NSW Just sold my IP

Discussion in 'Where to Buy' started by Darlinghurst Boy, 14th Jul, 2016.

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  1. MTR

    MTR Well-Known Member

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    my guess is 60-70%+? on this forum, most count their profits and they have not actually realised net profits
     
    MTR, 14th Jul, 2016
    #21
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  2. larrylarry

    larrylarry Well-Known Member

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    But isn't that dependent on ones strategy? Some pile up loans and some sell down to pay off loans. The end game for each person is different.
     
    larrylarry, 14th Jul, 2016
    #22
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  3. MTR

    MTR Well-Known Member

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    Nothing to do with the strategy.
     
    MTR, 14th Jul, 2016
    #23
    barnes likes this.
  4. Mumbai

    Mumbai Well-Known Member

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    We have not tied his hands. Freedom of speech..rather type ..exists
     
    Mumbai, 15th Jul, 2016
    #24
  5. Mumbai

    Mumbai Well-Known Member

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    It is to do with the strategy .
     
    Mumbai, 15th Jul, 2016
    #25
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  6. willair

    willair Well-Known Member Premium Member

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    Well done,50k is 50k some people will say it's not fair,but that's the reality of buying property short term,some people hold for 5 years and still make zero,and once you get a good Accountant you can turn that 50k into 100k even faster..imho..
     
    willair, 15th Jul, 2016
    #26
    JohnPropChat, Perthguy and MTR like this.
  7. Greyghost

    Greyghost Well-Known Member

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    You all are baited so easily..
    All DB needs to do is write one post and sit back for a day and there is 20+ replies every time..

    None of your posts (bar ones in defence of DB - which also would not be needed if no members wrote garbage) are needed..

    Ask a question if that's what you are genuinely curious about.

    Yes our posts are open to scrutiny, but some members here wait with baited on posts by particular members.
     
    Greyghost, 15th Jul, 2016
    #27
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  8. Azazel

    Azazel Well-Known Member

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    A pattern is emerging...
     
    Azazel, 15th Jul, 2016
    #28
  9. MTR

    MTR Well-Known Member

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    Really, I think it just makes a nice change from all the current spruiking, there is only so much you can take in one day.:p

    I particularly liked the temple thread, I thought that was fun, fullylucky? he was possibly taking the **** but at least it was entertaining.
     
    MTR, 15th Jul, 2016
    #29
  10. Azazel

    Azazel Well-Known Member

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    At least it was entertaining.
    What's the other ones feature?
     
    Azazel, 15th Jul, 2016
    #30
  11. MTR

    MTR Well-Known Member

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    not sure what you mean?
     
    MTR, 15th Jul, 2016
    #31
  12. Azazel

    Azazel Well-Known Member

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    At least fullylucky is entertaining.
    What's this ones redeeming feature?
     
    Azazel, 15th Jul, 2016
    #32
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  13. Tekoz

    Tekoz Well-Known Member

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    Yes it is, hence it is doing good so far. Not listed in the over supplied suburbs or high investor area.

    The future outlook is good.
     
    Tekoz, 15th Jul, 2016
    #33
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  14. Steven Ryan

    Steven Ryan Well-Known Member

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    $50 ain't bad :)

    How do the numbers look after CGT, agent fees etc?
     
    Steven Ryan, 15th Jul, 2016
    #34
  15. markson

    markson Well-Known Member

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    That's the million $$ question everyone is waiting for. But no reply
     
    markson, 15th Jul, 2016
    #35
  16. hash_investor

    hash_investor Well-Known Member

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    i like investor areas :)
     
    hash_investor, 15th Jul, 2016
    #36
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  17. ellejay

    ellejay Well-Known Member

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    Yes, great for low rents and falling prices if the economy dips :rolleyes:
     
    ellejay, 15th Jul, 2016
    #37
  18. hash_investor

    hash_investor Well-Known Member

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    rents are lower in OO areas anyway regardless of economy dip or no dip
     
    hash_investor, 15th Jul, 2016
    #38
    Tekoz likes this.
  19. Mumbai

    Mumbai Well-Known Member

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    Still no response @Darlinghurst Boy ?
     
    Mumbai, 31st Jul, 2016
    #39
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  20. MTR

    MTR Well-Known Member

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    I am not too worried about tge exact number, but it's not too hard to work out an approx worst case/best case on $50k profit, guestimate - 35k, best case scenario, 2% selling and 50% discount @ 30% tax cap
     
    MTR, 31st Jul, 2016
    #40
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