Forum Replies Created
naaa Fibejebe, I’m not privy to anything else about the topic. I just looked up “kevin young real estate in google.com (australian sites only). I often look stuff up
kay henry
Ivana,
The RE agent can help you do many things. The credit provider can do other things, and your solicitor can do other stuff.
As a fairly non-savvy money-type, I usually let the solicitors (yours, the vendor’s and the credit providers) work it out between them. That’s their job
kay henry
richmond- yes, I agree with your comments
) But I guess we all see people saying “I want to buy in blah- it’s had blah% CG and therefore I think it’s a good prospect.”Buy in gloom, sell in boom, I say. Buying in gloom does not mean using other people’s misery, of course. It just means, to me, that I am happy buying in a place without much CG if it meets my affordability level and doesn’t cause me too much risk.
And I think most of us would agree it’s harder to get a cheaper place these days without it being a dump (a restump dump?) We can still find CF+ places possibly, but they are often of a much poorer standard than for the same price in the pre-boom days.
Then again, rural scares me. You lose that one rental family, you may not get another one for a long time.
kay henry
You sound like an advertisement barb, but I’m sure that wouldn’t happen around here, right?
Try the “heads up” forum, barb- this question has just been discussed there.
It’s ok- I have a green thumb- i work well with plants
kay henry
awww – give Props and Arty Moderator status. Dunno what they know about property, but they’re cute and fun
kay henry
Brisbane southside,
I found this forum because I have an interest in property. I don’t advocate any particular views about property because I’ve read one book which “changed my life…” (I think that’s kind of sad personally)
I do still love property though, and was fortunate enough to buy one property a number of years ago which has achieved a significant capital gain. When I first bought property, there were no internet sites around that I knew of. But this site seems ok to me, as I learn many things. I do find it tiresome however, when people just use the same old refrains and seem to be in some kind of cult-like frame of mind- that’s boring anywhere.
My perspectives come from reading as much as I can, and working out what makes sense to me. Not all of us are blind guru-followers. Please shoot me when that happens (to those who wanna shoot me already, gahead- give it a virtual shot!) [
]kay henry
Here’s the thing:
Neg gear = exxy property
Pozz gear = cheapy property.This ain’t “theory”- it’s “strategy”.
Do as you can afford. Harbour views are lovely if yer rich
As for me, I am gonna use depreciation allowances, charge median rents and slowly, I might be able to have some choices about the future, and maybe one day own my own home!!
I don;t do things by textbook, and there isn’t a “one size fits all” strategy. we’re all different, and we all have a different psychology and income, and all those things that make for differing choices.
A couple of cheapies – like 50k- might make some people feel that they have an “exit strategy” if some difficulty arises with work (like redundancy). what’s the exit strategy if you’ve just bought an OTP an are in debt for hundreds of thousands?
As with everything, we make business decisions based upon what we can handle. I like the points made by some people- either here or elsewhere on this forum- about people sleeping peacefully at night. RE can be risky business. noone wants to lose the shirts off our backs.
Exit strategies- thought of *before* you buy- can be just as important as “due diligence” in purchasing a property.
kay henry
) But I guess we all see people saying “I want to buy in blah- it’s had blah% CG and therefore I think it’s a good prospect.”
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