Quick calculation , and thanks for asking to check the figures, because it give me chance to check the figures over.

Can you get the price down a bit, now i did one lots of numbers on your numbers. you know some things vary a bit in the end result, but i got around what you got.

Now for the second one i factored in a lower mainenance rate of…[Read more]

Good words of wisdom John.

And good long winded post.

I could listen soak in and absorb all you have got to say all day!

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This seems to be about demographic arrangements.

That’s right you have got to be critical! Higher deposits and you will end up losing money. I don’t see iether of these being attractive. Although one makes $34.54 extra cash a week, the deposit is 50%. rather then the only numbers chaging in the first one is 20% deposit.

Property bought on these figures at 20% deposit.
11 Second Solution:Rent…[Read more]

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This seems to be about demographic arrangements.

Based on your numbers. I converted it to the way i do it based on the BuyerBeware template. And the results show that i think you got the numbers right.

I regard this as DEAD, because your not loosing money or making cashflow money, well not mutch $2.75 a week. but that’s if things run perfect. There has been no consideration for any rent vacancy…[Read more]

It’s doesn’t happen anywhere else.

I don’t beleive it’s an IE problem. Though i have found a way around it, i just have to adjust.

And drop them down instead of forcing them behind.

It’s def bizarre and i havent seen it any where else, forums, web sites or in general surfing! I thought it must have been something in the SNITZ forum softwhere…[Read more]

Lawrence, good on you for persuing this!!!

I live in a rural town of about 400 down in greener Victoria, where it’s not so mutch of a droubt and understand about these people and the things you’ve been trying to say and explain.

Don’t worry i’ve been quit surpized for ages about what the city fold think of ‘us’ , ‘it’ in rural life[].

As Steve…[Read more]

Would you not put 20% on the sale price of the property? Which was $45.000, with the $7000 FHOG taken out (the amount i would pay for the property for this example property is $38,000) but the market value is $45,000.

In the first example it was:

Loan Principal & Interest = $30400
Interest rate = 8%
Term = 25 Years
Weekly repayment =…[Read more]

No change again.

This seems to be about demographic arrangements.

I’d look into the rental history and see how steady it’s been.

I think pentioners are good esp the elderly.

Based on your figures it would be very cashflow positive. 16 weeks vaccancy a year..each flat, and its still CF+.

I don’t think you could loose.

Where is the block? If it’s in town, i cant really think of ways.

For instance i’m looking for a block for storage of a houseboat but it must be near the Murray River or not too far from it and away from where theives might target it. I would easily pay $50 a month to rent it. Maybee something like this might work in your area?

If it’s outta…[Read more]

I seen one in Echuca the other day!
‘Holdiday Maker’, they called it. $22k and you rent it for $50 a week.

Seems the caravan park owner was in the best position.

It’s didnt work out to be CF+. I didn’t look into it mutch more after the RE Agent said you have to live in it. And the owner couldn’t rent it.

After just travelling around a bit, i…[Read more]

No

Close stil in school.

http://www.whatpricemyhouse.com

Joff, thanks for explaining about that, sounds like a good lifestyle.

Mini, sounds like good experienced advice, i made a call to the State Revenue Office today and it is 6 months. Also found out about the Stamp Duty from the same place and it should have been $650 and if calculated at a vendor counter offer of $32000 would be $568. Made a call…[Read more]

quote:I believe that Risky has a very important point for you to consider.

Absolutely..i aggree…a very important piont!! For the record i will edit that into the first post in the downside.

Risky, How mutch rent do you think this house would get in that area?

Bless you too.

That’s the way to go to do a few exercises you’ve got the right idea. Each day i calculate a new scenario to get familiar with it. And calculate it with different figures, it’s amazing how the figures change as far as the outcome you get at the end.

Qu 1). Bor – I’ve edited the post above to change that. Is for Other Borrowing…[Read more]

quote:Well from what i can see you have done a reasonable amount of due diligence on this property. With COCR of 12.3%.

Thanks Matt
That’s want i wanted to know, if i got the numbers right? Now i consider that i have learnt one component of property investing.

I have read the post about investing in rural, i read it with interest. I’m in two…[Read more]

I live in the country why do you find it so dodgy that someone would move into a house in the country? If it’s a investment property near the Murray River all the better , i would like to move there because i will be putting my houseboat on the Murray sometime in the next two years.

For the right situation i would live in a first home. It’s just…[Read more]

Hypothetically the house would be rented for 25 years or more it would only be one year that I would live in it before I could rent it. I have based my calculations on renting it after I have moved out.