Forum Replies Created
I just went to http://www.google.com.au and typed in ‘buyers agent brisbane’ and it spat out quite a few at me.
This one was at the top of the list;
http://www.propertyresearch.com.au/
I’ve never heard of them but the website looked pretty fancy! How’s that for assistance, especially on a Friday night before a long weekend???
Happy Hunting…G7
There are a number of people that do this on the forum so I’m sure you wont have too much trouble getting the information you want.
However, I believe in this current climate it’s finding decent enough deals that ordinary investors will buy that will be the challenge, not the logistics of setting an operation like this up.
You could always specialise in a certain type of investment, but the deals are there if you know what you’re looking for…
Hope this helps…G7
Thanks for all the responses guys, it’s a hard decision whether to go ahead or not and I still haven’t made it yet (and time’s running out!).
Here’s a quick rundown on what’s on offer;
-manage meetings
-manage HR consultancy
-manage operational plan
-ensure a safe workplace
-manage people performance
-manage stress
-prepare and manage budgets and financial plans and,
-analyse and present research information.It just seems a bit ‘wishy-washy’ and sounds too generic to have any real value. However having a DipBus. beside my name could open doors that are currently shut.
I’m probably irritating people now, but what do you think?
Wow! What an awesome post and great story (deal).
It’s is not only educational in the format that you presented, but also very inspiring. You should detail some of your other acquisitions like this, of course if you wanted to. Once again, great post, keep them coming! [thumbsupanim]
I tend to agree about all these analysts predictions. The old saying always seems to hold true…If these guys know so much about economic trends and what the future holds why are they working as analysts?
I’ll also subscribe to the ‘Today Tonight’ theory. Forget about the fundamentals just find out what the crowds are up to and adjust investment strategy accordingly!
You should go, it will show you’re not intimidated. You should really make him feel uncomfortable. If you’re worried take someone with you and act like a real bitch.
I’d love to help you out but I’m in court on Friday for making threats to kill…[satan]
As for his mother, she probably wants to move in so she can help with the rent, or she could be like her son, an absolute scumbag. Get rid of these freeloaders, if they end up on the street, at least it’s not at your expense.
Good Luck…G7
Hi Sledge,
Hope you haven’t gone yet but deciding between 8% guaranteed or 40% of rental revenue sounds like a game of two-up with a residential real estate twist.
If you’re not affiliated I would steer clear.
Great stuff!
Awesome post [thumbsupanim]
That really all depends on what you want to get out of your invstments. You could invest in blue chip areas like Surfers or inner Brisbane or you could go the other way and invest in really cheap places because they might have the most scope for growth.
You could invest a million different ways in SE Qld. so it’s really about what you can do at this moment in time and what you’re hoping to get out of the investments.
Hope this helps…G7
Yeah, it’s been on there for a little while now. All I need now is a few town names in NZ, I’ve heard of Auckland but which friggin’ island is that on?
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![wink]
It would be nice if interest rates were going to come down, but I cant see it. Imagine the message that would be sent out to all those credit addicts in Australia.
The down market presenting a buying opportunity, who knows, but I’d rather wait a little while longer after it’s come down more and get an even better bargain.
As a subscriber to BRW and a regular reader of Gerry’s contributuions, it always amazes me of the analysis he comes up with. But who am I to comment, I get lost after the second paragraph.[wacko]
I agree with resiwealth, all these stories and articles on the cycle and what will or want happen is making my head spin.
I just hope what’s going to happen will just bloody happen, so I can continue to watch from the sidelines and stay broke[biggrin]
I believe that if the annual returns of the property can cover all of the annual expenses then it’s cashflow positive.
I regard acquisition costs as a necessary evil, and dont take this into account regarding positive cashflow.
In my opinion I’d buy the house, but it really comes down to what you prefer and wish to achieve, investing wise.
I’d buy an investment property, before paying off the mortgage. I know plenty of people who were going to pay off the house first before investing and then subsequently missed the housing boom. By playing it too safe, they made sure they didn’t lose money, but also made sure they didn’t make any either. Once again, it’s really up to you.
Good Luck…G7
These types of properties where you said are overpriced. They’re all negaively geared and the body corp and rates that are charged on these types of places will hurt even more.
If you think it’s the wrong time in the cycle for you then it is. Dont invest just for the sake of investing or because you can.
Seems like you’re in a pretty good financial position, so you should leap in when the time is right for you, not because everyone else is doing it. Besides, if you waited a little while longer, you’d be in a even stronger position to invest if the market turns out to be attractive again.
Hope this helps…G7
PPOR translates into principal place of residence. This is the house you live in that you own.
Unless you are specifically wanting to sell it to someone overseas, like a friend or relative, why bother with the hassle, just sell it to someone else. If they want it bad enough they can do the running around.
Thanks for all the interesting, thoughtful replies. It is a personal decision as to which way to go, either direction has very valid points.
I suppose you could buy a PPOR first up and have all the benefits of being in your own place, or you could just rent and give your investing a leg-up. Of couse it’s not always so expensive to buy, in comparison to renting, but I’m starting to wonder whether a ‘paradigm shift’ has occured that now renders owning your own place as a luxury. ie- The great Australian dream is now only available to more affluent people and not everyone else aswell?
If you sell within 12 months of buying the property, you will not get a Capital Gains discount (if there is one.)
It would be worth your while, if you can, to sell the property, if you have to, after 12 months.
