i want interest rates to rise, so that there will be so many hot properties on the market so tha ti can get my hands on them.

dont you guys want it to happen?

housing comission ex houses are brillant, high capital return and, for the ones i have, had no problems in getting to be rented out. my best friend who is 20 whos family lives in a housin comission have been offered to purchase the one that they are livin in.

purchase price $90,000.00 Market price $190,000.00 though they are only gettin this…[Read more]

hi saskatoon,

i just worked the information based on how much the sellin price of the property is.

Other costs i just assume that will be paid in cash, and only the loan for the full amount of the purchase price is required.

thanks

still_in_school

Hey guys, thanks for your replies, i will talk more tomorrow on here, just at this moment i only have a breezer to check my email but i will catch tomorrow on this topic and get in touch.

thanks

still_in_school

i think all the time is the best time to buy.

what i mean is some were, were everything is just hits it boom, some where else is just leveling out and else were property rises are rising, maybe fast or maybe slow, but there is always some were good to buy, just knowin were [?]

just know where and when to buy and sellin at the right time will…[Read more]

refer to my mistake as passive profit as “passive profit as a percent”

hey Sophsi, yeah i was advertisin myself… lol but i dont think i did a good job of it, but

seriously sophsi, i think you should charge people anything under $100,000.00 at $2000.00 fee and anything over $100,000.00 at 2% of the selling price.

I think thats about average across the board but if i was you make a new post and head the topic as…[Read more]

sorry guys about my ignorance, but what does FHOG stand for?

oh sorry about that, not thinking and puttin in the wrong caculations.

thanks positive cashflow

Hi Castle Dreamer, ive always been interested in the car parks but never have gotten round to them, serious question though, were would i go abouts to get contact information about getting hold of carparks that are for sale?

Thanks heaps

Cheryl that property you found for $85,000.00 dont just go all off about it talk to the agent and see if you can get the price negotiated or to save up more finance speak to the agent and ask if they can put the property into a 2 month settlement agreement either way you still have a chance to save more money and you dont know you might just be…[Read more]

actually sophsi, i was gonna ask that does any body want a spotter. Well i guess since we are talkin about it, would anybody be interested in a spotter if so i think a fair price would be anything under $100,000.00 at $2000.00 fee and anything over $100,000.00 at 2% of the selling price.

This could be negotiated by both our solicitors were they…[Read more]

To get the Profit yield against the loan and not to take in cash on cash as consideration is worked out like this.

$70,000.00 purchase price – weekly loan repayment $104.92 (based on 6% over 30 years)

Rental = $150
Passive income = $45.08

Profit yield against the loan = $45.08 divide by $150 = 30%

nah i dont think 1% cmon maybe half of the people will think about it, half of those half will give up and only maybe a very few will persue and others will tag along and watch some one do it first before they take a turn, but i dont think 1% only

hi cheryl,

here i will give you an example of what puttin a deposit on a property can do to make it positive geared.

here is an example.

Price of property is $120,000.00, the rental income for this property is $170 a week for example

$120,000.00 at 6% over 30 years = $179.86 a week in weekly repayments. (the rental does not cover the weekly…[Read more]

to be honest pousti

get both if you can, let me explain

say you get a +ve cash flow property with a passive income of say around $50 a week, instead of pocketin that money invest that $50 into another property for example a -ve gear property, lets say that the in the simplest form that the bank wants an extra $50 cause you tenants rental doesnt…[Read more]

to be honest powmow, i have done plenty of renovations, there fun to do, if you have the cashflow and you are willin to put the time into it.

Though i dont do them anymore but maybe when i am able to quit my job, that something i would like to do with my spare time.

Best advice i can give you about renovations and theres plenty of other advice,…[Read more]

for me personally, if a tenant requests or askes for deadlocks, normally dependin on the tenant or on the lease agreement i will think about it, but normally i like to up the rent a little bit, usually any cost or expense that comes out of my pocket i will increase the rent just a fraction, just to cover cost,

normally i try to work out an item…[Read more]

no body mentioned, jerry springer or rickie lake, oh well i like those talk shows, i dont know but to me they are really addictive.

for me personal what really pisses me off is dole bludges, there are so many of them and some of these pensioners come on, the ones that really need the hell get knocked back but the ones that are rippin the government off and havin cash on hand jobs or dont bother too look for a job but sit round and wait for the dole cheque to come in really get…[Read more]