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  • Profile photo of RickstaRicksta
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    @ricksta
    Join Date: 2003
    Post Count: 41

    Consolidating. I am not interested in any "off the plans"…. the Sunshine Coast is full of them.

    Profile photo of RickstaRicksta
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    @ricksta
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    Post Count: 41

    Hi Resiwealth

    I’d be interested in getting a copy of the report on Ipswich.

    thanks
    Rick

    Profile photo of RickstaRicksta
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    @ricksta
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    thanks…
    OK here are some figures

    (a)Equity
    House 1
    owe 110,000
    est value 350,000

    House 2
    owe 80,000
    est value 240,000

    (b) Finance needed
    180,000

    (c) income
    about 45,000

    I have already had approval for 180,000 from a lender while I was employed on a similar income but I still want to have finance prepared if the correct deal comes up.

    Profile photo of RickstaRicksta
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    @ricksta
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    Post Count: 41

    yep… I’d like to know more aswell PM me with a link that works or more info on it.

    thanks
    Rick[biggrin]

    Profile photo of RickstaRicksta
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    @ricksta
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    Hi Foundation

    Can you send me this mass of interesting links.
    Knowledge is power!!

    thanks
    Rick[biggrin]

    Profile photo of RickstaRicksta
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    @ricksta
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    Got an interview with Raine and Horne this weekend.

    Just for the interest of other people thinking of moving into the industry the starting award wage is $476 gross per week… YOUCH!![thumbsdownanim[confused2]

    Profile photo of RickstaRicksta
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    @ricksta
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    how about “The Flightless Bird”[oneeyed] kinda like the pubs they have in london eg: slug and lettuce

    Profile photo of RickstaRicksta
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    @ricksta
    Join Date: 2003
    Post Count: 41

    Where is it? might help.. for the name!

    Profile photo of RickstaRicksta
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    @ricksta
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    Thanks for the insight so far

    At the moment I am on $50,000 a year but what I do doesnt interest me. I do have a plan of investing in property for a living but I see the real estate job as a step forward to understanding the industry I am and will be spending my money in. Developing does interest me immensly aswell but got walk before I can run.

    Does anyone know which is the best course to do in Queensland for starters.

    Anyone got a job for a super keen 29yr old on the Sunshine Coast?

    cheers
    Rick

    Profile photo of RickstaRicksta
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    @ricksta
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    thanks for the suggestions… I know the industry is slowing down but I am not concerned that its not the flavour of the month.

    As a web developer I remember how tough it was to get a job after the dot com bubble burst.. and I figure if I can get in now I’ll have some experience and be ready for the next upturn.[thumbsup2]

    Profile photo of RickstaRicksta
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    @ricksta
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    Hi Sheva

    Are you looking for a house, townhouse or unit?
    Also which area are you wanting to live in?

    [smiling]

    Profile photo of RickstaRicksta
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    Jason

    January’s issue of API has an interesting story on holiday rentals. I live in this area and if my memory serves me correct Sunshine Beach has had the highest capital gain over any other suburb on the Sunshine Coast in the last 2-3 years.

    Cheers
    Rick

    Profile photo of RickstaRicksta
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    SALACIOUS – can you elaborate on no interest repayments!!

    thanks :)

    Profile photo of RickstaRicksta
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    @ricksta
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    Thanks luckyone. Does this then mean that the trust can then claim for negative gearing purposes even though I would be a director of the trust.[cap]

    thanks

    Profile photo of RickstaRicksta
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    hmmm I know your right Foundation but renting in my opinion is such a waste of money. Maybe I’ll have to change my direction and look for a cheaper alternative. eg: townhouse or unit not a freestanding house [glum]

    Profile photo of RickstaRicksta
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    Hi Kidders

    Is this a new property? If so the price maybe inflated so the developer makes a profit. I would look at similar established properties in the area and see what there sales data is like

    cheers
    Rick

    Profile photo of RickstaRicksta
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    Hi

    I use one and think it is great. At the moment we have a loan of 83,000 @ 6.75% and have about 20,000 sitting in the offset account. This means we only get interest charged on 63,000. This saves me approx $100 a month. Where else can you get a return of 6.75% for cash at the mo.

    However be aware that if you then spend that savings on a new investment it not only costs you your savings but the money you were saving in interest aswell :)

    cheers rick

    Profile photo of RickstaRicksta
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    Hi

    I have a question regarding locations in Townsville.

    We will be moving there in Feb05 and would like to purchase a property before we move. We have been researching hard but its hard to get a good understanding of quality areas to look at.

    From my short time up there I found that one street can be great but the house may back onto an undesirable street. There seems to be a fine line between good and bad locations.

    If anyone can give us some guidance of good and bad areas it would be much appreciated.

    Obviously this issue arises because we are looking in the below 200 range.

    thanks
    Rick
    [thumbsup2]

    Profile photo of RickstaRicksta
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    @ricksta
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    We are interested in being part of this investors club. We will be moving there in Feb 05.

    thanks
    Rick[biggrin]

    Profile photo of RickstaRicksta
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    Hi Mr Fixit

    I went to a consumer seminar run by Neil Jenman http://www.jenman.com.au the other night and both companies you have mentioned came up as ones to be aware of. [8)]

    I have no experience with either.
    This is simply for your own info[:D]

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