[CreminParticipant@creminJoin Date: 2003Post Count: 105]

August 21, 2003 - 7:58 pm

Tell me if I am wrong, but if -ve gearing was abolished, I agree that rents would increase but hte idea that house prices would go up is questionable.

I mean, surely those people who thought they were on a good thing with -ve gearing will now have to pay a lot more for the property making them want to get out of the property quick smart. That means there will be a lot more bargains to be had in the future. I am crazy to think of it that way???

Just hope it is all favourable for me…. eventually.
Steph.

Here for a good time not a long time, just do it!.

[CreminParticipant@creminJoin Date: 2003Post Count: 105]

August 18, 2003 - 5:33 am

YEah thanks for that madeinoz. I have heard the saem thing from the Withers Headmaster. I am applying for a job at that school and his enrolments have dropped from 450-310 students because homeswest has moved out.

Oh well, I think we shall just have to wait out the 130 days till we get home… Can’t wait.
Cheers again.
Steph Cremin.

Here for a good time not a long time, just do it!.

[CreminParticipant@creminJoin Date: 2003Post Count: 105]

August 10, 2003 - 6:56 am

Hee hee, the good thing about those reno shows on telly is that when the home renovator stuffs it up and can’t be bothered they have probably lowered the price on their house to sell!

Easy pickings for those who can do it quickly and without costing much! Woohoo! So it isn’t all bad! All the good ones you see, I am sure there are probably 10 that are absolute bodge ups. You just gotta find them!!![:X]
Mrs.

Here for a good time not a long time, just do it!.

[CreminParticipant@creminJoin Date: 2003Post Count: 105]

August 9, 2003 - 10:44 pm

A few Einstein quotes…
“If we knew what it was we were doing, it would not be called research, would it?”

“Weakness of attitude becomes weakness of character.”

“The important thing is not to stop questioning. Curiosity has its own reason for existing.”

and
When you reach for the stars, you may not quite get them, but you won’t come up with a handful of mud either.
–Leo Burnett
Found them around the joint…
Mrs.

Here for a good time not a long time, just do it!.

[CreminParticipant@creminJoin Date: 2003Post Count: 105]

August 9, 2003 - 10:31 pm

hey Paul,
As Westie said, glue a phone to your ear. By the sounds of it, you have the guts and balls needed for the property market. Losing your property is a possibility but is most unlikely if you do your homework and set yourself some limits.

You have time and a brain at hand and you have obviously thought this through. Go for it Paul. I think everyone on this forum would agree with me on that one. Just stay informed. Hey! You have one over me! My hubby and I don’t even have a property yet so you have a huge advantage over us.
good luck and keep the forum updated with what you end up doing.
Mrs.

Here for a good time not a long time, just do it!.

[CreminParticipant@creminJoin Date: 2003Post Count: 105]

August 9, 2003 - 7:04 pm

Check out the zoning as some apartments can only be used as a holiday unit thingy. My friend was sucked into buying a unit that did not actually have zoning for residency. Also check out the history of it with the council, strata fees, issues and maybe if there is a residents board find out what is going to be done in the future and if it will cost you lots of money. Hope my friends stuff up can help you.
Mrs.

Here for a good time not a long time, just do it!.

[CreminParticipant@creminJoin Date: 2003Post Count: 105]

August 9, 2003 - 6:55 pm

Thanks terry but seriously, could some of them take up to 25 years which is the loan term or do you find that people are keen to pay much quicker?
Ta
Mrs.

Here for a good time not a long time, just do it!.

[CreminParticipant@creminJoin Date: 2003Post Count: 105]

August 9, 2003 - 8:16 am

[8D][8D]
THanks Del,
Just have appreciated all stories and experiences from this forum.
[][][]

Here for a good time not a long time, just do it!.

[CreminParticipant@creminJoin Date: 2003Post Count: 105]

August 9, 2003 - 7:19 am

Nicole, you not alone there. We in UK to raise revenue…. Paid off $17000 worth of debt and have just started saving for a $25000 goal. It will be slow going but stick it out, you will be amazed at what you can save.

For everyone else on the forum, we are at 0 as well but plan to have 1 ppor, and 2 IP by the end of next year with one of those totally paid off and in our ownership. We plan on renovating houses and turning them over then using that extra cash to buy one or two others to do. Eventually doing that should give us enought to pay off one house per year.

We think it is the right way for us to go as the houses will be our super for our future. If anyone has any tips they will be more than welcome.
Cheers.
Cremin.[:0)]

Here for a good time not a long time, just do it!.

[CreminParticipant@creminJoin Date: 2003Post Count: 105]

August 8, 2003 - 5:15 pm

[][][][][][][][][][][][]
A big thank you to everyone who replied. It is really great to see other people achieving their goals and leading a much more stressless (if there is such a word) life, than if they were still stuck in their typical job. Which by the way stands for Just Over Broke.
Just to clarify, i wasn’t asking for sucess stories just for my own benefit and motivation. Hopefully everyons stories has motivated all the people who read them even if they didn’t reply.
Even though I haven’t actually bought my first property yet, my first success story is that my wife and I have reduced our debt of $17 000 to $0 and will have our first deposit of $25 000 saved by the end of the year. We have what I think is a great plan which will enable us to accumulate one rental property every 18 months or so which is entirely ours (not the banks) which means every cent of rent is pure income.
Can’t wait to get stuck in.
[][][]

Here for a good time not a long time, just do it!.

[CreminParticipant@creminJoin Date: 2003Post Count: 105]

August 7, 2003 - 5:52 pm

Try going through a mortgage packer not a mortgage broker. There is a big difference between the two, basically packers tailor the loan to suit your needs and pull all the strings to get you what you want. A broker will look at your assets and income and say yes or no. Simply brokers get so much business they don’t really care about the end result.[]

Here for a good time not a long time, just do it!.

[CreminParticipant@creminJoin Date: 2003Post Count: 105]

August 5, 2003 - 5:57 am

Steve,
I wanna know why it is costing an atrocious $30 to ship over here to England? My mum sends me stuff all the time and it doesn’t cost that much or is it being couriered or something?

Looking forward to reading the book, but $30 !! Crippling. At least I have a favourable exchange rate behind me!
Cremo.[xx(]

Here for a good time not a long time, just do it!.

[CreminParticipant@creminJoin Date: 2003Post Count: 105]

August 5, 2003 - 5:33 am

Wannabe,
Is there anyway you can improve the property with little cash input so as to get a better rental return? I mean things like just repainting or getting the garden sorted out? I could be that the IP just needs general tarting up so as to attract a better rental source.

Maybe $1000 invested there will give you an overall better cash flow.
Cremo.

Here for a good time not a long time, just do it!.

[CreminParticipant@creminJoin Date: 2003Post Count: 105]

August 5, 2003 - 5:29 am

Crashy,
Try [email protected]
Cheers.

Here for a good time not a long time, just do it!.

[CreminParticipant@creminJoin Date: 2003Post Count: 105]

August 4, 2003 - 9:19 pm

Sorry Rock this isn’t what you wanted to hear, but the first rule in business is “Never start a business with friends.”
Sorry mate.[]

Here for a good time not a long time, just do it!.

[CreminParticipant@creminJoin Date: 2003Post Count: 105]

August 4, 2003 - 8:36 pm

Hey Crashy,
My hubby and I are in similar situation except we looking to do renovations in Perth or Bunbury (WA). Any info you find out, could you forward it on to us to help us in the same situation?
Cheers.
[email protected]

Here for a good time not a long time, just do it!.

[CreminParticipant@creminJoin Date: 2003Post Count: 105]

August 1, 2003 - 7:45 pm

My goal is to create a comfy lifestyle for my wife and I. Where we can choose if we want to go to work or not. Where we can pack up and travel around Aus or the world whenever we choose knowing that we are earning a thousand+ a week while kicking back on the beach in Fiji, while carving it up down the gear jammer in Canada, while hiking the garden route in SA.
All the time reminiscing about how i used to work my arse off all week for a measley 500 bucks working for a complete t[!][xx(]sser!
Yeah baby bring it on!![]

Here for a good time not a long time, just do it!.

[CreminParticipant@creminJoin Date: 2003Post Count: 105]

August 1, 2003 - 7:23 pm

As far as i am aware 007, yes you can. As long as the property is and always has been a rental since you bought it and the depreciating fixtures were brand new, not just renovated.
But don’t just take my word on this as i am not a 100% sure. Hope this helps anyway.

Here for a good time not a long time, just do it!.

[CreminParticipant@creminJoin Date: 2003Post Count: 105]

August 1, 2003 - 5:58 pm

Thanks everyone! some great advice there. []

Here for a good time not a long time, just do it!.

[CreminParticipant@creminJoin Date: 2003Post Count: 105]

July 29, 2003 - 8:22 pm

Depends on a lot of factors!. The main two being, do you own the house outright?. If yes then definately keep it, the benefits options and security it will give you in the long run far outweigh 99% of other investments.
The second being can you afford to buy the other house without selling your house?.
[]