All Forum Posts by: Helen Rolls

Hi Lisa.

I am just getting started out, I rent my house out in Melbourne while I live and work in Sydney. I'm deeply into education right now :).

Cheers,

Helen

 Hi Lisa.  

I am just getting started out, I rent my house out in Melbourne while I live and work in Sydney.  I'm deeply into education right now :).

Cheers,

Helen

 Hi Lisa,

Great to see another Aussie on here. Welcome.

Cheers,

Helen

 Hi Yolanda.  

Welcome to BP. It's great to see fellow Aussies on here :).

Cheers,

Helen

 Hi Brent.

Thanks for your input.  What is your experience with negative gearing?  I have found it quite useful for offsetting my HECS debt which I acquired before I realised that paying up front was much more effective.  Essentially painting a wall of my house will offset my remaining tax debt and some capital gains from some shares I sold this year.  Either I can spend $2K on the HECS this year or paint the wall (which desperately needs it), pay for that and offset the HECS.

Frankly, I'm not interested in negative gearing but there is something to be said for a history of house values consistently doubling over a 10 year period in this country in the major cities.  My home in Melbourne tripled in that time and has stagnated somewhat over the last five or so.  It would help if I did something with the front yard...

Over the last 10 years I have looked for experts, financial advisors, mortgage brokers... I've either been burned and/or disappointed.  I will keep plugging away.

Cheers, Helen

Thanks Jay. I was trying to remember what they were called. I signed up a few weeks ago, and then I don't seem to be getting any emails from them, I forgot what they were called.  They are called propertychat now. There is a thread on there, but it's not very helpful... Although, there's no haters on it.  The site is not nearly as user friendly as BP.  Trawling through forums is a pain, I'd rather follow forums and set alerts like I can on here.

 Hi Don.  Thanks for responding.  To me, 10 houses in 10 years is mind blowing.  But then how cheap housing in the US is also mind blowing to me.  This is one aim, another is to be earning $100K p.a. in passive income by the end of that period.  The strategy takes our ability to negative gear into account but also balances with positive cashflow.  Since I'm working full time, negative gearing and reducing my tax burden makes sense.  I already do this with my home in Melbourne to a degree.

Frankly, I'm stuck on where to start, how to start, how to find the right people to be on my team, what I can do with the equity and cashflow that I currently have, and how not to hamstring myself from being able to build the next deal.  These guys promise they can help with that.  I find the offering appealing, particularly since their model is investing in Australia. But since I know of no one who has used them (and I don't really know anyone personally who is successfully investing here) I'm a bit hesitant.  I'm naturally cautious by nature but I don't want to be impulsive in this because I do find it appealing and regret it later.  

Cheers, Helen

It would be great to chat to you Engelo and get your take on investing here and in the US.  We could work around your schedule. (Might make it easier to pick a date!) :)

 I believe it is primarily in Australia.