Hi Intrigue, You have been given some great advice and also followed some tried and tested tactics to uncover these opportunities, Well Done! These properties have all sold around the price YOU thought they would… so there is only one thing you need to work on and that simply is your communication with the agent and your timing!  No smoke and mi…[Read more]

Thanks Guys,I appreciate all your responses Charlie, Kent and Holly . I meant $20 not 20% but, i don't have the disposable cash, so I better chat to some solar people first to see if i apply for green credits., then gauge my tenants responses. Kent, I guess the reason why I am considering this is that Coober Pedy is going to be in a world of p…[Read more]

I agree with Scott no Mates,  And i'll also add that this bloke more than likely  sees 12 months in advance as a form of Savings. ie, his rent is paid, any other monies he can do what he wants with. Thats probably why he defaulted on a mortgage by not prioritising his savings.

Justin83 wrote:

dnshull wrote:
With all due respect Fredo and Darren.  As much as this information might seem important here and now, there are bodies that are not recovered yet in the two towns you are speaking of. Your investments are no where near as important as the Lives ruined by this tradgedy.  Be thankful it wasn't your house or your l…[Read more]

With all due respect Fredo and Darren.  As much as this information might seem important here and now, there are bodies that are not recovered yet in the two towns you are speaking of. Your investments are no where near as important as the Lives ruined by this tradgedy.  Be thankful it wasn't your house or your loved ones washed away in this d…[Read more]

Great to hear Spudway, best of luck. What town are you in btw?Merry xmas, Dave

Trying to make it big in Hollywood, with a fall back to the country music scene?? California is a great place, I lived in Simi Valley for a year and loved it. Would you invest in states you are living in? as you could save a bundle on collecting rent yourself? (there is no direct debit system in the states, and you wouldn't want cheques from your…[Read more]

Hi Brad,Good luck with the move and best wishes with investing! You don't need to pay stupid amounts to learn how australians buy property over in US, you will get a much better idea when you land in the states for yourself!! Follow the threads on the overseas investing section in this forum and you can't go wrong. You have an advantage as you…[Read more]

Hi Cas, I would strongly advise against getting them to call you  after a day or so with their best price.  Why?  for one, they won't do it (most dealers refuse to fax quotes) and you will loose your leaverage. And shopping on used cars is an unknown variable ie, klms, condition, previous owner with any three of those factors fetching a pre…[Read more]

Hi Cas, I sold cars for 7 years, and Terry is right… most car yards will waive the cc merchant fee to do business. Wouldn't recomend buying a 20 grand depreciating aset but… i used too As for keeping your leverage, do a deal subject to 'green light independant inspection' (racv/nrma,raa) and CC settlement terms, and you won't loose out. No…[Read more]

On a lighter note…I helped a friend move out when he sold his house. We spent hours and hours presenting the house in a better manner than he recieved it 16 months earlier, leaving brand new light bulbs, toliet paper on the rolls, gardens manicured to perfection. I asked why we were bothering, and he said it was just out of personal pride and…[Read more]

caring is sharing…

Hi Intrigue, your not wrong but half the problem is that many of your potential Vendors are no doubt mortgaged to +90% therefore your low-ball offers are well below a break even price!!  This may be the case for your friend and @240 may be below what she owes on the place! I would include in my criteria (along with your own points) houses  that h…[Read more]

Ben K wrote:
I like the chapter in Richest man in babylon, "Meet lady luck"Touches on how taking action is a big part of getting started. how procrastination is a big part of missing out on "luck" or opportunities to be lucky.I got started by taking action!sorry, random but relevant i think.Ben

Like it Ben.And in regards to luck, i remember…[Read more]

Thanks MarJac, the I/P is in SA.  From what I understand I will only miss out on a weeks rent (350), but I don't think my mortgage payment is due till next month anyway. So other than inconvienience, i don't think i have incurred costs for the delay (as yet anyway).  

Thats what I thought Illuminati, I have three tenants all paying rent this week… do i miss out on that too?

Hi Richard, sorry to jump in on karens thread, but my problem is in reverse: What action can I take if my Vendor is delaying settlement because he lost the title and has to apply for a new one? settlement was supposed to be on the 8th of Nov and it's now the 11th!! My funds are all ready to go. Thanks in advance for your suggestions. regards, Dave

Hi Nath, From what i read from the Business park info book, Rezoning was due 2009, do you know what held that up? and when it is rezoned are you expecting this to be rezoned residentail or commercial?  Sorry for all the questions, but one more…. How much did you pay if you don't mind me asking? Regards, Dave

Banker you make a good point, many of us here wouldn't disagree with what you have said. Were i get frustrated is that the Banks are just grabbing at cash.  After announcing 6 billion in profits? surely someone is having a lend of us. Dave

+ geared properties are out there, I just settled on a property in Coober pedy. 3 units returning 350 p/week total we bought for 170k. Thats about a 10% yield.  Not bad i thought.  And we fixed the rate for 3 years!!