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Thanks for the feedback Oracle, seems like a good plan. The stock that i've purchased recently was AFIC after it went ex div. I'm not sure if my calculations are correct (i'll post them below to get feedback) but i believe it may be trading at a small discount to asset backing. - AFI NTA...

Cheers Oracle. Also wanted to get peoples opinion about the dollar cost average. I currently have 140k and at 6k Per month would take 2yrs to invest. The reason why i am DCA is to minimize the chance of picking the top of the market. Wondering if people have any ideas RE the amount im...

Just another update, would like to hear some feedback. - Difficult to obtain further finance @ 90% LVR, broker can get 80%. - Have set my income goals at $55,000 after tax in todays money and indexed. - Time frame 12 Yrs from now - Venturing back into the shares field after exiting a few...

Yield on initial purchase price, if based on current bank vals 1.) 5.74% 2.) 6.50% 3.) 5.77% I'll probably be looking @ going interstate now. Land tax is -_-;;

Parts of that statement i agree with and parts i don't. Your talking about a margin call like a stop loss. You can put these risk mitigation tools in place yourself and not let the bank have as much control. On a personal note, i'm getting my finance in place to purchase another property...

Yeah thanks for the thoughts fellas. Sash, at the moment i'm paying around $2,700 p.a in land tax for NSW. At the moment in south west syd with relativly small effort you can purchase for 265-275k and rent 350pw so ranges from 6.86% - 6.61%. But if i purchase another one similar to what i've...

On the previous page i mentioned i've sold my share portfolio property LVR approx 80% (825k debt 1.02m val) Yield on propertys 1.) 6.75% 2.) 7.26% 3.) 6.37% i think the way i set out the initial post maybe confused people abit thinking the properties i have bought haven't grown in...

Was re-reading over the thread @ oracles comments in regards to building a bigger asset base. I'm going to go down this path, shares you can't highly gear safely. So i'll hit my broker up and see what my burrowing capcity is. Will have to start reading about resi property again lol. Will...

Did all the numbers, including all costs (including deducting the cost of my cash in the pot @ 7% interest for the duration) and profit was $13,350 (approx) or $667.5 per week for the duration and i got a hell of an education.

Just posting an update, hope for some comments. Flogged my share portfolio for a small profit after all holding costs (Circa 11-13k). This would have been abit higher, but i made some dud purchases recently (not that i think the stock at that price was a dud, but the market did lol). I've used...

Hi CE, Thanks for the feedback. Cashflow at the moment is fine, but with interest rates forecast to sky rocket obviously need to make sure ive got some stuff in the bank. This is my personal opinion but i believe Residential property is the wrong vechile for cash flow, i prefer shares...

Thanks for the continuing feedback everyone. Dazz - Trust me if i had the $$$ i would be purchasing comm property. I have 120k in funds avaliable and that doesn't really go far, Anything say under 750k in my experience hasn't really been worth looking at. Oracle - Yes i've been thinking about...

Thanks for the feedback Craigb. Yeah you are correct in saying that i haven't seen the bad times, well i have seen them but haven't experienced. I think sometimes to grow, you gotta be cautious and preserve the castle. Just plugged into my spread sheets 8% I/R on properties (currently paying...

I was writing down what i wanted to achieve from investing. The obvious goal is to have the freedom of choice to stay in the workforce or not and if i did to what degree (Fulltime or Part time). The excess cashflow would allow me to live nicely. Now were do i need to be financially to...

-I'll tell you the stamp duty one sec, just opening documents on PC that have it listed. $7,244 paid in Jan 09. - I geared 95% Cap LMI. (12.5k deposit) - Legals/B&P was $1818.50. - 4k repairs (new fencing/full interior repaint) I can't remember how much of the deal was funded by equity or...

Yeah i work very well by writing down my goals, to be honest i don't have the 5yr/10yr type ones. Something i will make sure to do. I have my yearly ones which go from July to July (Financial year, Eg Start July 2010 - Mature July 2011) and my over all goal (assets/income etc) Yeah i...

Hi Delta, - To be honest i haven't given much consideration to how a double dip recession in the US would impact my job. I work for the NSW govt in a fairly fundamental security type role. - Yeah i've considered prices staying on the side lines for abit, i think after a yr of pretty good...

Thanks Al To be honest i don't know what covered calls are. From the responses on this thread so far, i have written down things to look into and i will go on the ASX website and research CC's. Hi Random, I think the debt picture can paint the wrong story. Please note that since i...

G'day Folk, I've got a problem and i read somewhere awhile ago if you got a problem tell as many people as you can and someone will have a solution. Here is the story Property Portfolio Value: $1.04m (3 houses) Debt: $955k LVR: 91.8% (tripple 95LVR + LMI capped loans when...