I almost wish I hadn’t posted my original question as it looks like ppl are just picking things they want to hear and attacking each other. for my 2 cents I prefer property to buy reno. and hold, I have only ever bought in Sydney and Brisbane, within 20kms of CBD in suburbs where there are more owner occupiers than renters. YES my purchase prices…[Read more]

Hi Monopoly, sometimes an irregular block provides a quirk or uniqueness that can add value, you have to decide wether this would appeal to a prospective tenant or not. On the other hand it could be a good negotiation tool, in getting the price down lower.
Also, make sure there are no strange easements on the block

Hi DollarBill,
I trade Forex using a CFD account with 2% margins. I Find a currency which is about to explode either way and basically just set tight trailing stop losses. I set my entry and exit prices at the same time I enter a position. With 2% margin I can trade 100k with 2k as margin plus another 2-3k as a buffer. Stick with less volatile…[Read more]

Mr. Eccentric
Don’t pussy foot around. If you think they are unethical, say so.
If I wanted to start an argument with an anonymous person in a chatroom I would start out saying they are unethical, however if you read my post you will note that I wanted to form a view on wraps and therfore asked intelligent questions regarding them. I don’t…[Read more]

Hi FW,
Thankyou for your reply, you have set me straight on some of the finer points. If everyone conducted their deals the way you have described then I would consider Wrapping a legitmate, ethical technique. Unfortuntely I don’t think every investor attracted to wraps operates like this!
Regards

Hi Calvin,
If the duplex is in 2 seperate titles, bad luck you can’t do it. If the duplex is one title (thats rare) Technically you could do it.