Let me respond to these questions –

<<<<1/ you say you turned 10k into 500k since 1997, a return of 5000%. Do you think you can now turn this 500k into 25 million in the next seven years? If not why not?>>>>>

In short – No. I am limited in my ability to borrow more. I also do not think its a good time to be overextended on borowings. My…[Read more]

I am an accountant and do know a little about shares. I have exposure to shares in my super fund.

The thing I like about property is this. The time value of money.

Property Bought 1997 $100k – salary $60k. Rent $140 per week. In 2004 $270k and salary $100k. Rent $205 per week. The Salary are rough figures but as you gain experience salary…[Read more]

<<<I like both shares and property I feel they both have a place in my investment plan.>>>

You are in a better position than me to answer this. Have you made more total dollars out of shares or property?

So lets say someone comes to you and says – I have limited time, energy, capacity etc. I want to retire wealthy with an asset base of $1m.

Am…[Read more]

Ok – lets say someone comes to you and says – I have limited time, energy, capacity etc. I want to retire wealthy with an asset base of $1m.

Am I better off devoting my attention to property or shares?

There is no doubt in my mind that Property is the way to go.

My views on Chelsea.

If its beachside of the rail – go for it. I reckon its an underrated area. Well I reckopn everything beachside of the rail in underrated.

If its the city side of Thames Promenade its ok.

If its the frankston side of thames Promoande – i have my doubts. There are units everyhwere and its a bit of a battlers area.

If I…[Read more]

<<<Lets have a good example if you had put your $10000 in caltex in may last year it would be worth 4.5 times more or $45000>>>

Did you buy caltex in may last yr? Probably Not. So Caltex is one stock out of 10,000 stocks or whatever it is. But a trader would have bought and sold before they received the 4.5 times return.

<<<positve cashflow opportunity>>>

Is that the only reason you have decided to invest in that town of 1500.

There is more to investing in property than positive cashflow. Do you earn enough postive cashflow to make it all worth your while.

What do you reckon the property will be worth in 5-10 yrs time?

Having a property manager able to manage…[Read more]

as its only a small amt – i would whack it all to repairs – but the ATO would probably rule it as capital expenditure.

Sounds like capital expenditure to me. Thats the state the property was in when you bought it. You incurred capital expenditure to get it to a state suitable for renting.

I believe some of the people running the show have a history with Henry Kaye. ie. worked with him.

Not for me.

<<<<when ALL occupants are avail,& get a video, &/or photo’s of them.>>>>

There maybe some privacy issues. I would just stick with the law and do things with the property manager.

Congratulations on the new Book. I look forward to reading it and I am also looking forward to reading the new Peter Spann Book.

One is more positive cashflow while the other is more growth oriented. So by reading the two I get a more balanced view of property investing.

I would love to be at the book viewing but I will be overseas at that time.

Why did you not list the properties for sale with the property managers agency? I always list a property for sale with the property managing agency.

How far away from your home is this investment property?

I suppose thats always a danger of having a rural property. It almost sounds like there is a shortage of tenants in that area if the agency…[Read more]

Hey – you guys should read the Book by Peter Spann – he renovates and holds and then with increased equity buys the next.

He used to renovate, sell, then buy the next. Then he realised he would have been better off if he held them instead of sold them.

Anyway worth a read.

My advice would be to put a sign out front and some ads in the local paper.

<<<<On another matter i’d love fixing my loans for 15 years at 5.49 %>>>

Me too. But I was more referring to the sentiment that as the US economy comes out of recession, increase rates will rise.

Rates head higher Inflation fears help push 30-year loan back over 6%

By Steve Kerch, CBS.MarketWatch.com

SAN FRANCISCO (CBS.MW) — U.S. mortgage rates rose in the week ending Thursday, sending the benchmark 30-year fixed-rate loan back above 6 percent, Freddie Mac said. The 30-year loan hit a national average 6.08 percent, up from 5.98 percent…[Read more]

I would suggest you keep NZ loans for NZ properties and Aust loans for Aust properties. That way you have no exchange rate risk.

As for future expansion – do what you can afford and dont go over the line where you cannot sleep at night due to worriying about making interest payments.

This sort of applies to me.

My father was a builder and my brother did his carpentry apprenticeship with him. I went on to University and what got me going was that during School holidays, Dad dragged me to work. During Summer it was too hot and during winter it was too cold. So I was prepared to study so I could work in an office. In fact I…[Read more]

Originally posted by GreatPig:
Originally posted by yack:
I have all properties in my name for negative gearing purposes.
You can also do that with a hybrid discretionary trust.

GP

I have the following concerns-

1. Can I still claim all the interest expenses in my tax return?
2. How does this effect my capacity to borrow with the Bank? Do I…[Read more]