All Topics / The Treasure Chest / Where to start??

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  • Profile photo of MackazMackaz
    Member
    @mackaz
    Join Date: 2003
    Post Count: 0
    August 25, 2003 - 2:37 am

    I just recently got a new job and will be earning a considerable amount more per week. It is going to give me an extra 350 a fortnight for investing?

    Can anyone suggest the best way to get into investing with this extra money?

    What do people think of the idea of car spaces for sale in melbourne?

    Thanks Heaps

    Chris

    Profile photo of ajwansajwans
    Participant
    @ajwans
    Join Date: 2002
    Post Count: 45
    August 25, 2003 - 2:50 am

    Start by saving a deposit, even a car space
    will set you back $30-45K (from what I’ve
    read.)

    A car space will be a pure cashflow play I
    would think, so you just have to do the
    numbers.

    Gross yield – management – taxes – interest
    has to be enough to give you a positive
    cash flow worth your time. Otherwise find
    somewhere else to invest.

    andy

    Profile photo of DanTheManDanTheMan
    Member
    @dantheman
    Join Date: 2003
    Post Count: 100
    August 25, 2003 - 12:45 pm

    There are 2 schools of thought… +ve and -ve gearing. Personally, I subscribe to the +ve gearing. ie. I want to make a profit on all my investments from the outset. If you were the same, the only advantage to the higher income fro investing purposes would be to save more deposits, hence get more properties.

    If you were into -ve gearing, you would obviously be able to afford more -ve cashflow with your higher income hence more properties.

    Dan.

    If you want an extraordinary life you have to be prepared to do things that ordinary people aren’t prepared to do.

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