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  • Profile photo of aussierogueaussierogue
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    @aussierogue
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    August 15, 2003 - 4:25 am

    tks willi

    one last point

    im always wary when advise is given in absolutes like ‘always’ or ‘never’

    there is a time for everything (see westan yve got me quoting ecclesiastes)

    [:D]

    Profile photo of aussierogueaussierogue
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    August 15, 2003 - 12:41 am

    g’day crashy

    i know this is a differnt forum but need some advise on buying some +ve geared shares on margin.

    im still not that convinced about the share market so was wondering is there a ‘fund’ that is positive that will allow you to gear??

    is this possible – if not got any suggestions??

    cheers

    Profile photo of aussierogueaussierogue
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    August 15, 2003 - 12:34 am

    here are some reasons you would put your best offer first

    – market is undervalued and you want to buy quickly

    – the home has a price on it that is cheap. ie if you try and negotiate, someone else might come in and buy it from underneath you

    – at an auction. the knock out bid. valid tactic

    – the home is perfect for you. ie you really cant afford not to buy it. so give them a good price.
    for example a friend bought a home for a good price very quickly because it was situated next to his work. all the other places he looked for were 10km away. when you take into account transport and time etc it was worth his while to buy this property even if he had to pay a little more, just to make sure he got it.

    – if you look at other industries an best offer first up is used all the time. why do you think that footabll teams increase the contracts of some players even when those players have 1 year remaining on ther smaller contracts? its to make sure they get the deal done.

    ps – ive been involved in over 500 negotiations so let me prattle on a little

    happy negotiating

    cheers

    Profile photo of aussierogueaussierogue
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    August 15, 2003 - 12:04 am

    g’day

    some confusion i think

    the advise never said pay top dollar.

    it said sometime its best to put your ‘best offer’
    on the table first.

    no comment about paying top dollar

    there is a difference

    Profile photo of aussierogueaussierogue
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    August 14, 2003 - 11:58 pm

    shezian

    they are tough to find. and your question is legit

    maybe you could ask him tonight at his book launch
    in melbourne….

    (IN A QUIET MOMENT AFTER EVERYONE HAS LEFT)

    i reckon the answer is that they are there except now we have to look further than our own back yards.

    the other answer is to wait a few years until the market has re-shaped itself back into a more ‘typical’ position when +ve cashflow properties should start popping up agaian

    cheers

    Profile photo of aussierogueaussierogue
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    August 14, 2003 - 11:52 pm

    morning westan

    and to think i thought you were talking about
    max walkers 100 wackiest cricketing stories 15th edition.

    [:D]

    are we finished with this thread now?

    Profile photo of aussierogueaussierogue
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    August 14, 2003 - 7:47 am

    just to clrify a little though[8)]

    sometimes as an investor putting in your best offer first can be a good strategy.

    especially if you think the market a whole is undervalued.

    for example i dont think steve spent too much time negotiating when buying 25 properties in such a short time.

    also if i find a +ve cashflow property showing me 30 pct return i wouldnt muck around.

    cheers

    Profile photo of aussierogueaussierogue
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    August 14, 2003 - 7:31 am

    no – not good advise for an investor. ok advise for a home hunter.

    as an investor you should be trying everything w/in reason to get a bargain.

    the most money is made at the pruchase. purchase under the market and you have made money.

    the best tip to negotiating is never fall in love with the product – be prepared to let it go if it doesnt meet your price.

    cheers

    Profile photo of aussierogueaussierogue
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    August 14, 2003 - 5:39 am

    hi melanie – its 11 c here in melbourne so my khaki shorts are hibernating for a few more months.

    hey trueblue – i reckon returns were 15-20 pct 1 year ago. i need 15 pct as a buffer againsts a population that is shrinking

    also reckon capital gains will be good for next 12 mos atleast as the property market continues to bubble along.

    [:D]

    Profile photo of aussierogueaussierogue
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    August 14, 2003 - 5:16 am

    good point

    i think most of us concentrate on +ve cashflow and servicability and forget a little about the overall debt issue

    i guess the point is that as long as you can service the debt then it shouldnt matter.

    ie if you have 20 properties worth 2 million and a debt of 1.5 million, it is ok because you have 20 income streams servicing that debt. thats whats good abt +ve cashflow properties is that you can have many of them and hence spread your risk (and therefore your income streams). if one or even 5 arnt leased you still have 15 that are.

    having said that, debt is debt and anything can happen.

    best to diversify amongst assets classes aswell

    cheers

    Profile photo of aussierogueaussierogue
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    August 14, 2003 - 5:09 am

    hey trueblue (sounds like the start of a song)

    any chance you can tell us the crux of the article

    im guessing it suggests the market has been swamped by mainlanders looking for investments and holiday shacks and thus pushing up the prices.

    and the other one says tasi still represents good value because the mediun prices are still well below the mainland???

    cheers

    Profile photo of aussierogueaussierogue
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    August 14, 2003 - 3:45 am

    g’day guys – one last comment

    mini – i think yr great. you see the good in everyone… but

    on rk – i think..

    rk – is a great marketer. rich dad was made up or is a mixture of a few people. and this isnt a crime – he should just say so.

    the problem is no-one would buy his books if the premise was one of fiction.

    now that his entire empire is based on this ‘rich dad’ i would have thought he has alot to lose if the truth comes out. if rich dad appeared occassionally throughout the book ok – but he is the book. he is the centre of the book – without him there would be no book and no rk empire.

    the point is rich dad is ‘central’ to everything rk talks about. just like +ve cashflow is ‘central’ to this website.

    ++

    so why not tell people that rich dad is made up.
    because he wont sell anymore books.

    imagine if every chapter started with

    ‘imagine if you will’

    the story about being altruistic and hence cant say his name is suspect. everybook ive read has 1 or 2 pages of people they dedicate the book to – why would the most important person not be mentioned.

    he not mentioned because his not real!! and we know this because no-one fits this description.

    Profile photo of aussierogueaussierogue
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    August 14, 2003 - 12:31 am

    g’day westan

    i know the book yr talking about and i also hold it in high regard..

    but that one has stood the test of time

    so no its not a confession

    but i hope you get my point

    Profile photo of aussierogueaussierogue
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    August 14, 2003 - 12:11 am

    quick question

    if on this forum i was to pretend i had 40 investment properties all around australia and new zealand and subsequently other forumites came to me for advise etc etc and my supposed success was incentive for them to follow this advise and then you found out i am some smart alec 22 year old with no properties and just a business degree

    would you not feel cheated??

    or would you just be happy that i got you of your bums to do something??

    its got to be based on full disclosure so people can make informed decisions. if you need to be decieved to get motivated then get a hobby

    [:D]

    Profile photo of aussierogueaussierogue
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    August 14, 2003 - 12:06 am

    by the way, interesting comment

    ‘vietnam or vermont’

    lots of +ve cashflow properties in south east asia
    which i can vouch for personally having lived there for a few years.

    looks like this thing is spreading

    Profile photo of aussierogueaussierogue
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    August 14, 2003 - 12:02 am

    tks steve, just checking if you were listening
    [:)]

    – good to get some clarification.

    i was just worried that people would get the impression that they to can go out and buy 25 properties in 4 days right from the start using the system in your book. wch is not the case.

    cheers

    Profile photo of aussierogueaussierogue
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    August 13, 2003 - 1:46 am

    here is the skeptic in me

    steve if youve just bought 25 properties in 5 days
    why did it take you 3.5 years to buy 130.

    throwing around numbers like that is irresponsible and seems to be perfectly time with your book launch.

    how about some clarification

    – were they positive cashflow
    – how come no one else on the forum can find them
    – were they in australia??

    regards

    Profile photo of aussierogueaussierogue
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    August 13, 2003 - 1:38 am

    g’day

    just on medians and averages

    i live in a suburb where the medium house price
    wch gets reported evry 3 months??? goes something like this

    1st quarter – aud 475,000
    2nd quarter – aud 398,000
    3rd quarter – aud 550,000
    4th quarter – aud 425,000

    the highest median house price for the suburb was infact back in 2000 when for a qarter it was 680,000 or thereabts

    it will depend on how many or how little houses are sold. also most areas have ‘posh’ sections [^]
    so when more houses are sold from this section it can skew the results

    cheers

    Profile photo of aussierogueaussierogue
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    August 12, 2003 - 11:58 pm

    close to 600 readers and 2 maybe 3 +ve cashflow properties

    olorin sledge – did the numbers stack – up??

    happy hunting[8D]

    cheers

    Profile photo of aussierogueaussierogue
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    August 12, 2003 - 5:05 am

    rentmaster

    thanks for the pointer

    im looking at nz at the moment and didnt realise
    there were few fixed terms.

    not sure how i feel abbout this from an investors point of view.

    i would prefer to know ive got a tennant locked in for a time. makes it a little harder for them to move at a whim and guarantees your income a little

    any idea if there is a trend from ows trying to lock in tennants for a fixed term??

    is there any practical reason this wont work in nz?

    cheers

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