Total Members: 159,074

ajwans

  • ajwans replied to the topic Phone bills aaghh in the forum Opinionated! 20 years, 9 months ago

    At the moment you can get a 3 phone and pay $99/month
    for upto $500 calls. If only their phones weren’t such
    bricks.

    andy

  • ajwans replied to the topic Collateral in the forum General Property 20 years, 9 months ago

    You can still find some cheap properties in East/South
    Geelong. They’re close to the city but some of that
    area is industrial hence it’s cheaper than West Geelong.

    Try to find something close to South Geelong station,
    it’s a commuter city these days and being close to the
    station you will capitalise on this in future.

    andy

  • ajwans replied to the topic Commercial deal ? in the forum Help Needed! 20 years, 9 months ago

    Normally tenants would pay the outgoings, check over the
    lease to see what their responsibilities are.

    Things that commercial tenants should be paying:

    * insurance
    * council rates
    * water rates
    * land tax if tenant is a public company

    andy

  • ajwans replied to the topic looking for some advice….. in the forum Help Needed! 20 years, 9 months ago

    Does anyone have a link to the newsletter archives,
    I don’t seem to be receiving the newsletter anymore
    and I can’t find the archives on the pi.com www
    site.

    andy

  • ajwans replied to the topic Sold my neg geared property – need advice in the forum Help Needed! 20 years, 9 months ago

    Don’t forget, with your own house the rules regarding
    landlords & tenants change somewhat in your favour.

    I am not a laywer but last time I read the guidebook
    I was surprised to see that you can charge more bond
    and can kick out tenants much easier if you are letting
    out your own home (as opposed to an investment property.)

    andy

  • ajwans replied to the topic Property in the forum General Property 20 years, 9 months ago

    Here’s a tip: generally, high yield dictates lower
    capital growth. It’s all about personal strategy.
    Many negatively geared properties are that way because
    to some extent future CG is priced into the purchase.

    Personally, I think that +CF is better when starting
    but after a while $50 a week doesn’t affect your bottom
    line much and that’s the…[Read more]

  • ajwans replied to the topic Back again in the forum Opinionated! 20 years, 9 months ago

    Hi Bill, good to hear you’re back.

    andy

  • ajwans replied to the topic 101 Plus Penny pinching R/E Tips in the forum General Property 20 years, 9 months ago

    Replace all the power points and light switches before
    selling and many people will assume that you’ve had the
    house rewired.

    andy

  • ajwans replied to the topic Q 4 sis in the forum General Property 20 years, 9 months ago

    Sorry SIS, your HECS debt will be adjusted each year
    to account for any rise/fall in the CPI.

    andy

  • ajwans replied to the topic Geelong in the forum General Property 20 years, 9 months ago

    I was able to relet my property in one of the better areas of Geelong
    in about 4 weeks in the middle of last year without increasing the rent
    but my SIL sold hers in the next street and it sat vacant for almost 6
    months.

    When it was eventually let the gross return was 3.5%, not exactly earth
    shattering stuff. Geelong has pretty much had its run…[Read more]

  • ajwans replied to the topic Relationship of Rental Yeild to Property Prices in the forum General Property 20 years, 9 months ago

    Actually the opposite is true, when property prices
    are high the yields are low, when property is out
    of favour less investors are entering the market,
    hence less properties available for rent and by
    the magic of supply and demand rents rise.

    andy

  • ajwans replied to the topic Good Reading in the forum Heads Up! 20 years, 9 months ago

    Jim McKnight’s Ordinary Millionaires is a good read,
    as is Jan Somers’ Building Wealth – Story by Story.

    Both tell the stories of ordinary Australians making
    a go of property.

    andy

  • ajwans replied to the topic Steve, this is my big disadvantage in the forum No Subject 20 years, 10 months ago

    Hmm, focusing on why you can’t do something is
    a sure way to prevent yourself from doing it.

    Your problems seem to be quite managable compared
    to someone who couldn’t use the telephone or the
    internet, for instance.

    andy

  • ajwans replied to the topic Is this really necessary in a real estate book? in the forum No Subject 20 years, 10 months ago

    The author was trying to convey what type of
    person that he was writing about. The book
    is about “ordinary” people, all of different
    persuasions, making a living from property
    investment.

    I thought the book was great, if only I could
    find my copy….

    andy

  • ajwans replied to the topic mortgage insurance Can you get a refund? in the forum Hotch Potch 21 years, 1 month ago

    Yes you can get a refund of LMI when you refinance.
    I did this earlier this year and got 30% back. I
    probably should have received more but I was happy
    to get anything.

    You do have to ask for it though, and you may have
    to mention the BIO in order to get what you want.

    andy

  • ajwans replied to the topic Beware of sharks… in the forum The Treasure Chest 21 years, 1 month ago

    Also lookout for negative nancies…

    andy

  • ajwans replied to the topic Property renovation melbourne in the forum Opinionated! 21 years, 1 month ago

    Gray’s in Springvale have bi-weekly auctions
    of all sorts of good appliances, bathrooms,
    tiles & miscellaneous building supplies.

    http://www.graysonline.com.au

    Fowles Auctions have regular timber & carpet
    auctions.

    http://www.fowlescarpet.com.au
    http://www.fowlestimber.com.au

    andy

  • ajwans replied to the topic Extraordinary delusions and the madness of crowds. in the forum The Treasure Chest 21 years, 1 month ago

    Tell it brother!!!

    I’m with you on this Bill, putting my dough into shares and getting in a position to mop up the blood from the streets.

    andy

  • ajwans replied to the topic My retirement property – how should pay it off in the forum The Treasure Chest 21 years, 1 month ago

    Perhaps you could buy your new property in a
    unit trust and have your super fund buy units
    in the trust annually. This money would then
    be applied by the trust to the outstanding
    mortgage.

    It sounds like you need a creative accountant.

    andy

  • ajwans replied to the topic when to insure in the forum The Treasure Chest 21 years, 1 month ago

    Yes, get it straight away, you don’t know what
    insurance the vendors have and if something
    happens they probably couldn’t force you to
    settle as the property would have to be made
    good but if you’re buying it then you obviously
    want the property.

    andy

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