Forum Replies Created
- dbliss wrote:Hindsight is a wonderful thing!! I was keen to buy last year…but my hubby insisted that we wait until the end of the FHOG…prices would fall he said….hmmmmm………still waiting for THAT to happen!!
I was guttered when they put the FHBG up, if they did not do this there would have been more deals around but then again the country would have been looking quite shabby right now.
I also thought prices may have dropped a bit after the grant dropped but with interest rates low it could only really do one thing,
so thats why the best thing to do was keep buying and don't stopfWord wrote:Heheh…I was reading the first post of this old thread and thought to myself that hindsight is a wonderful thing. If I had bought anything, ANYTHING at all during Mar/ April last year instead of sitting on the fence waiting for property to collapse, I would have made lots of money by now. During that time however I indulged in dinner conversation about the potential crash of the property market considering the abysmal share market conditions around the same period, a mistake indeed.I wound up buying something in August, under the fiery heat of incredible competition, probably overpaying in the process just to get my first home…now perhaps THAT was actually the wrong time to buy because interest rates started to go on the up and up soon after settlement.
Yes, hindsight is a wonderful thing.
HEHHE I love it, I do remember lots of these posts around a year ago and people were not sure on what to do and they were scared to buy property and they were running, I ran in the oposite direction and bought the bargains no one wanted. made more money in the last 18 months than I did in the previous 6 years
clkhoo wrote:To international empire, you do have points but one can also argue otherwise with other goods.
Just look at whitegoods for example or a computer or even a car. Has the price doubled in the last 10yrs or even 20 yrs ago?
Furthermore comparing what happened the past 100 years ago is what my point is all about. Will that growth be repeated the next 100 years?Ask any salesman with sales target and they'll also argue the same, one could start with a low sales target but when it reaches a certain level doubling it is a different animal altogether. Similar with any businesses, when it reaches a certain level it can't move on with the same level of growth. Point of diminshing return as it is called. That point will come I believe.
I just cannot imagine million bucks property in the medium term for the ordinary folks unless you're in Zimbabwe!
Obviously we're not interested what happens in the next 100 yrs or so but what will happen in our lifetime at least.
Whitegoods etc is a totaly different field, all the retailers have been ripping us off for years, there actually making huge markups on all home appliances etc 200 300% markups and we have just come threw a economy crisis so there is not as many people throwing there money at these items so thats why you are seeing lots of sales on, but still at the end of the day there still making good profits, when you pay $2000 for your plasma they probably paid $700 for it even less, it is only a bit of plastic, you buy it and they make more, you buy a new house and they build another one but thats if its economical and at the moment it is not so flash because council are very greedy and everyone has there hand out for the peice of the pie and it leaves nothing in it for the developer so he doesn't build plus there may be no more land to build so these are only some of the reasons prices will carry on going uppppp
PLEASE SOMEONE TELL ME THERE IS A TRICK OUT THERE IM NOT SEEING.
AndrewH, there sure is a trick and that is that he wants your $8,500 and then he will run.
Why pay someone else when you can save that money and buy your own deals and if you can't find a good deal then go to someone like metropole.com.au and I am sure they won't charge you any where near this amount and they have been around a long time and I am sure they will be around alot longer
send him an email saying you want the keys within 48 hours etc etc and tag your solicitor in on it.
What a scam $45k
RUN right after you have punched him in the nose.LOLhomersyd wrote:so why would one actually wanted to keep LVR to 80%? Is there any benefits of doing that?If you go over 80% LVR then you will have to pay LMI
rodhuy wrote:Hi Everyone, some of you may have seen my posts on another property forum over the yrs. i have never posted here before. well those who have seen my posts in previous years know i setup a private group membership for RP Data access for a bunch of like minded private investors about 5 yrs ago and we use it for our property research. its been invaluable over the years. however this yr we made the switch over to a better service called Pricefinder and i am happy to say its better IMO than RP.we use to only have access to SE QLD in our previous RP group but now we get the whole of QLD and also get a large chunk of NSW down to Coff Harbour. its a great area and invaluable to the serious property investor.
best news is that i have some members who have dropped out for various reasons in the 2010 year, and have a small number of spots available for this 2010 calendar year group. membership started in January, and was $360 per member for the yr. but as its now April and the available spots left i need to re-fill will now only be $280 till the end of the yr. (should be $300 – but first in to fill the remaining spots).
BUT NOTE: this is only for private users investing privately. it is NOT for any professional use, for any Real Estate AGENCY OF ANY KIND, small or affiliated, or Investment Companies or Investment Groups with memberships etc, or mortgage brokers or anyone who wants to use it at work of any kind. pls know that upfront and it forms part of our agreement with PF.
Pricefinder is really good modern s/w and our group really love it. it gives you all the default price history, fab reports and stats on all sorts of data and a super cool tool that uses an advanced algorithm that calculates an estimated fair mkt value of the house you are look at based in current mkt data of other properties similar to it. it even gives you an estimated rental price based on current mkt data so you can factor this in for your mortgage calcs. pretty cool stuff ! and very useful!!
anyway anyone seriously interested in buying investment properties needs a search data base in their arsenal.
so if you have an interest in taking up one of the last few positions AND are a private user who will only use the system for home use (as those are our conditions of getting a subscription with PF) , then email me if you want to join us and i will give you the details. i know there are a lot of professional members posting on this forum working in property and property related industries- this offer is not for you sorry. private use only !!!
HAPPY EASTER everyone !!
Rod
Hi, you say in your post you started up this year
however this yr we made the switch over to a better service called Pricefinder and i am happy to say its better IMO than RP.then you say
best news is that i have some members who have dropped out for various reasons in the 2010 year, and have a small number of spots available for this 2010 calendar year group.So if you have only just switched to pricefinder this year and you ask for a years subscription then why have you already got members that have dropped out???
louisepaul wrote:I have finally lost my patience with my property manager on one of my properties. They are slow and incompetent. I am now one year and 6 months into the 2 year contract. I would like to leave. About six months ago I discussed this with the PM and was told I could pay my way out, but that was it. This is not an issue about money, it is about keeping my tenants happy and my property well maintained. The fence started falling down over a year ago and I am still discussing it with the PM! I have discussed this issue with my tenants and they are happy to deal direct with us.
If I just leave and get the tenants to pay me directly, what can the agent do? They have $738 owing in management fees if I was to continue to the end of the contract. I'm assuming it would not be financially worth their while taking me to court.
Does anyone have any stories of sacking their PM? What did you do? Any advice gratefully received!What esactly are you discussing to your PM about the fence?
sonyasal wrote:Are you paying your friend to have access to their account? This was certainly not clear from your original post.Read my post again,
IF I was using my mates RP Data.
I am not paying him as of yet and I also do not have access to his account if this is what you are thinking but what I am trying to work out is if he gives me access to his account then will he see what properties I am searching on the site?
because if he can see what properties I have searched then I do not want to offer him money for access to his account
but if he can not see what properties I have been looking at then yes I will offer him money so that I can have access to his account.
basicly Its easier for me to ask on this forum than for me to ask him the question.Hi LBH, Personaly I don't like getting help from freinds and family as this can turn bad sometimes and also they can think they have something over you, but as long as there aware and your aware that it is business and this is a business deal then it could be okay,
If I was in your shoes and I was paying 14% interest I would deffinitly look at a deal at 10%
The other thing you would need to check is to make sure that your current loans don't have break fees because if they do it may not work out any better for you at the end of the day.If your freinds have more spare cash they want a good return on I may be interested, I would pay 9-10% P/A but I would be chasing $100,000 plus
Preferably $500,000 secured against propertyBasicly lets say for an example this property is worth $500,000 today and your mum sells it today then there is No CGT as this is your mums ppor but lets say you lease it for the next 2 years and then you decide to sell it and it sells for $600,000 well then the first $500,000 is free from CGT because this is what it was worth before your mum started to lease it and you will then pay CGT on the $100,000
2nd example
Now lets say you get 3 valuations in total because your not happy with the first 2 as you think your mums house is worth more than the first 2 valuations
value 1 $495,000 value 2 $520,000 value 3 $570,000
Now your happy with value 3 at $570,000 so you keep this valuation handy and when you sell in say 2 years and lets say the sale price is $600,000 then your going to pay tax on $30,000
lets say you sell in 10 years and you get $800,000 well then you will pay tax on $230,000Nathan_b wrote:I got most states $40pw for all postcodes and fuull access in each state. Thats cheap as chips.That is good, Is that threw RP Data? and do you get commercial and residential
Why pay over $4000 per year when I can pay less than $2000 per year, more money for investing in the next property
Qlds007 wrote:Depends if he has an allocated number of searches he can do each month before he reaches his maximim allowance and has to pay extra for them.If not why not come clean and ask him.
Not quite the question I was aking, I would think he will have unlimited but I am wondering if he can see the esact properties I have looked at, so No 1 surfers road surfers paradise No 10 summer street Broadbeach etc, If I look at a property for sale normaly its a good buy so I wouldn't wan't him to start sniffing my deals.
But if he can not see what I am looking at then I will pay him so that I can get access to his account when ever I need it.Anyone?
Lets say my mate gave me access to his rpdata, and I access the details from my place will he be able to see what properties I have been accessing?
That would be stupid to leave it vacant when you can collect an income from it, plus you could easily get a couple of valuations done and keep the highest valuation and if you sell in a couple of years then pull out that valuation when someone comes knocking and then there will only be tax between that valuation and the sale price, but if the valuation is higher than the sale price then there should be no tax to pay
across the road from the Torquay pub there is a good lawyer it may even be dixon and butler, but they can be pricey sometimes
Go to a accountant, but make sure he knows what he's doing, someone on this forum may have a good accountant they can refer you to. or go to nayler and chan there should be an office near you
Go to a accountant, but make sure he knows what he's doing, someone on this forum may have a good accountant they can refer you to.
