It’s good we can have a hearty real estate discussion without people getting personal.

That does sound like a good real estate agent, and I’d hold on to that one. I honestly did not know if Fountain was serious when she put the words ‘real estate agent’ and ‘unbiased’ in the same sentence. I’ve dealt with about 20 real estates in the last year,…[Read more]

“Yes, a Real Estate Agent with a number of investment properties in the area… That would be the best place to get unbias advice.”

Foundation, was the above comment said ‘tongue in cheek’. Was that satire? The concept of a real estate giving unbiased advice makes me giggle more than a little bit.

The last house I sold, my agent actually felt…[Read more]

I agree with all those insights Greg F.

“The party’s over” just meant that easy capital gains, mainly, but not only, made by those ‘passive investors’ are not possible in this market, especially in a regional town.

Specifically, your advice to buy quality property near the water in this market in Gladstone is dangerous. I’m sure you have been an…[Read more]

No problem..

1. The banks are now generally too lazy to do proper background checks and property valuations.

2. You can always get a low doc from one of the fine lenders on this website.hehhe

Seriously, you do have a problem. No real way of getting around it, maybe an external guarantor, but that’s too burdensome and banks don’t like them for…[Read more]

I totally agree with the above advice regarding the sale of one or even two of your properties.

Just regarding your potential move to stocks, just like property, shares are not without risk and complexity either, especially listed property trusts. Do your homework and always adopt a critical attitude.

I make great returns from stocks and…[Read more]

Gladestone is a regional town, as such I think your thoughts should be limited to positive geared real estate, which might even make a sneaky capital gain. Investing purely for capital gain is very different to positive cash flow real estate. Read a book titled, “Streets ahead” to see how different

Investing purely for capital gain in a town…[Read more]

“Depending on the actual status of the repo, this could constitute a breach of the federal Privacy Act and therefore the law…”

Hehehe, I don’t think it breaches new privacy Act but I’m sure we could find a law it breaches.

I don’t know why repossessions are so poorly advertised, as the banks do have a duty not to step on their customers (too much)

I know this is a property forum, but really this is a bad market for positive geared property so I think your mother should buy about four blue chip stocks, take the dividends and write options over those stocks for extra income. That’s 100k well spent in this market, making at least 20%

Have to agree with G7 although it is possible to get a contact for repossessions…but not generally part of the ‘industry’…..for example, I used to get info from a lawyer who worked for a major bank and would know of repossessions…this was legal but not exactly legitimate..