Forum Replies Created
- Originally posted by Brenda Irwin:
Does the airconditioning have to be of the expensive ducted type? In my own home, I had an LG airconditioner installed; the window type. Cost was less than $1000.
Had it have been for an ip, that amount would have been put into a ‘low value pool’ and within a few short years, I would have my money back without having to increase the rent.
If you want to get out of a hole, first stop digging.
Brenda (or anyone who knows) what is a ‘low value pool’ and how does it work? I’ve never heard of this, interesting to find out what you mean by it!
I think that an airco in hot areas is a must, tenants love it. Yes may be you can just ask your tenants how much extra rent they would be willing to pay if you put in an airco for them.
[book] What I’d love to do all day
[computer] What i’d like to do between pages all day
[offtopic] My favourite subject hehehe as you probably noticed. My challenge is to try and stay off-topic all day hehehe. It’s harder than you think!
[gossip] I like a bit of that (but not all day)
[chinese] I could eat this cuisine every day all day mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
[party] Reminding myself life should be fun every day all day.
Mel I hope you’ll find a much better job soon! Sometimes things turn out for the best, you’ll never know what other opportunities are around the corner for you!
I think sometimes it’s harder to convey what you really mean if people can’t see your facial expressions (the smilies might help a little though[biggrin]), and also no help from expression in our voice, so people can just take things the wrong way relying on text-only.
THings can come across differently than we intend, things can sound harsh while we don’t mean it or jokes can go wrong.All of the people on this forum I have found are lovely and I don’t think anyone purposely wants to hurt another person.
We all have different opinions and we should respect that, and try not to personally attack unnecessarily.
We all have problems in this life, we all had problems in the past, a bit of compassion for each other wouldn’t go astray.THat’s why I think we should, at least on this forum, try to make life easier for each other by helping others as much as we can.
I have seen this happen, so many lovely people here on this forum.
One argument should not be taken out of proportion, as Simon says sometimes you have to lighten up and try to return things to normal.
[strum]No more exasperation reading posts from half brained idits,…I’m glad you’re talking to just the men on this forum, Pisces, lol hehehe.[whistle]
[party]Thanks heaps Chan! How do ya like my cute image?
Took me ages to choose, love the images! So better go go back to [buz2] and get some work done now!Have started reading the new Lomas book yesterday night, interesting so far, you’ll have to be familiar with her other books because she refers to them throughout this book.
Hi again Kay, Rubbachook and others answered your question for me better than I could have!
I’ve only read one book by her so far, I liked her idea but I do think that this strategy is less powerful than buying CF+ straight out, since you can’t keep depreciating, it has to end somewhere, also it only works when you’ve got income, so what if you want to retire?
I suppose it has its place if combined with CF+ which gives income, like sis talks about sometimes.Hey I’ve said it before, sis you should write a book about your strategy- lots of people will benefit from your knowledge. Many people don’t know about this, and it seems very complicated to organise or set it up like you do. I haven’t quite grasped it yet.
But then again…all your secrets will come out hehehe[party]By the way [offtopic] where do you people find these cute images to put next to your name on the bar above your topic?????
I want one too!!![thumbsupanim][suave2] sis!
[exhappy] for you!
But [jealous] I am a bit!
[wink2]
I hope it works out for you.
[buz2]part as well as [strum]Yes thanks SIS, oh I regret so that I can’t go there, would have wanted to go. But I promised a friend I look after her kids for the weekend while she moves.
Didn’t know that it was going to be on when I promised, so next year I am going to find out early to keep that weekend free!!!
I heard that Hans Jakobi is speaking as well, would have loved to see him! (sob sob)
Are you still not going, sis?Rubbachook, I’ll let you know about the book. You can borrow it if you want when I’ve read it, I could just stuff it into your mailbox.
I have just bought her new book: A pocket guide to investing in Positive Cash Flow Property.
I’ll start reading it tonight.
I’ve read “How to create an income for life” but may have to re-read parts of it since it was a while ago.
I like her and ther’s free software, too.
What do you think of the software if you have downloaded it?WOW sis, where are you going?
Is it [buz2] or [strum]???“I doubt if the market rent is $170 he will probably not find a property that rents for $150 easily anyway.”
Sorry this sentence didn’t make sense and I can’t find an editing button??????
I meant to say that I doubt that he will find a property like yours that will rent for $150 if the market rent is $170.
On the other hand, if the market rent for this property really is $170pw as your manager says, and you are only going to raise the rent to $160, then your tenant is still getting a good deal.
I doubt if the market rent is $170 he will probably not find a property that rents for $150 easily anyway.If everybody is keeping their rents much lower than market rent, then rents are never going to rise.
As has been said, it depends very much on the vacancy rates in the area- ask your PM if in the worst case the tenant moves out, how quickly he/she thinks a new tenant can be found at the rent she recommends, and double check the vacancy rates of the area yourself, see how long it generally takes for properties like yours to attract a tenant, and at what rent.Let us know what you decided and how it worked out!
[smiling]I’m just doing research on the internet about a new area I’ve set my eye on, just want to find as much info as I can this weekend.
Husband hamster and son are busy making more shelves in the large toolshed and clearing some stuff from the garage, which is so full of tools, timber, paint etc you can’t even walk through the garage. But ‘we might need it one day’, [hmm]
Oh wouldn’t I love to just get rid of everything!I have just one [glum] yes one property, neg geared (5.01% yield), bought it just before reading Steve’s book last year. Really nice, good quality house and land in good location in Dubbo.
I have been looking for a CF+ property for months now but haven’t been lucky in finding something I was happy with. I’ll keep trying, RE Agents are getting to know me now (probably getting sick of my enquiries).
Kay, sounds fun your version of monopoly, I used to play it a lot as a child, except the Dutch version.
I wonder why there isn’t an Aussie version with Balmain and Mount Morgan and Broken Hill etc, would be so much fun! Why do Aussies always have to play some-one elses games?!
Oh by the way shouldn’t we have a Henry Kay piece as well, and then leave him rot in the local jail! Maybe Neil Jenman can be his visitor and there may be a bashing.[ohno2]Upline, downline, in the middle, where ever you are or wannabe, if the pyramid tumbles, and it will at some stage, you are all on the same level again: on the floor of the dungeon, and this is the reality.[upsidedown]
Yes Kay, I checked on the website and in fact he does give this guarantee of your money back if you don’t make 5x the amount of the cost of the course in 1 year.
It sounds really good, doesn’t it? Now I just need a spare $3000.
I could take it out of my LOC but don’t really want to do that, and pay interest over it[worried], [puke].Do you, or any of you, borow money for educational materials, or do you wait and save up for the costs?
[confused2]Good on you Yack, this is what she deserves!
[rambo2]Originally posted by melbear:I got a flyer recently advertising his home study pack, and what it says is included looked really good, and if I had a spare $3K that I was willing to commit to it, I would have bought it.
I just dragged up this oldish post, because like Mel, I also received the info/flyer on his home study pack, and I feel exactly the same as Mel. It looks so good and comprehensive, and lol if I had a spare $3.3K I would really like to purchase it as well.
On his website Jakobi says that he has 28 years experience investing in property. It’s so tempting to buy it, but then again many salesletters cleverly are set up so that you IMMEDIATELY and DESPARATELY want something, and I have been disappointed before. WHen I actually purchased the things that sounded SO good in a salesletter, in reality it didn’t really measure up.
But still, I really want this (I guess one never learns [rolleyesanim]). WOuld be good if you could just have a look first to see if you liked it before buying.I agree with Mel.
I also think it may be wise to make up your mind about whether to sell your PPOR or to rent it out, or to keep living in it and have it revalued to be able to use the equity you’ve built by adding value/renovating before you finish decorating/renovating.
You see, I think if you decide to keep living in it, then you would probably want to redecorate according to your taste, add nice little extra things and fittings, perhaps expensive bathroom fittings etc.
If you decide to rent it out, you may want to use just cheaper fittings etc since expensive taps, doorknobs etc won’t give you any more rental return then basic ones in an average house.
To rent it out you could keep it simpler to reduce costs, and also use neutral colours that won’t clash with anyone’s furniture so the place would be easier to rent out.
A lot of tenants are put off by pink or blue walls and curtains, from what I have found out.
E.g. pink walls and curtains in bedrooms won’t attract families with boys.
Just some food for thought, hope it will help in some little way.[offtopic]I LOVE these smilies!! Seeing them for the first time, haven’t been here for a couple of days.[happy3] [inlove][thumbsupanim]
ANyway, back on topic, I thought that even if a lease is in place, in the case of a property being sold, that the vendor has the right to end the lease early as long as a month (after exchanging contracts) notice is given to the tenant.
In any other cases it would be breeching the lease, but not in case of a sale.
Well, I read this somewhere, don’t ask me what book it was in. [bonjour]
