Forum Replies Created
Ive used the white knight stuff before. Its more a question of your preperation & painting skills than whether the product is good or not.
It seems fairly hard wearing, but if you have spare paint its easy to fix anyway. Dont think I would put it on a counter tho.http://www.posigear.8k.com
Positive Geared Share InvestingOriginally posted by simple:why would you buy IP if market is flat or growing anywhere under 1.5% ??
the hope is that in the future, mortgage repayments will be the same, but rent will have increased with inflation.
eg: bought house 30 years ago for $50k. mortgage for next 30 years = $50/wk
30 yrs ago, rent was $50
20 years ago, rent was $100
10 years ago, rent was $200
today, rent is $400…..but mortgage is still $50/wk, so thats positive cashflow of $350/wkIf you put $12.5k (25% deposit on $50k house) in the bank 30 years ago, it would still only be paying $15 a week in interest
http://www.posigear.8k.com
Positive Geared Share InvestingIve been told my bathroom looks like it cost $20k…….thats great, cos it only cost me about $2k.
I bought a nice modern vanity from the auctions for $220
I bought a 5 rail towel rail from a plumbing store carpark sale for $30, retail was $220
I bought a massage shower from the auctions for $800
I bought a square toilet from the auctions for $250
I bought a huge storage cabinet from the auctions for $170
I bought nice marble look tiles from the auctions for $10/m
I bought a plastic bath from bunnings for $135
I bought a real nice bath spout from Mitre 10, retail was $570, but there was a scratch on the underside so I offered $170, they took it.We installed & tiled it all ourselves, took a week. Tiled right to the top of the walls.
Ive been to peoples houses & theyve told me they had a company do it all & spent $15k…..and honestly they are nothing flash.
If you have an ounce of skill, give it a go.
http://www.posigear.8k.com
Positive Geared Share Investingthats fine with me, in 10yrs time the house I bought will be on the water front!
http://www.posigear.8k.com
Positive Geared Share Investingummm
splitting hairs here, but…….50% more?
I think you mean tax on the other 50%……big difference
http://www.posigear.8k.com
Positive Geared Share InvestingIve had similar responses lately. Put in offers & flat no without counter-offer. I find it rude. If they are not prepared to negotiate I walk away. If they were smart they would counter offer $1k below asking price.
http://www.posigear.8k.com
Positive Geared Share Investinga few stats:
Suburb; Median:
Redcliffe 266k
Clontarf 304k
Woody Pt 380k
Scarborough 323k
Margate 265k
Kippa-ring 260k
Rothwell 344khttp://www.posigear.8k.com
Positive Geared Share InvestingAustralia has:
1. capital gains tax
2. stamp duty
3. high agent commissions
4. land tax
5. expensive tradesmen
6. low rental yields
7. breathing tax [biggrin]http://www.posigear.8k.com
Positive Geared Share Investingno not transfer of security
just plain old deposit aka downpayment
ie
I sell house A with broker A. buyer A gives $10k deposit which broker A holds in trust.
I buy house B with agent B. can I transfer deposit A to deposit B?
http://www.posigear.8k.com
Positive Geared Share Investingoops, that was to L.A Aussie, not andy
http://www.posigear.8k.com
Positive Geared Share Investingsorry andy, you are mistaken. I agree a lot of shows DONT show the true costs, but this one does.
I watch it religiously. It is my bible.
Its a business model that does not work in Oz. Thats why Im moving to NZ.
http://www.posigear.8k.com
Positive Geared Share InvestingWe interviewed 12 new brokers before finding one who was enthusiastic and realistic about getting the house sold. He actually specialises in selling stale listings!
And DONT pay more than $500 for marketing EVER
http://www.posigear.8k.com
Positive Geared Share InvestingHi bessie
I have just been through a similar experience.
We used LJ Hooker In Sunnybank QLD. The agent we hired we really liked, but he quit 2 weeks into our overseas trip when the house was on the market. The house was handed over to an incompetant rookie with no desire to sell. As a result the house was on the market for 2 months, with 2 offers, one $75k below bank valuation, the other $175k below.
We changed brokers & he sold it within 24 hours for $61k above the highest previous offer.
The old agent tried to get $2k out of me for marketing & I told him to stick it. As I found out, it is illegal to overcharge for marketing, or charge a fee for services which are not justified. My ads in the local paper costed $170, yet LJH were charging $220ea. In the contract, it stated that advertising would be paid at settlement. Since they never acheived that, they cannot ask for payment. Also, the contract stated that they would advertise on 3 websites & show ads in open homes, plus have window cards in 3 branches. They did not do this and therefore I can claim for breach of contract. I may also be able to sue as there has been a tort of negligence.
http://www.posigear.8k.com
Positive Geared Share Investingwhy would you leave a country with positive cashflow property, no land tax, no capital gains tax, no stamp duty, high depreciation, cheap tradesmen……..to come to a country with heaps of taxes and no +ve cashflow property & expensive tradesmen?
http://www.posigear.8k.com
Positive Geared Share Investingwhen you trade foreign exchange, you are basicly margin lending, like shares. Or you could think of it as 98% LVR.
2% margin means if you do a $100,000 trade, the capital required is $2,000 (2k x 50 = 100k)
http://www.posigear.8k.com
Positive Geared Share Investingthanks Richard
but….
the buyer chose CSM & I had to chose another.
went with ownit in Beenleigh (best price, anyone know if they are good/bad?)
I did find CSM wasnt cheapest by the way
http://www.posigear.8k.com
Positive Geared Share InvestingIve explained this before in other threads.
You buy a currency pair with a high income and low interest payments….
eg:
AUD rate = 6.25%
JPY rate = 0%borrow JPY & buy AUD with it = 6.25% profit
on 2% margin you can leverage it 50x= 312% p.a
you are effectively borrowing Japanese funds @ 0% interest, and investing the funds in Australia @ 6.25%
ka-ching
http://www.posigear.8k.com
Positive Geared Share Investingbuy a currency pair which pays 6% interest, then leverage it 50x with margin
http://www.posigear.8k.com
Positive Geared Share InvestingAbout 9 months ago I was contacted by this mob. They offered a “free” service and I thought what the hell…….I was nearly finished with my reno and wanted to refinance anyway.
I am a qualified advisor and it soon became clear they were offering financial products and advice without a licence. The salesman didnt know what to say when I said I wanted to pay off my loan as slowly as possible. He wanted more than $3k for his “monitoring service” which he verbally said was for life but in the contract fineprint it states 6 months only. Why you would need monitoring at all is beyond me.
The rate they offered me was not that impressive, so I contacted a Mortgage Choice broker named Caroline Jean Baptiste…….who did a much better deal for free and had impeccable service.
http://www.posigear.8k.com
Positive Geared Share Investingthe thread was deleted as grossrealisation violated numerous ASIC laws.
Basicly he was looking for investors to give him $5m so he could set up an illegal fund investing in forex.
This guy is a joke.
http://www.posigear.8k.com
Positive Geared Share Investing