xdrew replied to the topic If I were a millionaire…. in the forum Forum Frolic 13 years, 11 months ago
Change your thinking.Stop putting the IF in there and start putting the WHEN.WHEN i become a millionaire. …….if you dont even believe yourself that you can become a millionaire .. how can you convince a bank to lend to you?Set goals … and when .. and targets .. and when .. and follow thru.Hint .. there are the 250k Bargains .. the 500k…[Read more]
xdrew replied to the topic USA MULTIUNIT PROPERTY INVESTMENT in the forum Overseas Deals 14 years ago
CheevesFinancial wrote:
I'd like to see some of this 20-25% ROI real estate.
It comes with its risks .. but thats what a deal looks like on the US markethttp://www.realtor.com/realestateandhomes-detail/3787-Martin-Luther-King-Jr-Sw-Drive_Atlanta_GA_30331_M55726-28600Its a block of 136 units (think housing commission style but worse) on 6…[Read more]
xdrew replied to the topic Unilodge Brisbane as an investment?? in the forum General Property 14 years ago
Student accom goes into the same deal as aged care and hotel room leasebacks. They are for the investor who hasnt a clue. And as such, they exploit that with leasing fees. Not to mention the fact they are dependant on a single sector of the possible leasing market. If I was looking for an investment i'd want something i can stick just about anyone…[Read more]
xdrew replied to the topic To Sell or hold on to your last property??? HELP in the forum General Property 14 years ago
Two obvious mistakes come to mind with this series of transactions. First .. if you have an itinerant tenant someone who is slow or late on paying rent .. he should be affecting the balance in your bank account and not the draw against for the loan. Remember the loan remains your responsibility and any penalties you are incurring is because you…[Read more]
xdrew replied to the topic $150,000.00 cash to invest Property or Silver in the forum General Property 14 years ago
Like anything its a matter of timing. For instance .. my current invest is back in the US where prices have gone too cheap and i'm buying big. I've got the 15-20 years to wait and i'm not dependant on any income from them or debt payment. So its for me all an upside.From having invested in both silver and gold when they were cheap to now .. i'm…[Read more]
xdrew replied to the topic Why not Meblourne in the forum General Property 14 years ago
Mike .. i would tend to follow the arteries in the city. Take a look at a broad spectrum map (Melways or streetdirectory.com.au) to get a wider perspective on the city. People tend to find comfort and demand in ease of access thoroughfares. If you think of the roads as veins or arteries allowing traffic flows to build around them, it usually…[Read more]
xdrew replied to the topic Australian Property Bubble (article on Associated Press) in the forum General Property 14 years ago
What are the relevant conditions to cause a bubble?(1) Overvalued properties and the lack of available funds to contribute to it.(2) The lack of supportable tenancies or income to provide for supporting the loan.(3) A rapid rise in interest rates forcing marginal buyers to offload their properties ALL AT THE SAME TIMEWhat are the actual current…[Read more]