I WISH !!!!!!!!!! [blink]

Hey there DaisyGirl,

If you find a way to “deferr” CGT please please let me know ASAP; I am about to hand over a huge amount to the taxman in the next month or so! [glum][glum2] LOL

Cheers,

JO

I agree with you PISCES….LOL

I have NEVER been too much of a procrastinator, not sure if that is a good or a bad thing. I have made mistakes, been burnt (literally – tenants torched one of my IPs!!!) but I am here to tell the story….LOL

I am 41 years of age, own my own home and 3 other properties OUTRIGHT …. no procrastination there…[Read more]

Hi Sati,

Let me get this right….your loan repayment is 2300-2400 per month (yes???) and the rent is what??? What you get? or are you paying off someone else’s mortgage???

Pls clear this up for me before I can begin to help answer your query.

JO

Too true Redwing [grad],

however, it also depends on the source of that DEPOSIT….is it borrowed, cash or equity from elsewhere?

As for balance….again, I AGREE completely, HOWEVER (again) it depends on one’s motive…wealth (and success) is measured differently by different folk….me personally; I am not too concerned with capital growth…[Read more]

Too true Redwing [grad],

however, it also depends on the source of that DEPOSIT….is it borrowed, cash or equity from elsewhere?

As for balance….again, I AGREE completely, HOWEVER (again) it depends on one’s motive…wealth (and success) is measured differently by different folk….me personally; I am not too concerned with capital growth…[Read more]

WHAT ARE YOU WAITING FOR????????

BUY IT !!!! lol

Seriously, sounds like you have done your homework! Good luck with your venture.

Jo

At the cost of regretting any “knee-jerk” reactions here Marissa; my advice is DITCH THEM BOTH (tenant and PM) !!! It is your money, sure and your mortgage which can be at stake here, but trust me, better to be a bit down on cash for a month (if need be) than have the tenants from hell.

I know…I had them (or their relatives anyway).

I had…[Read more]

Can’t say I have….only know one thing for certain; whatever they are promoting….if it sounds too good to be true….IT USUALLY IS.

Hi Rebecca,

As a property investor for many years, I have in my experience found, that when buying a property as an investment it is always more beneficial to HOLD ONTO IT FOR AT LEAST A YEAR. Markets change, prices fluctuate, but if you can…wait things out…why put it back on the market for 350 when waiting a bit longer may get you 400…[Read more]

Thanks Redwing,

I should have mentioned, I have enough equity in the house I live in to cover the debts. My husband just doesn’t like the idea of “risking” the loss of our home if we ever run into hiccups with the IPs.

George, thank you again also….but one further question…

In today’s market how can you get a positive cash flow? I have…[Read more]

Thanx George,

I appreciate your advise/tips. I will keep the “overlapp” issue in mind – I agree, it can be a nuisance.
I have been buying (and reluctantly selling) for years, my husband is a bit more conservative and is fearful of “too much debt” which is why he would prefer to “wait” and build up funds a bit more first.
But I feel it is too…[Read more]