Forum Replies Created
Arty:
I think that everyones situation is differant and YOU are the one that has to be happy with what you are doing. I have a commercial property which returns a +12.4% and another home that is neg geared. both these properties suit me at this present time. Keep in mind that not all of use will be “Steve McKnight’s”. But with proper planning & time we will make it in the end. Some poeple say I’m crazy for working any were between 60 to 90 odd hours a week.( Self Employed)But I have a plan, I will not have to work by the time I am 52. So by all means take adivce of others. If you can take just one idea from others that works then it has been time well spent.Craigc
I’m with you Sheryl. I to think that the good old aution is a scam. I have been to a lot of them & it’s just amazing what kind of s#%t is pulled at them. If you stand back & watch you would be amazed at what typs of things you see. At one I went to i’m almost shore that the phone box behind me made a bid.
CraigcYeh there is a private prison out there.
craigc
Hey xyzzy.
I’m not shore if you know much about Junee. It does have some problems that the agents & banks will not tell you.
If you like e-mail me and I’ll give you some insight.
cheers
craigc
[email protected]Hi Eccles
I just used a deposit bond to purhase an IP. It was simple just talk to your bank. Mine cost $135.00 through the NAB. You will need to check with the vendor or thier legal beagle if they except a deposit bond as some vendors like to have an early release of part or all of the deposit. And do not be pressured by the agent not to use a deposit bond. they somtimes like to invest the depsit and make some % on the short tearm money market.craigc
Hey xyzzy.
It’s nice to see some other poeple think the same as I do.
I live in one of those small towns near Wagga Wagga, I moved hear 13 years ago & the small farm I bought has increased in value by $300,000.00 + over that time. My bussiness in the same town has grown by 500% since 1997. There is no vacant rental homes & the town has shown steady growth over the past 13 years.
Be advised that rural N.S.W. is doing very well even with the drought.
Yes there are some down sides to being in a small town, but if I for one had of stayed planted in Sydney I would not had the opartunities that have come my way out here.
craigc” If you don’t go you will never know “
Hi Azrael.
Your right about not discounting the city altogether, there are some bargins to be had if you look.
I would be interested to know, since you mentioned commercial properties. Has anyone found that most banks will only lend $ for commercial properties over 10 years. This ofcourse drematically decreasses the amount of properties that would otherwise be + cash flow.
regards
craigcHi AaFreen
Please never use the word can’t. I do not believe in the word, you can allways find a way to do almost anything if you just keep looking & keep focused on your goals. You may not get what you want tomorrow but if you keep at it you will get there.[8D]
good luck
craigcQuote:Hi Celivia
I do not mean to butt in as this is my first post, but I’m interest to know why you do not want to buy a property in a town with less then 10,000 population. I moved from Sydney 13 years ago into such a town and have not looked back. My wife a I purchased a small farm for $52,000.00 in 1989 & only had it valued last month for an investment home that we are purchasing in a town only 60lkm’s from where we live. the valuation was $360,000.00. As you can see It may be worth a closer look at some small towns, specially the ones near the larger rural centres.[?]
Regards craigc.
