sis,

there are many in the Australian workforce like this too. Bugger off Kiyosaki’s attempt to scare people, but it’s good to look at the reality of one’s life. We all need to reskill and reeducate. When i was going back to University, my mum was saying to me, “you don’t need to do that- you already have an education and a job.” But my mum comes…[Read more]

NEWGEN,

My bank *always* tell me what the valuation figure is. I have to say, I reckon (and I hope you can prove me wrong) that the figure the val came at is the same as the price you bought it for. You’d know it’s not less, because they wouldn;t have loaned you the money probably (they don’t like negative equity), and it probably wouldn;t be too…[Read more]

george,

In that case, leave your credit card behind- it’s just impulse spending. Best to think about it for a few days instead of getting caught up in the hype.

kay henry

Deal, I won’t ever be fixing my rates. I remember aftert the first interest rate increase this year, people were panicking and saying to fix their rate. Go figure- the sky hasnt fallen in, and I doubt there will be any interest rate increase for- at a guess- another 5 months? That’s just a guess of course :o))

I like flexibility. I am happy to…[Read more]

Del [smiling]

I wrote this elsewhere, but my acceptability rate would be:

6% in city
8% in regional
10% in country

Of course, I’d like to say I only accept a 40% yield- hehe- but that would be lying

So if it’s regional, my level is 8%.

Hope that helps. As you might know, I’m pretty conservative investment-wise, and don’t expect the sun and…[Read more]

hehe Mel- and is it actually called secrets of the super rich? I just made that up, but I guess many of them are called something like that :o) How many secrets unrevealed are there these days? Can’t be many left!!

kay henry

Mel? You’ve been thinking about investing in wraps??

kay henry

ohhhhhhhhh Tinkerbell.. that sounds so tempting… now lemme think… kiyosaki or pay for 3 QS reports… Kiyosaki or pay rates… Kiyosaki or do overdue work project… seriously, it does sound like fun :o)

What if I end up signing up for a 5k super secrets of the super rich course??

How long does the seminar go for, Tinkerbell?

kay henry

Thanks Simpon- what a sweetheart you are :o))

Tinker- check this one out- seems likea MUCH better deal- 47 sq metres, 170k, and it’s a loft- so it will maintain it’s fashionability (I have NO association with the following apartment, and caveat emptor to all who behold! hehe)

http://domain.com.au/listing.aspx?mode=buy&id=2004409918

kay henry

geo, I think the author (with one c and two l’s) :o) wants to be on the other side of a wrap. successful, if you have a job, you should have no problem getting a traditional loan. Sell your car- if you have one- for a deposit, and ask a mortgage broker on here to discuss your financial situation with you. If you buy into a wrap, you’ll be paying…[Read more]

Tinkerbell,

5% after all outgoings isn’t too bad, I think. Places such as you’ve described might have horrendous Body Corporate fees (if they have a pool, gym etc) so if the company pays for this, then that’s something.

If the company has a deal with a University in Sydney, then your rental guarantee would probably be safe.

25sq metres is very…[Read more]

Valuer- all good- and thanks for your reply

My questions were more for the audience of those who were new to the market. Justr for them to think about stuff, but you obviously know what you’re doing

It’s just my call, but I *do* think the market is flattening in WA and Taz. Depends on what you call flattening. The RB said the “bubble” is over,…[Read more]

Iambored :o)

I would be completely happy if the properties that I want to buy yielded 10% Absolutely happy! I am just probably not, at this stage, going to buy rural properties. It’s just something I think is too risky for me. I am in property for the long term, and there are just certain things I am looking at- post-1987 properties, in places…[Read more]

I agree, Valuer, that there are many CF+ deals around. My question though, is are those places desirable? Having some knowledge of ewhat one can get for 35k these days… I am wondering- will the place need repairs? Will you be able to find other tenants if those ones leave? I am sure you have done your due diligence, given your occupation, and…[Read more]

I think we buy what we can afford. And you can still continue to buy neg geared places if you are employed and have income (or income from another source). If your income only comes from rents, well, of course you can only afford to buy certain places, and you need the yield for them to be able to pay for themselves. I don’t see neg gearing as…[Read more]

Tinkerbell,

It’s hard to properly answer this because we don’t have the full picture of what th advisor replied to them- so it’s out of context. Did the advisor caution them to wait because he saw their OTP aspirations and didn’t want them to go out and get a 600k over-supplied apartment? Maybe he wanted them to spend a few months educating…[Read more]

Nat, you said:

“Some of the absolute BS on this forum is just too funny for words.”

If you have information that others might not be aware of, then it’s great if you share it. But you are not always “right” because sometimes it is a matter of perspective, and not *fact*. There’s ways to correct people’s misinformation without being attacking or…[Read more]

Marc, yeah, I’ll go (Marc willing!) Can you ring the number and we can get some more tickets? Someone mentioned this the other day- advertised in the SMH or somewhere. We could make it a bit of a party Marc. Of course, it would be a party with just the two of us- but why have all the fun to ourselves when we could share it around?? hehe.

kay henry

Marc,

A whole day to hear about RE and get motivated?? Isn’t that what we’re looking for? People pay thousands for seminars and this one’s for free!

Marc- where did you get the tickets from? I reckon I could do with my own double pair

kay henry

Here’s to you too, stelep! Ask anything you like! (You can only get your head bitten off- hehe)

kay henry