Mine’s $1250 for our PPOR! Does that count?

Just your regular 3 x 1 in Hedland

Cheers
C@34

Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas Edison

Can’t either GR,
maybe you can go back via Heldand? Just for some perspective, hahaha!
It’d be interesting to catchup and let you peruse what I have just to get your PoV.

Wish you all the best while there, hope you find what you’re looking for!

Cheers
C@34

Our greatest weakness lies in giving up. The most certain way to succeed is to always try…[Read more]

Hi Roy,
not new information, but certainly succinct in its presentation.

Good read! Thank you.

Cheers
C@34

Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas Edison

Hi all,
I have always been fascinated by the difference in calculating the return depending on what you way you buy the IP! Whether you use equity or cash as a deposit, isn’t the return just a function of the profit (or loss) divided by by what you put in (be that cash or equity)?!

For example: $20K cash deposit and you end up with $5k profit…[Read more]

I agree with Smowy!

Quite interesting! I’ll need to put togwther a book soon of little snippets of ideas of what to do and what not to do! I have all these little pieces of paper in files….

Cheers
C@34

Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas Edison

However, because the property manager’s contract says that the management fee is calculated on “gross collections” (instead of just rent), 9.35% of what the tenant pays as re-imbursement for water consumption is taken as management fee, and the owner receives about 90% of it.

Can’t honestly say I’ve come accross this before. If you are stuck for…[Read more]

bwalkerau Posted – 06/12/2005 : 21:24:54

Does any one have any tips for a beginner. I have studied lots of material but am yet to starrt actively looking for deals. Am I best to go to one of Steve McKnights seminars before starting?

Thanks

BW

Ahh….. where to start?

You need to discover where you are at (I say this because I thought I knew…[Read more]

Looks like what I’m after!

Thanx Redwing

Cheers
C@34

Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas Edison

vexil Posted – 06/12/2005 : 16:02:07

I think what carl_vic is getting at is: Is there anyone out there that you can buy a pre-established trust from? Or more specifically, is there someone out there that will let you buy the appointorship of their unused trust that was created 12 months ago?

I’d be a bit careful about this. What if the…[Read more]

Woah….

Nearly missed it! Big 500!
[party] [xmas]

Cheers
C@34

Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas Edison

Hi blogs,
the two times we bought a property, part of settlement was an inspection. Our Settlement agent made sure that we didn’t sign off on the settlement papers untill we were happy – once we did it would be too late for any recifications of problems. So, no I don’t think he can do this indefinetly.

He maight have good reason not to let you on…[Read more]

Have they made a will?

Seems like a silly question to ask, but my parents didn’t until my mother got terminally ill. Some people just don’t worry about it…..

For my details please PM me! [grin]

Cheers
C@34

Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas Edison

NB: some have tried wife 2.0 and 3.0 and report it just gets more difficult!

So I stick with wife 1.0 and have upgraded with ‘Extra Responsibility 2.7’, ‘Garden Renovations 4.1’ and auto-run ‘Massage 6000’ on a regular basis! SO I have a lot less issues with the stability of my operating system!

Hehehe gooood one!

Cheers
C@34

Our greatest…[Read more]

Hi Becca,
an increase in rent only results in an increase in property value on Commercial properties; rom what I know, as that is one of the contributing factors to its ‘Usability’ and, hance value!

Residential properties are as the two gents before me have explained!

Hope that helps clear up any confusion…

Cheers
C@34

Our greatest weakness…[Read more]

carl_vic Posted – 05/12/2005 : 15:25:03

Ok, here is another hypothetical one; what if a trust was created last year or whenever, and the deed was written in such a way that appointor could be changed at a later date, thus effectively transferring control of the trust to a different entity.

Carl_vic, my understanding is that the appointor ios…[Read more]

I’m not saying that creating your TRrust and Pty Ltd structure first is wrong, in fact it is most likely the way I will go myself!
I merely put out another way that I have just come accross that might work. I haven’t discovered all the ins-and-outs yet, or why this person chooses to go this way, it just seemed very different.

TO answer your…[Read more]

Dazz,
wow – what a coup. I’m sorry for your loss, but I’d have never thought up such a grand scheme. Talk about shoddy ethicks on that REA!

Just goes to show how truely naiive I still am! Thank you for sharing that with us, I – we appreciate it. It is unfortunate that we are learning from your loss, buyer beware!

I guess you are doing your other…[Read more]

Hi

Yes Dazz, hellman Posted – 01/12/2005 : 18:08:33
Dazz – how???

I have recently met a Developer here in sunny Port Hedland who buys exclusively with the “and/or XYZ PTY LTD” and then he puts in brackets (to be incorporated). He does tell the REA that he is going to set up the Pty Ltd once the offer is accepted – no point in spending the…[Read more]

Sorry deejay12, couldn’t resist!

Basically, when Steve wrote the book it was in an upward market, so prices weren’t high but the rents were, comparatively. Positive cashflow IPs are still available, although you have to look a little harder now and the rule would not be as applicable now as it was then.

Now, the market is steady or in a down…[Read more]

Times change!

Cheers
C@34

Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas Edison