Freedom 5,

Without a shadow of a doubt – far better to stay in her home, especially with 3 children, and get her mortgage under control and then on her way with passive income alternatives.

The uncertainties of moving make the whole thing a bit rubbery;

1. Is she sure she’ll get $ 220 p.w. for her place ??
2. Why is her family charging her $…[Read more]

Comm vs Res ??

No comparison, the former wins hands down.

Have a squiz at some of my earlier posts on this subject.

I can remember my wife’s uncle some years back…when we were gung-ho on houses saying

“When you’ve finished mucking around with those and wish to get serious, have a look at Commercial…”

I suppose that was his way of saying,…[Read more]

Woodsman,

Yes there is. Mow / rake / prune / sweep / wash windows / vacuum / declutter / touch up paint…

That’ll do – you’ll be exhausted if you do half of that stuff…or significantly short of cash getting some poor sod in there to do it all for you….

Whoops…just re-read your post, it’s a newly completed RIP.

Ahhh, the joys of going…[Read more]

Ratso,

I know you’ve said you wish to keep your IP’s separate from your family – but have you sat down with your successful “investing and developing” family members and had a chat with them regarding the specifics.

You’d be surprised how much knowledge gathers over the years within family members – once all the ‘personality issues’ have been…[Read more]

Ausprop & Mini,

Tax implications and nett profit are not the only things to consider – in fact they may not be the over-riding factor at all – just have a chat to lots of farmers.

There is a lot of implied value to being your own boss and running your own show – regardless of the financial implications…once again farmers come to mind.

When…[Read more]

Are we all sure that the options are purely restricted to only a house or a unit ??

I think Lister should broaden his scope somewhat and not restrict himself to just these two options.

My suggestion would be – none of the above.

I do however agree that the largest land component possible should produce – in the longer term – better growth…[Read more]

Foundation,

w.r.t. to question 2) Huh ??

Well I was wondering who was running “the show” over there ?? The “show” being – the largest property portfolio in the world by far.

How do they do it ?? Do they have property managers in each country…imagine their bulk discount on PM fees…who all report to one supremeo in a purple gown. Then…[Read more]

C@34,

Mate – c’mon…a 3 or 4 line add describing the basic attributes of your IP as a hook to prospective tenants…surely people can do that to some degree. Holding people’s hand in a technical matter is one thing – but surely everyone could have a pretty good crack at this simple task themselves. You are denying people the opportunity to…[Read more]

Gamay,

Yes.

Cheers,

Dazzling

“Go hard or go home”

Roger,

When you say reasonable return – do you mean in terms of nett yield or capital gain – or both ??

What benchmarks have you set for yourself ??

Have you found IP’s that meet those benchmarks ??

Cheers,

Dazzling

“Go hard or go home”

Looks like I was 2 minutes too late…onya Simon.[biggrin]

Cheers,

Dazzling

“Go hard or go home”

Getting there,

I’ve perused quite a few posts on this forum, and have to admit yours takes the cake…

You’re very confident it’ll work ?? [blink]
You’re very mathematically minded ?? [blink]
It’s a little too complex to explain ?? [blink]
You only know the basics ?? [blink]
So you’ve actually seen the cheque !!!!! [blink]
It looks fullproof -…[Read more]

Craig,

All options to get your hands on 30K is going to cost you money. Sit down and calculate what method gives the lowest value.

Then on a bigger level you need to assess if getting the 30K was worth it and whether it was good value or not.

Is the 30K going to be generating you profits, if not, obviously you cannot calculate the…[Read more]

Kenle,

“wanting to plan on retirement in 4 year”

I’m confused…does that mean you are going to start your planning in 4 years or are you going to actually retire in 4 years.

If the latter, could you send me a copy of the plan – it must be an absolute cracker…

Cheers,

Dazzling

“Go hard or go home”

Gamay,

Just closed a deal that didn’t involve the agent in the end.

Initially wrote up the offer, on the agent’s proforma (don’t let the agent write it up, make sure you write up your offer !!!) and stapled a 10K cheque to the contract for the deposit. The agent thought it was great that he didn’t have to write anything. I thought it was great…[Read more]

Mike,

“Looked at” – “feel”….

If this is solid rental market research and you know the position well, obviously the correct action is to ;

just get to the point and send a letter

If you don’t know the market well, and haven’t conducted the proper DD, and you take the above action you will reap what you have sown.

From my experience with the…[Read more]

Mitsinka,

If you believe the behaviour described by Simon is the root cause of the accumulation of the non productive debt, and yet your partner refuses to admit there is a problem…you are indeed in a quandry.

I’d suggest forget about consolidating, and do the following;
1. Find a quite moment with your partner
2. Take the phone off the…[Read more]

The term “triple bypass rectal surgery with the rough end of a pineapple” comes to mind.[blink]

Like most things in life, one can purchase insurance to cover against such events, but believe insurance only applies to advisers costs – not penalties and back payments.

Keep good records, be conservative in your approach and be roughly guided by…[Read more]

Hihopes,

This has happened twice to me before. I solved the problem by taking immediate action. My suggestion is do not sit there waiting for your PM to “promise you the world and deliver squat”.

This is what happened the first time…

Bought house from agent who told me it was a wonderful family home which would rent for max of $ 420 p.w.…[Read more]

Redhaven,

You also seem to require $ 80 K p.a…just like Lady24 ?? What is it about 80 K p.a….must be the new 2005 lifestyle cost level ??

Have a chat to Lady 24…or see earlier thread from last week…perhaps there is an easier way to acquire a clear $ 80 K p.a. than flogging yourself to death with dusty and dirty reno’s ??

But then if…[Read more]