Forum Replies Created
If it was done in the 70's, the tiles are probably laid on a screed which makes it (IMO) easier. Just smash the tiles & concrete base to reveal the boards. Don't get me wrong, It's still pretty hard yakka – but it has less potential to damage the floor when removing it.
[/quote]Would it be possible to still remove the tiles from the screed using a hammer and cold chisel or something similar, and then chip the screed off?
devo76 wrote:zbfairlane wrote:An old topic I would love to revive. How about some of you guys with appreciating assets from three years ago. Have you Improved your ride yet??1968 Ford Fairlane $600 in 95, $16000 in 07 after $10k restoration. Very fuel efficient at 12mpg! The height of luxury as far as I am concerned.
As i have stated earlier, i have been lucky in this area. 2 years ago i purchased a hsv commodore for 40 grand. That car is now for sale and i expect to get over 120 grand. I was lucky to purchase befor the muscle car boom.
Hang on; when you first mentioned the Commodore it was $110k.
So, when are you gunna sell it?
Hasn't it been for sale for a coupla months now?
Correct Scott; a small detail conveniently left out.
People will pay big monet for being lazy unfortunately.
A finder's fee of $9,000 + GST on a property costing $340k, that looks like a dump?
The next one was $10k. I'm in the wrong business it seems.
Look, you are paying these clowns huge money for you to be lazy.
There is no mention of where these places are. They could be in the back of Bourke, with no cap growth.
Do your own research and find your own deals.
The tiles should have been laid on top of ac sheeting, which is laid over the top of the floorboards. Is this the case?
If not, you will probably need to chisel as much of the glue of as possible, then get the sander onto them.
Save your money.
How can you advertise a cfp property with rental returns between 6 and 10% while finance costs 8%?
Either the owner doesn't know about this offer yet, or they are hanging out for another offer because they think in a hot market they may get a better offer, or, as you say; they are still making up their mind.
I'm assuming you've signed the Contract? That makes it a bit harder if there is no time limit on the offer.
This gives the owner the option to still come back to you in a week or even longer, so any other properties you put offers on would need to have some form of "get-out" clause should the offer on this current property get accepted.
Another good reason to not put heaps into the "stuper funds".
The investment of the poor.
Dodgy as.
How can you advertise cashflow positive properties that have a rent return of between 6 and 10%, when finance costs 8%?
Wide berth required.
millions wrote:I remember seeing a property on the market for about 2 years. The owners ended up having the bricks, windows, etc painted white and roof and gutters dark grey and then it sold straight away.Did it sell for the asking price?
Could work, but what will probably happen in a town like this is the cost of the changes will not be reflected in the sale price. All it will do is make it more attractive to look at.
SHales wrote:Marc,
I'm wondering why you object to allowing the agent to have his name etc on the signage, advertising. Secondly, I'd consider all of your suggestions to be a form of marketing, just not an expensive marketing campaign. Sometimes I wonder if agents are paid a commission on the advertising that they sell. I'd absolutely agree that these expensive marketing strategies are unnecessary if you have the property correctly priced. Some markets have a realtor magazine, I find that I like looking through these personally, and the local papers as it is much more enjoyable than trolling over the stupid internet, through ads that are a year old, past the same old properties again and again. An agent that I work with a bit sends us this realtor magazine as a standing order, to keep us informed of the market. It makes good reading over a cuppa on the weekend. Personally I've found that fostering a good relationship with a good agent ensures a win win situation for everyone. A good agent is such a wonderful source. I'm always happy to see my agent get something out of the advertising.
SI'm not objecting to the agent having his/her name on the sign, or the ad, or the photo, or the poster. They need to have some point of contact.
But what happens is they take over the whole god-damned thing, plastering their face, their name, their agency and number all over everything. It becomes an ad FOR THEM; not your property.
Very standard industry practice I'm afraid.
And yes; they are paid kickbacks for the advertising; despite what they tell you. Good luck proving it though. Agents all over Aus are making thousands from advertising for their company that YOU pay for. Why should we?
I agree that you need a good relationship with an agent, but what happens if there are only 2 in the town like with Geoff, and they are both doing a bad job? If these 2 agents were any good, they would have told him truthfully that his property was probably $50k too high; could be more by my guess.
My mother is going through this exact situation right now; her house is way too high. I've told her (nicely) but she wants to listen to the local agents, who she slags off on a daily basis for not selling her house. Go figure that one!
Who knows, F.
As I said; broadly speaking.
You can go through and find contradictions on either side forever.
They're both crap anyway.
sheesh.
foundation wrote:L.A Aussie wrote:simple wrote:OK, bright part of Aussies have elected the Labor party to rule the country. I hear that they are
Labor is a party that looks after the down-and-outers and favours hand-outs to the masses; looking to keep them happy at the expense of longer term national economic activity and investment. Noble; but not necessarily good for the Country. They take away incentive for people to get off their ar$es and work to keep the economy ticking over.Liberal is a party that tends to look more to encouraging and supporting business, investment, economic endevours first, the hand-outs for the sheep are second. The motivated get rewarded; the others don't – as it should be.
But it was the Lib's who decided to tax unproductive speculation at less than half the rate of actual productive activity, right?
F. [cowboy2]
Hey Richard;
"sheep" is my saying!!
I love that word.
But I don't think it applies to Banks unfortunately; they're the wolves.
I hear the word CEO these days and a dark cloud forms over my head.
Landlord's Insurance is a must for this caper; no matter how good the area or the property.
It's a tax deductible cost of doing business.
Certainly ring up someone like CGU, of Property ONE, and ask a few questions about it; tell them you already have a tenanted property and see what they say.
I don't know that the current situation with the tenants will be an issue; they may ask.
I'm sure they will cover you, but it may be more expensive than doing it from when you buy the property. I don't know, as we've always had it from day one.
wealth4life.com wrote:Hi Steve and other … sorry to write boring on the header but i wanted to catch peoples attention,Quite frankly I am over all the get rich quick week end seminars and boot camps so can I just pay cash for Stephens 3 Strategies with out attending all the other hype and meeting boring people who want to JV or tell you how rich they are ??
I do not want to seem negative but I have attended sooooooo many of these courses including Metro Properties, Eddie Chans (chan and naylor accountants), Positive properties and the list goes on and on …
Steve why can't you do it on line as an eCourse etc etc all I want is the 3 secret strategies … are they really new or just reworded … how many more people could you catch and make lots more money on line rather than all the organization of a week end event which we have done many times … OK shoot me down i'm ready for it 2008 go Tiger …
regards D
Dom,
after 824 posts, what can you possibly learn from a seminar that you don't already know?
You've been out there and done it already, and combined with the Jan Somers site there is enough info just on these two forums to make you rich.
It just takes action after the knowledge, and the rest of the knowledge will come from the on-the-job training.
morts wrote:IMO there are generally only two reasons a property doesn't sell. Either the marketing is very poor or the price is wrong – or in the worst instance a combination of the two! As you are clearly dissatisfied with the REA's in your area I would recommend an independent valuation, arrange to meet the valuer if possible and find out info on market rents, time on market etc – at least this will provide you a clearer, independent picture of where you stand. Good luck!
M.Marketing is almost total BS.
The buyers (if there are any) who are in the market for properties in your area are already on the internet, reading the papers, trawling the streets and looking in the agent's windows all the time.
All you need to sell a house is:
1. simple sign on front fence (preferrably with no agent ad other than phone number).
2. colour printed flyers on the agent's reception counter
3. photo and description of property in the agent's front window.
4. photo and description of property on the internet – r/e.com, domain.com.
5. small, simple major newspaper ad, and possibly local newspaper ad (no ads for agent; just phone number).Tell the agent to pay for all this out of the commission. Total cost about $100-150.
One of the agents' classic lines is: "we have buyers waiting". If this is the case, then why do YOU need to do any advertising?
So how much will you take for it?
simple wrote:OK, bright part of Aussies have elected the Labor party to rule the country. I hear that they are known for weak economy control.
Next 12 months should indicate where are we heading. Any thoughts anyone?Broadly speaking, traditionally;
Labor is a party that looks after the down-and-outers and favours hand-outs to the masses; looking to keep them happy at the expense of longer term national economic activity and investment. Noble; but not necessarily good for the Country. They take away incentive for people to get off their ar$es and work to keep the economy ticking over.Liberal is a party that tends to look more to encouraging and supporting business, investment, economic endevours first, the hand-outs for the sheep are second. The motivated get rewarded; the others don't – as it should be.
If the trend continues, now the Kev has the checkbook, you should see things like tax cuts, increased welfare payments, more spending on schools, hospitals etc (which is good), but not a lot of support for the entrepeneurs, small business owners, investors and commerce.
They tend to have had little control over militant unions in the past, so productivity declined, overseas investment decreased, the economy basically stopped growing. This leads to higher unemployment.
Will this all happen again? Hope not, but probably. Especially because I also thenk that Kev is weak, and will just lip-service everyone to try and stay popular, rather than doing what is required for the greater good.
The good news will be that with less investment and entrepenureship, there will be more unemployment so the sheep will have no money, the house prices will come down a bit, but the sheep won't be able to buy so the rents will continue to creep up.
Cheaper houses for us to buy and increased rents; Yay.
dreaming wrote:My Plans for 2008:
1. Get the bank to value my properties.
2. Get Finance in place
3. Purchase investment property in Brisbane area 1st half 08
4. If equity and borrowing limits permit, buy again 2nd half 08
5. Sit back and enjoy the ride
6. 2009 draw down equity from properties, use funds to significantly increase exposure to sharemarket.
7. Repeat step 6 each year.How long since you've had the properties valued Dreaming?
It would be intereting to hear how the cap gain has been for you since the last val.
We settled on a block of land in Aug which will be for our next PPoR, so we will be doing some debt reduction and getting cashed up for the most part.
We have a decent amount of equity in the potfolio, but the current Bank is not letting us do much due to servicability (the new block has put a spanner in the works I guess) so we are going to also re-finance the portfolio so I can use some of the funds to buy a business for when we return to Aus in April.
All going well, we will use the funds from the business for living, and use the wife's income for more investing and debt reduction; maybe get the new PPoR built towards the ned of the year, then look for the next IP project.
