Watchya waitin’ for boy, run for them thar hills!!! [blink]

[grin]Sorry Luke (couldn’t resist) [blush2]

There is so much information in libraries, internet and virtually any RE type of publication that talks about property cycles, booms, busts (no not female anatomy!!!)[blush2] and such topics.

Any book by Jan Somers, Peter Spann, Steve…[Read more]

Originally posted by Nads73:
Can someone please explain to me what they mean by “you need to get creative” to find a cash flow property. I am guessing this means to add value to a property and increase the amount of rent charged? Am I on the right track. I would appreciate if someone could assist.
Assist in what exactly?? It’s about using your…[Read more]

Zip!!!

Rule #1 NEVER EVER take verbal agreements as gospel, whether this be for a trade, service, or even a condition of employment. Unless it is in writing, it is purely and simply heresay!!!

The tradie could argue that he misheard the dimensions, you misunderstood him and 1001 other crappy excuses to get out of it, and there is absolutely…[Read more]

$30 + a bit of labour, really??? [blink]

Thanks Derek (trust you) [tongue]

Heck if that’s the case, LizardKing may I suggest you shake the vendors hand on settlement day, tell them it’s their shout for a counter meal at the local pub and take that as payment in full!!! [biggrin]

And as Derek said “don’t sweat the small stuff” [whistle]

Cheers,

Jo

Damian and Tam,

Derek is absolutely right, it is more difficult to find cashflow positive properties at this time, but certainly it is not impossible.

I guess it boils down to your level of creativity and determination. IMO a creative mind is never disillusioned, it is too busy thinking up new ways to do things and so has no time to feel…[Read more]

Hi LizardKing,

I guess it depends on what was in your contract. Don’t know about WA but in Victoria, unless specifically stipulated, you are buying “as is” and any repairs etc are done at the discretion of the vendor.

You can push for “I won’t settle unless this is repaired” and they may even accommodate by repairing same to THEIR satisfaction…[Read more]

Originally posted by foundation:
We’ve got to balance the 4 million odd babies born between 1946 + 1961 (I think)
Oh you are SO close Foundation!!! As a borderline BB myself I can tell you that the cut off is in fact 1964 (the way I remember it is to simply reverse the 46).[biggrin] A few will argue that the cut off is 1961 (probably those who…[Read more]

Hi Brent,

I am not versed with student accommodation, however you could try chatting to Simon (Mortgage Hunter) or Derek; I believe they have such investments. You will see their names listed in yellow (moderators) and also Simon is a Mortgage Broker so may be able to advise on finance possibilities.

My 2c….from a quick glance, yes it would…[Read more]

Hi Padma,

Thanks you’re a sweetie, but you already knew that!!! [] BTW….YOU HAVE MAIL….I sent you a messge re our discussion in a previous PM, my apologies for the delay in getting back to you.[blush2]

I have to agree Derek is (as I always call him) “the voice of reason” painfully so at times!![tongue]

All in all, there are some pretty…[Read more]

[blush2] Awww shucks!!! [blush2]
Thank you so much, that’s really sweet of you both.[biggrin]

I have to confess, after almost a year of being on property investment boards such as this and Somersoft, I am no less astounded by the means/lengths people will go to to try and make/save a dollar. I am convinced more than ever that albeit simplistic…[Read more]

Check with US and/or Turkey tax authorities. [blink]

Sorry Maniyak,

I didn’t mean any disrespect.[blush2] I wasn’t meaning to pry. I only questioned you because, although it can be very worthwhile exercise depending on your long term goals, this can work against you (for various reasons). I guess I am like the myriad of investors who will tell you that one of the golden rules is “never buy in…[Read more]

Originally posted by Brad1m:
Im thinking last minute rush to get in before interest rate rise ?
How so Brad??? [blink]

Hey Kerwyn,

I know what 2 shillings is (about 20c if memory serves correct) so you’re not that much older than me [blush2] but thanks for the kind words anyway.[biggrin]

Sure there may not be a lot of capital gain around for awhile, but there are plenty of other strategies that can be used to make money in property, you just have to be a bit…[Read more]

Hey all,

Yes I agree there is much to ponder, and as the article states, the situation (and yes I do agree Kay, it’s not in fact all “doom and gloom” per se) will be an interesting one for baby boomers and the generations that follow. [blush2]

On the flip side though, I could be mean here and say oh (beep) the next lot let them fend for…[Read more]

Maniyak,

Why bother??? [blink]

If you are only basically cutting your wife into the picture by a measley 1% you may be creating more problems for yourself than you need to further down the track; not to mention the costs associated with this transaction (especially now that transferral of title from spouses is no longer exempt of Stamp Duty…[Read more]

Hey Landt,

Thanks for the kind words. I don’t mind sharing any information FWIW (for what it’s worth) but I have to add that I learn equally as much from what people have to say, and by asking questions, I get to find out what different perspectives people have; so you see it’s a mutual thing (give and take).[biggrin]

I started investing when I…[Read more]

PPOR = Primary place of residence [biggrin]

Here are a couple of other abbreviation/acronym links that might help:

https://www.propertyinvesting.com/forum/topic/5561.html?SearchTerms=abbreviations

https://www.propertyinvesting.com/forum/topic/2233.html?SearchTerms=abbreviations

Cheers,

Jo

Hi Lobboroz,

Basically it is up to the vendor’s discretion. You could approach the selling agent and ask him/her to discuss it with the vendor to see if they would do something about it prior to settlement, but ultimately if they say “no” then it will be yours to deal with.

The other possibility may be to say something at the final inspection…[Read more]

Fair enough Brad,

At least you did do some research, although a bit more would have been good. But why the rush??? [blink]

Cheers,

Jo <— FYI please note, no “e” (yes my full name is Josephine, commonly referred to as Josie, but for the sake of brevity in here I use “Jo” [biggrin] As my gender is female “Joe” is not applicable as it is the…[Read more]