3 IP’s Matt :o)

All buy and hold (for now).

kay henry

se7en,

If you can’t see what’s wrong with this, then it’s probably unlikely that it could be explained to you. It’s just one of those things that most people know.

kay henry

Why so publicly bitchy, se7en? Isn’t there somewhere you could email the person you’re targetting and ask him that in private?

kay henry

Rugby, yeah, i thought that was weird also. Anyone have ideas on how they do this? I think for OTP apartments in Melbourne, there is no stamp duty… but no CGT?? weird…

kay henry

sis :o)

If you buy 3 more properties, you still have to pay about 165k back. what happens if you don’t have tenants during the repayment period?

I am intending on cutting down on my debt somewhat (even though my LVR is less than 70%) because my debt is more than 5 times my wage and I’m getting a bit worried about it. Halving my debt and then…[Read more]

Richmastery- Sugars and Jones’ baby? Aren’t they the “drought, death, dumb” etc guys? No wonder the properties are so undevalued… to get such undervalued prices, you have to be pretty ruthless.

Sell at a fair price, buy at a fair price and sleep fairly well, I reckon.

kay henry

Ghoti :o))) Thanks for all that excellent info. 34-35sq units- oh dear [] and for nearly 200k- it’s a big call, I think.

Re the RTA lease- an individual might get $30-40 a week for a car space, I guess. In the block where I live, undercover secure car spaces are being rented for $20 a week, in chippendale. So it doesn;t seem like it might be much…[Read more]

Terry,

If you don’t sell, doesn’t some of your borrowing capacity dry up eventually, unless you have huge equity (I don’t), and a huge income (I don’t).

I am fairly highly geared right now (not in terms of LVR, but in terms of high repayments or capacity to pay). I don’t use tenants to merely pay off my places- their rent goes straight into the…[Read more]

Erika,

I wasjust wondering do young people still use chequebooks- that’s all :o) Noone my age that I know uses one. Just checking out how others live. Reread my post- I didn’t say if you have a chequebook, you are 70…

regards,

kay henry

Pat,

Is there no body corporate fees for this apartment? No rates or water charges?

kay henry

Chan,

That’s all good, but people were asking about HECS, And in fact, there is anecdotal evidence that lenders are reluctant to lend to people with HECS debt for mortgages. It’s kind of relevant.

And some of us are not millionaires and probably never will be. There’s space for all of us here.

kay henry

Terry, you said:

“I didn’t inform the landlord, just did it! What I did was rent a few bedrooms out at a higher rent, an I paid nothing at all, because the other people’s rent cover the lot. Just becasreful the others don’t find out how much you are paying.”

I’m really trying to understand your perspective here. How does lying to your (equal)…[Read more]

Sally,

Congratulations- you’re a property millionaire- buy and hold

kay henry

Actually, no Mick. He merely collected the rent, didn’t furnish the place- it was a share household, and ripped off his fellow tenants. It was very wrong- but then, wrong is in the eye of the beholder these days.

kay henry

eah, Felicity, I see what you mean. But I am referring to the date of settlement- Bronny needs to settle in 4 days- as in complete the entire transaction. I can’t see any vendor in the world allowing “subject to’s” right up until the due date for completion!

How long was your settlement period, Bronny?

kay henry

fransam was probably a plant. This place is like a nursery, Kavita- i wouldn’t feel too worried about her/him :o)

kay henry

Chippendale, sydney :o)

Would be good for sydneysiders to catch up for coffee or Friday evening drink or something. Cashflow diagrams would do my head in right now, but a social drink would be good

kay henry

Allan :o)

Simon seems like a nice guy, I reckon )

You won’t be eligible for the FHOG if you buy an IP.

kay henry

Phobia,

I can understand what you’re saying, but do you think any young people actually use cheque books? I know my mother and father used them (the over 70’s people), but I see them as fairly passe.

*pokes the younger people* Do any of you have cheque books?

kay henry

sis,

Just wanted to thank you for your reply :o)

kay henry