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KICKS 66
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@kicks-66
Join Date: 2004
Post Count: 20
August 27, 2004 - 4:56 am
I just had a look at that site Kay,
is that for real???
Now i know what you guys mean about Sydney prices being inflated!!!
How do you guys afford to eat over there?
I am truly in shock.
You should see what palatial property you could find in Perth for that price.
Yep, I love this city!
ANITA
KICKS 66
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@kicks-66
Join Date: 2004
Post Count: 20
August 27, 2004 - 4:22 am
Hi Yack,
Point taken,maybe it’s just a personal thing then.
Personally,i can’t see myself lying on my death bed wondering “if only i’d got rid of my beloved pet’s years ago then i would now own one half of an investment property,or,i would of had a later model car,or what about that pretty dress in the window.”
It’s all a matter of perspective and what we are prepared to do to chase the all-mighty dollar.
Each case has it’s own merit and i understand that it may not be practical to keep so many animals.
Does any know where i could farm out the kids?
they’re costing me a bl**dy fortune!
[biggrin]
ANITA
KICKS 66
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@kicks-66
Join Date: 2004
Post Count: 20
August 26, 2004 - 10:02 am
The Crest,
What kind of a question is
“is 5 cats really a good idea?
It appears that Leigh’s animals are a consideration in her decision making process.
I find the question judgmental and unwarranted.
It’s not for any-one to question whether having pets that we love are a “good idea” or not.
The same could be said for a lot of other things,but i will refrain from going there.
ANITA
KICKS 66
Member
@kicks-66
Join Date: 2004
Post Count: 20
August 24, 2004 - 3:42 am
Hi Sonja,
YOU CAN DO IT!
If i can do it, so can you.
It’s just a fear that can be overcome.
You just have to think whats the worst that can happen? Like Simon said—you’ll feel stupid,but it’ll only last a few minutes.
FEAR stands for
False
Evidence
Appearing
Real
No-one has to know that you haven’t done it before.Just “fake it ’till you make it”
You go for it!!
ANITA
KICKS 66
Member
@kicks-66
Join Date: 2004
Post Count: 20
August 21, 2004 - 1:22 pm
Thanks techa,
The wiring is definately something i will have checked out.A good freind of ours is a sparky and he said that there should be a sticker on the meter-box with the date of the last wiring check,well there wasn’t any there and that’s what i was pointing out to the agent.Also it had the old ceramic type fuse as well as a new looking one,so i would of thought that it might of had a recent sticker-date on it.
I’m learning as i go,i don’t want too many expensive learning curves though.
Also,there was an air-cond mounted in a window,with the cord hanging there on the inside but no plug on the wall to put it into
There’s still a lot more to look into i think.
ANITA
p.s SIMON–I’m a [angel] freindly monster.
KICKS 66
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@kicks-66
Join Date: 2004
Post Count: 20
August 21, 2004 - 8:08 am
Hi everyone,
I thought i’d let you all know how i went today,armed with my new found confidence and knowing that you were all rooting for me.[biggrin]
I got there early as the agent had told me that the place was vacant so i had a look around the outside.I’d stopped at a newsagent on the way and bought a clip-board and had the PROPERTY ANALYSIS sheets with me,anyhow i’d made some notes and went and waited in the car.
So we meet at the front door and he’s eager to get into the house and i’m asking him about the meter-box and start making notes and he’s looking at my sheet and asking “where the hell do you get one of those?”, i explain that my partner works away a lot of the time and it’s easier for me to keep track and remember all the places i look at.
[]
So i’m going through and switching lights and fans on and he’s walking behind me switching them off and we come to the kitchen and we can’t seem to get the electric oven to work,so he’s got his head in the oven now and i’m opening and closing cupboard doors and one of the handles comes off into my hand so he’s trying to fix that now.[juggle][juggle]
Meanwhile i continue making notes looking like i know what i’m about and then HE starts pointing out all the things that are wrong with the place!
Asking price $77k
Offer $60k
He doesn’t think the vendor will go for it(of course) but he’ll get back to me.I didn’t sign anything anyhow.
Oh, and before he left he told me to make sure i get the wiring on the place checked out!
The best part of my day is knowing that I CAN JUMP PUDDLES!!!
FEEL THE FEAR AND DO IT ANYWAY!!!
Thanks to all for your suppport,it made a huge difference for me.And thanks Simon for your e-mail.
ANITA
KICKS 66
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@kicks-66
Join Date: 2004
Post Count: 20
August 19, 2004 - 2:39 pm
Thanks for your votes of confidence guys!
I’m just about ready to take on the world.[crown]
I’m going to take the plunge and will be looking at a property on SAT.
If i may pose another question—if i decide to put an offer on the place would i be better off to use the OFFER TO PURCHASE REAL ESTATE from the Buyer Beware templates,or,do i use the standard OFFER AND ACCEPTANCE that i “assume” the R/E agent will provide.
I realize that either one would do but was wondering which would give me the upper hand,if any.
THANKS AGAIN—in advance
ANITA
KICKS 66
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@kicks-66
Join Date: 2004
Post Count: 20
August 19, 2004 - 10:58 am
That’s a good one Simon, i’d feel comfortable doing that.
I suppose it’s just a matter of getting out there and doing it,with all the great advice on this site,hopefully i won’t bloody myself too much!
Thanks heaps
ANITA
KICKS 66
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@kicks-66
Join Date: 2004
Post Count: 20
August 19, 2004 - 10:33 am
Hi Simon,
What would be an appropriate opening question to the neighbour?
I’m just thinking that you couldn’t say that you didn’t want to bother the people next door as they might think “why are you bothering us”
But then again as Diane mentioned,people in country areas are usually friendly.
Anyway,can you think of any good openers?
THANKS
ANITA
KICKS 66
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@kicks-66
Join Date: 2004
Post Count: 20
August 19, 2004 - 9:48 am
Hi Diane,
Thanks for your great reply,in fact we did do some of those things you suggested,and yes we did find out some interesting things![cigar]
It would of been good to look at some of the homes on the day as my partner works away a lot of the time.
I guess i’ll have to get out of my comfort zone and follow up and inspect these places on my own.[dazed]
Thanks again
ANITA
KICKS 66
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@kicks-66
Join Date: 2004
Post Count: 20
August 13, 2004 - 3:23 am
Hi Wayne,
Have you checked out Steve McKnight’s BUYER BEWARE templates?
The whole package is well worth the investment and has Tenant/Agreement forms included,as well as much more useful stuff.
CHEERS ANITA.
KICKS 66
Member
@kicks-66
Join Date: 2004
Post Count: 20
August 13, 2004 - 3:15 am
Hi guys/gals
I’ve been reading this topic with great interest as i’m about to purchase my first IP next week.
I will have to manage it myself as it is in a small country town with no Real Estate/PM
Anyway, what i’m proposing on doing is having a Direct Debit facility for the rent.Assuming they have a credit card,this will be the way to go as the bank will always pay and the onus will be on the card holder to pay if they have overdrawn on their account. So hopefully this will ensure the rent being paid on time.
Just thoughts and ideas—has anyone else been doing this?and has it proved to be successful?
CHEERS ANITA
KICKS 66
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@kicks-66
Join Date: 2004
Post Count: 20
August 13, 2004 - 2:58 am
Wayne, unsure on any install. costs,quotes probably best way for market/average price make sure however that comparision is same i.e apples for apples.,get breakdown on all aspects labour, unit, power etc. My understanding is initially Evap is cheaper to purchase.Another thought is if a number of other people are looking at buying to join up to secure a better deal.Regards Mitchell.
KICKS 66
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@kicks-66
Join Date: 2004
Post Count: 20
August 13, 2004 - 2:05 am
Dear wayne,With the limited experience I have had with Air-con in the Perth environs I would suggest orientating toward re-frig,this method can cool/heat quickly thus can be set 1/2 hr. before arriving home so is not in use during time not in the residence, also allows for year round use.Evap. is great for summer given you have doors/windows left open for airflow and the weather is not humid as this significantly reduces its effectiveness (as some one pointed out earlier you can switch off the water and use fan only for cooling)Evap. are ideal in a commercial situation where you have constant foot traffic in and out of the building and in fact are cheaper to run than refrig.in that situation.As you are doing it for the tenant you are not having to pay the costs of running (wear and tear excepted)and you are providing them with an all year round temperature control.One other consideration with Evap. is if the airflow is inadequate it can result in development of mould and mildew inside the building(paint cupboards clothes etc.)I hope this helps in your thoughts.Regards Mitchell.
KICKS 66
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@kicks-66
Join Date: 2004
Post Count: 20
August 6, 2004 - 12:59 pm
Hi, excuse my ignorance here,but, could someone please tell me what LMI and LVR stand for?
Thanks
Anita
KICKS 66
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@kicks-66
Join Date: 2004
Post Count: 20
August 6, 2004 - 12:23 pm
Hi Julia, it’s taken me until today to realise what you were saying in regards to what is considered as repairs and maintenance and improvements.I guess i didn’t want to believe it as i’m about to buy my first IP and it needs about $5,000 worth of renovations and i would of like to have thought that most of it would be tax deductable.Not so.Never mind.
cheers
anita
KICKS 66
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@kicks-66
Join Date: 2004
Post Count: 20
August 4, 2004 - 12:12 pm
Thanks for the replies,
It could be that each state has a different policy about the FHOG, I’m from W.A. and i’ve got my hands on the brochure which was printed in Sept.2003 so i’ll need to check about the minimum time of residence.I did ring them the other day and the lady on the phone said that i could “go out and buy a block of units today”(i wish)”and still be eligible for the grant as long as i didn’t live in any of them.”
This is all new to me and i’m still double checking everything and i do appreciate your comments.
THANKS
ANITA.
KICKS 66
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@kicks-66
Join Date: 2004
Post Count: 20
August 2, 2004 - 8:15 am
Hi, I’m about to buy a property where the bathroom is basically a concrete room,so,if i was to tile it and put in a shower screen etc, would that be seen as an improvment and not tax deductable and how does one prove these things?
Would taking photo’s of a property before you start be a good way of going?
Cheers Anita.
By the way all the plumbing is in place.
KICKS 66
Member
@kicks-66
Join Date: 2004
Post Count: 20
August 2, 2004 - 6:37 am
hi nadeen, i too have been looking into the first homebuyers grant (FHOG).You can buy as many investment properties as you like and still be eligible for the grant as long as you don’t live in any of the properties.Once you receive your grant you can still rent your propery out as long as you reside in it within 12 months of receiving the grant.Also the Act does not specify a minimum time period that the applicant must reside in the home.The onus is on the applicant to demonstrate they have made the home their PRINCIPAL PLACE OF RESIDENCE.So that part of it could be open for discussion.Anyway you can get onto the website http://www.firsthome.gov.au
Also, i have recently discovered that the/my bank will only lend anywhere between 40%-70% of the value of the property in regional areas. Is this the norm or would i be better off going through a mortgage broker? Can anyone help with this?
ANITA.