Im fairly stuned to read that some people think that 4 to 8 weeks per year is an realistic period of time to factor in vacancy in an IP

Ive got 3 examples,

1/Owned 1 year, tennants have lived there 5 years and paying market rent

2/Owned 3 years, 2 tennants ,not empty 1 day ,even at the change of tennants.

3/ Owned 9 years, lots of…[Read more]

Darryn with a y

have you heard of the saying ” What goes around , comes around ” ? With an attitude like that, your sure to find out

l notice your quite happy to let the Agent find the listings for you. lve got another one,”sounds like the pot calling the kettle black ”

MITCH

Gday Peter,
to date i’ve never had a problem at settlement ( touch wood ) ,valuations , doc’s etc becouse l maintain regular constant phone contact with all the people that are involved.l prefer to maintain this contact dispite their assurances that there will be no problems

There seems to be a tear running down my cheek
l think Im going to cry .

Gday Tails,

so your back. Instead of all the muck throwing that you seem to enjoy why dont you clear the air and tell us where this attitude comes from , or go away like a sniviling little…. mate,you have no credibility

Gday Paul T277,
so how are those diplomacy lessons going? MITCH

If you crunch the numbers on a deal and it fits into your plan,l dont think it matters where abouts we are in the property cycle. MITCH

Gday gt
l think its important the first one goes 100 % right , so dont stick your neck out with some huge renovation plan. Keep it simple,buy a nice place in a good area thats easy to rent (Gee that was easy to say)and make this first one is a happy fun time also lots of research so when the right one comes along you see it MITCH

Gday Lucinda,
so your decision to renege was nothing to do with the Agent? You changed your mind after the vendor accepted your offer becouse the risk of not getting the return you were after was too high ? MITCH

Gday Lucinda, l was wondering after your offer of 240K was accepted by the vendor,why you did not follow through on the deal ? MITCH

I wonder if thats company policy and are they a small independant agent or part of a national franchise?

Gday Kutty 70,without sounding harsh,l think if your putting faith in a bank valuation to support the purchase price of an investment property (you didnt specify renter or PPOR) then you should have looked around more,lf you bought your new PPOR and you love the place then congratulations, loving the place is more important than a great price. MITCH

Gday FNQ 2002, l think you need to find out how much your PPOR is worth as a renter against the size of your current loan payments inc rates etc this will give you an idea of affordability.l would imagine if you rent it these payments become deductable against the loan.You have equity if you x coll this and your new PPOR but can you meet the…[Read more]

Greetings All, just in relation to what Key said in relation to “the unprecedented amount of investors investing in Real Estate” and AD said “no doubt that many people have entered or are about to enter the property market” ,l wonder what will happen to all these one off investors in the next three to five years.We all relise that…[Read more]

Gday Robert, lve got a couple,keep your plans away from non investor types,l cant recall a positive conversation lve had with people who dont have a consept of investing for the future/early retirement etc and be thorough with your financial plan to take to your lender,if they wont lend the money theres not much of a plan left MITCH

Gee Tails, looks like youve shown your true colors now! l think my interpretation of you thinking of us as foolish wasnt too far off the mark at all. Never mind,ive had a real giggle at what I thought you were trying to do BUT its a pity you feel the need to cast aspersions at Steve McKnight anonamously , maybe your a politican who is used to…[Read more]

G,day Tails277,now l must admit,when l first saw your post my imediate reaction was not particuly complemetry but as my computor was playing up l was unable to respond.I can now say upon reflection that YOU INSPIRE ME! The way in which you put down any form of property investment as foolishness(my interpretation of your attitude via your posts)is…[Read more]