PP,

After a few years of frustration and being blatantly lied to by 5 separate PMs, we were in a position to self manage and everything has been excellent since.

The wife gained her PM qualification and now works for an RE co. to gain more Comm & Ind. prop. experience.

Just saw a deal – since taken – where the tenant (a Fed. Govt agency) paid…[Read more]

Based on the above info, I’d say it’s a toss up between;

1. 17 Smith Street for no more than $ 73 K, and
2. 28 Jones Avenue for anything under $ 76 K, because it’s on the corner and better access.

But then, the bakery just listed and you never know….

Enough.

Cheers,

Dazzling

“Go hard or go home”

Marc,

Try putting the cost of the new pool into perspective.

Does the value of the block of land easily support it or will it overcapitalise the property ?

Is your intent to stay in the house for the long term ?

Are there children coming into the picture who would also benefit from it greatly ?

Is ongoing maintenance of the pool going to…[Read more]

Jenny,

From my wife’s point of view the decision would be quite easy to make. If the tradesman had

A) Bulging pecs and rock hard abs – the answer would be “Anytime honey bunch”…or

A huge beer belly with the obligatory arse crack hangin’ out of the Stubbies – the answer would be “Anytime honey bunch”…

You see, if it was a good…[Read more]

I’ve found in the past there is one of three reactions;

1. Active encouragement and willingness. Unfortunately this has happened only once, but boy did big things get done in a hurry….a quick sprint along the road to wealth was the result.

2. Disinterest at best. This is where the majority of the reactions over the deals would sit. Hard…[Read more]

Loanwolf,

You’ve gotta make a decision…which do you want ?? Holiday now or better start to wealth ??

I had the exact same decision to make way back when. Took the advice of two wealthy older gentlemen I respected alot and went on the holiday.

Best money / life experience I ever had…wouldn’t swap and couldn’t buy that experience again.

Up…[Read more]

McDirt,

Chin up…I’ve had a bad run with 3 separate PM’s in the South Perth / Como area….changing around doesn’t help much…they are pretty much as poor as one another…can you take comfort from that ?? When you finally do get a statement, make sure you are sitting down and have a bucket with you…..”Eating into your cashflow” doesn’t…[Read more]

I believe this is a very personal issue and at “crunch time” has little or nothing to do with property investing.

I’m currently living in a country where every man can have up to 4 wives. The average wife has 7.2 kids each (highest in the world). Each man on average is supporting up to 12 to 15 kids, and their wage is about USD $ 6 per…[Read more]

Derek,

His name is Greg Rossen. “Mr Nedlands” to the great unwashed amongst us.

He’s constantly banging on about Nedlands, but then with his business base there, you can’t really blame the guy for beating up business – like all REA do I suppose.

Cheers,

Dazzling

“Go hard or go home”

Hello all….rather long thread isn’t it…

Having spent the last good while reading all the comments on this one, I’m going to go against the trend and suggest the following IMHO;

Dalkeith
Nedlands

Both of the above are in “nice” family areas. Talk amongst the wives / they all either want to get in there or know someone in there and are a tad…[Read more]

Hi,

In a nutshell – yes. [thumbsupanim]

On my list of 17 that I am looking at, 14 are +CF from day one….

Biggest trouble I am finding at the moment – all of the chaps from the eastern seaboard must be looking at the same list I am and “fillin’ their boots”. [thumbsdownanim

Agents love them ‘cos they are willing to pay more – frame of…[Read more]

Great contributions everyone. Really impressed with “Old timer’s” and “Brenda’s” replies. Just imagine if we could tap into all that knowledge that is obviously out there in the community. I remember a famous quote by an elderly chap worth a few billion who still is running his show – who said “You can’t teach a new dog old tricks”. I’d like…[Read more]

Thanks for all of the great responses. It was very encouraging to know I wasn’t the only one “in this boat”, especially with some of the senior or veteran contributors experiencing versions of this.

I suppose all partnerships are going to have differing levels of keenness.

Fear seemed to be common thread in the responses. I don’t believe it is…[Read more]

Dan,

1. Pest control (white ant)…I find them to be a joke and do not perform these anymore. Got burnt royally (30K) on my second deal. [angry2]Certificate wasn’t worth the paper it was written on – in the fine print it was valid and enforceable for only 24 hours after the inspection….the company mailed out the certificate 2 days after the…[Read more]

Ryan,

I’m new myself so everything is IMHO.

I remember reading somewhere (think it was one of Warren Buffett’s texts) where he was quoted as saying the best philosophy is to
1. Put all your eggs into the best basket and
2. Watch that basket !!

Even though it ran against the grain of what all the investment guru’s on Wall Street were…[Read more]

A little ol’ shack just down the road sold recently that rented for $1.3MM per year, signed up for 10 years too…..so the answer to your ridiculous question is less than one.

But then, if you were able to afford it, you wouldn’t be asking questions like that…

Grab a calculator and some grade 6 maths.

Cheers,

Dazzling

“Go hard or go home”

Extremely happy with investing in WA. We haven’t experienced the huge surges like Vic and NSW, but we also aren’t seeing the drops as yet either.

I know it’s easy to suggest and extremely hard to do, but if you’re having trouble searching for non-negative props, my suggestion is to get the numbers a tad bigger. Tenants / clients are usually…[Read more]