Forum Replies Created
Personally I dont like the major parties.
Most common line for both sides is whether it is good for the party or not .
Whatever happened to statesmanship and concern about what is good for the country.They camnt afford not to have us with all the revenue from stamp duty and CGT.
They tried to get rid of negative gearing years ago and had to put it back when they found the Govt was becoming responsible for housing all the renters again .
If we became a collective voice and chose worthwhile minor parties or independents who were interested in the good of the whole country , not just us we would all be better off.
Cheers,
GregIt is a nice feeling to be able to help someone who genuinely needs help.
I dont like phone soliciting for donations as i dont believe much gets to where it is needed.
I also dont usually have much in my pocket to give what feels to me to be a usefull amount so I decided to be a bit more creative over the last couple of years.
We have a house we rent out as short term holiday accommodation so what I do is make up gift vouchers for say a two day stay and donate these to any worthwhile organization. Most recently the Variety Club whos money goes to childrens funds and I think most of it gets there.They auction the vouchers hopefully for more than I would normally charge and donate the money.This way they just raised $650 where if they had knocked on my door I may have only given them $10 or $20
Of course I may miss a booking but Ive made these vouchers for off peak times and if I can con my mum into doing the cleaning so I dont have to pay the cleaners then it wont cost me much and indirectly we have donated a lot more.
I reckon there would be a lot more forum contributors who could do similar and see money going where it really should.
Be creative .
Cheers,
GregThanks for your replies Guys,
Geo Block of 13 means it is a complex of 13 units and it is extremely well looked after and in very good condition
Matt I’m in bartercard and find it a drain on funds . Ive been trying for years to get someone to show me how to use it for PROFITABLE property deals. No one has so far Only usefull if you have a stash of barter to use up .Cash fees of 11% plus trade fee of 1% could represent a direct loss on your deal . If you consider this be very carefull to fully understand and get your sums right.
Cheers,
GregHi Marc,
Being careful as I got a friendly warning about advertising already for an attempt to seek advice on this property.
Had several agents look .All very impressed with the quality throughout. I have renovated entirely and it presents as new throughout.I have also put in brand new display furniture .The whole thing looks stunning. Everthing going for it except banks size criteria for lending.
The unit is 34 Sq M .It is first floor/top floor Great leafy outlook on three sides.
Block of 13 Extremely well maint .Money in the bank . levies only $100 a quarter.
Corner unit in corner block ,quiet street.similar complex of around 15 to 20 across the road otherwise surrounded by quality houses including brand new 2 storey federation style triplex just finishing . 400 metres to train station or buses . 400 m to cafes and shops. Maybe 10 minutes if busy to city by car. Agents all suggest Mid $120s should sell and agree other one beds in much bigger complexes fetching $115s to $130s usually requiring work.
I obviously need to attract someone with sufficient deposit but this does not seem to be happening.
There must be some way I can achieve this.
Any Ideas ?
Cheers,
GregThanks Terry,
I’m waiting for a solicitor to call me back.
I,m still puzzled that no one with any experience has anything to say.
It would be nice to have the help of experience .
Anyway I’m on a learning curve to solve my selling problem.
Cheers,
GregThanks for your help Terry.
Have you done this yourself ?
What can go wrong ?
Do I have to keep records and issue statements etc like a wrap ?
What rights or obligations would I have ?
Cheers ,
GregSorry Kay,
Not meant to be an ad.Please accept my apologies.
I am hoping someone has some alternative strategies but I am aware that to offer help they really need to understand the situation.
My experience on this and other forums is that if you are too vague then the only advice forthcoming is to give more information first.
I bought recently to renovate and resell and had not intended to keep.
Maybe I can do as Mortgage hunter has suggested and rent to corporate people .
It is already furnished to a high enough standard.
Motgage hunter could you tell me how to go about that as it may solve my cashflow problem?
Does anyone have any experience in this area ?
Thanks again ,
Cheers,
GregMy questions are to all who went to Steves Seminar.
One of the strategies with buy and hold is never sell to avoid agent fees and capital gain .
also general concencus seems to be the WA market didn’t have the rises of East Coast and still has room .
I have several properties I have had for some time and have huge capital gains on so selling would be expensive and I believe these still have room to grow.Eg coastal holiday rental with good demand and growing town ,another about to have a huge lake/park complex built just a few hundred metres away across the road .another 300 metres from a complete new marina /canals /beach development . Surely these types of properties should still be held as the market locally looks set to continue on and up .
Any comments please.
Cheers,
Greg
