Forum Replies Created
David,
Do you know regional areas could be flat or even negative cap growth. I’m not sure how you got your cap growth, but I’m hearing alot about investors buying in regional areas hence pushing up the price of these properties. I don’t really consider this real increase in value, just increase in hype.
JG
Hi Scott,
Are you sure of the capital growth potential of these properties you are purchasing? I would imagine these properties have very low capital growth.
I think most people have concluded that it’s either cap growth or cashflow in this market. I can understand people on this forum’s priority with postive cashflow. But it’s the leverage of other people’s money and cap growth where the big returns are.
Correct me if I’m wrong. I scratch my head everytime I read of someone who bought a regional property for their buy and hold, returning positive cashflow. It would be fair enough for a wrap, but $3-4 return a year with little prospect of cap gain doesn’t really sound appealing to me.
Regards,
JG
Hi Hilary,
In an ideal world the people who is wronged always gets justice in the courts. However, taking it to the courts would be the last resort, since who knows with the banks resources they could somehow turn the case around or delay the case until my relative runs out of money for legal fees.
There needs to be a way of settling this outside of court. Since the money is gone, someone has to come up with the money, and hopefully it’s not through selling the house.
Thanks
JG
