Let’s see – you have 800K cash; you need to borrow 850K (taking into account you are now unemployed) to complete the development. That’s 1.65m now that’s quite a project. What sort of development are you working on Steve?? [blink]

Originally posted by steve2:
I’ve been working hard for the last 20 years and have managed to save $800,000 which I have in cash deposit.

Im sick of my job and have left and would like to concentrate full time on property investment/development which I have no experience of yet.
WOW….this is even better than the 80/20 percent theory that…[Read more]

Originally posted by jcls79:
My strategy is to ask my rental manager to rent out each room individually (making it cashflow positive [biggrin]) but the only suburbs that fits with my budget is nearby suburbs (Loganlea, Kingston, Woodridge, Bethania) which is not close to university (implying I may be renting out to people other than Uni which I am…[Read more]

Bette Midler, Robin Williams and Jerry Lewis. Lunch on a yacht sailing (not sure where) to talk to them about the serious sides of life for them and in general.

Question:
If you got handed a million dollars and were given 7 days to spend it all, but had to have nothing to show for it at the end of the week, how and what would you do with…[Read more]

Yes Martine,

You’re pretty much on track, except that the gross amount will not necessarily be paid to you if you engage a PM in which case the agency will take out their management costs, GST and any repairs that you give them authority to conduct.

Gross rental yield is what the return is before you take out ALL associated costs including PM…[Read more]

Thanks Shawn (you’re too kind) [blush2]

Anyway, I look forward to seeing your mug up there with the rest of us “lovelies” soon then hey??? [winking]

Cheers,

Jo

Yes please explain “what different strategy”??? [blink]

Oh and exactly HOW MUCH research did you do; I mean you spent three days looking, hence apart from the quick calculations, what other source of information did you avail yourself of???

I buy shoes at a whim, I spend months researching the area/state in which I wish to acquire property…[Read more]

I agree with Terry, why would you bother if you know there is no CG; seems pretty pointless to me!!! [blush2]

Foundation,

You have presented some excellent sources of information/data, all of which has merit, however and please don’t take this the wrong way as I am just expressing my curiousity out aloud, but EXACTLY WHY it is so important to you to discredit the doubling (every 7-10 year) of property prices theory???

I am not concerned one way or…[Read more]

Foundation,

No I am not going to “jump down (your) throat” so relax; but I would like to ask you here:

How do YOU (or anyone for that matter) really define “fair value”??? [blink]

Are you trying to “myth bust” or play a game of semantics??

Cheers,

Jo

Originally posted by superman:
Um, you will no doubt discount me a troll-supporter now, because I agree with Foundation’s posts. But I honestly don’t see a single personal jab in any of his replies, whilst you are flatly undermining his integrity! [blush2] I was taught that the best demonstration of maturity was to walk away from an unnecessary…[Read more]

Originally posted by wayneL:
Hey Foundation,

I’m enjoying “myth busters” keep them coming.

Interesting to note how upset the permabulls become over this…real zealot type stuff. LOL

Cheers
Wayne,

You have called me a property bull on many occasions, but fear not, I am hardly insulted by it at all; quite the opposite in fact.

FYI I do not…[Read more]

Originally posted by foundation:
No Ms Monopoly[crying], in my previous post I suggested that there are dangers in arranging wrap finance in the current economic climate for the reasons stated above. I am genuinely interested in any solution to this problem.
I may be mildly ignorant by your standards, but a troll?
Cheers, F.[cap]
I would strongly…[Read more]

Originally posted by wayneL:
So any dissenter to the mainstream of thought is now called a troll??

I don’t see foundation as a troll at all.

Let there be balance!! Yin and Yang!! Pro & Con!!

Cheers
No Wayne, not every post(er) is a troll and debate is fine IMO, however when the poster “baits” “provokes” and “manipulates” in order to flame then…[Read more]

Originally posted by foundation:
[blink][blink]
Wow. I’m sorry for offending you Ms Monopoly. I have tried to be straight down the line with all my posts, including the one to Derek. I have a great deal of respect for the man as his posts are generally very interesting and considered, as I had for you until the last couple of days. While we…[Read more]

Baiting again are we Foundation, in another post you stated that you don’t believe in WRAPPING; why the sudden interest??? [blush2]

http://en.wikipedia.org/wiki/Internet_troll

See definition:

Internet troll

From Wikipedia, the free encyclopedia.
An internet troll is a person who sends duplicitous messages hoping to get angry responses, or a…[Read more]

Originally posted by foundation:
Hello Woodsman,
If you don’t think many average folk believe that ‘immigration is destroying house affordability’, and ‘we have 2 IPs in Sydney which can’t grow any more because of the green wedges, so they will go up in price because everybody wants to live in Sydney!” then I don’t think you’ve been spending…[Read more]

Originally posted by foundation:
Hi Derek,
Another top post as always. I must admit I’m a little surprised only 57% of the suburbs in your survey had achieved the double in 10 years ‘rule’ over the last 10 years.

Now with the data you have at hand, might I with all due respect enquire whether you believe that ‘House prices on average (will)…[Read more]

No problem Brad,

Sorry if I sounded somewhat sharp with you, it was not my intention; my desk looks like a war zone atm and hence I have 1001 things going on at one time.

Simon,

Thanks for tracking that, I knew it was on their website somewhere, but as I explained to Brad (above) I am flat out atm and all I could muster was a quick explanation…[Read more]

Apparently it has something to do with the LAND component of CGT exemption, and that if you buy the land with the intention of building your PPOR on it, it is recommended that you live in the building for a min. of 3 months. I will hunt down the reference for you.

Cheers,

Jo