Dazzling, where can I get one of your crystal balls?

Sorry Jan, they are all accounted for…like all good married men who invest, one belongs to the wife and the other one belongs to the bank manager.

Cheers,

Darryl Moore

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

Which other country you in Dazz? Petrol here in Japan is about $1.40-$1.50

I live and work in Yemen….not much fun at all.

The unelected President just put fuel up from 35c to 45c a litre. Riots in the streets. 11 people dead in the first day. Anyone with white skin was not very popular that day. We didn’t go home that day. Tanks and army…[Read more]

Hiya Dr X,

As I said previously…one can argue and carry on all day over terminology. As such, there is no right and wrong answer.

Use whatever criteria you feel comfortable and happy with. You shouldn’t / wouldn’t be comparing or competing with any other investor so it doesn’t really matter whether you are right or they are wrong or…[Read more]

This issue is very high on our priority list for our PPoR as the wife is a little peeved at having to get out and open it up all the time when we come home late at night when it’s either freezing or pouring down with rain.

Frankly, I can’t see what the big deal is ?? I mean, she grew up on a farm and is used to having to jump out and open up the…[Read more]

Have a search on the subject…plenty of material for you to review.

If you believe they offer good quality properties, then you should be well satisfied.

Cheers,

Darryl Moore

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

Holy snapping duck manure C2…that’s awesome.

I live in 2 countries as well and all I’ve got access to is one bog standard sedan. Hmmm, better see the boss for anothery, just like the othery.

The fuel thing is a real issue it seems for purchasing another car, although I see new car sales still going thru the roof here in Oz unabated by the…[Read more]

I was under the impression “net worth” is simply total assets minus total liabilities.

Your nest egg is then net worth – all of those things than don’t produce an income. The stats boys reckon quite a few of us have a negative nest egg….cool !!! It doesn’t take into account capital appreciating but non-income producing assets like paintings,…[Read more]

To counteract some of the “Which Bank” bashing, I think they do a great job. Service, rates, attention to detail, jumping at my request, always dealing with the same one person etc etc…

In terms of business partners, they are my closest allies, and if I pay the interest bill on time they leave me alone to continue on investing. Yes it’s…[Read more]

I keep all my hints and tips in my diary, with an explanation and story around the subject matter.

Hopefully when the girls ask me how we managed to construct our portfolio in the years to come or when they are adults themselves, they’ll be able to have a jolly good read. Human memory is a terribly holey and biased thing.

Cheers,

Dazzling

“No…[Read more]

It depends on what you are trying to achieve with the investment. Most people’s goals don’t get any more refined than just “Oh, I just want to make heaps and heaps of money.”

Offices are OK with me, but I may have different goals to you.

The two examples you’ve put up look very so so, with no land component to speak of, and a really poor nett…[Read more]

Onya Gatsby….no longer the anointed court jester as previously alluded to. [biggrin]

Now can you please explain what on Earth you’re meant to do as Mod ?? The whole thing has me completely baffled.

Cheers,

Dazzling

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

Hi Toni,

My thoughts are leave the high powered trusts for when your portfolio warrant it.

You’ll incur a whole bunch of set up costs and duty costs transferring the asset, along with a headache of signing a bunch of documents so the lender has proper securitisation against the title in the new legal ownership structure.

Who were you thinking…[Read more]

they offer ‘legitamacy’ to the deal because there is a perception that the agent knows best.

You’ve got to be kidding !! People aged 18 or over with not a jot of property or finance knowledge / experience, gain recognised qualifications by doing a course sitting on their bums in a classroom for a few weeks, go and buy a $ 300 suit and spend $ 60…[Read more]

Looking into my crystal ball, I’ll bet you a dollar it’s Eagles vs Sydney…sans that bald cloth ears up the front for Sydney who’d rather be in a boxing ring than play footy.

Go the Eagles !!!

Cheers,

Dazzling

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

Carlin,

No I don’t mean that, but I do insist on a direct debit form to be signed. If the tenants don’t bank with the same institution as me, they cop the intra bank fee imposed if any.

A bank guarantee is just a lump of money deposited with the Landlord as a ‘monetary buffer’, just in case they go off the rails.

Most Residential Tenancy Acts…[Read more]

When buying, I’d never do it myself…way too much to check.

When selling…not a problem…if the bank cheque for the full amount isn’t in your hot little hand…simply don’t settle.

I’ve settled two properties from the seller’s point of view by myself, but would never contemplate doing it from the buyers standpoint…way too many things to…[Read more]

The wife has asthma and carpets are a absolute no-no. In the past, we would be forced to only look at houses to live in (own or rent) that had floorboards. It was the determining factor…other aspects fell by the wayside and the compromise factor “make do” came out. As long as it had floorboards the property was on the ‘go list’.

I imagine…[Read more]

Finding a good property manager can definitely be more difficult, costly and time consuming than finding a good tenant.

It’s the same as saying all your mechanical troubles can be fixed by finding a good mechanic, all your legal troubles solved by finding a good lawyer and all of your plumbing problems sorted by finding a good plumber.

Fantastic…[Read more]

A : Never. Go the growth every time. Lately, our acquisitions have been both. Mostly land value and also cashflow positive. It is possible to have your cake and eat it too.

Q : With your PPoR, how wide a block do you consider is nice….to maintain a tad of privacy ??

Cheers,

Dazzling

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

You’ve obviously never met those solicitors that the Banks employ to draft the Guarantor documents.

Your major question of “Will it tie me down too much.” You can bet your bottom sox it will…if not the Banks will redraft it until it does.

They’ve had a good while to get it just right, including a few recent amendments and alterations to…[Read more]