[FireflyParticipant@kizJoin Date: 2004Post Count: 30]

November 15, 2007 - 3:40 am

I am no expert but it would say it really depends on your reasons for buying. Are you buying as an investment to rent out or as a PPOR to live in yourself. If it is a PPOR it comes down to personal preference and what you can afford. If it is an investment property, you should really compare prices of similar sized apartments and the rents of both. Townhouses are usually still strata titled so you still have to pay strata fees and still have to comply with strata laws.  In my experience, townhouses seem to fetch a higher price however whether or not their capital growth is any better than that of a unit in the block right next door, i couldn't say.

I really think you have to look at the overall return you would get and the fees you would have to pay on a quaterly basis. Good Luck

[FireflyParticipant@kizJoin Date: 2004Post Count: 30]

February 15, 2005 - 5:22 am

Hi. I have one RIP and am in the same boat, i’m starting to look at Commercial and industrial as the returns seem to be more secure and better overall. However, on approaching my current lender, they wanted 100% security on a business loan… YES you read correctly… 100%!! I explained to them that i would not be running the business just buying the building and they INSISTED it didn’t matter and i would require 100% security! So my question is, who are the lenders who are lending 80%? I will definately be going to see them soon! Thanks

[FireflyParticipant@kizJoin Date: 2004Post Count: 30]

December 21, 2004 - 7:56 am

Just out of curiousity…..

Please don’t take this the wrong way but i’m just curious….

Why do people who don’t think it’s possible to achieve such big goals bother to become members of a website such as this? It’s just that i have 110% faith in the fact than everything that Steve and Dave achieved can be replicated… with the right amount of hard work, sweat, determination, guidance, knowledge and experience. I come to this site for ideas, advice, motivation and support. There’s absolutely nothing wrong with questioning people’s methods and ideas but if i wanted to hear negative tones in people’s attitudes, i’d go and speak to friends and family!! [biggrin] Yep, most of you will know that they’re the first ones to have a dig at such big goals and aspirations!

As i said, just curious because most people come here to meet and chat with like-minded people, not people that don’t think it can be done!!

“There’s no such thing as TRIED, just DID or DIDN’T!”

[FireflyParticipant@kizJoin Date: 2004Post Count: 30]

December 19, 2004 - 2:59 pm

I saw the show AND i went to the most recent seminar….

To all the sceptics i say, ‘put your money where your mouth is, read the books and go to the seminars’. Who really cares how much money THEY are making? What is important is that they’re out there, they’re having a go and achieving some amazing rewards. I have now spoken to and emailed many of the mappers and EVERY one of them has replied to me or taken the time to speak to me.(THANKS A MILLION GUYS!) What this has done for my confidence, motivation and determination is in itself, pricelss. Please give credit where credit is due, and that is to Steve, Dave and ALL the mappers. So to finish, maybe we should stop worrying so much about what THEY made and focus on where we, ourselves, are headed.

Food for thought?! [whistle]

“There’s no such thing as tried…. just DID or DIDN’T!”

[FireflyParticipant@kizJoin Date: 2004Post Count: 30]

December 15, 2004 - 10:47 am

Thanks all for the responses! Today i managed to get out of the deal that required mortgage insurance, turns out the exchange hadn’t happened yet and i got a get out of jail free card! BIG lesson learned there. As for the CGT, i am only renting at the moment so look forward to receiving 100% profits, very happy indeedy! Thanks