Just quickly Kim,

Because of her age, I am sure if you “shop around” you may be able to find one (accountant and/or financial planner) that will visit her. I know financial planners are “mobile” but accountants, not so confident. Give it a shot anyway, can’t hurt to ask.

Cheers,

Jo

Hi Kim,

I think diclem has made some valid points. I am not 100% certain, but I am also pretty sure Centrelink allows pensioners to earn X amount before reducing their payments. I believe the property will attract an asset test, the limit of which, again I am not certain.

I agree that this lady sounds lovely and very generous, and no wonder…[Read more]

Calvin,

Just to make a clarification here, I am NOT saying one should screw around a vendor, nor the REA involved in selling the property; what I AM saying is that the “subject to finance” clause is not set in concrete and as long as it is within the cooling off period, no law has been broken. Furthermore, I WOULD NEVER ENCOURAGE ANYONE to pull…[Read more]

I understand what you’re saying Aussie, but perhaps it’s more the fault of this type of communication medium, rather than its author??? [blink]
Anyway, I am not out to dispute anyone’s intent, it was just how I read it – as seeking clarification.

Cheers,

Jo

Hi Aussie,

I understand your points, as I do Acey’s, however I am unqualified in shares “ethical” or otherwise to make any real contribution re their value.

On the note of “arrogance” however, I am MORE than adequately qualified as many of my posts have been contrary to many “softer” approaches adopted in here. I don’t think Acey is trying to…[Read more]

Well I may get shot down for this; but “frankly Scarlet I don’t give a damn”!!!!

I have to agree Somersoft is much friendlier, the posters there are “open minded” and people don’t pluck theories out of the sky!!!! Like Acey said, people back up their information.

This place conveys a “fear of damnation” feel about it. You have to watch EVERY…[Read more]

Oh Malachii,

I feel your pain, been there myself, only in my situation the “tenants from hell” as I often refer to them as, finished the job by setting it alight the next day!!!!

Yes, landlord insurance is always a MUST HAVE.

No, agent’s don’t always act in the best interest of the vendor, although they should (and many do); sadly there are…[Read more]

WayneL,

Adopting a socialist perspective (albeit admirable) will not lead to wealth creation. Regardless of what type of investing you choose, if you aren’t capitalist focussed, you will not generate enough wealth to put you in the higher ranks, unless of course you’re Mother Teresa!!!

But then, not everyone is trying to achieve this type of…[Read more]

Originally posted by Clement:
Why do this ???
The result may be worse for the intended buyer.

as such you can (and legally I have always been told you should) include the clause “subject to finance” I do it all the time and always purchase for cash (hence don’t even need it). The reason to include it, is because it is a “legal” out, and all you…[Read more]

Hi Steve,

Honestly????

You may think this a bit harsh, I just read different terminology used for expressions that have been around since man bought his first cave!!! Let me demonstrate…..

Price Takers – followers
Price Makers – leaders

Price Takers – the herd
Price Makers – the stockmen

Price Takers – the thinkers
Price Makers – the…[Read more]

Shall I quote some of your replies Kay????

I think not; snide digs are both unnecessary and immature. My “you want a friend, join a social group” was not directly aimed at Squash, but you couldn’t resist the opportunity to make it so.

Thank you Squash, I appreciate your efforts and understanding of my post.

Kay,

Squash and I have discussed this outside the forum and he knows I meant no disrespect. And much to your surprise, I too believe in “do unto others” just that experience has hardened me. However, I don’t believe that because someone is “soft” they haven’t learnt anything, it is just how they prefer to do things.

And I will trust you to…[Read more]

ManicSquash,

Firstly, I wish to clarify that my post was NOT a personal attack on you and hope you did not perceive it as such.

If my comment appeared cold to the notion of “rewarding” tenants, then that’s great!!! Yes, experience has hardened me; I make no apologies for it, and will challenge anyone who has been through what I have, and who…[Read more]

Originally posted by ManicSquash:
Do onto others as you’d have them do onto you,
Investment made in knowledge and curtesy is a cost effective way to minimise our exposure to threat sources like rouge tenants.

Oh pleazzzzz!!!! [wacko]

I’m sorry ManicSquash but I hope you never go through what I did, for if you had seen how sad my house looked as…[Read more]

Hi Richmond,

Just a quick addition to Kay’s and Yack’s comments re the residential/commercial questions. My concern would be the “public liability” issue as it is a commercial business run from a building which is zoned residential. Is the council aware of this business??? They may not be, and if customers do not set foot on the site, it is not…[Read more]

Originally posted by MasterREL:
I just want to say thanks to all the members on this forum.I think I have learnt more reading posts ,then from the hundreds of books I have read.
Thank You All

Hi MasterREL,

As long as you/we read everyone’s posts correctly and completely I am sure there is always a worthwhile message and/or lesson to be…[Read more]

None taken Richmond, besides I wouldn’t want that to happen, you never know what you gonna get in your sandwich !!!! [laugh4]

Seriously, sounds like fate is smiling down on you, and you are definitely meant to have it!!! Good for you Richmond; I hope it all pans out well. Please do keep us informed; sounds like a fantastic…[Read more]

Hi Richmond,

Am I allowed to ask where near Melbourne???

Jo

Originally posted by jhighlo2001:
“The property market in Melbourne has certainly flattened and it could be that the lenders you have approached are being over cautious in regards to their valuation. Our Principal Solicitor, ********, suggests that you try and get another valuation done by a different valuer, or alternatively consider a less…[Read more]

Good luck with the offer ManicSquash, and don’t be disheartened if it is rejected; although it might mean starting again, you may well be surprised to find that it all worked out for the best and the next place you find supersedes the last!!!

Jo