1HotValuer [hmm]

kay henry

Pisces,

Not sure what you mean about using your home to make money. Are you saying that you might make your home an IP and then rent instead of living in your PPOR? Are you saying to make a part of your home an office and rent that out or claim it as a tax deduction?

Please explain? [blush2]

kay henry

This is name-calling, Acey. You said:

“Kay, no chips on shoulders please.”

However, if you don’t see it as such, Acey, then we do have very different ways of seeing the world. Anyway, I think I’ve made my point.

kay henry

Acey Mate,

Please don’t name-call. Suggesting I have a chip on my shoulder (presumably that means I am somehow jealous of other people???) is provocative and unnecessary. You may think what you will, but I’d rather, if you choose to put me down in whatever way you need to, that you might PM me the message. I am sure others are not interested in…[Read more]

I guess I am looking at the average person who was not born into wealth.

Also, I suggested not ONLY working, but working AND investing.

Acey- that quote:

“it’s a truth that of the 95% of working Australians fewer than 10% will retire wealthy & well over 60% will retire destitute & reliant on the pension.” Dear oh Dear, Acey.. that quote is in…[Read more]

I agree with geo that the safest and easiest way to make money is to have a full-time permanent job. If something goes wrong with that job, then get another full-time permanent job. Then you can invest knowing that if something goes wrong, you have your income to fall back on, and the financial pain will be bearable.

I refer to the above because…[Read more]

Sorry Misty- it’s me again! [blush2]

I just wanted to make a quick comment. RE’s don’t do “valuations”- they do “market appraisals”, which really has no validity. Often RE’s will overvalue your IP so that you might sell with them, although this practice is being more regulated now, and the RE can get in trouble if they give you an overvaluation…[Read more]

Ethan,

Your situation isn’t *too* bad :o) Don’t let others patronise you. I see you are in sydney. Given that you have possibly 13k in “savings” of cars, plus you can get the 7k first home owners grant on a home purchase (not an investment purchase), that’s 20k you have available to you. Unfortunately, you’ll probably need 50k to get a 20%…[Read more]

Misty,

If the current property you’ve bought has been bank valued recently, then the bank probably won’t do another val on it. It depends on how much you want to borrow for your next place. If your LVR is low enough, then you shouldn’t have to worry. In my experience, bank valuations are never usually higher than the property is worth, so perhaps…[Read more]

Misty,

The Reserve Bank meets every month, so theoretically they could rise every month. Then again, theoretically, they call fall every month [cap] They’ree meeting again this or next wek (can’t remember when) and from what I’ve read (in the weekend Australian Financial Review), the RB is unlikely to raise rates this month, but there *may* be a…[Read more]

Good on you Mini! Congrats on 1000 posts and 4 properties! And congratulations on your new avatar- cute I am seriously goiung to go on an avatar campaign where I nag everyone to get an avatar until they get one to get rid of me

Seriously, Mini- your posts are always enjoyable, and it doesn’t matter on here whether people agree or disagree with…[Read more]

Russ,

Mostly, I treat the things people say on this board theoretically. So I look at what the question is, and then I see if I have any knowledge of the area. People say all kinds of things on message boards. I could say I was looking at a $1.4 million dollar mansion on the harbour. Whether I actually buy that mansion on the harbour is another…[Read more]

Q: What’s the definition of greedy?

A: Someone who has done whatI have done, but I’m not greedy- they are.

Q: What’s the definition of stupid?

A: Someone who has done what I might have done, but I got away with it- by luck. They are stupid, but I’m not.

Q: What’s the definition of someone moral, wonderful and generous?

A: Me, of…[Read more]

That’s sad that you feel this way, Russ:

“do not be put down or put off by the disbelievers.Believe me they are everywhere.
Someone saying you cant do this you cant do that.
They just dont like the fact that you are actually doing SOMETHING.”

I think on this Board, everyone is doing SOMETHING- that’s why we’re here, right? Because we’re…[Read more]

dismith,

Call me short-sighted, but I cannot see any pouncing going on here. Monopoly asked what people would do, and people responded with their thoughts. Presumably, Monopoly wanted to hear people’s different viewpoints. I think the point of this board is to engender interest in all aspects of RE, and Monopoly’s post has attracted a lot of…[Read more]

Michelle,

I am not so much into the traditional thing of “only invest with your husband” kind of approach. Marriages can come just as unstuck as investing with your friends. Perhaps, given that they have a less financially stable situation to your own, you might want to structure things so that you have a greater share in the house.

As far as…[Read more]

Hotrod,

I agree that there will always be tax changes. There has been the 2.5% exit tax in NSW. Some people panicked about it. I just see it as everything changing. If one expects to invest for 60 years and not have any tax changes, then I think they need to be a little more flexible and open to change.

When I first started investing, I was on a…[Read more]

No, not at all, Russ. I agree that someone looking for JV’s is probably not a charlatan- I didn’t mean to imply such a thing. Re people being burnt, well, I have never been burnt financially, so I was not being personal about it.

Trust is a good thing, indeed. But I think you’d agree that money is incredibly important, and for those who don’t…[Read more]

hehe Acey… :+P

In fact, I DO have goals, I suppose if one could call them that. I seek to be happy etc. I guess I could write it down, then every so ofen, I could change the font, shadow it, and stuff. Perhaps I’ll do that on a very slow day

Acey, this is a discussion forum. People have differing perspectives. Look at every topic and you’ll…[Read more]

Bruce,

Thanks for your reply I am not sure what other people’s politics are really, unless they declare them. As for me, I do enjoy discussion on a variey of topics, real estate investment being merely one of them. I know that I am not an “intellectual elite” and nor are my firends and family, but we do have discussions on the things you’ve…[Read more]