Total Members: 159,374

Benny

  • Benny replied to the topic Training in the forum Help Needed! 2 years ago

    Hi Jeeakz,

    Steve no longer does training courses.  He does however run webinars from time to time, and these are always worthwhile as he comments on current situations.   Also, I think his STEPS offering is a VERY good product.  It is designed to walk you through the total Due Diligence needed when purchasing a property.  The detail is phen…[Read more]

  • Further to that last comment, the presenter (Bjorn Lomborg) goes on to say (and I paraphrase Bjorn, but you can click the link and hear him yourself) “Instead of pouring Billions into subsidising infant technologies that are not cheap, we would be better advised to turn those dollars into researching better ways to produce CHEAP energy.  Once…[Read more]

  • Benny replied to the topic Land title size and advertised land size different in the forum Help Needed! 2 years, 1 month ago

    Hi Curious

    Just noticed – this looks like an honest mistake rather than an attempt to deceive.  When someone typed the brochure, their right hand slipped one position too far left, thus the 09 became 98.   It happens often – but proofreading would (should) have picked it up.  Or a title search during conveyancing….

    FWIW

    Benny

  • Benny replied to the topic Land title size and advertised land size different in the forum Help Needed! 2 years, 1 month ago

    Hi Curious

    Just noticed – this looks like an honest mistake rather than an attempt to deceive.  When someone typed the brochure, their right hand slipped one position too far left, thus the 09 became 98.   It happens often – but proofreading would (should) have picked it up.

    FWIW

    Benny

  • Benny replied to the topic 2 dwellings on 1 block in the forum General Property 2 years, 1 month ago

    Ah, right….  That makes more sense now.  Septics can take up a lot of space when using transferation trenches.  Aren’t there now newer ways to handle this?  Have you researched these later septic options, and do they help (i.e. do they take up less space)?   It’s been a long time since I had such a property, so my knowledge today is not great.

    Benny

  • Benny replied to the topic 2 dwellings on 1 block in the forum General Property 2 years, 1 month ago

    Hi Dominique,

    It appears to me that things don’t quite compute…..   A quarter acre should be PLENTY big enough to fit a house and a Granny flat, with room to spare.   Some folks do this on half that size block.   Was there something else that was unsaid – e.g. are there easements on the block that can’t be built upon?   Is the house a very LA…[Read more]

  • Benny replied to the topic 2 dwellings on 1 block in the forum General Property 2 years, 1 month ago

    Hi Dominique,

    It appears to me that things don’t quite compute…..   A quarter acre should be PLENTY big enough to fit a house and a Granny flat, with room to spare.   Some folks do this on half that size block.   Was there something else that was unsaid – e.g. are there easements on the block that can’t be built upon?   Or is the house a very…[Read more]

  • Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 2 years, 1 month ago

    November, and the RBA, with yet another 0.25% lift, does the “same old, same old” – well not really !!

    The “same old” used to be “Lift rates a couple of months in a row, then sit back and contemplate their navels to see the effect of their actions”.  But not these days.   Now it is squeeze the life out of everything by increasing Interest Rat…[Read more]

  • Benny replied to the topic Townhouses vs houses in the forum General Property 2 years, 2 months ago

    Hi jeeakz,

    One thing you might not have considered when purchasing a Town House would be any Body Corporate fees and/or restrictions.  Though you might own some land, there will also (likely) be some areas that are controlled by others making up the property (other owners of the remaining townhouses).  A Body Corporate usually means extra e…[Read more]

  • Benny replied to the topic Townhouses vs houses in the forum General Property 2 years, 2 months ago

    Hi jeeakz,

    One thing you might not have considered would be any Body Corporate fees and/or restrictions.  Though you might own some land, there will also (likely) be some areas that are controlled by others making up the property (other owners of the remaining townhouses).  A Body Corporate usually means extra expense, so I hope you have taken t…[Read more]

  • Benny replied to the topic Townhouses vs houses in the forum General Property 2 years, 2 months ago

    Hi jeeakz,

    One thing you might not have considered would be any Body Corporate fees and/or restrictions.  Though you might own some land, there will also (likely) be some areas that are controlled by others making up the property (other owners of the remaining townhouses).  A Body Corporate usually means extra expense, so I hope you have taken t…[Read more]

  • Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 2 years, 2 months ago

    Well, well, well – the RBA only lifted by 0.25% this month.  Are they learning?  Or (as I’ve heard one commentator mention) will they continue to lift, only to bring rates back down next year when results prove “They went too far, too fast!”   No news to me with that last comment (check the earlier posts above).

    But OK, with a 0.25% lift in Oct…[Read more]

  • Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 2 years, 2 months ago

    Well, well, well – the RBA only lifted by 0.25% this month.  Are they learning?  Or (as I’ve heard one commentator mention) will they continue to lift, only to bring rates back down next year when results prove “They went too far, too fast!”   No news to me with that last comment (check the earlier posts above).

    But OK, with a 0.25% lift in Oct…[Read more]

  • Benny replied to the topic Large loan or Small loan in the forum General Property 2 years, 2 months ago

    Hi jeeakz,

    Hmm, is this the same jeeakz that posted THIS topic a few months back? If so, I’d added some thoughts in reply, but didn’t hear back from you to help further.

    https://www.propertyinvesting.com/topic/5082995-i-need-an-investment-strategy-for-my-situation-2/#post-5082995

    The name is right, but the scenario outlined in each post seems…[Read more]

  • Benny replied to the topic Draw equity from IP to fund PPOR purchase in the forum Finance 2 years, 2 months ago

    Hi Troy,

    I have a few thoughts, but I’ll step aside right now to see if others with the right credentials might stop by first.  (I don’t have any credentials – just opinions…)   Suffice to say, you sound like you are in a really good place.  :)

    Benny

    PS  While I think of it, there is one link I can provide that MAY hold some ideas around this…[Read more]

  • Benny replied to the topic FOR SALE – The MasterClass Pack on CD in the forum Buy, Swap & Sell 2 years, 2 months ago

    That’s great news, Intelligent Trader.  :)    That sounds like a really nice retirement place too.    A hobby farm?  Orchards?  Animals?  Or not bought yet, so don’t really know what’s there?   Anyway, a terrific tale, and we look forward to hearing more from you.

    Benny

  • Benny replied to the topic FOR SALE – The MasterClass Pack on CD in the forum Buy, Swap & Sell 2 years, 2 months ago

    That’s great news, Intelligent Trader.  :)    That sounds like a really nice retirement place too.    A hobby frm?  Orchards?  Animals?  Or not bought yet, so don’t relly know?   Anyway, a terrific tale, and we look forward to hearing more from you.

    Benny

  • Benny changed their profile picture 2 years, 2 months ago

  • Benny replied to the topic Over 55's Complex – Deal or no deal in the forum General Property 2 years, 2 months ago

    Hi Tom,

       as an investor it is time to move on

    Right on – that’s all that is left now.  Such a shame – I hope you find a buyer soon to allow you to exit these once-upon-a-time good investments.  I hope the same manager doesn’t screw up the tenants who had earlier put their faith in the place and you as the landlord.

    And good luck to you Tom – I…[Read more]

  • Benny replied to the topic Perth Property in the forum General Property 2 years, 3 months ago

    Hi Freedom,

    I really can’t help you.  I watched as Perth sank while the East were going up several years back.  I always heard that “Perth did its own thing”.  Just recently I saw signs of life in Perth, but I don’t have a handle on just what is happening there.  What are you seeing?

    There are some Perth members who pop in from time to time – m…[Read more]

  • Load More

Benny

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