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One phonecall gets 600% return; Easy money for those that can.
Topic Started: 17 Sep 2015, 09:06 AM (3,712 Views)
Massive
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Frank Castle
17 Sep 2015, 05:55 PM
You're right
Its a 566.6% ROI
My bad.

Posted Image

add: forgot the .6
You are deferring the cost...
Its a great way to get cash flow, but you are 6k + $6/month in the hole for the sake of $40 extra a week. It will more than 3 years to regain your capital whenever you decide to pay down the principal

I wouldn't call it 600% roi at all.. Unless the paint job somehow increases your net return to $36,000

If you sell for capital gains in the future it's 6k - $34/month off your take home amount .. Again 3 years

The paint will pay for itself if held for a few years with that rental rate secured and no further changes , but 600% roi?

Now if it increased your sale value by $36k..... But you'd have to realise that amount before next round of maintenance comes along .
Edited by Massive, 17 Sep 2015, 10:53 PM.
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The Whole Truth
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At least fwanks holiday in Nam is still covered, you have to pay those timeshare costs regardless don't you fwank. A coupkle of turds on the gold cost tried to sell me timshare in the 80,s I ate their free dinner and walked with the other 99% of the prospects. Was that you I saw back then fwank, the last one stuck in the sales room, signing up to a lifetime scam?
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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Rastus2
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Frank Castle
17 Sep 2015, 04:44 PM
Maths fail for you.

$6k is about $6/week
That's $312/year leaving $1768 for me.
Not bad for 5 minutes work , I'll make a few more phone calls soon :bye:

.
Nope, every 10 maybe.
Good tennants mostly so no need.
Your op stated you slent $6,000 tk fix up the place


So either you spent $6,0000 thjs year to fix it up, or you are making up stories

$6 per week... how do you get that maths if you actually spent 6k now ??
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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The Whole Truth
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See fwank, everyone hates you now.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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Massive
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Rastus2
17 Sep 2015, 10:42 PM
Your op stated you slent $6,000 tk fix up the place


So either you spent $6,0000 thjs year to fix it up, or you are making up stories

$6 per week... how do you get that maths if you actually spent 6k now ??
He drew the capital from his interest only loan and is only counting the interest payment as cost
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Rastus2
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Massive
17 Sep 2015, 11:00 PM
He drew the capital from his interest only loan and is only counting the interest payment as cost

Wow, thats some stupid accounting :bl:
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Frank Castle
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Business As Usual

Rastus2
17 Sep 2015, 11:11 PM

Wow, thats some stupid accounting :bl:
$6 spend returns $40, whats stupid about that?


Massive
17 Sep 2015, 08:57 PM
Unless the paint job somehow increases your net return to $36,000

Pretty sure average Joe or a valuer would say that the house that looked rough around the edges and had damaged skirtingboards, shot carpets, walls that were marked with worn paint, broken venetians and worn curtains would be priced less than one that presented as near new.

Pwetentious twats that want it all now cant be seen buying something that's less than shiney

I regularly see houses with this sort of cosmetic work selling for $50k or more under ones that have been freshened up.

Edited by Frank Castle, 18 Sep 2015, 06:56 AM.
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The Whole Truth
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Just goes to show that the valuers are still willing to make reckless loans. But the thing I don't get is why do you need to loan in the first place, with all that YIELD pouring in over the last few years? I mean $6000 is nothing, I'd probably have that much laying aroind in my safe.

Could it be that the yield is not what it's trumped up to be...
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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Ex BP Golly
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Freshened up by a good stiff breeze blowing away all the asbestos liability. That saves a bit....lol.

At least we now know you have hinged your investment strategy on the interest only repayments scenario.

Cheers for the fWank.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Frank Castle
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Business As Usual

Ex BP Golly
18 Sep 2015, 07:45 AM
At least we now know you have hinged your investment strategy on the interest only repayments scenario.

You dont know shit :re:

Only some are on IO
Others are unencumbered and are the ones we live off of.
That property is on P&I and all spare funds are diverted into it to smash the debt down until it joins the unencumbered pile
Rinse and repeat.

I could have paid cash, we have near $100k in fun tickets sitting there doing nought but I keep our fun tickets 100% separate from the investment/business and use the available credit on the investment/business loans to pay for investment/business expenses

I have mentioned this more than once - do try to keep up.

Ex BP Golly
18 Sep 2015, 07:45 AM
Freshened up by a good stiff breeze blowing away all the asbestos liability. That saves a bit....lol.

Relatively new builds - no asbestos in them dummy
Edited by Frank Castle, 18 Sep 2015, 08:27 AM.
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