Total Members: 159,188

Crocodile

  • Crocodile replied to the topic Which City/Suburb you live? in the forum Forum Frolic 20 years, 10 months ago

    Trunding, 3kms north of the massive CBD of Weipa.

    Cheers
    Crocco

  • Crocodile replied to the topic Anyone from Far North Qld? in the forum No Subject 20 years, 10 months ago

    Hi Queenslander,

    Goood question! To be honest, if i’d known about positive cash flow properties 12 – 18 months ago, I may have considered it, but probably wouldn’t have. I’ve heard of a few people (two, literally!) who took the plunge before prices inevitably went up, and now have good +ve returns.

    Here’s some of the reasons why it would fail…[Read more]

  • Crocodile replied to the topic Anyone from Far North Qld? in the forum No Subject 20 years, 11 months ago

    Hi Ron,

    I went down to the newsagency today and found a copy of API – thanks for the recommendation. Looking forward to jumping onto the BusinessMall website and getting some books.

    Good luck with the housemove, and have a great holiday.

    Cheers
    Crocodile

  • Crocodile replied to the topic Calculating Rental Yield in the forum Legal & Accounting 20 years, 11 months ago

    I’ve just come across an article in the latest API, (Brenda & Les Irwin, pp 32-38) where Brenda says:

    “In my experience, it takes approximately 2.5% – 3% of your gross yield to pay outgoings. For example, if your interest rate is 7% you’ll need a gross yield of at least 10% (7% + 3%) to guarantee a cashflow neutral return (before tax).

    Brenda…[Read more]

  • Crocodile replied to the topic Anyone from Far North Qld? in the forum No Subject 20 years, 11 months ago

    Hi Ron,

    We’ve got two properties in North West NSW – ones 100 acres, bought in 2000 and the other is 500 acres, bought mid 2002. The first one earns agistment, and the second we run our cattle on. We’re very lucky to have my father to keep an eye on things there for us.

    We’ve made few mistakes with our two properties, but we’ve also had a few…[Read more]

  • Crocodile replied to the topic Discouraged already….any positive words ? in the forum Heads Up! 20 years, 11 months ago

    Hi Mel

    Is it possible to find out early about foreclosures in Aus? In some of the American books I’ve been reading there are ‘systems’ to profit from them – I gather waiting outside a courthouse or similar and making an offer to a likely looking person (maybe easily identifiable by the tear tracks?)

    Seems a bit morbid to profit from others…[Read more]

  • Crocodile replied to the topic I need some advice!! in the forum General Property 20 years, 11 months ago

    Hi Mrsspud5,

    Welcome to the forum. An interesting conundrum!

    Some questions for you:
    Does the 1/4 share entitle you to live in the third home, or would you have to make some rental adjustment to your friends Mum?

    How much rent would you be able to charge for your existing home?

    How marketable do you think the 1/4 share would be in the…[Read more]

  • Crocodile replied to the topic Calculating Rental Yield in the forum Legal & Accounting 20 years, 11 months ago

    Hi Guys, and thanks for your replies.

    I’m much clearer now about yield – cheers.

    I really like the idea of an indicator to unlimited properties! Lucky I have a risk-adverse other half to keep me in check sometimes.[:D]

    Seriously though, we’re struggling with repayments on a property at the moment, which will be positive cash flow, once the…[Read more]

  • Crocodile replied to the topic Discouraged already….any positive words ? in the forum Heads Up! 20 years, 11 months ago

    Hi Steve,

    ” As we move into a buyer’s market, there will be a lot more problems to solve.”

    What can we expect as we move into a buyers market? I can foresee that as interest rates increase to around the 8.5% mark (Making Cents of the Statistics / Melbourne market) that the decrease in demand will dampen prices a bit, but as investors we will…[Read more]

  • Crocodile replied to the topic Anyone from Far North Qld? in the forum No Subject 20 years, 11 months ago

    Hi Ron,

    I had a great Chrissy, thanks. I’m curious to know if you invested in Cairns while you were there. Apparently the market has taken off in the last few months.

    Cheers
    Crocco

  • Crocodile replied to the topic PPOR & Purchasing 2nd Property in the forum No Subject 20 years, 11 months ago

    Hi Jancrows,

    I was wondering how big the acreage is at your PPOR – would it be possible to lease the acreage, thus removing the work involved in its upkeep (and providing another cash flow), keep living where you are, and then buy a second (+ve cash flow) property purely as an investment?

    Cheers,
    Crocco

  • Crocodile replied to the topic relocatable home to rural nsw in the forum General Property 20 years, 11 months ago

    Hi again Guccigal, and Merry Christmas!

    I agree with Peter that the homes themselves are a tad overpriced. We’ve been considering shifting a home onto land we own near Gunnedah, but feel with patience we will find one for much less than any on that site. In the meantime, our land is still earning a +ve cash flow for us from primary…[Read more]

  • Crocodile replied to the topic relocatable home to rural nsw in the forum No Subject 20 years, 11 months ago

    Hi Guccigal,

    Have a look at this link for the cost of house removals; http://www.dalbyremovalhomes.com.au/.

    It’s quite a good site, though its based on you buying a house from them for relocation.

    Cheers,
    Crocco

  • Crocodile replied to the topic relocatable home to rural nsw in the forum General Property 20 years, 11 months ago

    Hi Guccigal,

    Have a look at this link for the cost of house removals; http://www.dalbyremovalhomes.com.au/.

    It’s quite a good site, though its based on you buying a house from them for relocation.

    Cheers,
    Crocco

Crocodile

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