1. IP
2. Build wealth, interest in RE
3. Big house in v.g street for low price.
4. No emotion – it’s investing. Closest I come to emotional involvement is excitement when i can see potential for the future.

Pub’s don’t seem to go down in value very often. If you can pull 20k a year out of it on top of other income/investments you’re laughing.

Selling to buy 8 props puts you in the same situation financially if you ask me, but you probably lose your 20k surplus. Use the equity to buy elsewhere – but why kill the goose that is laying your golden…[Read more]

You sure do – other wise you are breaching the terms of your own mortgage.

Sounds like a good deal on the face of it. Don’t get sucked into having to get 10% or more return straight up, look to the future too.

Why would you take an IO loan when you could probably cover P&I for a few dollars more? I have never understood this “strategy”.

A.

IMO interest only is a bit of a waste of time. On a 250,000 loan it saves you around $50 a f/n. May as well make a dent in what you owe.

Originally posted by depreciator:
Not sure whether there’s any surf, Robo. I’ve never been there. It’s on the north coast.

Which town is it in Depreciator. Am originally from Nthn Tas and should be able to give an indication.

A.

Can’t see any crashes happening. With the heat coming out of most markets due to market forces we may see corrections in some areas, notably CBD units, I don’t see the factors for a full scale crash.

Just one investors opinion

Geo,

Used to be Polar Bear but someone joined and used the same name in a different case. Chose Anubis as he is the egyptian god of the underworld.

Hi Watchful – it already has dried up supply and driven prices sky high. Have to be a smarter investor these days.

A.

Acey – can you narrow down the industry or sector? From my experience they operate in many different ways.

A.

Originally posted by Sibo:
I think Russ’s point Anubis was that high yield properties are usually cheaper and thus cheaper properties, on average, may give a higher cashflow per dollar of capital spent.

Regards,
Si

Yes but it is not a fully valid point. If I use make believe figures I can make any option better than another, which is my…[Read more]

Define “cheap” and “expensive” Russ – it’s all relative.

If your cheap property is $50k you have 100x$50k – $5mill of property, so your expensive props must be $1 mill a piece. How many $1mill props return as little as 200p/w?

What is your gearing level? Is it cash in hand or rent on prop?

You need to make realistic comparisons if you want to…[Read more]

Originally posted by Lucifer_au:
Tasmania is an area that really heavily relies on mining and logging…. and so the market can be very boom and bust… Mines go through big cycles (so when it’s good, it’s good, but when it’s bad, it can be real bad…),

Not true – mining is almost dead and has been for some years. Forestry actually employs…[Read more]

Not sure about this – you may be able to get median rents from ABS or some of the property info companies that advertise on realestate.com. Which part of tas are you investing in?

Hi Karen,

I think it may be the wrong time to look at cheapo properties in towns of 1000 people as a form of investment. You are now buying into the very top end of the cycle – like a pyramid scheme the last in get the most burnt.

Be brave and do something different to the rest of the market until the perfect opportunity comes along – usually…[Read more]

Hi Jo,

I agree with you about CF+. There is not much out there that I would consider quality or a great long term buy. I don’t respond to many of the posts personally as the same question is asked every 3 or 4 days.

Let me state this loud and clear – if people are scouring the country for quality CF+ they have missed the boat for instant…[Read more]

I used to live near that town in 95 but always thought it was a bit of a nothing place – not as pretty as Stawell, and stuck between Horsham (which is bigger) and Ballarat which is much, much bigger.

There was a very large railway project going on out west in 95/96 onwards but I’d be more inclined to believe that an error may have occurred…[Read more]

Acey – While I couldn’t give a tinkers cuss about stars etc I fail to see the difference between the stars this forum uses and Somersoft’s preference for Top 5,10,50 etc. They also imply experience or knowledge that is not always appropriate.

We have moved out of buying residential property and into development. Lots more headaches and stress but good fun.

Gee whiz Pisces I hope you were being sarcastic. Either that or you don’t follow soccer in England. There have been 3 very high profile sexual assualt allegations in recent times, never mind the common assault charges, drink driving, and drug charges. Yeah, they are absolute princes.