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Wealth, greed and power is an insiduos desease that you can not turn back on once it gets in there brain. They liken it to being a Cocaine junkie and no junkie gives a damn as long as they are satisfied with there fix.
I hope house prices go down down down. This will help people wanting to buy in again after the banks knock them around.
I'm currently negotiating a property purchase which i have submitted the offer via email and doing the negotiations all via email.
Because i know all the variables to the property I'm only going to submit a 'subject to finance' clause because if everything else is right you don't want to come across as being to difficult. Putting a list is not necessarily you only need one or two possible. If you are naive, you will be paying a conveyance and or a solicitor anyway so do not sign anything until they check it.
If you are still not sure of a solid clause, you only need one clause as it is designed to 'get you out' of the contract if you want in most cases.
"The purchase is subject to due diligence to the sole satisfaction of the purchaser."
Then if for any reason in your due diligence (research) you find that you want to 'pull out' then you simply ask your solicitor and he/she will write a letter to the vendors solicitor to recind you from the contract.
"I own 2 properties and am looking for software that I can keep up to date to work out exactly how much the properties are costing me after rental income."
I use my own software. It says exactly down to the last cent how much any given property makes in positive cash flow and or negative gearing and takes every possible cost into calculations, including, IO, P&I, rental management, vacancy through the year a dozen of other possible variables. Deposit, COC return, annual rent, closing costs, FHOG, "what if's" etc. It does not consider tax at all. I'm leaving that to an accountant. Can store up to 1500 property analysis.
I use something simple and easy that i can understand. The numbers are the numbers you can spend $500 or $1000 but the raw numbers do not change. I don't see why i would use anything else no matter how rich i become!
Scam rhymes with SPAM. They are both words that don't ring well in the forum.
This and the other duplicate posts have been tossed in the waste paper bin!
Not sure totally what you mean? But with gmail email accounts you get access for free to google docs for editing spreadsheets online and documents, PDF's etc.
It's brilliant for spreadsheets and documents and all that sort of thing and very simple to use. I'm doing a lot of my property portfolio numbers and feasibility on there now days.
It's not specifically designed as a property management software though. It's for managing your documents online and collaborative functionalities.
It's a good idea. Please drop back anytime and let us know the magazine name.
I search of YouTube will find lots of info as well.
BHP Billiton recently laid off 200 workers from its Roxby Downs uranium mine, and the price of uranium in the past 18 months fell from 160 to $US55 a pound.
Roxby Downs stands out clearly to me as i was amazed at such a thriving town in the middle of a nowhere (visiting over a year ago).
But it was the only town where i seen signs all over the real estate agencies "Vacancy Rate 0". I just did a quick search of rentals at RealEstate.com and found 25 rentals now.
I bet thier is a shuffle around going on for cheaper rental places with the existing tenants.
I'd buy into something cheap under 100k (60k,80k,90k) in the Country with close to or positive cash flow now or with a little reno or something else like adding a self contained unit out the back or already has one out the back to rent as well, especially in the town I'm in with my anticipated rental squeeze closing in.
More deals right now then i have time and money to get into.
To me it's a no brainer – Invest in Property.
The less dirt on the shovel the less labor… and the less labor, less jobs, less jobs, less houses, the less industry to supply alternative jobs to less laborers means less is not best in mining towns unless they are going quite well.
You should not heed warning unless you are crazy or have good local knowledge and in a different situation.
Roxby Downs to me (during my travels) seemed set to be 'a next broken hill' in term of it becoming a tourist attraction and also a thriving mining town. It was a switched on mining town and a happening thing as an oasis in a baron desert.
Will larger better established mining towns such as Geraldton, Mt Isa and places like Roxby Downs be better positioned to riding out the bumpy road directly ahead?
I watched a very good program on The Great Depression the other day on television and people are very VERY spoilt today if they think we are in for another great depression. It may be categorized as that by economists but it's no where near as bad in this stage of the industrialized revolution.
They had to live in tin scrap tin built shanty's along the beach and give each other food and clothing. Thems were back in the days when they were hunting rabbits to live and stuff.
It was an interesting learning program! Now i know why my dad used to tell me story's all the time about how he would go around the traps for rabbits and carry dozens of pair on his shoulders. Then he'd say he only got one ice cream a week for a treat.
As usual with any program they take lots more time then the glossy video tutorials elude you to. I didn't go into learning it to much. But if had the time and inclination would.
I think it would be worth the time if you have the time and the passion. I also would not mind hearing from anyone that got in and used it and how it went?
I just received the same message from a private email sent from the contact at PI.com with a username:Sussanyou, that i blocked.
Trisha you're the first person i have blocked from advertising.
In most cases i delete a single post and leave a simple massage that acts as a reminder that advertising is not permitted in the forum. You have posted 6 times to market Jamie McKIntyre.
If advertising was allowed this forum would turn into a total mess. Building a reputation with genuine, valid and helpful posts is the go! If you would like to discuss the blocking please contact me or admin.
Yep look there's lots of properties l've been involved in submitting offers and or negotiating not been able to buy and or something happens. You learn something every time and you get more relaxed at the process.
I just gave that discount as an example of some of the things that are happening in the market (that might be little extreme). I'm on a much lower budget as well. But there is discounts in any budget at the moment.
Oh bugger. Don't worry there will be another one and you will be better prepared. The good thing is you are in the game taking action.
I seen a big add in the weekend paper saying 100k discount on 550k listed property to 450k.
Was this show interesting at all?
I appreciate your sediments. It’s a real shame…you would not meet a better bloke.
I passed the info on. Seems shes paying $960 and that’s the way it is. Does not seem right to me.
Doctors have found this illness to cause most patients with this condition to spend like crazy then later when they need palliative care and or things along the way they don’t have it and find themselves in a worse situation. So they have adapted a system where ‘x’ amount is given out along the way over a period of years dependent upon application and or how far the illness progresses i guess.
Brett is given chunks now and again. He got 3k the other day and spent it quite quickly then wanted more and often doesn’t remember what it’s spent on.
I think RE Agents have a standard form to fill in. I purchased the Buyer Beware product 5 yrs or so ago and have used that offer template a few times.
That is not available again yet. Usually you include a 'subject to clause finance' or some other ;get out' clause and a sun set clause for the agent to accept the offer by a set time and date. This can cause the agent to act quickly on the offer if you think there might be competition.
If still unclear your solicitor or conveyancing person should know. Often it's just a verbal exchange of negotiations until you agree and then get in to sign the official contract.
Use a 'get out clause' always as you never know why you might need it and also "yes" the valuation can come in as not good enough security to use against the loan after the valuation and or if the property is old and is regarded as "high risk".
I am currently tied up in an interesting deal where i was given pre-approval everything went fine until the valuation and the bank won't lend the money unless i have security in the form of an IP. So I'm rushing around to get a money partner to try save the deal and or get this current property completed to use as security.
I know there is 40k profit in the deal easily after i renovate it plus it will be positive cash flow.
