Forum Replies Created
May be it will work if you buy the whole town and then, when you need your money you can just place a signpost at the entrance of the town saying: Town for Sale.[:o)]
But seriously, I don’t know if it will work, you obviously have more local knowledge of the town than any of us, you understand how these people live, this is a new world to me (and most of us) so I don’t feel that I could be of any good help.
I still find it risky in my opinion, but then again, I am not experienced myself and still learning. Just I personally wouldn’t buy in really small towns.
Let us know what you decide at the end
]Yes it’s pretty rough as far as I know, haven’t ever actually been there myself, but a friend’s friend bought a property there a couple of years back and had nothing but trouble, terrible trouble.
Then again, the area may improve like bad areas do sometimes especially if values go up.
I think there’s bad areas and better areas there anyway, so no doubt, as usual, researching is very important.[]Hehehe [
] Rugbyfan what can I say? Woof woof and that’s all I’m saying![:o)]I am so impressed with Steve’s integrety and generousity![^]
There’s only good things to say about him, in my opinion.
Yes it would be good if we all could have a say or vote which charities the donations should go to.[]
I don’t believe how generous Steve is!About what he said about wraps, I think Steve wasn’t actually attacking wraps as such, but just people who mis-use wrapping and there should be more/stricter regulations about it. This is how I understood it, anyway.
Thanks Rugbyfan, you have wonderful ideas, which will benefit a lot of people. It must have been a great effort to type out this info twice![
]Thanks SIS, I’ve printed it out for my info file.[
]Hehe Chan, that’s tough when you’re addicted to buying properties. May be you can join Real Estate Anonymus.
But no, seriously, I am thinking myself that I’ll wait buying more properties after the one (only our 2nd) we are buying now and perhaps for a year (or 2 years) or so invest some money in may be a mortgage trust or property trust, or somewhere else.
I don’t know much about that yet but am collecting some information about it.
Anyone know where you can get good returns, I have found 9% so far. But there must be better returns than this…somewhere…out there???I just want some guaranteed returns on some money (borrowed out of LOC) until the property market is going to boom again. Just want to find out if it’s worth it.
Chan, Maybe your wife will like the idea of having a little break and do something different to get reasonably good returns that are guaranteed, some people get a bit nervous when investing while the property market is flat or going to be flat soon.
Anyway, are we allowed to discuss property/mortgage trusts on this forum?
[]It still has -kind of- to do with property investing and the money is only sitting in the trust waiting to be re-invested in property again, and I’m talking about unlisted investments so they’re not counted as shares…I think?
Just tell me off if I should leave this topic alone on this forum.But I’d like to discuss these investments as well, if not on this forum, does anyone know about another forum where you can discuss and learn about these things???
Regards Chan!Yes SIS I’ve got it and it’s great, except now I know that my suburb is not going to perform well this year[8] and [V] and [:p] and also [
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I’ll just wait and see if these people are gonna be right.
This is the 3rd time they have done this report, did anyone buy it last year or the year before and checked if the projections were correct?
Oh, Westan, you mention that they have no idea. Was this opinion based on last year’s guide?I think so too, se7ven.
WHat would be the case with a line of credit from the equity of your house? Say if your LOC limit is $200,000 I hope that this is not being counted as a $200K debt![]
What do you think?I’m happy for you Melbear.[
] Hope you do well.Alpina, Surrey Hills houses projection 4-8% CG and units 0-3%.
Hi again, Melbear, just dragging this post up again. Have you looked in the yesterday’s Sun Herald 2004 Sydney Property guide (not sure if you could get your hands on one)?
The 2004 projections for houses in Paddington is said to be between 6-10%! Not bad. Not many other areas are predicted to perform better than that, many worse! [
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Regards!
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