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  • Profile photo of jmsracheljmsrachel
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    November 9, 2012 - 1:26 am

    Jamie is right, I’ve met so many brokers that told me to cross collaterise my properties. It wasn’t until I joined this forum when I found our there is a better way to set things up.

    Profile photo of jmsracheljmsrachel
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    November 8, 2012 - 9:56 pm

    Hi louis,

    I actually know the house you purchased as I purchased the house across the road to you a few months ago with the intention of doing the same thing.

    The problem with Laverton is It’s still 5 years away. I reckon you would be better off holding off any building plans for now. Also the high vacancy rates in Laverton is a problem.

    Profile photo of jmsracheljmsrachel
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    November 8, 2012 - 8:34 pm

    Bugger! I wanted to sit next to jacm!

    Profile photo of jmsracheljmsrachel
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    November 8, 2012 - 10:28 am

    Maybe it was that time of the month for him.

    Profile photo of jmsracheljmsrachel
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    November 8, 2012 - 10:26 am

    I’d stick to bunnings. They are cheaper then most hardware stores. Plus they have an excellent returns policy.

    Profile photo of jmsracheljmsrachel
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    November 8, 2012 - 1:59 am

    Was going but got my dates mixed up so now I can’t!

    Profile photo of jmsracheljmsrachel
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    November 7, 2012 - 9:33 am

    Sounds pretty reasonable. But like Jamie has mentioned, depends on the type.

    Profile photo of jmsracheljmsrachel
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    November 6, 2012 - 9:24 am

    Don’t forget my car!

    Profile photo of jmsracheljmsrachel
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    November 4, 2012 - 3:03 am

    According to the badges this is your first question you have posted.

    Profile photo of jmsracheljmsrachel
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    November 4, 2012 - 2:36 am

    Terry, I can’t help you but can I be the first to congratulate you on achieving the first time poster badge. About time :)

    Profile photo of jmsracheljmsrachel
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    November 4, 2012 - 2:22 am
    landt64 wrote:
    I've invested in Frankston south of Melbourne which is one of the not so nice areas you talk about. It all comes down to the tenant though. Our property has risen nicely in the last few years, and although the tenants may fall behind in the rent from time to time they don't wreck the place. You've got to find a good investment and then get a good property manager to manage it for you.

    Landt64, you’ll be laughing in a few years. Frankston will be up there with time.

    Profile photo of jmsracheljmsrachel
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    November 4, 2012 - 2:18 am

    My 2 cents worth…. Read and read what people post on this forum. I’ve learnt all that I know from here. Best of all you can take it at your own pace. If I’m confused or not sure about something I just ask the question and within a few hours i have sound advice. PI.com is your mentor.

    ( steve you can forward the cheque to my address ;) )

    Profile photo of jmsracheljmsrachel
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    November 4, 2012 - 12:30 am

    Hi Steven,

    That’s some good advice from Derek, one step at a time. Slow and steady wins the race. I believe 58 properties is achievable. If you work hard enough, and never lose site of your goals you will get there. If it means you need to get a second job so be it.

    Profile photo of jmsracheljmsrachel
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    November 3, 2012 - 12:12 am

    Totally agree, I wouldn’t bother going further. With so many available the capital growth will be slow and minimal

    Profile photo of jmsracheljmsrachel
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    November 1, 2012 - 10:48 am

    Dubstep you must have an extraordinary photo album at home.

    Profile photo of jmsracheljmsrachel
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    November 1, 2012 - 12:40 am

    Dubstep aren’t you $70m richer? We poor people need to double dip to make a living!

    Profile photo of jmsracheljmsrachel
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    October 31, 2012 - 11:24 am
    Jamie M wrote:
    Terryw wrote:
    Very dangerous.

    Make sure you get legal advice otherwise you would be just one of many unsecured creditors down the track.

    If you're in Syd then I'd be approaching this guy (Terry). He knows a thing or two about IPs and the law.

    Cheers

    Jamie

    If I was to ever get sued one day, I’d pray It’s anyone but Terry. Otherwise I’m screwed!

    Profile photo of jmsracheljmsrachel
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    October 31, 2012 - 10:08 am

    The problem i have is not so much with the quality of tenants, its the time finding one. I end up finding decent tenants but after 2 -3 months. 

    The area i purchased the commision homes (used to be owned by the government) is in Laverton, Melbourne. SImiliar area to MT Druitt. It's a suburb slowly getting better, and the beauty about it is that it's only 20km to the CBD.

    Profile photo of jmsracheljmsrachel
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    October 31, 2012 - 9:43 am

    Catalyst i've purchased a few ex DOH but don't think i'll purchase any more as it is hard to find good clean tenants. Even though the property is fully renovated, the neighborhood is still a bit "dodgy" which scares away decent tenants.

    Although like you said  they do wonders to boost your equity.

    Profile photo of jmsracheljmsrachel
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    October 30, 2012 - 10:59 am
    Qlds007 wrote:
    Also the state of the general market.

    When they are twiddling their thumbs they are probably quite happy to talk about anything to a vendor.

    Cheers

    Yours in Finance

    So very true, have you tried getting an agent return your call when things are booming?

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