Extremely below value huh, kim? how is this win/win? I hope the lady receives good legal advice.

kay henry

Steve,

Congrats on the book. Perhaps the sydneysiders can have a reunion like for the Property Expo, and we can bring the usual suspects along- sis, Chan, PG (ahem- come home immediately!) Rugby, Teacher, melbear (poke poke Mel!) and a few unusual suspects, too

Could be lots of fun, I think

kay henry

I think it’s also about choices. I’ve had an interest in straight economics before my interest in political economy. I *choose* not to invest in shares- not due to fear etc. If I wanted to invest, I’d learn more about the nuance of them, but it’s just not an interest. Property will always be an interest.

I’m more interested in how I make the buck…[Read more]

Here’s the article on ethical shares:

http://www.theaustralian.news.com.au/common/story_page/0,5744,10305259%255E462,00.html

kay henry

Very true, sis. I see shares, though, as a lot like putting money on a horse. You can study the form guide, check out the horse’s history, know the jockey’s form, test out the track conditions… but at the end of the day, there are still so many unknowns. The thing with shares is, it is like putting money on the horse, and keeping it there race…[Read more]

That be this weekend

Hey Mel- ya been to any good seminars lately?

kay henry

Mark,

There’s a fellow on here called “depreciator”. He runs a depreciation company, and he knows all there is to know- so *poke* depreciator- ahem- you’re needed!

The first thing I think about with depreciation is depreciating the cost of the building… and that applies to 1985 properties- other than that, you can depreciate the usual items.…[Read more]

Mark,

I think you’ll find people assess these things differently. Steve’s CoCR is also about how much you put into the deal… so it has an implicit notion of deposit.

I just work out returns on a gross % basis- based on price of property and rental return. Certainly net return can be less- perhaps 2 percentage points… but then this can be…[Read more]

Kim,

Broad question because I am not sure if you are interested in a particular state or the whole country. The way I would do it is to go to google.com.au and type in “population increase Australia”. But if you have a state or a region, you’ll be able to find stuff quicker. Using google will mean you’ll be able to find every other report. If you…[Read more]

Yorker,

Seems pretty expensive- as in mid-300k’s. Sorry, my hit prediction is that it’s already boomed. I reckon you’ll be paying premium. When you say the rental yield is quite high, like how high?

kay henry

tedman,

If you type “off the plan apartment contract” into google.com.au it will come up with many many articles. You probably need to read a zillion things if this is your first such purchase. The OTP landscape has changed dramatically from say 5 years ago, and as Mel has said, the “flippability” (sorry Mel, for bastardising the language!) of…[Read more]

heya greenhorn

Just some ideas about Collie. Parts of it are floodzone, so you need to check that out. You would need to get about $110-$115 a week on a 54k place to make it around the 11 second solution thing.

The Collie Mail newspaper will give you some idea of what’s happening in the town. You can find it…[Read more]

We ARE generally a polite group, but sometimes we all slip up here and there. It wasn’t directed at you, Monopoly, and it’s been said in the same way many times before on here when someone crosses the mark. I found you saying to a new member, “You want a friend, join a social group!!!!” to be impolite and unnecessary, personally and have made my…[Read more]

Squash,

It doesn’t matter how long someone has been investing for. Perspectives are an entitlement around here. You’ll see many viewpoints, and the “hard versus soft” landlord notion, has been raised a number of times, and each investor has different ways of seeing it. To me, it doesn’t matter how many times I have difficulties with real estate-…[Read more]

richmond,

Dunno if you’ve seen the article in the most recent API mag. It’s on the kind of project you’re doing- it’s an article on commercial RE, but lots about small businesses, and “retail” type tenants. Lots of case studies, and mention of how such leases need to be structured. Also info about the kinds of people purchasing these properties,…[Read more]

Master, I feel the same way I haven’t read hundreds of investing books, but I think the Forum is great, just like you do.

Keep posting so everyone can learn from you, too.

kay henry

learay said:

“We are a little concerned to not unneccessarily phone agent after agent in an area only to find that they don’t have what we’re looking for, they try to flog to us properties that we’re not interested in, or they in turn hound us with time wasting calls. On top of this we don’t want to waste our money on flights/trips to inspect…[Read more]

Awww, richmond- and mine weren’t even ideas- they were just questions. We’ll keep this little fella up the top so people can answer ya

kay henry

Hey Lisa…

‘you’ve made the right decision’

hehe ) The kind of forward planning and projection you’ve done is absolutely the thing that will save you from making a wrong decision. It’s such good thinking about how the rental guarantee will stall you from future sale. Having said that… rents (without rental guarantee) don’t *always* go u…[Read more]

Lisa )

Thanks so much! As Simon said, it’s a hugely valuable reply and indeed will be useful to others- and very much useful to me ) I’m really grateful to you.

Ya know, I’ve just had this idea of “the one big deal”… that instead of going for the 10%, 20%, 30% CG here and there… that if one did “one big deal”, that it could fix it all up,…[Read more]