Another big step forward today…it was forklift day !!! YES [biggrin]

The two tenants are out and the place looks a whole lot better. Locksmith has been and gone and we are now in control finally of our whole property for the first time ever.

The two losers who were occupying the units without paying rent have been turfed out – without…[Read more]

Hiya Mabbott,

If I was just starting off, I’d look at the bigger life picture and decide in which country my fiancee and I were going to live in for the rest of our lives ??

The answer to that would decide the smaller question of where and what to invest in initally. Knowing the details of the specific property market you wish to tackle and…[Read more]

Terry,

That’s very easy to say but I disagree with the advice you have provided.

Involving solicitors certainly won’t solve the problem…I’d say it’d very quickly inflame the situation drastically, and whatever exposure Elodie thinks he / she is up against I’d hazard a guess and say that the exposure to the solicitor would be far greater. The…[Read more]

Gatsby,

I’m picturing the airline mechanics taking the 40 foot ladder away when he’s up the top, leaving him dangling by the said coat hanger…saying “Hey – come on fellas !!”

Cheers,

Dazzling

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

OK, I’m going to have another crack at this ;

Investor : Mr Joe Bloggs
Assets : $ 6 MM
Debts : $ 3.5 MM
Income : $ 300 K (5% avg…some 3% res and some 8% comm)
Interest : $ 245 K
Outgoings : $ 55 K

Lifestyle : $ 55 K p.a. (I reckon $ 1,000 p.w. is plenty)…god knows what these people do that need $ 2 K p.w. to live on.

OK, so…[Read more]

Devin,

Yep – we just bought a complex with six industrial sheds on it. They aren’t storage sheds as such…more like normal “work out of” sheds, but the business concept is fairly similar. We have kicked out some pretty ordinary ex-tenants, and are now getting quite a few enquiries from people who want to rent them. The majority, surprisingly,…[Read more]

I mean no such thing.

You can buy whatever, whenever and wherever you so desire. Knock yourself out.

Best of luck with it all.

Cheers,

Dazzling

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

Salary from a job I’d say.

Hiya pg2005,

This question pops up like a revolving door every month – I guess this one is the May ’05 edition. The answer is definitely Yes.

Answered very similar question about a month or two months ago with about 9 or 10 detailed examples in this forum, which were all positively geared and all within capital cities.

Once again, if by…[Read more]

Tomster,

Yep – you can…I posted details of such deals about a month ago…that was nett as well, not gross.

I think your comment was refering to a certain type of property on a certain type of scale.

I’ve found “Property” to be such a wide ranging term, that often poeple generalise too much.

For example, the market for both Capital Gains and…[Read more]

Heya cmhall,

Well done for plucking up the courage to write a post…not too scary is it ?? [biggrin]

Besides the bog standard referral to “consult an independent qualified professional adviser” – how does a layman sort the wheat from the chaff with those ??…..I’d definitely hang on to the Sydney prop, regardless of the yr it was purchased.…[Read more]

Hmmm,

I think 50% appreciation over 10 years is about 4.13% p.a. compounded….not 5%.

PT16829 ;

Instead of simply punching numbers into an online calculator that you don’t understand the workings of, why not start with pen / paper and calculator, then progress to your own simple spreadsheet, enter the formulae yourself and then rev it up…[Read more]

It’s alot easier when it’s your PPOR.

Very difficult if it’s rented out.

A nice looking sign out the front with just one number is much more powerful than ads in the paper – local buyers only to start with, but word of mouth spreads like wild fire.

Don’t have home opens….you are only looking for one really high priced buyer – not 60 sticky…[Read more]

Rob,

Perhaps the people who are successfully using this strategy, and by default whose comments should carry the most weight, are so loaded and so casual and so happy with life they have no desire to explain it.

I’d also suspect that with enough equity to make this strategy really zing, most of the folks would be fairly senior in years. This in…[Read more]

Resiwealth,

I’ve heard and read about that purchasing tip many times before – but unsure if it has ever been successful.

If a place is listed for $ 130 K and the Buyer reckons it has $ 15 K worth of defects, the typical conversation goes something like ;

Buyer : “I think it’s worth only $ 115 based on all these defects.”
Seller : “We agree…[Read more]

Is Admin going to step in ??

Chaps,

Why don’t you two sit down together and discuss your differences over a beer.

You could both have a laugh, present your opinions to one another privately, over the course of about 20 minutes and then shake hands and agree to disagree if that’s where it ended ??

Cheers,

Dazzling

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

G7,

You’ve been in this game a while now I imagine.

This is all about control, and the PM establishing her control over you as the incoming tenant. Establishing the pecking order if you will.

Them sending you a report they’ve compiled, for you to simply agree and sign – they are on top. With you going through the report with a fine tooth comb…[Read more]

Hi Borg,

I used to find that in the past discussing investments – whatever they be – but mainly properties, especially with people my age. They were continually wrapped up in their PPOR and had no other comment re: IP’s as they generally didn’t have any. Concentrating too hard decorating with ‘nice’ things and redoing the backyard for the…[Read more]

Redwing,

Happy to share some of the VGO data I purchased. These two, both in WA, are not residential and therefore probably not of any interest to most people – but it caught my eye ;

Both are for 4,000 sqm industrial blocks (bare land values only)

1. Welshpool
1976 – $ 4.80 / sqm
2004 – $ 100.00 / sqm
Compound CG rate of 11.45 % p.a.

2.…[Read more]