Thanks for than Mini. If you read back through my posts, you’ll find that I was not having a go at anyone, whereas DD is happy to attack me personally not my messages.

Sure DD’s ‘projections’ may show one thing, but mine show another – thousands of small time ‘investors’ getting royally screwed by unscrupulous developers, mortgage brokers,…[Read more]

Oops, despite my best efforts to remain courteous, I appear to have touched a nerve. Thanks for the advice about my head. I’ll go do that now.
Cheers, F.[cowboy2]
Oh, and the word is ‘fertilise’, and it’s entirely appropriate.

(Top post Steve M^!)
Hi WWJD,
I agree with most of the comments above, and would like to add a couple. If you can afford to buy a house outright, and still have reserves or the ability to save for further investments, there should be nothing stopping you.
As this is probably not the case, I would suggest you give serious consideration to the price…[Read more]

Ask again on http://www.singingpig.co.uk
Cheers, F.[cowboy2]

I can’t see any call for them myself. What would be the proportion of interest payments to capital over 40 years![blink]
I guess the credit card brigade might think it was a good deal though!

Commercial I take it Dazzling? What type of commercial property was it if I may ask?

No offense DD, but you wouldn’t have a vested interest in talking up Logan ‘townhouse’ investment? How many are you holding for the long term? How many are you flipping for a quick buck?
Can you please provide a link illustrating the ” Projections on the townhouse and unit market has them averaging $157k by december”?
I also think it would be…[Read more]

I am not advocating city pacific, merely pointing out that its an option which is there to be explored, that’s all.That’s fine BigJobs, nothing personal..
but this:
they now offer 9%is misleading. Nowhere in the PDS will you find an offer of 9% profit return on your investment. In fact, read the fine print and you find:
Neither the Public Trustee…[Read more]

Thanks Michael. I guess that proves that ‘value’ depends on your perspective![biggrin]

Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.Like heroin for example. Or flying without a parachute.

Sorry Calvin, I couldn’t stop myself!

…I doubt [edited as a possible breach of religious vilification laws] by the end of the week…[blink]

… just before they start going up again![biggrin]
Stay tuned Padmaa, I’ll let you know.

I bought realestate.com.au shares last year. They have mnore than doubles in value in 6 months, which beats any managed fund by miles!
I was going to thank you for the heads up and start shorting REA, but I notice they’ve fallen from a high of $2.20 on 10/02 to $1.40 today. I guess I’m too late!
Cheers, F.[cowboy2]

Foundation, “to sell now will require vendors in most areas to accept lower offers than they could have expected a year or two ago” – Wouldn’t that mean NOW is the time to buy?
Why buy when prices have started falling? Would it not be better to buy when they have finished falling?
Cheers, F.[cowboy2]

Oshen – Cheers mate, you’re welcome!
Det – use the “Quote” button.
Cheers, F.[cowboy2]

Sure Scremin,
That underlined blue word at the top of my last post is the link. The article is from Today Tonight[blink], but the investigation is from BRW.
Cheers, F.[cowboy2]

Originally posted by JackHu:
I have read Robert Allen’s nothing down for the 90s.

The new edition for Nothing down is out, and I am considering buying it too.
Sorry, I haven’t read it yet. I don’t suppose you know where I might be able to get a copy?
Cheers, F.[cowboy2]

One step at a time then. Sell your PPOR before you even consider an IP, otherwise you could unwittingly find yourself holding that $600k of debt.
Cheers, F.[cowboy2]

Hi Newstart,
Do you plan to sell your current PPOR, leaving you with $250k debt (on the 2 new properties) or keep it – resulting in 3 properties and $600k of debt? I’m guession the former, as IO payments on the latter will exceed you net income.

From the latest Property Investing Newsletter:if you’re using a buy and hold strategy on the basis that your profits will be derived from the property market returning to the boom times of a few years ago then you’re making a fundamental error of judgement because you’re investing for a market that doesn’t exist at the moment.I agree. In the long…[Read more]