G’day Jake,

Im in SA as well Im 26 and recently bought my first IP (6 months ago)…

At the moment im cashing up to buy my 2nd IP in approximately a years time while keeping my finger on the property market pulse….

All i can say is you’re very lucky to have a mentor/s to assist you! Im still looking

Welcome to the forum and good luck…[Read more]

Byronent,

Would you mind if giving me the details of your accountant?

I’ve yet to find one in Adelaide that i have felt comfortable with, let alone knows about property investment.

Cheers

kinks

In theory, there is no difference between practice and theory, in practice, there is….

Originally posted by Jaradnkaren:
Is there a simple formula for calculating whether a property is positively geared?

We are looking at a property for $90000 with a weekly rental of $135.00, which is apparently a very good return but without putting down a $30,000 deposit the income isn’t more than expenses.

How is it possible to get a positively…[Read more]

Originally posted by geo:
I agree with Bear in regards to NZ having good returns and yields and capital growth.

“If You never never ask, you’ll never never know”

Hi geo and bear,

So, what do we need to know in regards to investing in NZ? [blush2]

Cheers

In theory, there is no difference between practice and theory, in practice, there is….

Originally posted by geo:
thanks Hux – got it and replied

waiting for ur reply 2morrow kinks

Kind Regards,
George.

“If You never never ask, you’ll never never know”

Sorry geo,

It was a hectic weekend for me (house warming) and I totally forgot about treplying to this thread. Unfortunetly the date of the seminar falls on the date as a holiday…[Read more]

yep, I’ll be chatting to my other half tonight to see if she would like to go as well, so will post back tomorrow if thats cool..

In theory, there is no difference between practice and theory, in practice, there is….

Originally posted by geo:
hehehe…that’s for the 3 day seminar. we’re going only to a 3hir presentation by himfor under 100 dollars – the Melbourne one that is.

“If You never never ask, you’ll never never know”

when is the cut off date to book geo? or can you send through a link for the details?

cheers

In theory, there is no difference…[Read more]

I was keen to see Kiyosaki until I realised the price of the seminar…I’m pretty sure it was around US$4500 I read somewhere…correct me if I’m wrong as I would really like to see him…

In the case it is that price, please take notes for us [laughing] I like mine typed! [lmao]

cheers

In theory, there is no difference between practice and…[Read more]

yea, my girlfriend had a similar dilemma when purchasing a car, as in they needed a bank cheque…

but to the banks defence, security is a big thing for them, especially in this day and age…but you do get the odd bank teller are pretty anul on a powertrip…

oh well, as long as the deal went through in the end [biggrin]

In theory, there is no…[Read more]

But trust me im still working on things here as im finding so many properties that meet the 11 sec rule, that I have actually stopped looking for a while, and working on a solution. May even have to get RE license but that takes about 2 years.

Regards Bear

hey Bear,

I’m from Adelaide and just starting out. [cap] Are the properties that meet…[Read more]

Originally posted by high flyer:
To finance to $100K pa life style, all you have to do is to make sure that the rental income in the last 10yrs had at least increased by $7000pa (assuming interest rate is 7%).

hey highflyer,

is it reasonable to assume $7000 increase in rent per year? It seems to be a steep increase, as say for a property…[Read more]

Originally posted by Bevo:
You need the equivalent of 4 houses.
Ane to live in:
Two to generate income:
Last one to pay tax on the other two; that is, all up – 3 renters.

P.Bevan

Hey Bevo, could you give a bit more detail on how to get from nothing to having 4 properties paid off (i’m assuming they’re paid off), that can generate 100K per year…[Read more]

Originally posted by kay henry:
kinks :o) It’s good to be realistic. I saw someone on here yesterday who says he/she has 2 IP’s but will be retiring next year! Well, that’s all good if you wanna retire on like $10 a week

Let us know how you go, kinks. I guess you can buy that much worth of property if you have a high enough income. Maybe you…[Read more]

As steve irwin would say “Crikey!”

I didn’t think I’d have to purchase that amount of properties, but at least I know how to work out where I stand in regards to the plan. Thanks guys, really appreciate it! [biggrin]

Will let you know how I go [goatee]

In theory, there is no difference between practice and theory, in practice, there is….

Originally posted by yack:
Dont worry about tomorrows dollars. Think in todays dollars. How many dollars of assets in todays dollars do you need to get $100k in todays dollars.

Then try and get that number of assets over a period that you can achieve.

ok, thanks yack.

I’m looking at CF+ properties under 100K, returning 10 to 15% and would…[Read more]