Wow Barney,Gee you were fired up. Giving out such heated generic property advice without any substance other than glancing through "3 years" of other forum posts. Since this is an open forum and its just your opinion it cannot be wrong. I do agree with you that sometimes alot of questions on here can start with the old "How and where do I find +CF…[Read more]

Dont worry about egos. Offer $230k with a settlement date on your terms. If he is staying back purely to get rid of this property, then clearly you are in the box seat, NOT the Vendor or Agent!
go for it….[biggrin]

I noticed ‘A Current Affair’ interviewed both these men the other night on this matter. Both seem to have differing view of events. It came across that Bruce’s demeanor an arrogance annoyed Neil, so he decided to teach him a leasson. Did anyone else see this interview?

Phew…What a great story. Very entertaining!

Finally sifted through it all and I would re-neg the IO loan on the Commercial if poss.
I have a couple of my developments on IO, but having said that I genrally off-load the project after 12-18 months.

Any little edge you can get to re-invest into other IP’s is a good…[Read more]

If its any help. The guy I work with moved from Yarraville to Mt.Eliza last year and he works in South Melbourne (near Port). He travels 40-60 minutes each way, but loves it and wouldn’t have it any other way.

This shows me that everyone has differing thresholds of pain and versions of ‘long travel’. Port to Tarneit will take 20-40 mins depending…[Read more]

I disagree. Tarneit/Hoppers is booming will have very good infrastructure in the next 3-5 years, with slow but steady capital growth (Just so you know I have IP property in these areas). Having said that Carrum Downs will have much better CG in 3-5 years and I would personally love to be closer to the water.

In Melbourne its the old theory that…[Read more]

hi cazza
Is it possible to supply more information on the what/where/how? of these properties? Just so we can best part some advice to you?
hutch

If Dave Bradley is still buzzing around this forum. Would also love to hear your thoughts on your investing past, and what you think the future holds for your investing future.

That’s more like it!
Great story, great post Brent. That sums them both up.

I don’t know why ‘Clones’ seems to think “this is very bad news”. What would this be based on Clones?

No conspiracy theories please….its not really our beez wax as to their reasons.

Business partnerships – just like marriages/friendships – move…[Read more]

Find out what the “Sales” department of a Real Estate agency is charging in commission rates. If they are discounting their percentage rate. You can bet that this with filter on down to the Property Managers in that office, in the quality of their service. Don’t forget that most prop mangers only care about the quantity (numbers) on there book…[Read more]

I agree with your last point Craig.
My concern was/is the yield on “offer’, using creative accounting, as opposed as the realised yield back into the “Land Fanatics” pockets. While it “sounds” like a good idea to own multiple tracks of suburban/rural land stocks. The question should be; are there that many Aussies out there that will…[Read more]

Toyota Hilux SR5 V6 Dual Cab Ute(2006) Black!
(I love my beast)

hi Ben,
havent done Wraps. Dont intend to either.

But I know Steve is trying to off-load most of his Wraps deals for various reasons and is having some difficulties convincing the Tenants to cash out of his agreements and deal with a bank mortgage, rather than himself.

Also, How I understand it, is you dont “start” up a business doing Wraps as…[Read more]

By the way. Just to clarify.

I think this Land Fanatics venture appears to be outright madness…I’m more interesed in anyone out there that has done/doing it, or has enquired about it.

(I guessing by the lack of replies in the last 48 hours, that most forumites either can be bothered reading the website or just think it is all a big load of dross)

hi as41,
It may sound ‘Evil”. But don’t be scared of a ‘Contract Note’. In Vic. It is just a fancy name for a standard form contract to purchase.

Of course, like all transactions, have you conveyancer/solictor peruse first before signing.
good luck

hi juzz,
Tarneit is a good area that is expanding rapidly. Infrastructure is growing too. Hence all the shopping strips, malls and major chains going up. As well as upgrading of Werribbe Plaza and the Massive Multi Million $$$ Werribee Marina development. But it will take you 30-45 mins in peak hour to the CBD and minimum 60 mins to Hawthorn at…[Read more]

Hi mtofinga
Good Accountant,
Mark Unwin
email; mark@mjua.com.au

yeah, I have been thinking the same for a few weeks!
So has my brother who lives in Perth and has IP’s there. Your post has come at an interesting time. There are rumblings in the WA market place from “experts” that prices are on a plateau or on a slow dive down.

Will the Auction results, Investors or the Print media dictate the property market…[Read more]

OIE,
Wow that’s a hard one to answer without gross genralisations or offending half the state!
But here goes (for Melb/Metro) try these for size;
Sunshine, St.Albans, Maidstone, Braybrook, Altona Nth, Laverton, Footscray, Ardeer, Diggers Rest, Riddels Creek, Broadmeadows, Franskton…..???

Fowlers Auction Group or
Drills Swan St Auctions