Another possibility I did not explore because there is not enough information in you post, is that your mum purchases the right to live with you in your home or in another you purchase together and put in your name, that is more adequate, with granny flat, duplex, separate unit whatever.

By doing so, your mum will pay for the right to live in the…[Read more]

Originally posted by wrogers17206:
My mother would like to go to a retirement unit but wants to maintain her pension . Her current situation is she has assetts cash/shares about $140,000 and owns a home valued at $350000 . She receives a part pension of $200 per fortnight. She wishes to leave the home and buy into the retirement unit which is…[Read more]

Emotions are often disregarded as feminine, a proof of weakness, illogic, absurd, and in the way of sound business practice.

Yet such concepts are by themself emotional.

Our process of decision-making is based on a big array of values that are stored in our subconscious mind. Many people are totally unaware of the existence of such decision…[Read more]

Originally posted by Shebb:
Okay, I’m new and I have no idea what’s going on.

What’s with the <snip>?

Bizarre.

Well, it can be a number of things, not the least the sound of the Rabby’s scissors . . . .ouch!
Nee just a bit of house keeping by the local (and harmless) moderator.

May God prosper you always.[biggrin]
Marc

Yack, can I borrow your crystal ball?[biggrin]
Seriously, you cannot say that.
It is like saying do not buy shares because they are going to fall sometimes in 5 years.

When care should be take and spread the risk, if you want the yields you must go outside the big cities, buy commercial with a v/high risk or venture in building block of flats…[Read more]

I agree. It is much better to have a good inspection yourself, and it does not necessarily cost $1500 unless you go Sydney Perth. I drive if it is under 4 hours; otherwise, REX is a wonderful airline and can be seriously cheap if you buy well in advance. What do you think of $89 for a 400km trip?

Once you know the town very well, have a local…[Read more]

Even if you are in the perfect town with the perfect information and the best due diligence I still think that risk minimisation tells you to buy in different places. I jsut finished settling 2 properties in a place that is super positive, has 20,000 inhabitants and booming work prospects, but will move on and look for the next best town/city.…[Read more]

Well what do you know… ONE voice of reason, thank you Allan.
If there is a powerful book around that will press you to go and DO, that is “The one minute Millionaire by Mark Hansen and Robert Allen”.

There will be always people who feel uncomfortable with others people success, and try to knock it in many different ways, not the least using m…[Read more]

Huu… well, nice going everyone, I seem to have touched a nerve.
Some melancholic, others hopeful, some more steady.

Perhaps its time to remember that, “we are what we think”.
We shape our future with our thought. We can think and talk ourselves into recession / depression, or we can think and talk ourself into opportunities and suc…[Read more]

Ezy, the way you can do this is by purchasing a property on delayed settlement, and sign a contract where the owner gives you access to do the renovations. Say you buy with settlement delayed 6 or 8 months. You do your wizz bang, find another buyer after finish and then you can have a simultaneous settlement.

May be there is a way to improove on…[Read more]

I pay 4% on one of my PM, and they do inspections and all the normal things, even get a newsletter with the owners opinion on the market.

May God prosper you always.[biggrin]
Marc

Thank you for the suggestion taurus, I never heard of that area so I will check it out first.
Yes, I agree that we all make our choices and have our reasons for what we do.

May God prosper you always.[biggrin]
Marc

The “town house” was a cheap city house, close to the central city station, for the country folks that came in the train to the city for buisness and needed to stay in town for some brief period of time. The true blue town houses are today relics and cost a mint, and look like s**t despite the hundred of thousnads thrown at them by the caffe-latte…[Read more]

Martin, so Steeve book is outdated. What did you expect for a RE book written about 2 years ago?

A useful investment book provides valuable information to investors about negative and positive cash flow. Such concepts are market neutral and can be applied anywhere on the planet anytime. The variation in our local market has no bearing on the…[Read more]

Agree word for word with Marisa, and no she is not my wife.[eh]
8 to 10 weeks tops.

The rest is up to you. To bring European tourists or Americans is a good idea but I would not bet the farm on succeeding. I looked into holiday house on the east coast (NSW south coast) before the TV induced boom there and got big red numbers that made me walk…[Read more]

Monopoly, I agree that building is a headache guaranteed, but as far as making money by building it is in direct proportion to the value of the land you are building on.
In Sydney for example, if you have a property with a good size land and an old house on it, if it is in a cheaper suburb you may be OK in renovating. If you are in a better…[Read more]

I wonder if <snip> is the sound of the scissors making Banderos more presentable?

May God prosper you always.[biggrin]
Marc

Can somone describe the court case in question?

May God prosper you always.[biggrin]
Marc

Most certainly agree about Pretti, he is not my PM by the way, but he seems to be very popular with investors and had an exclusive “Current affair” program dedicated once.

He inspects a house “live” and debates among other things the need for re-paining a wall becuase the tenenat put a nail to hang a picture on it. His exit phrase from the place…[Read more]

Agreed, Sydney is a 5 to 7% market for PM, I pay 6%, in Campbelltown and in Liverpool but I pay 8.5% in an outback town in Queensland.
PS actualy I just worked out I only pay 4% in Liverpool (The Professionals)

Not sure about the advantages of rent only managers. We had to change from an agency that manages 1300 properties with 4 PM, to one that…[Read more]