Actually Mini, I wasn’t here around the times of the BillfromOz thing- i was on a conference in Qld, and came back to see heaps of posts deleted and people gone. I have no issue with people expressing their opinions. I am opposed to name-calling. You calling me a “goose” is unnecessary. I have no idea what “psychobabble” you are referring…[Read more]

LifeX,

There is a topic on this somewhereon this Forum. Look it up in the search engine :o) I posted some links for the legal situation of Australians in this regard.

kay henry

Pisces,

Getting, also putting a 20% premium on the house (so that makes it not 350k, but 420k), I doubt in a flattening market, you’d find anyone to do it. I really thiunk if they had enough money for a deposit and the premium, they’d probably find other ways to finance than wrapping, no matter how bad their credit record was.

kay henry

wow- Bill’s risen from the grave again :o) PI.com’s very own Lazarus. How are ya Bill? How’s the RE market in Canby going?

kay henry

Multiply by 500? hehe- yeah, i know that’s the way you are *supposed to do it. I look at the
purchase price and then double it for rent. So:

50k = 100 bucks rent per week.
100k = 200 rent
200k = 400 rent.

It’s the 1/2 second solution.

kay henry

hehe Monopoly.

skwebb, I mentioned a place where these CF+ exist the other day on here, but I got howled at, so I won’t mention it again :o)) oh ok then- broken hill!

It really depends on what you’re looking for, skwebb. Read as many books as you can, scan the RE websites and the weekend newspapers … and then decide what’s best for you.

kay henry

yack- 1000 per annum per property? Does that include rates, water, insurance, possibly landlord protection insurance, depreciation schedule, repairs? sheesh- your places must be maintenance free, mate!

cremin, I think your question was a very worthwhile one. The only way passive income changes is by rent rises yes. But that’s assuming we only…[Read more]

g7 :o)

I’m a researcher, policy analyst and advocate.

I’m afraid you won’t get many replies to this post- most people here in PI.com have “retired”- hehe )

kay henry

Looks like most of us live the lives we’ve always led, really. I have always gone out to dinner and spent money on consumables- that hasn’t changed. For those who stay at home a lot, it seems like they still do. We all probably went on holidays and did our hobbies all our lives – even before our great wealth :o) Has life really changed for any of…[Read more]

DD, There hasn’t been any aggro for 15 posts. People have been discussing the economics of what a crash might be, as per topic.

DD- how’s the market where you’re investing? Do you think the property market might crash? or merely cool?

kay henry

DD, that’s possible. But people have exptressed opinions after that discussion occurred. I think they made their voices pretty clear.

kay henry

geo- well done :o) It is possible to get one IP on a low income, maybe even a few :o)) geo, you don’t have to have a lease contract on hte place YET to purchase it- just a letter from a RE stating it’s expected market rental value.

kay henry

Marc,

You asked:

Kay Henry, your opinion is interesting (do you have children?), you seem to see it from “the other side of the fence” as a kid would. Why would one sibling resent the other? why in deed! I know I did. When my parents split up my mother put our house on my brother’s name to keep it from my father. We where 18 then and I did…[Read more]

DD- good for you :o) I love property with a passion too. You’re in good company [biggrin]

kay henry

Boom Crash Opera folks [cap]

http://www.theaustralian.news.com.au/common/story_page/0,5744,9454466%255E25658,00.html

“While the figure was dragged down by the normally sluggish Easter weekend, it hovered around the doomsday 40 per cent mark, which would signal a crash.

“Anything under 40 per cent and things are looking pretty scary,” said Louis…[Read more]

BBruham said:

“Bad debt,Cars,stereos,credit cards, etc. And of cause the worst kind- women.
Dump the girlfriend,sell the car, cash to the credit cards.”

hehe, BBruham- that has to be the funniest thing i have heard for a long time- this is 2004, BB- not 1957. I do hope VIP (if he exists) HAS a gf- women are in a pretty good financial position…[Read more]

Can anyone do the numbers for Sarah on how many IP’s at say 50k a pop ($100 rent a week) she would need to get a passive income of 100k in 8 years? My mind isn’t working this evening

kay henry

Jeff, seeing your nick is “Ibuycashflow”, then I thik you already know what you want to do. Obviously though, you’re going to want to buy more properties soon- even if you don’t sell, unless you’re happy to live on 20k per year. [thumbsdownanim

kay henry

What should we do, WallFlower?? [eh]

kay henry

Actually Acey, I worked through all my degrees- except the first, which I got special leave to finish in 2 years – NOT that it’s any of your business, but your suggestion of me sitting around doing nothing is offensive.

kay henry