Think you posted this in wrong section, there’s a area that deals with the book 0-130 properties…

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Has anyone with a head ( and the time ) for figures looked at some of these places and worked out whether in the last two years they would’ve been better off buying – geared properties in a larger area or + geared properties in a smaller area..

With the benefit of Capital Growth ( and hindsight [] ) the – geared property , as long as not to…[Read more]

DELIVERANCE..was funny, someone mentioned that exact movie to me about Collie WA..[}]

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Was in DYMOCKS yesterday, JAMIE has a book out there, think it’s called “What i Didn’t learn in School” or something similiar ( sorry, can’t remember, just had a quick browse )..

If your interested, have a look as it probally explains a lot more..

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Do A search on E-Destiny or Margaret Lomas on this site, there’s a lot of info about..

I Think the cost’s area bit high for stuff you can do yourself..but that’s me..

Read a book or two of hers first and see if her strategy is what suits you, whatever you decuide, you have to be *comfortable* with it..

REDWING

“Money is a currency, like…[Read more]

It’s this kind of thing that the ATO would be looking at Re TRUST’s Georgis..IMO

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

*scratches his head*[]

So…… what ‘is’ his best course of action MH ???

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

You have to realise you get tax and depreciation (if applicable )benefits

For a $45k house i’d be paying P&I..and aiming to reduce the loan,you’re aiming for ca$h flow here remeber, not tax savings..

To those that spend $1 ‘just’ to save 50c in Tax..
send your dollar$ to me and i’ll give you 60c back !!
10% more [}]

[:o)]REDWING

“Money is a…[Read more]

This is a question that i’ve pondered as well, how about Dolf deRoos advice of refinancing your IP back up to 80-90% and taking some cash out of the restructuring ??

I realise that if the cash is not used for investment purposes that the interest is not tax deductible on that portion…But, is it a way to allow yourself some ‘breathing’ space for…[Read more]

Speak to your mortgage broker..

It’s your house..PPOR, don’t see why you can’t do with it what you want, as i said for my friend the benefits of claiming the tenants would’ve been better than doing it as a Ca$h only deal with his mates..

Weigh up all your options, speak with your accountant,mortgage broker or bank and go with the best course of…[Read more]

It’s ALL about balance..isn’t it !

Risk + Effort = Reward

If you don’t take the risk, you don’t ‘get’ the reward, now… how about limiting your risk then..
For example, you could buy in a town of 400 people, buy a heap of sh*t ( as you so elequently put it Lawrence )recieve your monthly checks and take your chances..

To me that’s just *way* to…[Read more]

Where’s the new Smileys.. ??

Mine’s looking for company []

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Mel

What Trust structure did you decide upon.. discretionary or hybrid ? Family ( as Steve has done ) ?

I realise if i went down this path the properties currently held would not be worth putting into the Trust, but so be it, they can be sold a few more years down the road if need be to purchase others which can then be held in the…[Read more]

Yes, also remember in the book, Dave worked to assist the deals financially, whilst Steve did most of the researching of properties etc (hmm… i think that’s how it went ?[])

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Firstly [^][^]

On buying well

“Money is a currency, like electricity and it requires momentum to make it Effective”

Why the pictures of the waterspouts and the people at the tables ?? the view from the box ??

Hey, as the numbers are consecutive, can you smash down the dividing walls and get enough room for an inner city unit… HMMMMMMMMMMMMMMM $ *kaaachiing* $

Actually, why not buy as storage units and rent to a legal firm or such…??

REDWING

“Money is a…[Read more]

Think Haj Gill Has a reasonable book out, something like how to reduce your mortgage in 4 easy steps or such.. been a while since i read it..

On that note i got it “FREE” from HSBC web-site

Or do a ‘search’ on Google in Au

Noel Whittaker has a book out on Loans as does.. Hmm whats his name from the ‘money show’

REDWING

“Money is a currency,…[Read more]

Kay..

A good win then, guess it says something for keeping your rents around market levels for the area, the original owners must’ve had a ‘set ‘n’ forget’ policy..

I read somewhere that tenants on average move every 6 months, i haven’t found that to be the case though ?

Also read that Home owners move every 7 years.. hmm i’m moving too often…[Read more]

Your property manager is usually different from the real Estate agents in the usual office, and 9 times out of 10 a female i’ve found..

As with R/E agents, there are both good and bad, and what they say in an initial interview may not be the case when using them, you may even wind up with thier ‘off-sider’ looking after your property.. beware the…[Read more]

Derek

Do you advocate chasing cash flow or Growth ?

The majority of the properties i’ve viewed on the clubs list have been expensive..well, to me anyway..

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”