What a crock of….I reckon the clowns at JP Morgan wouldn’t know if their A$$ was on fire. Do people actually take notice of their drivel ??

Making broad sweeping statements like “the Sydeney market is 36% overvalued” is a load of toss and should be treated as such. One simply cannot lump that many different and unique housing situations into…[Read more]

Good afternoon luan,

My experience has been that a ‘normal’ transaction (where a reasonable unfussed vendor meets a reasonable unfussed buyer) usually crosses the line…i.e final agreed purchase price at about 94% of the asking price. I have no hard data other than my own personal transactions to back this up. Stats orientated people will have…[Read more]

Hi Damien,

I’ve spoken to a few retired gentlemen who have invested in carparks.

It’s probably out of your budget, but they buy the land and have it just demarcated up into slots…no concrete high rise parks.

Sometimes they just sit in their booths and trade the stockmarket whilst collecting fares during the day. The fees are just piddling,…[Read more]

I agree Redwing. It most certainly is a game. I’m imagining a General Manager asking his legal counsel to review a contract, and the feedback is everything is just fine and dandy…nothing to do…I don’t think so, he’d get his a$$ run off for that.

Anyway, some really good news this morning, after my stern email informing them that their…[Read more]

Carl,

With my disposition and outlook, as a vendor I’d love to sit down over a cup of tea and have a chat with you if you were an interested prospective buyer looking at buying my property. Given that, I wouldn’t engage the psuedo-services of a REA.

You would have to assume the disposition of the vendor you are trying to call may not be the…[Read more]

Hello chaps,

Just saw this thread for the first time and noticed I’d been mentioned in passing.

If you’ll indulge me, a few comments ;

1. Theoretically speaking, I believe the method proposed by GR definitely has merit and is way better than sitting on your bum in a lecture hall passively listening to someone up front. The main reason I say…[Read more]

We thought we might enter our mothership in the tractor pull competition(!!)”

Cheers,
Gatsby!

ROFLMAO…..Absolutely fantastic…..this is right up there with “boy eats left foot in fridge, or something”

Cheers,

Darryl Moore

“No point having a cake if you can’t eat it.”

Looked at buying a big gym in Northbridge about 2 years ago. Numbers looked really attractive, and the tenant looked good (10 yr lease, big rent).

Only thing that stopped us was the size of the land, and hence the land component of the deal was less than our criteria allowed. In the deal you were paying alot for the lease.

Anyway, with perfect…[Read more]

With all of these industrial properties we’ve been buying over the past 18 months….the cashflow and depreciation have been enough to turn our negative residential portfolio around to the point where we no longer receive a cheque back.

I think that’s a good thing…but at this time of the year when you have to write a small cheque to the ATO it…[Read more]

When my ex and I split – I walked away with nothing but the kids

You walked away with everything then…

(why sell it)

Oh I dunno…howza about getting rid of the 275K non tax deductible debt for starters…at 7% that’s a good (19K p.a.) or $ 370 p.w. he’s giving the banks and getting no relief for it.

Their current unit needs to appreciate by 4.8% p.a. just to keep up with this cost.

This $ 370 p.w. after tax is the real cost of the lifestyle…[Read more]

Tips

1. Get the plumber to go through and replace all of the washers in the prop. when they are called out. Our plumber charges $ 65 to arrive, and $ 3 per tap washer changeout – so get him to do the lot. One call out fee is worth 22 changeouts !!

2. If you are there and have some time available and are physically able, dig the trench for…[Read more]

Opex for the solar syaytem is obviously fairly low with the booster only needed occasionally.

What about the Capex of the system vs a gas HWS ??

Anyone know what the ‘real’ payback time, vs what the sales spiel is ?? Are we talking 3 yrs / 10 yrs ??

Cheers,

Darryl Moore

“No point having a cake if you can’t eat it.”

Hey Andrew,

I believe the speed of your accumulation will be largely dictated by how much your wife and yourself are prepared to sacrifice your lifestyle standards now…to improve your general lot in life later. Having no children at this stage may help this.

I’d suggest you sell your PPoR and try and extract as much as you can. Say you are…[Read more]

PG,

Speaking of ugly, sent mine to you earlier today.

Cheers,

Darryl Moore

“No point having a cake if you can’t eat it.”

Definitely not the lag effect Simon. That implies that WA does or has follow/ed the Eastern States. We are quite independent over here us lot…economically carrying all of you Admin type people over there in the East

I think it boils down to us digging and drilling the beejesus out of our state and shovelling off the resultant product to lands…[Read more]

Whoa back there tiger !!!!

I’m far from an expert and would definitely class myself as a novice with less than 18 months experience.

Krupta, well done for searching out and finding something that appeals to you.

I’d answer your questions by looking at the profile of the following ;

1. Yourself.
2. The lessee.
3. The town.
4. The specific…[Read more]

I’m finding it curious that a few people are saying their builders are quoting them more for colorbond and a few others are saying their builders are quoting them more for tiles ?? It’s obviously not that simple…like most things in life.

Having never gone through the process of building a new house, it’s all hearsay for me.

My main criteria…[Read more]

krs,

I’m struggling with this as well. I’ve taken a few ‘leaps of faith’ in the past which have worked out well.

Taking this leap of faith of leaving the paid workforce appears bigger from this edge of the cliff as the lack of income doesn’t sit well with my current preferred philosophy of simply buying and holding.

The only thing I can think…[Read more]

Yes yes…all very good…but how does the clock and the general pontifications tie back into investors purchasing individual title deeds ?? What’s the direct link – if any ??

From what I’ve seen, properties are valued in one of three methods,

1. Summation method
2. Breakdown of components (Land / depreciated building / lease value)
3.…[Read more]