My wife reckons to be reasonably successful you need to have a steely determination and be slightly compulsive and obsessive.

I sort of agree with her – depending on your definition of ‘reasonably successful’ of course.

Paying off your PPOR and retiring happy on the pension was the old definition….I think most of society has moved on since…[Read more]

What’s $ 135 x 500….tick tock tick tock times up…

Half of 135 K…easy peasy.

Cheers,

Dazzling

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

This has never been tried before, but I was thinking something along the lines of ;

1. Start up my own website
2. Conduct seminars
3. Cross promote my books on said website
4. Further cross promote other products
5. Flog off manufacturing rights to the “Dazzling doll”
6. Intellectually patent the word ‘property’.
7. Buy cake and eat it…[Read more]

Simon,

Not boring at all. I learnt two new things from your post, thanks.

Wow Hotrod – your yields are thru the roof – good luck with that.

Agreed Mark, most people look like they like absorbing the info, but aren’t prepared to contribute much, which is circular ‘cos they can only absorb what people write ?? Surely everyone has something to…[Read more]

If it’s CF=ve, I normally word it like this ;

1. Finance clause 20 days after acceptance of offer (consult with your lender such that it’s comfortable for them)
2. Settlement 30 days after finance clause removed. (consult with your sett.agent such that it’s comfortable for them)

If it’s an investment and CF-ve, why not string it out as long…[Read more]

Great post Padmaa. Good luck with the students.

Surely people have interesting and educational stories about property purchases that they wish to share…good and bad ones.

How about one post each from Kay / Simon / Rob / Pickworth / Gatsby / Phil / Woodsman / Pelican / Minimogul and a few Sandgropers like Marisa and Redwing ??

Two out of the…[Read more]

The three little pigs fable was told for a reason.

Wow Grreg, you seem to have elicited quite a bit of support. Rest assured – there won’t be any forthcoming from my side.

I believe there are two sides to every story, and being a Landlord myself, naturally I lean towards that side. I’d really be interested in hearing their side of the story. That will never happen of course.

Perhaps there are…[Read more]

Jodie,

Redwing started a good thread on tips for selling privately.

Perhaps with your experience you could share a few of your detailed experiences for the forum.

Cheers,

Dazzling

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

Hey Mike,

Other than the “I think” clarification, why do you recommend Jodie look at agent only sites when she clearly wishes to sell privately ??

Unless of course Jodie is a fully paid up affiliated agent member…

The sites you’ve recommended are great for scanning if you wish to buy, but she’s selling ??

I’m confused.

Hi Jodie,

Why restrict yourself to just websites ??

I know quite a few of the boys up in Karratha, most are loaded and pretty savvy when it comes to a dollar.

Why not spread the word, or post up on local notice boards. Not everything in life is solved by the web or needs to be online to get the best sale price.

My first port of call would be…[Read more]

Mark,

I’m not sure diluting profits is the right thinking. You’re gaining access to a concentrated income stream from an expensive property that you alone cannot afford to control, and then diluting it amongst the owners on a pre-determined and agreed equitable basis.

Pretty basic stuff…most of the business world works like this.

In my…[Read more]

I’d suggest sticking to analysing individual deals, and making detailed decisions based on the individual property’s data.

You simply cannot purchase what the papers are talking about. It doesn’t exist.

Cheers,

Dazzling

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

1. Neither – are you going to limit yourself to just those two small categories ??
2. Sit down with all your available fin. #’s and go through the exercise with pen and paper. It’ll be good for you.

Things needed to be considered include ;

Level of knowledge
Property types available
Funds you have available
Marginal rate of tax
Risk…[Read more]

It may be harsh, but I think if you pass the 3 below criteria;

Not in jail
Over 18
Not legally insane

Then you are big enough and ugly enough to look after yourself. No-one is forcing anyone to go to these seminars, or indeed stay once they are there and no-one is forcing you to hand over money to anyone.

At some point in time, one has to…[Read more]

Gatsby,

Whoa – that’s ringing a very distant bell – Life of Brian or something ?? You seem to have the same warped take on things.

Definitely yes from my end.

We spent $6K on reports last fin yr to do all our IPs. Got back $12K for that yr.

This yr with our big IIP’s kicking in, that figure shall jump up to $106K and then taper off to 98, then 91 etc…all from the original 6.

Hell of a deal I reckon.

Cheers,

Dazzling

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

How refreshing to see yet another spiel about Melbourne and Sydney residential markets dressed up as “house prices in Australia”.

Seriously – with such broad sweeping statements – is any single individual investor actually making any money from reading this dross.

All of these economists and analysts and experts, what are these guys…[Read more]

Loanwolf,

Congratulations on your ‘promotion in rank’ – the saluting shall start forthwith. [toff]

I feel that I have stolen Oshen’s thunder here. I’ll bug out at this stage and let more experienced investors come up with suggestions to assist you.

Have fun – what a hoot to be young again. [bike2]

Cheers,

Dazzling

“No point having a cake…[Read more]

Hiya Ben,

Real rough figures….out of your 70

15 in Tax (I’m not up to speed with latest rates)
13 in PPOR costs (interest plus outgoings)
30 in Domestic “Stuff”

I see you are from NSW, so that 30 might be a bit shy.

If you tighten your belt you’ve got ~ 10 or 12 to play with. Mr Costello might be chipping in some for the new addition -…[Read more]