[kinkso0o0oMember@kinkso0o0oJoin Date: 2004Post Count: 61]

January 7, 2005 - 3:09 am

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 mate!

Cheers,

Damon

P.S. Is there a PI group in Adelaide at all?

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

[kinkso0o0oMember@kinkso0o0oJoin Date: 2004Post Count: 61]

December 31, 2004 - 3:10 am

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….

[kinkso0o0oMember@kinkso0o0oJoin Date: 2004Post Count: 61]

April 21, 2004 - 4:04 am

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 geared property using only equity (which means that you are still borrowing the full amount)?

Any suggestions or comments would be greatly appreciated.

Hi Jaredandkaren (which one is posting [biggrin])

Welcome to the forums!

I’m not expert by any means (I’m new too), but steve’s quick method is to divide the price of the property by 1000 and then multiply by 2 to get the required rent.

so for the property you are looking at you would require of $180 to be cf+. However you need to take into account other factors, such as location and other benefits the property might have.

Hope this helps..[biggrin]

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

[kinkso0o0oMember@kinkso0o0oJoin Date: 2004Post Count: 61]

April 19, 2004 - 3:23 am

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….

[kinkso0o0oMember@kinkso0o0oJoin Date: 2004Post Count: 61]

April 19, 2004 - 3:18 am

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 in qld we have planned…

Have fun anyways!

cheers

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

[kinkso0o0oMember@kinkso0o0oJoin Date: 2004Post Count: 61]

April 16, 2004 - 6:17 am

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….

[kinkso0o0oMember@kinkso0o0oJoin Date: 2004Post Count: 61]

April 16, 2004 - 4:44 am

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 between practice and theory, in practice, there is….

[kinkso0o0oMember@kinkso0o0oJoin Date: 2004Post Count: 61]

April 16, 2004 - 3:29 am

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 theory, in practice, there is….

[kinkso0o0oMember@kinkso0o0oJoin Date: 2004Post Count: 61]

April 16, 2004 - 3:13 am

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 difference between practice and theory, in practice, there is….

[kinkso0o0oMember@kinkso0o0oJoin Date: 2004Post Count: 61]

April 16, 2004 - 2:21 am

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 the 11 sec rule, you are looking at in the Adelaide metro area? I have seen quite a few in SA, however not around adelaide.

cheers

kinks

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

[kinkso0o0oMember@kinkso0o0oJoin Date: 2004Post Count: 61]

April 14, 2004 - 7:44 am

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 renting out at $195/week and to then increase the rent by $7000 for next year the rent would have to jump from $195 to $340??? Correct me if I am wrong please [cap]

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

[kinkso0o0oMember@kinkso0o0oJoin Date: 2004Post Count: 61]

April 14, 2004 - 6:01 am

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 passive income?

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

[kinkso0o0oMember@kinkso0o0oJoin Date: 2004Post Count: 61]

April 14, 2004 - 5:56 am

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 could halve the desired income for retirement from 100k to 50k and then you can halve the amount of IP’s you need to achieve it :o)) After all, 50k will probably still give you some sort of quasi-decent life.

kay henry

My income is reasonable, around the 60K mark…but, yea, its not realistic to think that I’ll be able to achieve retirement on 100K in 10 years, but 50K in 10 is do-able…. I’ll only be 36 as well, so if I want more, I just keep working a few more years [biggrin]….

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

[kinkso0o0oMember@kinkso0o0oJoin Date: 2004Post Count: 61]

April 14, 2004 - 4:33 am

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….

[kinkso0o0oMember@kinkso0o0oJoin Date: 2004Post Count: 61]

April 14, 2004 - 3:44 am

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 like to retire in 10 years (age 36) if possible. Could you give me a rough estimate on how many properties I would need to do this considering I would like 100K/year to retire on?

Sorry for the noobie questions [blush2]

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