Replies Created | Forums | clones | PropertyInvesting.com

Forum Replies Created

Viewing 20 posts - 21 through 40 (of 67 total)

« 1 2 3 4 »

clones
Participant
@clones
Join Date: 2005
Post Count: 81
January 27, 2006 - 5:33 am
The trust structure does not protect any of the assests under the structure. Meaning that if you get sued you can lose you property IP.
************************
The net result is not so much lies, damn lies and statistics but rather vendor dreaming, buyer wishing and agent glossing.
clones
Participant
@clones
Join Date: 2005
Post Count: 81
January 25, 2006 - 2:48 am
Hi kingdavid,
Can you explain a bit more about they can negotiate on the duty? I do not get it very clear how it is negociated?
Clones
************************
The net result is not so much lies, damn lies and statistics but rather vendor dreaming, buyer wishing and agent glossing.
clones
Participant
@clones
Join Date: 2005
Post Count: 81
January 24, 2006 - 7:37 am
As you have been checking new estates, how much do you reckon Mirvac or the others are willling to negociate the prices on new homes?
Do you reckon is easy to negociate old homes?
Clones
************************
The net result is not so much lies, damn lies and statistics but rather vendor dreaming, buyer wishing and agent glossing.
clones
Participant
@clones
Join Date: 2005
Post Count: 81
January 23, 2006 - 12:52 am
Originally posted by mgr:
Thanks mkc,
I thought the Brisbane CBD was overpriced in December 2004 compared to other CBD’s they are going to phone in the next couple of days , I am thinking of putting in an offer 10% below what they priced in Dec 2004 instead of 18% above.
I will leave it an open offer then they can always come back to me and i just have to hope that i have not overplayed my hand, its following the advice of most people on the forum no matter how much you want the property Business is Business.
Thanks.
Hi MKC,
Do not put an open offer, give them a month or something like that so they can suffer for that. If after a month nothing happens offer then 5K more for another 2 months. It is just an example but it is a good way of pressing them.
Clones
************************
The net result is not so much lies, damn lies and statistics but rather vendor dreaming, buyer wishing and agent glossing.
clones
Participant
@clones
Join Date: 2005
Post Count: 81
January 19, 2006 - 1:25 am
Funny how people find excuses when they want and need to fill immune.
grossrealisation
“low doc”, he believes all these loans are only low doc.
pyramid
“property generally go north in the long term.”, I agree, but you need to get the one that go north if possible the faster. If you are happy to stay in the bottom from 5 or 6 years you are OK.
giddo
“especially when the herd is led by a journalist”. I guess you need to read it a bit more, it is a report based on “The repossession data represents the number of lenders going to the Supreme Court to seek an order so they can, if they wish, take possession of a home when someone fails to meet mortgage payments.”
Bias prevails here. I just put the news.
************************
The net result is not so much lies, damn lies and statistics but rather vendor dreaming, buyer wishing and agent glossing.
clones
Participant
@clones
Join Date: 2005
Post Count: 81
January 17, 2006 - 8:52 am
Originally posted by Dazzling:
That is just the real estate industry trying to talk it up.
Not so sure about that ecatt….all except number 3 are statements of historical fact. It’s what has actually transpired, not what they hope is going to happen. It’s difficult to ‘talk up’ history. It either happened or it didn’t.
The fact there is ~ 4,000 less properties on the market and a larger pool of eager buyers isn’t something the REA’s are dreaming up…it’s happening.
~4000 less properties, that is exactly what was told about the Brisbane market just about 1 year ago, funny the same words.
1. “All listings from spring were sold out in Nov and Dec”.
A quick search at realestate.com.au shows that there are some properties still there since October, historical fact or fantasy??
2. “There is low supply, strong demand and prices are going up. Buyers are paying the full asking price and sometimes in excess of this”.
Probably, the imporant question is for how long in WA?, for the rest of AU it does not happen anymore
3. ‘Right now is a great time to be selling, especially with the buyer floodgates opening after the holiday period.”
Agree 100%, selling no buying
4. “This time last year there were 13,000 properties on the market as opposed to 9,200 on the market at the moment.”
Possible because the smart people already sold and they do not have anything else to sell
5. “A place listed at the weekend in Swan View and 30 families looked at it. It sold for $ 10,000 over the asking price.”
One option is that they listed well below current price, this that isn’t mean they make money, words game
6. “Rents are up,up up. Existing tenants understand the situation and are accepting increases in rent.”
Ohh well, no comment
7. “At the weekend, a 3 bedroom duplex in Willetton was advertised for rent at $ 190 p.w. Many people looked through and it rented for $ 205 p.w.”
Luxury duplex with spa, I will pay 210 p/w
They are some kind of “historical facts” that make people think that they are in a world of fantasy and the reality is quite opposite. Funny realestate industry, they love to talk the market up.
Clones
************************
The net result is not so much lies, damn lies and statistics but rather vendor dreaming, buyer wishing and agent glossing.
clones
Participant
@clones
Join Date: 2005
Post Count: 81
January 17, 2006 - 3:30 am
Hi All,
Well, the sharemarket is performing very strong and 20% return is getting close now since the beginning of January. I’ll pool up some of that money and buy some investment property in a nice area close to the CBD for a 10% to 20% discount.
My plans.
Clones
************************
The net result is not so much lies, damn lies and statistics but rather vendor dreaming, buyer wishing and agent glossing.
clones
Participant
@clones
Join Date: 2005
Post Count: 81
January 17, 2006 - 2:14 am
From another forum:
“Well it looks like the results are starting to come in on the great house price debate. The housing industry is doing its best by describing falling house prices as “affordability improves”. Technically correct in that lower house prices are more affordable, but really, just admit it, house prices are FALLING.
In Sydney they’re falling at about the 1% per month house price crash “cruise speed” seen before in the UK and other countries. In the ACT they seem to be falling somewhat faster.
When you add in inflation and annualise the figures, Sydney houses are losing about 15% a year in “real” terms. If you invest with leverage then potentially it’s a lot worse than that.
The safe areas? Nowhere except Hobart and regional WA. It’s hard to believe they will be permanently immune from what seems to be a national trend.”
And that is why I said, if you want to keep investing in the property market please do so, it benefits the one that are not.
Clones
************************
The net result is not so much lies, damn lies and statistics but rather vendor dreaming, buyer wishing and agent glossing.
clones
Participant
@clones
Join Date: 2005
Post Count: 81
January 16, 2006 - 2:45 am
Easy, find a place they can pay quickly as a PPOR using the FOG and once they have some equity there start thinking about Property Investment. Don’t go out there and try to make dream money and get stuck for the erst of your life with a mortgage.
Clones
************************
The net result is not so much lies, damn lies and statistics but rather vendor dreaming, buyer wishing and agent glossing.
clones
Participant
@clones
Join Date: 2005
Post Count: 81
January 16, 2006 - 2:43 am
Well, put it in this way, if that is going to make money for you why don’t you take it? too small for you????, it smells strage to me. BTW, why the owner is selling if is that good deal?
Clones
************************
The net result is not so much lies, damn lies and statistics but rather vendor dreaming, buyer wishing and agent glossing.
clones
Participant
@clones
Join Date: 2005
Post Count: 81
January 16, 2006 - 1:56 am
The wonderful work of Commercial property, I have always found that a crapy business and as asdf says it is very risky for people without any knowlegde about it.
Clones
************************
The net result is not so much lies, damn lies and statistics but rather vendor dreaming, buyer wishing and agent glossing.
clones
Participant
@clones
Join Date: 2005
Post Count: 81
January 16, 2006 - 1:48 am
Originally posted by grossrealisation:
hi Sweet
couple of things and don’t take these to heart but grow to understand.
1. learn from the lady who owns boost juice its the fastest growing franchise and she hasn’t got there by wishing. shes done it by research and working on what she wanted to achieve.
Well, boost juice lady, when you have the financial sponsor of people like the parckers, you would have much more options to go ahead, isn’t it?, she got that from the beginning no after much effort.
Clones
************************
The net result is not so much lies, damn lies and statistics but rather vendor dreaming, buyer wishing and agent glossing.
clones
Participant
@clones
Join Date: 2005
Post Count: 81
January 16, 2006 - 1:46 am
Hopefully you do not get into one of these developers:
http://finance.news.com.au/story/0,10166,17834502-462,00.html
These are the first signs of the things to come, be careful, high returns, high risks, if you are comfortable with that??.
Clones
************************
The net result is not so much lies, damn lies and statistics but rather vendor dreaming, buyer wishing and agent glossing.
clones
Participant
@clones
Join Date: 2005
Post Count: 81
January 16, 2006 - 1:43 am
I’ll save you some time, the 11 second rule is not applicable anymore and if you find any property that fits is because it is in a crappy place or in the middle of nowhere (no tenants). Try to find another options, do not get confuse with the property investing gurus (realestates, brokers, developers) that keep saying that there are many options out there.
************************
The net result is not so much lies, damn lies and statistics but rather vendor dreaming, buyer wishing and agent glossing.
clones
Participant
@clones
Join Date: 2005
Post Count: 81
January 13, 2006 - 11:09 am
They told you the truth. There are still some in very crapy places and towns in the middle of nowhere. If you are happy with that keep looking.
************************
The net result is not so much lies, damn lies and statistics but rather vendor dreaming, buyer wishing and agent glossing.
clones
Participant
@clones
Join Date: 2005
Post Count: 81
January 10, 2006 - 5:55 am
Just wanted to add the numbers:
Current PPOR = $240.000
New PPOR = $480.000
Balance = $240000
So, do you reckon the builder/developer will be interested in this cse of deal? They will end up with $240.000 in their pocket and another house.
************************
The net result is not so much lies, damn lies and statistics but rather vendor dreaming, buyer wishing and agent glossing.
clones
Participant
@clones
Join Date: 2005
Post Count: 81
November 7, 2005 - 5:25 am
Aussie John is completely right. Cashed up as quick as you can.
Clones
************************
The net result is not so much lies, damn lies and statistics but rather vendor dreaming, buyer wishing and agent glossing.
clones
Participant
@clones
Join Date: 2005
Post Count: 81
October 17, 2005 - 4:37 am
That is good, I’ll talk to the RBA and explain how they are so wrong and how rent are going up everywhere. Maybe they will drop the interest rates next month
The net result is not so much lies, damn lies and statistics but rather vendor dreaming, buyer wishing and agent glossing.
clones
Participant
@clones
Join Date: 2005
Post Count: 81
October 16, 2005 - 10:08 am
Hi All,
Reading through the inflation report form the RBA found that inflation is heading up and is starting to concern the RBA as increases in interest rates will be needed sonner rther than later.
But what really catchmy attention is that rent are falling and in the last period they were down 2% and I believe that trend will continue.
Clones
The net result is not so much lies, damn lies and statistics but rather vendor dreaming, buyer wishing and agent glossing.
clones
Participant
@clones
Join Date: 2005
Post Count: 81
October 10, 2005 - 9:26 am
The net result is not so much lies, damn lies and statistics but rather vendor dreaming, buyer wishing and agent glossing.