I’ve been in this situation before, both as the seller and the buyer.

As the buyer I played it up for all it was worth a got a sizeable chunk off the agreed price.

As the seller, I told the buyer that we already knew about it and that is the reason we agreed on such a low price. We were happy to rectify, cost estimate was 5K, but we told the…[Read more]

Geez LifeX, watch your back and hernia doing stuff like that. If you blow a gasket it is never worth it.

Funny you should mention palm trees however….

Have I got a deal for you.

We own an IP with a very large palm tree in it. It’s about 8 feet circumference around the base and about 35 feet high.

If someone wants it they are most welcome…[Read more]

Never considered a recession or depression. Not interested in the macro side of things…far more interested in my micro economy.

Even if interest rates rose and ‘business confidence’, whatever that really means, took a dip…I’d still pursue what I have been doing.

Buying distressed large industrial land holdings for less than land value,…[Read more]

IT HAS BEEN CALCULATED THAT IF EVERYONE IN AUSTRALIA DID NOT PURCHASE A DROP OF PETROL FOR ONE DAY AND ALL AT THE SAME TIME, THE OIL COMPANIES WOULD CHOKE ON THEIR STOCKPILES.

Would love to see the calculations !! I think you’d be able to drive a truck through the holes in it.

AT THE SAME TIME IT WOULD HIT THE ENTIRE INDUSTRY WITH A NET…[Read more]

The way I read this is the exact opposite to the reaction at auction…you know the ones where the camera swings around to the smiling, smarmy couple who comment that they were extremely happy with their purchase and picked it up for 20K less than they were prepared to go to.

From reading the above posts, it appears this was the same tactic…[Read more]

Terry is right.

The ATO goes straight to the Titles Office and sees who is on there.

They care not a cracker about what knots you have tied yourself in to keep the Bank happy.

X gets 100% of the rent and 100% of the deductions. Y is entitled to a cup of tea once a week…if she’s lucky.

None of the above should be relied upon. I’d suggest…[Read more]

Hiya indrielkat,

Most people get offended with what I say, so I’ll keep it short and sweet…

1. Without agreeing a way forward with the hubby ‘the plan’ won’t go anywhere.
2. I find it counterintuitive that you wish to partake in a rental market as a tenant at a rock bottom price, negotiating $’s off the rent before you’ve even seen the…[Read more]

Working for an oil company and enjoying substantial pay rises in the past 6 months, property has become alot more affordable.

Our petrol bill has gome from about $ 160 up to $ 220 per month. This is chicken feed in the grand scheme of things when compared to the pay rises received from the high oil prices.

Wait ’til we have 120 oil, the sheiks…[Read more]

although I have clarified that with dazzling yet

What ??? Totally confused ??? The sentence doesn’t even make sense ???

Either way you cut it brahms, everyone is forced to “try out” these outstanding professionals…sometimes you fall on your feet and most times you don’t.

Unfortunately, sorting the ‘incompetents’ from the good ones isn’t that easy. It takes time and some events to test how good they are. Unfortunately the bad ones don’t have a notice swinging…[Read more]

19.89% compounded p.a.

Pretty good stuff….although don’t tell the Eastern States chaps that.

One of the guys on the rigs was named Hugh Jars. He was as skinny as a skunned rabbit…so we didn’t get much mileage out of that one.

Thanks guys….maybe I’m the only one with whingey residential tenants. Or maybe I’ve seen what industrial tenants are like and am comparing the two and they don’t scrub up too well.

We are happy with the cap. growth on our RIP portfolio so will just keep answering that phone…blustery and rainy winter nights are the worst.

In terms of…[Read more]

I say unwise because adamj_81 indicated that he wanted to add to his portfolio.

I can only presume from this that he has more than one IP. If that is the case he probably has some equity available.

I’m thinking the following about housing comm. RIP’s ;

Low nett yield.
Tenants who generally are not financially savvy or responsible.
Lots of…[Read more]

Is there nothing that these wet blanket residential tenants will actually step up to the plate for and actually take some responsibility ??

I don’t know how you cruel and heartless Landlord’s could bear to fall asleep, knowing full well the tenant cannot get in to your property….hang on, who’s property is it ??

An interesting situation if they…[Read more]

roughly how much would this property gaind in value over the past 12 months

Go to your local VGO for the helicopter view.

Can anyone reccomend me someone to evaluate my property.

Pick up the phone and call a valuer for the specific view.

Cheers,

Dazzling

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

Very unwise IMO.

Cheers,

Dazzling

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

Hopefully no one is under the impression that REA’s and PM’s actually tell you truth and have your best interests at heart, despite all of the brochures saying they are true professionals and their quasi allegiance to the Ethical code of conduct. I say quasi because there is absolutely no allegiance at all to the code…once again despite all of…[Read more]

Excellent situation if the kids are supervised.

Where I work, the child street cleaners are the only cleaners…cannot afford machines. Their pay is about 200 riyals per day ($1.10) for a 10 hour day. Ages range from ~ 6 up to about 12.

There is no supervision and because they work so close to and on the road, on average about 400 kids die a…[Read more]

I was reliably informed years ago from the rig pigs out in Quilpie and Eromanga that it’s a bit like a “handful of wet sand at the bottom of an old footy sock”. Couldn’t really comment myself.