Forum Replies Created
- Originally posted by RussH:
Steve.Hi.Would love to post about march newsletter.Only I havent received it yet and its April tomorrow.
Is this an ealy joke???????
Russ.So many +CF properties in Western Australia.Let me help you. And we can achieve a win win situation.Russ.0438 659 411
It is also available on the forum
.link below
https://www.propertyinvesting.com/newsletter/newsletter026.htmlIf that house was your PPOR and
now you place it in the rental market
check first if you sell it 1-2 years down the track if you are liable for CGTOriginally posted by nchattaway:
I hope that rental rates will rise over the next year or so, and push this IP into a small CF+ situation. I’d need a raise of around 5% to break even, does anybody think this is likely?Hi Nathan
I can NOT see the rents gaing 5% In the next 12 months
I think we will be lucky to get 2%IMHO I would NOT purchase
anything as Investment in
Southbank/Docklands
Too many negatives as far as I can see
I have been wrong before thoughOriginally posted by richmond:I’ll ponder it over a few beers as I watch the Tigers destroy Collingwood and get back to you all tomorrow…
Cheers
r26/3/2004 19:40 Richmond 9 9 63 3rd Qtr 18:00 4 4 28 Collingwood
Hopefully it will finish the same margin Go The TigesOriginally posted by yack:<<<<secret- build the portfolio and try not to spend too much money on holidays, cars, clothes, etc at the start. You get all that later.>>>>
Great advice – maybe I should mention that to the wife and kids. Well i should not complain too much.
Yack
I see we have same problem
If you find the answer PLEASE PM me urgently
ThanksI buy from newsagent
IF I remember
thinking of subscribingOriginally posted by georgisj:kaloni,
If you have no debt, shares, savings , IP’s and PPOR all paid off, then I would guess you could borrow 100% plus costs for your next IP.
James
Yes i know BUT
I would like to add to capital
so repayments are reduced
would about 20% be suficient??Hi
My situation is a bit different
here we go
I have about$100000 Bank $65000 shares
own my ppor
own some ip’s
No dept cuyrrently
so looking at properties around $300000 markIf you want to sell and not prepared to put price on
thread why not PM price to people interested??
with a clause they do not disclose the price in
thread???
I AM INTERESTED PM mehave they got a webpage
ThanksI don’t think number of properties
is a good indication
you can have
10 properties @ 100K
OR
2 Property @ 500KOriginally posted by Still in School:Hi Guys,
im not to concerned about what the media or some so called gurus, who have only been in the market for a short time, but theory is one thing, but reality is a whole different thing…
how many times have we heard “when a boom occurs a bust follows afterwards” thats in theory, but in reality this is the opposite in the properyt market…
… instead it will look like this…. boom, slow down to a steady out, and slowly rise to a higher steady out or increased boom again….
theory vs reality are 2 different things, nothing to be to concerned about….
… by the way, listening to the radio this morning, the RBA released this is the 13th year of growth consecutive in Australia…
Cheers,
sis.
Hi SIS
I don’t know how long you have been in
the Property Investment scene
do you remember late 80’s early 90’s????
I personally think the market will go down
5-15%in some areas and will recover in 5-6 years
I have been wrong before just a gut feeling talking to agents I KNOW WELL and are currently not able to sell for a couple of months the same property that would have sold within a couple weeks l;ast year and at a premium pricelooked at a townhouse in glenhuntly vic
a unit in ormond
then went for a drive around your neck of the
woods Yack
Mentone beumauris mordialock just
drove around checking the area and
looking For Sale boardsOriginally posted by yack:I have mainly bought 2 bed units. In hindsight houses would have been better.
A 2 bed unit described would be about $250k and rented for $200 per week. In Frankston a 2 bed unit in Sth Frankston is about $200-$220k and rents for about $160 per week.
If you could afford it buy a house as it had a larger land component but will cost more on a monthly basis.Just look at realestate.com.au and realestateview.com.au The agents are all the same.
I have invested in Mentone and Frankston. Capital gains have been very good. I am not buying now and am consolidating.
But I like Sth Frankston. There is a huge amount of investment planned for frankston eg. Marina, new shopping centres, picture theatres etc.
Prices have already gone up, but I expect more growth as the developments get off the ground.
I think the building of the marina is now at tender stage for builders. I would live in Frankston except that I work in the city.
Thank you Yack
I dont know how I put
my message in the middle of yours
before
PS If you see anything PM meOriginally posted by yack:My aim is to buy quality investment properties.
So I start as ve-, then as time progresses they become ve+ and I can then buy more quality properties. My strategy does require one to have some income. Jan Somers is the author of this strategy and I have modified it for my purposes and its worth reading her books.
Hi Yack
If you don’t mind me asking
what is the average price around these areas and is there an estate agent you recoment??
I am interested tere as well
just started looking thereThank you
My criteria is
1. Walking distance to beach, parks and schools
2. Walking distance to Train and shops. A bus is not public transport in my mind.
3. In my area – middle ring bayside surburbs of Melbourne. From Mentone to Frankston.
4. Reasonable quality so its easy to find tenants
5. I dont buy brand new
6. Median priced properties. Not expensive ones and not cheap ones. I will pay a little extra for the above requirements.Originally posted by AusProp:I see on the TV this morning that there is a possibility that Labor may win the Federal election. I haven’t really been listening to Latham’s wild remarks but I think I better start. Is this the blip on the radar that we have been looking for – this could be the trigger for recession in this country? Did he also mention abolution of negative gearing? Hold on tight – we may be heading into choppy water…. what do others think? Possibly rising interest rates, a labor governement, abolution of negative gearing, a credit balloon – is there any good news?
Show me a past government be labour-liberal
that has NOT raised taxes
good old Johnny said once there will never be GST
we all know rhe answer to that
negative gearing has been tried to be removed before with rents balloning
so it will not happen
To me it is scare tacticsThe market at the moment is very weird
so treat with caution
I see some properties achieve the reserves
and some not BUT even if they are not
been achieved some are sold
half of the actions last w/e in melbourne
were passed in with a vendor bid
one auction 3 weeks ago summons it up for me
Darling Rd malvern east Vic
Two of a pair on one block one sold about July/August last year $520000
3 weeks ago the other sold $354000
the only difference was one had an extra bedroom
added and better kitchen
IMHO I dont think the xtra bedroom was worth the
price diff
I could be wrong thoughOriginally posted by Derek:Hi all,
A tip for all – wait for your live update to complete the process before you open up your email programs. This way you have a greater chance of being fully protected before you open any emails.
Derek
ALSO make sure that you set the real time protection to on
otherwise the only way it will detect the virus
is when you do a scanOriginally posted by Pisces:Why re-invent the wheel Julian ?
There is a nice program around called Rentmaster which does a lot of things other than keeping a record of renatls received (including being able to print a list of delinquent renters etc).
It sells for about A $ 75-00
If anyone is interested and wants a free evaluation copy AND is able to receive a large file send me your email address.
If you’ve got problems receiving a large file say so and I’ll try to find another solution to get the file to you shortly.
Please note this program is only of use to you if you’ve got a number of rental properties.
Pisces
You can also download it and further details
from their website
http://www.rentmaster.co.nz
