I have done H&L investment before and it has worked out okay even though it took 8 months to complete as opposed to 6 months. Good depreciation etc and in theory a property in good nick. I would say though that in the current market you could buy better in established housing.

ALF1 wrote:
Hi Bardon.You don't see too many but I have done an Option Agreement on a $23.3million property before – the largest I've done.

I may be interested in a JV fro one in Hampton Melbourne with a sale date of Dec 11 if you are interested in operating in this area ?

ummester wrote:
But when you buy in matters.If you brought in in 2008 – you will be in a better place in 25 years than if you brought in in 2009/2010.If 2008 is set to repeat, to greater extremes, you are better off buying in then.I looked at some places in 2008 with a sale price of low 300s. They weren't moving. .

I used to think this way but…[Read more]

ummester wrote:
Ireland is a place that is currently trying to contain the fallout from it's housing bubble and the young Irish are leaving in droves. They don't want to be part of a future where more is owed than can possibly be paid off in a lifetime.

The good part is that they are coming out here to work in and stimulate our economy and…[Read more]

ALF 1

Do you see many Rent to Buy schemes for properties in the $1.1m price range ?

ALF1 wrote:
Thanks CYC! Way too much pessimism going on in this post. Remember the Y2K bug – the end of the financial world as we knew it. The reality – just a bunch of people who will take any opportunity to stand on a box and preach their doom & gloom.Do you know it takes approx 80 more muscles to smile than it does to…[Read more]

Nymph,Rich in the tapestry of life, more like.The house values are merely digits on a computer screen.You can PM me alternatively post your email addres or contact number and I will get in touch with you.

TC62 wrote:
>I hope this has helped.CHEERS!TC

Thanks TC it is indeed very helpful to me.

PaulDobson wrote:
Hi DaveThanks for the phone call.  We'll talk later in the year.Cheers,  Paul

Yes Paul we certainly will

Paul,

Thanks for the quick response I am familiar with the documentation side but wasn’t quite sure the best way to go for a house of this value can you give me an off the cuff assessment of most likely options on a say 2-3 year settlement either way.

reggie5005 wrote:
Property is only worth what someone is willing to pay for it…

Equally it is only worth what a willing seller is prepared to take for it.

I don’t know why the Economist bothers with this chart of price to rent as unlike commercial the value of a property is set by human emotions and a very strong desire to own their chosen place of shelter. This is a very subjective valuation and in all reality it has no limits other than say credit.

Maybe the survey is showing that Australia is…[Read more]

double

Most of my properties have recently came up for rent review and I have got increases of 5%, two of them I left unchanged. One because the tenants are very good and its our PPR the other because I am the tenant.

Forget about buying two just focus on getting one.

Is it not better to say that they could be getting a better ROI by raising rents.

I have always left it to the PM to nominate the rents and select the tenants and so far that has worked out well for me.

The only message I can take away from the Economist argument is that there is an awful lot of upward pressure on rents.

Buy a house with a bit of leverage thrown in.

The market rental value has no bearing on your mortgage repayments. Have you had a free rental assessment done by a potential property manager or looked at comparable rentals on the web ? This is what I would be doing to set the rental value.