yack replied to the topic No leverage left – what now? in the forum General Property 19 years, 2 months ago
I would sit and wait. Look at it this way. IP1 has allowed you to buy IP2 and IP3. If you pay down some loans on IP2 and IP 3 and let time take its course, then you could probably multiple again. ie IP2 allows you to buy IP4 and IP5 and IP3 allows you to buy IP6 and IP7.
How soon you buy IP4-7 depends on your risk profile. I am conservative…[Read more]
yack replied to the topic Richmond is a DADDY!! in the forum Forum Frolic 19 years, 2 months ago
Congratulations.
Before you know it she will be 5 yrs old. The first 6 months are the toughest. Well thats what we found.
Have fun.
yack replied to the topic What type of vehicle do you have ?? in the forum Opinionated! 19 years, 2 months ago
We are a two car family.
Our family car – wife drives is a 97 Ford Falcon station wagon.
I drive a salary packaged 2002 Holden Astra. Lease expires next month with a $10k residual. I will payout the residual and that will give me an extra $500-700 per month cash to invest instead of use on the car.
I dont fancy getting public transport to work…[Read more]
yack replied to the topic Intrinsic value affected? in the forum No Subject 19 years, 3 months ago
Intrinsic Value –
This is what worries me a little.
How can a young couple getting married afford to buy an average house for $350k. Well thats what you need in surburban Melbourne.
Not only do they need to afford the interest payments but they also need to save the deposit. I cannot imagine having a mortgage of $250 to $300k.
That to me is…[Read more]
yack replied to the topic Positive Real Estate in the forum No Subject 19 years, 3 months ago
Student accomodation paying 8% for a studio apartment. Studio to me means there is no bedroom and you sleep in the lounge.
CF+ – i dont call that investing. Too risky for me. An inner city apartment. Small body corp fees – what does that mean?
yack replied to the topic Positive Real Estate in the forum Heads Up! 19 years, 3 months ago
I get their emails. None of their properties interest me.
yack replied to the topic My 12 months Plans what are yours ? in the forum No Subject 19 years, 3 months ago
My aim is to consolidate and do NOTHING.
yack replied to the topic Time to Consolidate? in the forum Opinionated! 19 years, 3 months ago
I am not entirely doing nothing. All I am saying is that my portfolio is now at a stage where its neutral. i believe in investing in city surburb properties near the beach and stations.
Sure prices have gone down and there are opportunties, but i reckon the opportunities will be better in a few yrs.
I am not the only one sitting and waiting…[Read more]
yack replied to the topic Time to Consolidate? in the forum Opinionated! 19 years, 3 months ago
Hi Westan
In my view buying in the US is too risky for me and they too are in a smimilar position in the property cycle.
The returns may be good in some areas but they come at a price – risk.
If returns were that good then why dont more people in the US invest in property rather than shares and their 401k.
My uncle in law – who lives in Canada…[Read more]
yack replied to the topic 100K positive cash flow propertys in the forum General Property 19 years, 3 months ago
If you cant find this answer on this web site – i doubt you will be able to find any properties for $100k giving positive cash flow.
yack replied to the topic Advantage of Renting in the forum Opinionated! 19 years, 3 months ago
I started with buying my own PPOR. We were renting and saved a very small deposit and then bought our PPOR. As I grew some equity I bought my first investment property without the need for a deposit. We cross collaterised. Now my PPOR is fully paid and I have a few investment properties that were negative geared but are paying for themselves…[Read more]
yack replied to the topic Recruitment Agencies – Very Disappointing in the forum Opinionated! 19 years, 5 months ago
I have been looking for a new position recently. I have been with the same company for over 10 yrs and feel like a change. I am just over 40 and cannot get over how young the recruiters are.
yack replied to the topic THE BUDGET- Good or Bad for Property? in the forum Opinionated! 19 years, 5 months ago
My thoughts –
1. Rents could rise – tenants have more cash.
2. Could be inflationary and cause interest rates to rise.
3. People have more cash – more confidence to invest.
4. Less people on higher tax rate – reduce effect of negative gearingyack replied to the topic Alarm bells ringing in the forum No Subject 19 years, 5 months ago
I am a little worried about all this investing in the US. Property in the US like here is also overvalued.
I lived in the US (San Francisco) for a year back in 1999. And I was in Canada/US about 8 months ago. I looked at properties in Canada – Montreal and Ottawa. I also looked at some properties in the US on the Canadian border.
The places…[Read more]
yack replied to the topic have we done good in the forum Help Needed! 19 years, 6 months ago
<<<<it is tenanted for 250pw until 0805 >>
Do you reckon you can still get this rent when the lease is up? I have properties I have bought about 5-6 yrs ago for half this price and cannot get $250 rent.
Where is the property?
Good luck with it.
yack replied to the topic Currently in negotiations – PLEASE HELP! in the forum Help Needed! 19 years, 6 months ago
Only offer what you reckon its worth. If its a special deal and you reckon you can make good money on it in fimmediate uture eg. development site then offer more.
I reckon there is no hurry to buy. So wait a little. Wait for them to chase you. You got the cash, so your the king.
yack replied to the topic Unmotivated Partner in the forum No Subject 19 years, 7 months ago
My wife has started to respect property investing after reading the Book “The Good Earth†by Pearl S Buck. It was written in 1931 and we got our copy from the Library.
Anyone heard of this Book – its worth looking at. I would love to hear any other comments regarding this.
yack replied to the topic Unmotivated Partner in the forum Help Needed! 19 years, 7 months ago
I too have a disinterested partner who has now slowly turned the corner.
My wife has started to respect property investing after reading the Book “The Good Earth†by Pearl S Buck. It was written in 1931 and we got our copy from the Library.
It was listed on Oprahs Book list or something. My wife read it and suggested I read it as well.…[Read more]
yack replied to the topic does the ‘under offer’ sign have to go up? in the forum General Property 19 years, 7 months ago
I have no problem with advertising. All I am saying is that the sign should be removed from the property after its sold.
There you go again – telling me to grow up!!!!! Hardly objective just because my opionion differs from yours. There are no right or wrong answers here – just a discussion. Let me get my 4 yr old son – maybe you can tell him…[Read more]
yack replied to the topic does the ‘under offer’ sign have to go up? in the forum General Property 19 years, 7 months ago
Mono
I will move on – when I am happy to move on.
How about stopping your subjectivity?
Here are some of your annoying subjective posts –
“And besides, it doesn’t hurt anyone??? So get over it Yack”
“whether you or I like it or not, that’s just the way it is….MOVE ON!!!”
“Splitting hairs again Yack??”
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