on advice of agent? really/?

Thats unusual that ann agent would steer you away from a vendor?

Do you think the agent had ulterior motives? (like buying it cheap himself?)

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Lifexperience

Weren’t mods like some kind of 60’s music type bad dressed groupies……………………………… I don’t know…..I wasn’t born yet.

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Lifexperience

Redwing, Best of luck with the rest of settlement.

It looks like I am not the only one who still has dramas with loans in this super-futuristic-deregulated-finance world that is meant to be so much better.

Why is it so hard to get 100s of 1000s of dollars?

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Lifexperience

thanks terry,
my own ramblings sometimes don’t even make sense to me.

Clear and concise, an art you seem to have mastered!!!

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Lifexperience

It is a good little retreat, and even though there are a lot of things I’d like to claim……yeah, I suppose I will just have to cop it wrt my partners accountant apportioning investment and non-investment .

I can’t have it both ways and I don’t like the idea of going to jail as a tax evader.

Cows seem to be the most profitable and least…[Read more]

This area fascinates me.

My understanding is that a defacto with no kids involved is dealt with in the state courts and each partner is only entitled to portion of assetts that they personally contributed to.

Add kids to the equation,,,,,different story.

If you are married (with or without kids, ) then it goes to the family courts where the…[Read more]

Go Gatsby,
Your insightful take on life will hold you in good “moderatering” stead.

:0)

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Lifexperience

Good point, I’m not a multi millionaire yet, I should stop stirring you up ………..

Boy, did I get a good bite though!

Have a nice day blogs :0)

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Lifexperience

Redwing,
The cows haven’t even been to market and we will be lucky to make a thousand each a year.’,,, the house is making good rental price.

I would have said property inspections but my partner has been raving to his accountant about how much fun him and his kids are having at this block.

So I have kind of been dropped in it, hence my need to…[Read more]

I’m not going to argue the toss. I lived there also up until recently and it was only the rare occassion when it took more than 25mins. Whatever, I don’t travel with the rats in peak hour, maybe you do.

I don’t have to explain why Glen Waverley is a very desirable suburb. The house prices there speak for themselves. It has and will continue to be…[Read more]

Balance is the key and is relative to each person and where they are in life respectively.

Delayed Gratification to progress financially early on is obviously not as appealing as having a nicer lifestyle at the time.

However later on in life the ones that delayed gratification will be much better off than the ones who lived it up early.

The…[Read more]

I’m no accountant, but I would say that if the trust is making regular tax payments (ie: weekly PAYG) then YES.

HOWEVER>>>>
I doubt that your trust is making regular tax payments (PAYG) to the tax office if it only owns property (AND I hope you haven’t combined an assett with other income producing activities for assett protection reasons!). So…[Read more]

The banks drive me crazy.

It is so frustrating as a little guy when so much of your own money hangs in the balance waiting on an unreliable paper trail.

I feel for you Redwing.

Possibly you could chase down the person at the bank A who claimed to have sent package to bank B (the person who processed loan discharge OR the bank A’s lawyers who…[Read more]

Property Guru (broker) was very helpful when I needed to find a lender that could do 80% on a large rural property.He is good.

It might be worth sending him a PM.

We used Homeside at that time.

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Lifexperience

Read some of his books first to get a taste of his ideas.

He is a great motivator, prioritiser and all round life coach.

IMO His principles have a lot of merit!

I am a fan of his work.

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Lifexperience

positive cashflow is just looking at your income(rent) versus your expenses (holding expenses ie: insurance,interest, rates, repairs, vacancies)

You can make a property positive cashflow easily by decreasing the amount of interest you pay. Ie: Pay more deposit/money off the loan.

This is separate to what the property value is. As the value of a…[Read more]

After Renos….:

TOTAL Income= $200 pw rent = $10,400pa

Expenses=interest on renos + purchase 6.65% * $130,000 = $8645pa
=rates $1300pa
=insurance at say $200 (Probably closer to $500)
=annual repairs at say $500
TOTAL EXPENSES = $10645

Cashflow = $10,400-$10645 = -$245pa = -$4.71pw

I’d say that it is close enough neutrally geared, which is…[Read more]

Glen Waverley is usually 25 mins to city via S.E Fwy. Has a very good quality Public High School, Cafes, Many Parks, Shopping Centre and a lovely train line. It also has a booming asian immigration population. The median house price here is a lot less than $900k………blogs, where on earth did you get all of this bogus info?????????????

Yadeh,…[Read more]

Ok, Dazzling, I may hold you to that offer. I know that Vic. Resorts and Hotels have been known to pay big dollars (extraction and even interstate truck delivery costs included), for good palm trees.

I will be in contact if I can set up a good buyer.

……you can keep the rats though!

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Lifexperience

Oshen,
As an electrician by trade I will warn you that if a power point on one side is not working, this is potentially a fault that could start a house fire.

Dazzling,
Brahms has some wise words on dismissing the reality of a down cycle for commercial/industrial when you are riding high on good times. Have you posed to yourself the possibility…[Read more]