Vic Wasteland Thread

[UNR33L]

110kw hub dyno stock = like 80rwkw right?

the 2.3l turbo mustang will compete when it eventually comes here

Edited June 19, 2015 by UNR33L

[Anfanee]

I'm surprised more of these guys aren't doing the supercharger or turbo conversions; that chassis has so much potential as a track car

Must be too new for people to want to risk their engines lol

Bingo, warranty claims.

When they start going out of warranty we will see more and more mods.

110kw hub dyno stock = like 80rwkw right?

the 2.3l turbo mustang will compete when it eventually comes here

This^^

[Anfanee]

Honestly the Toyota 86 is a very boring car to drive

[HEKT1K]

heard ric once paid a bitch 2.25mil to suck his dick...

You heard wrong

She in fact paid me

[Mohsen]

i didnt know mad082s wife had that much money.....

[Birds]

saw some article posted on fb about this 24 year old havng like 4 houses worth 2.3mil, from a 'rich family' but no handouts were given, yet shes earing 55k a year.

Yeah right LOL.

She was going on about how anyone can do it etc.

http://junkee.com/sydney-property-market/59596

That's a good article and picks her case apart well.

Why do people think they are 100% in charge of their fates and opportunities from the get go? You can't help what you're born into and no one can say they did everything on their own, so you shouldn't take 100% credit either or project your own successss onto others who have had a very different first 18-20 years of their lives. That bitch had her parents flying her on overseas trips 20+ times...she had nothing else to save/spend her money on other than a house deposit.

Also, with real estate investors, just like pro gamblers, Wall Street, start up ventures and your mate who won the trifecta at the Melbourne cup...you only hear about the successful, rarely the failed. Someone has to win and someone has to lose and there's often a hell of a lot of luck involved in that.

[joeyjoejoejuniorshabadoo]

I get 10L per hundred from e85 in the Evo, on the open road. Pretty good, but I doubt you will get that with the V8.

HOW ? lol

[joeyjoejoejuniorshabadoo]

saw some article posted on fb about this 24 year old havng like 4 houses worth 2.3mil, from a 'rich family' but no handouts were given, yet shes earing 55k a year.

Yeah right LOL.

She was going on about how anyone can do it etc.

http://junkee.com/sydney-property-market/59596

what a load of shit....

she made a few poionts on how to do this... gimmie 5 i'm going to look into them,

[HEKT1K]

Downhill only lol

[Kinkstaah]

HOW ? lol

I also will get this in my RB, but we're talking literally 100% of the tank driven on a highway doing 100kmh... in an auto (which is worse than manual)

[UNR33L]

wait borrowing $450k she says it's only $1600 a month repayments? I borrowed like $380k or something and paying like $1900 a month.. ?

[Birds]

Term of loan brah

[joeyjoejoejuniorshabadoo]

You can buy with a deposit ranging from 5%-20% or more plus costs, so if you bought with a 5% deposit plus costs on a $500,000 unit this would mean you would need approximately $49,0000 of which the repayments would be $1,647 per month principal and interest.

$1647 per month P&I on $490k over 30 years would require an interest rate of 1.31% with no fees or other charges.

There are longer terms (40 year) but very few banks do them - even then the rate would have to be 2.62%

And while Miss Brennan admits her family is wealthy, she said she never received any financial help

Except for the $60k Family guarantee and the $50k inheritance... and the lack of real estate commission etc.

Some banks accept a relative’s house as guarantee or cash as security instead of a deposit, which means the banks will lend 105% — purchase price plus costs

second tier banks with risk premiums and huge rates.

Buying a property to live in will cost you more than buying an investment property simply because you are the one paying the mortgage rather than your tenants. I’ve found what works best is to start with an investment property rather than an owner occupied and then ensure this investment property provides positive cash flow. The property will still be negatively geared as you hold a mortgage over it, however, the income you receive is greater than your expenses making it positive cash flow. This also means that the additional funds you make from the property increases your overall income, meaning your ability to service the loan increases.

The rental income you receive on a negatively geared property does not make you magically have a higher overall income as your expenses increase...

honestly who thinks banks don't look at this when lending?

[UNR33L]

Isn't 30 years the max? so would be like 2.4k a month not 1.6

here's the actual article

http://www.dailytelegraph.com.au/newslocal/news/sydney-property-investment-guru-stephanie-brennan-has-23-million-portfolio-aged-24/story-fngr8gwi-1227402551502

Edited June 19, 2015 by UNR33L

[joeyjoejoejuniorshabadoo]

Isn't 30 years the max? so would be like 2.4k a month not 1.6

$1647 per month P&I on $490k over 30 years would require an interest rate of 1.31% with no fees or other charges.

There are longer terms (40 year) but very few banks do them - even then the rate would have to be 2.62%

I edited it while you were posting

[joeyjoejoejuniorshabadoo]

What they have calculated is $490k interest only at 4.03% comparison...

1) you are not getting that as a comparison rate

2) you aren't getting close to that at 100% LVR (guarantee or not)

[Birds]

Ive found what works best is to start with an investment property rather than an owner occupied

That's a corker

Because she's tried owner occupied before?

In her vast experience kicking off on an investment journey...the grand total of...once.

Should be rephrased to

"What worked for me was..."

[joeyjoejoejuniorshabadoo]

So in a nutshell, she has $2.4m in assets, that is borrowed at like $2.35m and is taking up her entire pay packet every week.

She is also 100% reliant on her tennants to make her payments and capital gains will be her only profit.

I wonder if she realises she has to pay tax when she sells?

I hope her mother isn't too attached to that $60k slice of her house

[alr33x]

I've not read the article but there is literally heaps of people like her buy, borrow against max leverage life's good when the markets rising.

Depends what your buying to people forget there's a few types of 'investing' you can buy something with low risk good return but low capital gain expectation but solid revenue stream or buy something with the hope of high gains future development etc

I prefer low risk revenue stream properties if it was my money, or commercial property.

[Birds]

So in a nutshell, she has $2.4m in assets, that is borrowed at like $2.35m and is taking up her entire pay packet every week.

She is also 100% reliant on her tennants to make her payments and capital gains will be her only profit.

I wonder if she realises she has to pay tax when she sells?

I hope her mother isn't too attached to that $60k slice of her house

Difference between her and the "anyones" who can do it too, is when he five tenants move out at varying times and she has to cover the shortfall, I wonder who will come to her rescue...