Forum Replies Created
Marisa,
You’re partially right.
The issue is not which is better, it’s which is better in which circumstances.
For some people one approach is better. However many people still don’t understand the ramifications of their choices on serviceability, long-term CG and their personal living standards.
If a discussion on which is better gets all this information out there it’s worth it.
PS: Neutral gearing is also a possibility
Cheers,
Aceyducey
Hey all,
There’s already a property investors group that meets monthly in Canberra and has done for several years.
In fact we had a decent sized gathering last Sunday to play Cashflow. In March we had a speaker talking about the Queensland market & next month we have a dinner planned (date to be confirmed).
We tend to get up to around 50 people to a meeting, depending on the content – for the last cashflow game we had about 20 people, to last month’s presentation we had 50.
We alternate meetings South and North to permit as many people as possible to attend.
Note this is a group organised by volunteers (who are investors) for property investors – it’s not like Wise or other groups organised to sell you something.
We’re a very social group & always welcome new people.
If you want to be on the mailing list for events contact Ed Nixon ([email protected]).
Either Ed or I will put an announcement of the next meeting (the dinner) with all details on this forum in the next two weeks.
This doesn’t mean that PI people shouldn’t organise their own group however!
Can whoever ends up volunteering to run the gatherings please email Ed or message me so we can co-ordinate the events for both groups to give people an opportunity to attend both gatherings
Cheers,
Aceyducey
NickCom,
Here’s some arguments:
Unpredictable events such as terrorist activity, natural disasters & other abrupt shifts – whether social, economic, political, ethical or otherwise mean that predictions of economic indicators are not useful beyond a few months into the future.
The way inflation and other economic indicators are measured is modified regularly by governments to present the best face on the figures. As such distilling past figures into trends is fallacious as the measurement of the indicator is constantly varying. Equally you cannot reliably use this information to map future trends.
Hope this helps
Cheers,
Aceyducey
Oh – I thought it said TWO YEARS AGO
Retirement is great – do what you want when you want.
Lots of time for kids, travel & self-education.
Only issue is when kids are still young and at school & most friends are working…
I still ‘work’ on things I enjoy however – but cash is not the primary motive
Cheers,
Aceyducey
Wrappack,
Note that you cannot claim the FHOG on the investment property however.
In the legislation you must be occupying the house as your PPOR for a set period of time.
This doesn’t stop you from buying a house & granny flat (on one title) – living in the flat & renting out the house though
Cheers,
Aceyducey
It’s an idea to attach a cheque with the written offer.
Then the vendor has to take you VERY seriously
ALWAYS make written offers time-limited…this offer is valid for 3 days from date of issue…never make this longer than a week as it kills the urgency.
Your aim is to make the vendor realise you are serious & force a rapid response.
Your negotiations on price will go further in your favour if YOU control the agenda!
Cheers,
Aceyducey
u2jam,
Do you believe a consensus on an internet forum will move the market?
From my experience forum consensuses are correct approximately 50% of the time….they’re not even wrong often enough to make going the opposite way worthwhile!
Better to look at the evidence & make your own mind up!
And different markets across NSW will behave differently.
Cheers,
Aceyducey
Originally posted by Dale Missen:Well actuall this Real Estate Salesperson is only new (as am i) and been in the industry only 6 months and is very mucha pressure salesperson (woman) and is very stubborn in her ways. shes 40 and because thats the only thing she knows she laughs at my ideas.
Don’t worry she won’t last long
It’s a little known fact that the most successful real estate agents are those that leave the buyer & the seller happy in the majority of cases…Because they get referrals & repeat business.
Service is the key, not pressure.
Time will tell.
Cheers,
Aceyducey
Internet has had a lot to do with the latest boom cycle & I anticipate it will continue to transform investing into the future – not just property.
Howeer, it’s not the only factor – look at the economic indicators & trends
I’m looking forward to the first digital buying agent…hmmm – all those spotters on this forum will have to find another niche.
Cheers,
Aceyducey
