Forum Replies Created
Thanks John,
the article posted is really informative. Which newspaper (or source) was this drawn from?
Regards,
HelenHi,
first thing — check with your bank or broker regarding latest lending criteria for holiday units. If you want to borrow more than 70% you may find some problems in your way. With some lenders it could be less. This could in turn present difficulties for you if you plan to onsell the unit at some stage in the future.
Regards,
HelenHi,
I recently attended a seminar with a presentation by Dale Gatherum Goss. During his talk, he said “it’s not a matter if you will be sued, but when”. He provided a number of examples which proved absolutely chilling. I am now in the process of reviewing my insurance policies.[blink]
Complete coverage is absolutely critical — and get a qualified insurance broker to advise on the best policy for your needs. Why risk everything for the sake of a few hundred dollars. It’s just not worth it[confused2]
Regards,
HelenHi jhighlo2001.
thanks for the update. Wishing you success in your legal proceedings.
Regards,
HelenHi,
CGU also offer a discount for multiple properties.Helen[biggrin]
Hi Steve,
now that your book is completed, perhaps you would like to add your comments to the thread Cash flow + property — who needs it???
Regards,
Helen[biggrin]Hi Folks,
any more thoughts on this topic[biggrin][biggrin]Regards,
HelenHi jhighlo2001,
in a recent posting you noted
thanks for all your advise. I’m now talking to a legal firm (and also requested the sizes from CE and their method of calculation)
Will let you know the outcome
Did you take the matter further. It really would be of value to the forum to hear of the outcome. Looking forward to your reply.[biggrin]
Regards,
HelenThanks Terry,
your reply was really comprehensive. I am sure a number of people on the forum have benefitted from your expertise.Regards,
Helen[biggrin][biggrin]Hi,
if unsure[angry2], why not put all your questions in writing to your insurer. Find out if they have a unit fielding questions from the public. Be as specific as possible, so that any replies are unambiguous. If you still don’t get satisfaction, isn’t there an ombudsman for insurance that you can contact to get the matter resolved.[blink]By the way — your question has prompted me to look at my insurance policy (with CGU). Good move to read it thoroughly now — too late once you have to make a claim and then find out the policy is inadequate.[blush2]
Hope this helps.
Helen[cap]Hi,
I agree with Monopoly.
Its a good move to spend time on this forum even if you don’t have the funding now to invest. Learn the craft first.
Secondly, regarding your sleep patterns — I can relate — I am completing some studies at the moment and found it great to work through the night and sleep during the day. That works OK if you live in a vacuum — but the rest of the world doesn’t. You really need to break out of that pattern.
Speak to your local GP. I am aware that there are sleep disorder clinics in Melbourne and probably also interstate. I don’t have any futher details but your doctor should be able to assist.
Once the sleeping problem if fixed, look at securing a job — and from there on, your next step is your first investment property.
So hang in there. [biggrin]
Regards,
Helen[cap]Hi all,
this question is directed at Peter Spann. You noted in an earlier post the following:
think “Brain” is the bestest EVER cartoon character.
I subscribe to his uber-plan!.
Who is Brain. What exactly is his Uber plan.
If anyone can answer — please feel free to enlighten me.[blush2][blush2][blush2]
Regards,[cap]
HelenHi all,
haven’t received any replies to this thread. Really interested in getting your take on buyer’s agents.[blink][blink][blink][blink][blink][blink]Hoping to hear from you.
Regards
HelenA huge thank you to all who have replied to this thread. Your advice has been taken on board and will definitely form part of my ongoing analysis of the market.[biggrin][biggrin]
Thank you once again,
Helen[cap]
Hi,
to get an idea of Cairns check out the local council web site. This will give you an idea of the direction in which this city is heading. There are a heap of developments (apartments) being built or on the drawing board. If you speak to the town planner, he/she will be able to give you an idea of the planning and development applications being processed now. I think the Northern Beaches is a good idea, although there has been substantial growth over the last 18 months. Where the market is heading is a little bit difficult to predict. Purchase the local paper — if you live interstate you can subscribe for $6.00 per issue — all you really need is Saturday’s paper.There seems to be an emerging view on this forum that property prices are starting to trend down and that opportunities are starting to open up. [biggrin] In terms of Cairns, I suggest you watch the paper and major real estate web sites to get a feel for the market in terms of price direction.
The Midwood report is (in my view) a useful publication giving a good overview of the Queensland market. Perhaps it might be worthwhile to invest $220 (I think this is the current price) and purchase a subscription (4 issues).
Recently I saw an article by the REIQ (prepared by their media department) extolling the virtues of investing in Cairns. Although the source is biased, it does provide some data to inform any purchase decision.[blink]
Hope this helps.[cap]
Regards,
HelenPeter!!
thanks for a detailed reply to my questions. It’s really appreciated.[thumbsup2] Your take on interest rates is particularly illuminating.
Regards,[cap]
HelenThanks Traci-lee,
obviously something to look into more deeply.
Regards,
Helen[cap]Hi Kay,
There seem to be as many opinions as there are people.[confused2] Are you new to property. It appears as if you are trying to take too much in and are suffering information overload.[blink] I think you need to focus down on a few issues rather than trying to absorb all possible information.[eh]
This forum is great if you have already reached a comfort zone in terms of establishing your investor profile. If you are really green to investing, then reading the postings on this forum could appear confusing, difficult to comprehend. The advantage of this forum is the depth and breadth of information you are exposed to. But for a newbie it could appear daunting.[ohno]
Perhaps you should just “take time out” to consolidate your understanding of property. Read a couple of books; start identifying areas you want to invest in; speak to a few agents; establish if you are into negatively or positively geared property; start to understand the differences between loan products — and then TAKE ACTION.
In my view, experience provides the best education. The other thing is — at each step of your investment journey send a post through to the Forum if unsure of some aspect or just wanting confirmation of a strategy. So go for it[biggrin]
Hope this helps.[cap]
Regards,
HelenWOW!!! Peter: that’s some reply. Now we all know what to aim for[thumbsup2]
The strategy that you outlined in your previous post — is this contained in any of your home study courses.[grad]
Secondly, could you briefly expand on a few of the points raised in an earlier post.
at the moment you can find quality property at genuine bargain prices.
When you say bargain prices — how far below recent market levels are you purchasing. (Your example of the $5 million property bought for $2.8 million is astounding).Deals can be done, and this is exactly the environment where I am at my best.
By this comment do you mean that you simply put the squeeze on a vendor?[blush2]The next few years will, in my opinion, sort the sheep from the goats.
Could you expand on your comment.Those of us who have been through a few cycles have been waiting for this moment and are poised to take advantage of it.For us novices — in what way are YOU poised to take advantage of a changed market.
I’ll fix my interest rates as I go alongOnly fixed interest rates — what do you know that we don’t.[blink]
Peter — hoping you will take time out of your busy schedule to inform and educate.[upsidedown]. Whatever information you are able to provide is greatly appreciated.
Regards,
HelenHi All,
Traci-lee,
could you expand on how the course has improved your property investing skills/knowledge/expertise.[grad] At the moment your post sounds like an ad. So enlighten us — what makes this programme different from other property courses.[bulb] Facts and figures only[blink][blink]Regards,
Helen [biggrin]
