Reading Time: 3 Minutes “Idō shite kudasai” I looked back… a smirking Japanese boy of 8 looks up at me. Hesitantly, I snake around the chain link fence and let him move past. This is it, I say to myself… if a kid can do it, I can bloody well do it. ~~~ OK so you might be thinking, what is he on about? Well, MrsFrugalSamurai and I spent the last few days in the Australian Outback… or more specifically, in the dead centre of our great country, where we visited the famous Uluru, or Ayers Rock. It was quite an incredible experience and I can totally see why many…
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What Type of Property Should I Buy?
Reading Time: 3 Minutes This was the question posed to me by a loyal reader this week. Hm. Well firstly, thank you to MikeW for posing the question, hope you’re enjoying the blog! But in response to this, I think the best way to go about it is to understand which types of property your partner likes. Partner? What partner? Well the banks of course! If they’re the ones lending you 80% or more of a value of a property – you’ll need to understand what they like right? Don’t forget, a 30 year mortgage – is a 30 year relationship! When your partner says no… In general, banks restrict…
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You Snooze You Lose – A Lost Property Opportunity
Reading Time: 3 Minutes Hey everyone! Writing this on a crisp Sunday morning surrounded by a whole ragtag bunch of no-gooders I call my friends. What a whirlwind weekend we had – it was the joint birthday of a couple of the gang so we did the annual pilgrimage to a tree-change location a few hours outside of Sydney. Cue laughter and drinking amidst the poker sessions, board games and non-stop sports streaming… An AMAZING time. So amazing that I didn’t notice that the property deal I talked about last time (read here), was stolen right under my nose. You might remember I vaguely talked about a sub-division opportunity which…
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I’m Back!
Reading Time: 2 Minutes What’s up everyone! Sorry, sorry – I know I’ve been neglecting this blog a little bit, but things have been a bit TOO much these days. Some of you are aware of what’s going on in our personal lives, and I won’t dwell on it here. However strictly financially speaking – I’ve done a LOT in the last few days. You see, despite the reinforcement that finance and numbers and FIRE are not the be all, end all in recent weeks (believe me, family and health are), I still think it’s important to not let that area slide. So like any good boy scout, I’ve been…
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Land-To-Asset-Ratio and a Real Life Case Study
Reading Time: 3 Minutes What’s up guys! Hope everyone’s having a great week. Up and down kinda week here at TheFrugalSamurai HQ… Up because PapaFrugalSamurai aka my Uncle’s brother has returned back from a 3 month soiree in the Motherland. Down because well, there’s still a few personal issues afoot. But enough about me – for today we are discussing: Land-To-Asset-Ratio I’ve actually only stumbled onto this concept recently and wished I had understood this when I first started my investment journey into real estate. What is it? The most basic explanation is the “land value” component for a property compared to its overall value. For example, if a property…
