FINDING THE CONFIDENCE

Foundation, so what are your credentials to give out advice??

A fair question perhaps, but what use posting qualifications on an internet forum? What does it matter providing the advice I dispense does not cause harm to others?
I think any poor or misguiding advice deserves to be challenged, and I would urge everyone to do so.
Remember, Nads73 has much to lose if a hasty or ill-informed investment decision is made.
So perhaps it is time for me to advise Nads rather than simply picking on other posts?

Nads73, your collection of ‘good books’ should include:

Extraordinary Popular Delusions & the Madness of Crowds by ANDREW TOBIAS

Manias, Panics, and Crashes: A History of Financial Crises by Charles P. Kindleberger

How to Profit from the Coming Real Estate Bust : Money-Making Strategies for the End of the Housing Bubble by John Rubino

and

Irrational Exuberance by ROBERT J SHILLER
when the 2005 edition hits the streets.

Just for a few. Remember, if the author offers an expensive seminar, put the book back on the shelf.

Cheers & Goodluck Nads,
F.[cap]

The bulletin board makes interesting reading doesn’t it? I like all of the positive stuff coming through.

I have been buying investment properties for the past 5 years .

All were bought either negative or neutrally geared. My two in Brisbane are now +CF due to unbelievable capital gains and subsequent rent increases. Melbourne has been stable [bummer].

It’s scary and exhilerating buying property, but I figure you can’t go too far wrong. After all you can always sell it again.

I suggest to my friends [some of which are now in property investments] to buy one [don’t forget your Section 15 tax break] and sit on it for about 12 months to see how it goes. Once you’re comfortable with that you expand your horizons and buy more.

I’m now looking at branching out and aggresively looking for +CF properties for the end of the year. That gives me 10 months while the Pearsall property settles down.

Cheers

Les K.

Hi

Les K:

May i ask if your properties are in a trust or bought in own names.

Cheers
SG

Hi all,
I am also in a similar situation to Nads as I am considering property investment as a way to ascertain financial freedom and the accumulation of wealth. This is my first time reading and posting in this forum and I am finding it to be extremely educational thus far. I am looking at borrowing with a 5% deposit and purchasing two properties with the one loan, renting one out, renovating and living in the other for a year and then borrowing against the rental after 6mths- year to purchase a third property to rent out as the loan will not be associated with that property at all (on paper). After a year i may also sell the 1st property (after rennovating) to allow me to access the captial i gain through rennovating and purchasing at a low price.-(40,000) then renov. 35-45,000 and selling 160,000+.
I am only 21 and this opportunity has arisen through family and I am extremely reluctant to pursue this plan simply because i do not feel that i have learned enough about what i intend to do, so I was wondering if anyone has any advice for me, or if anyone could refer me to materials that could further educate me?
Also was wondering what people on here mean by subdividing, and what a +CF property is, and what the 11 things to look out for are and what I should avoid when buying investment properties and how quickly or slowly I should purchase investment properties, for example, if I can purchase two immediately, should I and If I can purchase a third or even third and fourth within 12mths, should I or would it be wiser to wait for a period to see what happens with the first one/two?
Thankyou, look forward to reading your reply posts!![biggrin]

“BE COMMITTED, DO WHAT IT TAKES AND YOU’LL HAVE WHAT YOU WANT”.

Spoken like a dot.com ‘investor’…[whistle]

Spoken like a UK property investor in 1988…[whistle]
In both cases the evidence was freely available, yet the ‘investors’ continued to behave with the same ‘irrational exhuberance’ that enabled the bubbles to form. Remember, when the only fundamental that counts is yesterday’s capital gain, that is the very essence of a speculative bubble.

Why would I need to detail my education history in order to post helpful information, while those handing out questionable and dangerous advice go unchallenged?[wacko]

If you’d prefer lies from a genius to fact from a fool, that is your prerogative.
Some advice for yourself – Dictionary.com. When you have learnt to spell, check the definition of ‘market’.
Hell, I’ll save you the time and post it:

Now, have you any helpful advice for Nads?
Cheers,
F.[cap]

I can second that!

Once you think you have learned all there is and you try your hand, you discover how and what to put into practice. We had several goes at it, first few times we goofed and then it finally came together. Pitty that we found out afterwards the information that showed it to have been a poor investment. Thankfully we got out of it!

Theory and practice are worlds appart! Once you have a couple of trys under your belt, you’ll know and refine your efforts. I love the chase, my wife loves the solutions; I do the heavy lifting and moving and she does the detailed work – great partnership.
Don’t rush, but be steadfast in your efforts, BUT HAVE A GO![cigar]
It will complement all the theory!

Cheers

C@34

SALACIOUS

….You’ve lost me there…..or is it just too early in the morning!! I’m going back to bed!!

GGG

foundation
:::::::Your quote::::(one of the stupidest pieces of advice ever posted on this forum!!!)

Everyone has their own views and opinions and ways of looking at life………..so you are entitled to take it anyway you want…….”Anyone of us can do anything we like as long as we belive we can!!!!!”

GGG

great story jo and tom i love hearing that stuff while many will call you lucky i prefer to call it the ‘power of positive thinking’ looking at what can be done as apposed to being told what ‘cant be done’ by others has given you a lifestyle you richly deserve.

g. granland