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  • Profile photo of JeffRosalesJeffRosales
    Member
    @jeffrosales
    Join Date: 2002
    Post Count: 6
    July 17, 2006 - 12:35 am

    I checked out their site, and what they offer is finding negative geared property with a guaranteed lease for 10 years.

    Taking the 10 years lease away, anyone can find negative geared properties nowadays. And as to the 10 years lease, I think it is not necessarely a great bargain.

    Now, if you are gathering capital growth properties for the long term, then this option would be ok for you… but you don’t have to pay a 3rd party to do that.

    Hey! If you’re willing to pay someone to find negatively geared properties, you can pay me… I’ll find you a few. ;-)

    Jeff

    http://www.Learn-to-Draw-and-Paint.com

    Profile photo of JeffRosalesJeffRosales
    Member
    @jeffrosales
    Join Date: 2002
    Post Count: 6
    June 1, 2006 - 2:37 am

    You could advertise your property asking for expressions of interest. In other words, you ask prospective buyers what they are willing to offer.

    You are not obliged to accept their offers, and you could keep a database of interested people.

    Once you determine the price range (based on what people are willing to pay), you could use it to advertise it (again) with a realistic price.

    Jeff

    http://www.Learn-to-Draw-and-Paint.com

    Profile photo of JeffRosalesJeffRosales
    Member
    @jeffrosales
    Join Date: 2002
    Post Count: 6
    May 29, 2006 - 3:32 am

    Browncat,

    1. If you have not paid rent for about 17 years, have you saved that money? Or did you spend it? If you saved it, you would have a large deposit to buy that house.

    2. As the previous poster, I think that paying rent could be a solution for your mother in respect of income.

    3. A better alternative could be to set up a lease-option arrangement, where you pay rent above the market value (or by mutual agreement), and part of the rent for a period of – say – 5 years, would go towards equity in that house. Then, purchasing the house would be a bit easier (at an agreed price today).

    http://www.Learn-to-Draw-and-Paint.com

    Profile photo of JeffRosalesJeffRosales
    Member
    @jeffrosales
    Join Date: 2002
    Post Count: 6
    May 3, 2006 - 8:19 am

    Hi Steve,

    Jeff here, from the Wild West.

    I believe Easter States will show more of an impact than here in WA, if only because the prices have already gone down (even before the interest rate raise).

    Here in WA, prices have been up, up and away for a while now… and it continues on that trend. I think this is because there is an actual shortage of rental houses here, due to the massive migration of people looking for work as a result of the resources boom.

    I’ve had a theory, though, as to what is to come Australia-wide taking into account the following factors:

    1. Interest rate raise;
    2. Petrol prices;
    3. Lack of job security with the new IR laws; and
    4. Inflation

    My theory is that, eventually, families will find it difficult to service their mortgages… and they will either start defaulting, or will sell their properties to release themselves from their overcommittments.

    That may be the best time to buy…

    … I hope I’m right.

    Jeff

    http://www.Learn-to-Draw-and-Paint.com

    Profile photo of JeffRosalesJeffRosales
    Member
    @jeffrosales
    Join Date: 2002
    Post Count: 6
    May 23, 2002 - 6:41 pm

    Hi Steve,

    I think it is a bit early at this point in time to give some meaningful feedback about this forum. However, the idea is good (not necessarely unique, but good).

    I guess the relevant question could be: how can we make this forum different and “better” than other similar forums on the same topic?

    From past experience, what makes a forum successful is:

    1. The amount of “valuable” participation from other members;
    2. The quality of the posts/contributions by knowledgeable people;
    3. The opportunity to network with other like minded people

    There are possibly more factors that can make a forum a valuable resource, but the above 3 are the ones that popped out of my mind first.

    In relation to “valuable” participation, my comments is addressed to the fact that in similar forums people either make “otiose” comments,which do not contribute or share anything of value in these type of forums. Others ask questions, but their questions are never answered, or answered in an incomplete way. Our aim should then be to “share” our wisdom and experience to the fullest. “The more you give, the more you live”.

    In relation to the second point: We need people asking questions, and people who are able to respond. :-) It seems obvious, but sometimes there may be too many askers, and not many responders, or the other way around.

    Finally, the tyrany of distance of WA makes this wonderful state isolated from the rest of Australia. It would be nice if we could attract people who know people in Western Australia to network with.

    Wealthtipsonline.com.au has the characteristic that it seems to concentrate its contributions in the Eastern States region. Let’s hope this is not going to be a repeat of that website.

    I wish to thank you for the opportunity to participate in this forum. May it bring us all wisdom, wealth and fun (lots of it!).

    From Western Australia

    Jeff

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