We’ve had two instances of termites.

One was our second IP that we bought based on the lovely presentation. The Vendor had done a marvellous job in covering up all of the damage with masking tape and repainting, such that it looked like nice new wood. Our trusty “Mr White Ant Guy” missed the lot.

Re-reading the very fine (like 1/2 font) print,…[Read more]

No one knows everything but I would take there advice over some dropkick real estate agent any day.

Technically, that’s where you go wrong Kerwyn. I seem to recall at Craig’s seminar a great big page slapped up right at the very front of his presentation. He called it his “Get out of jail free card” and meticulously went through every line with…[Read more]

We’ve made 3 claims on our policies re: our IP’s over the past 11 years.

All 3 have been rejected.

Many people are blissfully under the impression “Oh, it’s OK, we’ve got insurance”.

Now we jack the excess right up, to get the premiums lower…knowing full well that it really needs to hit the fan before you make a claim. Even then, I have very…[Read more]

Hiya MM,

In your search for a mentor, I’d suggest linking up with someone who is about 2 or 3 steps further along the path you are travelling down.

Obtaining a mentor that is 10 or 12 steps further along will most likely be involved with things that you simply cannot participate in, or apply the same techniques due to scale etc.

Also, try and…[Read more]

Thanks everyone for their kind words of encouragement – especially you Simon !! [biggrin]

Not intending to change one iota. [whistle] You can expect many more blunt suggestions (no advice…oops there’s that word again)….from this little black duck. I am getting more mellow as the years roll by though. Lucky I didn’t join this forum a couple…[Read more]

The chap across the road from us has just gone through this process. I had a quiet chat with him one Sunday morning and gleaned the following ;

1. Cost to demolish and remove rubble from a 4×2 brick and tile 50 yr old house was $ 12K.
2. It took 2 days to go from house to bare block raked clean.
3. The bobcat got in there and dug a big hole…[Read more]

I wouldn’t engage in any of the huffing and puffing and sabre rattling. I certainly wouldn’t engage a solicitor or do anything to subterfuge the property or the Landlord.

IMO all of these agents / PM representatives and lawyers sprouting off laws simply get in the way of what boils down to two parties sitting down together and having a civil…[Read more]

Heya Richard,

Having just read crashy’s “Evicted” post, it reminded me of your generous offer last week to contribute to the forum.

Do you have any suggestions to the forum about his predicament – or indeed any of the queries posted above ??

Cheers,

Dazzling

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

Hi Tony and welcome,

I think you’ll find there is quite a few people on the forums here from Perth.

In terms of finding +CF props in Perth, they are there, but they won’t be jumping up and down on the shelf ready for you to simply pluck them off.

You haven’t indicated your scale / risk profile / circumstances / experiences etc…so you’ve made…[Read more]

Hi WB,

You’ve picked a shocker of an example of the ‘property market’. Buying a bag of lollies down the corner shop would be a better investment than what you have proferred. Whatever supports your argument hey ??

What about this with your 85K cash;

Purchase a small shop for 283K
Your 85K is the 30% deposit
Borrow the other 198K…[Read more]

Am I missing something???? [blink]

Yep – it’s called 100% control of your investment and being master of your own destiny.

It’s a bit tough trying to get you voice heard when you are a small fish in a really big pond. Do fish have voices ??[biggrin]

Also, if you have the scale (size – not the fish type) yourself, you can attract quite decent…[Read more]

Hey Kendo,

We’ve done this three times in the past – “internal shuffling” I call it.

We’ve paid stamp duty on the title transfer three times. It’s always been between the wife and I, so if you live in a state that allows free transfer between spouses count yourself as one lucky sausage.

On the Transfer of Land document you shall need to state…[Read more]

Karen,

So how did you go ??

Hey kp,

Couldn’t resist….

Assuming Geralton has 50,000 properties all up, karina would therefore own 25,000 of them.

With an absolutely ginormously massive 1 million dollars of NETT equity, that means she has about $ 40 in each property.

WOW !!! The LVR on her portfolio is about 99.9999 ?? At 80% LVR that means on average he median prices…[Read more]

All I can say is all of you guys trying to help Beast are either really thick skinned, really really nice, really keen for Beast’s custom or a combination of all 3.

With his terse, smarmy attitude I’d let him stew in his own juices. Perhaps I’m just not cut out for a job in the service industry.

Cheers,

Dazzling

“No point having a cake if you…[Read more]

Excellent news…well done. [biggrin]

Cheers,

Dazzling

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

GR,

I read it – but didn’t understand a word of it.

Could you perhaps write it in plain English so we may have the opportunity of learning.

Cheers,

Dazzling

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

Geez Kerwyn,

I think you need to cheer up a bit mate before you start telling people they can’t have an opinion if it’s not all rosy and happy days. Within the bounds of the ‘rules’ on this site, surely people are allowed to express their opinions ?? I’m sitting in a country right now where opinions aren’t allowed, and I can tell you it ain’t…[Read more]

To all of you who have written derogatory post about Craig I have a simple answer? He is a millionaire many times over out of property investing and you are not?

Wow Kerwyn, pretty strong words…hope you’ve got all your facts straight on that one. How many is many ??

When you get to his level I will only gladly listen to your views.

Well…[Read more]

Hi Annette,

My wife also did the 5 day PM course here at REIWA last year and topped her class with 99.5%. Having sat with her from 3 to 8 in the morning learning all of the regs on exam day…I can guarantee you it ain’t rocket science.

Not to take anything away from the wife, but at 35 and with a tad of prop. knowledge behind her, it wasn’t…[Read more]