Total Members: 148,385

L.A Aussie

  • hbbehrendorff wrote:

    doubledown trent wrote:
    I don't want to be the grammar police here, but….If you don't know the difference between LOOSE and LOSE,If you don't know the difference between THEIR and THERE,and you don't know how to use an apostrophe correctly, why would we trust any of your ironclad predictions on the economy??

    I'm sorry…[Read more]

  • If you are investing for cashflow, then yes.If you are investing for cap growth – no-one knows. Look at the area; infrastructure, employment opportunities, amenities etc.

  • Renovating and then selling "within a few months" has a few drawbacks:1. At the moment, unless you can buy a FHOB category house for well under market value (good luck with that) you may be in danger of buying, renovating and owning a property that has not gone up in value as much as the cost of the renos. The markets are very flat in many areas…[Read more]

  • L.A Aussie wrote:

    gezzy wrote:

    L.A Aussie wrote:
    The other "con" is that you have no equity with 100% loans, and if something goes wrong at the start and you need to sell, you may have to sell at a significant loss.

    This wouldn't be the case though if you were lucky enough to purchase a property at a bargain price, well below market value,…[Read more]

  • gezzy wrote:

    L.A Aussie wrote:
    The other "con" is that you have no equity with 100% loans, and if something goes wrong at the start and you need to sell, you may have to sell at a significant loss.

    This wouldn't be the case though if you were lucky enough to purchase a property at a bargain price, well below market value, would it?Thanks for…[Read more]

  • Rhys_Roberts wrote:
    House prices tipped to jump sharply in the next three years Monday 15 June 2009 11:45 Patrick Stafford Print Housing prices could increase by up to 22% during the next three years, according to a new survey, while the weekend's auction results…[Read more]

  • FinSpec wrote:
    I'm over the whole "my car is flashier than yours" – so I ride a scooter now and pass all the Mercs & Porches on the way into the office while they're sitting still in traffic :)

    Even better;We gave up the commute. Years ago.

  • gezzy wrote:
    Hello All,I am really eager to get into the investment property game and purchase an investment property while interest rates are still low, but saving up for a deposit seems to be taking forever (I know Steve McKnight recommends saving 20% as a deposit to avoid LMI etc) so I was just wondering if there was anybody out there who…[Read more]

  • Terryw wrote:
    You are assuming Spud had kids while on the pension.What should he do if he kids came first and the pension second? Adopt a few kids out ???And what is a solicitor loan? They don't exist!

    True;  I did assume he had kids while being able-bodied and working.I still think having 5 kids in this day and age is impractical unless you…[Read more]

  • Update;we still own the 1998 Musso and the 2000 Hyundai Accent.getting closer to buying something newer, but these two are still running well.Tough one; new(er) car(s), or new investment??Our mindset is the R.K one; use the pos cashflow from the ivestment to fund the doodad. Our cars would be tax deductible these days as we have a business now,…[Read more]

  • Terryw wrote:

    Rhys_Roberts wrote:
    Off topic and an arguably offensive comment but I just can't help myself…If you are on a pension and can only afford a house worth 110K and only have 50k then…WHY DO YOU HAVE FIVE KIDS?????????????!!!!!!!!!!!!!!!!!

    RhysAre you implying that anyone on a pension shoudn't have kids?

    I must admit – I had the…[Read more]

  • Tony B wrote:
    Its not  "how many you have "  Its "how many you own ". I know many young & not so young people that spout they have several investment proterties. Having more then 1 property is not a sign or indicater of smart investing or wealth. As mentioned in Crashy post  "There is only one number that matters……..how long can I survive wh…[Read more]

  • Tony B wrote:
    Its not  "how many you have "  Its "how many you own ". I know many young & not so young people that spout they have several investment proterties. Having more then 1 property is not a sign or indicater of smart investing or wealth. As mentioned in Crashy post  "There is only one number that matters……..how long can I survive wh…[Read more]

  • It depends where your financial position is, and what you are invested in, and what your level of experience and education is.Warren Buffet only invests in businesses. Some of these businesses have shares though, and he also owns a very successful stock fund. But the stock market crash of late is of little concern to him really, as his businesses…[Read more]

  • crashy wrote:
    I agree that there are those who walk the walk and those who only talk the talk. you have to admire those who have built a large portfolio and dont mind sharing how they did it.making money is easy. keeping it is the hard part.I talked to a guy who had $3m worth of property leading into the early 90's recession.  he explained how…[Read more]

  • crashy wrote:
    I agree that there are those who walk the walk and those who only talk the talk. you have to admire those who have built a large portfolio and dont mind sharing how they did it.making money is easy. keeping it is the hard part.I talked to a guy who had $3m worth of property leading into the early 90's recession.  he explained how…[Read more]

  • There is no income or tax advantages from raw land.The holding costs are all directly out of your pocket.You would be better off to buy a similarly priced block (or slightly more expensive) with an older house on it, which may be needing a bit of a spruce up, which you could do much of yourself if you have the inclination, and then rent it out and…[Read more]

  • harb wrote:

    ummester wrote:
    Harb, where have you been?

    Looking at buying some more houses , where else ? Thanks to that stupid FHOG increase one of my offers got knocked back  and the place sold to a FHB for full asking price.I recon there is sweet FA we can do about it now, it is a natural cycle, like property devaluations:)Yep , been…[Read more]

  • harb wrote:
    Where is the latest cut taking us back to, 5 years ago ? Wait another month and it 'll be back to 7 years ago.How is your landlord doing, could you say hello from me and ask him if he wouldn't mind passing that rate cut to you so your rent go back to what you were paying 5 years ago. I'm sure he'll agree to it.

    Quote:
    So I'm…[Read more]

  • foundation wrote:
    I'm not an investing expert. But to ignore the jibes and answer the question, it's because they're pretty. And shiny. And heavy. But mostly pretty. And because they are a store of real value, of real wealth (as they are the product of effort+energy and scarce) whereas paper money is intrinsically worthless. So my aim is to over…[Read more]

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