[garfieldMember@garfieldJoin Date: 2003Post Count: 9]

August 15, 2003 - 9:24 pm

hi,
Im so happy reading this !!
My wife and I just brought our 1st investment property and used ANZ, I was scared stiff about the fees etc et etc but now realise it was a good move.

Cheers everyone

[garfieldMember@garfieldJoin Date: 2003Post Count: 9]

August 9, 2003 - 10:28 pm

another one from steves book and other places:

“never trust someone who earns a commission from their advice to you”.
or something like that!!!!

“remember the past when looking at the future.”

Be afraid be very afraid!!

[]

sorry could not resist that last one.

[garfieldMember@garfieldJoin Date: 2003Post Count: 9]

August 9, 2003 - 10:08 pm

Great point Richmond,

You must work hard to reap solid results, however the harder you work at this game the easier
(I believe) you will find the decisions that need to be made, and therefore the less you have to work in the future.
Remember one very important point: If it was easy then everyone would do it.

[garfieldMember@garfieldJoin Date: 2003Post Count: 9]

August 9, 2003 - 10:02 pm

fantastic,

thanks for the advice. Obviously do your homework (as you should anyway) and be careful!!!

[]

Garfield

[garfieldMember@garfieldJoin Date: 2003Post Count: 9]

August 9, 2003 - 5:17 am

thanks Sparkle,

i must say the whole things gives me a headache []
If Im confident that my property will not decrease in value then I assume that interest only is the way to go!!
Even if the property does decrease in value then this is only realised if i sell it when the market is down.
Thats sounds like its the best option either way.
what am i missing????

[garfieldMember@garfieldJoin Date: 2003Post Count: 9]

August 9, 2003 - 5:03 am

hi Aussie,

This is really interesting, whats more important capitial gains or a positive return????
Obviously the best of both worlds is ideal BUT surely “a bird in the hand……!!”
if people think that the market is changing WHY INVEST NOW !!!.
thanks….for your comments.

[garfieldMember@garfieldJoin Date: 2003Post Count: 9]

August 9, 2003 - 4:48 am

hi,
Capital gains????
you said that the rent is just below market. Can you increase the rents or are they on fixed leases.???
with the information that you have provided i would have to say be careful!!!

[garfieldMember@garfieldJoin Date: 2003Post Count: 9]

August 9, 2003 - 4:21 am

yea,
there must be a place for interest only loans. Using them you can have positive income from a ppty and use that income to fund other investments. Why is it then that so many people dont use them.
Is there a hidden cost??

[garfieldMember@garfieldJoin Date: 2003Post Count: 9]

August 9, 2003 - 4:04 am

thanks.

Im looking forward to the challenge, but believe things should be done right. when your talking $100K+ for most properties then 1 mistake is very costly.
I have just brought my 1st investment property and “silly me” only now realising that negative gearing is NOT the way to do things.

Should have read “steves” book 1st!!