All Topics / General Property / $$$ Flow Positive Stories!!!

Viewing 20 posts - 21 through 40 (of 74 total)
  • Profile photo of Still in SchoolStill in School
    Member
    @still-in-school
    Join Date: 2003
    Post Count: 1,844

    Hey Julian,

    where abouts in sydney are you based, im also around your age (im 21[:D])and also are you by any chance an accountant or is someone in your family one, just the words you used in one of your posts, was an accountants expression.

    cheers
    s.i.s

    Save on a regular basis
    “People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

    Profile photo of xyzzyxyzzy
    Participant
    @xyzzy
    Join Date: 2003
    Post Count: 178

    Building an IP now …

    Land $ 4k
    Building $ 136k
    Cost $ 140k

    Valutation $ 185k
    For sale at $ 185k
    Nett proceeds if sold $ 178k

    Return if sold 27% in six months

    OR rent it out at $ 220 per week

    Annual income of 11,440 or gross yield of 8.17%

    Borrow the lot (76% LVR) I/O 5 years at 6.7 % interest $9380.

    Cash for rates, agents fees etc $ 2060. One would hope no maintanance on a new property!

    And all that yummy, yummy depreciation!

    Cash on cash return infinite as no cash involved!

    Profile photo of EternityEternity
    Member
    @eternity
    Join Date: 2003
    Post Count: 29
    Quote:
    Hey Julian,

    where abouts in sydney are you based, im also around your age (im 21[:D])and also are you by any chance an accountant or is someone in your family one, just the words you used in one of your posts, was an accountants expression.

    cheers
    s.i.s

    I live in south-west sydney, I hope your not thinking that I’m a chick mate… haha!

    Julian is a guys name.

    Profile photo of Still in SchoolStill in School
    Member
    @still-in-school
    Join Date: 2003
    Post Count: 1,844

    lol, sorry Julian, i honestly thought you were a chick, my mistake and apologies…well people i guess ill be gone away from here for the next few days.

    cheers
    s.i.s

    Save on a regular basis
    “People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

    Profile photo of westanwestan
    Member
    @westan
    Join Date: 2002
    Post Count: 1,950

    good one guys[xx(]

    just lucky to find out before you meet for a secret date, now that would have been a laugh.[:I]
    i remember a friend about 20 years ago didn’t find out his Pick up was a Bloke till after they kissed. My mate used to drink a lot but that’s real bad, would have been enough to turn me off alcohol for ever.
    regards westan

    Profile photo of EternityEternity
    Member
    @eternity
    Join Date: 2003
    Post Count: 29

    Keep the stories coming!!!

    Regards

    Julian

    Profile photo of BEAR1964BEAR1964
    Participant
    @bear1964
    Join Date: 2003
    Post Count: 702

    Hi Julian

    How about u tell us about some of your experinces looking for +ve propeties? How many u have found? Have you purchased any of them? If not why not? If so tell us about them?

    Regards Bear

    Profile photo of EternityEternity
    Member
    @eternity
    Join Date: 2003
    Post Count: 29

    Thanks for your reply bear,

    To be honest, I have only been in the +CFP market for two weeks, I am learning as much as I can ATM and I have a short term goal to secure my first +CFP by the end of January.

    I feel like there is alot of researching and ‘Due Diligence’ to be done on my part before I jump in.

    So its new/exciting/scary for me at the moment.

    Sorry no exciting stories from me yet. But you will hear of them as I progress with my journey.

    Cheers, Julian

    Profile photo of BEAR1964BEAR1964
    Participant
    @bear1964
    Join Date: 2003
    Post Count: 702

    Sounds like you are on the right track.

    Have you found any to date and not purchased due to the fact you using it purley as a excersise at this stage? Or u just havnt found any yet?

    Regards Bear

    Profile photo of EternityEternity
    Member
    @eternity
    Join Date: 2003
    Post Count: 29

    I have came accross maybe 5 or 6 in my searches, but have not gone in depth with them because they did not stand out to be great deals.

    And also it felt like I found them too easily and thought “I better not just jump on this because there may just be a reason why it is so cheap” Like its a bad area, or something like this.

    So still looking…

    I think every deal has to be taken very seriously so that the “perfect deal” can be created every time.

    Cheers

    Profile photo of JetDollarsJetDollars
    Participant
    @jetdollars
    Join Date: 2003
    Post Count: 2,435

    Property 1
    1. Purchased in March
    2. 58k
    3. Buy and Hold
    4. $110pw
    5. due to 100% borrow plus closing ie. 106% => neutral
    6. current value 95k

    Property 2
    1. Purchased in March
    2. 63k
    3. Buy and Hold
    4. $130pw
    5. due to 100% borrow plus closing ie. 106% => 10 to 20 CFP pw
    6. current value 105k

    Kind regards

    Chandara
    [Keep going, you’re nearly reach the end of financial freedom]

    Profile photo of JetDollarsJetDollars
    Participant
    @jetdollars
    Join Date: 2003
    Post Count: 2,435

    Julian,

    I also live in South Western Sydney.=> St Johns Park

    Kind regards

    Chandara
    [Keep going, you’re nearly reach the end of financial freedom]

    Profile photo of JetDollarsJetDollars
    Participant
    @jetdollars
    Join Date: 2003
    Post Count: 2,435

    Mini,

    Do you live in Australia or New Zealand?

    I know you bought a lot of IPs in NZL.

    Kind regards

    Chandara
    [Keep going, you’re nearly reach the end of financial freedom]

    Profile photo of EternityEternity
    Member
    @eternity
    Join Date: 2003
    Post Count: 29

    Chandara,

    May I ask where you purchased your two IP’s?

    Mini lives in sydney.

    Cheers

    Profile photo of GavinGavin
    Member
    @gavin
    Join Date: 2002
    Post Count: 42

    Westan,

    Better tell your mate to do a check for an Adam’s apple before he does any more smooching.

    regards

    Gavin

    Profile photo of BEAR1964BEAR1964
    Participant
    @bear1964
    Join Date: 2003
    Post Count: 702

    quote:


    I have came accross maybe 5 or 6 in my searches, but have not gone in depth with them because they did not stand out to be great deals.

    And also it felt like I found them too easily and thought “I better not just jump on this because there may just be a reason why it is so cheap” Like its a bad area, or something like this.

    So still looking…

    I think every deal has to be taken very seriously so that the “perfect deal” can be created every time.

    Cheers


    Yes Julian, that’s good thinking, but then why not investigate further? U could be missing out on the deals of the century?

    Regards Bear

    Profile photo of melbearmelbear
    Member
    @melbear
    Join Date: 2003
    Post Count: 2,429

    Julian, I agree with Bear.

    In fact, there’s a thing that Dolf de Roos does at his seminars, where he holds up a $100 note says, ‘Who will give me $50 for this?’. People put up their hands saying ‘I will’ (although not all did), and eventually one guy gets up and runs down the front, gives dolf the $50, and gets the $100.

    When asked why others did not do the same, some of the replies were ‘It sounded too good to be true!’ Or ‘I thought you were having a lend’.

    I think you’ve just got to keep at it, and if it sounds too good, look a little closer, and if it is too good – GRAB IT!

    Cheers
    Mel

    Profile photo of muppetmuppet
    Member
    @muppet
    Join Date: 2003
    Post Count: 900

    Hi Chan

    Mini is a New Zealander living and working in Australia.

    Regards

    Profile photo of annaw2annaw2
    Participant
    @annaw2
    Join Date: 2003
    Post Count: 178

    Hi Julian,

    Our best house purchase
    2001
    $80,000
    Buy & hold
    $170pw rent
    10% deposit
    Value $220,000

    Two others 2002, for $129,500 and $130,000
    Both buy & hold
    Rents $220pw & $190pw
    100% borrow
    Value $230,000 % $220,000

    Several units bought this year, purchase prices $55,000-$60,000, rents $120-$135pw f/furnished.

    Anna

    Profile photo of EternityEternity
    Member
    @eternity
    Join Date: 2003
    Post Count: 29

    Thanks very much Anna,

    Congratulations on your success!!

    Anybody else have some “UNITS” that are performing as well as Anna’s?

    I remember maybe 6 months ago comming accross a unit in Canberra that was for sale at $55,000 and was renting for $120 per week. At the time (before reading Steve’s book) I thought wow this is excellent. But my mistake was to listen to the people who I told about the deal that said “Canberra will go no-where” and “I won’t get any growth there”. But now-a-days I would look a lot further into the deal.

    Keep the posts coming!!

    Thanks, Julian.

Viewing 20 posts - 21 through 40 (of 74 total)

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