You are probably right my friend, but I notice you say IF. You don’t realy know where it is?

My point is made more on the intransigence of some statement and not necessarily on how good or not this deal is.

May God bless you
and prosper you.
Marc

Ha ha only kidding.
Tell me Victoria, What’s with the thread about that poor gale trying to seel her sister’s property in Orange? I know Orange and that property is underpriced, plus they say they are willing to negotiate, so it may go for 145 or even 140, that is a good deal whitout having had a look at it. Why such virulence? i read Steve’s book…[Read more]

Is that your photo with your name under it?

May God bless you
and prosper you.
Marc

Which State?

May God bless you
and prosper you.
Marc

Pay for the mowing, get rid of the grass or get rid of the tenant.

Mowing once a month is not something that will send you or the tenant broke, perhaps you can split the cost.
Can you change the front yard into a low manteneace garden? Pebbles, concrete, rocks, woodchips, Roundup, Mondo grass?
Get rid of the tenant . . .nee only kidding, if he…[Read more]

Ha ha guys [biggrin] 75 views and no answers?
Either was my assessment dead right or you must be all driving poor old Lee crazy! . . . you can ask me some quesitions too you know? … if I let a deal go I can help whoever is interested, no strings attached.[biggrin]

May God bless you
and prosper you.
Marc

Hi Brenny.
Your father is not alone. I see people in that predicament every day, either with one rental property or a holiday place down the coast.

The pension in Australia is not the result of a contribution like it is in Europe and so it must be asset and income tested. The test used is the one that allows to pay the least amount of pension, In…[Read more]

Hum strange investment question . . .I give it a shot.

I use to have NIB but the benefits were rather low (1988 – 90) so I switched to HCF. I have a high Hospital cover and all the “ancillaries” that is dental, physio and the likes. Pay some $80 per F/N. Lately HCF has been trimming the benefits every year a bit and NIB has increased theirs. I…[Read more]

I did a bit of reserach on the Southcoast NSW and found that most agents agreed that a beach house may rent for 6 to 10 weeks a year. Of course you can be creative and if you have something out of the ordinary you may inproove on that figure. But honestly even if you double it, returns are on the very lean side, am I wrong?

Of course the prospect…[Read more]

I agree 100% with Redfern in Sydney, it’s a nice gamble.

Yet disagree with Fairfield. Prices in Fairfield are already high due to high demand from a constant flow of new migrants who find some ethnic cohesion there. The recent approval of several high rise buildings will do nothing to increse the value of the place. Cheap flats never have that…[Read more]

Hi Monopoly!
(I do like your posts)

The key to your question is in this paragraph:

Why do people assume that just because you have IPs you must be some rich #$%#@ that looks down his/her nose at those who only have their PPOR???

Do you beleive that rich people are (expletive) evil?

If you do, you are bound to have friends and acquintant that…[Read more]

Thank you guys! I wrote an e-mail to Simon just now, (somehow I thought he was from Melbourne)

So all I need now is an insurance broker and directions to find a financial calculator to take with me on my property hunting expeditions.

Thanks in anticipation
Marc
PS
As a thank you for your responses here is a little movie you will…[Read more]

Hi Torachan

Not sure if you are still watching this, but I’ll give it a shot.
To your hypothetical question, “if all owners would buy each a IP” . . .there would be not enough properties nor builders to build them, in fact there would be fist fights in front of the RE agents.

What prompted me to respond is the way you formulate your quest…[Read more]

One simple suggestion:
CHANGE your PM and do not allow the tenant to pass over the PM by phoning you. None of my tenants have my phone number and if they would ever call me I would say not to do so and to refer ALL matters to the PM. I had tenants stopping me in the mall for some comments on the property. I politely say to them that everything…[Read more]

Originally posted by DAAJ:
Who on this forum owns an investment property,either outright or owes to a Financial institution?

Mm, not sure what’s all the fuss about this question guys, then man is curious, just tell him.
I don’t own any IP outright, some of my earlier purchase have a small loan of less than 20% of their current value. Besides my…[Read more]

When you need to cover strong colours you need to use a good quality primer. I don’t know your particular brand of primer but any professional painter will tell you that this job can only be done properly with top quality OIL BASED primer. Yes you can use oil based primer over water based paint, and yes you can paint after, any water based paint…[Read more]

First IP bought in Sydney in 1998. 40 years old b/v 4 bedroom house for 154k rented at 200xw. Today its 450k and rents at 240xw, still with the same tenants that never skipped a beat.

May God bless you
and prosper you.
Marc

I had a plumber once who wanted 950 dollars for changing a hot water sistem and a washing machine from the old laundry to the new one. I had trusted him with numerous repairs in different IP and slipped badly when this particular time I did not aks for a quote.
Yet the problem was solved when I asked for an itemised bill, the 950 turned into 450…[Read more]

Why would anyone want to “retire”?
Remeber the wave of early retirees who headed for the Queensland beaches in the eighties and early nineties, with the bounty of the family home?
Scary prospect, most are now on the age pension and broke.

You retire from what you don’t want to do.
If you are doing now what you don’t want to do, you need a career…[Read more]

Doesn’t CGT have a 50% discount if you sell after the first year?

May God bless you
and prosper you.
Marc