Hi Kay,

yeah if it wasn’t for Steve’s seminar I wouldn’t be a) here right now and b) living my dream which property deals got me to and c) having a few properties now.

I just was so not comfortable with the whole numbers and investing thing in general as it was so far away from my life thus far. Reading books helped, but it didn’t push me over…[Read more]

I’ve been looking, albeit in a ‘still dreaming’ kind of way, in Double Bay, Rushcutters Bay and Darling Point and actually pinching myself at how CHEAP things seem (OK, ‘cheap’ is all relative I know, but I am SURE these joints were heaps more expensive a year or two ago -) and I’m seeing 4 bedroom houses on 540 metre lots in Double Bay for around…[Read more]

Hi Kay

i think you did hug strangers (us) by offering your ticket to the seminar (!!!) and I think you are cool

thanks for that
cheers-
Mini

joy to the world

I would agree that 5k seems a lot per deal.

I would seriously recommend the bird dog DD on the forums, I have used him myself, and his specialty area is Queensland. He not only has ALL the data of employment, infrastructure for the future at his fingertips, but can tell you specific things about what properties in the same street he bird-dogs in…[Read more]

I get why lenders won’t lend on the most overpriced suburbs of Sydney right now until they have ‘corrected’ a bit.

joy to the world

Locked threads = “awwww, spoilsport”

Moderate dodgy posts = win/win

“Those who believe interest rates are going to remain at current levels for a long period of time are kidding themselves.”

Not necessarily! Maybe they FIXED their mortgages!!! hahaahahahahahha

Re: promoting one’s own town, I never name check where I am investing and neither…[Read more]

Parents teach kids more than schools ever could.

literate, cultured, socially aware and enlightened parents will raise literate, cultured socially aware and enlightened kids – bright and talented kids with self-esteem and compassion – and *they* will be the ones who do well in school, not to mention do well in life!! – and along the way those…[Read more]

Hi Kaye,

I agree with you about Australia right now. I predict there will be deals in Aus again, but they might not be aplenty until everyone is way cold on property and sick of it and sick of watching prices going down and selling like lemmings and nobody is buying! *That’s* when i will be buying. Meanwhile for *now* I am buying in other markets…[Read more]

“I would argue that the person with the million dollar house- which made “invisible money” during the boom… would be far better off financially. ”

Kay of course you would argue that and you always do because in your paradigm you cannot accept that CF+ve properties go up in value. they do!

My funny little properties have gone up in value in a…[Read more]

wicked!!!

I went through the ‘walk away’ process on my first potential purchase after a dog of a builder’s report. it was a more expensive property so my expectiation of what I should get for my money was higher. My second two properties also had dogs of builder’s reports but they cost about 30K each less than the one I walked away from with…[Read more]

Hi there,

I agree with westan and geo.

only you will know if 79500 minus whatever you an negotiate, plus grief, time, on an 11 percent yield return is worth it.

How likely is it that you could find a similar property at a similar price without anything needing doing? (hopefully if you have looked around you will kind of have an idea of what’s…[Read more]

sis said –

“but there are other better investments than property at the moment”

” Sydney property market is down 5.4% ”

Yeah, well, there is that.

I am certainly not advocating ‘investing’ in sydney at the moment!!!

With any investment you pick what you are wanting to achieve, and weigh up the risk, return, and work involved. Sure,…[Read more]

Invercargill – yields around 11 percent on current prices, if you can get a tenant – as there may be an oversupply of certain types of rentals.

Capital gains potential – don’t know, as the long term trend of decline has been stopped and somewhat reversed by the ‘students study free’ trick the clever mayor has introduced, plus other clever…[Read more]

CORRECTION!

I don’t have any properties in Tokoroa myself.

I was bird-dogging deals there earlier in the year when we were able to get 18 percent plus yields. At that time I think it was *great* buying and I am sure my clients would agree – especially as they would have had capital gains along with their high yields! Yeehah!

but now… prices…[Read more]

yippppEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!!

joy to the world

Hi thanks for that Ben.

I guess the things to ask if it’s a one industry town is a) is the industry on the up?

(possible expanding the plant, more people, more demand, capital gains and more rents)

or is the industry on the downturn

(possible closure, your house plummets in value, becomes negatively geared if no more tenants, or if tenanted…[Read more]

Throw more money at the builder and he or she will prioritise your project for sure.

joy to the world

SOOOOO interesting, all of this.

So mine is basically like Celivia and Acey,
“To love, be happy, and have fun in life as much as possible.”

and to that I would add ‘to show/help/enable others to love, be happy, and have fun in life as much as possible too

and

to take complete responsibility for everything in my life and never cop out or blame…[Read more]

Hi Calvin,

I reckon what you are feeling is typical of first home buyers. And so be it.

but like what you recognised, you don’t get that feeling about investments – they should be on the numbers. like choosing any investment, you weigh up chances of growth, risk yield, security, losing the lot etc etc.

For me, I bought three investment…[Read more]

I wonder if the link ‘sold out’ so to speak and was removed!

i am going…I happened to be online when the email came through and booked straight away. A couple of days later my friend couldn’t get the link to work either.

joy to the world