Hi,
the property manager I am with recently conducted some research and discovered tenants were more interested in polished floor boards rather than carpet. At issue — the carpet is harder to keep clean.

On the other hand, floor boards can be slippery (on socks) and could cause an accident. So insurance needs to be kept up to date.[blink]

I agree with other members of the forum regarding cold winters in UK and tenants would probably prefer carpeting. Stick with the norm?

Regards,
Helen

Hi Phil and Kate,

log onto the somersoft web site. Do a search on trusts. I guarantee you will find a heap of information — rather mind boggling at times. [blink] But better to have an idea of the questions you need to ask, than go into a transaction blindly.[blush2]

Regards,
Helen

Hi Zen,

if you check out the somersoft forum, you will find a long thread on Perth.

Although I haven’t read the thread, I feel sure you will find some useful information there.

Regards,[biggrin]
Helen

Hello Misty1,
if having a problem, send an email to PI administration.

Go the grey box on the left hand side of the screen and click on “contact us”.

Helen

Hi Mortgage Broker,

you posted the following:

If you buy a property and the bank requires additional security — how can you avoid not putting a second property on the line.[angry2] It seems to me that the only way to avoid X-Coll is to put down a sizeable deposit in the first instance, so that the bank is protected in the case of loan default.

Also, could you explain what you meant by:

Just a few pointers to clarify your comments in relation to refinancing would be great.[biggrin]

thanks

Helen

Hi Paleenia,

I think you need to gain some experience in property before starting to pursue development.

Have you purchased any investment property — if you haven’t then perhaps that’s where to start. Or you could consider starting with renovations. That would give you an idea of the type of problems you might encounter (eg coordinating tradesmen), budgeting, onselling etc.

As Michael stated, you need to either develop your education (at a mimimum, perhaps a six to 12 months TAFE course); or alternatively, identify some joint venture partners with prior experience in development.

Research is one thing — but going out there into the market is something else!!!

Maybe you might even consider working as a builder’s labourer. I don’t know if this is an option for you, but at least you could get a grounding in building/construction.

Hope this helps,

Helen

Hello Steve,
just adding my thanks to the previous posts. PI is great[biggrin].

So many people contribute and in turn receive advice. I am sure that everyone who logs on gets enormous benefit.

So THANKS STEVE

Regards,
Helen

Hi All,

I am a recent convert to Somersoft.

In my opinion both forums provide excellent advice and support.

I think Somersoft is more attuned to the experienced investor — the depth of knowledge on this forum is awesome. I am truly amazed at the quality of advice meted out by members.

Helen
[biggrin]

Hi Ali G,
The point has been made in an earlier post that you should confine discussion of your investment plans to likeminded individuals. Those who haven’t invested (or don’t have the courage) will be the first to put a downer on your plans.[angry2]

All I can say is GO FOR IT.[biggrin] Be your own person and do what is right for you.

In relation to another point you made:

I am at the moment trying to complete a PhD and do find that I am spending way too much time on property. However, property is also an outlet and as you know the saying “all work and no play makes jack a dull boy”. So enjoy your property journey — just make sure that you don’t deviate too much from your studies.

Wishing you all the best. You know what you want — just follow that path.[biggrin][biggrin][biggrin]

Regards,
Helen