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Viewing 20 posts - 761 through 780 (of 972 total)
  • Profile photo of Don NicolussiDon Nicolussi
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    @don
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    how long is a piece of string? Sorry I can’t help with that. It really has to do with the fundamentals and not just the cashflow! Hey that’s just me. The cash yield should just be a starting point or use it as a filter to work out what properties you should bother looking at further.

    For me it has to fit into my plan (geeze i sound like an audio program).

    Think, of how to get in, how to get out and what you will do while you are there. (reminds me of other times) No, seriously you must buy quality properties and as long as the cashflow lets you keep buying you should be okay.

    Good Luck.

    Don Nicolussi | Property Fan
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    Profile photo of Don NicolussiDon Nicolussi
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    @don
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    I can assure you that there is not much capital growth in studios as I have an office in Darlinghurst and watch these prices all the time. There are some exceptions though

    Come of MA. I remember not so long ago you could get studios in Darlo for 60k (Vic street etc) and if you wanted to slum it up the road you could buy for high 40’s. This was about the same time as people were heralding the end of the world due to the Y2k (what was that again).

    I don’t think you could get them for that now. By the way how is the coffe at the “trop” these days?

    Cheers

    Don Nicolussi | Property Fan
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    Profile photo of Don NicolussiDon Nicolussi
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    @don
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    the gross figure is the total before it was ajusted for any expenses. ie all the costs still have to come out.

    cheers

    Don Nicolussi | Property Fan
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    Profile photo of Don NicolussiDon Nicolussi
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    @don
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    purchased my first property in 95 in nsw.. could have brought 2 more a year later…in the same spot for the same price..if only

    Don Nicolussi | Property Fan
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    Profile photo of Don NicolussiDon Nicolussi
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    @don
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    ahh ! the crystal ball!!!! as i look into through the murky haze I see the Australian Reserve issuing a warning of pending doom and leaving rates on hold!

    This should all happen in about 10 minutes time?

    Cheers

    Don Nicolussi | Property Fan
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    Profile photo of Don NicolussiDon Nicolussi
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    Besides there are a few spotters over there turning up good deals, I suppose you could now check the NZ listings to see if they’re trying to rip you off!

    Hi G7,

    Have you got one of the zenophobic computers that only finds sites that end in .au He He

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    Profile photo of Don NicolussiDon Nicolussi
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    @don
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    Shouldn’t he be living off all the brilliant decisions that he has already made?

    if he has to keep on buying property then really investment is just another job since apparently you never stop.

    Gee, it’s all about having the freedom to do what you want. Oviously buyings IP’s and running seminars are a passion for Mr McKnight.

    Investing in property has given us the freedom to do what we want to be doing right now.

    Successful people don’t just stop improving themselves. Success gives people freedom. Yes I will say it again. Say buying property in the US turns out to be a bad idea for Mr Mcknight? I don’t think it would really matter. However, if I were to buy the same 30 homes I would have all my eggs in one basket and the consequences would be far more significant for me if things went wrong.

    Why wouldn’t Steve tell all his loyal fans about his wonderful purchases. Could there be another seminar in the offering? Put your hands into your pockets to learn more wealth tips from USA Steve!!!

    There are people in this forum and somersoft who have been buying and bridogging properties in that same area for quite some time. It was no big secret!!! Why would you need someone well known to do it before you act.

    Cheers

    Don Nicolussi | Property Fan
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    Profile photo of Don NicolussiDon Nicolussi
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    @don
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    I have a feeling the follow may actually be steve under different user names: homefree, markusj, Kid, etc.

    if you really believe that then why bother logging on to this site and reading it let alone posting and making negative commments. According to you Colbert the whole site has no integrity so why waste your time with it.

    Why would you bother to contribute as it would just be like one giant online version of the “Truman Show” according to you.

    Don Nicolussi | Property Fan
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    Profile photo of Don NicolussiDon Nicolussi
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    Apparently somewhere between ’06 – ’08 the whole world will enter into an economic depression. Kiyosaki and other insiders have made commentary on this theory.
    Can anyone here give us some insight in regards to Australia?
    Buy IP’s now or hold?

    Fear will paralyse you if you let it! You need to take action and take a position in the market. If we do nothing then in the end we would all be dependant on whatever gov’t scheme happens to be around when we are to old to work.

    What would you do if you get to 08 and the crash has not happened? Wait another 3 years or five years. Would you wait until 2010 or 2015. The truth of the matter is that noone has a crystal ball.

    However, there is never a better time than now to take control of your life!

    Good Luck

    Don Nicolussi | Property Fan
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    Profile photo of Don NicolussiDon Nicolussi
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    see a solicitor asap and organise the division of assests before other parties get involved. Do it now while things may be more amicable.

    I would take the small tax free gain and move on.

    Good luck

    Don Nicolussi | Property Fan
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    Profile photo of Don NicolussiDon Nicolussi
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    Hi Ben,

    Now is a good time to invest but there is never a good time to rush into an investment.
    I see you are earning 70k before tax at the moment and you have some equity. How much deposit have you managed to save out of your wages?

    I would suggest that you only borrow to invest if you have the ability to service the debt. A good start would be to see if you can save a deposit or at least save at a sustained rate equivalent to what your repayments would be.

    I like to keep at least six months repayments on all debt as a buffer plus an amount for a subsistence wage if things go wrong. Obviously everyone has a different comfort zone.

    Then do a money budget and keeping a spreadsheet of everything you spend. Update this daily and then you will know exactly how much you have to allocate to investing.

    Then you will know what direction you need to go in. Perhaps you need to eliminate other debt or change certain things in your lifestyle. Investing can be a planned and rewarding experience or it can be an ad hoc disaster. Once you have a plan you should begin.

    You will need goals otherwise when times get tough and “life happens” it may all seem to hard. Don’t delay the decision though. Get organized, get a plan and begin your research.

    Good Luck

    Don Nicolussi | Property Fan
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    Profile photo of Don NicolussiDon Nicolussi
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    HI Rob,
    Are you saying that the only remedy available to V is the recovery of deposit monies?

    Don Nicolussi | Property Fan
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    Profile photo of Don NicolussiDon Nicolussi
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    Just reached a price that both us and the vendor are happy with on a 3br double brick unit in complex of 9. Price is $112,500 and the RA is happy with a $2000 deposit. Most banks wont loan above 95% of the value of a property, so at this rate the deposit will need to be in the mid 5,000’s. What benefit do I get from only putting down a $2000 deposit to start with?

    Borg.

    What’s the benefit to you Borg? Not much unless you have a few deals on the go at once and don’t have the cash.

    We should not forget the standard contract for sale of land read in conjunction with the relevant legislation provides for remedies over and above the deposits.

    I would not get to bogged down on that issue.

    In the senario of falling prices the vendor may be able to seek specific performance of the contract. This would be a more suitable solution. The subsequent bankruptcy and any effect on this senario is a bit too complex to be lumped in here.

    Cheers

    Don Nicolussi | Property Fan
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    Profile photo of Don NicolussiDon Nicolussi
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    One cannot purchase “the US RE market”, or “the Australian property market”. Other than LPT’s and the like, you are actually buying a tiny little specific individual piece of real estate. Concentrating on those details and how that tiny little piece actually generates wealth / income is what you should be looking at.

    Exactly!!

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    Profile photo of Don NicolussiDon Nicolussi
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    What state are you in? The reason you could put $1 down in NSW is because pre exchange of contracts deposits have no legally binding effect on the parties. This has been well established in a long line of case law.

    These are a gesture of good faith and intent only. If it was my property and agent told me the prospective purchaser could only come up with a dollar I would probably ask them if they were serious and or tell him to stop wasting my time!

    Cheers

    Don Nicolussi | Property Fan
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    Profile photo of Don NicolussiDon Nicolussi
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    I was absolutly furios and sent him an email that I would be contacting the real estate institute to report on what had occured.

    Would you mind letting us know what state this occurred in. Sounds like a hot market?

    I would move on from that deal an forget about it. The agent probably would not even read an email like that.

    It would be better to put your energy into something more positive like finding a new deal or building a relationship with a more ethical agent/s.

    Cheers

    Don Nicolussi | Property Fan
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    Profile photo of Don NicolussiDon Nicolussi
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    sit tight! You have got to consider the entry and exit costs. I might be old fashioned but I have always thought of property as a long term investment.

    Good Luck

    Don Nicolussi | Property Fan
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    Profile photo of Don NicolussiDon Nicolussi
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    Speaking to locals, contractors in town, hotel staff and agents they just can’t believe what non locals are willing to pay even for some real dogs of places in dodgy suburbs.

    This is a common senario Hot Rod. Does not seem to matter where you are every time there are significant shifts in capital value it’s the people down at the local pub that are the last to see it coming and the last to take action.

    Cheers

    Don Nicolussi | Property Fan
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    Profile photo of Don NicolussiDon Nicolussi
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    I would like to find one of those cash flow neutral PPOR’s. Infact I would like a dozen of them! He He [biggrin]

    The idea that people spend more time choosing a PPOR than an IP is a concern. If that is true it probably accounts for why so many investors fail at property investing or only ever manage to buy one property.

    For young people who have the choice to either invest in an IP or buy PPOR I would recommend investing every time.

    As for security and emotional stability I wonder how many landlords ask good tenants to leave. I suspect it does not happen that often.

    Cheers

    Don Nicolussi | Property Fan
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    Profile photo of Don NicolussiDon Nicolussi
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    Hi Hot Rod,

    I have never been to the area you are talking about. Is it possible that the investor knows something that you don’t?

    Good Luck

    Don Nicolussi | Property Fan
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Viewing 20 posts - 761 through 780 (of 972 total)