Heard two that cracked me up when I was working on the rigs in outback Qld…hello to all the Roma and Quilpie boys out there – not sure any would be reading this forum;

1. Refering to an average looking woman

“She’s been beaten around the head and shoulders with the ugly stick”.

2. Refering to an exceptional good looking woman

“I’d swim…[Read more]

Marc,

When I say ‘smearing’ of religion, I use it in the same context and with the same level of importance as smearing vegemite on my toast in the morning.

Vital to some, likeable to others, and completely distasteful to many, with yes, a repugnant smell to some who refuse to indulge.

Happy days !!

Cheers,

Dazzling

“No point having a cake…[Read more]

One female Jack Russell named Spotty….

As you can imagine…took a while to come up with the name.

Hi Maria,

We purchased our first house without physically inspecting it and would not repeat the process. It was in Perth and we were living in Glenelg at the time and were not able to get away from work committments.

The prop. didn’t perform, both from a CG and a cashflow perspective. Unsure if this was attributable to the initial non-viewing…[Read more]

Soum,

Without sounding like a smart-****, one of the biggest factors that will influence your decision on whether to build is :

You actually have legal title over a block of land.

The reason I say this is that in your earlier, recent posts you were enquiring on what to look for on buying a block of land. Did you buy one…[Read more]

Thanks Del,

I think the ‘nonsense’ bit was added by one of the Admin folk in relation to another post altogether ??

Just looked a bit weird as it followed directly behind mine…and has since been removed…

Cheers,

Dazzling

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

Terry,

Noel Whittaker warned in his books years ago about doing this. The original “lived in and loved” home, turns into a cold, empty house with a commensurate drop in value.

His opinion was a ‘home’ sold on the ‘feel of it’, and the option of moving out before selling is about the best way of killing the ‘feel’ of the home.

Real touchy…[Read more]

Jan,

Chances are outstanding of imposing the penalty…it just comes straight off the top of the purchase price. Settlement agent and I have been down this penalty track 2 years ago, but that time it was because the Seller lost the Transfer of Land document for about a week, before finding it in her Singaporean kitchen cupboard !!!

This time…[Read more]

Well,

Settlement day has arrived, and as expected, the mountain of ‘vital equipment’ is still there.

All of my advisors are saying we don’t need to settle until it’s all gone, and a letter to that effect has been issued to the Seller’s settlement agent.

The sticking point is the Sellers saying that most of the junk is not theirs, and is the…[Read more]

Hi Landt64,

The only thing I’ve come across similar was a group of 5 units, where in fact it was ‘purple’ title…meaning a company owned the land and all 5 units, and each occupier was the holder of 20% of the shares on issue.

On the purple title there was a note similar to yours, specifying that only owner occupiers were allowed to…[Read more]

Terry,

But then wouldn’t the uncle’s cousin’s mother’s brother’s adopted grandchildren be up for 66% children’s tax ???? LOL [biggrin]

Cheers,

Dazzling

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

Fin,

Yes there is a legal requirement on how rent is calculated. The magistrate will go off what is written down and signed off and agreed between both parties in the lease.

Usually residential lease pro-formas have an option of weekly / fortnightly / calender monthly. Your lease will most likely have two of the above scratched out, the other…[Read more]

Soum,

Have you considered employing a surveyor to check whether the fences that are currently in place actually reflect the parcel of land that you think you are buying ??

Cheers,

Dazzling

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

Wayne,

Well done. Congratulations !!!

I’m told Moet tastes OK…

Cheers,

Dazzling

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

Wayne,

You said you got a ‘call’….

Is the deal done ?? Do you have a copy of the signed off contract in your hand ??

Cheers,

Dazzling

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

Ricksta,

Good afternoon. Yes it is. We bought 2 props. last year whilst ‘in transition’.

Of course, it all depends on the numbers that you plug in for (a) “equity”, (b) “finance needed” and (c) future – reasonably expected income.

Hope that helps.

Cheers,

Dazzling

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

Wow guys, thanks for the very quick responses.

Perhaps I shouldn’t of confused the issue with mentioning property costs.

The tenants are carpenters / upholsterers and fibreglass boat manufacturers in industrial sheds.

Looks like I need to give them 30…don’t think the usual ridiculous tenancy laws stating 60 days apply.

It’s funny you mention…[Read more]

Foundation,

I believe ‘property’ is extremely productive. Many examples of this can be shown in every city;

Post offices
Local factories
CBD office buildings
Airports
Container yards near ports
Supermarkets
Petrol stations

All of these one can buy, and serve a very useful and productive service to the economy.

People tend to restrict their…[Read more]

Cheers guys,

Couldn’t stay away…enjoy the interaction too much.

I guess we’ll all just have to toughen up a bit.

Maybe, possibly, I could consider, IMHO, in a roundabout sort of way try and avoid being so direct.

Cheers,

Dazzling

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

….couldn’t stay away….[blush2]

Leo,

There have been detailed discussions on this subject many times.

Best thing I’ve found is to give it to the tenants to pay. This does wonders for the cashflows.

Land tax can be eliminated from your excel spreadsheet lines as a cost of ownership. It’s marvellous to delete the line.[biggrin]

However,…[Read more]