a lot of people emailing me about this, thought I better put it at top of pile again.

paulnthiona@hotmail.com

The greatest asset you have is YOUR ABILITY TO EARN AN INCOME, ie a job. You have sold your business, but can make money working as an owner builder. You have about $300k – $340k equity, which I would say is not enough to quit working. Buying the land and duplicating your success sounds like a good idea to me.
“Our aim is to reduce our mortgage by…[Read more]

Hi Michael

could you send me that spreadsheet?

cheers

paulnthiona@hotmail.com

“would like to stop putting dead money into rent first”

who says its dead money?

even if you buy a place and live in it, you are effectively paying rent anyway. you always have to live somewhere. if you moved out you could rent the house out to someone else, but it would still cost you money, (and dont give me any positive gear rubbish, cos none…[Read more]

geez you missed the best Einstein one:

“only two things are infinite……the universe and the stupidity of man…..and im not 100% sure about the former”

Alf,

thats sounds like a nightmare, much worse than I imagined.

you may be relieved to know however than in the last 2 years there have been some major changes to the industry. cold comfort I know, but may help others.

Advisors must now disclose any kickbacks, commissions, hidden fees, conflicts of interest and the like. All advice must be in…[Read more]

Hi Alf

I would like to help if I can. Perhaps if you tell me exactly what he said (it should be in writing) I can investigate if he has broken the law. I cannot see how a tort of negligence can be excused simply because the advice was property related. Other unlicenced advisors might be excused, but not a licenced advisor doing things by the…[Read more]

Logic would say they are inversely related. When everyone wants to buy, nobody wants to rent, so rent prices fall. Vice versa when nobody wants to buy.

Then again in places where growth is slow & steady, rents should rise in line with growth.

sleep is for whimps.

oh wait, thats lunch

i found some parts of eagleby quite nice, go a few streets down and hit slumville. agents tell me they would be putting their money there, and they are the experts I guess.

If you want lots of free holidays around Australia each year, buy IP’s all over the place. You get to claim travel expenses and accommadation so you can inspect each property twice a year. Hmmmm Cairns sounds nice, so does WhitSundays…….

however it is possible to claim travel expenses and accommodation 2x a year to inspect your property

yes there are a lot of shonky advisors out there, most have no training or qualifications, and are mere salesmen. it is a sometimes corrupt profession (though regulation is changing this) where advice is often given depending on the financial kickbacks and commission the advisor receives for promoting certain products. I actually told my recruiter…[Read more]

Hi noddies

I am also a financial advisor (well kinda…got my diploma but not yet employed) but I didnt do the superannuation module, thought it would be too boring. Instead I chose derivatives, insurance & risk, stockmarket, fin planning & wealth creation, law, economics, company performance. I think maybe it was a mistake to miss the super…[Read more]

there is a lot to be said about contrarian investing

every man and his dog is buying property…..which means its time to sell property and buy S…..s

WHEN EVERYONE AGREES, NOBODY IS THINKING

80% is standard I think, but not a set rule

you need to maintain at least 10% equity. The $10k is yours, but they wont allow you to leverage off it twice.

I have my own, similar rule

if weekly rent is the same as property price in thousands, eg

rent $150
price $150,000

the yield is 5%

50 x 150 = $7500. 7500/150000 = 5%

most properties I see now are 7.5%, eg $100k & $150. When I see rent is $200 and asking price is around $200k, I laugh and run.

Hmmm

actually you just gave me a ripper idea.

I have exceptional knowledge of a new, unknown product (which beats anything else out there), as well as exceptional knowledge of the sharemarket, but no licence to provide advice about either.

If I were to operate under a dealers licence, sub contract or something, it could be done. Would either…[Read more]

I suppose I could operate under your licence though…..kind of like a franchise? Seen it done with many firms, but they want you to pay like $50k up front for the priveledge….pfft.

Hey I’m open to anything.

Brisbane