Aaaah! My favourite analysis tool, and I am still waiting for someone to show me I’m wrong. It is totally different to cash-on-cash return, which really only looks at the initial cash flow.

This is where I get long-winded, so duck out now if you’re already bored.

IRR is an indicative value which shows you what annual interest rate you would have…[Read more]

Good comments from all – especially those ideas on network marketing – lawn mowing – anything.

Your best asset is your youth and your willingness and awareness.

I’m sitting here kicking myself because I am stupid enough to only asked the questions around middle age (yuck!) – after trying a few get rich quick schemes and getting burnt (though…[Read more]

Hi Motivstorm

How about we all find an exotic island, not too small, not too big. Set up a government run along business lines – set out the real estate and sell it off/ develop hotels etc., declare tax rates of 5% with 5% import duty and 20% VAT (hit the tourists, not the locals) – make it a tax haven to attract more capital. Import the labour…[Read more]

Hi guys

Thanks for the kind comments. Actually, the place is pitched mainly at the local market – Namibia, South Africa, Botswana holidaymakers – who we see as a “more reliable” source for our little place, especially if another 911 hits world travel plans.

You’re quite right, o/seas folks want the Big 5.

We’re a little worried that the agent…[Read more]

Hi Acey, Rugbyfan, PK

Thanks for the comments and whew, glad the problem is not at my end.

We do intend updating the photos, just so busy renovating we generally don’t even sit on our own deck that much, let alone remember the camera. Trying to co-ordinate clouds and yachts is a bit tricky too…..

Open invitation to see the “oldest desert” in…[Read more]

Hi PurpleKiss

The site link worked for me, perhaps my ISP only allows member access to this site? Please try again, but I’ll check with the webmaster.

Glenn

I asked a lot of agents what occupancy they were getting – but statistics were not their strong point, so using my photographic memory I glanced at their reservations book and guessed a 30% occupancy figure. So far, we’re ahead.

I have set up a slightly embarassing web-site – http://members.mweb.com.na/glenetti (may I mention that here? – too…[Read more]

Hi Derek

Total Addict. Sat up to midnight last night with the forum. Not doing much investment with the wife at the moment.[evil5]

Most typical leases are paid at a weekly rate with a requirement, unless otherwise agreed that the tenant will be two weeks in advance.

Tenants are also required to pay a bond equivalent to 4 weeks rent upon taking…[Read more]

I’m absolutely positive that my search for positive cashflow properties has turned out entirely negative so far, to the extent that I was positive that I would have to buy a negative cashflow property just to get started. Now I’ve read a lot of positive and negative debate about positive or negative IPs, and posted some questions about when an IP…[Read more]

Hey Mini

No argument. You just made me feel really stupid, now that my own house is almost paid for. Unfortunately I only discovered last year that my own house is no investment.

Having trouble convincing the wife NOT to add that extra room to our house, cause it is no investment – until I realised I can add the room, then get a re-valuation and…[Read more]

Want some comparisons from Namibia, Africa?

but you don’t want a farm in Zimbabwe – you could pay with your life.

Seriously though, just ask the questions……

Your biggest risks are political upheaval and unpredictable and violent exchange fluctuations. However, high risk = high reward, as always.

I’m self employed and really enjoy the work, but just sometimes I’d like to tell a Client to get £$%^ and take on only the intersting or challenging work.

I agree with you guys, money ain’t everything, as I discovered when I spent 8 months as a Real Estate Agent doing property management [there – my confession is out – wrong place for it – I’m…[Read more]

More thoughts.

Interesting that in Australia you work with weekly rental. We work monthly for both loan repayments and rental, so the two are easy to compare.

Does this mean that rental in Oz is actually paid weekly? Do loans run weekly or monthly?

Also, I read that in Aussie interest only mortgage payments are possible? True?

My local brokers…[Read more]

Hi Zack

We don’t quite trust the Agent’s marketing effort, so for now we are doing our own marketing. The Agent is still useful to find the odd tenant, hand over the keys, check inventory and clean before/after.

We have a 2-tier commission arrangement with the agent – less if we introduce the tenant and higher for the agent providing a…[Read more]

Hey Michelle

See topic on Partnership breakup from Geo under Legal and Accounting. Seems George wants to get out of a similar situation.

Glenn

Geo

IMHO and experience with a business partnership over 10 years and 5 partner changes, the best way to end partnerships is to agree to end them on the same terms as they started.

So, cashing out is a good, fair and equitable option. OR one sells to the other, but at arms length. Either get a valuation of the IPs or put them on the market and…[Read more]

I’m just here for the posting guys. [whistle]

Hey Derek

Ever got any Nigerian excess government funds faxes? We collect them for fun.

I have a colleague who was taken not once, but three times by a “brokerage firm” from the Pacific rim – “invest in a new listing. Going to go thru the roof.”

Then, call from a firm in the USA – “we represent an investor keen to take on your loss in exchange…[Read more]

Hi Michelle

I’m in a commercial property investment with Partners now for about 8 years. The partners have come and gone over the years, with relatively little trauma luckily, HOWEVER, over time priorities change for different folks. For example – one partner may want the rental income, another may want to take cash out.

At present, I’m trying…[Read more]

Thanks for the news Derek.

I was actually at the Namibia-Aussie World Cup match in RSA last year. The first-time Namibians were pretty good in the field but collapsed against the bowling attack. But MAN was the Aussie team professional! They did not hold back at all when fielding, even though they knew it was a cruise match. Our chaps told me…[Read more]