[wealth4life.comMember@wealth4life.comJoin Date: 2003Post Count: 1,248]

January 15, 2004 - 7:27 am

There is an old saying ‘if you think it will or if you think it won’t you are probably right’
I recently had discussions with a tax Barristor who writes for the tax office, all I can say is “nothing stays the same”
As long as you are building equity and have a good cash flow you have nothing to fear. A fool and their money are easily parted.

Regards Phil

[wealth4life.comMember@wealth4life.comJoin Date: 2003Post Count: 1,248]

January 15, 2004 - 7:12 am

I agree with darrenb my commercial properties far exceed the returns from my residential ones. You must develop a clearly defined strategy on paper, in my opinion, and stick to them.
I have drawn up a set of property forms that i use for a variety of functions including, purchasing, renovating, maintence, estiminating, developing costs etc etc, stick to the RULES to eliminate mistakes!!!

[wealth4life.comMember@wealth4life.comJoin Date: 2003Post Count: 1,248]

January 11, 2004 - 5:12 am

I think that the current rates of home loans are very low and if you research the last 40 years you may be surprised.
Don’t panic and focus on the rates but rather focus on the investment returns and your strategy.
I was paying 19.33% in 1991 on $5,000,000.00 at age 28
so to me the current rate is cheap

[wealth4life.comMember@wealth4life.comJoin Date: 2003Post Count: 1,248]

January 11, 2004 - 5:00 am

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