I Cross-Coll most of my IPs, but maximum is 3. But every now and then when the property have enough equity to stand alone, I just inform my lender to do the revaluation of the property for itself to stand alone.

I am sure by set up LOC or the so called Master Account from you existing equity you can go to any bank to borrow money without just…[Read more]

Tammy,

If I were you, I will move in the current house together and draw down the equity to purchases a few +ve cashflow properties. At the same time save up until you are ready to purchase quality investment property in a few year time to offset your +cf properties.

I would then move out of your current house rent it out and purchase a better…[Read more]

Rugbyfan,

I got it ready and waiting for PoorDad response so I replied.

Currently PoorDad on holiday.

Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

Replied in BLUE
Originally posted by elves:
Yakky put up a post about what to do with 42K?

Well I have that dilemma and as I value the opinion of quite a few people on here, perhaps they would care to give me their opinion.

I promise to take it on board as I need the advice.

Scenario: sold a block of land I have 48k. Out of this I have to repay…[Read more]

I am here.

They all upset of me because I posts too much here…LoL

I was thinking of creating this topic this morning, but I thought I better not say anything otherwise they will call police.

Maybe PoorDad warned me that’s why I post so little here. Furthermore, did you see this…[Read more]

Maybe because of this disappearing posted without trace that cause me to questions Richmond regarding my posted disappearing.

Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

I did a lot of science subjects which does not help even a bit for my investing journey. The subjects like 4 units maths, physics, engineering science…and I also questions what’s going to use for in the future and up until now it’s still useless for me. Luckily I did computing studies which does help me.

Kind regards

Chan Dollars
[Retire…[Read more]

Shushar,

What would they teach – budgeting, mortagages, shares, property, managed funds, wraps, options, warrants?
I believe that teaching any of this topics is better than nothing at all. At least students learn the basic things while they are at school.

If I knew what I was doing at school back then I would do subject like ‘economic’ or…[Read more]

Bigben,

For me only I could not agreed more. I knew about Domino Effect’s techque and some other also knew it from SIS, but as far as I know none of us want to use it at this stage.

As I said before if opportunity arise then I will use it one day. And I believe that’s going to be a long time.

Kind regards

Chan Dollars
[Retire Young, Retire…[Read more]

It would be nice if school subject does have ‘basic investment’ for all students. Then students be able to learn the basic things instead of have to wait ’til finished uni to aquire this knowledge themself if they choose too.

Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

CD & your supporters,

Take a look at the forum again and see what you saw. As far as I can see it have been divide to many category.
1. Re: Property Investing (General Property and Help Needed are where most people seeks informations without interruption) and I see fairs posts there.

2. Investing Support: Eventhough I don’t hang around in this…[Read more]

Thanks once again.

Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

Redwing,
So are you saying we are paying CGT eventhough the place is your PPoR.

I might need to talk to my accountant for this one.

Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

Redwing,

Now there’s the answer. If you still not happy then PM SIS direct.

Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

Russ,
It’s fine if you buy property base on gut feeling, but for me I will never do that.

You gut feeling won’t tell you the full story but statistics will. If the statistics tell you not to buy then I would not touch it, but that’s me.
If you find one with a long term tenant dont matter if you like the place or not .You are still making money…[Read more]

Looking forward to it, thanks.

Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

Originally posted by Risky:

Yes Chans your perfectly correct , you could be burnt if you jumped in and bought a ip for under 100k with no due dilegence in a regional area but my point is it would be a little bit more painless than the same invester doing the same thing in the city for 300k. [mario]

What about the same investor don’t buy in…[Read more]

H.C.,

Say at ’05-’06 you buy your first investment property, how do you know it’s going to grow more then inflation after that. It’s anyone guest, so at the moment most of the media is gusting it. Are they right? I don’t know. Are they wrong? I don’t know.

And how do you know from now to ’05-’06 it’s going to grow 4.5-5%. It’s just a guess.

If…[Read more]

Originally posted by melbear:
Chan$, I think the valuation only works if you live in it then move out.

For the renting first, then moving in, I believe the CGT is calculated on a pro rata basis of time lived in vs investment.

ie if you live for 1 year, but rented for 3 beforehand, you pay 3/4 CGT.

Cheers
Mel

If that’s the case then say you…[Read more]

H.C.,
If I have cash right now then I will look for property investment opportunity right now. I don’t like to wait until ’05 or ’06 because what would happen at ’05 or ’06 you found that the areas that you actually want to invest right go up 5-20%. You probably would say to yourself…damp I should buy it back then.

Rather than kick yourself at…[Read more]