We have the mighty 1980 Valiant wagon on LPG.$1500 buy a couple of years ago and an appreciating asset.Bloss

Maybe not as big an assumption as suggesting we’ll do our ass, but hey at least we’re having a go.

“The men who try to do something and fail are infinetely better than those who try to do nothing and succeed”
Lloyd Jones[biggrin]

I predict your ‘portfolio’ will be unsellable for $900,000 by late 2008 if you still hold all the properties. It will be interesting to see whether you’re still so ‘hard’ yourself then, or whether you’re screaming for charity handouts and government intervention.

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Don’t know how you can predict this Foundation ,as you don’t even know…[Read more]

Bloody hell mate, i’m 40 years old and havent worked a paying job in 10 years., but am lucky enough to have a lovely partner who looks after me who is on 60k/year.

We feel like tightarses for not buying xmas or birthday presents, even for us.
We drive a 1980 Valiant that cost $1500, but is on LPG , all our furniture and kitchenware was castoffs…[Read more]

Mate thats a bit out of our league,only done removals,subbies and spekys to date although we wish we ‘d grabbed some 4 packs a while back while still cheap.
FYI the road up to MM is a bit steep and winedy, would be fun towing a van and don’t know how many visitors and through traffic you’d get.
Be carefull and do your research, theres been blood…[Read more]

They’re the agents I use to manage my IPs and I keep a very close eye on the rental market in the area.

mmmmmmmaybe…..
The same RE Agent has had those two MM rentals on their books for months…..

Richard,

I must congratulate you on your success. I totally agree with you – I wish I had have been smart enough to buy up property when it was $30,000!!

You are a braver person than me. The Rocky market seemed like the safe option a few years ago, though not as easy these days.

Keep up the good work.

Bloss

Have bought several IPs over the last few years just up the road in Rockvegas, which seem to be doing well, thanks to the coal mining boom. We fell for the same “bargain” prices in Mouth Organ, went for a drive to check it out, and quickly turned around and couldn’t get out of there fast enough. It was a real eye opener – not quite the “Golden…[Read more]

There was a story on page 30 of today’s “Australian” about a new landlord’s insurance with ACE Insurance, part of the ACE Group of Companies. They reckon they’re very competitive.

I’ve never heard of them, and of course they make it sound wonderful – worth a phone call maybe??

Bloss

I don’t know anything about the WA market (other than what people keep telling me) but those prices seem out of this world!! We’re not paying anything like that over here in Qld. I’m sure with a bit of ringing around, you should be able to do better than that, especially since agents are scratching for rental properties over there, aren’t…[Read more]

Di,

I have dealt with NRMA, who I found to be among the cheapest I could find (not necessarily the best product however). I also found the people I spoke to on the phone a bit dippy (you have to get them to explain everything very clearly).

I have recently changed over to Westpac (as part of a refinance deal) who seem really professional and…[Read more]

PS don’t forget it’s all claimable!

Bloss

Yep, that’s exactly how they do it (plus all their little extras).

Bloss

Dee,

I negotiated a much lower rate with my manager, but that was because I have multiple properties, all in the same town 700km away from home! In which case they are a necessary evil. I must say my manager does a great job, especially finding and interviewing prospective tenants – I would never have time for all that! Just be aware – when…[Read more]

cjay11

It’s a shame no one has answered your call. We’re in the same boat – desperately chasing switched on tax accountant in Bris area. So where are they??

Bloss