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Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of jesse010jesse010
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    @jesse010
    Join Date: 2006
    Post Count: 7
    July 5, 2006 - 4:29 am
    Originally posted by Stuart Milne:

    I have two houses there and would recomend it. I gained 23% Capital growth on both of mine last year which made me very very happy!

    If you need any tips or contacts up there let me know, I’ll be glad to help…

    Hi Stuart,

    Sorry I know this is an old thread, but I found it whilst searching the forums for info on Townsville.

    I’m currently researching the Townsville area and I would really apprecate it if you would post or msg some tips…?? [lmao]

    Profile photo of jesse010jesse010
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    @jesse010
    Join Date: 2006
    Post Count: 7
    January 25, 2006 - 3:15 am
    Originally posted by Property WA:

    Hey Jesse010,

    Thanks for the reply.

    That sounds like just what im looking for. What type of costs were involved? Type of thing that could be done in a weekend?

    Sorry, haven’t replied earlier… Definately a weekend job – although depending on the weather and the type of concrete you use, it would only take a day. Can’t remember exact costs but somewhere around $200 I think. Good luck with it. You would be surprised at the difference it will make.

    Profile photo of jesse010jesse010
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    @jesse010
    Join Date: 2006
    Post Count: 7
    January 17, 2006 - 7:38 am

    Not sure about the fence, but we concealed the side of an old shed by concreting 3 wooden posts (as high as shed) into the ground then screwing lattice into the posts. You could then plant a climbing plant at the bottom to add some colour, but the lattice on it’s own looks quite good.

    Profile photo of jesse010jesse010
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    @jesse010
    Join Date: 2006
    Post Count: 7
    January 17, 2006 - 4:35 am
    Originally posted by Derek:

    You are only young and have a hefty sized debt (88% LVR) on your hands as it currently stands. I wonder what sort of stress your existing repayments could handle if interest rates were to rise or you started a family or……………..

    We have taken these into consideration: Our rate is fixed for 1yr with the option to renegotiate at no extra charge, also we won’t be starting a family for quite a while yet.

    I would also get another broker to look at your existing structure. You indicate that you felt you got ‘sold’ something that really wasn’t suitable. You may find one of our friendly brokers will look at what you have on a ‘no strings’ basis to confirm you fears or reassure you that what you have is OK.

    I did actually contact the finance company direct when I realised how unsuited our loan was to us and I was able to negotiate a better loan with a competitive rate and offset account. So I am happy with what we currently have

    I would also spend some time working out what it is you want to achieve through property investing as there are many ways to make money from property.

    This is something I don’t exactly know yet and forgive me for sounding very uneducated but, I only know of two ways of making money from property: ‘buying a property to rent to someone’ or ‘buying a property to sell for more in a year or twos time’.

    anyway, thanks for taking the time to offer me your opinions, I will look for the books you suggested.

    Profile photo of jesse010jesse010
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    @jesse010
    Join Date: 2006
    Post Count: 7
    January 16, 2006 - 11:57 pm
    Originally posted by camder:

    I would like to remind those people in Sydney of the Sydney Meeting Group. We are having an informal get-to-gether at Petersham RSL 29th Jan at 4pm and then something more organised on the last Sunday of each month.
    All and any are welcome.

    Hi Len, Can you let me know what goes on at these type of get-to-gethers? Would really like to go, but don’t know if it would be for me yet as I haven’t yet bought any ip’s

    Thanks, Jess

    Profile photo of jesse010jesse010
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    @jesse010
    Join Date: 2006
    Post Count: 7
    January 16, 2006 - 11:22 pm
    Originally posted by Terryw:

    Did your husband marry you?[blink]

    Thanks Terry, fixed ha ha, but you can safely assume he married me ;-)

    Watch out for those cheap properties returning a high yield. Just because the yield is good doesn’t mean they are a good investment.

    Would you mind elaborating on this? What are some of the problems you’ve found with these type of IP’s?

    Just keep reading as much as you can, especially posts on forums like this.

    Will do, thanks very much for your reply [thumbsupanim]

Viewing 6 posts - 1 through 6 (of 6 total)