Hello HighIncomeProperty,

I picked New York because it will always have a high population growth, a key driver in capital growth. I can’t imagine NY becoming a ghost town, people will flock there for one reason or another. Being in Oz, I like to be sure that my investment will not become redundant.

Since you had deals there, would you say,…[Read more]

Hi all,

I brought this back up as Dan didn’t get a response. I don’t like to give an opinion re his query on taxation, though I know a bit about it, is not my cup of tea.

My only advice, Dean, is ask your business accountant. He should be able to clarify this.

Take care.

Angelina

Hi Huzey,

I agree with Dan, rent it out and get some money rolling in while you are doing your RESEARCH.

What you can and can’t build on the land does not depend on your what your neighbour was able to do on theirs. First, you’ve got to check with Council re zoning,.

The question you posed can best be answered by the town planners, not by…[Read more]

To the Get Up advocates (if any of them actually reads this),

Let’s assume for a minute property prices will drop – say to 1992 level – I’d simply HOLD on to them. I’m not selling EVER. With exception of a few retirees who want to go bush, hardly anyone would be selling either. You know what will happen to rent????

If not, I will tell you. A…[Read more]

Hi Zaul,

This being the case, you should really tap into a Canadian property investing forum. As much as we’d all like to help, we are not familiar with Canada’s real estate market and Canadian tax laws.

Reading our comments here will confuse you because we always refer to Australian realities, which may not be applicable to Canada.

The way I…[Read more]

Hi Marjac,

Glad you picked up on the humor.
Angel

Hi,

Richard, your comment about proving a “financial benefit” brought back some memories.

Back when I was a lender with Colonial State Bank, I had a discussion with the Credit Manager about allowing both parents to be co-borrower with their son.” He goes, “What’s the financial benefits for the parents?” I went, tongue-in-cheek, “Well, for one…[Read more]

Hi,

The second agent must have a hole in the head. Did you check?

Where I live nearly all agents have employed the strategy of any offers $ considered.

No, you DON’T have to accept offers that’s not acceptable to you. You can take the offer on board but you certainly have EVERY right to say, “No, thank you.” Last I check, Australia is still…[Read more]

Dear Glent,

If you’re reading this, I hope everything turned out well.

Perhaps, what you need to do is to contact some very creative people here,

Until you’ve spoken to them, don’t make any hasty decision.

Check your private messages, it’s possible someone’s tried to contact you already.

Angelina

Hi all,

Please read, very interesting. Information is not just for people hoping to invest in Syracuse, NY. Relevant to all US propertires. I think.

http://realestate.syracuse.com/?classification=real+estate&temp_type=search&tp=RE_syr&tl=42&guid=139303

Angel

Hi Jamie,

this is all a little bit of an experiment. Very early days but I will surely report back when I know more.

Angeli

Thanks Jamie,

You got the point.

I don’t buy houses with number “4”, full stop. It’s too ingrained in my psyche.

I know, I know, it has no logical sense…. blaming my ancestors for it.

Bless you guys

Angel

Hi Amit,

Insurance companies pretty much offer the same protection and exclusions. You must decide on customer service and price.

Usually, if you package your car, home and contents and landlord insurance together with the same company, you get a discount. But then, some people prefer insurance to be handled by different companies.

Take…[Read more]

Hi Yann,

In researching suburbs to invest in, I always to go:

http://www.domain.com.au/public/apm/default.aspx?mode=research – in the box where it says “search” I will put the postcode in. It gives an overview of demographics, median price, etc.

Trawl the council website. I want to know what the Council leaders, the eldermen/woman, are…[Read more]

Hi Terryw,

I’m a huge number cruncher… yes, I did do all sorts of number calisthenics. Paying the $80,000 would have killed me – INSTANTLY. I feel really bad for your friend.

When I have time today I will start a thread called, “MY mistakes you can learn from.” I believe people can learn from our mistakes, as much as from our successes. If…[Read more]

Hi tugger,

how much you pay is on a council by council basis. Call the Hobart Council for information.

To strata or not to strata is also a council issue. .

I hope this helps.

Angelina

Hi Kong,

The problems are multi-faceted.

Too expensive to get in, too expensive to buy, too expensive to hold, and too expensive to get rid of.

I find that it’s getting harder and harder to make money.

I’m looking for return and capital growth. Australian properties are getting too cumbersome to carry in the portfolio. This makes me very sad…[Read more]

Richard,

I don’t think Rayden was offering finance, my understanding is he’s offering time and skills.

Isn’t that right, Rayden?

Time and skills are what I don’t have.

Angelina

Hi Raydenhead,

Are you able to come to Sydney instead?

If you can, let’s discuss.

Perth, maybe in my distant future.

Angelina

Hi everyone,

The term deposit in St George was not part of the plan. It was actually a result of one of the biggest mistakes I’ve ever done in my life. I hope those reading this would learn from my mistake….

Back in 2009, I fixed three of our loans (my business partner and I) to a 8.40% 5-year fix in a panic. This was the time when there…[Read more]