[CaptainPositiveParticipant@captainpositiveJoin Date: 2003Post Count: 11]

August 7, 2003 - 2:43 am

Thanks to every one who replied.

Much Appreciated.

Captain

[CaptainPositiveParticipant@captainpositiveJoin Date: 2003Post Count: 11]

August 7, 2003 - 2:29 am

Hi Del,

Thanks for your reply.

It was a lateral question. Worth a try

Captain

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Hi Captain,

If there was, there would be no +ve cashflow properties left. We’d all snap them up pretty quick I think!!

The best part is doing the research yourself and actually finding one![]

Good luck,

Del

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[CaptainPositiveParticipant@captainpositiveJoin Date: 2003Post Count: 11]

August 7, 2003 - 1:41 am

Hello Michael and Kaye,

Thankyou for your comments on M Lomas.

It seems we all agree to give Edestiny a miss.

Ta
Captain positive

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Her books are ok, but give the rest of the services from Edestiny a miss.

Try this for some information:

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=1670

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=852

Also, try searching for Lomas or Edestiny.

Michael

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[CaptainPositiveParticipant@captainpositiveJoin Date: 2003Post Count: 11]

August 7, 2003 - 1:37 am

Thanks Livelife for your feed back.

I was asking my self the question. What do I get for my $2,500. I drew the same conclusion as you, not much.

Ta
Captain Positive

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I was considering to become a client.
What put me off was that they charge $2500 fee
that is supposed to cover advise from them forever plus software.That also includes help with re-financing (which you can get free through a broker).
They also strongly recommend that you spend another $350 or so on a report on your current financial situation.You pay for your first report and the ones in the future are free.

One big negative is that there is no specific contract that speciies IN DETAIL what you are going to get for the $2500. I tried to ask but all I was getting were very generalised statements.

I love Margaret’s books but I don’t think I will become her client.

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[CaptainPositiveParticipant@captainpositiveJoin Date: 2003Post Count: 11]

August 6, 2003 - 11:39 am

Thankyou to you for your comments.

It seems there a bit both ways on this subject.
Perhaps it comes down to what the individual is comfortable with.

Regards,
Captain Positive

[CaptainPositiveParticipant@captainpositiveJoin Date: 2003Post Count: 11]

August 6, 2003 - 11:33 am

Thankyou all for your comments.

Much appreciated

Captain Positive

[CaptainPositiveParticipant@captainpositiveJoin Date: 2003Post Count: 11]

August 5, 2003 - 11:33 am

Edestiny owned and manged by Margaret Lomas might help if you need someone to hold your hand while you get started.

Hope this helps.

Captain

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I am totally new to the idea of investing in real estate. My wife & I have a sizeable amout of money tied up in the share market. There are so many sites on the internet with ideas on how to be a “smart” property investor, yet quite a few sites seem to contradict each other. How do I know which ones I can trust & which books would be suitable for a novice like myself? We would like to invest in a rental unit here in Adelaide, yet like a lot of other people, I keep thinking the bubble will burst reasonably soon. Do I take the gamble & invest now, or wait for house prices to fall?

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[CaptainPositiveParticipant@captainpositiveJoin Date: 2003Post Count: 11]

August 5, 2003 - 11:04 am

Hello
Maximus and thankyou.

To be precise, is there a calculater to work this out. How do I know the value of these costs??.

e.g. I know that I must get a property built after July 1988 to claim the construction costs but how do I know what that cost is without is getting the property valued. and so on.

Some one out there must a this in calculated for a novice

Forgive me, if I sounf dumb, but this is my first time.

Captain

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Hey Captain.
From the rent, deduct interest + rates+ insurance. You may also want to allow for repairs also. Don’t forget that you can claim depreciation which helps you out too.
Cheers
Marty

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[CaptainPositiveParticipant@captainpositiveJoin Date: 2003Post Count: 11]

August 5, 2003 - 10:57 am

Stuart,

Thanks for your reply.
Much Appreciated

Captian positive

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In my opinion… interest only. The advantages are:

– You can make extra regular repayments if you like (subject to any product restrictions). Therefore you can make P&I repayments on IO loan.
– You can redraw any principal repayments (subject to product redraw).
– If cash flow gets tight then you can reduce payments to the bear minimum (i.e. IO).

The downside is that some basic variable products do not allow interest only repayments (or they charge a higher rate for IO).

Just my 2 cents.

Cheers

Stu

Property & Finance News
at http://www.prosolution.com.au

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[CaptainPositiveParticipant@captainpositiveJoin Date: 2003Post Count: 11]

August 5, 2003 - 10:56 am

quote:

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In my opinion… interest only. The advantages are:

– You can make extra regular repayments if you like (subject to any product restrictions). Therefore you can make P&I repayments on IO loan.
– You can redraw any principal repayments (subject to product redraw).
– If cash flow gets tight then you can reduce payments to the bear minimum (i.e. IO).

The downside is that some basic variable products do not allow interest only repayments (or they charge a higher rate for IO).

Just my 2 cents.

Cheers

Stu

Property & Finance News
at http://www.prosolution.com.au

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[CaptainPositiveParticipant@captainpositiveJoin Date: 2003Post Count: 11]

August 4, 2003 - 11:17 am

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I was lucky and picked up a commercial property in Hobart CBD last year for the same money it would cost to buy a flat in Sydney. Its been making a positive cash flow since day 1. Try your luck with commercial

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Has anyone purchased a positive cash flow property in Tasmania???

If this was your first time where would you look to purchase + cash flow property?

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