Forum Replies Created
<<<Must admit though, if I was selling my home, I wouldn’t cancel insurance when an offer is accepted, I’d wait until settlement had occurred. Would play it safe both ways.>>>
So would I.
I would say so.
No. Unless the vendor is a very motivated Seller. ie. they MUST sell NOW.
No such thing – its just their marketing. Giving an impression they can get cheaper properties.
Builders use agents or marketing companies to get them their best price on their properties.
When is the Book and propertydominotheory.com
coming into existence.I am keen on having a read…..
<<<<<<<Domino theory ? Or should that be called the ‘Sheep follow the leader theory’ ?
Buy a +ve cashflow property, write about it by saying what a wonderfull buy it was, others will follow suit and in the process drive up the prices as more and more start looking in that area.>>>>>>>>>>>>>
Your not implying thats the premise of this web site are you. Buy 130 houses, write how easy it was in a rising market, sell concept in stagnant market etc etc.
Well maybe you are…..[evo]
So sis
What do you want from us to tell us what you define as the domino theory?
I did some searching on yahoo while listening to the footy last night.
All i found was some political theory around vietnam about if one country becomes communist so too will the ones next to it etc.
So as the others are not totally correct. does it have anything to do with you having had some success that your friends and family too want to be involved and you have gone into a joint venture with them. You go halfs and they go guantor on whole loan.
So as you succeed more people want to get involved – hence a domino effect.
Are we talking buy and hold or wrapping. I reckon there is a huge difference.
I buy and hold when I can afford it. My last purchase was 2 yrs ago. I am not sure when the next will be.
I am looking at upgrading my PPOR first.
The hearing before the Tribunal is set for 7 April 2004.
I will keep you all posted on progress. My first venture to the tribunal.
<<<<secret- build the portfolio and try not to spend too much money on holidays, cars, clothes, etc at the start. You get all that later.>>>>
Great advice – maybe I should mention that to the wife and kids. Well i should not complain too much.
I have actually emailed Lane Boy the editor a few times. I even suggested they have a forum like this. And now I open the mag and find there is a new editor – Sue Fitzgerald.
Anyone heard of her before – anyone know what happened to Lane Boy??????
I agree totally with your comments about
pleading that people maintain a healthy scepticism about anything they’re told or have heard (even with the media )
Thats probably why I am a little wary of expensive seminars, rural properties and wrapping.
For the record – go sainters……..
There are some great books by Jan Somers on property investing. When I started 7-8 yrs ago she was the main person going around. Check her out on somersoft.com.au
She was there before rich dad/poor dad etc.
Her strategies work.
There is also a magazine called Australian property investor. Another of my bibles.
Good luck.
Can a moderator say ‘thats crap’
Anyway, i agree with Richmond. Go Pies!!!!!!!!
I dont barrack for the pies but I have too many mates who go for Richmond……
Ok. Who buys it regularly and who subscribes?
I dont see a problem having the same finance company for both properties. Thats how I got started.
I used the equity in my PPOR and used the title of my PPOR to get 100% finance for the investment property using interest only. That way all the money borrowed on the investment property is tax deductible and I could still pay of the PPOR as much as possible.
They have a web site.
http://www.apimagazine.com.au/
I am surprised that no-one subscribes. Maybe there are more property investor newbies than I originally thought.
Depends on your comfort level. When I started I fixed it for 5 yrs. Now most my loans are fixed.
Probably paid more interest than I should have over that time but i hate all the talk about rates going up. By fixing I can sleep better at night.
I have nothing to do with API Mag. But I reckon its almost the reason for my knowledge and success to date.
I got my copy yesterday and I reckon its the best source of information around. I love property investing and its been my campanion for the journey since it started.
Better than any guru can provide. I love the case studies. Real people real success. These stories inspire me. Its got the legal and accounting stuff as well.
After tax it costs me hardly anything.
I live in Melb and I understand API comes out of Qld.
I got my floors done professionally. For the price he chgarged there is no way I would do it myself. He did a great job and the was prepared to wait and pay more than market rent because the place had polished floorboards.
The brother of a friend of mine did it himself and left the windows open while he applied the polish. It ended up like walking on carpet and he had to do it again.
Even then it does not look any good – I am told.
