Total Members: 158,541

Johnny1974

  • Mate, not to be negative.

    Body corp is $90 week (includes electricity), council rates $38 week, insurance $10week, real estate @8%=$12 week……total costs per week $150.

    Not so sweet.

  • Johnny1974 replied to the topic The Money Room – dodgy or not? in the forum Finance 12 years, 10 months ago

    Jeez $5k once off and $98 month, are you serious? Just checked their website, I don’t see they are offering anything special.

    Hell property investing is not that hard.

    Look for properties that offer good location, opportunity for growth in resale and strong demand for rent.

    Get yourself a depreciation schedule, a good accountant and save the…[Read more]

  • Johnny1974 replied to the topic Property bust not here yet … worse to come in the forum fWord wrote:emptyvessel 12 years, 10 months ago

    fWord wrote:

    emptyvessel wrote:

    Johnny1974 wrote:
    Hi all Just my thoughts…… I to agree the world financially is pretty toxic at the moment and has been since 2006. Seems everyone, every sector, in every country is being hit hard. The only shining light is the worldwide mining industry. We have strategically sold down our portfolio of…[Read more]

  • Johnny1974 replied to the topic Property bust not here yet … worse to come in the forum General Property 12 years, 10 months ago

    Hi all

    Just my thoughts……
    I to agree the world financially is pretty toxic at the moment and has been since 2006. Seems everyone, every sector, in every country is being hit hard. The only shining light is the worldwide mining industry.

    We have strategically sold down our portfolio of six properties to two since 2006. Taken the profits and…[Read more]

  • Lets get real here, 10 properties in 3 years doesn’t mean squat. It’s not like you will actually own these 10 properties outright in 3 years, it just means you will owe the bank a heap of money. Then add in 10 x vacancy rates, 10 x repair bills, 10 x land tax etc etc, you are suggesting people gear themselves to the eye balls in the hope we get…[Read more]

  • As harsh as this might sound, you got into investment properties to make money. And that should be your only concern. Of course you should sign the contract for sale with vacant possession in there, because legally it can be done. This will get the sale over the line, and thats the most important thing for you.

    The plight of the purchaser,…[Read more]

  • Johnny1974 replied to the topic stamp duty in the forum Legal & Accounting 13 years, 2 months ago

    If you did the "sale" / transfer for a nominal amount, say 20k (when really a half share is worth 150k) how would the ato find out? I dont get it, what if I did really sell a property for a cheap price, who is the ATO to tell me what stamp duty to pay. <moderator: delete language> there should be no stamp duty to encourage us property investors to…[Read more]

  • Johnny1974 replied to the topic Who to see re: bad investment prop decision in the forum Help Needed! 13 years, 2 months ago

    Adam
    Just a few thoughts off the top of my head.

    You guys couldn’t possibly move into the IP?
    Declare bankrupt? (walk away)
    Talk to the bank to negotiate some payment plan?
    Get your solicitor involved?
    Legal Aid?

    Good luck mate
    Johnny

  • Johnny1974 replied to the topic POSITIVE GEARED in the forum Creative Investing 13 years, 6 months ago

    I’m always suspicious of these wealth companies. They sell you loans (they get commission) , sell you property (they get commission). And the rents they quote are always way off market averages, like buy this house for $500k and get rent return of $900 week. Like get real here!! These figures maybe right in a mining town in the middle of a boom,…[Read more]

  • Johnny1974 replied to the topic POSITIVE GEARED in the forum Creative Investing 13 years, 6 months ago

    Ash7261 thats like a 11% return, but what is the body corp / council rates etc?
    Amazing !!!

  • Johnny1974 replied to the topic POSITIVE GEARED in the forum Creative Investing 13 years, 6 months ago

    Good to see some positive minded people out there, sure things are not great, but still there are opportunities out there. Why buy in a boom? You’ll pay too much and having to wait years for a capital gain. Why not go against the trend and jump in against the majority, grab a great deal and reap the rewards. Never say never!!!

  • Johnny1974 replied to the topic POSITIVE GEARED in the forum Creative Investing 13 years, 6 months ago

    235k @350 per week rent is a decent return, 7.7%

    even with these ruthless so and so’s running the banks and jacking up rates its positive geared.

    congrats, goldies !!!

  • Johnny1974 replied to the topic Answers to “Where to Find CF+ Deals” in the forum Help Needed! 13 years, 7 months ago

    Hi peoples
    Am not in the market to buy myself, but always looking out of habit.
    Saw this one the other day, so just thought I’d post it.

    They say you can’t find POSITIVE GEARED investment properties, here is one I found returning over 8% on Realestate.com.au
    Property No. 106818309

    $220 week rent, 139k asking price, CRAZY!!!. Try doing that here…[Read more]

  • Johnny1974 replied to the topic Which state to buy in the forum General Property 13 years, 7 months ago

    Confused?
    Consider the ageing population? the masses of retiring/cashed up baby boomers with city/near city properties, looking to down size, free up some cash and escape the rat race you would think regional areas/coastal areas? Add to this growing crime rates? Global warming=hotter weather, I would have thought places like Tassie would be on…[Read more]

  • Johnny1974 replied to the topic good area under $200k in the forum General Property 13 years, 7 months ago

    Confused?
    Consider the ageing population? the masses of retiring/cashed up baby boomers with city/near city properties, looking to down size, free up some cash and escape the rat race you would think regional areas/coastal areas? Add to this growing crime rates? Global warming=hotter weather, I would have thought places like Tassie would be on…[Read more]

  • Johnny1974 replied to the topic good area under $200k in the forum General Property 13 years, 7 months ago

    Hi peoples
    Am not in the market to buy myself, but always looking out of habit.
    They say you can’t find POSITIVE GEARED investment properties, here is one I found returning over 8% on Realestate.com.au
    Property No. 106818309
    $220 week rent, 139k asking price, CRAZY.
    It can be done!!

  • Johnny1974 replied to the topic good area under $200k in the forum Hi peoples
    Am not in the
    13 years, 7 months ago

    Hi peoples
    Am not in the market to buy myself, but always looking out of habit.

    They say you can’t find POSITIVE GEARED investment properties, here is one I found returning over 8% on Realestate.com.au

    Property No. 106818309

    $220 week rent, 139k asking price, CRAZY.

    It can be done!!

Johnny1974

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