yep,I have met these sorts of people; not many luckily. Can't see the forest for the trees. Waddya do?

devo76 wrote:
I will start by saying each to there own. But some people are just tight . They get so caught up in the money making cycle they forget to live.Im all for saving and watching your spending but some people live on baked beans,drive crappy old cars,never go on holidays and where crappy clothes all there life. FOR WHAT. So they can…[Read more]

JONCHU wrote:
The selling agent rang me yesterday saying there is another party interested in the property. Also, the cool thing is that I always have an exit strategy when I buy, for this property is to get a tenant in and it will be cash flow neutral. This property has also development potential (950 sqm) with rear lane access, etc.   It is…[Read more]

If you knew the guy was going to cut down the tree after you sold it to him, and he didn't make a demand for it to be removed before the sale, would you still sell it to him?The other concern though, is that say he signs the contract based on you agreeing to remove the tree, then reneges on the deal, now you still have the house and no tree. Or,…[Read more]

Continually buying and selling in Aus (and maybe most countries) is difficult as the costs of buying and selling, as well as the cap gains tax eat up a large chunk of the profits.Even keeping the property for 12 months to halve the cap gains tax then selling will still savage the profits.I know it can be done – property trading, but the market…[Read more]

Hleung,I think it's called the "Laboral"  party now.

Pirate,everyone has a different idea of what is a good rental return.I heard today of someone buying a $600k property with a 2.8% yield. As I am a primarily cashflow first, cap growth second investor, this is madness to me. That person is now a slave to very neg geared property unless they put in a huge deposit (unlikely), and there is no…[Read more]

Jon,I hope to God that our population never reaches 40 million.Come over here for a while and see what a pain in the ar$e it is to be among lots of people everywhere you go, evey day, all day long. And unfortunately, the majority of people are boguns; brainless morons, reproducing like rabbits, perpetuating the species with broke, apathetic…[Read more]

foundation wrote:
Hi Tysonboss. Don't forget that correlation does not imply causation and that even if a causal relationship exists, its direction of influence may be unknown. So, could it be that world demand for oil slowed sharply when prices passed a certain threshold? A casual observation also shows that the sudden escalation in price…[Read more]

NorwegianBlue wrote:
Peak oil is defined as reaching the limit of the rate of production. Not "running out" of oil.The world has more known oil reserves now than in the 1970s.Worst comes to worst – oil products will get more expensive. As it gets more expensive, less economical deposits become viable (like oil shale in Canada). As more deposits…[Read more]

I would definitely get contents cover for the fixtures and fittings such as carpets, kitchen, lights, etc. Speak to an Insurance Broker to help you work out what you need.Also, make sure you get Landlord's insurance. It is about $200 or so per year. All insurances are tax deductible, so it may even be prudent to take out your own building…[Read more]

In a basic number crunch on a prospective investment, if the rent return is below the finance cost (interest) then it's already looking a bit shaky in my book.I wouldn't buy any sort of property on a 3-5% rent return. Today's finance is at 8% roughly. There's a big neg cashflow there, and you don't know how much if any cap growth you'll get. Very…[Read more]

Xenia wrote:
What is ASIC trying to say here, the public are a bunch of uneducated morons who have to be protected from themselves? I was at a birthday party last night, the cake came out and the host told the 15 people there that it was chocolate cheesecake. When they served it out, it was pink with berries in it. OBVIOUSLY NOT CHOCOLATE!!!…[Read more]

Capitalist is the word used by people who are not wealthy, and never will be, and know they won't be, and want you to feel as bad as they do.

At 8.5% I would think that the only way it could be pos is AFTER TAX, given that finance is nudging 8% in most cases now.

This has been mentioned before (by me) on this forum;POSITIVE CASHFLOW AFTER-TAX.This means that after you have factored in:the rent, the tax return and the depreciation, or "on-paper" deductions, (must be built after 1987).The property returns a positive cashflow after all outgoings; including the loan. It is after tax, so there is no tax to be…[Read more]

Ask the local PM's who to use is a good place to start.

If you are a cashflow investor you wouldn't touch either of them; especially with little depreciation left on the bulding and fixtures/fittings. but if you're not scared of neg gearing, then go for it. just try and buy the best property you can in the chosen area. his doesn't mean the best condition; it means best for position, add-on value…[Read more]

There are lots of places where you can buy a 3 x 2 house for under $100k, or just over. They are usually in areas that are slowly dying as people leave for better job opportunities or weather elsewhere.You would want to come over here for a few months to get a feel of what's going on and what's required.Getting finance from here is hard if you…[Read more]

I agree with your successful investor friend.Our PPoR has 180% uninterrupted bay and city sky-line views, and is about 700 metres from the beach, on the hill of Arthur's Seat.In 2005 we bought a block of land immediately across the road from this house with even better views, and settled last month. It was a stretch, but there are only about 10…[Read more]