Thanks Risky :o)

My IP’d never get near CF+ anyhoo- I just take what I can get if i find a good place I always think “investment” meaning one has to sew to reap.

Risky, are purchasers satisfied with a low deposit from you? I always figure if someone puts in 10% they’re more unlikely to get cold feet and to move ahead with their commitments. If…[Read more]

Jarmbie, I think it’s quite usual for there to be offer and acceptance but no contract signed. Often, inspections are done before a contract is signed now, and sometimes, because this time is given to the purchaser *before* signing a contract, the solicitor will ask you to waive the cooling off period once signed. So take your time and do what you…[Read more]

A truthful awakening, of course, Bear!

kay henry

Well, young people need to rent too, Apples, and we were young once too- remember? :o)

Apples- for 80k in a town with a uni and shopping centres etc, it might be a decent deal.

hmmm- now lemme think… if it is wagga you’re thinking of, I have some local knowledge of the area. There are some streets you might not want to buy in. If it ain’t…[Read more]

Mini- wow, you’ve hit the nail on the head!

For me, it’s:

‘Steve didn’t pick me for the MAP, so I hate them all’

‘What makes them think that they’re better than us?’

‘I don’t think it’s possible, because i haven’t managed to do it. So I want them to fail, to validate my own failure’

‘I haven’t been able to find a CF+ve property, and it’s…[Read more]

Risky said:

“if you work on Steves 11 sec rule it would have to be rented at $144.00 pw working on a 10% deposit at 6% however your repayments would be around the $115.00 pw p&i or $90.00pw interest only loan .”

Risky, I am gonna take a risk myself here and question your rental income needed to make it CF+. Basically, I just look at he purchase…[Read more]

Yeah Apples…

Ask them the size of the unit, if it has an internal laundry, if it is a flood-prone area, the age of the block, how long the unit has been on the market, the size of the town (you might need more than a 10% deposit if it is a town under 10,000 people), if the unit has a parking space, if the unit has floorboards under the carpet…[Read more]

yeah, they’re probably charging too much for rent. Some people need a big reality check. People who want to charge $350 for a 1-bed place in the cities might realise that most of the people who can afford that rent can probably also afford to buy their own PPOR.

Student markets in cities are the potential, but those kind of rents only apply to…[Read more]

Apples…

Depends on where the unit is. For that price, I’d say regional or country town.

To make it CF+, you’d probably be looking at upwards of $160 rent, but if the market rent is $95 for the unit, that’s what you’ll be getting :o)) Ask the RE’s in the area what the rental market is, or look it up on the internet.

If the place is opposite a…[Read more]

MarkyMark said:

“I’m not trying to rain on the parade and I don’t think that I am being negative.”

Your perspectives are welcome here, MM- don’t apologise for them- I personally don’t think you’re being negative :o) Others might, but really you’re entitled to your (well thought out, in this case) ideas. I also doubt if many people on here w…[Read more]

Richmond,

This is- we’re always being told to buy more and more property… because one just can;t have the dream by owning 1 or 2 IP’s… so whilst a contingency plan (or exit plan) is one thing, most of us will probably want to keep buying regularly to build a portfolio. I remember a while ago, my ex said to me she wanted to buy 1 property per…[Read more]

Now if I were Steve, I would have offloaded dome of my spare properties onto the MAP people. It would be very “win/win”. The MAP people would get to control the properties, and Steve would get the money.

But as you all know, I’m not Steve But think about it- it’s quite a strategy. You get a captive audience in the MAP people, all looking up to…[Read more]

richmond, re interest rates… my mortgage went up by about $50 a week when IR’s went up by 1%- that’s quite a hike in repayments, I reckon. That extra money comes out of my wage. To me, it doesn’t matter what rates were historically, it’s 2004, and I live in the present. No doubt in the Depression or in some cultures if high inflation, rates have…[Read more]

.

kay henry

This exact topic was posted a few weeks ago- check the archives.

kay henry

Well, seems it started about *being* a millioniare… then the focus changed to “controlling” 1 million bucks worth of property, which, as another forum member said so eloquently once, would be investing in 2 sydney properties.

I think the question is how much equity people in the MAP program end up having. That’s reallt the meausre of wealth.

kay henry

Mini,

I get the feeling that the current affairs shows don’t really want to sit down with joe blow and hear his/her ideas on why it’s good to invest in RE- I am not quite sure where the “story” is in that.

Mini- ring them up and tell them your own tale of CG and CF+ and they’ll probably be interested. But general discussions on why we might put…[Read more]

I mentioned my accountant’s name on this thread too- should I delete?

Honestly, sis- calm down. I thought this forum was about *sharing* knowledge. What on earth do you have to hide?

kay henry

wow, obviously hit a nerve there, PG! Well, I thought it was funny anyhoo :o) Thanks for the example

kay henry

no PG- my accountant’s name is brian rees- and i think he’s great :o) He has a big long ponytail and looks like a biker- made me feel totally at ease the first time i met him- finances are not the only thing in my life- i also need to like and respect the people i’m dealing with :o) My formula is “ability + relationship”. If one of the two isn’t…[Read more]