Hi Mike,

First off I respect your knowledge and experience in the property field. I believe I could learn alot from you. Please don’t take my comments as disrespecting you personally.

I’ve seen some self regulated, registered, licensed examples and the amount of shonks would probably be greater. I’m certainly not convinced it’s a good…[Read more]

If we have no result this weekend I am stumped in what to try next.

Rent it out and use the equity you have in the place. Keeps taxman out of the loop.

I agree with all of the above comments. Most people have rented at some point in their life, so I don’t believe anyone has a monopoly on knowing tenant’s mindsets any better than anyone else.

The task is small, cheap, quick, quite irrelevant but gives enormous comfort to the people who actually get use out of them. All the more reason for adam…[Read more]

There are 19 core Rules which apply to all licence and certificate holders, and additional specific rules which apply to the various categories of agency work.

I was told recently that young and keen investors know the rules.

Wily, cunning experienced investors know the exceptions.

Yes G7 it would affect us in a bad way.

Well I’m humbled to know that there are at least 177 people on this site who’ve zipped in here to find out just exactly “what is wrong with me” ??

Happy to report feeling just fine and dandy…sorry to disappoint.

Now if a Moderator would just kindly lock this one up… [whistle]

Gee whizzy Luke…

A tad hot under the collar. I think there are a few people on this forum who are detailed orientated, and have every right to question. All part of due diligence I reckon. Elly’s original questions were appropriate, and Steve agreed with those queries….no problems there I hope.

If you want accounting advice, see an…[Read more]

Excellent work Amanda. Well done.

You’ll probably get 35 or 40 in your hand at the completion of the deal.

1K a day tax free is pretty good going in this market.

Did you have fun doing it and would you be able to repeat it over and over ??

I sometimes wonder if people check the previous sales figures or just buy the visual dream that you have…[Read more]

….but the Grasshoppers family were too poor to afford their own Leech, so they were assigned a Govt appointed Leech, who quickly latched on and bled her employer for everything she could get.

And the Grasshoppers looked on… and were well pleased.

And the Ant looked down from afar…and was well pleased he left.

And the moral of the…[Read more]

G’day kriscot, welcome to the forum. Hope you have lots of fun and glean something tangible for future use.

but my wife wants to…

Oh O…there’s always a but…

Is anyone out there in or was in a similar situation?

Yes and Yes.

Should i just cave in and go the rebuild?

Yes and Yes. [biggrin]

Lifestyle now vs income and wealth…[Read more]

Can one obtain this house at all?

When you say the house…surely you mean just the building ??

Obviously someone’s name will be on the title as the registered proprietor for the dirt, so that’s off limits….or it is to the best of my knowledge.

Spend $ 9.00 doing a title search for the owner of the dirt, give them a call and find out if they…[Read more]

Don’t get hung up about the condition or aspects of the house.

They value your dirt. Where is it, how much have you got and what it’s zoning is.

I believe they spend so little time checking the house out because it plays such a minor role in the valuation.

When push comes to shove and the bank forcibly evicts you from your home and they start…[Read more]

G’day bruham…well done on your successes to date. Are you leading the easy life now ??

Dazzling how’s your head trying to keep up with all your properties?

Umm, the head is OK (many would say – yeah right !!), but really we don’t have that many. Certainly nothing like some folks on this forum.

Of late, the ones we have been purchasing have…[Read more]

I agree with Simon. Leave the renting side alone…the whingeing on a place like that from tenants would be enormous and unending. Throwing good money after bad.

Simply leverage the equity in the title to invest elsewhere.

Staggering…the article mentions only two instances ;

1. Vendors relying on REA’s for accurate valuations.
2. Buyers not inspecting the title when buying the title.

Is this chap unearthing anything new ??

No wonder we have all of these fair trading commissions set up to protect ‘consumers’ with lots of dollars and no sense.

Why is the buyer…[Read more]

If it was broken down into ‘gross’ yield, and ‘nett’ yield, then it might make more sense as an indicator.

Exactly…but then, that is what I have been saying all along.

yield has nothing to do with cf+ / cf-

You cannot be serious ??

1. Mortgage is 7%
2. Nett yield is 10%….IP is CF+ve
3. Nett yield is 3%….IP is CF-ve

I suppose we’ll have to agree to disagree.

whats an overgrown hovel worth in 2005 as opposed to the sale price in 1997

Why do you ask brahms ?? Are you a purveyor of fine hovels as well ??

I’d have to answer what it’s worth in a multi-faceted way ;

Capital…it’s grown by 11% p.a., so 2.3 x what we sold it for.
Income…it ain’t worth squat right now, not even $ 20 p.w.
Costs…what…[Read more]

Redwing, not sure if I understand what you are getting at…but anyway…

The wife and I renovated a 3×1 house back in ’97, only our 2nd IP. 6 weeks of back breaking work, with lots of tiring 10 to 12 hours days on your feet and sweating your things off, trying not to harm the two toddlers around your ankles with nails and exposed boards and…[Read more]

What price range are you looking at and what % deposits are you putting down to get +CF in Perth.

Price ranges vary from expensive to outrageously expensive.

I put nothing into the deal, except residential equity. Borrow 100% of the purchase price plus all costs. They are +CF on this basis. This means that they are typically yielding more…[Read more]