[kokjhoonwongMember@kokjhoonwongJoin Date: 2005Post Count: 23]

March 15, 2010 - 12:50 pm

Hi Ryan, your website looks cool and I am interested. Just wondering whether you also include factoring in the vacancy and additional information such as nearby large development. As I noticed that sometimes, positive cash flow properties are found in areas that are dying and vacancy is really high especially in the rural area.

[kokjhoonwongMember@kokjhoonwongJoin Date: 2005Post Count: 23]

July 18, 2008 - 8:08 am

thanks for your help. And the rest of you who has view this. Think harder before using CBA in the future.

[kokjhoonwongMember@kokjhoonwongJoin Date: 2005Post Count: 23]

July 15, 2008 - 5:52 am

Dear Matt and Richard,

Thanks for your help. Has anyone successfully sue the bank before for something like this?

Cheers.

[kokjhoonwongMember@kokjhoonwongJoin Date: 2005Post Count: 23]

July 15, 2008 - 5:29 am

Hi Matt,

I suspect that is the case. Being a broker yourself, do you feel that the Big 4 has a lot to answer for?

I feel that the settlement process requires improvement and does not seem that anyone is accountable. I assume that there are no regulators that has the balls to go up against the big 4.

[kokjhoonwongMember@kokjhoonwongJoin Date: 2005Post Count: 23]

December 15, 2007 - 4:58 am

Dear ShanShan,

That is a good question. There are too many companies to choose from and there are mostly just an offshoot of the selling department.

I suggest you find a company that is created by Investors to look after investors. Adprop is created by Xenia and her business partner. Her contact is [email protected]. Mention my name. I lived in Adelaide for along time and there is just no one and I mean no one will look after you better than Xenia and her team. Their focus is property management not selling. They can teach you how to get more rent, create value to your property and then not screw you around like many agents/people I know, it is worth every penny.

[kokjhoonwongMember@kokjhoonwongJoin Date: 2005Post Count: 23]

December 4, 2007 - 8:58 am

Good news Yossarian. Finally, cheaper house price on the way. I suggest to you all save up to pick up some bargains.

[kokjhoonwongMember@kokjhoonwongJoin Date: 2005Post Count: 23]

December 1, 2007 - 1:37 am

Hi All.

It is definitely a great subject. When it comes to investing strategies, there is no one way. What I have learnt is our perception of risk and how much of it we think we can take on. There are countless books to read and research. Depending who you read and likes is the one that you are most likely to side on. Robert Kiyosaki, Peter Span, Margaret Lomas, Warren Buffet are all great skilled people who have cut out a niche that they are good at and went forward to achieve great wealth.

I am by all means financial free yet. However, I think to help those who are not sure yet whether properties or share is the way to create wealth, we simply need to change our mind set. Mind set does not mean just about investing, it is about how we live our lives as a whole. For example, My fiance and I have a plan with investing and formulating strategies to become financial free in five years time. We have a wedding next year that cost <$10k. Speaking to some of our work colleagues, their wedding cost have been >$20k-100k. We are back packing in our honey moon whereas others are living in the best hotels in the most expensive city. They call it once in the life time opportunity. I guess that different people have different objective as we believe once we are financial free, all the options suddenly open to us for the rest of our lives ahead. We will be more confident not having to rely on those less than optimal bosses in a job.

My advice to those starting out, is to find an area that you think you will be good at. Then concentrate on it. I know a couple, who did everything they can to be successful in properties. There are plenty of money to be made when we are more creative.

[kokjhoonwongMember@kokjhoonwongJoin Date: 2005Post Count: 23]

November 30, 2007 - 5:58 am

Hi Guys. I too have considered Destiny. I think her branch is pretty good.

Just wondering whether anyone have a contact for a investor group in Sydney CBD. Would love to do more regular meetings with like mind people.

[kokjhoonwongMember@kokjhoonwongJoin Date: 2005Post Count: 23]

November 30, 2007 - 5:43 am

It is sometimes OK to hold a negatively geared property. If we do our homework right there may be other factors at play that may give you good capital growth ie. nearby development such as what is happening in Port Adelaide or a mining town boom nearby. There are lots of experts who do not believe in selling as they like drawing the equity down. The purchase power is from what they believe is larger there than selling and possibly get capital gain tax. I guess it is what you prefer and how you want to manage your risk. I personally do not like selling but there come a time where there is a need eg. mining boom is coming to an end or reshuffling of properties to gain a better return. Margaret Lomas got this down to an art. It is definitely worthwhile reading her books.

[kokjhoonwongMember@kokjhoonwongJoin Date: 2005Post Count: 23]

November 30, 2007 - 5:37 am

LOC is really good if you want to quickly draw down to purchase a good deal. I have done it twice now and it is really working for me. But the danger with LOC is that you start losing track on what you purchase it for. But I do know that Suncorp has something similar to LOC but does it differently. It is worthwhile to talk to a representative.

[kokjhoonwongMember@kokjhoonwongJoin Date: 2005Post Count: 23]

November 28, 2007 - 9:32 am

!

[kokjhoonwongMember@kokjhoonwongJoin Date: 2005Post Count: 23]

November 28, 2007 - 9:19 am

Nice to see that you are back Xenia.

[kokjhoonwongMember@kokjhoonwongJoin Date: 2005Post Count: 23]

November 28, 2007 - 9:13 am

?

[kokjhoonwongMember@kokjhoonwongJoin Date: 2005Post Count: 23]

November 28, 2007 - 9:03 am

Hi Wezwaz. Not that interested to tell you why. I can tell you tell we will make more money in properties if Liberal is in power.

Reading j

[kokjhoonwongMember@kokjhoonwongJoin Date: 2005Post Count: 23]

November 27, 2007 - 1:49 pm

Hi Wezwas. Labor did not advertise to lower IR. The Reserve Bank is an independent party that controls IR based on numerous internal and international factors. This is the irony of the whole thing: Liberal promoted IR being all time high when Labor was in power. They accused them of mismanagement. But when there were 6 IR rise since Liberal was in power, they quickly claimed that it is oil price, drought etc etc. Hmm. I rest my case. OK I voted for Liberal but you will be shocked to know why I did it. So I am not telling.

Very often that speculators are wrong especially a financial planner who I grilled the other day. When a guy like (R. Kiyosaki) who is worth so much and stand besides some of the best, I think we should at least listen.

Being in this website means to share how we can help each other win. Any real Investors out there who knows what is the best plan to win with the change of govt. Would love to hear your plans and predictions.  

[kokjhoonwongMember@kokjhoonwongJoin Date: 2005Post Count: 23]

November 27, 2007 - 1:07 pm

Wezwas, you will be waiting for a while if you want interest rate to get <5%. Oh by the way, I am sure there are plenty of rental properties around…. Want to move to Port Augusta? You can rent mine once the next tenant moves out, while you wait. Oh try Roxby Downs I am sure you will enjoy the endless view there, while you rent

[kokjhoonwongMember@kokjhoonwongJoin Date: 2005Post Count: 23]

November 27, 2007 - 1:00 pm

Do not mean to offend anyone but only Yossarian has a clue about what it happening. His honesty has my fullest respect. And the rest of you, for God sake please read “Robert Kiyosaki” latest book on the global prediction and read the financial review. 

The question is, did we vote for the party that will make us rich quicker or slower? Or the one that makes the Interest rate (IR) takes too long to get to the level that allows Investors pick up cheaper properties. If you are worry about IR rise in the future, you are not thinking like an Investor. If you are forced to sell your properties because of the IR increases, you need to read more Investing books, rather than whinging. The days of 17% IR in the 80’s made lots of smart investors richer.  

If you are losing your job or get paid less because of either Workchoice or Union driven workforce, Good!!! That is for thinking that your job is your greatest security. The reason why we are in this website and reading lots of books like R.Kiyosaki is to realise relying only your job is the greatest mistake that 90% of the population makes. For those who pumped more money into your super recently because the ex Gov’s promises, I am sorry to hear that. It will take me too long to explain.

In summary, who cares who is elected to power. Find ways to get yourselves financially free rather than waiting for the government to help you with housing affordability etc etc. Think about it: housing affordability can increase by increasing the availability of land/new houses near/in your investment properties till there is an oversupply. Your tenants will then move out of your IP  and buy those cheaper houses next door. You lose your rental income and then also the value of your house decrease. Can you imagine everybody in Australia get to live their “Australian dream” and no one rents at all? Catch my drift? This website will close down. 

“I am sorry” if anyone is offended, “But I am not apologizing”

[kokjhoonwongMember@kokjhoonwongJoin Date: 2005Post Count: 23]

November 3, 2007 - 1:25 am

I agree with you HGwells. Many people think that the world revolve around them. Hardwork, research etc  are the only way forward. I too have found +ve cash flow properties recently at >10%. Capital growth >15-24%. I brought one and wait to build up some cash to buy more. Wish those pay checks come earlier. Refinanced recently. I have 3 so far and I am excited that no many people know about this boom town yet. I look at 100+ properties a week and created a calculation sheet using excel. There are so many tools out there to use as well to support my findings.

Cheers.

[kokjhoonwongMember@kokjhoonwongJoin Date: 2005Post Count: 23]

September 5, 2007 - 3:06 am

thanks for your thoughts.Terry you are right about the depreciating bit. To my surprise the house price in this area either in the caravan park or normal suburb are increasing. There is capital growth as I mentioned which is quite cute. Depreciation of the actual house is expected, whether on paper or reality. It is very likely that I will hold this for only for a few years when the price get to a certain amount. But in the mean time, it has been difficult to find yield like this Australia.

Hi Charlie, if you can direct me to a few of these lenders would be fantastic. I may not need to collateralise my the other two properties which is my initial aim anyway.

[kokjhoonwongMember@kokjhoonwongJoin Date: 2005Post Count: 23]

September 4, 2007 - 11:24 am

Hi. It looks like you got lots of cash to invest. I suggest that you put it in a properties that has withstand the weather. I am renting an apartment in Five Dock at the moment. They are asking for $750 for a 2 bedrooms. What the buyers are not aware of is the foundation in the underground carpark is cracking and water are leaking everywhere is winter. The building is also cracking. This building is less than 3 years old. Just a warning for anyone thinks that buying apartment of the plan.