Total Members: 158,521

Mick INC

  • Mick INC replied to the topic Multiple Streams of Stupidity in the forum Opinionated! 20 years, 5 months ago

    WOW!

    Poor old JayJay. Don’t worry mate I wont pick on you. All we can hope is that all these MORALS getting tossed around in here might just rub off on you and me.

    Don’t get me wrong guys, I’m not taking sides here, I’m quite happy sitting on the fence[:)]

    One thing to consider though is that not everyone can afford $600 bucks or so to buy an…[Read more]

  • Mick INC replied to the topic Change in Policy Re: Posts about Stocks/Shares in the forum No Subject 20 years, 5 months ago

    Good on ya Steve! My mother always told me that shares are the Devils work!![}:)]

    Now we have a nice wholesome, and christian forum again. YAY [8)]

    Mick INC

  • Mick INC replied to the topic Steve 0-130 in 42 Months,Cowra : 0-80 in 6 months in the forum Hotch Potch 20 years, 5 months ago

    quote:
    “theres a time to have the brains of and idiot ”

    ummmmmm, they’re teaching people in the NAVY that?
    *shocked*

    Hey shaunwalker I’m guessing you must have been a Bosun’s Mate[:D]

    Mick INC

  • Mick INC replied to the topic A Wrap Deal for FREE !! (Insane!) in the forum Hotch Potch 20 years, 5 months ago

    SO what’s your motivation for doing this??? Maybe you’re just a really nice person. [;)]

    I’m sure someone will snap it up!

    Mick INC

    PS. Any chance of lending me $50?? [^]

  • Mick INC replied to the topic **PropertyGuru** New Positive Cashflow Rule in the forum Hotch Potch 20 years, 5 months ago

    I don’t like your rule! Now I only have two +cf, one neutral and one -cf property. [:(]

    On the 11 sec rule I had 3 +ve and 1 -ve. I like the old rule beta[:D]

    Mick INC

  • Mick INC replied to the topic How Many IP’s in the forum Forum Frolic 20 years, 5 months ago

    I’ve got 4 IP’s. Buy and Hold.

    Mick INC

  • Mick INC replied to the topic Property Management Software in the forum Hotch Potch 20 years, 5 months ago

    Hey thanks everyone, you’ve been a great help.

    Mick INC

  • Mick INC replied to the topic Changing locks/safety? in the forum General Property 20 years, 5 months ago

    Personally I wouldn’t bother. If you are concerned about tenant peace of mind, I find that a medium quality alarm system does the trick. But make sure it has a keypad and not a remote. Don’t have have it monitored either!!

    Mick INC

  • Mick INC replied to the topic losing badly i think in the forum General Property 20 years, 5 months ago

    quote:
    thanks shnook &risky they are all open lines of credit can pay more than the interest component which i do only to the tune of 15/ 20 $ per week each prop your ideas make a lot of sense will be seeing my a/c and lender very soon
    cheers chris

    Why have so many LOC’s, you only need one to take advantage of the concept. LOC generally attract…[Read more]

  • Mick INC replied to the topic Property Investment_ No.1 in the forum No Subject 20 years, 5 months ago

    Aye Mate,

    So are you saying you are happy to move out to an area where +geared IP’s can be found (ie country area) and live there for a year. Or are you telling us porky pies.

    Hmmm, sounds dodgy

    Mick INC

  • Mick INC replied to the topic Sub-letting in the forum General Property 20 years, 5 months ago

    Quote:
    Yeah, I remember a guy I knew trying to pull that one a number of years ago. He decided he would charge everyone else higher rent, and have a free ride himself. He didn’t let anyone else know he was getting free rent.

    Hey nothing wrong with that! He wouldn’t have had any probs if he had been more upfront about it the whole affair. I…[Read more]

  • Mick INC replied to the topic Sub-letting in the forum General Property 20 years, 5 months ago

    A student in Brisbane currently leases several houses in Brisbane near Unis at say $250 per week, rents out the four bedrooms per week at $100 per room making $150 per house per week to pay for his own rent/house.

    Gidday
    Just thought I’d add in my two cents worth on this topic.

    Firstly I’d like to say that I believe i have considerable…[Read more]

  • Mick INC replied to the topic Should I buy and hold? in the forum Hotch Potch 20 years, 5 months ago

    Hey Phil

    Just a thought! How about buying the positively geared property and spend a few grand on maintenance before you head overseas, and make some money $$$. Add extra payments from job in the UK and you’ll be streets ahead of that silly old negatively (-) gear ip.

    You know what to do!

    PS Think positive! It works for me!! $$$

  • Mick INC replied to the topic Please explain ? in the forum Hotch Potch 20 years, 5 months ago

    A couple of others things to think about when moving iP’s into trusts is that when applying for finance banks tend to treat the trust just like a person ie. they will only use 30% of the trust income (rent) to qualify for finance. So you may have to go guarantor for the trust in which case attracts an extra $300 to sign the extra paper work in the…[Read more]

Mick INC

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