Total Members: 150,893

Hame

  • Hi all,

    Rental yield is a vital number no doubt, I also consider capital growth and tax benifits to be of equal weight in considering any property.
    Its almost an expanded formula that gives me a indication of a properties true worth.
    There is more to it than the 11sec rule in my experience, and ignoring a property on such a basic calculation…[Read more]

  • I am with kay henry, life is to short, money is our vechile thru life, service it regularly and your sure to have years of trouble free living.

  • Hi Vinny,

    Check out towns like Esperence as well. Properties above the 26 parrallel have up to four times the insurance premium due to cyclones etc.

    Hamish[;)]

  • Hi all,

    If you don’t already have a copy race down to your local newsagent and invest in the August edition of “Your Mortgage”.
    They have done the hard work and it is a useful point of reference, at least when you meet up with your broker you will know what your talking about.

    For $7.95 its worth the money[;)]

    Cheers
    Hamish

  • Hi again,
    I guess i should just give the example of driving down the road and comming to a T section, you turn left believing it to be the road to take.That is what the book reckons. Problem is that you get down the road a bit it becomes a dead end. Now this is were our nature kicks in. We turn around and retrace our steps back to the T section…[Read more]

  • I guess the toilet is the long drop variety[;)]

  • Hi all,

    Being a broadacre farmer(still) who has diversified into retail and other off farm investments as a direct result of commodity prices durig the 90’s i can see how easy nature can be compared with our material world.
    Humans as a group believe that we are a vastly superior race, but the longer i am involved in retail the stronger my…[Read more]

  • Hame replied to the topic Skeptics in the forum The Treasure Chest 16 years, 10 months ago

    Hi all,

    My old chestnut.
    “Knowledge can be defined as the realization that you have made the same mistake before.”

    You can make a mistake once and repeate it step for step at a different time and see the idea flourish. Often forces outside of our controll combine to drag us down or raise us up.

    Don’t be scared to get back on the horse, take on…[Read more]

  • Hi all,
    I asked my accountant the same question last week, he stated that an individual trust was the best option in the initial period. He did however state that a company structured trust gives continuity in that individual trust accounts become untidy if and when the appointed benificeries either die or move on.

  • Hi all,
    Just a thought if the level of debt scares you as it does me put 100% of the rental income into the repayment for the first term of the loan. obviously it will restrict other investment options but it will get the principal down to a manageable level very quickly and help you sleep at night. once your level of debt is within your critera…[Read more]

  • Hi all,

    Interesting that steve made the decision to sell his high end.

    I canremember reading in one of my books that there are only two reasons to sell any asset.
    Firstly you are offered an obscene amount of money to sell well over valuation and secondly when you urgently have to reduce some debt.

    I would rather be in the first position, steve…[Read more]

  • Hi all,
    I agree with westan, is their room for two? I imagine if your freind showed up with all his gear, drum kit included she would consider her options. It is not about being unreasonable, offer a solution, but at the end of the day its his investment and if wants to invest in property this unfortunately wont be the last time he has issues with…[Read more]

  • Thanks for the response and sorry to be so vague.
    just some answers to your questions.

    To Micheal & Kaye:
    $95K does not include rents from properties, that is our salary only.
    $180K equity is only on our PPOR.
    I did tell the bank that i was borrowing on an IP,although at the time it was a -ve proposal.
    The bank did not even ask about rental…[Read more]

  • To true Rodc, ifyour not paying tax then you are not making any real time money.
    Its impossible to be an expert at every angle on property. Find your expert that you are completely happy with and reward their loyalty well.

    It worked for Sidney Kidman, Australias original property investor.[;)]

  • Definition of KNOWLEDGE:
    Realising that you have made the same mistake before.[B)]
    and
    “If you spend too long looking in the rear vision mirror one day you will run off the road and hit a tree” early 21st century investor. [;)][;)]

  • Hi all
    Congradulations Steve on a very well written book.
    I missed your show unfortunately, however I am lucky to own an A&R store and watched as the 10 copies we ordered literally ran out the door.
    I grabbed the last copy and started reading as soon as I got home, finished the book around 3.30am, even followed your instruction to put the coffee…[Read more]

Hame

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