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calvin_thirty4

  • willy123 Posted – 02/11/2005 : 09:44:40

    Quote:
    Originally posted by Dazzling:

    [navy]I absolutely love old buildings that are cashflow positive. Can’t get enough of them. The rusty old tin sheds I bought are great and the tenants don’t want to go anywhere, having just signed up for a 4 yr term with a 2 yr option hanging off the end of…[Read more]

  • calvin_thirty4 replied to the topic Property Investment Model Help needed in the forum Help Needed! 19 years ago

    Hi Brendon,
    I belive that in Steve’s book he calculates a figure of roughly 5% for closing cost. This does include payback for the Rates and Taxes.

    Regarding insurance – we found that security affects thsi very much! A word of warning on insurances, DON’T insure the house for what you’ve bought it (ie: Buy $150K, insurance for $150K)! My friends…[Read more]

  • calvin_thirty4 replied to the topic Advice wanted in the forum Help Needed! 19 years ago

    So, … Cyclist, …

    wats the go?

    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

  • calvin_thirty4 replied to the topic What’s your occupation ?? in the forum Opinionated! 19 years ago

    Hmmm,
    went to Uni to become a Vet. Didn’t like the theory to much but enjoyed the surgery and research (sick puppy that I am).

    Left worked in a Vine Yard (can only use expletives to describe that experience) then decided to study Business Management (why not) graduated and became a bank employee (No not with WHICH BANK).
    After 4 years I left and…[Read more]

  • calvin_thirty4 replied to the topic What’s the story? in the forum Site Problems / Feedback 19 years ago

    Same for me!

    Might be a glitch – if, however, you get into the topic itself you can subscribe there. It’s a lot slower, but it gives you the same result.

    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

  • calvin_thirty4 replied to the topic Gifting to a Trust in the forum Legal & Accounting 19 years ago

    Terryw,

    are you saying it wont be legal in OZZ?

    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

  • calvin_thirty4 replied to the topic Property and finance ebooks in the forum General Property 19 years ago

    Hi resi,
    I’d be inclined to agree with Shwing although it is hard to say as it is anew concept for me.
    Important is quality coupled with examples (for those that are as thick as I am) to illustrate the point.

    Depending on the Topic or number of topics, and the quality of the info – I’d pay more for better stuff! Keep the marketing cr..p separate…[Read more]

  • calvin_thirty4 replied to the topic Construction Date for Depreciation Purposes in the forum General Property 19 years ago

    Hey Shwing,
    I thing you can get that info from the Gov Generals Office – or DOLA.
    I used to have an emial address of a lovely young lady in the GGO and send her my CC details and authorise her to debit the $7 or $8 for a search on a property. GIves you past owners, current owners, some details of the house and date of completion… from…[Read more]

  • Hi,
    just sent a comment to Jenman (see below):
    Good afternoon,
    just wanted to know if the “wrap Contract” in question is one from Steve McKnight or another “home-made” job. Was the Wrapee not able to put a caveat on the property to secure themselves at least a little bit? We are wrapees and are very happy – yes we pay more, but recently we gained…[Read more]

  • calvin_thirty4 replied to the topic Loan Repayment software? Or formula? in the forum Finance 19 years ago

    Big P,

    Sorry! That doesn’t sound the way it should….

    Respect!

    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

  • calvin_thirty4 replied to the topic Loan Repayment software? Or formula? in the forum No Subject 19 years ago

    Big P,
    I think that MS Money does this sort of thing!?! You can down load your bank statements of the internet and imprt them into the corresponding MS Money profile.

    That reminds me, I’ve got it – really should look into it…… Anyways it doesn’t cost too much ~ $50 from memory. Go to Harvey Norman or Retravision say that you want it and how…[Read more]

  • calvin_thirty4 replied to the topic Request to remove palm tree in the forum No Subject 19 years ago

    Dazzling – hehehe I haven’t heard so many big words in one sentnce since I stoped studying! Brings back memeories, tho [party][grad][puke][sick3][party]

    Hehehe

    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

  • calvin_thirty4 replied to the topic Dodgey electrician.. what to do? :( in the forum Help Needed! 19 years ago

    Where is the Emotion Off Switch? Would love to re-read this post minus the emotions! Definite Learning to be had here!!

    NEWGEN – too bad about the tiles! I know that when the budget is tight that these things make you more cranky than anything. Looks like the Sparky might just surprise you and pay for the damges – lets hope so.

    Crashy – I see…[Read more]

  • calvin_thirty4 replied to the topic Loan Repayment software? Or formula? in the forum Finance 19 years ago

    Hi Redwing,
    Our statements show the REA companies name and Trust a/c name when rental deposits go in.

    Sounds to me like they are in the 21st century and send your money electronically! This way the tennant puts the rent money into the REAs Trust account and they trf it to your account minus their fees.

    I guess my idea is more relevant for those…[Read more]

  • calvin_thirty4 replied to the topic Request to remove palm tree in the forum Help Needed! 19 years ago

    Marisa,
    I was going to suggest the local Fire Brigade or Vollies might do the same.
    Perhaps inviting the neighbour to a BBQ (on you) to discuss the situation might solve the issue?!
    My old man is not the easiest person to get along with (ask any-one who knows him), but he used to just yell back at people “.. shut up, grab some beers and come over…[Read more]

  • calvin_thirty4 replied to the topic DSR Calculations in the forum Finance 19 years ago

    Yes All,
    I’ve got the wrong percentages under the line!
    Read Wages x 35% added to that Rent x 70%!

    Sorry

    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

  • calvin_thirty4 replied to the topic Would like an accountant’s oppinion in the forum Legal & Accounting 19 years ago

    CM,
    Do you need to have a eners licens for this sort of thing?
    I seem to recall that you can not do ‘Vendors Finance unless you have a lenders license – one of the reasons I didn’t investiget this option more.

    Can you clarify this point, please.

    Cheers
    C@34

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

  • calvin_thirty4 replied to the topic DSR Calculations in the forum Finance 19 years ago

    Redwing,
    I have always used the following calculation and, so far, no bank has told me that I am too lenient:
    DSR = all loan repayments per month x 100
    (Wages per month x 70%) + (rental income per month x 35%)

    the value then has to be < 35%.
    hope that helps. You may already be using this…

    Cheers
    C@34

    Our greatest weakness lies in giving…[Read more]

  • calvin_thirty4 replied to the topic Tenant making Demands – please advise!! in the forum No Subject 19 years ago

    Ms ShellyD,
    correct me if I’m wrong, but: Her lease is up and she says she is moving out to have more space for her baby. The agent finds another tenant to move in the day she moves out (in a couple of weeks time), she rings and changes her mind because her circumstances have changed. She wants to sign on for another 6 months however I think she…[Read more]

  • calvin_thirty4 replied to the topic Loan Repayment software? Or formula? in the forum Finance 19 years ago

    Psychiatrist,
    are you trying to find out what you pay/ And/or what penalty interest late rental payments incurr?

    If you are only looking for tracability? It is easy enough to set up an “Agent ID” on a deposit book with most banks. What it does it allows several different agents (read Tennants or REAs) depositing into one account but each having a…[Read more]

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