I would sit and wait. Look at it this way. IP1 has allowed you to buy IP2 and IP3. If you pay down some loans on IP2 and IP 3 and let time take its course, then you could probably multiple again. ie IP2 allows you to buy IP4 and IP5 and IP3 allows you to buy IP6 and IP7.

How soon you buy IP4-7 depends on your risk profile. I am conservative…[Read more]

Congratulations.

Before you know it she will be 5 yrs old. The first 6 months are the toughest. Well thats what we found.

Have fun.

We are a two car family.

Our family car – wife drives is a 97 Ford Falcon station wagon.

I drive a salary packaged 2002 Holden Astra. Lease expires next month with a $10k residual. I will payout the residual and that will give me an extra $500-700 per month cash to invest instead of use on the car.

I dont fancy getting public transport to work…[Read more]

Intrinsic Value –

This is what worries me a little.

How can a young couple getting married afford to buy an average house for $350k. Well thats what you need in surburban Melbourne.

Not only do they need to afford the interest payments but they also need to save the deposit. I cannot imagine having a mortgage of $250 to $300k.

That to me is…[Read more]

Student accomodation paying 8% for a studio apartment. Studio to me means there is no bedroom and you sleep in the lounge.

CF+ – i dont call that investing. Too risky for me. An inner city apartment. Small body corp fees – what does that mean?

I get their emails. None of their properties interest me.

My aim is to consolidate and do NOTHING.

I am not entirely doing nothing. All I am saying is that my portfolio is now at a stage where its neutral. i believe in investing in city surburb properties near the beach and stations.

Sure prices have gone down and there are opportunties, but i reckon the opportunities will be better in a few yrs.

I am not the only one sitting and waiting…[Read more]

Hi Westan

In my view buying in the US is too risky for me and they too are in a smimilar position in the property cycle.

The returns may be good in some areas but they come at a price – risk.

If returns were that good then why dont more people in the US invest in property rather than shares and their 401k.

My uncle in law – who lives in Canada…[Read more]

If you cant find this answer on this web site – i doubt you will be able to find any properties for $100k giving positive cash flow.

I started with buying my own PPOR. We were renting and saved a very small deposit and then bought our PPOR. As I grew some equity I bought my first investment property without the need for a deposit. We cross collaterised. Now my PPOR is fully paid and I have a few investment properties that were negative geared but are paying for themselves…[Read more]

I have been looking for a new position recently. I have been with the same company for over 10 yrs and feel like a change. I am just over 40 and cannot get over how young the recruiters are.

My thoughts –
1. Rents could rise – tenants have more cash.
2. Could be inflationary and cause interest rates to rise.
3. People have more cash – more confidence to invest.
4. Less people on higher tax rate – reduce effect of negative gearing

I am a little worried about all this investing in the US. Property in the US like here is also overvalued.

I lived in the US (San Francisco) for a year back in 1999. And I was in Canada/US about 8 months ago. I looked at properties in Canada – Montreal and Ottawa. I also looked at some properties in the US on the Canadian border.

The places…[Read more]

<<<<it is tenanted for 250pw until 0805 >>

Do you reckon you can still get this rent when the lease is up? I have properties I have bought about 5-6 yrs ago for half this price and cannot get $250 rent.

Where is the property?

Good luck with it.

Only offer what you reckon its worth. If its a special deal and you reckon you can make good money on it in fimmediate uture eg. development site then offer more.

I reckon there is no hurry to buy. So wait a little. Wait for them to chase you. You got the cash, so your the king.

My wife has started to respect property investing after reading the Book “The Good Earth” by Pearl S Buck. It was written in 1931 and we got our copy from the Library.

Anyone heard of this Book – its worth looking at. I would love to hear any other comments regarding this.

I too have a disinterested partner who has now slowly turned the corner.

My wife has started to respect property investing after reading the Book “The Good Earth” by Pearl S Buck. It was written in 1931 and we got our copy from the Library.

It was listed on Oprahs Book list or something. My wife read it and suggested I read it as well.…[Read more]

I have no problem with advertising. All I am saying is that the sign should be removed from the property after its sold.

There you go again – telling me to grow up!!!!! Hardly objective just because my opionion differs from yours. There are no right or wrong answers here – just a discussion. Let me get my 4 yr old son – maybe you can tell him…[Read more]

Mono

I will move on – when I am happy to move on.

How about stopping your subjectivity?

Here are some of your annoying subjective posts –

“And besides, it doesn’t hurt anyone??? So get over it Yack”

“whether you or I like it or not, that’s just the way it is….MOVE ON!!!”

“Splitting hairs again Yack??”