Forum Replies Created
SupaFreak,
And how did you get rid of the harem of women? [biggrin]
I was chased by my partner….she ended up chasing me to London & I worked up the courage to propose……8 years on we’re still to get round to the wedding
Cheers,
Aceyducey
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 much attention to one or two complaining people who weren’t prepared to make a higher offer anyway
As the old saying goes – ‘he may be a bastard, but he’s MY bastard’.
Cheers,
Aceyducey
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
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 positioned correctly financially.
If you’re investing for the long term, buying & holding properties that are at minimum cash flow neutral, have good prospects for income & capital growth & effectively cost you nothing to hold for 10+ years, well it’s a no-brainer. Buy as many as you can find
Right now generally I recommend considering assets other than residential property in Australia for better returns in a 3-5 year outlook – however it still really depends on where you buy, the potential for improvements or usage modifications and your specific goals.
The Australian property market certainly isn’t uniformly negative – we looked at one cash flow slightly positive property in a good location within 10km of the CBD of a major metro with some reno potential today….they are still out there if you get down on the ground & look around
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 a good time to reorganise the portfolio, get rid of any poor performancers to reduce LVRs & begin financial positioning and looking for bargains.
A bad time to START property investing – well maybe. But it’s an inefficient market & there are plenty of niche opportunities
It all depends on your ability to identify them.
Every time is a good time if you can work out what it’s good for.
Cheers,
Aceyducey
