Forum Replies Created
- Originally posted by The Mortgage Adviser:
If it wasn’t for workers, think how the situation would be then?
Kids grow up and become workers.
If everyone was having kids, what do YOU think would happen to property prices and vacancy rates.
If nobody was having kids, what do YOU think would happen to mortgage advisers?
Hehe Rob, just having some fun since this IS the fun forum!
Ya like teasing people, just for fun, don’t ya?[party]Celivia
YAY exciting! Now kids have somewhere to wipe their sticky fingers on – the touch mouse surface pad! [biggrin]
I haven’t looked in McDonalds for ages, we normally use the drivethrough when we get Maccas.
Worth to get out next time and have a peek!
[glasses]Celivia
Good idea Mel! (GIM hehe)
BBS = be back soon
Rob what does O/O stand for?
TTFN
Celivia
Let’s not forget FYI= for your information.
LOL[whistle]Celivia
Originally posted by Monopoly:Hi Marisa,
I’m still learning, but here’s just a few…..
IMO = in my opinion
IMHO = in my honest opinionISTM = it seems to me
LOL = laughs out loud
OMFG = Oh my f****** God (sorry, you’ll have to figure that one out for yourself)
LMAO = laughing my a** off (again, think about it)
TTFN = ta ta for now
REA = real estate agent
PPOR = primary place of residence
(you probably know the last 2 anyway)Hope that helps a bit.
Cheers, [tongue]
JO
LOL reminds me, Ionce used IMHO in a post, thinking that it had this meaning.
Then someone asked me in what part of my opinion I was being humble.
So from then on I always thought IMHO meant “in my humble opinion”.
So just to make sure, does the H stand for honest or for humble? [blush2]Celivia
[/quote] In my opinion, after the education into sex ed and other silly little stupid policies the incoming state government (Goss) had to put into the schools just were a waste of money. You can try to educate someone but they got to have the interest and intellect to want to learn from it.[/quote]
I agree. However… this is the case for every subject.
There will, for example, be pupils who don’t have the interest to learn maths.
Does that mean the maths program has to be dropped or that there’s no need for improvement?
Or does it mean there is room for improvement until these pupils will have a better grasp?Even if a minority of pupils benefit from these sex education programs, it is worth it IMO, as it will have a future ‘domino effect’ on their own kids and grandkids.
Hmmmmm [ohno]….If they EVER gonna have kids after participating in this very much improved program hehe [party].
Oops, oh well this IS the frolic forum![upsidedown][biggrin][biggrin][biggrin]
Celivia
Re single mothers, may be the answer lies in education. Well I’m talking more about teenage pregnancies here.
I think a lot more could be done in the area of sex education. I know they have programs like drug and sex education (my own kids took part in these programs) but these programs may not be intense enough for many teenagers.
I believe that the rate of teenage pregnancies would decline if the programs would be more individualised and intensified.Celivia
It wouldn’t matter to me whether a block of land was irregular shaped or rectangular if all other aspects were favourable, like in this case.
Do you ask from a ‘feng shui’ point of view?
Celivia
“30 properties in the area for an average of $20,772 and sold them for an average of $48,433.”
I dunno Lucifer, it sounds like a lot of profit to me… How many hours of “work” do you figure it would have taken?
And, people, re calling someone ‘stupid’- haven’t we all, at some time in our lives, been a ‘victim’ and later wished we had checked out things a bit more thoroughly, or wished we had not trusted a certain person because we found out that person wasn’t worhty of our trust?
Did you class yourself as a stupid person after making that mistake?
We all make mistakes…it’s part of life!Celivia
Baloo, I have found the body tricks you- in the very beginning you feel as if you don’t need nicotine, but suddenly, even about 6 months later you can still get a craving!
Just be aware of that…maybe haves some patches laying around in case…[cigar]
Celivia
Dom, the agent who told you about the rental return is the agent who is selling the property, right?
Don’t take his word for it.Check it out, see how much other properties similar to yours are actually renting for.
You can check out rents either by asking for rental rolls from agents, or on a RE website such as realestate.com or domain.com, or you can ring around RE offices and ask.
Many would be happy to give you a free rental approval/estimate.I think you will be asked for a written letter from a real estate agent (property manager) about rental income anyway by your lender before loan approval.
Celivia
I am wondering, is there a certain established ‘rule’ lenders use to decide whether or not someone has become too ‘rent reliant’ to be able to borrow more?
For instance, do they use a formula, e.g. rental income should be no more than, say 40% of your total income?
And when your rental income passes that treshold, (say that your rental income is now 60% of your total income, and only 40% is earned from your job) is the rent above that 40% treshold not taken into account anymore?I just wonder what lenders actually mean when they say that someone is too rent reliant and therefore not able to extend borrowing. What is the factor that decides this; how do they work it out?
Celivia
To answer your question on whether or not this looks like a good deal, I could not tell from numbers alone. It depends where it is, what the vacancy rates are, how big the population is, the future population prediction, what industries there are etc.
ALso, like Yack, I’d want to know a lot more about the accuracy of the rent, it does sound rather high.
It also depneds on whether it needs work- yes the price is $156K but what if it needs $50K spend on renovations? A roof for example, is an expensive part to replace, so are kitchens and bathrooms.
ANd if it’s wheatherboard and the boards are chipped or cracked (I have seen some cases), and there is asbestos involved, it might also be a costly job to get that removed and replaced.So unless I knew all these details I couldn’t tell whether it was or wasn’t a good deal.
Make sure you find out as much as possible, not only the numbers.
Good luck!
Celivia
Just adding that you also have to take into account the purchase of expensive electrical equipment and tools they (e.g. carpenters) are using, plus the maintenance and repairs of that equipment.
Celivia
Well done, MM, congratulations![biggrin]
Celivia
Celivia’s responses in maroon
Originally posted by Y:What is best course of action if you buy a house and previous tenants have moved out, and left big mess in Yard, and waiting for salvo’s to come pick up toys etc in house.
Personally, I would just ask my PM to deal with it all ASAP meaning get rid of the mess. Pay for it and forget about it. It’s best to get that out of your life and get on with more enjoyable things. [party] [satan][sleepy2]
Later you can sort out whether or you not can claim any of the costs of cleaning it all up.
If i get SKIP Bin who pays, can i drop off mess to thier place of business and say ‘here’s your stuff’
Again, if it were me, I would just get on with it, no need to cause more stress and worry [worried] and no need to be ‘revengeful’ [rambo2] by dropping their mess at their place and saying ‘here’s your stuff’.
If they wanted it they would have taken it. Just get on with your life and forget about it.[whistle]
Keep it simple.
But then again, I might be a simple person.[upsidedown] [biggrin]Y
Celivia
Three months of vacancy- what a worry![ohno2]
I agree with Derek about reducing the rent. I would!
Are you sure the rent you are asking is the market rent for a unit like yours?If you’d reduce the rent say $10 per week on a year’s lease, yes you will lose out on $520 for the year, but how much will you lose out on if the unit is going to be vacant for another 2 or 3 months?
Is the unit desirable enough?
Are there things that you could do to make it more desirable? Compared to other 3 bedroom units in the same area, is your unit up to standard?I would certainly talk to my PM and ask for their advice about the rent and about what they think you could do to attract tenants.
Have they done their job properly e.g. advertising, showing people through etc?I hope all goes well, dejej!
Celivia
hehe Kay Hrney i am not a gnueis but osoalclcy sfuefr form mnid bgegol dssaiee.
Celivia
So wulod tihs maen taht dscilxys culod jsut cnertaocte on gtneitg olny the frsit and the lsat ltertes rhgit?
Celivia
wow edrenive I culond’t bivele it eheitr! How wired and ipmsoslbie it smees!
Good fun!Celivia
