Im with Jack on this.
Im only leveraged 20% with cash in the bank, and I cannot find anything really worth buying when you consider the world economy.
I hope you are right regarding the big recession com
EngeloRumora | Ohio Cashflow
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I hope you are right regarding the big recession coming, I wouldnt mind another crack at BHP for $20 and CBA at $25 a share hahaha
EngeloRumora | Ohio Cashflow
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Hi all
I love active topics. Engelo mate im glad to see you having a crack. Im 27 and have done very well from property. I bought a small business and every one said nah its to risky or bad timing. Im working very hard to keep my business going in fact I work some where else and my fiance runs the store. If you do some thing wrong or the property values go down who cares. Your giving it a shot and that counts.
You only fail if you don’t try.
But I must agree you might of bought the property under 20k market value but if you bought it for that much then that’s what the house is worth. There are alot of empty properties and rent has dropped a bit as well.
Just keep in mind rates, insurance, elec and gas water and cost of maintance have been going upBtw keep it up
Jpcashflow | JP Financial Group
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engelo10 wrote:I hope you are right regarding the big recession coming, I wouldnt mind another crack at BHP for $20 and CBA at $25 a share hahahaWhat’s the old saying “ignorance is bliss”. You have absolutely no idea what’s coming do you. I wouldn’t be worried about buy shares if I was you. You won’t be able to buy a bag of popcorn when this is all over.
Jack
Thanks johan22, I’m 23 so lots if time to make up for any mistakes, hopefully not many haha. If we have another correction I see it as another buying opportunity be that shares or property. I still hold some stocks but have found myself in property due to being able to renovate run down properties very cheaply through the interior fitout business I also run. We shall see how things go over the years. I will definetly keep plugging away.
Engelo
EngeloRumora | Ohio Cashflow
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Good on you, Engelo! Even if all you did was buy one property every 10 years, you'd be ahead of the pack!
Jacqui Middleton | Middleton Buyers Advocates
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Jacky, what do you suggest we all do If the world is coming to an end? Should I build a bunker and stock up on cans of beans? How long until this coming crisis will happen? I’ll stock up on popcorn now also hahahahaha
EngeloRumora | Ohio Cashflow
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Thanks jacM
EngeloRumora | Ohio Cashflow
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Oh look seriously engelo, the world itself is not coming to an end, but a strange phenomenon is going to occur and suddenly everyone will want to live on the street. even in winter. yes, it's true. so your investment properties will be all for naught i'm afraid. hahah!
I know all this and I also know the number that are going to come up in the Tatts this Saturday.
Property is a goer, always has been. You almost cannot go wrong so long as you are not greedy.
Jacqui Middleton | Middleton Buyers Advocates
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Hahahahahaha jacM,
Ohhhh no that’s terrible, what should I do now? I know, I am going to buy a nice warm coat for those cold winter nights on the street with my popcorn that I have started to stock up on now hahhahahahahaEngeloRumora | Ohio Cashflow
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You're going to need a tent. Perhaps from KMart. That's the way forward. Everyone can live permanently in tents hehe.
Jacqui Middleton | Middleton Buyers Advocates
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Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
In fact I'm going to write to the government and suggest they stock up on KMart tents too. Because that is how you win elections. Provide housing for your people in the form of tents. Yes. That wins votes.
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
JacM wrote:You're going to need a tent. Perhaps from KMart. That's the way forward. Everyone can live permanently in tents hehe.
I've got a big backyard – I'll only charge $10 per tent
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
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Jamie M wrote:JacM wrote:You're going to need a tent. Perhaps from KMart. That's the way forward. Everyone can live permanently in tents hehe.
I've got a big backyard – I'll only charge $10 per tent
Cheers
Jamie
Case in point. Land is king!!!!
Jacqui Middleton | Middleton Buyers Advocates
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Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
engelo10 wrote:Jacky, what do you suggest we all do If the world is coming to an end? Should I build a bunker and stock up on cans of beans? How long until this coming crisis will happen? I’ll stock up on popcorn now also hahahahahaI think you have the wrong disaster scenario there Engelo. You can hole up in one of the several empty IP’s you own. Oh no, that’s right the bank repossessed them.
I see this is turning into the idiots corner. <moderator: delete personal comment>
Have fun boys. I've got better things to do.
Well you guys can sleep in tents im off to the caves of coober pedy(check it on re.com.au) its the Palazzo Versace compared to your tents hahahaha
Jacky come on grumpy have a laugh with us.
Did I mention popcorn in coober pedy, lots and lots of popcorn.
EngeloRumora | Ohio Cashflow
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Haha, I've been away too long! What a laugh!
The tent thing! Hilarious!
The big recession probably is coming, for America, since they spent all their money on rubbish like bombs. Can't eat those.
Australia will cop it to unless we start building some major infrastructure and create new jobs and industry.
Keep swimming, even when it gets tough in property YOU WILL NEVER LOSE ALL OF YOUR MONEY. Unlike shares, where you can get wiped out overnight.
Keep up the good work people as even having one or 2 investment properties that are roughly paying for themselves puts you ahead of the game.
Cheers
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email MeEngelo 10,
Do you live at home with parents or do you live in your own home….. I think no one has brought up this point?
Mate once you move out your going to need a bit more just to pay the bills, debt, food and other expenses.
As for a big rescession mate where 100% heading in that direction. We organise all the importing for alot of the big giants and there about 60% down from last year.
Also engelo have a look at real estate.com and look at rent prices over the next 6 month there all heading down.
Jpcashflow | JP Financial Group
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Email Me | Phone MeYour first port of call in finance :)
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