Reply: 2.1.1.2.2.1.1.1.1.1.2
From: Peter Henery
Re Jakk's rules...
Firstly Jakk, thanks for the insight, (having roamed around Jan's forum and seeing some of Jakk's other posts I thought something more "colourful" may have ensued! ...like, maybe "penthouse construction/erection"....).
One comment...I have found that those properties that you have to "feed" the most are usually the ones that produce the very nice capital gains. For investors starting off who can afford a bit of negative gearing that seems to accelerate the creation of wealth.
I agree totally with the 80% max loan, under the "if the shit hits the fan rule" .
You always need to be able to "pack your tent and join the arabs" with your skin intact.
With your sizeable land-tax bill, if you enjoy paying that one then you definitely have some warped gene's Jakk! (Somehow,I dooubt that this is a surprise!)Venture into another state ! It works ! The stuff goes up in value just the same.
I enjoyed your post immensely. Keep that wonderful sense of humour cooking !
Regards
Peter H.
PS Sorry for delay in reply,been on holidays.
From: Peter Henery
Re Jakk's rules...
Firstly Jakk, thanks for the insight, (having roamed around Jan's forum and seeing some of Jakk's other posts I thought something more "colourful" may have ensued! ...like, maybe "penthouse construction/erection"....).
One comment...I have found that those properties that you have to "feed" the most are usually the ones that produce the very nice capital gains. For investors starting off who can afford a bit of negative gearing that seems to accelerate the creation of wealth.
I agree totally with the 80% max loan, under the "if the shit hits the fan rule" .
You always need to be able to "pack your tent and join the arabs" with your skin intact.
With your sizeable land-tax bill, if you enjoy paying that one then you definitely have some warped gene's Jakk! (Somehow,I dooubt that this is a surprise!)Venture into another state ! It works ! The stuff goes up in value just the same.
I enjoyed your post immensely. Keep that wonderful sense of humour cooking !
Regards
Peter H.
PS Sorry for delay in reply,been on holidays.
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