hi “wewannabuy”

ok Elves- little? lol, I should have called myself gigantor. Just joking.

I dont have many properties, three I consider my own, three I rent out among other investments. My loans are less, but three properties dont produce income so I am in the process of changing this. My equity is more given my slackness in not using the funds for income producing assets….hehehehehe though I have done nicely from them in terms of growth. (far outweighs income aspect)

Ok, well right at this point of my changes in structure, I wont be going to the seminar. As for you Wannabuys…enjoy the Trip.

I have been to many places….don’t give me the travel bug![] I would go again given the chance…*sigh*

Elves

gosh I would be thinking to myself (as an owner) the PM has lost my keys! Careless Get them to explain what they did with my set of keys!

As a tenant I would be thinking $%#@! if they misplaced or lost the keys, and I rent it, who has my keys?

If this is the case I would be demanding for security reasons that the locks were changed.

PM’s are responsible for the keys they hold, if there has been some breach eg lost keys, they should take the steps to rectify this.

I assume here that the spare set you gave them, and which you technically own, is now in their care and they might deny ever having received them from you (cover their tracks)

If you gave them those keys I wonder why they wouldnt give them back to you- they could have got a copy sooner and given them back.

Sceptical here, makes me wonder what they have been doing in anycase.

DO you feel secure now?

If you get a locksmith out becuase it is your fault- even though Pm has your keys, and you get a new set (or locks changed) you must give them a copy. hmm I would argue this though…lol

Elves

I too read the email, sometimes I want to go and learn things and I am sure I would. But I hate handing over my hard earnt money. To me even $10 can be a lot to lose.

I hum’d and Har’d about this before, and I am doing it again. Given that I have investments, I keep asking myself why? I know the answer for me, it is my insatiable quest to find ….to learn.

I guess I also ask myself why I feel that I can put more value on someone else’s info than my own…do I doubt myself so much? (no) So why do I want to go?

I dont know…so here I am procrastinating yet again…hmmmn must be the fee I cant hand over.

120 people is a large group, at even $1000 a pop, it is a lot of people, not even talking money here. Gee we didnt even get those sizes in UNI lectures.

I heard anything over 12 in a group limited your learning….

oh gee my dilema again to go or not to go….

Elves

I have friends with investment units, rent out on the gold coast. Their return is far greater, but they are concerned for on investment that the property managers who are elected by the body corporate, and who get free rent, are paid and guess what, are now purchasing untis for sale.

Now I mention this because the managers have bought about 5 units. I thought this to be a conflict. As managers they allocated properties for rent. They now can rent their own units before other unit owners. They also charge about $100 for cleaning a unit once let, or even if you stay there, you still pay the cleaning fee.

The building supports owner occupiers as well as investors. I think the managers have a nice little deal going. I would be out of there. The Indy weekend brings the most business and rents are peak at that time, this is offset by the downs, but overall until now they have been doing very nicely.

As far as caravan parks go, they are becoming fewer. There are reasons for this and I consider the following:

price of vans has increased
traffic problems with vans or campers- mobility issues
onsite vans are a pain, there are costs associated eg plumbing and sewer
you dont have ownership of your plot if you are a permanent
many councils stopped permanent living in parks

there are lots of other issues involved with parks I wont go into, but suggest you take a look at one, see how many permanent residents, if this is permitted, see what conditions are placed on them, check out facilities, check out vacancy rates, costs and other fees.

parks are large, costs can be considerable. Your time is never your own if you own one.

Elves

considerations:

capital gains tax, as Julia pointed out (and she should know)
consider parents age

scenario: say you didnt sell but rented out to parents, say parents sold thier place. they could afford rent (depends on if they are on pension). You get rental income, but have to service loans. You get tax benefits. Parents get a place to live, closer. Parents get money to live on.

scenario 2: parents dont sell but rent out their place themselves. Parentlive in and pay you rent.

scenario 3: parents sell, buy your place, can they get extra for the shortfall? I know they want more money to live on but….they want closer and there are costs

I would consider parents age, if they have a will that would cover such things….would you benefit down the track? could this be something you consider?

you are looking at the short term, maybe there are some long term prospects.

so much to consider, ages, equity, loans, living expenses, pensioner status, CGT…

Pensioners cant have too much in the bank, you dont mention any of this, so I assume they are not in the aged category for benefits.

Elves

I see problems with this

I like the idea however, but…

Information changes, people have expectations and if you sourced a site that gave specifics, even though the onus is on the individual, I can guarantee there will be problems.

At the end of the day, pooling info is great, but we arent infallible. Pooling cash flows….positive properties…well I would assume most people are in it for themselves, I am not convinced when it comes to making a profit that greed would not enter into it.

Nothing comes for free, anything worthwhile? I assume would have been picked and manybe the scrapes left, or some for a few….you get my drift. And if WE all flocked to an area, dont you think we would create an artificial boom?

Imagine one investor doing their thing, imagine 20?

I dont mean to put the kyber on anything that appears positive, but I guess I am….

You would be relying on ethics, ethics are not regulated, they are someones subjective stance and ethics differ from person to person. Like how do you substantiate a persons ethics? It isnt guaranteed and it is emotive.

Sorry I have been writing this for the last 15 mins! ahhh.

Personally, demogaphical info is also out of date, most of the councils rely on ABS, ABS is completed…well, forget it, the info is out of date the moment they start collating it.

Even electoral rolls are out of whack, for get census’ I do family history and lets face it, how many people list the true aspects? eg income? relationships…etc etc.

I would look at the town, get a feel for it, see what is for sale, see what isnt, see projected stuff, like building permission, council newspapers have those. There are many projects given the green light behind closed doors.

just my thoughts

Elves

which blinker? right or left?
statements made by people are that, opinions ..
sometimes it takes a long time for attitudes to change, sometimes they never do

some areas might take too long for some people to put money in that is their choice

good on you for your window of opportunities and multimillion dollar tradings- my gran alwasy told me, one mans trash is another mans treasure

but I got my places I like, you can have yours

cheers

This is not to insult the people of Darwin, but my family lived there, I liked it to visit.But only so much you can do.

Did my tandem jump onto the beach near the casino two years ago.

Problem with Darwin is the nature of the beast. Full of service personel. Essentially this is the kind of place it is, if it wasnt for them, Darwin would be almost lost.

Army contingent and RAAF I know is considerable, I know my sister married an army guy, I dated an officer (and gentlemen) from there.

The issues are the distance, very little in terms of facilities, think you do better on the base, they have a good canteen, loads of guys (YUM) and pool, and gym….ahhhh

Ok fun aside, pretty boring, think the casino keeps most happy…and poor. Though the service men/women that go overseas do get paid handsomely- tax free, mind you their partners, have a tendancy to spend it.

Darwin is too far away, service transfers out are common, a bit of a transient population, next boom town? dont think so (things are costly too)

blue cat

and how! you are so right on that one, only way is up…baby…hmmn song in there…

do they have weekend trade yet? i forgot to ask
used to close at 12 on sat