Forum Replies Created
hehe landlordtobe- no kidding. As if Labor is any different to Liberal anyhow. As for me, I can’t wait until we buy those $55 million war things the Feds are looking at- will make us all much better off! [
]Yeah, there’s a real “sky is falling” attitude around here. But landlordtobe- we’re on a property forum- it’s to be expected that there’d be a number of dry Liberals on here.
kay henry
Naughty fellows! [V][^]
Monika is still in Austria, perhaps suffering sympathy jetlag?? hehe. You know, I just slept 34 hours in the last couple of days? 20 hours on the plane, 2 hours when I got home, then up on this board during the wee hours of the morning, then back to sleep between 6.30am and 8.30pm right now… woke up looking like this: [?] and wonderinf what day it was! Thank god i have one more day before I go to work, or at my desk, I’d look like this: [8]
Hello dear Matty, glad to see you back
Welcome back to you too, Props16- yay! And to Chan and PG… you got a thing for miss monika huh? [!] hehe.. [:X] No wonder!kay henry
Thankyou Mister Redwing- certainly helps [
]It really makes it worthwhile to buy a unit/house built post-1987, and to pay the extra money for it. Beats getting depreciation just for curtains/carpets. [V]
kay henry
Rachel
When I sold an IP, I was given a market appraisal from an agent of $XXX. Then when he suggested I sell for a range of which the lowest price was $XX below what he had first quoted me, I said, no, that he had quoted me amount, and I wanted to sell for that amount. I said “If you think it is worth that amount, then that’s what I want you to sell it at”. Fair enough, I thought. We ended up putting a price on it of $XX above what he had quoted (the appraisal was given to me a few months before that), to allow for negotiation. I ended up selling for the original amount, plus 5% more.
Whilst I think it’s good to be aware that RE’s will conditoin us for our business, I think they have a responsibility to back up their claims. Turned out to be win/win for us. I think if they write an appraisal on paper, and say it is from past sales etc, then they have to do as they say.
kay henry
Good morning Lucifer!
I don’tbelieve there isa problem with rental guarantees… a lot of the 1-bed apartments in melbourne (city/carlton areas) have rental guarantees because they are rented to students or are presumaly used by motel chains. The guarantees are also renewable. I see nothing wrong with that. I am talknig about apartments- studios and 1-beds- which have guarantees of about 8%.
I am not talking about generic OTP’s. I think guarantees are great in an established market. Why not take on a renewable guarantee for a cheapy apartment (under 150k)? A guarantee is better than a vacancy.
But i reckon buying a docklands/southbank apartment at $350 +++ is buying into trouble- as soon as the guarantee is over, one is likely to get only 2/3 of that as it becomes a tenants’ market.
My hit prediction [
]kay henry
So for 36k, plus body corp fees, rates, insurance etc etc, I can own my own PPOR? Frankly, the ONLY way I can do that, is by buying IP’s and using the extra income I earn to get my own home. I’ll need $800 a week (for all mentioned above…), so I can afford it in 25 years when IP’s are paid off…
Am I right in this? Anyone wanna tell me how I can afford my own PPOR? [
]kay henry
]
Welcome back to you too, Props16- yay! And to Chan and PG… you got a thing for miss monika huh? [
!] hehe.. [:X] No wonder!
]
