steve,

Why not check out the profit and loss statements on the place over the last number of years (say 5)? If you are REALLY serious avbout this venture, I’d be sitting down with every rural PS owner I could find, and gently asking them if they’d have a chat with you about whether they think it’s worth the purchase.

kay henry

shirl,

I’m going to make a slightly less bullish reply than westan’s because, whilst I am sure we all have the greatest deal of respect for westan (I know I do), for every westan, there might be someone else who has lost it all (see the foreclosure thread). It’s likely the westan doppleganger types might not be on this forum, or if they are, they…[Read more]

Why would Steven not be serious, Marc? And of course, we’ve all heard of the reproduction and other biologically determinist theories- they’re not new. I guess they kind of kill off older people who are beyond reproductive years, from falling in love or attraction too.

As for me, I just like extremely good-looking people. Of course, I’m too…[Read more]

So basically, I could take mum’s credit card [curtain] go on a bit of a consumer spending spree, mum doesn’t dob me in [sealed] why would she? she’s my mum- it’d be mean if she dobbed me in [baby][cry][hypocrite] and then I can wait for 5 years and apply for a homeloan, and the marks against my name are gone? Actually, even if she did dob me in,…[Read more]

Well, hello mr howard… always nice to see you [axe] Just want to make a few replies to some points you’ve made. I’m hopeless at quoting and using different colours though

You said:
“Its seems to me that property investment is at its worst point in 5 to 6years.”

Well, yes, if you are looking at it from an owner’s point of view. Prices have…[Read more]

Thanks Celivia )

kay henry

Thanks westan and Baloo for the wordss of warning about talking up investment vehicles. There’s also been some answers to the Q, so I might lock this one.

kay henry

Jason,

I think it’s a point that we could probably all think about. How much cash do we have sitting around if something goes wrong, be it with a loan shortfall, if the rent doesn’t come in to cover the mortgage, or if repairs need undertaking? [cigar][guilty] Financial exigency is a real issue.

kay henry

https://www.propertyinvesting.com/forum/topic/11570.html

The articles in that link also refer to other capital city car partks.

kay henry

Terry- thanks for that. And stu, you must have read my mind- I have a thought, and you write an article about it- hehe.

Terry- what you’ve described is a cautionary tale. With the flatter market, I think we might see a bit more of this kind of situation- seeking quick riches, 105% loans, high-risk strategies… whilst people might boast about…[Read more]

Oh, and bloody so it should be cheaper- for something in victoria! check out this stamp duty calculator. I chucked in a figure of 250k. Victoria is 4k more exxy than NSW, and what is with qld? 4 times cheaper for stamp duty than vic! (oops- madly editing my post here The Qld figure is the owner/occupier one…[Read more]

I’m assuming that a line of credit is basically an account where you can access your equity without the fuss of having to officially do it by mortgage redraw. So basically, you have a card and can just go on a big equity spending spree?

What I am wondering is… if you have 100k LOC, and that 100k is your equity… so say you have a 400k mortgage…[Read more]

Oops- just to add to above post… it is not like you could use a BPI as a negotiating tool much anyway. For a new unit, it will be a collective responsibility to ensure the problem is fixed. So it’s not like you can say “there’s a water problem that needs fixing, and it will cost 30k, or something. It’s much more complex, and as you said,…[Read more]

elika,

You don’t HAVE to do a BPI (Building and pest inspection) for a new unit, unless your bank demands it. I didn’t get one for a newish unit I just bought, but I did get a Strata Inspection Report- essential viewing, in my opinion Indeed the SIR showed all issues about the building, including any building problems. So you’ll get the dirt on…[Read more]

Ballie,

Here’s their website:

http://www.empoweru.net/tla.asp

It’s an american company. There’s nothing I can find on aussie websites about the program. Guess by going to one of their workshop tasters, you might become one of the people who can train these young people to become super by being a presenter? Or by buying a franchise? Dunno- the…[Read more]

Ballie,

I am one of the people who don’t plan- anything Life for me is a series of surprises and spontaneous actions and unknown consequences- it’s quite fun

Re the business… I would hope that teenagwers could have access to programs which encourage self-confidence, and can discuss plans with young people, that don’t have any intent to take…[Read more]

MJT, Good idea re the built-in wardrobes- I think it’s a bit of essential in 2004.

PK, yes, security might be in the eye of the beholder, but I still think people want to be able to be able to lock up doors and things, for computers, any equipment people might have- including outdoor stuff, or even for their family’s security. I think there’s a…[Read more]

Nice ideas, LifeX

Mad, I’ve been thinking it over, and as LifeX says, ya gotta take time our for you. I have an ex, who’s an investor also. She says to me that we come in with nothing, and that the worst that can happen, is that we leave with nothing ) She pretty much does whatever she wants in terms of investments and lifestyle, and thinks “oh…[Read more]

jsando,

Not sure I completely understand your question- the bit about the tenants advertising with a number- where did you find the ad? in a newspaper saying “wanted to rent- house” or something? Anyhoo, if I’ve read your Q wrongly, the answer will reflect that

Not all prospective tenants will go to a real estate, I guess. In the time that I…[Read more]

Derek,

International students might pay a higher rate pof rent because they just arrive in Australia and have no clue as to the rental market. They’re often vulnerable to private landlords ripping them off. I see it every day in the work that I do. It affects their studies, and they often have to appeal subjects or fail because their…[Read more]