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Leigh

  • Leigh replied to the topic secret to early retirment thru property in the forum The Treasure Chest 21 years, 8 months ago

    Hey Bruce, in reply to your request ‘trends from other investors’ I think the most significant similarities that were showing up were mainly concerning the individual, and their approach to investing.

    Firstly, most of the people I have been in contact with who are successful investors have known from an early point in their investing what they…[Read more]

  • Leigh replied to the topic Market Value and Property Manager in the forum No Subject 21 years, 8 months ago

    MV in your question refers to the individual property. So as to buy below MV, it’s below the valuation of THAT property [:)]

  • Leigh replied to the topic How to start with nothing? – Help for a novice? in the forum The Treasure Chest 21 years, 8 months ago

    Hey Gordi,

    I’m from a similar position. Some goods books relating in particlular to investing with no start-up capital/cashflow are;

    Nothing Down For The 90’s, Robert Allen
    Seven Money Secrets of the Rich (not 100% sure on title name), John Burley

    Good motivation and helps open your mind to investing without having a high income or capital base…[Read more]

  • Leigh replied to the topic LVR 95% in the forum The Treasure Chest 21 years, 8 months ago

    Not at all trying to make you re-think the purchase, given the capital increase it sounds promising (providing it isn’t highly negative cashflow!). I am trying to open your mind to other finance possibilities.

    For example, if you purchased below MV or the property increases in value over a short period you can refinance your deposit out (with a…[Read more]

  • Leigh replied to the topic LOW returns into HIGH returns in the forum No Subject 21 years, 8 months ago

    $ fluctuations seem to be the main issue, however if the $ fluctuates by even 20% wouldn’t you still be better off if you have an interest rate 50% lower? Or if you obtained the finance when the AU$ was at 49c wouldn’t that hedge your risk considerably?

    Student Accomodation

    At the moment we are still finalising our strategy, but it looks…[Read more]

  • Leigh replied to the topic LVR 95% in the forum The Treasure Chest 21 years, 8 months ago

    Hey Matduqua,

    A couple of questions.

    Have you already signed contract on the property?

    Do you require 95% because you only have 5% deposit?

    Is the property positive cashflow?

    What are your plans for the property?

    Are you paying full market value?

  • Leigh replied to the topic secret to early retirment thru property in the forum The Treasure Chest 21 years, 8 months ago

    I agree with the comments regarding changing times and many different approaches.

    I have recently had the opportunity to interview many investors on what it is they have done.

    Two different investors, two different strategies.

    1) Investor in Surfers Paradise told me how he purchased 2 apartments in the Versace Resort ‘off the plan’ for $600k…[Read more]

  • Leigh replied to the topic LOW returns into HIGH returns in the forum The Treasure Chest 21 years, 8 months ago

    Thanks APIM.

    I realised that the main risk would lie in the exchange rate fluctuating, and I am yet to look into this. Whether this has a + or – long term outlook I do not know. Honestly I have only just thought of the concept and have not had time to research it, that’s why I thought I might throw the idea to the Forum members, see if anyone has…[Read more]

  • Leigh replied to the topic Senior Villa in the forum The Treasure Chest 21 years, 8 months ago

    Hey guys,

    I noticed the Sunny Cove advertisment also, from the last issue of API if I remember correctly. At first glance it looks good, assuming;
    a) very low vacancies
    b) finance can be obtained below 6.5% (difficult long term)
    c) there are depreciation allowances
    d) the properties are not over valued (so that you can refinance your deposit out…[Read more]

Leigh

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