Rajesh,

I think it depends on where you are looking. Land is valuable when it is in scarce supply… but if you are looking say, in a rural area, then an apartment/unit could be more feasible. Generally, body corporate fees can be a killer in a lot of newer apartments, but in some places, units can be far more attractive. Units only really came…[Read more]

mtairs,

I’d be calculating it on income minus price + expenses. Simple. If you have a buck in your hand after all of this, then that is your positive cashflow. But you’ll have to pay tax on the buck

kay henry

Yep, I agree with the others- get out now whilst there’s some certainties- about amicability, and market viability.

Breakups are a vulnerable time- any certainty at all is a bonus. Foretelling future values of the property is a risky business. It may be worth 600k in 12 months time… or it may be worth 500k- noone can tell.

I’d take the money…[Read more]

heya Jeff

I was just gonna say that I think calling it anything Maori or even plays on Maori is a bit… umm… well, a lot tacky. I reckon that picking up on the trinkets and baubles stuff has a lot to be desired- unless, of course- you’re a Maori yourself- which changes things.

Why not just play on the Kiwi accent and call it a “Bickpickers”?…[Read more]

wezwaz said:

“Show people … that you don’t need the money to fund your investment program. Tell people exactly why you are doing this.”

wez, I think I know where you’re coming from here… but the most annoying thing I have heard is when seminar presenters say, “I don’t need to do these seminars- I make [insert fabulous figure here] per hour,…[Read more]

loan,

I have to agree with Nat here- I kind of wanted to laugh when I saw Kiyosaki being spoken of in relation to economics. I guess if he knew about such things, his first book would have been titled, “Neo-Liberal Economy, Political Economy” instead of Rich Dad Poor Dad.

I doubt there will be a global recession, personally- just thoughts of a…[Read more]

I would accept the $1 if the property I was selling to you, jewel, was $10. I would accept $100 if the property was sold for $1000- ya know- 10% of purchase price.

I can’t believe this area of property transactions is not more regulated. If a purchaser messes over a vendor, then the vendor is entitled to the deposit- which in this case, will be…[Read more]

Welcome back, C2! [hair2][king]

kay henry

Dazzling said:

“I suppose I was asking – other than legal means – what has worked for Landlords in the past.”

Sorry, Dazzling. I know you’re frustrated, but asking people for illegal ways of dealing with tenants is not helpful to the Forum. I’m locking this thread.

kay henry

I think you’re doing fine, Simon, but some of the old mods might come back (sis!!!!!!!!! PG!!!!!!!!!!!! Chan!!!!!!!!!! *screams* etc etc) Sell off your shares and come back to property, you boys! Actually, I miss Derek too

Posters might also realise it’s not just up to mods to delete inappropriate stuff- posters can also be careful about getting…[Read more]

G7,

A few reasons I can think of:

* A ppor might grow equity (but maybe not for the next few years) leading to the possibility of further IP purchases
* Security of not being chucked out of a PPOR
* We all know how landlords like raising rents, so we don’t wanna be old and still renting in a deregulated environment
* A PPOR finally gets paid…[Read more]

Rob said:

“As for being impartial, I think you need to look up the definition of the word moderator or relinquish your moderator status to post freely.”

Rob, when Steve asked me to moderate, he asked me to do two things: to remove advertising and to remove posts or threads that I found to be offensive. That’s it- that’s the entire job…[Read more]

Noone has ever suggested I am impartial. Not Steve, not anyone, and I am entitled to make posts on here about any matter, as is any other member or Moderator. I would hardly be bothered being a Mod on here if I thought that would force me into an ideological labotomy.

Rob, if it’s fine for you to make many posts about the Investor’s club, and to…[Read more]

Simon,

I do not know anything others don’t… all I am saying is i would not be giving over my financial details to every Tom, Dick and Harry, and I think some people involved in Derivex were very strange and unprofessional in the way they conducted themselves on here, Somersoft, and other forums (pretty much the olny places that Derivex were…[Read more]

As for me, I ceretainly thought the whole event was interesting- ridiculous, but interesting. Robert- you certainly had more than a fleeting interest in Derivex- you were on the management team!

I think the more dangerous element of all this were the applications that were put in… the mistake was for people to disclose their financial and…[Read more]

upandcoming,

I think credit is offered to people who have a lot of transactions- not on what they can afford to pay. I just got oofered an unsolicited credit increase (there was an article about unsolicited credit offerings recently in the smh, i think) and there was a box that asked me to tick if i could afford the repayments… thing is, I…[Read more]

Interesting topic! [thumbsup2]

In a way, it’s been true what’s said about what we talk about- if we only talk about how much money we’ve made- ugh- that sounds kind of lame- and the worst bunch of all are the nouveau riche- old money tends never to mention money- go figure.

On the other hand, I spent the weekend with an ex of mine- and we spent…[Read more]

I think a chat room would be great. It’s been asked for for so long- c’mon Steve- have a heart [hair2]

I don’t think any advertisements for tradies etc will be helpful- sorry Colin (1 post?) I am not sure we want this site looking like the yellow pages.

Steve, all I can think of is changing the background colour- perhaps some kind of blue or…[Read more]

A few comments here. I know of a woman who vbought a property 3 years ago in sydney- camperdown- negatively geared- and is now selling it as she has no tenant- and the highest price she hasbeen offered is 500k- a 100k loss- boom boom! (the basil brush boom boom- not the real estate boom). It’s a myth that ALL property has to double every 7-10…[Read more]

John,

I’m sure you know this was a legitimate question to you. On $650 rent (in karratha??) for a 425k property, it seems negatively geared to me. Neg gearing is all about depreciation and tax return. The reason I was asking is because it sounds like a negatively geared property wrapped in CF+ clothing.

On the face of it, 650 X 52 divided by…[Read more]