Adelaide: losing the faith

[Fester]

Duncan, you are magic! It was mainly the web addresses I was after ... Thanks

 

[Flex]

I used Rawlinsons a few years ago for a couple of Villa's I have in Unley. I was happy with the results, and the price was quite reasonable.

Kind regards

Flex

 

[sharon]

reply to Dr Bob

Hello,
I wonder why did you choose to buy negative egaring property as it cost you money from the beginning??? I thinnk we invest in RE to make money not to lose money
regards,
Sharon

 

[duncan_m]

Re: reply to Dr Bob

Originally posted by sharon
Hello,
I wonder why did you choose to buy negative egaring property as it cost you money from the beginning??? I thinnk we invest in RE to make money not to lose money
regards,
Sharon

I see you just read Rich Dad Poor Dad.. yet another faithful convert religiously trotting out the faith.

Duncan.

 

[Fester]

Sharon, just because a property is negatively geared doesn't mean it is not cash flow positive. I have a couple that are -ve geared and about $50 per week cash flow positive.

 

[sharon]

negative gearing

hello
i think we have different idea about positive cash flow properties then
I hope that tax law will not be changed for years to come so that we will be all benefit from RE.

all the best with your REI

Regards,

Sharon

 

[XBenX]

i cant see a govt committing suicide twice.....

 

[duncan_m]

Originally posted by XBenX
i cant see a govt committing suicide twice.....

Indeed, make hay whilst the sun shines.. it wont happen any time soon and the current laws are a gift horse..

Duncan.

 

[Jas]

Originally posted by XBenX
i cant see a govt committing suicide twice.....

I can. Politians can be real stupid at times.

Jas

 

[Brenda Irwin]

Dr Bob, Since you have some good equity there why not keep the unit & find something cheap in the outer outer suburbs with good cashflow return. Don't expect great capital gain but you already have that in the unit. Hubby & I have done this many times (couple a cheapies then a dearer one with better equity) this year alone!
Cheers from Brenda Irwin

 

[Dr.Bob]

Re: reply to Sharon

Originally posted by sharon
Hello,
I wonder why did you choose to buy negative egaring property as it cost you money from the beginning??? I thinnk we invest in RE to make money not to lose money
regards,
Sharon

Thanks for the reply Sharon,

I did by an IP to make money, (for my retirement) and felt that a small weekly loss could be viewed as forced savings. Considering the recent capital gains this has payed off and I was hoping to get some feedback on the local market from the more experienced property investors on the forum. I must admit that the feedback to this post has stopped any thoughts of selling!

Regards Dr.Bob

 

[sharon]

Hello Dr Bob,
i think we do have different ways to structure our investment plans
it is good to hear from other people experience, however I think as investors we need to educate ourserlves as well.
I think we all learnt to walk before we run , right
all the best with your investments
Sharon