Forum Replies Created
Good example giddo – thats how i look at real estate.
If you make 5% on $1.1m you are in effect making a return of $55,000 on your $500,000 equity. Thats over 10% in a flat market.
Thats good in my books.
Me. not much is going on. Started a new job. I am going to increase the rents on my properties. I will also see a broker and see how much more i can borrow.
I think i am too conservative. Does not matter, i dont want to loose everything in 5-10 yrs time by over committing.
You said” and using the equity in the property to purchase our first positive cashflow property – if we can find one!. “
If you search the forums – i am sure you will find your answer. This has been asked so many times.
Oh – and the book was so 1997-2000. Its not 2006.
His two books are MUST reads.
No BS and practical knowledge in ANY market.
The other book is – “How you could build a $10m property portfolio in just 10 years”
I also like the Jan Somers books. They are practical and realistically describe how to build a property portfolio.
Whtaever happened to derivex eh
[exhappy]
I agree withMichael.
But i am positive on Frankston. I like Sth Frankston, near beach, near new marina, not far from central frankston.
Frankston high has a good reputation.
If you got $700k go for East Brighton. But if you got that much you may as well go for Brighton proper. Me I would prefer to buy two properties around Sth frankston than East Brighton.
It comes down to gaining experience.
I remember when i first started i always felt intimidated talking to these estate agents in their neat suits and flash cars.
Now i know all they want is to make a sale. So i just flash a carrot to keep them interested in talking to me.
No where
I hate people who mention how great BHP shares have done in relation to owning property.
About 5-7 yrs ago BT Funds used to have a resources managed fund. They closed it down and started a TIME fund ie.technology fund.
The resources fund was closed – no interest in the resources sector and obiviously the gurus at BT did not predict much of a future for our resouces sector. And now look at the TIME fund. Another dog.
So dont compare owning BHP shares to owning property. Why not look at Telstra eh
My advice is be patient.
Pay as much off your mortgage as possible. I dont believe property prices are going to go up much over the next 2-3 yrs anyway.
Then as you pay down your mortgage and the bank allows you to borrow, buy an investment property with growth potential on an interest only loan so you can still pump as much money as possible onto your PPOR loan.
I would not worry about managed funds. Thats what super is for.
I agree. There has been too much change.
I have lost interest in the forum. Where has general property gone.
I have not had the same passion for posting at the moment. I am in a holding pattern, trying to consolidate.
Our PPOR has been renovated and I would love to buy another property. But I still reckon things are overvalued.
So I am trying to contain myself, consolidate and look for opportunities in the next 2-3 years. Rents have gone up, so thats good.
Dr X
<<<<If you make them a low ball, but undervalued, offer, they will NOT come back and negotiate, that’s your final offer, it is easy to buy cheap properties from Jenman agents. >>>>
I dont agree. Jenman agents want to extract your best price. If you dont offer more they wait for the next person and get as close as possible to asking price.
I like jenman agents because i dont believe advertising sells your property. If people want to buy they will canvass agents and leave their details with agents. adertising doesnot attract serious buyers. Advertising attracts rubber necks.
OOOOOhhh. I thought i was onto something when i got the private message
[biggrin]
Me personally have lost a little interest or become frustrated as prices are still too high. I dont like the new look. There are less posts to a category so you keep scrolling to find an interesting post.
I suppose I am at the point where I got to do more (buy – but things are still overvalued) than update messages.
I still come often for a look but am not really in the mood to contribute much.
I was born in Australia. As true blue as they come. I have worked in London and San Francisco. Australia is the best country in the World.
My father was Italian and my mother was dutch. They met in Melbourne in the early 60’s.
My wife is french-canadian. I met her as a backpacker on the train between toronto and montreal. I made the mistake of talking to a stranger.
Her father is french canadian. He looks like Napoleon. Her mother is a pom. She migrated as a kid to Canada. They were looking at migrating to australia.
Her father re-married to a canadian-italian. They have adopted a girl from china and a boy from Cambodia.
So my kids are real bitzas now. I have family in the UK, Holland and Canada. The world is getting smaller and smaller.
I am holding.
Now renovating my PPOR. Boy has that been a money pit.
I had a conversation with a good mate of mine tonite. He has always been negative towards property – too many hassles with tenants etc.
Now he reckons he has nearly paid of his home and now he wans to invest in property in a few yrs time.
Now I am worried. That makes me nervous. Everyone wants in. Gotta crash before it gets better again.
I agree with resi – go to their meetings. get what you can out of them. All the info is good.
But go buy your own property, in a similiar area on realestate.com.au and it will be cheaper.
I am between basic and intermediate
