Derek,

Yup this is usually the case.

But the reason for going around the agent isn’t to entice the Vendor to break their contract with the Agent out of greed, but to let them know how bad their agent is!

Of course, at the end of the day this gets down to price….if the agent does achieve an excellent result it’s unlikely the vendor will pay…[Read more]

Firstly,

Agents work for the vendor. They do NOT work for the buyer.

So expecting them to act as a neutral intermediary is not always realistic.

Secondly, there are good and bad real estate agents.

This agent is simply employing a tactic to try and get you to increase your offer…and frankly it’s not a very positive one.

The aim is to…[Read more]

A general comment on the topic.

Soemthing we always keep in mind is that if the property looks good tenants are more likely to keep it in good maintenance.

Rent out a slum & you get slum tenants.

Back to painting one of our units tomorrow

Cheers,

Aceyducey

The USa is a great democracy?

I suppose it is if you’re a Judge & so get to decide who will be President

Europe has a long history of totalitarianism as well as democracy…..Hitler was voted into power through democratic means.

Cheers,

Aceyducey

It’s not hard to become a millionnaire in 101 days.

Here’s two very workable strategy:

How to become a millionnaire in 101 days:

Strategy One
Step 1) Start with two million dollars
Step 2) Pay me one million dollars
Step 3) Wait 100 more days

Strategy Two
Step 1) Advertise how you can turn people into millionnaires in 101 days
Step 2) Only…[Read more]

As long as it’s purely for your holidaying & not considered an investment, timeshares can be good value!

I pity the people who originally buy in as an ‘investment’ however.

I had one friend who was trying to become a mini-travel agency to get her family & friends to go stay at her timeshare so she’d get the money back.

Cheers,

Aceyducey

Originally posted by wayneL:
>>but, in my opinion, once you decide to stand on the sideline, you give up all right to criticise<<

Hah!!! I would like to see anyone try to take this right from me, whether I choose to vote or not!![rambo2]

Wayne,

Enough people think as you do, it allows the radical groups to get into power…..then they go about…[Read more]

Melissah,

We do that via a Trust.

I’d not recommend that you use a company for purchasing property however. It doesn’t offer the same security & tax advantages.

Cheers,

Aceyducey

Melissah,

Bingo that both paths work. In fact some investors NEVER buy a PPOR for themselves, it makes more sense for them to rent & buy more IPs.

As to which approach is best RIGHT NOW, my view is that if you have a low yield in the areas you can afford to buy your PPOR in you’re probably better off renting, having the landlord cover the…[Read more]

John and Lois,

For extra info on Mt Isa I suggest you also visit the current Somersoft thread on the topic.

How’s Mt Isa rental market?: http://www.somersoft.com/forums/showthread.php?t=16445

Cheers,

Aceyducey

Originally posted by elika7264:
Thanks Aceyducey.[biggrin]

Wished I had your expertise[blush2]

Regards,
Helen

Helen,

It just takes time in the market & research. We all start at the same point, it’s just an accident of time as to who becomes more experienced earlier.

There are plenty of more experienced people on this forum & others and…[Read more]

Helen,

Nothing sophisticated.

Finance is easily available. If prices fall as ‘John Howard’ is saying (and mark you I don’t expect that type of across the board fall in prices) then that will encourage a great number of people to exit the market taking their profits of the last 3-4 years.

This creates buying opportunities for those of us who are…[Read more]

Whoever you vote for, you end up with a politician.

Deceit is easy to say but hard to prove. There are all kinds of reasons & excuses used by leaders. Determining which are valid & which aren’t requires a huge expense…

ie: I had bad advice, the situation changed, the last guys in office passed some convoluted legislation that stops us from…[Read more]

It’s the improbably high returns…..and was the company appropriately licensed?

Of course the definition of ‘improbably’ may be problematic.

Cheers,

Aceyducey

Originally posted by john howard:wait for the 20% correction to happen, you wont be making to much money then

Actually it will make no difference to my cash position at all.

But it will provide me, and other experienced investors, with a number of purchasing opportunities.

So please talk down the market.

Cheers,

Aceyducey

Shirl,

I’m in the cautious crowd, considering your situation & the current market.

Unless your business is a huge cash cow with a great deal of stability I’d recommend you be cautious about entering the property market.

You don’t want to overextend.

Cheers,

Aceyducey

Originally posted by john howard:
Its in my opion that one interest rate rise will see the market go into melt down.

Ahhh – another Doom Sayer.

I love you guys – you make me so much money! [biggrin]

Cheers,

Aceyducey

Alf,

They’re educated guesses

Bad time to be investing in property – well if you’ve had your head in the sand for the last five years through one of the largest booms in property in Australia it probably is. But then isn’t it ALWAYS a bad time to invest for these people?

But if you’re in the market, there’s little reason to totally exit.

It’s…[Read more]

Also if a bank forecloses on a property and then sells for below market value (as determined through the use of an approproiate sales campaign) the owner can sue the bank, as has happened several times already in Australia.

Cheers,

Aceyducey

Go out with a building inspector for a few days & learn what they look at.

You’ll pick up enough info to know what to look for yourself & maybe cross out some properties before paying for an inspector (which you should still do if a property is on your buy list).

My partner did this a few years back.

Cheers,

Aceyducey