Initial purchase price $ 90,000-- 1996
Rent return $17500 a year. $ 19.4%/yr
Not to mention the 400% capital gain.
Oh and that's one of them.
Best one returns 23% is owned by my superfund.
Banks love house equity for collateral.
This is where I stop.
Going any further is way beyond the capacity for
The original poster to comprehend let alone
Understand.
Initial purchase price $ 90,000-- 1996
Rent return $17500 a year. $ 19.4%/yr
Not to mention the 400% capital gain.
Oh and that's one of them.
Best one returns 23% is owned by my superfund.
Banks love house equity for collateral.
This is where I stop.
Going any further is way beyond the capacity for
The original poster to comprehend let alone
Understand.
Why would you do that? Considering that in order to shift to another income stream (into another asset class) you would need to first pay capital gains tax, agent's fees, legals fees, and all those sorts of things. I would say at the very least you would calculate the yield at the net realisable value after costs.Yield is not calculated on a historic price, but on the current market price. This is done for reasons which should be very obvious to you.
Yield is not calculated on a historic price, but on the current market price. This is done for reasons which should be very obvious to you.
Pure crap because you haven't sold it yet which you should do and take your money off the table.
LOL WayneL ...... Big diffference from building 200 apartments in Spain compared to knocking up a strata title 10 unit development in a safe as suburb !! Or putting a speccie on the market in a well heeled division with proven sales evidence !!
Exactly.
However the <30 yr old armchair economists with < a deposit to buy a car who havent been to Europe or US let alone developed anything bigger than a cold---know better---err profess to know better.
You want a 200 apartment building? Go to Richmond. There are at least 4 multi-unit apartments going up there within a 2km radius
Which economists are you talking about?
The Economist magazine?
Marc Faber?
Even Glenn Stevens has warned about reckless investing in the RE market
But hey, I guess you would know better since you made your millions in property...
Can't you make your point without being so unnecessarily rude?Pure crap because you haven't sold it yet which you should do and take your money off the table.
no bigger than assuming it will continue to go up jsut ebcause it has in the past
That's fine, but obviously my question was aimed at the traders.
You know the answer to the above, TS/Why dont you try answering a few questions yourself for a change.
Like how much experience you have in property and why dont you post up ypur trades Mr. "I never lose and it is easy"
Banks love house equity for collateral.
This is where I stop.
Going any further is way beyond the capacity for
The original poster to comprehend let alone
Understand.
Simply a cost of doing business.
We just claim it.
Just as we pay for brokerage slippage and tax.
Cost of doing business.
Something you'll understand when you actually DO SOME!
Show me where I have said this ridiculous statement please or are you trolling as well?
For the last time, a negative view on property is absolutely no reflection of character or work ethic. I guarantee you I work just as hard as you do(and for alot less money)so dont go making personal assumptions.
Both you and train think you're the bees knees of Re investors. I hope like all good business men your business model has acknowledged a crash is possible and you have a strategy to cope with a real crash.
I'm poised and ready to jump in at any moment. And could jump into something in a month. Are you ready for a crash? You will both most likely 'sit on the sidelines' as your portfolio falls by 30%+ as your views are far too stubborn n biased. Unlike you both I can accept I may be wrong.
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