Yeah – I hate that terminology – Price Takers and Price Movers. We aint in no lecture. Keep it simple Stupid.

Can you expand a bit. I have all properties in my name for negative gearing purposes. The downside is asset protection – however I do have lnadlord insurance and public liability on each investment property.

If you want to upgrade your home, I would sell it and pile all your equity and estate money into your principal home (PPOR).

Then use the equity in your home to 100% finance an investment property.

The thing to understand is that interest paid on your home is not tax deductible whereas money borrowed for investment purposes is tax deductible.

Good Fella

Well summed up – could not agree more.

I agree with Kay.

If its zoned residential, and they do leave and the surrounding properties ie. residential only sell for $150k or less then you paid you are open to loosing money down the track.

If the surrounding properties sell for what you pay then proceed. Dont mix up a commercial property with a guy who works from a residential house.

I was not at the seminar and I never intend to spend $500.

With the velocity of money thingy.

Please bear in mind all things are relative. You sell for $400k, you buy the same for $400k so why incur cap gains tax and selling costs and stamp duty on new property etc.

The only time I would sell is if I could buy a similar property for less (ie.…[Read more]

Ok. From my spreadsheets for each year. Here are my holding costs (rent less exps)
1998 (800)
1999 40
2000 500
2001 1300
2002 1500
2003 1600

So in effect its put money in my pocket and allowed me to buy more properties.

<<<<<OK, the company my wife works for was listed in 1995. The listed price was initially $1.00 but fell to $.80 within a few days.
The shares went to $10.00, were split and are now $5.11 (as of 20 minutes ago).
So in 9 years the share price has increased from $1.00 (or $.80) to effectively $10.20.
So your $10,000 is now worth $102,000. >>>>

Ok…[Read more]

Those examples are not share trading but passive investing. Similar to property investing.

So do you have $100k to spend on shares? It could also go the other way and you now only got $98k.

I am in this for the long term. How many successful long term share traders out there.

How successful have you guys been? I have disclosed my success. Give me something that will make me think – yeah good stuff.

A guy from my work was excited…[Read more]

Ok – Who are these people anyway?

<<<<subject to completion of due diligence>>>>

Never heard of such a thing. But I would NEVER make an offer on a property unless you did your due diligence. Your only asking for trouble.

When I make an offer for a property, I always ask the agent how much do you reckon the vendor wants. Most bad agents give you a price, so you have a starting…[Read more]

<<<Larry Williams – Australian Trader, has manage to turn $10k into $2mill in one year…
William Gann – Manage to make a consistent $1mill each year and made more than $50mill and started with nothing (by the way he traded his way through the 1930)
Loiuse Bedford, Guppy, David Novac, Dale Gillham >>>>

Who are these people – are they the Donald…[Read more]

<<<<You should get out more yack. There are many!>>>

Please enlighten me. Give me some examples of Joe Average who has invested in shares and started with $10k and turned it into $500k.

Jenman has offered me some invaluable advice with both buying and selling properties.

I ahve even read his book – dont sign anything.

Go to the following he has 10 good tips. I tend to agree with them all.

http://www.jenman.com.au/NewsArticles1.php?id=103

I have learnt much without going to those high priced seminars.

So what is it in a property sense.

My suggestion is that you buy a property, renovate, sell, buy a new property, you have more equity, renovate, sell. ie .you keep turning over.

I will stick to my buy and hold and sell the occassional property to realise the profit when I expect the market to go down a little.

Pepper

I did not notice you had posted this. Maybe we could close this and keep yours. Its probably an opinionated thread anyway.

<<<the velocity of our money>>>

Does the recent seminar have anything to do with this sale? You probably would have got more velocity if you had decided to sell 12 months ago when Steve and Dave started. Not now that they have decided to let the world know.

Oh well – there are always followers.

Well I can only go on my experience.

Back in 1997 my wife and I only had $10k. Now we have equity worth over $500k. And over $100k in redraw facilities – access by netbank.

I find it hard to believe anyone could have started in 1997 with $10k and have over $500k in shares now.

Yes its a simplistic example.

Let me make the following points. This is what I was trying to get accross.

1. You can leverage more in property hence $100k in the example.
2. Commentators always say shares and managed funds make a greater return than property – hence 5% v 20%
3. My simplistic example does not allow for costs etc – but over the…[Read more]