Try checkin out the links for books i have read on another forum

hang on ill paste the link here for you.

http//:www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=5667

cheers
s.i.s

i hope this works

Hi Westan,

Interesting article to read, its interesting to know what the economists are saying, i do agree with them that interest rates are rising, but in the long term i can picture them going up.

What i can see is the interest rates are rising, they will continue to rise, then fall very slightly and then rise up again much more and fall again slightly.

What i picture is a slow increase of higher interest rates, that will rise and fall but the eventual outcome is that they will be much more and even more higher in the next few years.

cheers
s.i.s

Hi Paul, for me personally i would take the option of buying half a dozen cheapies, as long as they are low maintenance and have +ve cashflow and in the meantime, i would be workin out which property i would be selling, that i already have that has gain some capital gain, this way i have more +ve cashflow properties, i have liquidatie and access to real cash at the same time.

cheers
s.i.s

quote:

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Have you looked at realestate.com.au

I just did, and saw some in Mount Morgan (no idea where that is), and a few other places under $50K

Cheers
Mel

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Hi Melbear, Mount Morgan is west and inland from Rockhampton, another bad place to stay away, many of the real estate agents i deal with in Rockhampton have told me to keep away from that area, once you purchase its very hard to sell again, the area is well know for its low economics and most people, who live there are either on the dole or some sort of government assistance.

In other words, purchasing in Mt Morgan is like digging a bigger whole for your self and not being able to get back out.

Cheers
s.i.s

Hi Johnny,

Welcome to Property Investing, ok how the 11 second solution work is.

Divide the weekly rent by 2, times by 1000 and the result will give a purchase price to aim and not exceed.

eg.

Rent = ($150 a week divide by 2) x 1000 = $75k The property you are looking at should be no more than $75k,

hope this helps

cheers
s.i.s

quote:

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by the way this property would not be cash positive even with a 20% deposit.
bye westan

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Hi Westan, im curious why you would say this property is not cash positive? The property just fits on the 11 second solution and even with a 20% cash desposit, that would definitly pass the 11 second solution.

Just curious on your thoughts why?

cheers
s.i.s

Hi angel01,

Welcome to property investing, i agree with what melbear has said, check out the treasure chest and you will find plenty of useful information there.

cheers
s.i.s

Hey Richmond,

lol… im surprise… 2 people who dont know each other but know the same lady.

anyway just wanted to say that.

cheers
S.I.S

I work for money….. But, my money works for me!

Hi Jake_Heinemann,

Also your best friend is your bank book. Your bank book will be their when your rick and when your poor, but you will find most friends are only there when you got something they want or need.

Short story cut short.

I finish high school almost 3 years ago. I have 1 best friend from school that i keep in contact with. The rest pretty much the day we finished, i never ever heard or saw again, many of my friends went there own way and even other people i know, dont know or have not heard from them either.

friends will come again, but you bank book will always be there for you.

cheers
S.I.S