Positive and Negative gearing

Viewing 7 posts - 1 through 7 (of 7 total)

bjozef
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@bjozef
Join Date: 2003
Post Count: 15
September 7, 2003 - 9:33 am
I no, to you this is proberly a silly question but i am new to investing in real estate. What do the terms negative and positive gearing mean ??
kaydee
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@kaydee
Join Date: 2003
Post Count: 29
September 7, 2003 - 9:38 am
Hi polski
Get hold of Steve’s book and some other investing books. Not trying to be rude but if you don’t understand these terms then you are not ready to invest in real estate. Attend to your education before you invest you will be much more likely to succeed.
Good Luck
Scremin
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@scremin
Join Date: 2003
Post Count: 448
September 7, 2003 - 9:40 am
polski, no question is ever silly.
Negative is when you end up paying some money towards the property
positive is when the property is giving you money back after all the usual expenses (rates, water, insurance etc..)
EVen if your property is only giving you $10 a week positive money, it is a good start as that will increase as the loan is paid off.
Simple answer for simple question.
Steph.
Success is 1% inspiration and 99% perspiration.
Scremin
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@scremin
Join Date: 2003
Post Count: 448
September 7, 2003 - 9:47 am
Kaydee, that was a bit rude.
Polski, go down to the bottom of the page and type in a search about books. There were some posts last week about good books to read. Start there, do lots of reading and then do some more searches about your questions as it more than likely would have already been covered.
All you have to do then is read the post and then post another reply to it to renew peoples interest in it. OK?
Cheers
Steph.
Success is 1% inspiration and 99% perspiration.
bjozef
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@bjozef
Join Date: 2003
Post Count: 15
September 7, 2003 - 10:05 am
Thanks for your advice. I have bought Steve’s book and am currently reading it, i have also read Rich Dad Poor Dad, i am still getting use to all the sayings that go along with investing in real estate. Any other good books you can recomend????
Scremin
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@scremin
Join Date: 2003
Post Count: 448
September 7, 2003 - 10:16 am
polski, trust me, just do a search with books in the field and you will discover a wealth of information that people have already shared. It is easier to do that than wait for people to reply.
I just did a search and it came up with some excellent old posts that will have everything you need.
Steph.
Success is 1% inspiration and 99% perspiration.
westan
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@westan
Join Date: 2002
Post Count: 1,950
September 7, 2003 - 10:51 am
Polski
i like Dolf De roos’ “real estate riches” a great why you should be buying real estate.
regards westan