Total Members: 159,196

aussierogue

  • aussierogue replied to the topic water quality in the forum Help Needed! 19 years, 11 months ago

    crashy – its time to get fired up. tell them that the owners are not meeting there basic obligations under the contract. ie that the hpouse is safe!!! tell them that the water problem amounts to a breach of contract and that you wont be paying any rent until its fixed….also tell them you have independant advise that you can do this. even if you…[Read more]

  • aussierogue replied to the topic spann and valuers… in the forum No Subject 19 years, 11 months ago

    yack – what does it say about the valuations industry that ‘I’ have to make there job easier for them. i thought they were the experts!!!!!!!

    lets be honest that making things EASIER for the valuers is another wayt of saying ‘get the best valuation possible’. Also let the valuer know who butters his bread….so if you have enough power, and the…[Read more]

  • aussierogue replied to the topic spann and valuers… in the forum General Property 19 years, 11 months ago

    michael – you had me until the last 3 lines. ENRON is a good lesson..

    imagine if we as investors thought we could never lose…..ie the market always rises, so leverage away……

    i am a trader by vocation. i take multi million dollar poisitons on a daily basis. i never underestimate debt and never underestimate the market. in a bull market if i…[Read more]

  • aussierogue replied to the topic spann and valuers… in the forum General Property 19 years, 11 months ago

    hi jo – yeh that wld be too much. i reckon 30 pct from the highs…

  • aussierogue replied to the topic spann and valuers… in the forum General Property 19 years, 11 months ago

    i think we need to define house of cards!!!

    if you think there is nothing wrong with a system whereby millions of dollars of assets can be purchased based on a subjective and manipluated notion of ‘valuation’ then i suggest you think again

    the idea that you can by 10 properties on the back of your first property getting a generous valuation
    -…[Read more]

  • aussierogue replied to the topic spann and valuers… in the forum General Property 19 years, 11 months ago

    g’day aperry – you hit the nail on the head. spanns strategy is he ‘uses residentiual property largely to get access to money at low rates and then he leapfrogs……..’

    my point is that this technically is not property investing. its more about how to source cheap money. the book should be called ‘sourcing cheap money by manipulating valuations…[Read more]

  • aussierogue replied to the topic Highly motivated virgin in the forum Help Needed! 19 years, 11 months ago

    g’day – surf thre site – use the search function and you will find this topic is covered very well.

    bottom line is that the game has changed but the overall philosophy of using positive type cashlflow investmetns – is still a valid one.

    in order to find these deals in property w/in aiustralia you need to find a problem – solve the problem and…[Read more]

  • aussierogue replied to the topic spann and valuers… in the forum General Property 19 years, 11 months ago

    i noticed in sopme of the calculations he doesnt use ‘Purchase price’ but rather ‘loan amount’. some of the calc dont mention purchase price at all. i dont have the book in front of me so i cant tell you wch pages..

    the other things i noticed about the book

    – the essense of the book could have been written in one chapter….
    – his wealthy friend…[Read more]

  • aussierogue replied to the topic Would you invest in this commercial property? in the forum Help Needed! 19 years, 11 months ago

    you might find they are wrth 15k and with the overinflated 25 pct that is how they gtee rents for 3 years.

    be careful!!

  • aussierogue replied to the topic Build 4 Profit in the forum Help Needed! 19 years, 11 months ago

    beth – ‘is there a faster way to make money sooner?. nice double entendre…

    have a search of the develpment part of the website and you will see posts relating to costs asscoiated with developing

    cheers

  • aussierogue replied to the topic How much savings? in the forum General Property 19 years, 12 months ago

    g’day

    the answer to your question is – it depends!!

    if i were you i would read as much as possible about property investing and the philosophy behind the different strategies. steves books are a fantastic start.

    then you need to decide where you want to be in 2/5/10 and 20 years time (financially speaking)

    the truth is you can do a number of…[Read more]

  • aussierogue replied to the topic Building to sell for a profit in the forum General Property 19 years, 12 months ago

    if you dont ask you will never know.

    im guessing you have factored the land into your 220k. you need to think about interest costs. ie if you borrow 200k to finance the deal and it takes over 12 mos to build then yr interest bill will be reasonable. aslo you will have

    – cpaital gains tax on selling
    – stamp duty on buying
    – broker/legal costs
    -…[Read more]

  • aussierogue replied to the topic Budget Renos & Furnishings – Tips in the forum General Property 19 years, 12 months ago

    i buy the crappiest stuff and pray it doesnt break down!!!

    the entire family has comprehensive health insurance just incase

  • aussierogue replied to the topic Price offer for an apartment in the forum General Property 19 years, 12 months ago

    you can do whatever you like….

    if you foresee a problem ie like hk in 1997 – then i suggest you dont offer….

    rent is cheap …..

  • aussierogue replied to the topic Budget Renos & Furnishings – Tips in the forum General Property 19 years, 12 months ago

    lifex – try not to shudder too much – its bad for you…

    with regards to 18 months interest free at harvey norman. i think what you will find is that harvey normans prices are quite normal and you should be able to ask for a cash discount. if however you want interest free they will not discount from the reatil price because of the costs involved…[Read more]

  • aussierogue replied to the topic which is best..2 or 3 brm?? in the forum No Subject 19 years, 12 months ago

    if you watched ‘the apprentice’ you would know the answer!

    if the bedrooms are too small buy a few wall mirrors and that should do the trick. (cielings if youre into that kind off thing!)

    misty you are very close to being fired!!

  • aussierogue replied to the topic Mechanics please, not Mantra… in the forum Help Needed! 19 years, 12 months ago

    michael – my grandmother once told me that if i vascilate too much i will go blind – so if that aint incentive im not sure what is….good luck..

  • aussierogue replied to the topic Mechanics please, not Mantra… in the forum Help Needed! 19 years, 12 months ago

    michael – yes we have noticed. lol.

    as an investor – dont forget that the best deals dont hang around. also there is room for being spontaneous. the more confident you get – the easy and quiker one gets atr spotting a deal.

    i reckon you need to bite the bullet and buy something. then things will start to move forward and all the questions you…[Read more]

  • aussierogue replied to the topic Too many repetative questions in the forum Opinionated! 19 years, 12 months ago

    i agree with marc – leave it as it is – and dont answer them if you dont want to…

  • aussierogue replied to the topic car parks in the forum General Property 20 years ago

    there will be less cars and more public transport/car pooling in the future. just an observation. im sure if you buy in the right place it will be a pretty good investment.

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