Wow,

This has got a tad off topic…

Geez, Marc and Wayne…you blokes should sit down and thrash this difference out over a beer.

You both sound like experienced PI’s. Hopefully you can contribute without getting the lawyers involved.

I’m finding it fascinating this “voting for a Pope” charade by the cardinals who are eligible. The last…[Read more]

Check and see whether or not they have a proper titles office and survey division such that you know that the land you are buying is infact the land you were buying.

A very large Australian oil company looked at putting a base there, but was put off and eventually binned the idea as no-one could definitely survey the supposed…[Read more]

Marisa,

We source all of the properties ourselves. The last thing I wish to do is pay someone to gather all of that experience for me whilst I sit back and have to take their word for it. The tangibles you pick up during the negotiations and ‘process’ of buying are invaluable for your personal and financial growth.

We are guided by 3 simple…[Read more]

Calvin,

I believe Mr Bond – Alan, not James – also quite liked that concept, much to the chagrin of the Bell Resources shareholders…

Cheers,

Dazzling

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

Marisa,

I meant bikkies – as in biscuits…lotsa mullah – not the motorcycle chaps.

Funny anyhow.

Cheers,

Dazzling

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

Hey F,

Shop on a secure 2 year lease with a 2 year option – tenant been there for a while so high likelihood the option would be taken up….escalation clauses in the lease as well which was attractive.

You’re up early….

Ranae,

I agree with Terry – you should be concerned about capital growth – IMO it’s where the big bikkies are.

Keep searching for CF+ stuff in WA. There is oodles of it about – just don’t tell those chaps over in the East.

Saw one the other day with a State Govt tenant – still for sale I believe – on a secure 6 year lease. Was CF+ by about $…[Read more]

Marisa,

We are flat out buying up everything that the bank will approve. I think we’ve reached our limit with the latest purchase and might take a breather for a month or two…

We reckon it’s an absolutely fantastic time for buying, and confidently predicting great growth from a combination of both passive organic and active development. Our…[Read more]

Gav,

There is oodles of +CF props still out there, off the shelf & ready to purchase, despite what the gurus say and what you hear at forums.

If you are talking about 3 and 4 bed houses in the middle of suburbia in a cap. city…OK, granted…maybe not.

One just sold near me 3 weeks ago, list price was $89K, renting at $ 230 p.w. nett, with the…[Read more]

Kylie,

We considered this for our neighbouring properties specifically (both at the sides and the back). In the end we approached a REA to ‘gently’ enquire. Came up with one positive response, but it was the place 2 doors down, and we figured if the guy in between (our next door neighbour) ever got wind of it, he’d realise he held the key and…[Read more]

Authur K,

These suggestions are all things that I have done previously….obviously some are easier than others and to work, need to get through your personal screening criteria, which you haven’t specified…

1. Get on every local agents ‘pre-approved’ buyers list.
2. Call up the owners direct. They aren’t some big scary beast – they are…[Read more]

JLtarra,

I presume there was time at the end of the seminar for questions ?? What was his response when you put your query to him ?? This is only theory to people who are unaware of it – it is a well established practice

Good ol’ Kevin Young and his disciples from the Investors Club has been living this life and advocating this approach for…[Read more]

Hiya Diclem,

Is that just a typo or are you in some sort of timewarp ??

I’d hazard a guess and think that maybe one of the Directors of the board is about to swap his purple PJ’s and be upgraded to the white ones.

Just imagine the backroom politics and wranglings behind the scenes for the power struggle – it’d be worse than any Govt election…these boys are like the US Supreme Court judges…once they are in they…[Read more]

Redwing,

I didn’t read anywhere in the article that the land prices have increased 55% in the past year ?? Are you quoting some developer figures out the back of Butler and just to the right of Baldivis ?? Is there a bit of the article that you haven’t attached ??

Foundation – the rolling statistic quoted is just a ratio of new listings…[Read more]

Bonnie,

Excellent – thanks for clearing that up.

Given that set of circumstances that you describe, my suggestion is that you have to accept the conditions imposed upon the lease. The horse has bolted, so to speak.

The prudent thing would have been to step back in time and have dictated to the prospective purchaser the terms and conditions on…[Read more]

Is it a rule ??

Or a quick primary sifting method / guide. I seem to recall alot of caveats hanging off the ‘guide’…these always seem to be dropped or forgotten.

Cheers,

Dazzling

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

Jenny,

I don’t have a copy of any residential leases to hand right now, but I recall having two standard clauses in the pro-forma…one being the notice period if the tenants have defaulted by not paying rent, it was like issue a notice, then 14 days later you can issue another final notice and that’s it. (Of course, the tenants can drag the…[Read more]

Landt,

In too many places too far removed from decent civilised society, surrounded by too many ‘Rig pigs’ with no moderating / calming effect from women.

To tell you the truth, the worst are probably the Scottish lads I’ve bumped into over the years from the North Sea…boy have they got some funny sayings…not that you can understand what the…[Read more]

Bonnie,

I see only two options for you…

1. Sign the lease.
2. Move out.

Everyone’s responses are pretty similar.

Re-reading your inital post, it appears the lease has already been signed by yourselves. If this is the case, what is the point of the query ??

Cheers,

Dazzling

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