Total Members: 158,198

mcubed

  • mcubed replied to the topic BUYING A GYM – THOUGHTS? in the forum Help Needed! 15 years, 6 months ago

    Thanks for your response Richard.Would you buy a business or stick with property?I would have the equity in my portfolio to fund this, What would u do? TaMel

  • mcubed replied to the topic BEST TIME TO BUY SECOND PROPERTY? in the forum No Subject 17 years, 1 month ago

    Thanks everyone for ur replies,

    So basically I could just let the rent that is coming in for my unit, just use that to pay off the unit and possibly a bit more?

    and save the rest of my wage for a deposit on something else?

    Yes, the next loan I get will be interest only as would cost me too much to change my already loan over to that.
    also next…[Read more]

  • mcubed replied to the topic Should i rent furnished or un furnished in the forum No Subject 17 years, 1 month ago

    Hey Devo,
    I have a place in Brisbane and when I went to list it with an agent they told me that I wouldnt get much extra for having furniture in it, they also told me that I would get max $200 per week. I did my own advertising and am getting $260 per week with a few items of furniture in it. I got about 10 calls on the day as well from potential…[Read more]

  • mcubed replied to the topic How to Determine Rent on a property in the forum Help Needed! 17 years, 1 month ago

    Hi
    In terms of determining the rent for ur property dont let the agent tell u what to charge! I have a unit and it is in a great location in Bris, near train line etc and the agent told me that I wouldnt get anymore than $210 for the unit. I did my own advertising and I am getting $26 per week. The advertisement only cost me $30 to run for one…[Read more]

  • mcubed replied to the topic How to Determine Rent on a property in the forum No Subject 17 years, 1 month ago

    Hi
    In terms of determining the rent for ur property dont let the agent tell u what to charge! I have a unit and it is in a great location in Bris, near train line etc and the agent told me that I wouldnt get anymore than $210 for the unit. I did my own advertising and I am getting $26 per week. The advertisement only cost me $30 to run for one…[Read more]

  • mcubed replied to the topic Meeting in Brisbane North in the forum General Property 17 years, 8 months ago

    Hey Cata, i would be keen to come, I am northgate – let us know details :-)

  • mcubed replied to the topic PURCHASING 2ND PROPERTY? when the right time? in the forum Help Needed! 17 years, 8 months ago

    Thanks for your advice
    So I dont need to wait until I have ‘lots’ of equity in the property I curerently have?
    I mean, I didnt thnk that I would be able to go and borrow say $150K for land or something? how would u pay offf both on the same wage? i can start renting my place at the end of july – will aim to get about $250.
    where to from here?

  • mcubed replied to the topic HOW TO PAY UNIT OFF IN 5 YEARS? in the forum Help Needed! 18 years, 2 months ago

    Morning Everyone,
    Thanks heaps for all ur thoughts, suggestions.

    I guess I was just mad keen to have it paid off in a small number of years, but if I put everything I have into the property + rent I will receive when someone goes in there. I will use the equity after about 5 years to buy something else.
    It is just funny when people say that put…[Read more]

  • mcubed replied to the topic FIRST HOME OWNERS GRANT – URGENT ADVICE in the forum Help Needed! 18 years, 4 months ago

    Great! thanks for the responses
    appreciate that

    so it is definately not 3months that u can live in the property? it must be a minimum 6 months?

    also, when it comes time to get the grant,
    how did u go about getting it?
    does it come in the form of a chq? etc

    so basically, if the tenants have just moved in and they move in one year, technically if…[Read more]

  • mcubed replied to the topic Moranbah – Qld Mining Town in the forum Help Needed! 18 years, 5 months ago

    hEY CAZZ67

    I AM FROM MIDDLEMOUNT, ABOUT AN HOURS DRIVE FROM MORANBAH. I HAVE FAMILY THAT WORK IN THE MINES THERE AND THERE IS STILL ENOUGH COAL THERE FOR ANOTHER 30 YRS SO i WOULDNT BE SAYING THAT U HAVE MISSED THE BOAT.
    I AM NOT AN EXPERT ON GIVING ADVICE ABOUT PROPERTY, JUST LETTTING YOU WHAT I HAVE HEARD
    I WOULD SAY THAT IT WOULD BE A GOOD…[Read more]

  • mcubed replied to the topic GETTING A HOME LOAN WHILE ON CONTRACT WITH GOVT in the forum Finance 18 years, 11 months ago

    thanks for that guys

    my contract ends in June but word has it the job will be advertised between now and June.

    80% LVG (what does this mean?) leverge?

    i have been working full time since July 2003
    this is my second job

    savings have been consistant since then

    thoughts?

  • mcubed replied to the topic GETTING A HOME LOAN WHILE ON CONTRACT WITH GOVT in the forum Finance 18 years, 11 months ago

    hey Derek
    thanks for that,
    the thing is that i have seen this house before, it was for sale last year and it must have not got sold so that vendors did painted the whole house again, and put it back on the market, this is exactly what iam looking for .
    i am 22
    if i didnt get the job (minimual chance) there are always heaps of other jobs areound…[Read more]

  • mcubed replied to the topic AIMING TO BE A MILLIONAIRE BY 30 in the forum Help Needed! 19 years, 1 month ago

    woodsman!

    thanks for ur response
    please tell me more about share funds (overseas)

    and to everyone else thanks for ur input! really appreciat it :-)
    i just want to starting investing asap, but reliase i need to read more!
    possibly wait until the market settles down,
    but the longer i wait, i wont be able acheive my goal of having 1M worth of property…[Read more]

  • mcubed replied to the topic AIMING TO BE A MILLIONAIRE BY 30 in the forum Help Needed! 19 years, 1 month ago

    thanks so much for all ur responses!
    so looks like i need to read more, – boring! :-( i just want to get in there and start!
    anyone want to take me on board??

    basically i have 10 g’s, fulltime job and looking to create weatlh asap!

    thoughts>?

  • mcubed replied to the topic AIMING TO BE A MILLIONAIRE BY 30 in the forum Help Needed! 19 years, 1 month ago

    thanks for ur response!

    well i am steering more toward property over shares, as i see shares to be a bit risky? thoughts?

    i have just noticed somethign in new farm, brisbane (near city) $120,000 studio, looks nice, 155 per week rented atm. thoughts? do i still get the gov grant for this if i bought a unit?

    as for personality, I am so keen to…[Read more]

  • mcubed replied to the topic 1st investment PROP HELP! in the forum Help Needed! 19 years, 1 month ago

    kwilko,
    do i stil get the $7000 grant if i buy the house as an investment?
    or must i live it in?

    thanks

    ps if i do buy a house to live in how long do u have to live in it to avoid paying some sort of tax? thanks

  • mcubed replied to the topic ABOUT TO BUY FIRST INVESTMENT – TIPS WANTED in the forum Help Needed! 19 years, 2 months ago

    Dear Kwilko,
    Thanks so much for ur advice! That was great to hear back so soon!
    Do you think I have enough deposit to start looking to buy a house? I am working full time for the QLD Govt. Iam on a contract but my job is going to go permanent next month.

    do u think it would be wise tolook at buying the property in bundaberg @ 147K despite having…[Read more]

mcubed

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