially today Stu)!! however, I feel there is another side to story.For me, “price” is not the only thing to consider. We are HOPING to have several IP’s one day!! If they are all variable, I would be very concerned that all of a sudden, I’d feel like I was “losing control”.
With at least half the loans on fixed rates, I’d know that all I have to budget for is $XX amount each month.
I feel it’s like a good insurance policy to have a mix of fixed and variable loans. Also with the fixed ones, to have a mix of terms.
I’m no expert, just a budgeter.[
]Regards,
Del
Hi Tas,
Bad luck, they try to make you feel inadequate, don’t they?? I thought that commissions were all to be “negotiated” these days, or is that in a perfect world?
Better luck next time…[
]Del & Will
]
][
]
]
]
